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U-Haul Holding Company

UHAL
46
Rental & Leasing Services · Industrials
Price
$71.41
-0.14 (-0.20%)
Market Cap
$13.96B
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Good
Stability
Mixed
Valuation
Good

Winston Score History

The full picture

U-Haul Holding Company rents moving trucks, trailers, and storage units to everyday people and small businesses across North America. Its bright orange trucks are one of the most recognized brands in the do-it-yourself moving industry, and the company also sells moving supplies like boxes and packing materials. U-Haul operates one of the largest networks of rental locations in the United States and Canada, with tens of thousands of independent dealers and company-owned stores.

The company earns money through rental fees, storage unit rentals, and sales of moving supplies and insurance products. It operates almost entirely in North America and its massive fleet size and dealer network make it difficult for smaller competitors to match its geographic reach and availability. However, U-Haul faces pressure from rising equipment maintenance costs, competition from storage-focused rivals like Public Storage, and the fact that moving activity tends to slow down when the housing market weakens — which is a real risk given current high interest rates.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+3.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-7.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

60.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~5 years

$4.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$4.1B cash & investments at current burn rate

Growth context

U-Haul Holding Company is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 196.1M (2022) → 196.1M (2026)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
95.7%
Premium pricing power — 95.7% gross margin
Profit after running costs
Operating Margin
14.9%
Healthy — 14.9% operating margin
Return on the money invested
ROCE
2.7%
Weak — 2.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+3.0%
Slow sales growth (+3.0% YoY)
Profit growth
EPS YoY
-86.6%
Earnings shrinking (-86.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
3964%
Turns 3964% of profit into real cash
Spare cash per sale
FCF Margin
-62.8%
Burning cash (-62.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.06
Elevated debt (1.06)
Covers its interest
Interest Cover
1.10x
Dangerous — barely covers interest (1.1x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
375.8x
Expensive — P/E 375.8

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+311.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (375.8 → 64.5)

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Dividends

Not applicable for this business.
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