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The Moat Index

U-HAUL HOLDING COMPANY

UHAL · Consumer Discretionary · FY2026 filings · No moat ·

Doesn't clear the bar

17/ 100
No moat

The four filters

Pricing power0

Median gross margin -180.8% over 10y, variable.

Returns on capital26

Median ROIC 7.7%, above the 9% hurdle in 40% of years.

Balance-sheet safety0

Net debt/EBITDA 16.2x, interest coverage 1x.

Capital discipline44

Owner earnings trend unclear, share count flat.

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$71.30
Discount to value
No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

U-HAUL HOLDING COMPANY booked $761.5M of revenue in FY2026 in the Consumer Discretionary sector and kept 67.6% of it as gross profit — a high-margin business by that measure. After every other cost, 10.9% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $2.0B (FY2010) to $761.5M (FY2026) — about −5.9% a year compounded over 16 years.

It earned 2.2% on invested capital in FY2026, with a median of 13.5% across 17 filed years. The Returns on Capital filter above scores it 26/100.

The balance sheet carried $8.1B of total debt in FY2026. Balance-Sheet Safety scores it 0/100.

The share count has held roughly flat between FY2011 and FY2022. Capital Discipline scores it 44/100.

Put together: Capital Discipline is the strongest of the four filters (44/100) and Pricing Power the weakest (0/100), which is how UHAL lands at 17/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2009–FY2026 · 18 fiscal years, normalized from UHAL’s SEC filings

RevenueSales, as filed$761.5M FY2026
$0$2B2009201520212026
Gross marginRevenue kept after cost of goods67.6% FY2026
−500%0%2009201520212026
Return on invested capitalOperating profit on the capital employed2.2% FY2026
0%20%40%2009201520212026
Owner earningsCash an owner could take out−$3.1B FY2026
−$2B$02009201520212026

Gaps in a line mean that item isn’t in UHAL’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

3 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale16.5 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — UHAL has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#313 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #311EVH Evolent Health, Inc.16.9No moat
  2. #312AIRI AIR INDUSTRIES GROUP16.8No moat
  3. #314CVS CVS HEALTH Corp16.5No moat
  4. #315DBGI DIGITAL BRANDS GROUP, INC.16.4No moat

Compare UHAL with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about UHAL

Does U-HAUL HOLDING COMPANY have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores U-HAUL HOLDING COMPANY (UHAL) 16.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 0, returns on capital 26, balance-sheet safety 0, capital discipline 44.
How has UHAL's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 16.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell UHAL. See the disclaimer.

U-HAUL HOLDING COMPANY (UHAL) Moat Score — The Moat Index · Buy Like Buffett