U-Haul Reports Q4 Fiscal 2026 Loss Amid Increased Depreciation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2026
0mins
Source: seekingalpha
- Financial Performance: U-Haul reported a Q4 fiscal 2026 loss of $128 million, with full-year earnings at $83 million, primarily due to increased fleet depreciation, which rose from $181 million to $221 million, indicating pressure on asset management.
- EBITDA Growth: Despite the loss, adjusted EBITDA for Moving and Storage increased by $6 million to $223 million in the quarter, and by $26 million to $1.646 billion for the full year, demonstrating resilience in core operations.
- Share Repurchase Plan: The U-Haul Board authorized a $350 million share repurchase plan, reallocating capital from reduced growth CapEx, reflecting confidence in the current stock price and a commitment to returning value to shareholders.
- Future Outlook: Management indicated no planned growth for the truck fleet in fiscal 2027, with new purchases expected to decrease by approximately $560 million, suggesting a focus on optimizing existing assets rather than expansion, which may impact future revenue growth.
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Analyst Views on UHAL
Wall Street analysts forecast UHAL stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 62.350
Low
80.00
Averages
80.00
High
80.00
Current: 62.350
Low
80.00
Averages
80.00
High
80.00
About UHAL
U-Haul Holding Company is a do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc. (U-Haul). Its primary focus is to provide its customers with a selection of moving rental equipment, convenient self-storage rental facilities and portable moving and storage units and related moving and self-storage products and services. Its segments include Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment consists of the rental of trucks and trailers, portable moving and storage units, specialty rental items and self-storage spaces primarily to the household mover, as well as sales of moving supplies, towing accessories and propane. Its Property and Casualty Insurance segment provides loss adjusting and claims handling for U-Haul through regional offices in the United States and Canada. The Life Insurance segment provides life and health insurance products primarily for the senior market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Weather Impact: This week, severe storms swept through the Midwest, causing property damage, power outages, and flooding in Chicago and surrounding areas, making U-Haul's free storage service essential for affected residents seeking dry and secure storage solutions.
- Service Availability: The free offer applies to new self-storage and U-Box rentals based on availability at participating locations, ensuring that more residents can quickly recover their lives after the disaster.
- Long-Term Storage Options: U-Haul has also introduced a 1-Year Price Lock service, guaranteeing customers no rental price increases for the next 12 months, further enhancing its competitive edge and customer loyalty in the North American market.
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- Southwest Airlines Performance: Southwest Airlines (LUV) received an A valuation grade, suggesting a relatively low valuation compared to peers, which may attract investor interest and enhance its market performance.
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U-Haul Reports Q4 Fiscal 2026 Loss Amid Increased Depreciation
- Financial Performance: U-Haul reported a Q4 fiscal 2026 loss of $128 million, with full-year earnings at $83 million, primarily due to increased fleet depreciation, which rose from $181 million to $221 million, indicating pressure on asset management.
- EBITDA Growth: Despite the loss, adjusted EBITDA for Moving and Storage increased by $6 million to $223 million in the quarter, and by $26 million to $1.646 billion for the full year, demonstrating resilience in core operations.
- Share Repurchase Plan: The U-Haul Board authorized a $350 million share repurchase plan, reallocating capital from reduced growth CapEx, reflecting confidence in the current stock price and a commitment to returning value to shareholders.
- Future Outlook: Management indicated no planned growth for the truck fleet in fiscal 2027, with new purchases expected to decrease by approximately $560 million, suggesting a focus on optimizing existing assets rather than expansion, which may impact future revenue growth.
See More
U-Haul (UHAL) Q4 2026 Earnings Transcript
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- Company Overview: As North America's largest 'do-it-yourself' moving and self-storage company, U-Haul operates over 25,000 locations and offers 1,136,000 rentable storage units, showcasing its significant market influence.
- Business Scale: U-Haul's fleet includes approximately 204,800 trucks and 136,600 trailers, and it is the largest propane retailer in the U.S., further solidifying its market position in moving and storage services.
- Industry Recognition: U-Haul has been repeatedly recognized as a leading 'Best for Vets' employer and was recently named one of the 15 Healthiest Workplaces in America, reflecting its commitment to employee welfare and corporate culture.
