Saturday 17 October 2026
Export ULH’s income statement to Excel — free account
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. In the quarter to June 2026, revenue fell 3.67%, EPS grew 209.4%, free cash flow grew 220.9% and total debt fell 12.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
16.45
0.31
−1.85%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 6 | 7 | 6 | 7 | 8 | 9 | 6 | 4 | 3 |
P/E ratio |
18.78 | 24.14 | 9.83 | 14.26 | 11.57 | 6.91 | 5.36 | 8.05 | 9.30 | 0.00 |
Altman Z-Score |
3.35 | 3.53 | 3.01 | 2.52 | 2.40 | 2.75 | 3.81 | 3.09 | 2.60 | 1.40 |
P/S ratio |
0.43 | 0.56 | 0.35 | 0.35 | 0.40 | 0.29 | 0.45 | 0.45 | 0.65 | 0.26 |
P/FCF ratio |
0.00 | 31.31 | 15.94 | 8.95 | 43.38 | 10.14 | 8.16 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
2.59 | 1.99 | 2.33 | 1.68 | 2.01 | 2.63 | 4.29 | 3.65 | 2.88 | 1.40 |
P/Operating CF |
59.69 | 50.62 | 24.45 | (135.07) | 25.74 | 17.19 | 13.09 | 15.28 | 20.24 | 8.49 |
Beneish M-Score |
(2.82) | (2.82) | (2.19) | (2.94) | (2.44) | (2.27) | (2.67) | (3.12) | (2.44) | (3.32) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 16 |
P/B ratio |
3.11 | 4.03 | 2.45 | 2.59 | 2.32 | 1.68 | 2.02 | 1.41 | 1.87 | 0.74 |
Price to Tangible BV |
12.72 | 10.78 | 0.00 | 0.00 | 0.00 | 11.77 | 4.46 | 2.50 | 4.18 | 1.23 |
EV/Sales |
0.66 | 0.75 | 0.61 | 0.64 | 0.72 | 0.52 | 0.61 | 0.67 | 1.05 | 0.74 |
EV/EBITDA |
8.42 | 12.55 | 6.44 | 6.91 | 6.45 | 5.34 | 3.85 | 4.96 | 5.90 | 13.99 |
EV/Operating CF |
10.26 | 10.86 | 9.47 | 7.60 | 10.07 | 10.96 | 5.73 | 5.27 | 17.24 | 6.34 |
EV/FCF |
(26.77) | 41.96 | 27.90 | 16.37 | 78.09 | 18.25 | 11.06 | (41.35) | (14.37) | (49.62) |
Quick Ratio |
1.24 | 1.05 | 1.15 | 0.99 | 1.09 | 1.25 | 1.51 | 1.28 | 1.17 | 1.03 |
Current Ratio |
1.44 | 1.15 | 1.24 | 1.09 | 1.18 | 1.35 | 1.60 | 1.40 | 1.35 | 1.20 |
Net Debt/EBITDA |
2.93 | 3.19 | 2.76 | 3.13 | 2.87 | 2.37 | 1.01 | 1.61 | 2.22 | 9.17 |
Debt/Assets |
45.80% | 40.61% | 47.49% | 45.97% | 43.28% | 37.57% | 31.45% | 30.47% | 42.48% | 45.01% |
Debt/Equity |
1.77 | 1.47 | 1.91 | 2.23 | 1.92 | 1.41 | 0.85 | 0.72 | 1.17 | 1.48 |
Asset Turnover |
2.00 | 2.06 | 2.01 | 1.64 | 1.35 | 1.59 | 1.72 | 1.35 | 1.21 | 0.88 |
Operating CF/Net income |
2.83 | 2.98 | 1.82 | 3.41 | 2.06 | 1.13 | 1.27 | 2.26 | 0.87 | (1.83) |
Capex/Depreciation |
(2.56) | (1.31) | (1.12) | (0.91) | (1.16) | (0.49) | (1.33) | (3.05) | (1.97) | (1.40) |
Interest Coverage |
5.64 | 2.64 | 5.71 | 3.83 | 5.49 | 8.84 | 14.76 | 6.01 | 5.89 | (1.31) |
| 17.39% | 17.79% | 27.60% | 18.13% | 21.64% | 27.22% | 45.02% | 18.98% | 22.03% | (16.82%) | |
| 4.52% | 4.77% | 7.18% | 4.09% | 4.68% | 6.70% | 14.41% | 7.56% | 8.55% | (5.61%) | |
ROIC |
7.41% | 3.94% | 8.81% | 6.33% | 7.34% | 9.09% | 19.56% | 10.20% | 9.23% | (3.09%) |
Return on Tangible Assets |
7.84% | 9.49% | 14.60% | 10.40% | 11.64% | 16.26% | 29.90% | 13.95% | 15.33% | (11.29%) |
Average Days of Receivables |
55.35 | 57.37 | 60.02 | 55.84 | 74.20 | 76.82 | 68.25 | 68.36 | 64.29 | 68.11 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.37% | 8.55% | 6.34% | 8.50% | 6.26% | 6.75% | 5.60% | 7.32% | 6.91% | 8.58% |
Intangible Assets out of Total Assets |
0.20 | 0.17 | 0.31 | 0.29 | 0.26 | 0.23 | 0.20 | 0.19 | 0.20 | 0.12 |
