Universal Logistics (ULH) Financials

$23.03 -0.53 (-2.25%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$22.99 -0.04 (-0.17%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Universal Logistics

This table shows Universal Logistics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	130	93	169
Consolidated Net Income / (Loss)	130	93	169
Net Income / (Loss) Continuing Operations	130	93	169
Total Pre-Tax Income	174	124	225
Total Operating Income	203	145	240
Total Gross Profit	1,263	1,119	1,495
Total Revenue	1,846	1,662	2,015
Operating Revenue	1,846	1,662	2,015
Total Cost of Revenue	583	543	520
Operating Cost of Revenue	583	543	520
Total Operating Expenses	1,060	974	1,255
Selling, General & Admin Expense	378	254	267
Marketing Expense	26	27	23
Depreciation Expense	124	77	77
Other Operating Expenses / (Income)	527	616	889
Impairment Charge	3.72	0.00	0.00
Total Other Income / (Expense), net	-29	-21	-15
Interest Expense	34	24	16
Interest & Investment Income	4.27	1.45	0.13
Other Income / (Expense), net	0.84	1.61	1.14
Income Tax Expense	44	31	57
Basic Earnings per Share	$4.94	$3.53	$6.37
Weighted Average Basic Shares Outstanding	26.32M	26.28M	26.47M
Diluted Earnings per Share	$4.93	$3.53	$6.37
Weighted Average Diluted Shares Outstanding	26.35M	26.31M	26.49M
Weighted Average Basic & Diluted Shares Outstanding	26.32M	26.31M	26.28M
Cash Dividends to Common per Share	$0.42	$0.42	$0.42

This table shows Universal Logistics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	20	27	31	52	21	23	24	25	33	48
Consolidated Net Income / (Loss)	20	27	31	52	21	23	24	25	33	48
Net Income / (Loss) Continuing Operations	20	27	31	52	21	23	24	25	33	48
Total Pre-Tax Income	27	35	41	70	29	31	32	33	44	65
Total Operating Income	38	43	47	75	34	37	36	38	48	70
Total Gross Profit	290	295	327	351	260	286	275	298	329	379
Total Revenue	465	427	462	492	391	421	413	437	459	506
Operating Revenue	465	427	462	492	391	421	413	437	459	506
Total Cost of Revenue	175	132	135	141	131	135	138	139	130	127
Operating Cost of Revenue	175	132	135	141	131	135	138	139	130	127
Total Operating Expenses	252	252	280	276	226	250	238	260	281	309
Selling, General & Admin Expense	98	81	87	113	61	65	62	66	67	69
Marketing Expense	5.72	5.68	7.87	7.17	6.37	6.83	5.89	8.08	5.83	5.75
Depreciation Expense	36	30	37	21	20	19	19	19	18	15
Other Operating Expenses / (Income)	112	132	148	135	139	158	151	167	190	219
Total Other Income / (Expense), net	-11	-7.41	-5.99	-4.98	-5.44	-5.91	-4.84	-4.96	-3.85	-4.94
Interest Expense	12	8.55	7.79	6.30	6.20	6.54	5.74	5.73	5.43	4.50
Interest & Investment Income	2.01	1.13	0.91	0.22	0.04	0.05	0.62	0.75	0.12	0.01
Other Income / (Expense), net	-1.17	0.00	0.90	1.10	0.72	0.59	0.28	0.02	1.47	-0.45
Income Tax Expense	7.11	8.68	10	18	7.24	7.81	7.99	8.36	11	16
Basic Earnings per Share	$0.77	$1.01	$1.17	$1.99	$0.80	$0.88	$0.90	$0.95	$1.28	$1.84
Weighted Average Basic Shares Outstanding	26.32M	26.32M	26.32M	26.31M	26.28M	26.29M	26.29M	26.28M	26.47M	26.28M
Diluted Earnings per Share	$0.76	$1.01	$1.17	$1.99	$0.80	$0.88	$0.90	$0.95	$1.28	$1.84
Weighted Average Diluted Shares Outstanding	26.35M	26.35M	26.35M	26.33M	26.31M	26.31M	26.31M	26.31M	26.49M	26.31M
Weighted Average Basic & Diluted Shares Outstanding	26.32M	26.32M	26.32M	26.32M	26.31M	26.28M	26.29M	26.29M	26.28M	26.28M
Cash Dividends to Common per Share	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11

