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Universal Logistics (ULH) Financials

Universal Logistics logo
$14.03 +0.07 (+0.50%)
Closing price 07/7/2026 04:00 PM Eastern
Extended Trading
$14.02 -0.01 (-0.11%)
As of 04:05 AM Eastern
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Annual Income Statements for Universal Logistics

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 40 24 28 52 38 48 74 169 93 130 -100
Consolidated Net Income / (Loss)		 40 24 28 52 38 48 74 169 93 130 -100
Net Income / (Loss) Continuing Operations		 40 24 28 52 38 48 74 169 93 130 -100
Total Pre-Tax Income 		65 39 17 69 50 64 99 225 124 174 -100
Total Operating Income		 73 47 25 84 65 80 103 240 145 203 -64
Total Gross Profit		 906 807 902 391 1,144 1,053 1,297 1,495 1,119 1,263 873
Total Revenue		 1,129 1,073 1,217 1,462 1,512 1,391 1,751 2,015 1,662 1,846 1,558
Operating Revenue		 1,129 1,073 1,217 1,462 1,512 1,391 1,751 2,015 1,662 1,846 1,558
Total Cost of Revenue		 222 265 314 1,071 368 338 454 520 543 583 686
Operating Cost of Revenue		 222 265 314 1,071 368 338 454 520 543 583 686
Total Operating Expenses		 833 761 877 307 1,078 973 1,194 1,255 974 1,060 937
Selling, General & Admin Expense		 182 165 180 192 196 171 225 267 254 378 277
Marketing Expense		 21 18 42 30 47 19 39 23 27 26 30
Depreciation Expense		 35 37 47 54 75 74 68 77 77 124 146
Other Operating Expenses / (Income)		 595 542 608 31 760 709 862 889 616 527 360
Impairment Charge		 - - - - - - - 0.00 0.00 3.72 124
Total Other Income / (Expense), net		 -8.39 -7.18 -8.07 -14 -15 -16 -4.38 -15 -21 -29 -36
Interest Expense		 9.24 8.27 9.54 15 17 15 12 16 24 34 49
Interest & Investment Income		 0.06 0.16 0.09 0.08 0.07 0.05 0.04 0.13 1.45 4.27 11
Other Income / (Expense), net		 0.79 0.93 1.37 0.19 1.82 -1.87 7.22 1.14 1.61 0.84 2.14
Income Tax Expense		 25 15 -11 17 13 16 25 57 31 44 -0.14
Basic Earnings per Share		 $1.37 $0.85 $0.99 $1.84 $1.34 $1.78 $2.74 $6.37 $3.53 $4.94 ($3.79)
Weighted Average Basic Shares Outstanding		 29.23M 28.41M 28.43M 28.38M 28.07M 27.00M 26.92M 26.47M 26.28M 26.32M 26.33M
Diluted Earnings per Share		 $1.37 $0.85 $0.99 $1.84 $1.34 $1.78 $2.74 $6.37 $3.53 $4.93 ($3.79)
Weighted Average Diluted Shares Outstanding		 29.24M 28.41M 28.43M 28.39M 28.07M 27M 26.93M 26.49M 26.31M 26.35M 26.34M
Weighted Average Basic & Diluted Shares Outstanding		 29.20M 28.50M 28.40M 28.40M 27.24M 26.92M 26.83M 26.28M 26.31M 26.32M 26.35M
Cash Dividends to Common per Share		 $0.28 $0.28 $0.28 $0.53 $0.42 $0.21 $0.42 $0.42 $0.42 $0.42 $0.42

Quarterly Income Statements for Universal Logistics

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 4/4/2026
Net Income / (Loss) Attributable to Common Shareholders		 23 21 52 31 27 20 6.01 8.32 -118 3.74 -3.51
Consolidated Net Income / (Loss)		 23 21 52 31 27 20 6.01 8.32 -118 3.74 -3.51
Net Income / (Loss) Continuing Operations		 23 21 52 31 27 20 6.01 8.32 -118 3.74 -3.51
Total Pre-Tax Income 		31 29 70 41 35 27 8.03 11 -127 7.33 -4.63
Total Operating Income		 37 34 75 47 43 38 16 20 -117 17 4.78
Total Gross Profit		 286 260 351 327 295 290 218 226 220 209 191
Total Revenue		 421 391 492 462 427 465 382 394 397 385 368
Operating Revenue		 421 391 492 462 427 465 382 394 397 385 368
Total Cost of Revenue		 135 131 141 135 132 175 165 168 177 176 176
Operating Cost of Revenue		 135 131 141 135 132 175 165 168 177 176 176
Total Operating Expenses		 250 226 276 280 252 252 202 206 338 192 187
Selling, General & Admin Expense		 65 61 113 87 81 98 69 69 75 64 67
Marketing Expense		 6.83 6.37 7.17 7.87 5.68 5.72 6.97 7.60 8.49 7.03 7.60
Depreciation Expense		 19 20 21 37 30 36 35 36 35 39 36
Other Operating Expenses / (Income)		 158 139 135 148 132 112 91 93 94 82 76
Total Other Income / (Expense), net		 -5.91 -5.44 -4.98 -5.99 -7.41 -11 -7.65 -8.70 -9.15 -10 -9.41
Interest Expense		 6.54 6.20 6.30 7.79 8.55 12 11 12 13 13 12
Interest & Investment Income		 0.05 0.04 0.22 0.91 1.13 2.01 2.93 2.74 2.86 2.69 2.62
Other Income / (Expense), net		 0.59 0.72 1.10 0.90 0.00 -1.17 0.58 0.15 0.83 0.58 0.30
Income Tax Expense		 7.81 7.24 18 10 8.68 7.11 2.02 2.87 -8.62 3.59 -1.12
Basic Earnings per Share		 $0.88 $0.80 $1.99 $1.17 $1.01 $0.77 $0.23 $0.32 ($4.48) $0.14 ($0.13)
Weighted Average Basic Shares Outstanding		 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M 26.33M 26.33M 26.33M 26.35M
Diluted Earnings per Share		 $0.88 $0.80 $1.99 $1.17 $1.01 $0.76 $0.23 $0.32 ($4.48) $0.14 ($0.13)
Weighted Average Diluted Shares Outstanding		 26.31M 26.31M 26.33M 26.35M 26.35M 26.35M 26.35M 26.34M 26.34M 26.34M 26.35M
Weighted Average Basic & Diluted Shares Outstanding		 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M 26.33M 26.33M 26.33M 26.35M 26.37M
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 $0.11