Share Based Compensation of Revenue |
0.05% | 0.03% | 0.03% | 0.00% | 0.01% | 0.01% | 0.01% | 0.02% | 0.04% | 0.03% |
Graham Net Nets |
(0.47) | (0.31) | (0.70) | (0.97) | (0.90) | (0.82) | (0.33) | (0.47) | (0.60) | (2.12) |
Graham Number |
10.03 | 11.50 | 17.47 | 14.79 | 18.85 | 26.26 | 49.16 | 40.16 | 52.28 | 0.00 |
Earnings Yield |
5.33% | 4.14% | 10.17% | 7.01% | 8.64% | 14.48% | 18.66% | 12.42% | 10.75% | (24.95%) |
Free Cash Flow Yield |
(5.73%) | 3.19% | 6.27% | 11.17% | 2.31% | 9.86% | 12.26% | (3.58%) | (11.15%) | (5.85%) |
Revenue per Share |
37.76 | 42.80 | 51.50 | 53.87 | 51.53 | 65.05 | 76.14 | 63.24 | 70.15 | 59.19 |
Operating CF per Share |
2.42 | 2.95 | 3.34 | 4.56 | 3.68 | 3.09 | 8.06 | 8.00 | 4.27 | 6.95 |
Capex per Share |
(3.34) | (2.19) | (2.21) | (2.44) | (3.20) | (1.23) | (3.88) | (9.02) | (9.39) | (7.84) |
Free Cash Flow per Share |
(0.93) | 0.76 | 1.13 | 2.12 | 0.47 | 1.86 | 4.18 | (1.02) | (5.12) | (0.89) |
Cash per Share |
0.57 | 0.59 | 0.53 | 0.61 | 0.57 | 0.82 | 2.16 | 0.89 | 1.18 | 1.41 |
Shareholders Equity per Share |
5.20 | 5.94 | 7.37 | 7.31 | 8.87 | 11.23 | 16.89 | 20.25 | 24.59 | 20.52 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.20 | 5.94 | 7.37 | 7.31 | 8.87 | 11.23 | 16.89 | 20.25 | 24.59 | 20.52 |
Free Cash Flow |
(26.30) | 21.70 | 32.21 | 59.44 | 12.82 | 50.04 | 110.59 | (26.79) | (134.79) | (23.38) |
Working Capital |
62.94 | 29.60 | 54.09 | 21.42 | 48.72 | 107.99 | 172.75 | 105.06 | 105.25 | 64.75 |
Capital Expenditures |
(94.92) | (62.15) | (62.69) | (68.60) | (86.52) | (33.24) | (102.82) | (237.04) | (247.16) | (206.43) |
Net Current Asset Value |
(215.27) | (213.16) | (358.59) | (518.37) | (501.95) | (414.59) | (297.10) | (355.85) | (730.00) | (848.79) |
EV/EBIT |
15.11 | 36.11 | 10.73 | 14.88 | 12.45 | 8.87 | 5.09 | 7.62 | 9.54 | 0.00 |
Capex to Sales |
0.09 | 0.05 | 0.04 | 0.05 | 0.06 | 0.02 | 0.05 | 0.14 | 0.13 | 0.13 |
Price to Operating Income |
9.85 | 26.94 | 6.13 | 8.14 | 6.92 | 4.93 | 3.75 | 5.15 | 5.95 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.15 | 0.18 | 0.18 | 0.22 | 0.20 | 0.20 | 0.20 | 0.14 | 0.17 | 0.18 |
Cash ROIC |
(6.19%) | 5.01% | 5.16% | 8.74% | 1.79% | 6.66% | 12.53% | (2.86%) | (9.38%) | (1.70%) |
Accounts Receivable Turnover |
6.68 | 6.88 | 6.77 | 6.41 | 5.41 | 5.38 | 5.41 | 4.83 | 5.80 | 5.06 |
Accounts Payable Turnover |
14.38 | 12.31 | 12.56 | 12.21 | 10.94 | 12.17 | 13.74 | 15.15 | 17.63 | 16.74 |
Inventory Turnover |
115.35 | 132.15 | 184.68 | 160.36 | 138.46 | 119.36 | 112.64 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
29.81 | 33.29 | 30.31 | 29.89 | 34.42 | 32.76 | 22.59 | 20.43 | 20.02 | 22.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
160.64 | 176.95 | 215.80 | 235.84 | 257.05 | 325.66 | 372.68 | 344.07 | 318.22 | 307.98 |
Average Payables |
56.15 | 75.16 | 88.20 | 91.96 | 94.91 | 107.88 | 102.49 | 75.62 | 62.04 | 60.52 |
Average Inventory |
7.00 | 7.00 | 6.00 | 7.00 | 7.50 | 11.00 | 12.50 | — | — | — |
Average Assets |
536.81 | 590.52 | 726.87 | 919.29 | 1,029.24 | 1,100.27 | 1,170.58 | 1,228.60 | 1,520.18 | 1,779.41 |
Average Common Equity |
139.41 | 158.25 | 189.03 | 207.26 | 222.40 | 270.89 | 374.57 | 489.56 | 589.61 | 593.69 |
Columns are period end dates