This table details how cash moves in and out of Universal Logistics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	6.84	-35	33
Net Cash From Operating Activities	112	210	213
Net Cash From Continuing Operating Activities	112	210	213
Net Income / (Loss) Continuing Operations	130	93	169
Consolidated Net Income / (Loss)	130	93	169
Depreciation Expense	124	77	77
Amortization Expense	0.96	0.81	0.55
Non-Cash Adjustments To Reconcile Net Income	4.02	1.09	5.51
Changes in Operating Assets and Liabilities, net	-147	38	-38
Net Cash From Investing Activities	-463	-237	-104
Net Cash From Continuing Investing Activities	-463	-237	-104
Purchase of Property, Plant & Equipment	-252	-241	-117
Acquisitions	-216	0.00	0.00
Purchase of Investments	0.00	0.00	-0.93
Sale of Property, Plant & Equipment	4.45	3.51	14
Sale and/or Maturity of Investments	0.02	0.27	0.00
Net Cash From Financing Activities	365	-8.56	-78
Net Cash From Continuing Financing Activities	365	-8.56	-78
Repayment of Debt	-491	-256	-834
Repurchase of Common Equity	-0.11	-0.13	-14
Payment of Dividends	-11	-11	-14
Issuance of Debt	867	258	784
Other Financing Activities, net	0.00	0.00	0.00
Effect of Exchange Rate Changes	-7.67	0.41	1.83
Cash Interest Paid	33	23	14
Cash Income Taxes Paid	19	25	41

This table details how cash moves in and out of Universal Logistics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	7.52	4.35	-3.64	-1.39	-4.30	-48	-12	30	33	-0.04
Net Cash From Operating Activities	60	6.20	9.55	37	49	56	40	64	69	75
Net Cash From Continuing Operating Activities	60	6.20	9.55	37	49	56	40	64	69	75
Net Income / (Loss) Continuing Operations	20	27	31	52	21	23	24	25	33	48
Consolidated Net Income / (Loss)	20	27	31	52	21	23	24	25	33	48
Depreciation Expense	36	30	37	21	20	19	19	19	18	15
Amortization Expense	0.24	0.24	0.24	0.24	0.24	0.19	0.19	0.19	0.19	0.15
Non-Cash Adjustments To Reconcile Net Income	-0.81	3.93	2.29	-1.39	-1.34	-0.41	1.27	1.56	-0.50	1.35
Changes in Operating Assets and Liabilities, net	3.74	-55	-61	-35	8.75	14	-3.70	19	17	10
Net Cash From Investing Activities	-244	-74	-76	-68	-48	-111	-47	-30	-27	-44
Net Cash From Continuing Investing Activities	-244	-74	-76	-68	-48	-111	-47	-30	-27	-44
Purchase of Property, Plant & Equipment	-41	-65	-77	-69	-48	-112	-49	-31	-31	-48
Acquisitions	-206	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	2.65	0.68	0.91	0.20	0.22	0.75	0.95	1.59	3.92	4.80
Net Cash From Financing Activities	199	71	67	29	-8.29	6.08	-2.63	-3.72	-14	-29
Net Cash From Continuing Financing Activities	199	71	67	29	-8.29	6.08	-2.63	-3.72	-14	-29
Repayment of Debt	-138	-82	-141	-130	-111	-110	-18	-17	-77	-288
Repurchase of Common Equity	-0.02	-	-0.08	0.00	-	-0.13	-	0.00	-0.02	-
Payment of Dividends	-2.76	-2.76	-2.76	-2.76	-2.76	-2.76	-2.76	-2.76	-2.76	-2.76
Issuance of Debt	339	155	211	162	106	119	18	16	66	261
Effect of Exchange Rate Changes	-6.93	1.90	-3.57	0.92	3.11	0.87	-2.15	-1.42	4.64	-1.88
Cash Interest Paid	13	6.89	7.40	6.11	6.34	6.04	5.54	5.48	4.93	3.76
Cash Income Taxes Paid	3.79	4.31	10	0.16	4.93	0.97	18	1.48	1.29	16

This table presents Universal Logistics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,787	1,254	1,204
Total Current Assets	410	365	460
Cash & Equivalents	19	13	47
Short-Term Investments	12	11	10
Note & Lease Receivable	0.00	0.00	0.00
Accounts Receivable	295	289	352
Prepaid Expenses	24	30	26
Other Current Assets	60	23	25
Plant, Property, & Equipment, net	742	561	391
Total Noncurrent Assets	635	327	353
Goodwill	207	171	171
Intangible Assets	151	61	74
Noncurrent Deferred & Refundable Income Taxes	0.33	1.23	1.39
Other Noncurrent Operating Assets	277	94	107
Total Liabilities & Shareholders' Equity	1,787	1,254	1,204
Total Liabilities	1,140	721	757
Total Current Liabilities	305	260	287
Short-Term Debt	89	71	65
Accounts Payable	60	64	87
Accrued Expenses	104	69	74
Current Deferred & Payable Income Tax Liabilities	0.38	6.36	12
Other Current Liabilities	52	51	49
Total Noncurrent Liabilities	835	461	470
Long-Term Debt	670	311	313
Noncurrent Deferred & Payable Income Tax Liabilities	109	80	70
Other Noncurrent Operating Liabilities	56	70	87
Total Equity & Noncontrolling Interests	647	532	447
Total Preferred & Common Equity	647	532	447
Total Common Equity	647	532	447
Common Stock	31	36	36
Retained Earnings	623	595	514
Treasury Stock	-0.11	-97	-97
Accumulated Other Comprehensive Income / (Loss)	-8.40	-3.87	-7.96
Other Equity Adjustments	1.18	1.35	2.16

