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U-Haul Holding UHAL Operating Expenses Excluding Lease Expense

Operating Expenses Excluding Lease Expense at other companies

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$510.5M-2.8%
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$3.94B+4.6%
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$1.37B+40.0%
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Hut 8 Mining Corp.HUT
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LTR
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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
Operating margin8.5%-4.9pp
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

Reported directly by U-Haul Holding in its filing.

Tagged under the XBRL concept uhal:OperatingExpensesExcludingLeaseExpense.

The official record: U-Haul Holding’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is U-Haul Holding's operating expenses excluding lease expense?
U-Haul Holding (UHAL) reported operating expenses excluding lease expense of $853.84M in Q1 2026.
How has U-Haul Holding's operating expenses excluding lease expense changed year-over-year?
U-Haul Holding's operating expenses excluding lease expense increased by 4.3% year-over-year, from $818.87M to $853.84M.
What is the long-term trend for U-Haul Holding's operating expenses excluding lease expense?
Over 4 years (2021 to 2025), U-Haul Holding's operating expenses excluding lease expense has grown at a 6.3% compound annual growth rate (CAGR), from $2.68B to $3.42B.
What does operating expenses excluding lease expense mean?
Core operating costs excluding lease payments.
How do you interpret operating expenses excluding lease expense?
Lower expenses relative to revenue indicate improved operational efficiency, while rising expenses may signal inflationary pressures or scaling costs.
How does operating expenses excluding lease expense compare across companies?
Standard metric for measuring operational cost control across service-based industries.