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U-Haul Holding UHAL Operating margin

Operating margin at other companies

Extra Space Storage logo
Extra Space StorageEXR
40.8%-1.2pp
Humana logo
HumanaHUM
2.7%-1.7pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp

Other financials

Income statement

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Revenue$1.3B+3.1%
Gross profit$1.4B+3.5%
Operating income$33.7M-77.7%
Net income$37.0M-45.0%
EPS (diluted)$0.11-76.7%

Balance sheet

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Cash & equivalents$1.1B+13.3%
Total debt$8.1B+11.5%
Total equity$7.6B+1.5%
Total assets$21.5B+5.0%

Cash flow

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Operating cash flow$404.0M+103%
CapEx$551.7M-6.3%
Free cash flow-$147.7M+62.2%

Valuation

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Market cap$11.82B-26.2%
Enterprise value$18.83B-13.6%
P/S-0.8×

Profitability

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Gross margin95.9%-0.1pp
Net margin7.9%-3.8pp
FCF margin-22.5%-5.8pp

Returns & leverage

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Return on equity6.1%-3.8pp
Debt / equity1.1×+0.1×

Where this comes from

Calculated from U-Haul Holding’s reported figures.

Based on trailing twelve months.

The official record: U-Haul Holding’s 10-Q, filed February 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is U-Haul Holding's operating margin?
U-Haul Holding (UHAL) reported operating margin of 8.5% in Q4 2025.
How has U-Haul Holding's operating margin changed year-over-year?
U-Haul Holding's operating margin decreased by 36.4% year-over-year, from 13.3% to 8.5%.
What is the long-term trend for U-Haul Holding's operating margin?
Over 2 years (2021 to 2024), U-Haul Holding's operating margin has grown at a -32.6% compound annual growth rate (CAGR), from 28.7% to 13%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.