This table presents Universal Logistics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	10/1/2022
Total Assets	1,555	1,472	1,385	1,259	1,235	1,235	1,199
Total Current Assets	406	383	367	389	448	474	459
Cash & Equivalents	12	7.49	11	17	65	77	15
Short-Term Investments	12	12	12	10	10	9.99	8.56
Note & Lease Receivable	0.00	0.00	0.00	0.00	0.00	-	-
Accounts Receivable	301	289	309	309	319	362	407
Prepaid Expenses	25	27	24	28	28	26	29
Other Current Assets	56	48	11	24	25	-	-
Plant, Property, & Equipment, net	698	658	614	534	439	406	377
Total Noncurrent Assets	451	431	404	336	349	355	363
Goodwill	167	171	171	171	171	171	171
Intangible Assets	55	52	56	64	68	71	78
Noncurrent Deferred & Refundable Income Taxes	1.23	1.23	1.23	1.39	1.39	1.39	2.06
Other Noncurrent Operating Assets	228	208	175	100	109	112	112
Total Liabilities & Shareholders' Equity	1,555	1,472	1,385	1,259	1,235	1,235	1,199
Total Liabilities	924	863	801	749	746	767	784
Total Current Liabilities	297	304	301	287	286	300	305
Short-Term Debt	86	80	73	70	70	68	62
Accounts Payable	78	74	74	84	77	84	108
Accrued Expenses	83	94	94	74	73	84	73
Current Deferred & Payable Income Tax Liabilities	3.73	5.35	13	16	9.15	18	11
Other Current Liabilities	47	50	47	44	57	47	51
Total Noncurrent Liabilities	627	560	500	462	460	467	479
Long-Term Debt	472	404	341	317	308	310	327
Noncurrent Deferred & Payable Income Tax Liabilities	104	98	91	70	70	70	61
Other Noncurrent Operating Liabilities	51	57	69	75	82	87	91
Total Equity & Noncontrolling Interests	631	609	584	510	489	468	415
Total Preferred & Common Equity	631	609	584	510	489	468	415
Total Common Equity	631	609	584	510	489	468	415
Common Stock	31	31	31	36	36	36	36
Retained Earnings	606	582	554	577	557	536	483
Treasury Stock	-0.08	-0.08	0.00	-97	-97	-97	-97
Accumulated Other Comprehensive Income / (Loss)	-6.35	-4.18	-1.17	-8.72	-6.52	-8.05	-9.30
Other Equity Adjustments	0.48	-	-	2.80	-	1.34	2.29

