Universal Logistics Holdings (ULH) Financials
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 Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 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).
FY2025 exposed a business where weaker revenue, heavier financing costs, and capital spending overwhelmed otherwise positive operating cash generation.
In FY2025, operating cash flow was$183M despite a net loss of$99.9M , indicating noncash charges—not earnings—supported cash generation. Capital spending consumed122.5% of operating cash flow, leaving free cash flow at-$41.1M ; reported cash generation therefore did not fund reinvestment.
FY2025 revenue fell
Debt-to-equity was 1.3x in FY2025 versus 0.6x in FY2023, while interest expense rose
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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.
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 40/100. This is down from 11.0% the prior year.
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 21/100.
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.
Universal Logistics Holdings, Inc.'s current ratio of 1.20 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
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 19/100, reflecting heavy capital investment rather than weak cash generation.
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.
Universal Logistics Holdings, Inc. scores 1.50, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $64.3M against total assets of $1.8B. 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.
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), the one computable operating efficiency signal (asset turnover improving) does not pass.
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.
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
Earnings & Revenue
Universal Logistics Holdings, Inc. generated $379.3M in revenue in Q2 2026. This represents a decrease of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.
Universal Logistics Holdings, Inc.'s EBITDA was $78.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 39.6% from the same quarter a year earlier. Against the prior quarter it is up 93.8%.
Universal Logistics Holdings, Inc. reported $26.2M in net income in Q2 2026. This represents an increase of 214.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Universal Logistics Holdings, Inc. earned $0.99 per diluted share (EPS) in Q2 2026. This represents an increase of 209.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Universal Logistics Holdings, Inc. generated $27.1M in free cash flow in Q2 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 13.9%.
Universal Logistics Holdings, Inc. held $20.3M in cash against $594.1M in long-term debt as of Q2 2026.
Universal Logistics Holdings, Inc. paid $0.11 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Universal Logistics Holdings, Inc.'s operating margin was 11.9% in Q2 2026, reflecting core business profitability. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.6 percentage points.
Universal Logistics Holdings, Inc.'s net profit margin was 6.9% in Q2 2026, showing the share of revenue converted to profit. This is up 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.
Universal Logistics Holdings, Inc.'s quarterly ROE was 4.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Universal Logistics Holdings, Inc. invested $13.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 84.2% from the same quarter a year earlier. Against the prior quarter it is up 39.1%.
Not reported for Q2 2026.
Not reported for Q2 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $379.3M-3.7% | $367.6M-3.9% | $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+14.2% | $14.6M+10.7% | $13.3M-5.4% | $13.6M+4.5% | $14.0M-4.6% | $13.2M-2.3% | $14.1M+9.4% | $13.0M-4.4% |
| Operating Income | $45.1M+126.9% | $4.8M-69.5% | $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+39.6% | $40.4M-21.0% | $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+13.0% | $12.3M+10.6% | $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+191.9% | -$1.1M-155.6% | $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+214.9% | -$3.5M-158.4% | $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+209.4% | -$0.13-156.5% | $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+209.4% | -$0.13-156.5% | $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
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B-9.5% | $1.7B-4.2% | $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-4.0% | $359.2M-7.7% | $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-16.5% | $17.9M-13.0% | $26.8M+38.7% | $27.4M+131.4% | $24.3M+225.1% | $20.6M+85.2% | $19.4M+54.7% | $11.8M-29.6% |
| 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+4.9% | $257.4M-0.7% | $261.3M-11.0% | $277.6M-7.5% | $254.8M-11.6% | $259.2M-7.6% | $293.6M+2.0% | $300.1M-2.4% |
