CluenexU-Haul (Series N) UHAL.B
U-Haul (Series N) scores weak on business quality (3.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What U-Haul (Series N) does
U-Haul Holding Co rents trucks, trailers, and self-storage units to moving households, generating revenue from daily rentals and storage fees paid directly by consumers. Heavy capital spending on fleet expansion and storage real estate drives its ongoing network investments.
- What it does best
U-Haul dominates DIY consumer moving through an unmatched physical network of thousands of independent dealers and company-owned locations. This massive footprint creates dense geographic coverage that new entrants cannot easily replicate.
- The main risk
Heavy capital expenditure keeps free cash flow deeply negative at negative $1.2B, forcing reliance on debt financing to fund fleet renewals and storage expansion while interest coverage sits at just 1.4x.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 8.5% with a net margin of 1.0%, reflecting heavy cost pressures from fleet maintenance and capital spending that compress profitability despite strong top-line scale.
Scale forms its primary moat, locking in retail consumers through ubiquitous neighborhood locations that place physical rental assets closer to customers than any competitor can match.
Revenue grew 3.6% to $6.1B, marking a modest recovery from prior stagnation but trailing historical peaks as heavy fleet investments struggle to accelerate top-line momentum meaningfully.
Total debt of $8.1B outweighs cash reserves of $1.1B, while interest coverage of 1.4x leaves little buffer as free cash flows remain deeply negative at negative $1.2B, pointing to a softening balance-sheet reality.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on UHAL.B
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
U-Haul (Series N) scores weak on the Cluenex quality check (3.3 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See UHAL.B today
- Today's verdict on UHAL.B, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “U-Haul (Series N) (UHAL.B)”, https://cluenex.com/stocks/uhal.b/, data as of Oct 10, 2026.