This table displays calculated financial ratios and metrics derived from Universal Logistics' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	11.06%	-17.53%	15.10%
EBITDA Growth	46.33%	-29.45%	78.89%
EBIT Growth	38.69%	-39.13%	119.26%
NOPAT Growth	39.71%	-39.56%	133.56%
Net Income Growth	39.83%	-44.91%	128.71%
EPS Growth	39.66%	-44.58%	132.48%
Operating Cash Flow Growth	-46.55%	-1.48%	156.25%
Free Cash Flow Firm Growth	-2,292.06%	-111.66%	121.49%
Invested Capital Growth	54.36%	15.96%	8.58%
Revenue Q/Q Growth	4.19%	-3.92%	-0.43%
EBITDA Q/Q Growth	6.03%	-5.51%	9.76%
EBIT Q/Q Growth	1.14%	-9.15%	11.86%
NOPAT Q/Q Growth	1.94%	-9.10%	11.42%
Net Income Q/Q Growth	-0.94%	-11.47%	11.39%
EPS Q/Q Growth	-0.80%	-11.97%	11.75%
Operating Cash Flow Q/Q Growth	10.52%	-8.63%	22.63%
Free Cash Flow Firm Q/Q Growth	-127.76%	-145.48%	30.91%
Invested Capital Q/Q Growth	18.04%	2.40%	-1.63%
Profitability Metrics	-	-	-
Gross Margin	68.41%	67.34%	74.19%
EBITDA Margin	17.83%	13.53%	15.82%
Operating Margin	11.00%	8.75%	11.93%
EBIT Margin	11.05%	8.85%	11.99%
Profit (Net Income) Margin	7.04%	5.59%	8.37%
Tax Burden Percent	74.77%	74.74%	74.81%
Interest Burden Percent	85.19%	84.53%	93.31%
Effective Tax Rate	25.23%	25.26%	25.19%
Return on Invested Capital (ROIC)	13.40%	13.10%	24.37%
ROIC Less NNEP Spread (ROIC-NNEP)	9.36%	8.46%	21.28%
Return on Net Nonoperating Assets (RNNOA)	8.63%	5.87%	20.65%
Return on Equity (ROE)	22.03%	18.98%	45.02%
Cash Return on Invested Capital (CROIC)	-29.34%	-1.68%	16.15%
Operating Return on Assets (OROA)	13.42%	11.97%	20.64%
Return on Assets (ROA)	8.55%	7.56%	14.41%
Return on Common Equity (ROCE)	22.03%	18.98%	45.02%
Return on Equity Simple (ROE_SIMPLE)	20.08%	17.46%	37.73%
Net Operating Profit after Tax (NOPAT)	152	109	180
NOPAT Margin	8.23%	6.54%	8.92%
Net Nonoperating Expense Percent (NNEP)	4.04%	4.65%	3.09%
Return On Investment Capital (ROIC_SIMPLE)	10.80%	11.89%	21.79%
Cost of Revenue to Revenue	31.59%	32.66%	25.81%
SG&A Expenses to Revenue	20.49%	15.29%	13.23%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	57.40%	58.59%	62.26%
Earnings before Interest and Taxes (EBIT)	204	147	242
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	329	225	319
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.86	1.36	1.91
Price to Tangible Book Value (P/TBV)	4.16	2.42	4.22
Price to Revenue (P/Rev)	0.65	0.44	0.42
Price to Earnings (P/E)	9.27	7.82	5.06
Dividend Yield	0.92%	1.52%	1.62%
Earnings Yield	10.79%	12.79%	19.76%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.22	1.53
Enterprise Value to Revenue (EV/Rev)	1.05	0.65	0.58
Enterprise Value to EBITDA (EV/EBITDA)	5.87	4.82	3.69
Enterprise Value to EBIT (EV/EBIT)	9.48	7.38	4.86
Enterprise Value to NOPAT (EV/NOPAT)	12.73	9.98	6.53
Enterprise Value to Operating Cash Flow (EV/OCF)	17.20	5.16	5.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	9.86
Leverage & Solvency	-	-	-
Debt to Equity	1.17	0.72	0.85
Long-Term Debt to Equity	1.04	0.58	0.70
Financial Leverage	0.92	0.69	0.97
Leverage Ratio	2.58	2.51	3.13
Compound Leverage Factor	2.20	2.12	2.92
Debt to Total Capital	53.98%	41.78%	45.85%
Short-Term Debt to Total Capital	6.32%	7.73%	7.91%
Long-Term Debt to Total Capital	47.67%	34.05%	37.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.02%	58.22%	54.15%
Debt to EBITDA	2.31	1.70	1.19
Net Debt to EBITDA	2.21	1.59	1.01
Long-Term Debt to EBITDA	2.04	1.38	0.98
Debt to NOPAT	5.00	3.51	2.10
Net Debt to NOPAT	4.79	3.30	1.79
Long-Term Debt to NOPAT	4.41	2.86	1.74
Altman Z-Score	2.60	3.08	3.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.35	1.40	1.60
Quick Ratio	1.07	1.20	1.43
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-332	-14	119
Operating Cash Flow to CapEx	45.47%	88.70%	207.56%
Free Cash Flow to Firm to Interest Expense	-9.64	-0.57	7.32
Operating Cash Flow to Interest Expense	3.26	8.69	13.10
Operating Cash Flow Less CapEx to Interest Expense	-3.91	-1.11	6.79
Efficiency Ratios	-	-	-
Asset Turnover	1.21	1.35	1.72
Accounts Receivable Turnover	6.33	5.19	5.60
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	2.83	3.49	5.47
Accounts Payable Turnover	9.40	7.18	5.08
Days Sales Outstanding (DSO)	57.70	70.31	65.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.82	50.85	71.90
Cash Conversion Cycle (CCC)	18.87	19.46	-6.69
Capital & Investment Metrics	-	-	-
Invested Capital	1,375	891	768
Invested Capital Turnover	1.63	2.00	2.73
Increase / (Decrease) in Invested Capital	484	123	61
Enterprise Value (EV)	1,933	1,085	1,175
Market Capitalization	1,204	726	853
Book Value per Share	$24.59	$20.25	$17.01
Tangible Book Value per Share	$10.99	$11.42	$7.70
Total Capital	1,406	914	825
Total Debt	759	382	379
Total Long-Term Debt	670	311	313
Net Debt	728	359	321
Capital Expenditures (CapEx)	247	237	103
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	152	181
Debt-free Net Working Capital (DFNWC)	194	176	238
Net Working Capital (NWC)	105	105	173
Net Nonoperating Expense (NNE)	22	16	11
Net Nonoperating Obligations (NNO)	728	359	321
Total Depreciation and Amortization (D&A)	125	78	77
Debt-free, Cash-free Net Working Capital to Revenue	8.84%	9.17%	8.97%
Debt-free Net Working Capital to Revenue	10.51%	10.57%	11.81%
Net Working Capital to Revenue	5.70%	6.32%	8.57%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$4.94	$3.53	$6.37
Adjusted Weighted Average Basic Shares Outstanding	26.32M	26.28M	26.47M
Adjusted Diluted Earnings per Share	$4.93	$3.53	$6.37
Adjusted Weighted Average Diluted Shares Outstanding	26.35M	26.31M	26.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.32M	26.31M	26.28M
Normalized Net Operating Profit after Tax (NOPAT)	155	109	180
Normalized NOPAT Margin	8.38%	6.54%	8.92%
Pre Tax Income Margin	9.41%	7.48%	11.18%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	5.92	6.07	14.83
NOPAT to Interest Expense	4.41	4.49	11.04
EBIT Less CapEx to Interest Expense	-1.25	-3.72	8.52
NOPAT Less CapEx to Interest Expense	-2.76	-5.30	4.73
Payout Ratios	-	-	-
Dividend Payout Ratio	8.51%	11.88%	8.27%
Augmented Payout Ratio	8.59%	12.03%	16.76%

