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U-Haul Holding Company logo

U-Haul Holding Company

UHAL
40
Rental & Leasing Services · Industrials
Price
$71.30
-0.98 (-1.36%)
Market Cap
$13.94B
Winston Score
40
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

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.

Winston Score History

Politician Trades

2 trades / 12mo

1 Congressional buy and 1 sell on UHAL in the last 12 months.

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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

+12.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-840.7% 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

Insiders holding steady — not selling despite ability to

Cash Runway

~8 months

$989M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

U-Haul Holding Company has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

Gross Margin
85.4%
Premium pricing power — 85.4% gross margin
Operating Margin
-3.5%
Losing money on operations — -3.5%
ROCE
-0.3%
Weak — -0.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+5.4%
Slow sales growth (5.4% YoY)
EPS YoY
-77.4%
Earnings shrinking (-77.4% YoY)

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

EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
1703%
Turns 1703% of profit into real cash
FCF Margin
-47.2%
Burning cash (-47.2%)

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

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Stability

Debt / Equity
0.69
Moderate — manageable debt (0.69)
Interest Cover
1.59x
Dangerous — barely covers interest (1.6x)

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

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Valuation

P/E Ratio (TTM)
150.0x
Expensive — P/E 150.0

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

P/E vs Forward
+91.5
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (150.0 → 58.5)

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Dividends

Not applicable for this business.
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