What is Universal Logistics Holdings, Inc.'s earnings per share (EPS)?

Universal Logistics Holdings, Inc. (ULH) reported diluted earnings per share of -$3.79 for fiscal year 2025. This represents a -176.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Universal Logistics Holdings, Inc. (ULH) Financials

ULH

Trailing 12 months to July 4, 2026

Revenue $1.5B -8.3% YoY

Net Income -$91.5M -249.9% YoY

EPS (Diluted) -$3.48 -250.0% YoY

Free Cash Flow $36.7M +154.9% YoY

Market Cap $497.0M as of Sep 15, 2026

Price / Sales 0.3x on $1.5B revenue, trailing 12 months to July 4, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to July 4, 2026

Price / Book 0.9x on $561.0M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 4, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ULH SEC filings page.

Universal Logistics Holdings, Inc. (ULH) reported $1.5B in revenue over the twelve months to Jul 4, 2026, down 8.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ULH FY2025 2026-08-29

Capital-intensive reinvestment is absorbing cash as revenue contracts, weakening margins and increasing balance-sheet pressure.

The 2025 loss did not equal an operating cash shortfall: operating cash flow was $183M while net income was -$99.9M, indicating noncash charges materially separated cash generation from reported earnings. Yet capital spending of $224M exceeded operating cash flow, leaving free cash flow at -$41.1M; reinvestment consumed more cash than operations produced.

The downturn was not just lower sales: revenue fell to $1.56B in FY2025, while operating margin turned negative. The margin swing from 11.0% to -4.1% shows costs did not flex down with the contraction.

Financing capacity also tightened: long-term debt rose to $683M in FY2025, while the current ratio slipped to 1.2x, leaving less short-term cushion alongside greater leverage. Interest expense rose from $34.5M to $49.0M, adding pressure as operating income turned negative.

Financial Health Signals

Financial Health Score 27/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Universal Logistics Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Universal Logistics Holdings, Inc. has an operating margin of -4.1%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 42/100. This is down from 11.0% the prior year.

Growth

Universal Logistics Holdings, Inc.'s revenue declined 15.6% year-over-year, from $1.8B to $1.6B. This contraction results in a growth score of 20/100.

Leverage

Universal Logistics Holdings, Inc. has elevated debt relative to equity (D/E of 1.26), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.

Liquidity

Universal Logistics Holdings, Inc.'s current ratio of 1.20 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Universal Logistics Holdings, Inc. generated $183.0M in operating cash flow, capex of $224.2M consumed most of it, leaving -$41.1M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Universal Logistics Holdings, Inc. posts a -18.5% return on equity (ROE), meaning it loses $18 for every $100 of shareholders' equity. This results in a returns score of 45/100. This is down from 20.1% the prior year.

Altman Z-Score Distress

1.45

Universal Logistics Holdings, Inc. scores 1.45, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

Universal Logistics Holdings, Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Universal Logistics Holdings, Inc. reported a net loss of $99.9M while generating $183.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Universal Logistics Holdings, Inc. reported an operating loss of $64.3M against $49.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$379.3M

YoY-4.4%

QoQ+3.2%

5Y CAGR+8.0%

10Y CAGR+2.3%

Universal Logistics Holdings, Inc. generated $379.3M in revenue in Q3 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.

EBITDA

$78.3M

YoY+195.6%

QoQ+93.8%

5Y CAGR+21.7%

10Y CAGR+10.9%

Universal Logistics Holdings, Inc.'s EBITDA was $78.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 195.6% from the same quarter a year earlier. Against the prior quarter it is up 93.8%.

Net Income

$26.2M

YoY+122.2%

QoQ+845.8%

5Y CAGR+33.5%

10Y CAGR+9.5%

Universal Logistics Holdings, Inc. reported $26.2M in net income in Q3 2026. This represents an increase of 122.2% from the same quarter a year earlier. Against the prior quarter it is up 845.8%.

EPS (Diluted)

$0.99

YoY+122.1%

QoQ+861.5%

5Y CAGR+33.9%

10Y CAGR+11.0%

Universal Logistics Holdings, Inc. earned $0.99 per diluted share (EPS) in Q3 2026. This represents an increase of 122.1% from the same quarter a year earlier. Against the prior quarter it is up 861.5%.

Cash & Balance Sheet

Free Cash Flow

$27.1M

YoY+194.9%

QoQ+13.9%

5Y CAGR-18.1%

10Y CAGR+11.0%

Universal Logistics Holdings, Inc. generated $27.1M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 194.9% from the same quarter a year earlier. Against the prior quarter it is up 13.9%.