This table displays calculated financial ratios and metrics derived from Universal Logistics' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.98%	1.33%	12.02%	12.46%	-14.78%	-16.70%	-21.74%	-16.51%	-1.85%	13.49%
EBITDA Growth	34.02%	28.53%	51.80%	70.67%	-19.25%	-32.64%	-38.41%	-24.26%	71.21%	154.73%
EBIT Growth	6.61%	14.16%	30.87%	99.41%	-29.86%	-46.12%	-42.53%	-35.02%	106.59%	317.52%
NOPAT Growth	11.11%	16.99%	29.54%	96.51%	-29.91%	-47.37%	-43.66%	-33.69%	103.00%	313.34%
Net Income Growth	-5.77%	15.16%	30.42%	110.87%	-35.98%	-52.46%	-47.28%	-40.78%	106.44%	371.92%
EPS Growth	-5.00%	14.77%	30.00%	109.47%	-37.50%	-52.17%	-46.75%	-39.10%	109.84%	384.21%
Operating Cash Flow Growth	21.82%	-88.97%	-76.41%	-42.80%	-28.84%	-25.18%	43.56%	56.81%	133.33%	25,646.23%
Free Cash Flow Firm Growth	-369.45%	-326.74%	-416.17%	-733.66%	-299.14%	-238.24%	176.58%	-1,023.91%	-359.64%	4.80%
Invested Capital Growth	54.36%	33.90%	35.51%	28.44%	15.96%	11.40%	-6.01%	6.71%	8.58%	9.90%
Revenue Q/Q Growth	8.97%	-7.64%	-6.05%	25.83%	-7.20%	2.10%	-5.68%	-4.65%	-9.29%	-4.08%
EBITDA Q/Q Growth	0.80%	-13.98%	-12.44%	76.52%	-3.33%	1.60%	-1.56%	-16.48%	-19.37%	-7.10%
EBIT Q/Q Growth	-12.96%	-11.17%	-37.00%	118.87%	-6.79%	1.83%	-4.01%	-23.01%	-28.40%	8.60%
NOPAT Q/Q Growth	-11.88%	-8.76%	-37.33%	120.50%	-7.21%	1.04%	-4.93%	-21.35%	-30.34%	8.17%
Net Income Q/Q Growth	-23.98%	-13.65%	-41.41%	144.99%	-7.09%	-2.20%	-5.27%	-25.62%	-31.01%	8.46%
EPS Q/Q Growth	-24.75%	-13.68%	-41.21%	148.75%	-9.09%	-2.22%	-5.26%	-25.78%	-30.43%	8.88%
Operating Cash Flow Q/Q Growth	863.21%	-35.06%	-74.11%	-24.79%	-12.82%	38.94%	-37.22%	-6.42%	-8.34%	166.61%
Free Cash Flow Firm Q/Q Growth	-73.50%	-6.76%	-54.09%	-65.72%	-57.72%	-179.10%	506.30%	21.25%	-33.66%	82.09%
Invested Capital Q/Q Growth	18.04%	8.50%	10.09%	9.55%	2.40%	9.81%	4.35%	-1.17%	-1.63%	-7.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.40%	69.06%	70.68%	71.38%	66.55%	67.98%	66.54%	68.20%	71.72%	74.86%
EBITDA Margin	15.86%	17.14%	18.40%	19.75%	14.08%	13.51%	13.58%	13.01%	14.86%	16.71%
Operating Margin	8.23%	9.99%	10.19%	15.27%	8.72%	8.73%	8.82%	8.73%	10.50%	13.80%
EBIT Margin	7.98%	9.99%	10.39%	15.49%	8.91%	8.87%	8.89%	8.74%	10.82%	13.71%
Profit (Net Income) Margin	4.34%	6.22%	6.65%	10.66%	5.48%	5.47%	5.71%	5.69%	7.29%	9.59%
Tax Burden Percent	73.95%	75.35%	74.75%	74.81%	74.73%	74.70%	74.68%	74.85%	75.47%	74.78%
Interest Burden Percent	73.52%	82.61%	85.66%	92.02%	82.30%	82.61%	86.04%	86.98%	89.29%	93.52%
Effective Tax Rate	26.05%	24.65%	25.25%	25.19%	25.27%	25.30%	25.32%	25.15%	24.53%	25.22%
Return on Invested Capital (ROIC)	9.92%	13.11%	14.42%	22.61%	13.06%	13.66%	14.62%	17.14%	21.64%	28.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.42%	11.86%	13.26%	21.52%	11.86%	12.44%	13.69%	16.03%	20.84%	27.07%
Return on Net Nonoperating Assets (RNNOA)	7.76%	9.29%	9.27%	13.95%	8.24%	9.76%	12.45%	13.37%	20.22%	30.37%
Return on Equity (ROE)	17.68%	22.39%	23.69%	36.56%	21.30%	23.42%	27.07%	30.52%	41.86%	58.38%
Cash Return on Invested Capital (CROIC)	-29.34%	-14.34%	-14.69%	-9.18%	-1.68%	3.70%	23.85%	15.99%	16.15%	12.21%
Operating Return on Assets (OROA)	9.69%	12.58%	13.55%	20.30%	12.05%	12.48%	13.29%	13.90%	18.63%	23.92%
Return on Assets (ROA)	5.27%	7.83%	8.68%	13.97%	7.41%	7.70%	8.54%	9.05%	12.55%	16.73%
Return on Common Equity (ROCE)	17.68%	22.39%	23.69%	36.56%	21.30%	23.42%	27.07%	30.52%	41.86%	58.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	20.78%	20.96%	20.63%	0.00%	20.57%	26.64%	32.35%	0.00%	36.48%
Net Operating Profit after Tax (NOPAT)	28	32	35	56	25	27	27	29	36	52
NOPAT Margin	6.09%	7.53%	7.62%	11.42%	6.52%	6.52%	6.59%	6.54%	7.92%	10.32%
