U-Haul (UHAL)


Market Price (10/24/2026): $0 | Market Cap: $-Sector: Industrials | Industry: Diversified Support Services

U-Haul (UHAL)


Market Price (10/24/2026): $0
Market Cap: $-
Sector: Industrials
Industry: Diversified Support Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%

Low stock price volatility
Vol 12M is 34%

Megatrend and thematic drivers
Megatrends include Urbanization & Population Mobility, and Real Estate & Flexible Living. Themes include DIY Moving & Relocation Services, and Self-Storage Solutions.

Weak multi-year price returns
2Y Excs Rtn is -53%, 3Y Excs Rtn is -73%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.2

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 171x

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0%

Key risks
UHAL key risks include [1] its high dependency on a housing market susceptible to being "frozen" by elevated interest rates, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%
1 Low stock price volatility
Vol 12M is 34%
2 Megatrend and thematic drivers
Megatrends include Urbanization & Population Mobility, and Real Estate & Flexible Living. Themes include DIY Moving & Relocation Services, and Self-Storage Solutions.
3 Weak multi-year price returns
2Y Excs Rtn is -53%, 3Y Excs Rtn is -73%
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.2
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%
6 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 171x
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0%
9 Key risks
UHAL key risks include [1] its high dependency on a housing market susceptible to being "frozen" by elevated interest rates, Show more.

UHAL in ETFs

Weight = UHAL's share of each fund

VTI0.00%
IWB0.00%
VB0.01%
DFAS0.02%
VBR0.01%
IWS0.00%
DFAC0.00%
IWR0.00%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/9/2026

U-Haul (UHAL) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Decline in Net Earnings and Missed EPS Estimates.

U-Haul Holding Company reported a decrease in net earnings available to common shareholders for its fiscal first quarter 2027 (ended June 30, 2026) to $122.9 million, down 13.6% from $142.3 million in the same period last year. Diluted earnings per share (EPS) for UHAL fell to $0.58, missing the consensus analyst estimate of $0.66 by 12.56%.

2. Increased Operating and Interest Expenses.

Despite a 3.2% year-over-year revenue increase to $1.682 billion in fiscal Q1 2027, the company's profitability was impacted by rising expenses. Operating expenses in the Moving and Storage segment grew by approximately $55 million due to factors such as freight and other cost inflation. Additionally, interest expense increased by $15.6 million, effectively neutralizing the $15.9 million growth in self-storage revenue.

Show more
Updated on 10/9/2026

U-Haul (UHAL) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Decline in Net Earnings and Missed EPS Estimates.

U-Haul Holding Company reported a decrease in net earnings available to common shareholders for its fiscal first quarter 2027 (ended June 30, 2026) to $122.9 million, down 13.6% from $142.3 million in the same period last year. Diluted earnings per share (EPS) for UHAL fell to $0.58, missing the consensus analyst estimate of $0.66 by 12.56%.

2. Increased Operating and Interest Expenses.

Despite a 3.2% year-over-year revenue increase to $1.682 billion in fiscal Q1 2027, the company's profitability was impacted by rising expenses. Operating expenses in the Moving and Storage segment grew by approximately $55 million due to factors such as freight and other cost inflation. Additionally, interest expense increased by $15.6 million, effectively neutralizing the $15.9 million growth in self-storage revenue.

3. Self-Storage Overcapacity and Reduced Occupancy Rates.

U-Haul continued its expansion of self-storage facilities, adding 1.1 million net rentable square feet in fiscal Q1 2027, with plans for approximately 12 million more. However, the company acknowledged that it is "still completing new storage units faster than we are filling them." This led to a 4.5 percentage point decrease in same-store occupancy, falling to 88.3% from 92.8%. Over the trailing twelve months leading up to June 30, 2026, the owned-portfolio occupancy rate declined from 78.1% to 72.9%, as 5.2 million square feet were added but only 0.5 million were occupied.