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- Disaster Relief Program: U-Haul is offering 30 days of free self-storage and U-Box container use at 60 locations in the Chicago area to assist residents impacted by severe weather, aiming to support communities in facing the challenges posed by natural disasters.
- Weather Impact: This week, severe storms swept through the Midwest, causing property damage, power outages, and flooding in Chicago and surrounding areas, making U-Haul's free storage service essential for affected residents seeking dry and secure storage solutions.
- Service Availability: The free offer applies to new self-storage and U-Box rentals based on availability at participating locations, ensuring that more residents can quickly recover their lives after the disaster.
- Long-Term Storage Options: U-Haul has also introduced a 1-Year Price Lock service, guaranteeing customers no rental price increases for the next 12 months, further enhancing its competitive edge and customer loyalty in the North American market.
See More
Valuation Analysis of U.S. Industrial Stocks
- Valuation Overview: Seeking Alpha's valuation grades highlight that among U.S. companies with market caps over $10 billion, Southwest Airlines (LUV), U-Haul (UHAL), and Stanley Black & Decker (SWK) are among the most attractively valued, indicating their competitive edge in the industry.
- Southwest Airlines Performance: Southwest Airlines (LUV) received an A valuation grade, suggesting a relatively low valuation compared to peers, which may attract investor interest and enhance its market performance.
- U-Haul and Stanley Black & Decker: U-Haul (UHAL) and Stanley Black & Decker (SWK) received A and A- ratings respectively, reflecting their robust financial performance and investment appeal in their sectors, potentially driving future capital inflows.
- Other Notable Stocks: Companies like United Airlines (UAL), United Parcel Service (UPS), and Paychex (PAYX) also performed well in valuation ratings, indicating market confidence in these large firms, which could influence their stock price movements.
See More
U-Haul Reports Q4 Fiscal 2026 Loss Amid Increased Depreciation
- Financial Performance: U-Haul reported a Q4 fiscal 2026 loss of $128 million, with full-year earnings at $83 million, primarily due to increased fleet depreciation, which rose from $181 million to $221 million, indicating pressure on asset management.
- EBITDA Growth: Despite the loss, adjusted EBITDA for Moving and Storage increased by $6 million to $223 million in the quarter, and by $26 million to $1.646 billion for the full year, demonstrating resilience in core operations.
- Share Repurchase Plan: The U-Haul Board authorized a $350 million share repurchase plan, reallocating capital from reduced growth CapEx, reflecting confidence in the current stock price and a commitment to returning value to shareholders.
- Future Outlook: Management indicated no planned growth for the truck fleet in fiscal 2027, with new purchases expected to decrease by approximately $560 million, suggesting a focus on optimizing existing assets rather than expansion, which may impact future revenue growth.
See More
U-Haul (UHAL) Q4 2026 Earnings Transcript
See More
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- Conference Participation: U-Haul Holding Company will participate in the Bank of America Self-Storage Virtual Conference on May 28, 2026, where CFO Jason Berg will speak on the Development and Supply Panel, highlighting the company's leadership in the self-storage industry.
- Company Overview: As North America's largest 'do-it-yourself' moving and self-storage company, U-Haul operates over 25,000 locations and offers 1,136,000 rentable storage units, showcasing its significant market influence.
- Business Scale: U-Haul's fleet includes approximately 204,800 trucks and 136,600 trailers, and it is the largest propane retailer in the U.S., further solidifying its market position in moving and storage services.
- Industry Recognition: U-Haul has been repeatedly recognized as a leading 'Best for Vets' employer and was recently named one of the 15 Healthiest Workplaces in America, reflecting its commitment to employee welfare and corporate culture.
See More
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- Strong Earnings Report: U-Haul's FY GAAP EPS of $0.44 exceeded expectations by $0.10, indicating potential in the company's profitability despite existing challenges.
- Revenue Growth: The company reported revenue of $6.04 billion, a 3.6% year-over-year increase, surpassing market expectations by $30 million, demonstrating stable business growth.
- Profitability Concerns: Analysts highlight that U-Haul needs significant improvements in profitability, which could affect its attractiveness to future investors despite the positive earnings report.
- Market Reaction: Mid-cap industrial stocks are experiencing a sell-off, with U-Haul, Smiths, and GXO Logistics leading the decline, reflecting investor concerns over profitability outlooks.
See More