Cash & Debt

$20.3M

YoY-25.8%

QoQ+13.3%

5Y CAGR+20.6%

10Y CAGR+9.8%

Universal Logistics Holdings, Inc. held $20.3M in cash against $594.1M in long-term debt as of Q3 2026.

Dividends Per Share

$0.10

YoY0.0%

QoQ0.0%

Universal Logistics Holdings, Inc. paid $0.10 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

26M

YoY+0.1%

QoQ0.0%

5Y CAGR-0.4%

10Y CAGR-1.3%

Universal Logistics Holdings, Inc. had 26M shares outstanding in Q3 2026. This represents an increase of 0.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Operating Margin

11.9%

YoY+41.5pp

QoQ+10.6pp

5Y change+7.7pp

10Y change+5.7pp

Universal Logistics Holdings, Inc.'s operating margin was 11.9% in Q3 2026, reflecting core business profitability. This is up 41.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.6 percentage points.

Net Margin

6.9%

YoY+36.6pp

QoQ+7.9pp

5Y change+4.5pp

10Y change+3.4pp

Universal Logistics Holdings, Inc.'s net profit margin was 6.9% in Q3 2026, showing the share of revenue converted to profit. This is up 36.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.

Return on Equity

4.7%

YoY+26.7pp

QoQ+5.3pp

5Y change+1.8pp

10Y change-3.0pp

Universal Logistics Holdings, Inc.'s ROE was 4.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 26.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.3 percentage points.

Gross Margin

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

$13.3M

YoY-75.6%

QoQ+39.1%

5Y CAGR+6.8%

10Y CAGR-3.8%

Universal Logistics Holdings, Inc. invested $13.3M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 75.6% from the same quarter a year earlier. Against the prior quarter it is up 39.1%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