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Stock Movement Drivers

Fundamental Drivers

The -14.9% change in UHAL stock from 6/30/2026 to 10/23/2026 was primarily driven by a -24.0% change in the company's Net Income Margin (%).
(LTM values as of)630202610232026Change
Stock Price ($)65.4455.66-14.9%
Change Contribution By: 
Total Revenues ($ Mil)6,0386,0890.9%
Net Income Margin (%)1.4%1.0%-24.0%
P/E Multiple154.4171.110.8%
Shares Outstanding (Mil)1961960.1%
Cumulative Contribution-14.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/23/2026
ReturnCorrelation
UHAL-14.9% 
Market (SPY)1.8%22.9%
Sector (XLI)-11.1%36.9%

Fundamental Drivers

The 16.5% change in UHAL stock from 3/31/2026 to 10/23/2026 was primarily driven by a 134.9% change in the company's P/E Multiple.
(LTM values as of)331202610232026Change
Stock Price ($)47.7855.6616.5%
Change Contribution By: 
Total Revenues ($ Mil)6,0006,0891.5%
Net Income Margin (%)2.1%1.0%-51.2%
P/E Multiple72.8171.1134.9%
Shares Outstanding (Mil)1961960.1%
Cumulative Contribution16.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/23/2026
ReturnCorrelation
UHAL16.5% 
Market (SPY)17.2%19.7%
Sector (XLI)2.0%29.2%

Fundamental Drivers

The -2.5% change in UHAL stock from 9/30/2025 to 10/23/2026 was primarily driven by a -80.3% change in the company's Net Income Margin (%).
(LTM values as of)930202510232026Change
Stock Price ($)57.0755.66-2.5%
Change Contribution By: 
Total Revenues ($ Mil)5,9116,0893.0%
Net Income Margin (%)5.3%1.0%-80.3%
P/E Multiple35.6171.1380.1%
Shares Outstanding (Mil)1961960.1%
Cumulative Contribution-2.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/23/2026
ReturnCorrelation
UHAL-2.5% 
Market (SPY)15.0%31.5%
Sector (XLI)7.7%37.5%

Fundamental Drivers

The 2.0% change in UHAL stock from 9/30/2023 to 10/23/2026 was primarily driven by a 1247.8% change in the company's P/E Multiple.
(LTM values as of)930202310232026Change
Stock Price ($)54.5755.662.0%
Change Contribution By: 
Total Revenues ($ Mil)5,8076,0894.9%
Net Income Margin (%)14.5%1.0%-92.8%
P/E Multiple12.7171.11247.8%
Shares Outstanding (Mil)1961960.1%
Cumulative Contribution2.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/23/2026
ReturnCorrelation
UHAL2.0% 
Market (SPY)83.9%44.9%
Sector (XLI)68.9%50.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
UHAL Return60%-17%19%-4%-27%13%26%
Peers Return157%-18%21%-12%7%14%172%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
UHAL Win Rate58%33%50%33%17%50% 
Peers Win Rate78%38%47%53%38%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
UHAL Max Drawdown-17%-38%-30%-17%-35%-29% 
Peers Max Drawdown-20%-35%-29%-28%-23%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PSA, EXR, CUBE, CAR, PAG. See UHAL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/23/2026 (YTD)

How Low Can It Go

EventUHALS&P 500
2025 US Tariff Shock
  % Loss-20.6%-18.8%
  % Gain to Breakeven25.9%23.1%
  Time to Breakeven484 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.5%-9.5%
  % Gain to Breakeven27.5%10.5%
  Time to Breakeven43 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.3%-6.7%
  % Gain to Breakeven28.6%7.1%
  Time to Breakeven201 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-36.8%-24.5%
  % Gain to Breakeven58.3%32.4%
  Time to Breakeven558 days427 days
2020 COVID-19 Crash
  % Loss-30.0%-33.7%
  % Gain to Breakeven42.9%50.9%
  Time to Breakeven77 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-18.3%-12.2%
  % Gain to Breakeven22.4%13.9%
  Time to Breakeven133 days62 days

Compare to PSA, EXR, CUBE, CAR, PAG

In The Past

U-Haul's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventUHALS&P 500
2025 US Tariff Shock
  % Loss-20.6%-18.8%
  % Gain to Breakeven25.9%23.1%
  Time to Breakeven484 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.5%-9.5%
  % Gain to Breakeven27.5%10.5%
  Time to Breakeven43 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.3%-6.7%
  % Gain to Breakeven28.6%7.1%
  Time to Breakeven201 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-36.8%-24.5%
  % Gain to Breakeven58.3%32.4%
  Time to Breakeven558 days427 days
2020 COVID-19 Crash
  % Loss-30.0%-33.7%
  % Gain to Breakeven42.9%50.9%
  Time to Breakeven77 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-35.6%-17.9%
  % Gain to Breakeven55.3%21.8%
  Time to Breakeven94 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-28.7%-15.4%
  % Gain to Breakeven40.3%18.2%
  Time to Breakeven43 days125 days
2008-2009 Global Financial Crisis
  % Loss-69.5%-53.4%
  % Gain to Breakeven227.9%114.4%
  Time to Breakeven514 days1085 days
Summer 2007 Credit Crunch
  % Loss-22.1%-8.6%
  % Gain to Breakeven28.3%9.5%
  Time to Breakeven77 days47 days

