UHAL Amerco margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 35

Gross margin

35.9%

Operating margin

7.7%

EBITDA margin

28.1%

Net margin

1.5%

At present, Amerco reports a gross margin of 35.9%, an operating margin of 7.7%, an EBITDA margin of 28.1%, and a net margin of 1.5%. Each available margin weakened from the same period last year. Net margin recorded the strongest contraction, falling by 2.4 percentage points.

UHAL margin history

Gross, operating, EBITDA and net margin trends

Amerco's margins averaged 36.59% gross, 11.84% operating, 30.52% EBITDA, and 5.91% net over the last 3 years. At present, all four current margins are below their three-year averages.

UHAL margin expansion

Year-over-year margin changes in percentage points

Net margin led the decline, falling by 2.4 percentage points, while the other available margins also decreased.

Gross margin expansion

-1.1pp

Operating margin expansion

-2.1pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-2.4pp

UHAL Gross margin

Over the last 3 years, Amerco's gross margin averaged 36.59%. Right now, Amerco's current gross margin is 35.9%, which is 0.7 percentage points below its three-year average. During this period, gross margin reached a high of 38.2% in Dec 2023 and a low of 35.8% in Jun 2026.

UHAL Operating margin

Looking back over the last 3 years, Amerco recorded an average operating margin of 11.84%. Amerco's current operating margin is 7.7% and is 4.1 percentage points below its three-year average. The highest operating margin for Amerco was 19.8% in Dec 2023, while the lowest was 7% in Jun 2026.

UHAL EBITDA margin

Looking back over the last 3 years, Amerco recorded an average EBITDA margin of 30.52%. Amerco's current EBITDA margin is 28.1% and is 2.4 percentage points below its three-year average. The highest EBITDA margin for Amerco was 34.5% in Mar 2024, while the lowest was 27.5% in Dec 2025.

UHAL Net margin

Across the last 3 years, Amerco's net margin averaged 5.91%. The current net margin stands at 1.5%, 4.4 percentage points below its three-year average. Net margin was highest at 11.7% in Dec 2023 and lowest at 1% in Jun 2026.

UHAL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 35.9%, UHAL stands higher than the Industrials sector, the industry and its peers average. Looking at the Industrials sector average of 32.4%, Amerco's gross margin is 11% higher.

UHAL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Amerco's gross margin?

For the period ending Sep 30, 2026, UHAL recorded a gross margin of 35.9%.

What is Amerco's operating margin?

For the period ending Sep 30, 2026, UHAL recorded an operating margin of 7.7%.

What is Amerco's EBITDA margin?

As of Sep 30, 2026, UHAL has an EBITDA margin of 28.1%.

What is Amerco's net margin?

For the period ending Sep 30, 2026, UHAL recorded a net margin of 1.5%.

What are the average margins of UHAL?

Across the last 3 years, UHAL averaged 36.6% gross, 11.8% operating, 30.5% EBITDA, and 5.9% net.

What are the highest historical margins of UHAL?

In the last 5 years, the highest margins reported by UHAL were 46.7% gross in Dec 2021, 28.9% operating in Dec 2021, 41.2% EBITDA in Mar 2022, and 19.8% net in Dec 2021.

What are the lowest historical margins of UHAL?

Across the 5-year period, UHAL posted its lowest margins at 35.8% gross in Jun 2026, 7% operating in Jun 2026, 27.5% EBITDA in Dec 2025, and 1% net in Jun 2026.