ULH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ULH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.5B	$1.6B-15.6%	$1.8B+11.1%	$1.7B-17.5%	$2.0B+15.1%	$1.8B+25.9%	$1.4B-8.0%	$1.5B+3.4%	$1.5B+20.1%	$1.2B+13.4%	$1.1B-5.0%	$1.1B-5.3%	$1.2B+15.3%	$1.0B-0.3%	$1.0B+4.7%	$990.7M
SG&A Expenses	$57.6M	$54.2M-5.0%	$57.0M+13.6%	$50.2M+2.6%	$48.9M+16.4%	$42.0M+26.4%	$33.3M-25.2%	$44.5M+41.2%	$31.5M0.0%	$31.5M-18.0%	$38.4M+2.4%	$37.5M-11.1%	$42.2M+27.7%	$33.0M-19.7%	$41.2M+37.8%	$29.9M
Operating Income	-$50.0M	-$64.3M-131.7%	$203.1M+39.6%	$145.4M-39.5%	$240.4M+133.5%	$103.0M+28.1%	$80.4M+22.9%	$65.4M-22.0%	$83.8M+232.3%	$25.2M-45.9%	$46.6M-36.5%	$73.4M-9.2%	$80.8M-4.3%	$84.5M+22.2%	$69.2M+4.7%	$66.1M
EBITDA	N/A	$81.9M-75.0%	$327.3M+47.1%	$222.5M-29.8%	$317.1M+86.0%	$170.5M+10.4%	$154.5M+10.2%	$140.1M+1.4%	$138.2M+91.4%	$72.2M-13.3%	$83.3M-23.1%	$108.3M-4.9%	$113.9M+9.3%	$104.2M+19.2%	$87.4M+4.3%	$83.8M
Interest Expense	$51.7M	$49.0M+42.2%	$34.5M+42.4%	$24.2M+48.6%	$16.3M+39.9%	$11.6M-20.4%	$14.6M-14.4%	$17.1M+16.5%	$14.7M+53.8%	$9.5M+15.4%	$8.3M-10.5%	$9.2M+12.2%	$8.2M+97.5%	$4.2M-1.4%	$4.2M+88.5%	$2.2M
Income Tax	$2.2M	-$139K-100.3%	$43.8M+39.6%	$31.4M-44.7%	$56.8M+128.5%	$24.8M+57.5%	$15.8M+25.2%	$12.6M-26.8%	$17.2M+256.3%	-$11.0M-172.6%	$15.2M-39.4%	$25.0M-9.8%	$27.7M-8.6%	$30.3M+49.7%	$20.3M+42.6%	$14.2M
Net Income	-$91.5M	-$99.9M-176.9%	$129.9M+39.8%	$92.9M-44.9%	$168.6M+128.7%	$73.7M+53.2%	$48.1M+28.1%	$37.6M-28.0%	$52.2M+85.3%	$28.2M+16.1%	$24.2M-39.4%	$40.0M-11.8%	$45.4M-10.3%	$50.6M+6.0%	$47.7M-7.3%	$51.4M
EPS (Basic)	N/A	-$3.79-176.7%	$4.94+39.9%	$3.53-44.6%	$6.37+132.5%	$2.74+53.9%	$1.78+32.8%	$1.34-27.2%	$1.84+85.9%	$0.99+16.5%	$0.85-38.0%	$1.37-9.3%	$1.51-10.1%	$1.68+5.7%	$1.59-7.0%	$1.71
EPS (Diluted)	-$3.48	-$3.79-176.9%	$4.93+39.7%	$3.53-44.6%	$6.37+132.5%	$2.74+53.9%	$1.78+32.8%	$1.34-27.2%	$1.84+85.9%	$0.99+16.5%	$0.85-38.0%	$1.37-9.3%	$1.51-10.1%	$1.68+5.7%	$1.59	$1.71
Diluted Shares (Avg)	N/A	26M0.0%	26M+0.2%	26M-0.7%	26M-1.6%	27M-0.3%	27M-3.8%	28M-1.1%	28M-0.1%	28M+0.1%	28M-2.8%	29M-2.7%	30M-0.4%	30M+0.4%	30M	30M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q/A	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q/A
Revenue	$379.3M-4.4%	$367.6M-6.7%	$385.4M-17.1%	$396.8M-7.0%	$393.8M-14.8%	$382.4M-22.3%	$465.1M+19.0%	$426.8M+1.3%
SG&A Expenses	$16.0M+17.6%	$14.6M+4.1%	$13.3M-15.4%	$13.6M+4.5%	$14.0M-4.6%	$13.2M-2.3%	$15.8M+40.4%	$13.0M-4.4%
Operating Income	$45.1M+138.4%	$4.8M-76.0%	$17.5M-54.3%	-$117.4M-375.4%	$19.9M-57.8%	$15.7M-79.1%	$38.3M+12.3%	$42.6M+16.0%
EBITDA	$78.3M+195.6%	$40.4M-27.9%	$56.5M-24.3%	-$81.9M-212.3%	$56.1M-33.1%	$51.2M-46.6%	$74.7M+38.1%	$72.9M+29.9%
Interest Expense	$13.1M+2.0%	$12.3M+6.4%	$13.4M+13.5%	$12.8M+50.2%	$11.6M+48.7%	$11.2M+77.1%	$11.8M+91.0%	$8.5M+30.7%
Income Tax	$8.4M+197.3%	-$1.1M-139.1%	$3.6M-49.5%	-$8.6M-199.3%	$2.9M-72.3%	$2.0M-88.6%	$7.1M-1.8%	$8.7M+11.2%
Net Income	$26.2M+122.2%	-$3.5M-142.2%	$3.7M-81.5%	-$117.9M-544.4%	$8.3M-72.9%	$6.0M-88.5%	$20.2M-5.8%	$26.5M+15.2%
EPS (Basic)	$0.99+122.1%	-$0.13-140.6%	$0.15-80.5%	-$4.48-543.6%	$0.32-72.6%	$0.23-88.4%	$0.77-4.9%	$1.01+14.8%
EPS (Diluted)	$0.99+122.1%	-$0.13-140.6%	$0.14-81.6%	-$4.48-543.6%	$0.32-72.6%	$0.23-88.4%	$0.76-6.2%	$1.01+14.8%
Diluted Shares (Avg)	26M+0.1%	26M0.0%	N/A	26M0.0%	26M0.0%	26M+0.1%	N/A	26M+0.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

