Company profile

Edward Joe Shoen
Incorporated in
Fiscal year end
IRS number

UHAL stock data



6 Nov 19
20 Nov 19
31 Mar 20


Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 1.15B 1.08B 725.53M 919.09M
Net income 156.33M 132.42M 831K 78.64M
Net profit margin 13.59% 12.27% 0.11% 8.56%
Operating income 244.74M 213.87M 27.24M 138.1M
Net change in cash 5.4M -153.87M -310.68M 331.95M
Cash on hand 525.23M 519.83M 673.7M 984.39M
Cost of revenue 43.93M 48.93M 31.71M 34.15M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 3.77B 3.6B 3.42B 3.28B
Net income 370.86M 790.58M 398.42M 489M
Net profit margin 9.84% 21.95% 11.64% 14.93%
Operating income 620.99M 765.25M 743.17M 866.63M
Net change in cash -85.69M 61.58M 97.16M 158.8M
Cash on hand 673.7M 759.39M 697.81M 600.65M
Cost of revenue 162.14M 160.49M 152.49M 144.99M

Financial data from Amerco earnings reports

Financial report summary

  • We operate in a highly competitive industry.
  • Economic conditions, including those related to the credit markets, may adversely affect our industry, business and results of operations.
  • Our fleet rotation program can be adversely affected by financial market conditions.
  • We obtain our rental trucks from a limited number of manufacturers.
  • A substantial amount of our shares is owned by a small contingent of stockholders.
  • Our operations subject us to numerous environmental regulations and the possibility that environmental liability in the future could adversely affect our operations.
  • A significant portion of our revenues are generated through third-parties.
  • We face liability risks associated with the operation of our rental fleet, sales of our products and operation of our locations.
  • Terrorist attacks could negatively impact our operations and profitability and may expose us to liability and reputational damage.
  • A.M. Best financial strength ratings are crucial to our life insurance business.
  • We may incur losses due to our reinsurers’ or counterparties’ failure to perform under existing contracts or we may be unable to secure sufficient reinsurance or hedging protection in the future.
Management Discussion
  • Self-moving equipment rental revenues increased $172.4 million during fiscal 2019, compared with fiscal 2018. During fiscal 2019 we expanded the number of Company-owned locations along with independent dealers, and increased the number of trucks, trailers and towing devices in our rental fleet.  In the third and fourth quarters we saw revenue improvements in our corporate account business.  Revenue and transactions for both the One-way and in-town markets improved compared to fiscal 2018.
  • Self-storage revenues increased $43.4 million during fiscal 2019, compared with fiscal 2018.  The average monthly amount of occupied square feet increased by 12.0% during fiscal 2019 compared with the same period last year.  The growth in revenues and square feet rented comes from a combination of improved rates per square foot, occupancy gains at existing locations and from the addition of new facilities to the portfolio. Over the last twelve months, we added approximately 5.3 million net rentable square feet, a 17.0% increase, with approximately 1.5 million of that coming on during the fourth quarter of fiscal 2019.
  • The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated financial statements represent Company-owned locations only. Self-storage data for our owned storage locations follows:
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