U-Haul's annual profit plunged as fleet depreciation and disposal losses piled up

Net earnings fell to $83.1 million from $367.1 million as rental truck depreciation rose by $186.6 million and disposal losses hit $117.6 million for the year

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Fleet depreciation and equipment disposal losses hammered U-Haul Holding Company's bottom line in fiscal 2026, with annual net earnings collapsing to $83.1 million for the twelve months through March 31, 2026, compared with $367.1 million the year before.

On the top line, self-moving equipment rental revenues climbed $86.4 million, or 2.3%, and self-storage revenues added $74.5 million, or 8.3%, lifting total consolidated revenue to $6.04........

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