| Goodwill | $105.6M-48.9% | $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-7.0% | $1.2B+2.8% | $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-3.4% | $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-10.2% | $868.1M+5.2% | $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-14.9% | $634.3M-1.7% | $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-14.2% | $538.6M-16.7% | $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-16.2% | $505.8M-19.2% | $512.1M-17.8% | $511.1M-15.6% | $631.8M+8.6% | $626.3M+13.1% | $623.0M+4.6% | $605.6M+5.0% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
ULH Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.5M+57.3% | $33.4M-60.4% | $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-8.3% | $35.6M+0.4% | $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+147.8% | N/A | N/A | $100K0.0% | $385K-45.0% | N/A | N/A |
| Capital Expenditures | $13.3M-84.2% | $9.6M-81.8% | $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 | $27.1Mn/m | $23.8M-24.9% | $14.3M-24.7% | -$28.6Mn/m | -$58.5Mn/m | $31.7Mn/m | $18.9M+3155.7% | -$58.9Mn/m |
| Investing Cash Flow | $26.0Mn/m | $2.0Mn/m | -$21.6Mn/m | -$51.8Mn/m | -$78.5Mn/m | -$51.5Mn/m | -$243.9Mn/m | -$74.4Mn/m |
| Financing Cash Flow | -$62.7M-212.7% | -$50.4Mn/m | -$29.9M-115.1% | $25.7M-63.6% | $55.7M-16.4% | -$25.4M-186.9% | $198.6Mn/m | $70.6M+1061.5% |
| Dividends Paid | $2.8M+0.2% | $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% | $0n/m | N/A | N/A | $24Kn/m | $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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.9%+6.8pp | 1.3%-2.8pp | 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%+4.8pp | -1.0%-2.5pp | 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%+3.4pp | -0.7%-1.6pp | 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%+1.1pp | -0.2%-0.5pp | 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 | 1.060.0x | 1.18+0.2x | 1.26+0.2x | 1.34+0.6x | 1.07+0.4x | 1.00+0.4x | 1.04+0.5x | 0.75+0.1x |
| Liabilities-to-Equity | 2.00+0.2x | 2.20+0.4x | 2.28+0.5x | 2.32+0.9x | 1.84+0.4x | 1.79+0.4x | 1.76+0.4x | 1.460.0x |
| 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%+22.0pp | 6.5%-1.8pp | 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Universal Logistics Holdings, Inc. ULH | FY2025 | $1.6B | -$99.9M | -6.4% | $595.6M | 27/100 |
| Heartland Express Inc HTLD | FY2025 | $805.7M | -$52.5M | -6.5% | $790.3M | 22/100 |
| Covenant Logistics Group, Inc. CVLG | FY2025 | $1.2B | $7.2M | 0.6% | $784.7M | 32/100 |
| Marten Transport Ltd MRTN | FY2025 | $883.7M | $17.4M | 2.0% | $957.1M | 46/100 |
| Werner Enterprises Inc WERN | FY2025 | $3.0B | -$14.4M | -0.5% | $1.7B | 33/100 |
| PAMT CORP PAMT | FY2025 | $598.1M | -$52.6M | -8.8% | $243.1M | 16/100 |
Where Universal Logistics Holdings, Inc. Ranks
Frequently Asked Questions
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.
Universal Logistics Holdings, Inc. (ULH) revenue declined by 15.6% year-over-year, from $1.8B to $1.6B in fiscal year 2025.
No, Universal Logistics Holdings, Inc. (ULH) reported a net loss of $91.5M over the trailing 12 months to July 4, 2026. In fiscal year 2025 it reported a net loss of $99.9M, with a net profit margin of -6.4%.
Universal Logistics Holdings, Inc. (ULH) had EBITDA of $81.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Universal Logistics Holdings, Inc. (ULH) had $26.8M in cash and equivalents against $682.7M in long-term debt.
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.
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.
Yes, Universal Logistics Holdings, Inc. (ULH) paid $0.42 per share in dividends during fiscal year 2025.
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.
Universal Logistics Holdings, Inc. (ULH) recorded an outflow of $41.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Universal Logistics Holdings, Inc. (ULH) generated $183.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Universal Logistics Holdings, Inc. (ULH) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
Universal Logistics Holdings, Inc. (ULH) invested $224.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Universal Logistics Holdings, Inc. (ULH) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.
Universal Logistics Holdings, Inc. (ULH) had a debt-to-equity ratio of 1.26 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Universal Logistics Holdings, Inc. (ULH) had a liabilities-to-equity ratio of 2.28 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
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 $595.6M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Universal Logistics Holdings, Inc. (ULH) trades at 0.4x sales, its market capitalization divided by $1.5B revenue, trailing 12 months to July 4, 2026. The market capitalization is $595.6M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Universal Logistics Holdings, Inc. (ULH) has an Altman Z-Score of 1.50, 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.
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.
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.
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.
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 the average 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.