ULH Balance Sheet

ULH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.8B-0.8%	$1.8B+42.5%	$1.3B+4.1%	$1.2B+5.8%	$1.1B+7.0%	$1.1B+6.8%	$995.4M+18.1%	$843.1M+38.1%	$610.6M+7.0%	$570.5M+13.4%	$503.2M-4.9%	$529.0M+7.9%	$490.1M+49.7%	$327.4M+3.6%	$315.8M
Current Assets	$382.8M-6.6%	$409.8M+12.1%	$365.5M-20.5%	$459.7M+9.3%	$420.7M+30.8%	$321.5M+18.3%	$271.8M-1.2%	$275.3M+20.4%	$228.7M+10.2%	$207.5M+2.3%	$202.8M-6.2%	$216.3M+6.3%	$203.4M+20.3%	$169.1M-1.7%	$172.0M
Cash & Equivalents	$26.8M+38.7%	$19.4M+54.7%	$12.5M-73.5%	$47.2M+238.7%	$13.9M+59.0%	$8.8M+13.4%	$7.7M+34.9%	$5.7M+242.5%	$1.7M-4.7%	$1.8M-86.4%	$12.9M+61.6%	$8.0M-21.7%	$10.2M+300.3%	$2.6M-53.7%	$5.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$15.1M+5.5%	$14.4M+6.9%	$13.4M-6.1%	$14.3M+23.1%	$11.6M+16.7%	$10.0M-38.0%	$16.1M
Inventory	$9.9M+19.6%	$8.3M-33.3%	$12.4M+9.2%	$11.4M-19.4%	$14.1M+70.4%	$8.3M+15.5%	$7.2M+6.1%	$6.8M+26.4%	$5.3M-38.0%	$8.6M-0.1%	$8.6M+4.5%	$8.3M+127.6%	$3.6M	N/A	N/A
Accounts Receivable	$261.3M-11.0%	$293.6M+2.0%	$287.9M-17.9%	$350.7M+2.7%	$341.4M+31.7%	$259.2M+23.1%	$210.5M-2.5%	$216.0M+26.3%	$171.0M+18.2%	$144.7M+2.4%	$141.3M-6.5%	$151.1M+14.5%	$132.0M+11.0%	$118.9M+5.4%	$112.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$105.6M-48.9%	$206.8M+21.1%	$170.7M0.0%	$170.7M0.0%	$170.7M0.0%	$170.7M+1.4%	$168.5M+16.1%	$145.2M+94.9%	$74.5M0.0%	$74.5M0.0%	$74.5M0.0%	$74.5M-0.1%	$74.6M+315.2%	$18.0M+1.4%	$17.7M
Total Liabilities	$1.2B+8.1%	$1.1B+58.0%	$721.3M-4.7%	$756.7M-9.4%	$835.3M+1.4%	$823.5M+4.2%	$790.2M+24.7%	$633.8M+43.5%	$441.8M+4.5%	$422.7M+13.6%	$372.1M-5.0%	$391.9M+1.9%	$384.6M+42.4%	$270.0M+22.2%	$221.0M
Current Liabilities	$318.1M+4.4%	$304.6M+17.0%	$260.4M-9.2%	$286.9M-8.3%	$312.7M+14.6%	$272.8M+8.9%	$250.4M+13.2%	$221.2M+11.1%	$199.1M+37.7%	$144.5M-6.1%	$153.8M+34.9%	$114.0M+12.9%	$101.0M-2.6%	$103.7M-8.5%	$113.4M
Non-Current Liabilities	$913.5M+9.4%	$835.2M+81.2%	$460.9M-1.9%	$469.8M-10.1%	$522.6M-5.1%	$550.7M+2.0%	$539.8M+30.8%	$412.7M+70.0%	$242.8M-12.7%	$278.2M+27.5%	$218.2M-21.4%	$277.8M-2.0%	$283.6M+70.6%	$166.3M+54.6%	$107.6M