Compare to PSA, EXR, CUBE, CAR, PAG

In The Past

U-Haul's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About U-Haul (UHAL)

U-Haul, trading as AMERCO (UHAL), is a prominent do-it-yourself moving and storage operator serving the United States and Canada. The company's primary business revolves around renting a comprehensive suite of moving equipment, including trucks, trailers, and portable moving and storage units, alongside offering self-storage spaces. It also sells essential moving supplies like boxes, packing materials, and towing accessories, and operates an online marketplace, uhaul.com, connecting customers with independent moving help and storage affiliates. Its main customers are household and commercial goods movers seeking cost-effective and flexible relocation solutions.

Beyond its core rental and storage services, U-Haul provides various protection packages through its Property and Casualty Insurance segment. These packages, such as Safemove and Safetow, offer customers damage waivers, cargo protection, and liability coverage for their rental and storage needs. Additionally, the company operates a Life Insurance segment, which underwrites and reinsures life and health insurance products, primarily targeting the senior market with offerings like Medicare supplement and annuity policies. This diversified business model supports its broad customer base across North America.

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Here are a few analogies for U-Haul:

  • The Hertz of DIY moving and storage.

  • Enterprise Rent-A-Car for moving trucks and Public Storage for self-storage units, rolled into one company.

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  • Moving and Storage Rentals: Rental of trucks, trailers, portable moving and storage units, and self-storage spaces for household and commercial goods.
  • Moving Supplies and Accessories Sales: Sale of various moving supplies, specialty boxes, packing materials, towing accessories, and propane.
  • Moving Help and Storage Marketplace: An online platform (uhaul.com) connecting consumers with independent Moving Help service providers and self-storage affiliates.
  • Property & Casualty Insurance Packages: Protection packages such as Safemove and Safestor, offering damage waivers, cargo protection, and liability coverage for moving and storage customers.
  • Life and Health Insurance Products: Direct writing and reinsuring of life insurance, Medicare supplement, and annuity policies, primarily targeting the senior market.

AI Analysis | Feedback

U-Haul (UHAL) primarily serves individual consumers and small businesses rather than other large companies. Its major customer categories include:

  1. Individuals Undertaking Do-It-Yourself Household Moves: This is the core customer base, consisting of individuals and families who rent trucks, trailers, and other equipment to relocate their homes. They also purchase moving supplies and often utilize vehicle transport options.

  2. Individuals and Small Businesses Requiring Self-Storage Solutions: Customers in this category seek secure, temporary, or long-term storage spaces for personal belongings, household goods, or business inventory, often independent of a full-scale move.

  3. Customers of Ancillary Moving and Towing Services and Products: This category includes individuals and small businesses who purchase moving supplies (such as boxes, tape, and security locks), towing accessories, propane, and various protection packages (like Safemove, Safetow, and Safestor) offered by U-Haul, sometimes without engaging in a full truck or storage rental.

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  • Ford Motor Company (F)
  • General Motors Company (GM)

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Edward J. Shoen, Chairman and President of U-Haul Holding Company, Chief Executive Officer of U-Haul International, Inc.

Edward J. Shoen is the third son of U-Haul co-founder L. S. Shoen. He earned an MBA from Harvard Business School in 1973, where his thesis focused on the self-storage industry, and a Juris Doctor from Arizona State University in 1981. In 1986, he led a shareholder coup to take control of AMERCO from his father, becoming chairman and president. Before this, he owned Space Age Paints from 1980 to 1987 while practicing law. His leadership is recognized for the expansion of U-Haul in the self-moving sector.

Jason A. Berg, Chief Financial Officer of U-Haul Holding Company

Jason A. Berg joined AMERCO subsidiary Oxford Life Insurance Company in 1996, where he served as treasurer, secretary, and vice president, overseeing accounting, financial reporting, and tax operations. Prior to joining Oxford Life, he was employed with the Internal Revenue Service. He was appointed principal accounting officer for AMERCO in 2005 and became the Chief Financial Officer in 2016. He is also the Treasurer & Director at Amerco Real Estate Co. and Chief Accounting Officer at U-Haul International, Inc., both subsidiaries of AMERCO. He is a Certified Public Accountant.