Annual Cash Flow Statements for Universal Logistics

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 4.93 -11 -0.60 4.06 2.00 1.04 5.17 33 -35 6.84 7.50
Net Cash From Operating Activities		 78 69 84 95 128 99 83 213 210 112 183
Net Cash From Continuing Operating Activities		 78 69 84 95 128 96 83 213 210 112 183
Net Income / (Loss) Continuing Operations		 40 24 28 52 38 48 74 169 93 130 -100
Consolidated Net Income / (Loss)		 40 24 28 52 38 48 74 169 93 130 -100
Depreciation Expense		 35 37 47 54 75 74 68 77 77 124 146
Amortization Expense		 0.65 0.31 0.32 1.33 0.59 0.59 0.48 0.55 0.81 0.96 1.02
Non-Cash Adjustments To Reconcile Net Income		 4.89 3.42 1.01 1.63 1.26 4.23 5.18 5.51 1.09 4.02 123
Changes in Operating Assets and Liabilities, net		 -2.11 3.95 7.37 -15 14 -31 -64 -38 38 -147 13
Net Cash From Investing Activities		 -26 -94 -61 -229 -143 -87 -33 -104 -237 -463 -203
Net Cash From Continuing Investing Activities		 -26 -94 -61 -229 -143 -87 -33 -104 -237 -463 -203
Purchase of Property, Plant & Equipment		 -26 -97 -63 -67 -80 -91 -39 -117 -241 -252 -224
Acquisitions		 - - - -174 -76 -1.30 0.00 0.00 0.00 -216 0.00
Sale of Property, Plant & Equipment		 0.82 2.43 1.21 3.90 11 4.19 5.61 14 3.51 4.45 18
Sale and/or Maturity of Investments		 0.44 0.87 1.26 5.73 1.60 1.62 0.12 0.00 0.27 0.02 2.98
Net Cash From Financing Activities		 -46 14 -23 139 17 -8.95 -45 -78 -8.56 365 26
Net Cash From Continuing Financing Activities		 -46 14 -23 139 17 -8.95 -45 -78 -8.56 365 26
Repayment of Debt		 -339 -298 -369 -593 -379 -458 -458 -834 -256 -491 -805
Repurchase of Common Equity		 -35 -0.03 -1.49 -0.93 -25 -5.14 0.00 -14 -0.13 -0.11 -0.09
Payment of Dividends		 -8.17 -7.95 -7.96 -11 -15 -5.73 -11 -14 -11 -11 -11
Issuance of Debt		 336 320 356 744 436 460 424 784 258 867 842
Effect of Exchange Rate Changes		 -1.05 0.16 - - 0.28 -2.79 -0.32 1.83 0.41 -7.67 1.81
Cash Interest Paid		 7.65 7.80 9.10 13 16 14 11 14 23 33 48
Cash Income Taxes Paid		 22 21 2.21 4.79 12 3.78 36 41 25 19 20

Quarterly Cash Flow Statements for Universal Logistics

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 4/4/2026
Net Change in Cash & Equivalents		 -48 -4.30 -1.39 -3.64 4.35 7.52 1.25 3.74 3.04 -0.54 -8.92
Net Cash From Operating Activities		 56 49 37 9.55 6.20 60 84 26 26 47 33
Net Cash From Continuing Operating Activities		 56 49 37 9.55 6.20 60 84 26 26 47 33
Net Income / (Loss) Continuing Operations		 23 21 52 31 27 20 6.01 8.32 -118 3.74 -3.51
Consolidated Net Income / (Loss)		 23 21 52 31 27 20 6.01 8.32 -118 3.74 -3.51
Depreciation Expense		 19 20 21 37 30 36 35 36 35 39 36
Amortization Expense		 0.19 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.29 0.31
Non-Cash Adjustments To Reconcile Net Income		 -0.41 -1.34 -1.39 2.29 3.93 -0.81 -0.72 -0.37 126 -1.37 -4.99
Changes in Operating Assets and Liabilities, net		 14 8.75 -35 -61 -55 3.74 43 -19 -17 5.40 5.95
Net Cash From Investing Activities		 -111 -48 -68 -76 -74 -244 -51 -79 -52 -22 1.98
Net Cash From Continuing Investing Activities		 -111 -48 -68 -76 -74 -244 -51 -79 -52 -22 1.98
Purchase of Property, Plant & Equipment		 -112 -48 -69 -77 -65 -41 -53 -84 -54 -33 -9.57
Purchase of Investments		 - - 0.00 - - - 0.00 - - - 0.00
Sale of Property, Plant & Equipment		 0.75 0.22 0.20 0.91 0.68 2.65 0.94 3.54 2.06 11 0.91
Sale and/or Maturity of Investments		 0.11 0.07 0.00 - 0.02 - 0.14 2.18 0.66 - 11
Net Cash From Financing Activities		 6.08 -8.29 29 67 71 199 -25 56 26 -30 -50
Net Cash From Continuing Financing Activities		 6.08 -8.29 29 67 71 199 -25 56 26 -30 -50
Repayment of Debt		 -110 -111 -130 -141 -82 -138 -158 -134 -159 -354 -159
Repurchase of Common Equity		 -0.13 - 0.00 -0.08 - -0.02 0.00 -0.09 - - 0.00
Payment of Dividends		 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.77 -2.76 -2.77
Issuance of Debt		 119 106 162 211 155 339 135 193 188 327 111
Effect of Exchange Rate Changes		 0.87 3.11 0.92 -3.57 1.90 -6.93 -6.21 0.90 3.22 3.89 6.05
Cash Interest Paid		 6.04 6.34 6.11 7.40 6.89 13 8.98 11 12 16 13
Cash Income Taxes Paid		 0.97 4.93 0.16 10 4.31 3.79 0.54 17 1.43 1.62 0.52