Long-Term Debt	$682.7M+1.9%	$670.3M+115.4%	$311.2M-0.6%	$313.2M-14.5%	$366.2M-8.5%	$400.4M+0.6%	$398.1M+14.2%	$348.5M+68.3%	$207.1M-8.7%	$226.8M+31.7%	$172.2M-23.7%	$225.7M-2.7%	$232.0M+58.9%	$146.0M+119.0%	$66.7M
Total Equity	$540.4M-16.5%	$647.0M+21.6%	$532.2M+19.1%	$446.9M+47.9%	$302.2M+26.1%	$239.6M+16.7%	$205.2M-2.0%	$209.3M+24.0%	$168.8M+14.2%	$147.7M+12.7%	$131.1M-4.4%	$137.2M+29.9%	$105.6M+84.0%	$57.4M-39.5%	$94.9M
Retained Earnings	$512.1M-17.8%	$623.0M+4.6%	$595.5M+15.9%	$513.6M+44.2%	$356.1M+21.3%	$293.6M+16.9%	$251.2M+8.5%	$231.5M+24.3%	$186.2M+12.2%	$166.0M+10.9%	$149.7M+27.0%	$117.9M+45.7%	$81.0M+134.0%	$34.6M+476.7%	$6.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q/A	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q/A
Total Assets	$1.7B-5.1%	$1.7B-7.3%	$1.8B-0.8%	$1.8B+14.1%	$1.9B+26.3%	$1.8B+30.0%	$1.8B+42.5%	$1.6B+23.5%
Current Assets	$377.7M-12.0%	$359.2M-8.7%	$382.8M-6.6%	$429.0M+5.7%	$393.4M+2.8%	$389.1M+6.0%	$409.8M+12.1%	$405.7M+4.2%
Cash & Equivalents	$20.3M-25.8%	$17.9M-26.4%	$26.8M+38.7%	$27.4M+131.4%	$24.3M+225.1%	$20.6M+85.2%	$19.4M+54.7%	$11.8M-29.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$10.7M	$9.0M	$9.9M+19.6%	N/A	N/A	N/A	$8.3M-33.3%	N/A
Accounts Receivable	$267.4M-3.7%	$257.4M+1.0%	$261.3M-11.0%	$277.6M-7.5%	$254.8M-11.6%	$259.2M-7.6%	$293.6M+2.0%	$300.1M-2.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$105.6M0.0%	$105.6M-48.9%	$105.6M-48.9%	$105.6M-36.9%	$206.8M+21.1%	$206.8M+21.1%	$206.8M+21.1%	$167.3M-2.0%
Total Liabilities	$1.1B-9.4%	$1.2B-1.7%	$1.2B+8.1%	$1.2B+34.1%	$1.2B+39.7%	$1.2B+44.1%	$1.1B+58.0%	$923.9M+23.3%
Current Liabilities	$316.0M-2.6%	$317.6M+3.1%	$318.1M+4.4%	$324.3M+9.0%	$308.0M+1.4%	$328.8M+9.4%	$304.6M+17.0%	$297.4M+3.6%
Non-Current Liabilities	$806.0M-11.9%	$868.1M-3.3%	$913.5M+9.4%	$914.8M+46.0%	$898.0M+60.5%	$825.0M+65.0%	$835.2M+81.2%	$626.5M+35.6%
Long-Term Debt	$594.1M-17.4%	$634.3M-9.1%	$682.7M+1.9%	$718.9M+52.4%	$698.2M+72.8%	$645.2M+89.4%	$670.3M+115.4%	$471.7M+48.6%
Total Equity	$561.0M+4.9%	$538.6M-17.6%	$540.4M-16.5%	$534.9M-15.2%	$653.7M+7.4%	$646.4M+10.7%	$647.0M+21.6%	$631.0M+23.7%
Retained Earnings	$529.2M+3.5%	$505.8M-19.9%	$512.1M-17.8%	$511.1M-15.6%	$631.8M+8.6%	$626.3M+13.1%	$623.0M+4.6%	$605.6M+5.0%