Samuel J. Shoen, Vice Chairman of the Board and U-Box Project Manager

Samuel J. Shoen serves as the Vice Chairman of the Board and is involved as the U-Box Project Manager. He is the son of Edward J. Shoen.

John C. Taylor, President of U-Haul International, Inc.

John C. Taylor holds the position of President of U-Haul International, Inc.

Maria L. Bell, Chief Accounting Officer of U-Haul Holding Company

Maria L. Bell serves as the Chief Accounting Officer of U-Haul Holding Company.

AI Analysis | Feedback

U-Haul (UHAL), operating as AMERCO, faces several key risks to its business, primarily due to its reliance on consumer mobility and its asset-heavy operational model.

Key Risks to U-Haul's Business

  1. Dependence on Housing Market and Economic Conditions: U-Haul's core moving and storage business is directly tied to the health of the housing market and overall economic activity. Economic downturns or slowdowns in the housing market, characterized by fewer home sales and reduced relocation activity, can significantly decrease demand for U-Haul's trucks, trailers, and self-storage units. The company's filings acknowledge the impact of economic downturns on operations, leading to reduced demand and pricing pressure. Recent reports have linked declines in U-Haul's earnings and stock price to fewer one-way moves, indicating a direct correlation with broader economic and housing market shifts.
  2. Operational Costs and Fleet Management: Operating a vast fleet of approximately 176,000 trucks and 127,000 trailers exposes U-Haul to substantial operational costs. These include significant expenses related to fuel, maintenance, and depreciation of its fleet. Fuel price volatility can directly impact profit margins, as U-Haul trucks typically have lower fuel efficiency, averaging around 10 miles per gallon. Additionally, the company faces challenges with fleet depreciation and underutilized capacity, and the uncertainty of the truck resale market can affect net capital investment.
  3. High Debt Levels: U-Haul carries a significant amount of debt, which poses a financial risk. With $13.51 billion of debt exceeding $1.44 billion of cash on its balance sheet and a high net-debt-to-EBITDA ratio of 7x, the company is considered overleveraged. High debt levels can limit financial flexibility, increase borrowing costs, and make the company more vulnerable to adverse market conditions or declining profitability, potentially impacting its ability to invest in growth or manage unexpected challenges.

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U-Haul (UHAL), operating as AMERCO, primarily serves the do-it-yourself moving and storage market, and also offers property and casualty insurance and life insurance products. The addressable market sizes for its main products and services in the United States are as follows:

Do-It-Yourself Moving and Storage

  • Self-Storage: The U.S. self-storage market was valued at an estimated USD 44 billion in 2023, with projections to grow from USD 45.34 billion in 2025 to USD 47.28 billion in 2026, and further to USD 57.79 billion by 2031. Other estimates place the total revenue at over $40 billion (as of May 23, 2025). As of March 9, 2026, the overall self-storage industry is valued between $44.3 billion.
  • Moving Truck Rental: The market size for truck rentals in the U.S. was estimated at USD 34.8 billion in 2024. This market is projected to be USD 34.4 billion in 2025 and is expected to reach USD 28,124.1 million by 2030, with a compound annual growth rate (CAGR) of 4.2% from 2025 to 2030. Another source indicates the U.S. truck rental market size was estimated at USD 21.5 billion in 2024 and is projected to grow from USD 23.71 billion in 2025 to USD 63.12 billion by 2035, exhibiting a CAGR of 10.2% during this forecast period.

Property and Casualty Insurance

  • Moving and Storage Protection Packages: A specific addressable market size for moving and storage protection packages within the U.S. is not readily available. While the broader U.S. logistics insurance market had a revenue of USD 11.3 million in 2023, expected to reach USD 13.0 million by 2030, this figure likely does not fully encompass U-Haul's specialized Safemove, Safetow, and Safestor offerings for household and commercial goods.

Life Insurance Segment

  • Life and Health Insurance Products (including Annuities): The U.S. life insurance and annuities market was sized at USD 819 billion in 2024, with projections to reach USD 1100.2 billion by 2032 at a CAGR of 3.9% from 2025 to 2032. Separately, US individual annuity sales reached $461.3 billion in 2025.
  • Medicare Supplement Health Insurance: The U.S. Medicare Supplement Health Insurance market size was valued at USD 26.97 billion in 2022 and accounted for USD 30.55 billion in 2025. It is expected to grow at a CAGR of 5.0% from 2023 to 2030, reaching USD 39.26 billion by 2030, and is estimated to achieve USD 50.33 billion by 2035.

