U-Haul Holding Co /NV/ UHAL
We are North America's largest "do-it-yourself" moving and storage operator through our subsidiary U-Haul International, Inc. ("U-Haul"). U-Haul is synonymous with "do-it-yourself" moving and storage and is a leader in supplying products and services to help people move and store their household and commercial goods. Our primary service objective is to "provide a better and better product and service to more and more people at a lower and lower cost." Unless the context otherwise requires, the terms "U-Haul Holding Company," "Company," "we," "us," or "our" refer to U-Haul Holding Company, a Nevada corporation, and all of its legal subsidiaries, on a consolidated basis.
We were founded in 1945 as a sole proprietorship under the name "U-Haul Trailer Rental Company" and have rented trailers ever since. Starting in 1959, we rented trucks on a one-way and in-town basis exclusively through independent U-Haul dealers. In 1973, we began developing our network of U-Haul managed retail stores, through which we rent our trucks and trailers, self-storage units and portable moving and storage units and sell moving and self-storage products and services to complement our independent dealer network.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $761.5M | $735.0M | $714.4M | $746.4M | $699.4M | $31.6M | $30.4M | $29.1M | $29.6M | $29.1M |
| Cost of revenue | $246.9M | $234.1M | $241.6M | $263.0M | $259.6M | $214.1M | $164.0M | $162.1M | $160.5M | $152.5M |
| Gross profit | $514.6M | $500.8M | $472.8M | $483.4M | $439.8M | -$182.5M | -$133.6M | -$133.0M | -$130.9M | -$123.4M |
| Total operating expenses | $3.42B | $3.28B | $3.13B | $3.02B | $4.09B | $2.19B | $2.12B | $1.98B | $1.81B | $1.57B |
| Operating income | $432.6M | $716.2M | $977.8M | $1.45B | $1.65B | $961.1M | $540.1M | $621.0M | $765.2M | $743.2M |
| Interest expense | $364.8M | $295.7M | $256.2M | $224.0M | $167.4M | $163.5M | $160.9M | $142.4M | $126.7M | $113.4M |
| Pre-tax income | $112.6M | $477.5M | $840.2M | $1.22B | $1.48B | $796.7M | $378.1M | $477.5M | $637.6M | $628.4M |
| Income tax | $29.5M | $110.4M | $211.5M | $294.9M | $352.2M | $185.8M | $63.9M | $106.7M | $153.0M | $229.9M |
| Net income | $83.1M | $367.1M | $628.7M | $924.5M | $1.12B | $610.9M | $442.0M | $370.9M | $790.6M | $398.4M |
| Shares, diluted (wtd. avg.) | $196.1M | $196.1M | $196.1M | — | $19.6M | $19.6M | $19.6M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.12B | $988.8M | $1.53B | $2.06B | $2.70B | $1.19B | $494.4M | $673.7M | $759.4M | $697.8M |
| Short-term investments | — | — | — | $15.9M | $30.9M | $7.2M | $7.0M | $5.5M | $10.3M | $15.1M |
| Inventory | $178.2M | $163.1M | $150.9M | $151.5M | $158.9M | $105.6M | $101.1M | $103.5M | $89.9M | $82.4M |
| Property, plant and equipment | $16.38B | $15.11B | $13.13B | $11.35B | $9.63B | $8.33B | $7.84B | $7.93B | $6.82B | $5.98B |
| Total assets | $21.50B | $20.48B | $19.06B | $18.10B | $17.33B | $14.65B | $14.69B | $11.89B | $10.75B | $9.41B |
| Long-term debt | $8.12B | $7.23B | $6.30B | $6.14B | $6.06B | $4.70B | $4.65B | $4.19B | $3.54B | — |
| Total liabilities | $13.89B | $12.98B | $11.89B | $11.60B | $11.35B | $9.73B | $9.85B | $8.20B | $7.34B | $6.79B |
| Retained earnings | $7.98B | $7.93B | $7.60B | $7.00B | $6.12B | $5.03B | $5.02B | $3.98B | $3.64B | $2.89B |
| Total equity | $7.61B | $7.50B | $7.17B | $6.50B | $5.90B | $4.92B | $4.85B | $3.69B | $3.41B | $2.62B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.79B | $1.45B | $1.45B | $1.73B | $1.95B | $1.54B | $1.08B | $975.6M | $937.7M | $1.06B |
| Depreciation and amortisation | $1.18B | $971.9M | $817.9M | $733.9M | $697.0M | $664.0M | $664.1M | $581.0M | $555.1M | $481.5M |
| Capital expenditure | $3.15B | $3.45B | $2.99B | $2.72B | $2.14B | $1.44B | $2.31B | $1.87B | $1.36B | $1.42B |
| Investing cash flow | -$2.26B | -$2.89B | -$2.05B | -$2.42B | $1.87B | -$1.13B | -$1.77B | -$1.57B | -$898.3M | -$1.18B |
| Financing cash flow | $594.6M | $895.1M | $66.5M | $59.8M | $1.43B | $287.4M | $512.3M | $514.6M | $16.6M | $223.8M |
| Dividends paid | — | — | $0 | $19.6M | $29.4M | $49.0M | $29.4M | $39.2M | $29.4M | $58.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-292785.
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