ULH Cash Flow Statement

ULH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$146.9M	$183.0M+62.9%	$112.4M-46.6%	$210.2M-1.5%	$213.4M+156.3%	$83.3M-16.2%	$99.3M-22.4%	$128.0M+34.9%	$94.9M+13.2%	$83.8M+22.2%	$68.6M-12.4%	$78.3M-1.4%	$79.4M+37.9%	$57.6M-18.2%	$70.4M-10.5%	$78.7M
Depreciation & Amortization	N/A	$146.2M+17.8%	$124.2M+61.2%	$77.0M+0.5%	$76.7M+13.5%	$67.5M-8.9%	$74.1M-0.8%	$74.8M+37.4%	$54.4M+15.8%	$47.0M+28.0%	$36.7M+5.2%	$34.9M+5.5%	$33.1M+67.9%	$19.7M+7.9%	$18.2M+2.9%	$17.7M
Stock-Based Compensation	N/A	$457K-41.3%	$779K+197.3%	$262K+18.0%	$222K+37.0%	$162K-16.9%	$195K+167.1%	$73K-82.3%	$413K-0.2%	$414K-27.5%	$571K+15.6%	$494K-66.7%	$1.5M+153.8%	$585K-0.2%	$586K	N/A
Capital Expenditures	$110.2M	$224.2M-10.9%	$251.6M+4.6%	$240.6M+105.4%	$117.1M+201.5%	$38.8M-57.2%	$90.7M+13.7%	$79.8M+19.8%	$66.6M+5.1%	$63.4M-34.9%	$97.4M+270.8%	$26.3M-56.1%	$59.8M+250.9%	$17.0M-42.4%	$29.6M-0.1%	$29.6M
Free Cash Flow	$36.7M	-$41.1M+70.5%	-$139.2M-359.4%	-$30.3M-131.5%	$96.3M+116.7%	$44.4M+415.2%	$8.6M-82.1%	$48.3M+70.5%	$28.3M+38.2%	$20.5M+171.3%	-$28.7M-155.2%	$52.0M+165.4%	$19.6M-51.7%	$40.6M-0.7%	$40.8M-16.8%	$49.1M
Investing Cash Flow	-$45.4M	-$203.4M+56.0%	-$462.9M-95.5%	-$236.8M-128.2%	-$103.7M-212.2%	-$33.2M+61.6%	-$86.6M+39.5%	-$143.1M+37.6%	-$229.2M-274.0%	-$61.3M+34.9%	-$94.1M	N/A	N/A	-$135.8M-518.8%	-$21.9M+27.9%	-$30.4M
Financing Cash Flow	-$117.3M	$26.1M-92.9%	$365.0M+4365.4%	-$8.6M+89.1%	-$78.2M-75.6%	-$44.6M-397.9%	-$8.9M-153.4%	$16.7M-87.9%	$138.8M+699.5%	-$23.2M-264.1%	$14.1M	N/A	N/A	$86.0M+267.0%	-$51.5M+2.0%	-$52.6M
Dividends Paid	$11.1M	$11.1M0.0%	$11.1M+0.1%	$11.0M-20.8%	$13.9M+23.3%	$11.3M+97.3%	$5.7M-61.9%	$15.0M+37.6%	$10.9M+37.3%	$8.0M+0.1%	$8.0M-2.7%	$8.2M-2.8%	$8.4M+99.8%	$4.2M-72.8%	$15.5M-0.4%	$15.6M
Share Buybacks	N/A	$85K-20.6%	$107K-20.1%	$134K-99.1%	$14.3M	$0-100.0%	$5.1M-79.3%	$24.8M+2565.1%	$930K-37.5%	$1.5M+5623.1%	$26K-99.9%	$35.1M+522.7%	$5.6M+93750.0%	$6K-99.4%	$991K-41.7%	$1.7M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q/A	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q/A
Operating Cash Flow	$40.5M+56.2%	$33.4M+29.9%	$47.1M-21.1%	$25.9M+317.6%	$25.7M+169.3%	$84.3M+128.6%	$59.7M+21.8%	$6.2M-89.0%
Depreciation & Amortization	$33.2M-6.5%	$35.6M-1.5%	$39.1M+7.3%	$35.5M+17.2%	$36.2M-1.6%	$35.5M+71.4%	$36.4M+82.2%	$30.3M+56.2%
Stock-Based Compensation	N/A	$954K+854.0%	N/A	N/A	$100K0.0%	$385K-45.0%	N/A	N/A
Capital Expenditures	$13.3M-75.6%	$9.6M-88.6%	$32.9M-19.5%	$54.5M-16.3%	$84.3M+9.2%	$52.6M-23.3%	$40.8M-15.8%	$65.1M-42.0%
Free Cash Flow	$27.1M+194.9%	$23.8M+140.7%	$14.3M-24.7%	-$28.6M+51.5%	-$58.5M+13.4%	$31.7M+200.1%	$18.9M+3155.7%	-$58.9M-5.2%
Investing Cash Flow	$26.0M+150.3%	$2.0M+102.5%	-$21.6M+91.1%	-$51.8M+30.4%	-$78.5M-3.0%	-$51.5M+24.7%	-$243.9M-406.4%	-$74.4M+33.2%
Financing Cash Flow	-$62.7M-344.2%	-$50.4M-190.5%	-$29.9M-115.1%	$25.7M-63.6%	$55.7M-16.4%	-$25.4M-186.9%	$198.6M+2497.2%	$70.6M+1061.5%
Dividends Paid	$2.8M+0.1%	$2.8M+0.2%	$2.8M0.0%	$2.8M+0.1%	$2.8M0.0%	$2.8M+0.1%	$2.8M+0.1%	$2.8M+0.1%
Share Buybacks	N/A	N/A	$0-100.0%	$0	N/A	N/A	$24K	$0-100.0%

