U-Haul Holding Company (UHAL) - Net Assets
Based on the latest financial reports, U-Haul Holding Company (UHAL) has net assets worth $7.74 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.62 Billion) and total liabilities ($13.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check UHAL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.74 Billion |
| % of Total Assets | 35.82% |
| Annual Growth Rate | 8.2% |
| 5-Year Change | 54.54% |
| 10-Year Change | 233.04% |
| Growth Volatility | 21.46 |
U-Haul Holding Company - Net Assets Trend (1994–2025)
This chart illustrates how U-Haul Holding Company's net assets have evolved over time, based on quarterly financial data. See UHAL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for U-Haul Holding Company (1994–2025)
The table below shows the annual net assets of U-Haul Holding Company from 1994 to 2025. For live valuation and market cap data, see how much is U-Haul Holding Company worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $7.50 Billion | +4.54% |
| 2024-03-31 | $7.17 Billion | +10.27% |
| 2023-03-31 | $6.50 Billion | +9.27% |
| 2022-03-31 | $5.95 Billion | +22.68% |
| 2021-03-31 | $4.85 Billion | +14.95% |
| 2020-03-31 | $4.22 Billion | +14.31% |
| 2019-03-31 | $3.69 Billion | +8.32% |
| 2018-03-31 | $3.41 Billion | +30.12% |
| 2017-03-31 | $2.62 Billion | +16.36% |
| 2016-03-31 | $2.25 Billion | +19.48% |
| 2015-03-31 | $1.88 Billion | +23.37% |
| 2014-03-31 | $1.53 Billion | +24.25% |
| 2013-03-31 | $1.23 Billion | +18.67% |
| 2012-03-31 | $1.04 Billion | +4.31% |
| 2011-03-31 | $993.02 Million | +22.16% |
| 2010-03-31 | $812.91 Million | +13.28% |
| 2009-03-31 | $717.63 Million | -5.38% |
| 2008-03-31 | $758.43 Million | +5.62% |
| 2007-03-31 | $718.10 Million | +3.23% |
| 2006-03-31 | $695.60 Million | +24.15% |
| 2005-03-31 | $560.29 Million | +15.59% |
| 2004-03-31 | $484.70 Million | +61.17% |
| 2003-03-31 | $300.74 Million | -28.85% |
| 2002-03-31 | $422.66 Million | +63.89% |
| 2001-03-31 | $257.89 Million | -55.94% |
| 2000-03-31 | $585.29 Million | -4.99% |
| 1999-03-31 | $616.02 Million | +3.52% |
| 1998-03-31 | $595.06 Million | -1.21% |
| 1997-03-31 | $602.32 Million | -7.92% |
| 1996-03-31 | $654.12 Million | -4.76% |
| 1995-03-31 | $686.78 Million | +5.37% |
| 1994-03-31 | $651.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to U-Haul Holding Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1439.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.93 Billion | 105.78% |
| Common Stock | $10.67 Million | 0.14% |
| Other Comprehensive Income | $-229.31 Million | -3.06% |
| Total Equity | $7.50 Billion | 100.00% |
U-Haul Holding Company Competitors by Market Cap
The table below lists competitors of U-Haul Holding Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Herbalife Nutrition Ltd
NYSE:HLF
|
$1.20 Billion |
|
Judo Capital Holdings Ltd
AU:JDO
|
$1.20 Billion |
|
FERRETTI S.P.A. O.N.
F:F3T1
|
$1.20 Billion |
|
Pennant Group Inc
NASDAQ:PNTG
|
$1.20 Billion |
|
NAVIGATOR HLDGS LTD
F:1NV
|
$1.20 Billion |
|
Sun Art Retail Group Limited
F:SRI
|
$1.20 Billion |
|
North Long Dragon New Materials Technology Co. Ltd. A
SHE:301357
|
$1.20 Billion |
|
Zhejiang Great Southeast Co Ltd
SHE:002263
|
$1.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in U-Haul Holding Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,172,445,000 to 7,498,143,000, a change of 325,698,000 (4.5%).
- Net income of 331,796,000 contributed positively to equity growth.