Annual Balance Sheets for Universal Logistics

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 503 570 611 843 995 1,063 1,137 1,204 1,254 1,787 1,772
Total Current Assets		 203 207 229 275 272 322 421 460 365 410 383
Cash & Equivalents		 13 1.76 1.67 5.73 7.73 8.76 14 47 13 19 27
Short-Term Investments		 13 14 15 9.33 9.37 6.53 8.03 10 11 12 10
Note & Lease Receivable		 - - - - - - - 0.00 0.00 0.00 0.00
Accounts Receivable		 159 163 191 240 231 283 369 352 289 295 262
Prepaid Expenses		 18 29 21 20 20 23 30 26 30 25 26
Other Current Assets		 - - - - - - - 25 23 59 57
Plant, Property, & Equipment, net		 177 246 267 303 340 365 346 391 561 742 819
Total Noncurrent Assets		 123 117 115 265 384 377 371 353 327 635 570
Goodwill		 74 74 74 145 168 171 171 171 171 207 106
Intangible Assets		 45 37 31 114 116 102 88 74 61 151 109
Noncurrent Deferred & Refundable Income Taxes		 0.08 0.16 4.15 2.55 1.46 2.16 2.06 1.39 1.23 0.33 1.09
Other Noncurrent Operating Assets		 3.89 4.89 4.83 3.18 98 102 110 107 94 277 354
Total Liabilities & Shareholders' Equity		 503 570 611 843 995 1,063 1,137 1,204 1,254 1,787 1,772
Total Liabilities		 372 423 442 634 790 823 835 757 721 1,140 1,232
Total Current Liabilities		 154 145 199 221 250 273 313 287 260 305 318
Short-Term Debt		 62 34 41 52 59 60 61 65 71 89 115
Accounts Payable		 46 66 84 92 92 98 118 87 64 60 61
Accrued Expenses		 41 40 62 57 84 65 87 74 69 104 88
Current Deferred & Payable Income Tax Liabilities		 1.05 - - 2.68 0.00 12 4.32 12 6.36 0.38 8.05
Other Current Liabilities		 3.41 4.60 12 18 15 39 42 49 51 52 47
Total Noncurrent Liabilities		 218 278 243 413 540 551 523 470 461 835 914
Long-Term Debt		 172 227 207 349 398 400 366 313 311 670 683
Noncurrent Deferred & Payable Income Tax Liabilities		 40 48 32 59 66 64 61 70 80 109 82
Other Noncurrent Operating Liabilities		 4.48 3.58 3.29 4.90 5.70 86 95 87 70 56 148
Total Equity & Noncontrolling Interests		 131 148 169 209 205 240 302 447 532 647 540
Total Preferred & Common Equity		 131 148 169 209 205 240 302 447 532 647 540
Total Common Equity		 131 148 169 209 205 240 302 447 532 647 540
Common Stock		 34 34 35 35 35 35 36 36 36 31 32
Retained Earnings		 150 166 186 232 251 294 356 514 595 623 512
Treasury Stock		 -50 -50 -52 -52 -77 -82 -82 -97 -97 -0.11 -0.19
Accumulated Other Comprehensive Income / (Loss)		 -2.44 -2.63 -0.71 -5.26 -4.01 -6.67 -6.93 -7.96 -3.87 -8.40 -3.58
Other Equity Adjustments		 - - - 0.30 - -0.48 -0.18 2.16 1.35 1.18 0.25