ULH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ULH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	-4.1%-15.1pp	11.0%+2.3pp	8.8%-3.2pp	11.9%+6.1pp	5.9%+0.1pp	5.8%+1.5pp	4.3%-1.4pp	5.7%+3.7pp	2.1%-2.3pp	4.3%-2.2pp	6.5%-0.3pp	6.8%-1.4pp	8.2%+1.5pp	6.7%0.0pp	6.7%
Net Margin	-6.4%-13.5pp	7.0%+1.5pp	5.6%-2.8pp	8.4%+4.2pp	4.2%+0.8pp	3.5%+1.0pp	2.5%-1.1pp	3.6%+1.3pp	2.3%+0.1pp	2.3%-1.3pp	3.5%-0.3pp	3.8%-1.1pp	4.9%+0.3pp	4.6%-0.6pp	5.2%
Return on Equity	-18.5%-38.6pp	20.1%+2.6pp	17.5%-20.3pp	37.7%+13.3pp	24.4%+4.3pp	20.1%+1.8pp	18.3%-6.6pp	24.9%+8.2pp	16.7%+0.3pp	16.4%-14.1pp	30.5%-2.6pp	33.1%-14.8pp	47.9%-35.2pp	83.1%+28.9pp	54.2%
Return on Assets	-5.6%-12.9pp	7.3%-0.1pp	7.4%-6.6pp	14.0%+7.5pp	6.5%+1.9pp	4.5%+0.8pp	3.8%-2.4pp	6.2%+1.6pp	4.6%+0.4pp	4.3%-3.7pp	8.0%-0.6pp	8.6%-1.7pp	10.3%-4.3pp	14.6%-1.7pp	16.3%
Current Ratio	1.20-0.1x	1.35-0.1x	1.40-0.2x	1.60+0.3x	1.35+0.2x	1.18+0.1x	1.09-0.2x	1.24+0.1x	1.15-0.3x	1.44+0.1x	1.32-0.6x	1.90-0.1x	2.01+0.4x	1.63+0.1x	1.52
Debt-to-Equity	1.26+0.2x	1.04+0.5x	0.58-0.1x	0.70-0.5x	1.21-0.5x	1.67-0.3x	1.94+0.3x	1.67+0.4x	1.23-0.3x	1.54+0.2x	1.31-0.3x	1.65-0.6x	2.20-0.3x	2.54+1.8x	0.70
Asset Turnover	0.88-0.2x	1.03-0.3x	1.33-0.3x	1.67+0.1x	1.54+0.2x	1.31-0.2x	1.52-0.2x	1.73-0.3x	1.99+0.1x	1.88-0.4x	2.240.0x	2.25+0.1x	2.11-1.1x	3.170.0x	3.14
FCF Margin	-2.6%+4.9pp	-7.5%-5.7pp	-1.8%-6.6pp	4.8%+2.2pp	2.5%+1.9pp	0.6%-2.6pp	3.2%+1.2pp	1.9%+0.3pp	1.7%+4.4pp	-2.7%-7.3pp	4.6%+3.0pp	1.7%-2.3pp	3.9%0.0pp	3.9%-1.0pp	5.0%

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q/A	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q/A
Operating Margin	11.9%+41.5pp	1.3%-3.8pp	4.5%-3.7pp	-29.6%-39.6pp	5.1%-5.1pp	4.1%-11.2pp	8.2%-0.5pp	10.0%+1.3pp
Net Margin	6.9%+36.6pp	-1.0%-3.1pp	1.0%-3.4pp	-29.7%-35.9pp	2.1%-4.5pp	1.6%-9.1pp	4.3%-1.1pp	6.2%+0.8pp
Return on Equity	4.7%+26.7pp	-0.7%-1.9pp	0.7%-2.4pp	-22.1%-26.3pp	1.3%-3.8pp	0.9%-8.1pp	3.1%-0.9pp	4.2%-0.3pp
Return on Assets	1.6%+8.2pp	-0.2%-0.7pp	0.2%-0.9pp	-6.7%-8.4pp	0.4%-1.6pp	0.3%-3.5pp	1.1%-0.6pp	1.7%-0.1pp
Current Ratio	1.20-0.1x	1.13-0.1x	1.20-0.1x	1.320.0x	1.280.0x	1.180.0x	1.35-0.1x	1.360.0x
Debt-to-Equity	1.06-0.3x	1.18+0.1x	1.26+0.2x	1.34+0.6x	1.07+0.4x	1.00+0.4x	1.04+0.5x	0.75+0.1x
Asset Turnover	0.230.0x	0.210.0x	0.220.0x	0.22-0.1x	0.21-0.1x	0.21-0.1x	0.26-0.1x	0.27-0.1x
FCF Margin	7.1%+14.3pp	6.5%+21.3pp	3.7%-0.4pp	-7.2%+6.6pp	-14.9%-0.3pp	8.3%+14.7pp	4.1%+3.9pp	-13.8%-0.5pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Universal Logistics Holdings, Inc. ULH	FY2025	$1.6B	-$99.9M	-6.4%	$497.0M	27/100
Heartland Express Inc HTLD	FY2025	$805.7M	-$52.5M	-6.5%	$962.8M	22/100
Covenant Logistics Group, Inc. CVLG	FY2025	$1.2B	$7.2M	0.6%	$912.1M	33/100
Marten Transport Ltd MRTN	FY2025	$883.7M	$17.4M	2.0%	$1.1B	39/100
ArcBest Corporation ARCB	FY2025	$4.0B	$60.1M	1.5%	$3.0B	43/100
Werner Enterprises Inc WERN	FY2025	$3.0B	-$14.4M	-0.5%	$2.3B	34/100

Where Universal Logistics Holdings, Inc. Ranks

Frequently Asked Questions

What is Universal Logistics Holdings, Inc.'s annual revenue?