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U-Haul (UHAL) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Self-Storage Expansion: U-Haul is actively expanding its self-storage portfolio by adding new units and developing additional properties. The company anticipates significant revenue growth from these non-same-store locations once they achieve stabilized occupancy rates, as well as from numerous projects currently under development.
  2. Optimization and Growth of Truck Rental Business: Despite some fluctuations in truck transactions, U-Haul aims to increase revenue through improved fleet utilization and management, reduced maintenance costs, and an increase in rental transactions. The expansion of its network with new company-operated locations and independent dealers is expected to facilitate better distribution of its fleet and boost transaction volumes.
  3. Expansion of U-Box Container Services: The company is growing its flexible U-Box moving and storage container services. This segment contributes to "other revenue" through an increase in moving transactions and a greater number of containers kept in storage by customers.
  4. Growth in Ancillary Product and Service Sales: U-Haul enhances its revenue by selling a variety of moving supplies, towing accessories, propane, specialty boxes, tapes, and security locks. Additionally, moving and storage protection packages like Safemove, Safetow, Safestor, and Safestor Mobile contribute to overall revenue.

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Share Repurchases

  • No significant share repurchases have been made by U-Haul (UHAL) over the last 3-5 years, with quarterly buybacks reported at $0.00 for December 31, 2025.

Share Issuance

  • In 2022, U-Haul Holding Company issued a stock dividend that created non-voting Class B Common Stock (UHALB), designed to be more accessible to retail investors while offering the same economic interest as voting shares.
  • As of May 28, 2025, there were 19,607,788 shares of Voting Common Stock (UHAL) and 176,470,092 shares of Series N Non-Voting Common Stock (UHAL.B) outstanding.

Capital Expenditures

  • U-Haul's Capital Expenditure for the Last Twelve Months (LTM) was $774 million as of November 24, 2025.
  • The company is primarily focused on expanding its self-storage properties and the U-Box portable storage fleet.
  • During the third quarter of fiscal 2026 (ending December 31, 2025), U-Haul added 16 new storage locations and 1.5 million net rentable square feet, with approximately 12.9 million net rentable square feet in development or pending.

Better Bets vs. U-Haul (UHAL)

Peer Outperformance in Diversified Support Services

UHAL has trailed 76% of its 33 Diversified Support Services peers over 5Y. Among the peers that beat it are SAIC, UNF and CTOS. Diversified Support Services ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Diversified Support Services constituents that UHAL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
39%
of 38 industry peers · 0.6% return
3Y
37%
of 35 industry peers · 10.2% return
5Y
24%
of 33 industry peers · -23.0% return
Diversified Support Services peers with revenue growth within 4pp of UHAL's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
UHAL U-Haul 1.7% 171.1x 0.6%10.2%-23.0% —
SAIC Science Applications International -1.2% 16.3x 46.7%41.3%69.9% +93pp
UNF UniFirst 4.6% 43.9x 81.5%75.2%41.0% +64pp
CTOS Custom Truck One Source 5.1% 96.2x 41.8%63.5%4.3% +27pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Diversified Support Services is UHAL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 30 -6.8%105.0%140.2% STRL 1461% · FIX 1308% · AGX 714%
Marine Transportation 5 55.1%53.2%134.3% MATX 189% · KEX 134%
Construction Machinery & Heavy Transportation Equipment 13 -4.4%55.3%92.6% CAT 271% · ALSN 231% · WAB 203%
Aerospace & Defense 52 -14.4%56.1%58.8% ATI 882% · FTAI 704% · HWM 519%
Trading Companies & Distributors 19 11.3%33.9%50.6% DXPE 378% · AIT 230% · URI 210%
Diversified Support Services ← 34 8.5%39.6%37.5% CXW 234% · OPLN 153% · CACI 122%
Industrial Machinery & Supplies & Components 72 3.1%51.3%36.9% CRS 842% · MLI 371% · SYM 297%
Rail Transportation 7 31.2%56.7%27.9% CSX 53% · UNP 38% · NSC 28%
Building Products 33 -10.7%12.1%22.7% GFF 344% · TT 162% · JCI 115%
Cargo Ground Transportation 16 35.3%10.4%15.9% XPO 252% · R 243% · ARCB 47%
Electrical Components & Equipment 37 -12.6%71.0%3.2% POWL 1789% · BE 857% · VRT 711%
Industrial Conglomerates 17 7.3%6.4%-6.8% CSW 121% · DD 74% · CSL 60%
Research & Consulting Services 13 2.3%-13.9%-8.2% HURN 295% · FCN 10% · BAH 4%
Agricultural & Farm Machinery 16 1.0%-6.3%-12.8% DE 102% · TTC 15% · AGCO -6%
Data Processing & Outsourced Services 6 -22.9%0.4%-16.2% EXLS 70% · BR 9% · G -14%
Security & Alarm Services 9 -48.6%15.4%-20.8% BCO 99%
Office Services & Supplies 9 17.9%18.6%-23.9% PBI 198% · TILE 147% · HNI 41%
Environmental & Facilities Services 29 -32.0%33.2%-33.5% GEO 237% · CLH 178% · RSG 92%
Passenger Airlines 11 -1.4%17.5%-36.1% LTM 3065% · UAL 110% · DAL 101%
Passenger Ground Transportation 3 -29.5%50.9%-36.5% UBER 47% · CAR -36% · LYFT -65%
Air Freight & Logistics 12 -25.9%-19.6%-40.1% FDX 77% · EXPD 69% · CHRW 59%
Human Resource & Employment Services 22 20.2%-8.9%-41.0% ADP 56% · PAYX 11% · FA 10%
Airport Services 4 -69.6%-69.4%-83.6% JOBY -47%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