Quarterly Balance Sheets for Universal Logistics

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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 10/1/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
Total Assets		 1,199 1,235 1,235 1,259 1,385 1,472 1,555 1,800 1,860 1,774 1,724
Total Current Assets		 459 474 448 389 367 383 406 389 393 429 359
Cash & Equivalents		 15 77 65 17 11 7.49 12 21 24 27 18
Short-Term Investments		 8.56 9.99 10 10 12 12 12 12 9.86 9.79 0.00
Note & Lease Receivable		 - - 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Accounts Receivable		 407 362 319 309 309 289 301 260 257 280 258
Prepaid Expenses		 29 26 28 28 24 27 25 33 32 32 27
Other Current Assets		 - - 25 24 11 48 56 63 62 63 57
Plant, Property, & Equipment, net		 377 406 439 534 614 658 698 764 815 832 796
Total Noncurrent Assets		 363 355 349 336 404 431 451 647 652 513 569
Goodwill		 171 171 171 171 171 171 167 207 207 106 106
Intangible Assets		 78 71 68 64 56 52 55 143 137 111 106
Noncurrent Deferred & Refundable Income Taxes		 2.06 1.39 1.39 1.39 1.23 1.23 1.23 0.33 0.33 0.33 1.09
Other Noncurrent Operating Assets		 112 112 109 100 175 208 228 297 307 296 356
Total Liabilities & Shareholders' Equity		 1,199 1,235 1,235 1,259 1,385 1,472 1,555 1,800 1,860 1,774 1,724
Total Liabilities		 784 767 746 749 801 863 924 1,154 1,206 1,239 1,186
Total Current Liabilities		 305 300 286 287 301 304 297 329 308 324 318
Short-Term Debt		 62 68 70 70 73 80 86 92 97 105 116
Accounts Payable		 108 84 77 84 74 74 78 78 75 68 52
Accrued Expenses		 73 84 73 74 94 94 83 98 92 99 87
Current Deferred & Payable Income Tax Liabilities		 11 18 9.15 16 13 5.35 3.73 6.34 0.00 0.00 6.88
Other Current Liabilities		 51 47 57 44 47 50 47 55 44 52 55
Total Noncurrent Liabilities		 479 467 460 462 500 560 627 825 898 915 868
Long-Term Debt		 327 310 308 317 341 404 472 645 698 719 634
Noncurrent Deferred & Payable Income Tax Liabilities		 61 70 70 70 91 98 104 107 107 107 82
Other Noncurrent Operating Liabilities		 91 87 82 75 69 57 51 73 93 89 151
Total Equity & Noncontrolling Interests		 415 468 489 510 584 609 631 646 654 535 539
Total Preferred & Common Equity		 415 468 489 510 584 609 631 646 654 535 539
Total Common Equity		 415 468 489 510 584 609 631 646 654 535 539
Common Stock		 36 36 36 36 31 31 31 32 32 32 33
Retained Earnings		 483 536 557 577 554 582 606 626 632 511 506
Treasury Stock		 -97 -97 -97 -97 0.00 -0.08 -0.08 -0.11 -0.19 -0.19 -0.19
Accumulated Other Comprehensive Income / (Loss)		 -9.30 -8.05 -6.52 -8.72 -1.17 -4.18 -6.35 -12 -10 -8.22 -0.13
Other Equity Adjustments		 2.29 1.34 - 2.80 - - 0.48 0.76 0.53 0.41 0.36