Net Nonoperating Expense Percent (NNEP)	1.50%	1.25%	1.17%	1.09%	1.20%	1.22%	0.93%	1.11%	0.80%	0.94%
Return On Investment Capital (ROIC_SIMPLE)	2.01%	-	-	-	2.79%	-	-	-	4.40%	-
Cost of Revenue to Revenue	37.60%	30.94%	29.32%	28.62%	33.45%	32.02%	33.46%	31.80%	28.28%	25.14%
SG&A Expenses to Revenue	20.97%	18.87%	18.86%	22.96%	15.54%	15.44%	15.07%	15.15%	14.51%	13.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.17%	59.07%	60.49%	56.11%	57.83%	59.26%	57.72%	59.47%	61.22%	61.06%
Earnings before Interest and Taxes (EBIT)	37	43	48	76	35	37	37	38	50	69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	74	73	85	97	55	57	56	57	68	85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.86	1.79	1.75	1.66	1.36	1.28	1.53	1.61	1.91	1.96
Price to Tangible Book Value (P/TBV)	4.16	2.76	2.76	2.71	2.42	2.38	2.98	3.32	4.22	4.89
Price to Revenue (P/Rev)	0.65	0.64	0.60	0.56	0.44	0.38	0.41	0.39	0.42	0.40
Price to Earnings (P/E)	9.27	8.59	8.37	8.03	7.82	6.23	5.73	4.97	5.06	5.38
Dividend Yield	0.92%	0.98%	1.03%	1.14%	1.52%	1.69%	1.48%	1.83%	1.62%	1.69%
Earnings Yield	10.79%	11.64%	11.95%	12.45%	12.79%	16.05%	17.45%	20.12%	19.76%	18.60%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.43	1.43	1.39	1.22	1.17	1.33	1.37	1.53	1.51
Enterprise Value to Revenue (EV/Rev)	1.05	0.94	0.87	0.79	0.65	0.59	0.58	0.54	0.58	0.58
Enterprise Value to EBITDA (EV/EBITDA)	5.87	5.35	5.21	5.13	4.82	4.26	3.95	3.47	3.69	4.06
Enterprise Value to EBIT (EV/EBIT)	9.48	8.23	7.81	7.34	7.38	6.26	5.42	4.72	4.86	5.46
Enterprise Value to NOPAT (EV/NOPAT)	12.73	11.14	10.62	9.97	9.98	8.48	7.28	6.31	6.53	7.31
Enterprise Value to Operating Cash Flow (EV/OCF)	17.20	16.33	10.10	7.44	5.16	4.41	4.22	4.41	5.50	6.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	33.18	5.39	8.88	9.86	12.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.17	0.88	0.79	0.71	0.72	0.76	0.77	0.81	0.85	0.94
Long-Term Debt to Equity	1.04	0.75	0.66	0.58	0.58	0.62	0.63	0.66	0.70	0.79
Financial Leverage	0.92	0.78	0.70	0.65	0.69	0.78	0.91	0.83	0.97	1.12
Leverage Ratio	2.58	2.47	2.47	2.49	2.51	2.66	2.83	3.02	3.13	3.30
Compound Leverage Factor	1.90	2.04	2.11	2.29	2.07	2.20	2.44	2.63	2.79	3.09
Debt to Total Capital	53.98%	46.91%	44.28%	41.49%	41.78%	43.15%	43.58%	44.65%	45.85%	48.39%
Short-Term Debt to Total Capital	6.32%	7.22%	7.31%	7.36%	7.73%	7.78%	8.07%	7.98%	7.91%	7.77%
Long-Term Debt to Total Capital	47.67%	39.69%	36.97%	34.13%	34.05%	35.37%	35.51%	36.66%	37.94%	40.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.02%	53.09%	55.72%	58.51%	58.22%	56.85%	56.42%	55.35%	54.15%	51.61%
Debt to EBITDA	2.31	1.80	1.64	1.56	1.70	1.63	1.42	1.26	1.19	1.34
Net Debt to EBITDA	2.21	1.72	1.58	1.48	1.59	1.51	1.14	0.97	1.01	1.26
Long-Term Debt to EBITDA	2.04	1.52	1.37	1.28	1.38	1.33	1.16	1.03	0.98	1.12
Debt to NOPAT	5.00	3.74	3.35	3.04	3.51	3.24	2.62	2.28	2.10	2.41
Net Debt to NOPAT	4.79	3.58	3.22	2.87	3.30	3.01	2.10	1.76	1.79	2.27
Long-Term Debt to NOPAT	4.41	3.17	2.80	2.50	2.86	2.65	2.13	1.88	1.74	2.02
Altman Z-Score	2.29	2.59	2.67	2.76	2.79	2.73	2.96	3.03	3.26	3.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.36	1.26	1.22	1.40	1.36	1.56	1.58	1.60	1.50
Quick Ratio	1.07	1.09	1.01	1.10	1.20	1.17	1.38	1.49	1.43	1.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-456	-263	-246	-160	-97	-62	78	-19	-24	-18
Operating Cash Flow to CapEx	156.63%	9.63%	12.53%	53.94%	101.67%	50.44%	85.13%	216.76%	251.73%	172.96%
Free Cash Flow to Firm to Interest Expense	-38.51	-30.75	-31.59	-25.37	-15.67	-9.42	13.56	-3.35	-4.48	-4.05
Operating Cash Flow to Interest Expense	5.05	0.73	1.23	5.86	7.91	8.60	7.05	11.26	12.69	16.71
Operating Cash Flow Less CapEx to Interest Expense	1.82	-6.81	-8.56	-5.00	0.13	-8.45	-1.23	6.06	7.65	7.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.21	1.26	1.30	1.31	1.35	1.41	1.50	1.59	1.72	1.74
