U-Haul Holding Company (UHAL) Stock

U-Haul Holding Company (UHAL) is a Consumer Discretionary stock trading at $67.56 (as of 2026-09-03), with a market capitalization of $13.23B and a trailing P/E of 207.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

U-Haul Holding Company operates a do-it-yourself moving and storage business in the United States and Canada through a network of company stores and independent dealers. Its Moving and Storage activities include renting trucks, trailers, portable storage units, and specialty rental items, selling moving supplies, and operating uhaul.com and related vehicle-transport and packing products for household and commercial customers.

Understand U-Haul Holding Company: how it makes money

U-Haul rents moving trucks, trailers, and portable storage containers to households and small businesses, and operates a growing self-storage network. Roughly 45% of revenue comes from equipment rental, with storage and insurance rounding out the mix, all priced per day or per month rather than by shipment volume.

The profit engine is fleet utilization multiplied by a massive, self-depreciating truck and container base, while self-storage adds a steadier, higher-margin rent stream that cushions the cyclical moving demand.

Revenue by segment (latest quarter)
Self-moving rental$0.8B
Self-storage$0.3B
Life insurance$0.1B
P&C insurance$0.0B
Other$0.2B

Business quality (Mixed): A 96% gross margin flatters the model by pushing fleet depreciation and facility costs below the line; the true operating margin of 15% on only 3% revenue growth cannot justify a 33x multiple without visible acceleration.

Valuation: At 33× earnings, UHAL trades 130% above the Personal Services average (14×).

Bull case

  • Dealer Network Drives Utilization: Management flagged that dealer expansion improves customer convenience and truck utilization while adding capacity with lower property-related capital intensity than company-owned locations, a structurally cheaper way to add fleet.
  • Storage Mix Lifts Margins: U Box portable-storage growth is accretive because storage units carry greater margin than shipping, shifting the revenue mix toward higher-yield, lower-depreciation assets over time.
  • Cheaper Vans Tighten Unit Economics: Lower future cargo-van acquisition prices would reduce the capital cost of fleet replenishment, narrowing the gap between rental revenue and the depreciation charge that eats into it.

Bear case

  • Profit Slipped Despite Revenue Growth: Quarterly earnings and adjusted EBITDA both declined year over year while revenue grew 3%, meaning the top line is not translating into bottom-line expansion at the current cost structure.
  • U Box Pricing Rests Below Plan: U Box revenue growth remained weak because average revenue per box lagged, undermining the margin-uplift story for the retail storage product and the mix-shift bull case.
  • Premium Multiple on Modest Growth: At a P/E of 33.4x versus the Personal Services industry average of 14x (130% above), the stock prices in sustained outperformance that 3% revenue growth has not yet demonstrated.
Valuation — source: SEC EDGAR (first-party)
Price$67.56
Market Cap$13.23B
P/E Ratio207.7
EV / EBITDA12.6
Price / Book1.73
Price / Sales2.17
FCF Yield-10.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.04B
Net Margin1.4%
Revenue Growth (YoY)3.2%
FCF Growth (YoY)-39.6%
Valuation vs Sector & Industry
Stock P/E207.7
Sector P/E (Consumer Discretionary)20.2
Industry P/E (Personal Services)15.5
vs Sector930.1%
vs Industry1239.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($43.71M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorConsumer Discretionary
IndustryPersonal Services
CEOEdward Joseph Shoen
Employees17,836
CountryUS
IPO Date1994-11-04

U-Haul Holding Company earnings call transcripts

  • UHAL Q1 FY27 earnings call transcript (reported 2026-08-05) · analysis
  • UHAL Q4 FY26 earnings call transcript (reported 2026-05-27) · analysis
  • UHAL Q3 FY26 earnings call transcript (reported 2026-02-04) · analysis
  • UHAL Q1 FY26 earnings call transcript (reported 2025-08-06) · analysis

All UHAL earnings calls

Related Companies (Personal Services; 8 comparable companies)

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  • Avis Budget Group, Inc. (CAR)
  • CubeSmart (CUBE)
  • Globe Life Inc. (GL)
  • F&G Annuities & Life, Inc. (FG)
  • Jackson Financial Inc. (JXN)
  • Brighthouse Financial, Inc. (BHFAL)
UHAL earnings history · UHAL institutional & insider holders · UHAL KPIs & operating metrics · UHAL financials · UHAL investor presentations & press releases · UHAL SEC filings · UHAL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-03.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.