Annual Metrics And Ratios for Universal Logistics

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 28,378,179.00 28,412,746.00 28,391,197.00 28,371,327.00 27,282,230.00 26,918,830.00 26,919,455.00 - - - 26,330,058.00
DEI Adjusted Shares Outstanding		 28,378,179.00 28,412,746.00 28,391,197.00 28,371,327.00 27,282,230.00 26,918,830.00 26,919,455.00 - - - 26,330,058.00
DEI Earnings Per Adjusted Shares Outstanding		 1.41 0.85 0.99 1.84 1.38 1.79 2.74 - - - -3.79
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.27% -4.96% 13.42% 20.14% 3.44% -8.00% 25.87% 15.10% -17.53% 11.06% -15.58%
EBITDA Growth		 -4.63% -22.95% -12.57% 89.08% 2.01% 7.49% 16.30% 78.89% -29.45% 46.33% -74.15%
EBIT Growth		 -8.73% -35.95% -44.04% 215.88% -19.99% 16.80% 40.38% 119.26% -39.13% 38.69% -130.50%
NOPAT Growth		 -9.98% -36.55% 44.50% 52.15% -22.29% 23.60% 27.24% 133.56% -39.56% 39.71% -129.66%
Net Income Growth		 -11.83% -39.39% 16.12% 85.34% -27.97% 28.06% 53.19% 128.71% -44.91% 39.83% -176.88%
EPS Growth		 -9.27% -37.96% 16.47% 85.86% -27.17% 32.84% 53.93% 132.48% -44.58% 39.66% -176.88%
Operating Cash Flow Growth		 -1.37% -12.36% 22.18% 13.18% 34.92% -22.42% -16.16% 156.25% -1.48% -46.55% 62.89%
Free Cash Flow Firm Growth		 154.83% -141.41% 242.55% -483.34% 45.09% 227.34% -41.59% 121.49% -111.66% -2,292.06% 108.84%
Invested Capital Growth		 -3.70% 15.52% 1.79% 48.70% 20.40% -4.41% 3.39% 8.58% 15.96% 54.36% -5.41%
Revenue Q/Q Growth		 -1.44% -2.00% 4.28% 5.21% -0.69% 0.73% 4.88% -0.43% -3.92% 4.19% -4.87%
EBITDA Q/Q Growth		 -0.93% -11.14% 16.10% 3.77% 4.52% 4.38% -2.47% 9.76% -5.51% 6.03% -16.10%
EBIT Q/Q Growth		 -0.64% -20.28% 34.84% 3.93% -0.44% 12.72% -0.85% 11.86% -9.15% 1.14% -44.12%
NOPAT Q/Q Growth		 -0.79% -21.35% 275.53% -18.80% -4.30% 11.21% 0.22% 11.42% -9.10% 1.94% -47.74%
Net Income Q/Q Growth		 -2.94% -21.35% 334.80% -22.77% -0.75% 18.42% -0.03% 11.39% -11.47% -0.94% -19.71%
EPS Q/Q Growth		 -0.72% -22.73% 350.00% -22.69% 0.75% 17.88% 0.37% 11.75% -11.97% -0.80% -19.56%
Operating Cash Flow Q/Q Growth		 0.87% -24.38% 7.34% 8.68% -16.30% 34.60% 10.53% 22.63% -8.63% 10.52% -6.45%
Free Cash Flow Firm Q/Q Growth		 26.11% -592.31% 85.94% -85.31% -2,278.24% 265.75% 19.33% 30.91% -145.48% -127.76% 115.68%
Invested Capital Q/Q Growth		 -2.33% 3.46% 7.42% 14.14% 25.87% 0.82% -0.42% -1.63% 2.40% 18.04% -1.60%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.29% 75.27% 74.16% 26.75% 75.65% 75.73% 74.06% 74.19% 67.34% 68.41% 56.01%
EBITDA Margin		 9.72% 7.88% 6.07% 9.56% 9.43% 11.01% 10.18% 15.82% 13.53% 17.83% 5.46%
Operating Margin		 6.50% 4.34% 2.07% 5.73% 4.32% 5.78% 5.88% 11.93% 8.75% 11.00% -4.13%
EBIT Margin		 6.57% 4.43% 2.19% 5.75% 4.44% 5.64% 6.29% 11.99% 8.85% 11.05% -3.99%
Profit (Net Income) Margin		 3.54% 2.26% 2.31% 3.57% 2.49% 3.46% 4.21% 8.37% 5.59% 7.04% -6.41%
Tax Burden Percent		 61.54% 61.53% 164.24% 75.20% 74.89% 75.31% 74.79% 74.81% 74.74% 74.77% 99.86%
Interest Burden Percent		 87.63% 82.93% 64.47% 82.62% 74.68% 81.43% 89.47% 93.31% 84.53% 85.19% 160.78%
Effective Tax Rate		 38.46% 38.47% -64.24% 24.80% 25.11% 24.69% 25.21% 25.19% 25.26% 25.23% 0.00%
Return on Invested Capital (ROIC)		 13.03% 7.82% 10.45% 12.67% 7.47% 8.64% 11.06% 24.37% 13.10% 13.40% -3.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.60% 5.88% 4.88% 9.16% 4.93% 6.05% 10.29% 21.28% 8.46% 9.36% -10.73%
Return on Net Nonoperating Assets (RNNOA)		 16.80% 9.57% 7.34% 14.93% 10.66% 13.00% 16.15% 20.65% 5.87% 8.63% -13.46%
Return on Equity (ROE)		 29.82% 17.39% 17.79% 27.60% 18.13% 21.64% 27.22% 45.02% 18.98% 22.03% -16.82%
Cash Return on Invested Capital (CROIC)		 16.80% -6.58% 8.67% -26.49% -11.04% 13.16% 7.73% 16.15% -1.68% -29.34% 2.20%
Operating Return on Assets (OROA)		 14.37% 8.85% 4.50% 11.55% 7.31% 7.63% 10.01% 20.64% 11.97% 13.42% -3.50%
Return on Assets (ROA)		 7.75% 4.52% 4.77% 7.18% 4.09% 4.68% 6.70% 14.41% 7.56% 8.55% -5.61%
Return on Common Equity (ROCE)		 29.82% 17.39% 17.79% 27.60% 18.13% 21.64% 27.22% 45.02% 18.98% 22.03% -16.82%
Return on Equity Simple (ROE_SIMPLE)		 30.52% 16.41% 16.68% 24.93% 18.32% 20.09% 24.40% 37.73% 17.46% 20.08% 0.00%