Accounts Receivable Turnover	6.33	5.80	5.81	5.12	5.19	4.83	4.87	4.92	5.60	5.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.83	2.88	3.22	3.37	3.49	3.80	4.64	5.19	5.47	5.60
Accounts Payable Turnover	9.40	6.64	7.19	6.91	7.18	5.66	5.47	4.88	5.08	4.61
Days Sales Outstanding (DSO)	57.70	62.92	62.85	71.27	70.31	75.53	74.98	74.23	65.22	68.35
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.82	54.95	50.76	52.83	50.85	64.49	66.77	74.78	71.90	79.20
Cash Conversion Cycle (CCC)	18.87	7.97	12.09	18.44	19.46	11.04	8.21	-0.55	-6.69	-10.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,375	1,165	1,074	975	891	870	792	759	768	781
Invested Capital Turnover	1.63	1.74	1.89	1.98	2.00	2.10	2.22	2.62	2.73	2.71
Increase / (Decrease) in Invested Capital	484	295	281	216	123	89	-51	48	61	70
Enterprise Value (EV)	1,933	1,660	1,533	1,359	1,085	1,014	1,050	1,044	1,175	1,180
Market Capitalization	1,204	1,126	1,068	968	726	654	747	753	853	814
Book Value per Share	$24.59	$23.98	$23.14	$22.20	$20.25	$19.41	$18.62	$17.82	$17.01	$15.79
Tangible Book Value per Share	$10.99	$15.53	$14.68	$13.56	$11.42	$10.46	$9.55	$8.63	$7.70	$6.34
Total Capital	1,406	1,188	1,093	998	914	897	867	846	825	804
Total Debt	759	557	484	414	382	387	378	378	379	389
Total Long-Term Debt	670	472	404	341	311	317	308	310	313	327
Net Debt	728	534	465	391	359	360	303	291	321	366
Capital Expenditures (CapEx)	38	64	76	68	48	112	48	30	27	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	171	140	117	152	145	157	154	181	193
Debt-free Net Working Capital (DFNWC)	194	194	159	140	176	172	232	241	238	216
Net Working Capital (NWC)	105	108	79	67	105	102	162	174	173	154
Net Nonoperating Expense (NNE)	8.13	5.58	4.47	3.72	4.07	4.41	3.61	3.71	2.90	3.70
Net Nonoperating Obligations (NNO)	728	534	465	391	359	360	303	291	321	366
Total Depreciation and Amortization (D&A)	37	31	37	21	20	20	19	19	19	15
Debt-free, Cash-free Net Working Capital to Revenue	8.84%	9.63%	7.92%	6.82%	9.17%	8.37%	8.63%	8.00%	8.97%	9.54%
Debt-free Net Working Capital to Revenue	10.51%	10.96%	9.00%	8.15%	10.57%	9.95%	12.77%	12.50%	11.81%	10.69%
Net Working Capital to Revenue	5.70%	6.12%	4.48%	3.88%	6.32%	5.91%	8.91%	9.00%	8.57%	7.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.77	$1.01	$1.17	$1.99	$0.80	$0.88	$0.90	$0.95	$1.28	$1.84
Adjusted Weighted Average Basic Shares Outstanding	26.32M	26.32M	26.32M	26.31M	26.28M	26.29M	26.29M	26.28M	26.47M	26.28M
Adjusted Diluted Earnings per Share	$0.76	$1.01	$1.17	$1.99	$0.80	$0.88	$0.90	$0.95	$1.28	$1.84
Adjusted Weighted Average Diluted Shares Outstanding	26.35M	26.35M	26.35M	26.33M	26.31M	26.31M	26.31M	26.31M	26.49M	26.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.32M	26.32M	26.32M	26.32M	26.31M	26.28M	26.29M	26.29M	26.28M	26.28M
Normalized Net Operating Profit after Tax (NOPAT)	28	35	35	56	25	27	27	29	36	52
Normalized NOPAT Margin	6.09%	8.18%	7.62%	11.42%	6.52%	6.52%	6.59%	6.54%	7.92%	10.32%
Pre Tax Income Margin	5.87%	8.25%	8.90%	14.25%	7.33%	7.32%	7.65%	7.60%	9.66%	12.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.13	4.99	6.16	12.10	5.62	5.71	6.39	6.67	9.14	15.40
NOPAT to Interest Expense	2.39	3.76	4.52	8.92	4.11	4.20	4.73	4.99	6.69	11.60
EBIT Less CapEx to Interest Expense	-0.09	-2.55	-3.62	1.24	-2.17	-11.34	-1.89	1.48	4.10	5.74
NOPAT Less CapEx to Interest Expense	-0.83	-3.78	-5.26	-1.94	-3.67	-12.85	-3.55	-0.20	1.65	1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.51%	8.43%	8.65%	9.17%	11.88%	10.52%	8.47%	7.30%	8.27%	7.39%
Augmented Payout Ratio	8.59%	8.49%	8.82%	9.28%	12.03%	10.66%	8.48%	13.28%	16.76%	16.83%

