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 U-Haul Holding Company liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore UHAL current and non-current assets for the complete picture of this company's asset base.
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 |
|---|---|
|
Elopak AS
OL:ELO
|
$1.01 Billion |
|
Anhui Gujing Distillery Co Ltd
SHE:200596
|
$1.01 Billion |
|
SFL Corporation Ltd
F:UG6
|
$1.01 Billion |
|
AirAsia X Bhd
KLSE:5238
|
$1.01 Billion |
|
NanJing Pharmaceutical Co Ltd
SHG:600713
|
$1.01 Billion |
|
Penguin Solutions, Inc.
NASDAQ:PENG
|
$1.01 Billion |
|
Xi'an Manareco New Materials Co.Ltd
SHG:688550
|
$1.01 Billion |
|
BKI Investment Company Ltd
AU:BKI
|
$1.01 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: 1.35x
- 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 30.61x to 1.35x 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 | $51.60 | x |
| 1995-03-31 | $1.80 | $51.60 | x |
| 1996-03-31 | $1.82 | $51.60 | x |
| 1997-03-31 | $2.36 | $51.60 | x |
| 1998-03-31 | $2.72 | $51.60 | x |
| 1999-03-31 | $2.81 | $51.60 | x |
| 2000-03-31 | $2.62 | $51.60 | x |
| 2001-03-31 | $2.86 | $51.60 | x |
| 2002-03-31 | $2.37 | $51.60 | x |
| 2003-03-31 | $1.57 | $51.60 | x |
| 2004-03-31 | $2.43 | $51.60 | x |
| 2005-03-31 | $2.75 | $51.60 | x |
| 2006-03-31 | $33.35 | $51.60 | x |
| 2007-03-31 | $34.46 | $51.60 | x |
| 2008-03-31 | $38.42 | $51.60 | x |
| 2009-03-31 | $37.09 | $51.60 | x |
| 2010-03-31 | $41.93 | $51.60 | x |
| 2011-03-31 | $51.10 | $51.60 | x |
| 2012-03-31 | $53.18 | $51.60 | x |
| 2013-03-31 | $62.98 | $51.60 | x |
| 2014-03-31 | $78.09 | $51.60 | x |
| 2015-03-31 | $9.62 | $51.60 | x |
| 2016-03-31 | $11.49 | $51.60 | x |
| 2017-03-31 | $13.38 | $51.60 | x |
| 2018-03-31 | $17.40 | $51.60 | x |
| 2019-03-31 | $18.85 | $51.60 | x |
| 2020-03-31 | $215.30 | $51.60 | x |
| 2021-03-31 | $24.74 | $51.60 | x |
| 2022-03-31 | $30.36 | $51.60 | x |
| 2023-03-31 | $33.17 | $51.60 | x |
| 2024-03-31 | $36.58 | $51.60 | x |
| 2025-03-31 | $38.24 | $51.60 | 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: $615,011,443
- Average return on equity (ROE) among peers: -50.05%
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 | $1.01 Billion |
| AerCap Holdings NV (AER) | $782.94 Million | 13.92% | 4.00x | $22.94 Billion |
| Senmiao Technology Ltd (AIHS) | $1.47 Million | -589.08% | 9.62x | $5.47 Million |
| Air Lease Corporation (AL) | $2.52 Billion | 7.55% | 2.70x | $7.24 Billion |
| Alta Equipment Group Inc (ALTG) | $149.70 Million | 5.95% | 9.49x | $214.04 Million |
| TOUAX (ALTOU) | $120.80 Million | 4.85% | 2.92x | $28.40 Million |
| Avis Budget Group Inc (CAR) | $34.90 Million | 8.02% | 1.28x | $6.55 Billion |
| Custom Truck One Source Inc (CTOS) | $-12.13 Million | 0.00% | 0.00x | $1.45 Billion |
| FlexShopper Inc (FPAY) | $398.07K | 35.64% | 0.39x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $713.50 Million | 1.09% | 0.97x | $24.61 Billion |
| GATX Corporation (GATX) | $1.84 Billion | 11.51% | 3.62x | $6.84 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