Net Operating Profit after Tax (NOPAT)		 45 29 41 63 49 61 77 180 109 152 -45
NOPAT Margin		 4.00% 2.67% 3.40% 4.31% 3.24% 4.35% 4.40% 8.92% 6.54% 8.23% -2.89%
Net Nonoperating Expense Percent (NNEP)		 2.43% 1.94% 5.57% 3.51% 2.54% 2.59% 0.77% 3.09% 4.65% 4.04% 7.37%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 21.79% 11.89% 10.80% -3.37%
Cost of Revenue to Revenue		 19.71% 24.73% 25.84% 73.25% 24.35% 24.27% 25.94% 25.81% 32.66% 31.59% 43.99%
SG&A Expenses to Revenue		 16.13% 15.36% 14.81% 13.11% 12.99% 12.29% 12.87% 13.23% 15.29% 20.49% 17.75%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 73.79% 70.93% 72.09% 21.02% 71.32% 69.95% 68.18% 62.26% 58.59% 57.40% 60.14%
Earnings before Interest and Taxes (EBIT)		 74 48 27 84 67 78 110 242 147 204 -62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 110 85 74 140 143 153 178 319 225 329 85
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.61 2.75 3.56 2.22 2.35 2.18 1.62 1.91 1.36 1.86 0.74
Price to Tangible Book Value (P/TBV)		 28.67 11.29 9.54 0.00 0.00 0.00 11.32 4.22 2.42 4.16 1.22
Price to Revenue (P/Rev)		 0.30 0.38 0.49 0.32 0.32 0.38 0.28 0.42 0.44 0.65 0.26
Price to Earnings (P/E)		 8.55 16.79 21.36 8.90 12.84 10.86 6.62 5.06 7.82 9.27 0.00
Dividend Yield		 2.32% 1.95% 1.32% 2.35% 2.97% 1.08% 2.32% 1.62% 1.52% 0.92% 2.78%
Earnings Yield		 11.69% 5.96% 4.68% 11.23% 7.79% 9.20% 15.10% 19.76% 12.79% 10.79% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.62 1.66 2.08 1.43 1.39 1.41 1.26 1.53 1.22 1.41 0.89
Enterprise Value to Revenue (EV/Rev)		 0.49 0.61 0.68 0.58 0.66 0.70 0.51 0.58 0.65 1.05 0.74
Enterprise Value to EBITDA (EV/EBITDA)		 5.02 7.71 11.26 6.08 6.97 6.32 5.01 3.69 4.82 5.87 13.61
Enterprise Value to EBIT (EV/EBIT)		 7.43 13.72 31.31 10.12 14.78 12.33 8.11 4.86 7.38 9.48 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 12.20 22.75 20.10 13.49 20.29 15.99 11.60 6.53 9.98 12.73 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.04 9.50 9.93 8.96 7.76 9.74 10.73 5.50 5.16 17.20 6.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.47 0.00 24.22 0.00 0.00 10.50 16.61 9.86 0.00 0.00 39.40
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.80 1.77 1.47 1.91 2.57 1.92 1.41 0.85 0.72 1.17 1.48
Long-Term Debt to Equity		 1.32 1.54 1.23 1.67 2.28 1.67 1.21 0.70 0.58 1.04 1.26
Financial Leverage		 1.58 1.63 1.51 1.63 2.16 2.15 1.57 0.97 0.69 0.92 1.25
Leverage Ratio		 3.85 3.85 3.73 3.85 4.44 4.63 4.06 3.13 2.51 2.58 3.00
Compound Leverage Factor		 3.37 3.19 2.41 3.18 3.31 3.77 3.63 2.92 2.12 2.20 4.82
Debt to Total Capital		 64.23% 63.88% 59.50% 65.67% 72.01% 65.76% 58.58% 45.85% 41.78% 53.98% 59.61%
Short-Term Debt to Total Capital		 16.96% 8.42% 9.81% 8.51% 8.11% 8.53% 8.38% 7.91% 7.73% 6.32% 8.58%
Long-Term Debt to Total Capital		 47.28% 55.46% 49.70% 57.16% 63.89% 57.23% 50.19% 37.94% 34.05% 47.67% 51.03%
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% 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% 0.00%
Common Equity to Total Capital		 35.77% 36.12% 40.50% 34.33% 27.99% 34.24% 41.42% 54.15% 58.22% 46.02% 40.39%
Debt to EBITDA		 2.15 3.09 3.36 2.87 3.70 3.00 2.40 1.19 1.70 2.31 9.38
Net Debt to EBITDA		 1.91 2.90 3.13 2.76 3.58 2.90 2.27 1.01 1.59 2.21 8.94
Long-Term Debt to EBITDA		 1.58 2.68 2.80 2.49 3.29 2.61 2.06 0.98 1.38 2.04 8.03
Debt to NOPAT		 5.21 9.12 5.99 6.36 10.78 7.60 5.55 2.10 3.51 5.00 -17.71
Net Debt to NOPAT		 4.63 8.55 5.58 6.12 10.43 7.35 5.26 1.79 3.30 4.79 -16.88
Long-Term Debt to NOPAT		 3.84 7.91 5.00 5.53 9.57 6.62 4.76 1.74 2.86 4.41 -15.16
Altman Z-Score		 3.82 3.27 3.44 2.96 2.49 2.38 2.76 3.78 3.08 2.60 1.41
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.32 1.44 1.15 1.24 1.09 1.18 1.35 1.60 1.40 1.35 1.20
Quick Ratio		 1.20 1.24 1.05 1.15 0.99 1.09 1.25 1.43 1.20 1.07 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 58 -24 34 -132 -72 92 54 119 -14 -332 29
Operating Cash Flow to CapEx		 307.79% 72.30% 134.92% 151.39% 186.64% 114.81% 250.57% 207.56% 88.70% 45.47% 88.67%
Free Cash Flow to Firm to Interest Expense		 6.31 -2.92 3.60 -8.98 -4.23 6.30 4.62 7.32 -0.57 -9.64 0.60