Frequently Asked Questions About Universal Logistics' Financials

When does Universal Logistics's financial year end?

According to the most recent income statement we have on file, Universal Logistics' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Universal Logistics' net income changed over the last 2 years?

Universal Logistics' net income appears to be on a downward trend, with a most recent value of $129.91 million in 2024, falling from $168.63 million in 2022. The previous period was $92.90 million in 2023. View Universal Logistics' forecast to see where analysts expect Universal Logistics to go next.

What is Universal Logistics's operating income?

Universal Logistics's total operating income in 2024 was $203.11 million, based on the following breakdown:

Total Gross Profit: $1.26 billion
Total Operating Expenses: $1.06 billion

How has Universal Logistics revenue changed over the last 2 years?

Over the last 2 years, Universal Logistics' total revenue changed from $2.02 billion in 2022 to $1.85 billion in 2024, a change of -8.4%.

How much debt does Universal Logistics have?

Universal Logistics' total liabilities were at $1.14 billion at the end of 2024, a 58.0% increase from 2023, and a 50.6% increase since 2022.

How much cash does Universal Logistics have?

In the past 2 years, Universal Logistics' cash and equivalents has ranged from $12.51 million in 2023 to $47.18 million in 2022, and is currently $19.35 million as of their latest financial filing in 2024.

How has Universal Logistics' book value per share changed over the last 2 years?

Over the last 2 years, Universal Logistics' book value per share changed from 17.01 in 2022 to 24.59 in 2024, a change of 44.5%.

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This page (NASDAQ:ULH) was last updated on 5/24/2025 by MarketBeat.com Staff

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Universal Logistics (ULH) Financials

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Universal Logistics (ULH) Financials

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