- Dividend payments of 35,294,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,098,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $331.80 Million | +4.43% |
| Dividends Paid | $35.29 Million | -0.47% |
| Other Comprehensive Income | $-6.10 Million | -0.08% |
| Other Changes | $35.29 Million | +0.47% |
| Total Change | $- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares U-Haul Holding Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.35x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-03-31 | $1.69 | $61.27 | x |
| 1995-03-31 | $1.80 | $61.27 | x |
| 1996-03-31 | $1.82 | $61.27 | x |
| 1997-03-31 | $2.36 | $61.27 | x |
| 1998-03-31 | $2.72 | $61.27 | x |
| 1999-03-31 | $2.81 | $61.27 | x |
| 2000-03-31 | $2.62 | $61.27 | x |
| 2001-03-31 | $2.86 | $61.27 | x |
| 2002-03-31 | $2.37 | $61.27 | x |
| 2003-03-31 | $1.57 | $61.27 | x |
| 2004-03-31 | $2.43 | $61.27 | x |
| 2005-03-31 | $2.75 | $61.27 | x |
| 2006-03-31 | $33.35 | $61.27 | x |
| 2007-03-31 | $34.46 | $61.27 | x |
| 2008-03-31 | $38.42 | $61.27 | x |
| 2009-03-31 | $37.09 | $61.27 | x |
| 2010-03-31 | $41.93 | $61.27 | x |
| 2011-03-31 | $51.10 | $61.27 | x |
| 2012-03-31 | $53.18 | $61.27 | x |
| 2013-03-31 | $62.98 | $61.27 | x |
| 2014-03-31 | $78.09 | $61.27 | x |
| 2015-03-31 | $9.62 | $61.27 | x |
| 2016-03-31 | $11.49 | $61.27 | x |
| 2017-03-31 | $13.38 | $61.27 | x |
| 2018-03-31 | $17.40 | $61.27 | x |
| 2019-03-31 | $18.85 | $61.27 | x |
| 2020-03-31 | $215.30 | $61.27 | x |
| 2021-03-31 | $24.74 | $61.27 | x |
| 2022-03-31 | $30.36 | $61.27 | x |
| 2023-03-31 | $33.17 | $61.27 | x |
| 2024-03-31 | $36.58 | $61.27 | x |
| 2025-03-31 | $38.24 | $61.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently U-Haul Holding Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.69%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.73x
- Recent ROE (4.43%) is below the historical average (10.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 6.17% | 3.54% | 0.48x | 3.60x | $-24.99 Million |
| 1995 | 8.74% | 4.69% | 0.49x | 3.79x | $-8.65 Million |
| 1996 | 9.30% | 4.62% | 0.46x | 4.35x | $-4.56 Million |
| 1997 | 8.61% | 3.74% | 0.51x | 4.51x | $-8.37 Million |
| 1998 | 5.88% | 2.57% | 0.47x | 4.90x | $-24.52 Million |
| 1999 | 10.15% | 4.02% | 0.50x | 5.01x | $906.50K |
| 2000 | 10.80% | 3.64% | 0.56x | 5.34x | $4.65 Million |
| 2001 | -7.19% | -2.18% | 0.60x | 5.50x | $-105.77 Million |
| 2002 | -9.50% | -2.16% | 0.58x | 7.56x | $-97.35 Million |
| 2003 | -7.63% | -1.17% | 0.56x | 11.62x | $-57.73 Million |
| 2004 | -0.57% | -0.13% | 0.64x | 6.70x | $-53.24 Million |
| 2005 | 15.61% | 4.45% | 0.65x | 5.42x | $32.14 Million |
| 2006 | 17.42% | 5.75% | 0.63x | 4.84x | $51.59 Million |
| 2007 | 12.61% | 4.51% | 0.57x | 4.91x | $18.74 Million |
| 2008 | 8.94% | 3.41% | 0.52x | 5.05x | $-8.06 Million |
| 2009 | 1.87% | 0.69% | 0.51x | 5.33x | $-58.35 Million |
| 2010 | 8.07% | 3.36% | 0.52x | 4.63x | $-15.67 Million |
| 2011 | 18.49% | 8.15% | 0.54x | 4.21x | $84.27 Million |
| 2012 | 19.83% | 8.18% | 0.54x | 4.49x | $101.78 Million |
| 2013 | 21.53% | 10.35% | 0.48x | 4.32x | $141.78 Million |
| 2014 | 22.42% | 12.08% | 0.47x | 3.93x | $189.65 Million |
| 2015 | 18.93% | 11.60% | 0.45x | 3.65x | $168.31 Million |
| 2016 | 21.72% | 14.93% | 0.40x | 3.62x | $263.86 Million |
| 2017 | 15.21% | 11.64% | 0.36x | 3.59x | $136.45 Million |
| 2018 | 23.19% | 21.95% | 0.34x | 3.15x | $449.71 Million |
| 2019 | 10.04% | 9.84% | 0.32x | 3.22x | $1.62 Million |
| 2020 | 10.47% | 11.11% | 0.30x | 3.18x | $19.98 Million |
| 2021 | 12.59% | 13.45% | 0.31x | 3.02x | $125.67 Million |
| 2022 | 18.87% | 19.57% | 0.33x | 2.91x | $528.04 Million |
| 2023 | 13.69% | 15.19% | 0.32x | 2.78x | $240.33 Million |
| 2024 | 8.32% | 10.61% | 0.30x | 2.66x | $-120.30 Million |
| 2025 | 4.43% | 5.69% | 0.28x | 2.73x | $-418.02 Million |
Industry Comparison
This section compares U-Haul Holding Company's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $988,002,837
- Average return on equity (ROE) among peers: -37.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| U-Haul Holding Company (UHAL) | $7.74 Billion | 6.17% | 1.79x | $1.20 Billion |
| AerCap Holdings NV (AER) | $1.13 Billion | 13.48% | 3.81x | $21.92 Billion |
| Senmiao Technology Ltd (AIHS) | $2.57 Million | -402.71% | 7.67x | $5.97 Million |
| Air Lease Corporation (AL) | $5.62 Billion | 10.44% | 2.86x | $7.24 Billion |
| Alta Equipment Group Inc (ALTG) | $263.45 Million | 0.00% | 0.00x | $208.88 Million |
| TOUAX (ALTOU) | $120.80 Million | 4.85% | 2.92x | $29.99 Million |
| Avis Budget Group Inc (CAR) | $109.40 Million | -10.33% | 0.98x | $5.34 Billion |
| Custom Truck One Source Inc (CTOS) | $888.44 Million | 4.38% | 2.31x | $2.20 Billion |
| FlexShopper Inc (FPAY) | $9.97 Million | 5.79% | 4.24x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $713.50 Million | 1.09% | 0.97x | $28.35 Billion |
| GATX Corporation (GATX) | $1.02 Billion | -1.40% | 4.13x | $6.15 Billion |
About U-Haul Holding Company
U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. It operates through three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. It rents trucks, trailers, fixed and portable moving and storage units, specialty rental items, and self-storage spaces primarily to the house… Read more