UHALPSAEXRCUBECARPAGMedian
NameU-Haul Public S.Extra Sp.CubeSmartAvis Bud.Penske A. 
Mkt Price55.71309.79143.4240.16101.35212.29122.38
Mkt Cap10.954.430.39.13.614.012.4
Rev LTM6,0894,8903,4461,13611,83132,9185,490
Op Inc LTM4352,2541,5214535721,244908
FCF LTM-1,2342,8611,880591-11,400592591
FCF 3Y Avg-1,5942,8131,842613-9,918709661
CFO LTM1,8263,1721,9015982,9068941,864
CFO 3Y Avg1,6223,1821,8626153,3091,0551,742

Growth & Margins

UHALPSAEXRCUBECARPAGMedian
NameU-Haul Public S.Extra Sp.CubeSmartAvis Bud.Penske A. 
Rev Chg LTM3.0%3.0%4.2%3.9%4.8%0.6%3.4%
Rev Chg 3Y Avg1.7%3.7%21.7%3.0%-2.9%4.7%3.3%
Rev Chg Q3.2%2.6%3.9%1.5%-0.9%6.0%2.9%
QoQ Delta Rev Chg LTM0.9%0.7%1.0%0.4%-0.2%1.5%0.8%
Op Inc Chg LTM-40.1%1.1%6.1%-4.6%436.5%-11.1%-1.7%
Op Inc Chg 3Y Avg-31.8%-1.2%12.8%1.3%86.4%-4.9%0.0%
Op Mgn LTM7.1%46.1%44.1%39.8%4.8%3.8%23.5%
Op Mgn 3Y Avg12.2%47.1%43.9%43.2%4.3%4.1%27.7%
QoQ Delta Op Mgn LTM-0.5%-0.7%0.1%0.3%0.2%-0.1%-0.0%
CFO/Rev LTM30.0%64.9%55.2%52.6%24.6%2.7%41.3%
CFO/Rev 3Y Avg27.5%66.9%56.4%56.1%28.3%3.3%42.2%
FCF/Rev LTM-20.3%58.5%54.6%52.0%-96.4%1.8%26.9%
FCF/Rev 3Y Avg-27.2%59.1%55.8%55.9%-84.5%2.2%29.0%

Valuation

UHALPSAEXRCUBECARPAGMedian
NameU-Haul Public S.Extra Sp.CubeSmartAvis Bud.Penske A. 
Mkt Cap10.954.430.39.13.614.012.4
P/S1.811.18.88.00.30.44.9
P/Op Inc25.124.119.920.16.311.220.0
P/EBIT23.622.917.920.2-35.19.119.0
P/E171.226.631.627.3-5.614.926.9
P/CFO6.017.115.915.21.215.615.4
Total Yield0.9%8.0%7.7%8.9%-17.8%9.3%7.8%
Dividend Yield0.3%4.2%4.5%5.3%0.0%2.6%3.4%
FCF Yield 3Y Avg-13.1%5.4%5.9%6.2%-256.8%6.5%5.6%
D/E0.70.20.50.48.10.70.6
Net D/E0.60.20.50.48.00.70.5

