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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. 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%
Market cap
$441.9M
P/E
0.0×
Fwd P/E
31.3×
Dividend yield
2.55%
F-score
3/9
Altman Z
1.40
Beneish M
−3.32
Dividend safety
16/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 73.53%

Capital & Financial Ratios $m

Market Cap 441.93
Revenue 1,529.11
Net Income (91.53)
Free Cash Flow 90.19
Net Debt 672.27
Current Ratio 1.20
Debt/Equity 1.23
P/E ratio 0.00
Fwd P/E 31.30
P/S ratio 0.28
P/B ratio 0.77
Past 5Y EPS Growth —
This Y EPS Growth 135.36% (at or above 15%: strong)
Next Y EPS Growth (14.18%) (below 0%: weak)
Next Y revenue growth (1.89%) (below 0%: weak)
Next 5Y EPS Growth 15.93% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, 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 9.07%
10-year low 10-year high
P/B against its own 10 years 3.06%
10-year low 10-year high
EV/Sales against its own 10 years 63.03%
10-year low 10-year high
EV/FCF against its own 10 years 20.30%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.42
Annual Dividend Yield 2.55%
total individual payouts
2026 0.32
0.11
0.11
0.11
2025 0.42
0.11
0.11
0.11
0.11
2024 0.42
0.11
0.11
0.11
0.11
2023 0.42
0.11
0.11
0.11
0.11
2022 0.42
0.11
0.11
0.11
0.11
2021 0.42
0.11
0.11
0.11
0.11
2020 0.21
0.11
0.11
2019 0.53
0.11
0.11
0.11
0.11
0.11
2018 0.39
0.07
0.11
0.11
0.11
2017 0.28
0.07
0.07
0.07
0.07
2016 0.28
0.07
0.07
0.07
0.07
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 11.09 11.65 17.40 17.57 11.02 16.62 15.86 20.85 27.49 12.78

Analyst estimates 2026–2028

Powerpack
High 18.31 24.65 37.67 27.49 23.94 27.95 40.76 45.00 53.29 47.42
People
People Employees 6,275 8,231 6,335 6,541 6,187 8,004 8,646 9,311 10,821 10,525
Revenue/emp, $m 0.17 0.15 0.23 0.23 0.22 0.22 0.23 0.18 0.17 0.15
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
Gross margin, % 24.73 23.97 24.19 25.76 25.35 25.02 30.14 31.09 40.77 34.99
EBT 39 17 69 50 64 99 225 124 174 (100)
EBT margin, % 3.67 1.41 4.75 3.32 4.59 5.63 11.18 7.48 9.41 (6.42)
Net income 24 28 52 38 48 74 169 93 130 (100)
Depreciation 37 47 56 75 75 68 77 78 125 147
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
Earnings 0.85 0.99 1.84 1.34 1.78 2.74 6.37 3.53 4.94 (3.79)
Cash flow 2.42 2.95 3.34 4.56 3.68 3.09 8.06 8.00 4.27 6.95
Capex (3.34) (2.19) (2.21) (2.44) (3.20) (1.23) (3.88) (9.02) (9.39) (7.84)
Free cash flow (0.93) 0.76 1.13 2.12 0.47 1.86 4.18 (1.02) (5.12) (0.89)
Book value 5.20 5.94 7.37 7.31 8.87 11.23 16.89 20.25 24.59 20.52
Shares, m 28 28 28 28 27 27 26 26 26 26
Valuation, ×
Valuation, × P/E 18.78 24.14 9.83 14.26 11.57 6.91 5.36 8.05 9.30 0.00
P/S 0.43 0.56 0.35 0.35 0.40 0.29 0.45 0.45 0.65 0.26
P/B 3.11 4.03 2.45 2.59 2.32 1.68 2.02 1.41 1.87 0.74
EV/Sales 0.66 0.75 0.61 0.64 0.72 0.52 0.61 0.67 1.05 0.74
EV/FCF (26.77) 41.96 27.90 16.37 78.09 18.25 11.06 (41.35) (14.37) (49.62)
Cash, $m
Cash, $m Operating cash flow 69 84 95 128 99 83 213 210 112 183
Capex (95) (62) (63) (69) (87) (33) (103) (237) (247) (206)
Free cash flow (26) 22 32 59 13 50 111 (27) (135) (23)
Balance, $m
Balance, $m Working capital 63 30 54 21 49 108 173 105 105 65
Total debt 261 248 400 458 460 427 379 382 759 798
Net debt 245 231 385 441 445 405 321 359 728 760
Shareholders’ equity 148 169 209 205 240 302 447 532 647 540
Returns, %
Returns, % ROA 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)
ROE 17.39 17.79 27.60 18.13 21.64 27.22 45.02 18.98 22.03 (16.82)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
RXO RXO INC $4.8B — (loss-making) — (loss-making) +25.02% (above 0%: growing) n/m −620.00% (below 0%: shrinking) 14.04% 0.06% Compare
ARCB ArcBest Corporation $3.0B 186× 33.5× +15.87% (above 0%: growing) n/m +45.84% (above 0%: growing) (1.74%) (1.74%) Compare
WERN Werner Enterprises, Inc. $2.0B — (loss-making) 56.2× +24.00% (above 0%: growing) −84.72% (below 0%: shrinking) +581.60% (above 0%: growing) 52.19% 1.81% Compare
MRTN Marten Transport, Ltd. $1.1B 75.5× 59.2× −2.77% (below 0%: shrinking) −22.22% (below 0%: shrinking) +100,952.63% (above 0%: growing) 62.16% 3.09% Compare
HTLD Heartland Express, Inc. $860.7M — (loss-making) — (loss-making) −12.48% (below 0%: shrinking) n/m +144.91% (above 0%: growing) 27.63% 8.99% Compare
CVLG Covenant Logistics Group, Inc. $781.9M 205× 22.4× +9.91% (above 0%: growing) −10.53% (below 0%: shrinking) −406.90% (below 0%: shrinking) 58.97% 2.66% Compare
ULH Universal Logistics Holdings, Inc. $441.9M — (loss-making) 31.3× −3.67% (below 0%: shrinking) +209.37% (above 0%: growing) +220.86% (above 0%: growing) 37.71% 11.90%
PAMT PAMT Corp. $250.3M — (loss-making) — (loss-making) +8.94% (above 0%: growing) n/m −109.49% (below 0%: shrinking) 60.74% (6.32%) Compare
TSPH CreateAI Holdings Inc. $41.2M — (loss-making) — (loss-making) −96.45% (below 0%: shrinking) n/m +26.30% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $955.4M 186× 44.9× +9.43% −22.22% +36.07% 39.91% 0.94%

All 18 Trucking stocks →

Universal Logistics Holdings, Inc. (ULH) key facts

  • Concern: Universal Logistics Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, down 15.6% from fiscal 2024.
  • Universal Logistics Holdings, Inc. (ULH) is a Trucking company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, ULH traded at $16.45, a market capitalization of $441.9 million.
  • Universal Logistics Holdings, Inc. pays an annual dividend of $0.42 per share, a yield of 2.55%.
  • Return on equity was −16.8% and debt-to-equity 1.23.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.40 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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