U-Haul Holding Co. /NV/ (UHAL) intrinsic value & 10-year financials

U-Haul Holding Co. /NV/ (UHAL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 43.7% a year to $761.5M, with an average return on invested capital of 8.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$57.02
Revenue (FY2026)
$761.5M
Revenue growth (10-yr CAGR)
43.7%
ROIC (10-yr avg)
8.4%
Free cash flow (FY2026)
-$1.4B

UHAL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $761.5M $83.1M — -$1.4B 56.8% 2.3%
FY2025 $735.0M $367.1M — -$2.0B 97.4% 4.3%
FY2024 $714.4M $628.7M — -$1.5B 136.9% 6.5%
FY2023 $746.4M $923.0M — -$994.3M 193.5% 11.1%
FY2022 $699.4M $1.1B — -$190.3M 235.2% 14.3%
FY2021 $31.6M $610.9M — $93.9M 3041.3% 8.8%
FY2020 $30.4M $442.0M — -$1.2B 1776.4% 7.0%
FY2019 $29.1M $370.9M — -$894.4M 2130.5% 7.2%
FY2018 $29.6M $790.6M — -$427.4M 2582.0% 13.5%
FY2017 $29.1M $398.4M — -$399.4M 2552.9% 9.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

U-Haul Holding Co /NV/ is a consistent compounder, expanding top-line revenue at 43.7% annually over the past decade.

U-Haul Holding Co /NV/ returns on capital have been average, hovering around 8.4% ROIC over the decade.

Over the decade, U-Haul Holding Co /NV/ shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, U-Haul Holding Co /NV/ is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.

UHAL stock: frequently asked questions

How fast has U-Haul Holding Co. /NV/ grown?

Revenue went from $29.1M in fiscal 2017 to $761.5M in fiscal 2026, a compound annual growth rate of 43.7%. Net income was $83.1M in fiscal 2026.

Does U-Haul Holding Co. /NV/ generate free cash flow?

U-Haul Holding Co. /NV/ generated -$1.4B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 1 of the last 10 reported years.

What is UHAL's return on invested capital?

Average ROIC over the last 10 fiscal years was 8.4%, and average return on equity was 12.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UHAL data come from?

From U-Haul Holding Co. /NV/'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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