Returns

UHALPSAEXRCUBECARPAGMedian
NameU-Haul Public S.Extra Sp.CubeSmartAvis Bud.Penske A. 
1M Rtn-9.5%8.0%7.2%6.8%-4.1%1.3%4.0%
3M Rtn-22.0%-2.9%-1.8%-3.2%-36.4%-1.7%-3.1%
6M Rtn5.9%2.5%3.2%4.4%-50.3%34.4%3.8%
12M Rtn0.7%5.3%-0.4%1.5%-33.9%32.3%1.1%
3Y Rtn10.3%44.1%53.6%36.2%-38.1%61.2%40.1%
1M Excs Rtn-7.3%9.9%9.5%9.3%-1.1%3.1%6.2%
3M Excs Rtn-26.5%-6.2%-5.0%-6.5%-40.9%-3.8%-6.4%
6M Excs Rtn-0.5%-3.9%-3.2%-2.0%-56.7%28.0%-2.6%
12M Excs Rtn-13.7%-10.0%-15.0%-13.4%-47.0%15.3%-13.6%
3Y Excs Rtn-73.4%-45.6%-35.7%-51.5%-115.9%-24.8%-48.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Moving & Storage Consolidated5,6875,4935,2955,5685,398
Life Insurance222222219206239
Property & Casualty Insurance141125123104115
Eliminations-12-11-12-13-12
Total6,0385,8295,6265,8655,740


Operating Income by Segment
$ Mil20262025202420232022
Moving & Storage Consolidated3506468961,3961,577
Property & Casualty Insurance6755633750
Life Insurance1517201421
Eliminations-0-1-1-2-2
Total4337169781,4461,646


Net Income by Segment
$ Mil20262025202420232022
Moving & Storage Consolidated833676299241,123
Property & Casualty Insurance5143503039
Life Insurance1212161115
Eliminations-63-55-65-41-55
Total833676299241,123


Assets by Segment
$ Mil20262025202420232022
Moving & Storage Consolidated18,68817,52316,15015,21114,382
Life Insurance3,0033,0672,9912,8923,215
Property & Casualty Insurance485535502460480
Eliminations-673-646-583-462-777
Total21,50320,47919,05918,10117,300


Price Behavior

Price Behavior
Market Price$55.66 
Market Cap ($ Bil)10.9 
First Trading Date11/04/1994 
Distance from 52W High-26.1% 
   50 Days200 Days
DMA Price$63.28$58.40
DMA Trenddownup
Distance from DMA-12.0%-4.7%
 3M1YR
Volatility22.2%33.9%
Downside Capture193.14108.25
Upside Capture33.7491.64
Correlation (S&P 500)32.8%31.2%
UHAL Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.710.940.610.530.840.88
Up Beta0.151.290.440.360.550.84
Down Beta-0.410.810.590.161.000.82
Up Capture28%25%42%78%77%62%
Bmk +ve Days6162766132424
Stock +ve Days8173069129375
Down Capture220%189%101%53%96%101%
Bmk -ve Days16263760120328
Stock -ve Days14253457123375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UHAL
UHAL-0.0%33.9%0.04-
Sector ETF (XLI)8.7%17.2%0.3136.7%
Equity (SPY)14.8%12.7%0.8030.5%
Gold (GLD)-2.8%28.5%-0.1117.3%
Commodities (DBC)52.1%20.7%1.91-14.0%
Real Estate (VNQ)4.3%13.9%0.0637.5%
Bitcoin (BTCUSD)-24.8%43.5%-0.5421.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UHAL
UHAL-4.7%30.3%-0.13-
Sector ETF (XLI)11.5%17.6%0.4956.1%
Equity (SPY)12.7%17.1%0.5651.8%
Gold (GLD)17.3%18.9%0.7311.5%
Commodities (DBC)9.5%19.5%0.377.5%
Real Estate (VNQ)1.1%18.9%-0.0553.9%
Bitcoin (BTCUSD)5.7%51.7%0.2922.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UHAL
UHAL5.8%29.5%0.24-
Sector ETF (XLI)13.0%20.1%0.5756.0%
Equity (SPY)15.3%17.9%0.7252.7%
Gold (GLD)11.8%16.4%0.595.4%
Commodities (DBC)8.4%18.1%0.3816.4%
Real Estate (VNQ)5.2%20.7%0.2150.7%
Bitcoin (BTCUSD)62.4%66.2%1.0216.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity1.7 Mil
Short Interest: % Change Since 91520263.4%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest12.2 days
Basic Shares Quantity195.9 Mil
Short % of Basic Shares0.8%

