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Universal Logistics Holdings, Inc.

ULH Industrials Trucking

Universal Logistics Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, down 15.6% from fiscal 2024.

Revenue
−3.67%
EPS
+209.4%
Free cash flow
+220.9%
Total debt
−12.9%

Quarter to June 2026, against a year earlier

29.61 3.11 −9.50%
Market cap
$777.1M
P/E
0.0×
Fwd P/E
16.9×
Dividend yield
1.42%
F-score
3/9
Altman Z
1.40
Beneish M
−3.32
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 73.53%

Capital & Financial Ratios $m

Size
Market Cap 777.06
Revenue ttm 1,529.11
Net income ttm (91.53)
Free cash flow ttm 90.19
Net debt Q 672.27
Valuation
P/E 0.00
Forward P/E 16.90
Price / sales 0.51
Forward P/S Powerpack
Price / FCF 8.66
Price / book 1.39
Financial health
Current ratio Q 1.20
Debt / equity Q 1.23
Interest coverage Q 3.45
Growth
Revenue growth Q −3.67% (below 0%: shrinking)
Operating income growth Q +126.90% (above 0%: growing)
EPS, this year +150.13% (at or above 15%: strong)
EPS, next year A +5.26%
Revenue, next year A −1.89% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +15.93% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 0.7×; over the ten years it ranged from 0.5× in 2022 to 1.1× in 2024.
P/S against its own 10 years 81.55%
10-year low 10-year high
P/B against its own 10 years 18.63%
10-year low 10-year high
EV/Sales against its own 10 years 95.45%
10-year low 10-year high
EV/FCF against its own 10 years 40.12%
10-year low 10-year high

Dividends

Yield
1.42%
Annual rate
0.42
Payout ratio
—
Growth, 2018–26
−2.48%/yr
  1. 0.39 ’18
  2. 0.53 ’19 +36
  3. 0.21 ’20 −60
  4. 0.42 ’21 +100
  5. 0.42 ’22 +0
  6. 0.42 ’23 +0
  7. 0.42 ’24 +0
  8. 0.42 ’25 +0
  9. 0.32 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 23 31 37 20
Receivables 311 325 291 300
Inventory — — — —
Other 1 29 29 29
365 410 383 378
2023 2024 2025 Q'26
Payables 64 60 61 69
ST’ Debt 71 89 115 98
Other 46 56 45 39
260 305 318 316

Compound Annual Growth %

10y 5y 3y
Sales 3.28% 2.30% (8.22%)
Cash Flow 8.86% 13.00% (4.99%)
Earnings 0.00% 0.00% 0.00%
Book Value 15.22% 17.67% 6.53%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.32 Actual 0.69