Operating Cash Flow to Interest Expense		 8.48 8.30 8.79 6.47 7.49 6.79 7.15 13.10 8.69 3.26 3.73
Operating Cash Flow Less CapEx to Interest Expense		 5.72 -3.18 2.28 2.20 3.48 0.88 4.30 6.79 -1.11 -3.91 -0.48
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.19 2.00 2.06 2.01 1.64 1.35 1.59 1.72 1.35 1.21 0.88
Accounts Receivable Turnover		 6.94 6.68 6.88 6.77 6.41 5.41 5.38 5.60 5.19 6.33 5.59
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 6.35 5.07 4.74 5.12 4.70 3.95 4.93 5.47 3.49 2.83 2.00
Accounts Payable Turnover		 4.17 4.73 4.18 12.14 4.00 3.56 4.21 5.08 7.18 9.40 11.33
Days Sales Outstanding (DSO)		 52.57 54.66 53.08 53.89 56.93 67.45 67.89 65.22 70.31 57.70 65.27
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 87.53 77.24 87.27 30.07 91.15 102.61 86.68 71.90 50.85 38.82 32.22
Cash Conversion Cycle (CCC)		 -34.96 -22.58 -34.18 23.82 -34.22 -35.16 -18.79 -6.69 19.46 18.87 33.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 340 393 400 595 716 684 708 768 891 1,375 1,301
Invested Capital Turnover		 3.26 2.93 3.07 2.94 2.31 1.99 2.52 2.73 2.00 1.63 1.16
Increase / (Decrease) in Invested Capital		 -13 53 7.04 195 121 -32 23 61 123 484 -74
Enterprise Value (EV)		 551 652 833 850 993 968 894 1,175 1,085 1,933 1,158
Market Capitalization		 342 407 601 465 483 523 488 853 726 1,204 398
Book Value per Share		 $4.62 $5.20 $5.94 $7.38 $7.52 $8.90 $11.23 $17.01 $20.25 $24.59 $20.52
Tangible Book Value per Share		 $0.42 $1.27 $2.22 ($1.75) ($2.91) ($1.24) $1.60 $7.70 $11.42 $10.99 $12.39
Total Capital		 366 409 417 610 733 700 730 825 914 1,406 1,338
Total Debt		 235 261 248 400 528 460 427 379 382 759 798
Total Long-Term Debt		 173 227 207 349 468 400 366 313 311 670 683
Net Debt		 209 245 231 385 511 445 405 321 359 728 760
Capital Expenditures (CapEx)		 25 95 62 63 69 87 33 103 237 247 206
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 85 81 54 91 64 93 147 181 152 163 142
Debt-free Net Working Capital (DFNWC)		 111 97 70 106 81 108 169 238 176 194 180
Net Working Capital (NWC)		 49 63 30 54 21 49 108 173 105 105 65
Net Nonoperating Expense (NNE)		 5.16 4.41 13 11 11 12 3.28 11 16 22 55
Net Nonoperating Obligations (NNO)		 209 245 231 385 511 445 405 321 359 728 760
Total Depreciation and Amortization (D&A)		 36 37 47 56 75 75 68 77 78 125 147
Debt-free, Cash-free Net Working Capital to Revenue		 7.51% 7.58% 4.41% 6.22% 4.22% 6.70% 8.41% 8.97% 9.17% 8.84% 9.14%
Debt-free Net Working Capital to Revenue		 9.85% 9.08% 5.79% 7.25% 5.35% 7.79% 9.66% 11.81% 10.57% 10.51% 11.52%
Net Working Capital to Revenue		 4.34% 5.87% 2.43% 3.70% 1.42% 3.50% 6.17% 8.57% 6.32% 5.70% 4.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.37 $0.85 $0.99 $1.84 $1.34 $1.78 $2.74 $6.37 $3.53 $4.94 ($3.79)
Adjusted Weighted Average Basic Shares Outstanding		 29.23M 28.41M 28.43M 28.38M 28.07M 27.00M 26.92M 26.47M 26.28M 26.32M 26.33M
Adjusted Diluted Earnings per Share		 $1.37 $0.85 $0.99 $1.84 $1.34 $1.78 $2.74 $6.37 $3.53 $4.93 ($3.79)
Adjusted Weighted Average Diluted Shares Outstanding		 29.24M 28.41M 28.43M 28.39M 28.07M 27M 26.93M 26.49M 26.31M 26.35M 26.34M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.41M 28.44M 28.38M 28.38M 27.24M 26.92M 26.83M 26.28M 26.31M 26.32M 26.35M
Normalized Net Operating Profit after Tax (NOPAT)		 45 29 18 63 49 61 77 180 109 155 42
Normalized NOPAT Margin		 4.00% 2.67% 1.45% 4.31% 3.24% 4.35% 4.40% 8.92% 6.54% 8.38% 2.70%
Pre Tax Income Margin		 5.76% 3.67% 1.41% 4.75% 3.32% 4.59% 5.63% 11.18% 7.48% 9.41% -6.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.03 5.75 2.79 5.73 3.93 5.37 9.46 14.83 6.07 5.92 -1.27
NOPAT to Interest Expense		 4.89 3.47 4.34 4.30 2.87 4.14 6.61 11.04 4.49 4.41 -0.92
EBIT Less CapEx to Interest Expense		 5.28 -5.74 -3.73 1.45 -0.08 -0.55 6.61 8.52 -3.72 -1.25 -5.48
NOPAT Less CapEx to Interest Expense		 2.14 -8.02 -2.17 0.02 -1.15 -1.78 3.76 4.73 -5.30 -2.76 -5.13
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 20.43% 32.81% 28.27% 20.95% 40.02% 11.91% 15.33% 8.27% 11.88% 8.51% -11.07%
Augmented Payout Ratio		 108.09% 32.92% 33.56% 22.73% 105.96% 22.58% 15.33% 16.76% 12.03% 8.59% -11.16%