Earnings Returns History

Updated 9/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20261.4%0.4%-8.7%
5/27/202613.5%5.8%28.8%
2/4/2026-14.7%-16.1%-15.6%
11/5/2025-0.6%-1.5%-1.9%
8/6/20253.0%4.1%4.9%
5/29/20251.2%-0.6%-4.2%
2/5/2025-1.4%1.1%-2.5%
11/6/2024-2.2%-6.9%-4.7%
...
SUMMARY STATS   
# Positive563
# Negative658
Median Positive3.0%4.1%10.4%
Median Negative-1.8%-6.9%-4.5%
Max Positive13.5%6.0%28.8%
Max Negative-16.2%-16.1%-15.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20261.4%0.4%-8.7%
5/27/202613.5%5.8%28.8%
2/4/2026-14.7%-16.1%-15.6%
11/5/2025-0.6%-1.5%-1.9%
8/6/20253.0%4.1%4.9%
5/29/20251.2%-0.6%-4.2%
2/5/2025-1.4%1.1%-2.5%
11/6/2024-2.2%-6.9%-4.7%
8/7/20246.8%6.0%10.4%
5/29/2024-1.0%4.1%-1.8%
5/30/2023-16.2%-12.6%-12.7%
SUMMARY STATS   
# Positive563
# Negative658
Median Positive3.0%4.1%10.4%
Median Negative-1.8%-6.9%-4.5%
Max Positive13.5%6.0%28.8%
Max Negative-16.2%-16.1%-15.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/27/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/29/202510-K
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/30/202410-K
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202306/02/202310-K
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/27/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/29/202510-K
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/30/202410-K
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202306/02/202310-K
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
06/30/202208/03/202210-Q
03/31/202205/25/202210-K
12/31/202102/09/202210-Q
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/26/202110-K
12/31/202002/03/202110-Q
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/27/202010-K
12/31/201902/05/202010-Q
09/30/201911/06/201910-Q

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shoen, Edward JPresidentBlackwater Investments, Inc.Buy92220250.00229,515  Form
2Shoen, Mark V Blackwater Investments, Inc.Buy92220250.00229,515  Form
3Willow, Grove Holdings LP Blackwater Investments, Inc.Buy92220250.00229,515  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shoen, Edward JPresidentBlackwater Investments, Inc.Buy92220250.00229,515  Form
2Shoen, Mark V Blackwater Investments, Inc.Buy92220250.00229,515  Form
3Willow, Grove Holdings LP Blackwater Investments, Inc.Buy92220250.00229,515  Form

Investor Activity (13F)

Updated Oct 24, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Bruce & Co., Inc.$23.7 Mil6.8%41Hold13F
Bayberry Capital Partners LP$13.0 Mil4.3%28TRIM -30.0%13F
Abrams Capital Management, L.P.$147.0 Mil3.2%11Hold13F
Tensile Capital Management LP$17.0 Mil2.4%25ADD +287.6%13F
Smead Capital Management, Inc.$95.9 Mil2.1%32TRIM -13.0%13F
Southpoint Capital Advisors LP$68.1 Mil1.4%41TRIM -40.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Tensile Capital Management LP$17.0 Mil2.4%25ADD +287.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Southpoint Capital Advisors LP$68.1 Mil1.4%41TRIM -40.0%13F
Bayberry Capital Partners LP$13.0 Mil4.3%28TRIM -30.0%13F
Smead Capital Management, Inc.$95.9 Mil2.1%32TRIM -13.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Abrams Capital Management, L.P.$147.0 Mil3.2%11Hold13F
Smead Capital Management, Inc.$95.9 Mil2.1%32TRIM -13.0%13F
Southpoint Capital Advisors LP$68.1 Mil1.4%41TRIM -40.0%13F
Bruce & Co., Inc.$23.7 Mil6.8%41Hold13F
Tensile Capital Management LP$17.0 Mil2.4%25ADD +287.6%13F
Bayberry Capital Partners LP$13.0 Mil4.3%28TRIM -30.0%13F
Core Cache Last Updated: 10/23/2026