Universal Logistics Holdings, Inc. (ULH) reported $1.6B in total revenue for fiscal year 2025. This represents a -15.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Universal Logistics Holdings, Inc.'s revenue growing?

Universal Logistics Holdings, Inc. (ULH) revenue declined by 15.6% year-over-year, from $1.8B to $1.6B in fiscal year 2025.

Is Universal Logistics Holdings, Inc. profitable?

No, Universal Logistics Holdings, Inc. (ULH) reported a net income of -$99.9M in fiscal year 2025, with a net profit margin of -6.4%.

What is Universal Logistics Holdings, Inc.'s EBITDA?

Universal Logistics Holdings, Inc. (ULH) had EBITDA of $81.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Universal Logistics Holdings, Inc. have?

As of fiscal year 2025, Universal Logistics Holdings, Inc. (ULH) had $26.8M in cash and equivalents against $682.7M in long-term debt.

What is Universal Logistics Holdings, Inc.'s operating margin?

Universal Logistics Holdings, Inc. (ULH) had an operating margin of -4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Universal Logistics Holdings, Inc.'s net profit margin?

Universal Logistics Holdings, Inc. (ULH) had a net profit margin of -6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Universal Logistics Holdings, Inc. pay dividends?

Yes, Universal Logistics Holdings, Inc. (ULH) paid $0.42 per share in dividends during fiscal year 2025.

What is Universal Logistics Holdings, Inc.'s return on equity (ROE)?

Universal Logistics Holdings, Inc. (ULH) has a return on equity of -18.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Universal Logistics Holdings, Inc.'s free cash flow?

Universal Logistics Holdings, Inc. (ULH) recorded an outflow of $41.1M in free cash flow during fiscal year 2025. This represents a 70.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Universal Logistics Holdings, Inc.'s operating cash flow?

Universal Logistics Holdings, Inc. (ULH) generated $183.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Universal Logistics Holdings, Inc.'s total assets?

Universal Logistics Holdings, Inc. (ULH) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Universal Logistics Holdings, Inc.'s capital expenditures?

Universal Logistics Holdings, Inc. (ULH) invested $224.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Universal Logistics Holdings, Inc. buy back shares?

Yes, Universal Logistics Holdings, Inc. (ULH) spent $85K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Universal Logistics Holdings, Inc. have outstanding?

Universal Logistics Holdings, Inc. (ULH) had 26M shares outstanding as of fiscal year 2025.

What is Universal Logistics Holdings, Inc.'s current ratio?

Universal Logistics Holdings, Inc. (ULH) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.

What is Universal Logistics Holdings, Inc.'s debt-to-equity ratio?

Universal Logistics Holdings, Inc. (ULH) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Universal Logistics Holdings, Inc.'s return on assets (ROA)?

Universal Logistics Holdings, Inc. (ULH) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Universal Logistics Holdings, Inc.'s P/E ratio?

Universal Logistics Holdings, Inc. (ULH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to July 4, 2026). The market capitalization is $497.0M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Universal Logistics Holdings, Inc.'s price-to-sales ratio?

Universal Logistics Holdings, Inc. (ULH) trades at 0.3x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to July 4, 2026. The market capitalization is $497.0M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Universal Logistics Holdings, Inc.'s Altman Z-Score?

Universal Logistics Holdings, Inc. (ULH) has an Altman Z-Score of 1.45, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Universal Logistics Holdings, Inc.'s Piotroski F-Score?

Universal Logistics Holdings, Inc. (ULH) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Universal Logistics Holdings, Inc.'s earnings high quality?

Universal Logistics Holdings, Inc. (ULH) reported a net loss of $99.9M while generating $183.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Universal Logistics Holdings, Inc. cover its interest payments?

Universal Logistics Holdings, Inc. (ULH) reported an operating loss of $64.3M against $49.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Universal Logistics Holdings, Inc.?

Universal Logistics Holdings, Inc. (ULH) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.