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.05 0.14 Beat by 0.19
Q1 FY26 0.09 −0.13 Miss by 0.22
Q2 FY26 0.13 0.16 Beat by 0.03
Q3 FY26 0.32 0.69 Beat by 0.37
Q4 FY26 0.16 — Reports 12 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.13) 0.99 — — —
’25 0.23 0.32 (4.48) 0.14 (3.79)
’24 1.99 1.17 1.01 0.77 4.93
’23 0.95 0.90 0.88 0.81 3.53
’22 1.56 1.69 1.84 1.27 6.37
’21 0.80 0.95 0.38 0.60 2.74
’20 0.45 0.23 0.50 0.60 1.78
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 368 379 — — —
’25 382 394 397 385 1,558
’24 492 462 427 465 1,846
’23 437 413 421 391 1,662
’22 524 527 506 459 2,015
’21 415 423 446 467 1,751
’20 382 258 365 386 1,391
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 33 40 — — —
’25 84 26 26 47 183
’24 37 10 6 60 112
’23 64 40 56 49 210
’22 41 28 75 69 213
’21 43 10 0 30 83
’20 25 83 (31) 22 99
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 25 66 — — —
’25 33 (55) (27) 25 (23)
’24 (31) (67) (58) 22 (135)
’23 35 (7) (55) 1 (27)
’22 38 0 32 42 111
’21 39 1 (8) 17 50
’20 (5) 74 (61) 5 13
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,073 1,217 1,462 1,512 1,391 1,751 2,015 1,662 1,846 1,558 1,529 +4.2% 1,529 1,602 — +1.4%
Gross margin, % 24.73 23.97 24.19 25.76 25.35 25.02 30.14 31.09 40.77 34.99 35.39 +10.3 pt
EBT 39 17 69 50 64 99 225 124 174 (100) (89) n/m
EBT margin, % 3.67 1.41 4.75 3.32 4.59 5.63 11.18 7.48 9.41 (6.42) (5.84) (10.1) pt
Net income 24 28 52 38 48 74 169 93 130 (100) (92) n/m
Per share, $
Per share, $ Revenue 37.76 42.80 51.50 53.87 51.53 65.05 76.14 63.24 70.15 59.19 57.99 +5.1%
Earnings 0.85 0.99 1.84 1.34 1.78 2.74 6.37 3.53 4.94 (3.79) (3.48) n/m
Cash flow 2.42 2.95 3.34 4.56 3.68 3.09 8.06 8.00 4.27 6.95 5.57 +12.5%
Capex (3.34) (2.19) (2.21) (2.44) (3.20) (1.23) (3.88) (9.02) (9.39) (7.84) (2.15) +9.9%
Free cash flow (0.93) 0.76 1.13 2.12 0.47 1.86 4.18 (1.02) (5.12) (0.89) 3.42 (0.5%)
Book value 5.20 5.94 7.37 7.31 8.87 11.23 16.89 20.25 24.59 20.52 21.28 +16.5%
Shares, m 28 28 28 28 27 27 26 26 26 26 26 (0.8%)
Valuation, ×
Valuation, × P/E 18.78 24.14 9.83 14.26 11.57 6.91 5.36 8.05 9.30 0.00 0.00 10.8
P/S 0.43 0.56 0.35 0.35 0.40 0.29 0.45 0.45 0.65 0.26 0.51 0.4
P/B 3.11 4.03 2.45 2.59 2.32 1.68 2.02 1.41 1.87 0.74 1.39 2.2
EV/Sales 0.66 0.75 0.61 0.64 0.72 0.52 0.61 0.67 1.05 0.74 0.95 0.7
EV/FCF (26.77) 41.96 27.90 16.37 78.09 18.25 11.06 (41.35) (14.37) (49.62) 16.11 6.2
Cash, $m
Cash, $m Operating cash flow 69 84 95 128 99 83 213 210 112 183 147 +11.5%
Capex (95) (62) (63) (69) (87) (33) (103) (237) (247) (206) (57) +9.0%
Free cash flow (26) 22 32 59 13 50 111 (27) (135) (23) 90 (1.3%)
Balance, $m
Balance, $m Working capital 63 30 54 21 49 108 173 105 105 65 62 +0.3%
Net debt 245 231 385 441 445 405 321 359 728 760 672 +13.4%
Shareholders’ equity 148 169 209 205 240 302 447 532 647 540 561 +15.5%
Returns, %
Returns, % ROA 4.52 4.77 7.18 4.09 4.68 6.70 14.41 7.56 8.55 (5.61) (5.17) (10.1) pt
ROIC 7.41 3.94 8.81 6.33 7.34 9.09 19.56 10.20 9.23 (3.09) (2.53) (10.5) pt
ROE 17.39 17.79 27.60 18.13 21.64 27.22 45.02 18.98 22.03 (16.82) (15.07) (34.2) pt
People
People Employees 6,275 8,231 6,335 6,541 6,187 8,004 8,646 9,311 10,821 10,525 — +5.9%
Revenue/emp, $m 0.17 0.15 0.23 0.23 0.22 0.22 0.23 0.18 0.17 0.15 — (1.6%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Universal Logistics Holdings, Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SNDR Schneider National, Inc. $5.0B 34.8× 28.4× +9.15% (above 0%: growing) +154.55% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 104× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79% Compare
MRTN Marten Transport, Ltd. $978.3M 66.1× 59.6× +1.25% (above 0%: growing) +33.33% (above 0%: growing) +100,952.63% (above 0%: growing) 60.93% 1.37% Compare
CVLG Covenant Logistics Group, Inc. $821.5M 215× 20.2× +9.91% (above 0%: growing) −10.53% (below 0%: shrinking) −406.90% (below 0%: shrinking) 58.97% 2.66% Compare
HTLD Heartland Express, Inc. $784.9M — (loss-making) 88.0× −12.48% (below 0%: shrinking) n/m +144.91% (above 0%: growing) 27.63% 8.99% Compare
ULH Universal Logistics Holdings, Inc. $777.1M — (loss-making) 16.9× −3.67% (below 0%: shrinking) +209.37% (above 0%: growing) +220.86% (above 0%: growing) 37.71% 11.90%
PAMT PAMT Corp. $274.4M — (loss-making) — (loss-making) +8.94% (above 0%: growing) n/m −109.49% (below 0%: shrinking) 60.74% (6.32%) Compare
Median of peers $1.3B 85.1× 47.4× +9.53% +33.56% +55.37% 51.44% 2.23%

All 18 Trucking stocks →

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.19m (633.05k) 80.00
2024 1.23m 2.30m 237.00
2023 1.23m 908.82k 143.00
2022 1.15m 2.06m 168.00
2021 1.00m 896.04k 93.00

Ownership

Directors and executive officers, together 73.50%
Matthew T. Moroun 72.90%
FMR LLC (Fidelity Investments) 15.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Universal Logistics Holdings, Inc. (ULH) Latest News

29 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks earnings
Impact 3 · · Associated Press

17 Sep

Impact 3 ·

15 Aug

Impact 4 ·

10 Aug

Impact 3 ·

31 Jul

Impact 3 ·
Impact 3 ·

17 Jul

Impact 3 ·

7 Jun

Impact 3 · · Simply Wall St.

15 May

Impact 3 · · Insider Monkey

5 May

Impact 3 · · Zacks

1 May

Impact 4 · · PR Newswire
Impact 3 · · Zacks

16 Apr

Impact 3 · · Zacks

11 Apr

Impact 3 · · Simply Wall St.

8 Apr

Impact 3 ·

23 Mar

Impact 4 · · Zacks

13 Mar

Impact 3 · · PR Newswire

15 Feb

Impact 3 ·

9 Feb

Impact 3 · · Simply Wall St.

3 Feb

Impact 3 · · StockStory

21 Jan

Impact 3 · · StockStoryStockStory

15 Jan

Impact 3 · · StockStory

13 Jan

Impact 3 · · Simply Wall St.

4 Jan

Impact 4 · · StockStory

30 Dec

Impact 4 · · StockStory

29 Dec

Impact 3 · · StockStory

17 Dec

Impact 3 ·

16 Dec

Impact 3 ·
stockrow.com/ULH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com