Quarterly Metrics And Ratios for Universal Logistics

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 4/4/2026
DEI Shares Outstanding		 - - - - - - 26,317,326.00 26,333,238.00 26,329,587.00 26,330,058.00 26,350,058.00
DEI Adjusted Shares Outstanding		 - - - - - - 26,317,326.00 26,333,238.00 26,329,587.00 26,330,058.00 26,350,058.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.23 0.32 -4.48 0.14 -0.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -16.70% -14.78% 12.46% 12.02% 1.33% 18.98% -22.26% -14.79% -7.04% -17.14% -3.87%
EBITDA Growth		 -32.64% -19.25% 70.67% 51.80% 28.53% 34.02% -46.48% -33.59% -210.49% -22.14% -21.08%
EBIT Growth		 -46.12% -29.86% 99.41% 30.87% 14.16% 6.61% -78.66% -58.25% -373.41% -51.31% -68.80%
NOPAT Growth		 -47.37% -29.91% 96.51% 29.54% 16.99% 11.11% -79.11% -58.01% -355.84% -68.50% -71.51%
Net Income Growth		 -52.46% -35.98% 110.87% 30.42% 15.16% -5.77% -88.54% -72.94% -544.38% -81.49% -158.38%
EPS Growth		 -52.17% -37.50% 109.47% 30.00% 14.77% -5.00% -88.44% -72.65% -543.56% -81.58% -156.52%
Operating Cash Flow Growth		 -25.18% -28.84% -42.80% -76.41% -88.97% 21.82% 128.59% 169.27% 317.59% -21.12% -60.38%
Free Cash Flow Firm Growth		 -238.24% -299.14% -733.66% -416.17% -326.74% -369.45% -127.62% -32.66% 8.99% 118.28% 122.81%
Invested Capital Growth		 11.40% 15.96% 28.44% 35.51% 33.90% 54.36% 38.49% 31.79% 13.47% -5.41% -5.89%
Revenue Q/Q Growth		 2.10% -7.20% 25.83% -6.05% -7.64% 8.97% -17.79% 2.98% 0.76% -2.86% -4.63%
EBITDA Q/Q Growth		 1.60% -3.33% 76.52% -12.44% -13.98% 0.80% -29.51% 8.65% -243.11% 171.03% -28.55%
EBIT Q/Q Growth		 1.83% -6.79% 118.87% -37.00% -11.17% -12.96% -56.19% 23.27% -681.66% 115.50% -71.93%
NOPAT Q/Q Growth		 1.04% -7.21% 120.50% -37.33% -8.76% -11.88% -58.54% 25.95% -655.93% 110.85% -62.50%
Net Income Q/Q Growth		 -2.20% -7.09% 144.99% -41.41% -13.65% -23.98% -70.19% 38.28% -1,518.21% 103.17% -194.00%
EPS Q/Q Growth		 -2.22% -9.09% 148.75% -41.21% -13.68% -24.75% -69.74% 39.13% -1,500.00% 103.13% -192.86%
Operating Cash Flow Q/Q Growth		 38.94% -12.82% -24.79% -74.11% -35.06% 863.21% 41.13% -69.50% 0.72% 81.95% -29.12%
Free Cash Flow Firm Q/Q Growth		 -179.10% -57.72% -65.72% -54.09% -6.76% -73.50% 20.25% 10.20% 26.76% 134.85% -0.48%
Invested Capital Q/Q Growth		 9.81% 2.40% 9.55% 10.09% 8.50% 18.04% -1.79% 4.77% -6.58% -1.60% -2.29%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 67.98% 66.55% 71.38% 70.68% 69.06% 62.40% 56.98% 57.33% 55.50% 54.22% 52.06%
EBITDA Margin		 13.51% 14.08% 19.75% 18.40% 17.14% 15.86% 13.60% 14.34% -20.37% 14.90% 11.16%
Operating Margin		 8.73% 8.72% 15.27% 10.19% 9.99% 8.23% 4.10% 5.05% -29.59% 4.54% 1.30%
EBIT Margin		 8.87% 8.91% 15.49% 10.39% 9.99% 7.98% 4.25% 5.09% -29.38% 4.69% 1.38%
Profit (Net Income) Margin		 5.47% 5.48% 10.66% 6.65% 6.22% 4.34% 1.57% 2.11% -29.72% 0.97% -0.96%
Tax Burden Percent		 74.70% 74.73% 74.81% 74.75% 75.35% 73.95% 74.86% 74.32% 93.19% 50.98% 75.77%
Interest Burden Percent		 82.61% 82.30% 92.02% 85.66% 82.61% 73.52% 49.42% 55.83% 108.57% 40.54% -91.36%
Effective Tax Rate		 25.30% 25.27% 25.19% 25.25% 24.65% 26.05% 25.14% 25.68% 0.00% 49.02% 0.00%
Return on Invested Capital (ROIC)		 13.66% 13.06% 22.61% 14.42% 13.11% 9.92% 4.58% 5.03% -27.29% 2.69% 1.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.44% 11.86% 21.52% 13.26% 11.86% 8.42% 3.54% 3.98% -32.70% 2.00% 0.12%
Return on Net Nonoperating Assets (RNNOA)		 9.76% 8.24% 13.95% 9.27% 9.29% 7.76% 3.15% 3.86% -37.05% 2.51% 0.14%
Return on Equity (ROE)		 23.42% 21.30% 36.56% 23.69% 22.39% 17.68% 7.73% 8.90% -64.34% 5.20% 1.21%
Cash Return on Invested Capital (CROIC)		 3.70% -1.68% -9.18% -14.69% -14.34% -29.34% -23.04% -20.44% -15.08% 2.20% 2.06%
Operating Return on Assets (OROA)		 12.48% 12.05% 20.30% 13.55% 12.58% 9.69% 4.64% 5.10% -28.92% 4.11% 1.21%
Return on Assets (ROA)		 7.70% 7.41% 13.97% 8.68% 7.83% 5.27% 1.72% 2.11% -29.25% 0.85% -0.84%
Return on Common Equity (ROCE)		 23.42% 21.30% 36.56% 23.69% 22.39% 17.68% 7.73% 8.90% -64.34% 5.20% 1.21%
Return on Equity Simple (ROE_SIMPLE)		 20.57% 0.00% 20.63% 20.96% 20.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 27 25 56 35 32 28 12 15 -82 8.92 3.34
NOPAT Margin		 6.52% 6.52% 11.42% 7.62% 7.53% 6.09% 3.07% 3.75% -20.71% 2.31% 0.91%
Net Nonoperating Expense Percent (NNEP)		 1.22% 1.20% 1.09% 1.17% 1.25% 1.50% 1.05% 1.06% 5.41% 0.70% 0.95%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.79% - - - 2.01% 0.85% 1.02% -6.05% 0.67% 0.26%
Cost of Revenue to Revenue		 32.02% 33.45% 28.62% 29.32% 30.94% 37.60% 43.02% 42.67% 44.50% 45.78% 47.94%
SG&A Expenses to Revenue		 15.44% 15.54% 22.96% 18.86% 18.87% 20.97% 17.98% 17.46% 19.01% 16.53% 18.26%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 59.26% 57.83% 56.11% 60.49% 59.07% 54.17% 52.88% 52.28% 85.09% 49.69% 50.76%
Earnings before Interest and Taxes (EBIT)		 37 35 76 48 43 37 16 20 -117 18 5.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 55 97 85 73 74 52 56 -81 57 41
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.28 1.36 1.66 1.75 1.79 1.86 1.09 1.04 1.14 0.74 1.05
Price to Tangible Book Value (P/TBV)		 2.38 2.42 2.71 2.76 2.76 4.16 2.38 2.19 1.92 1.22 1.73
Price to Revenue (P/Rev)		 0.38 0.44 0.56 0.60 0.64 0.65 0.41 0.41 0.37 0.26 0.37
Price to Earnings (P/E)		 6.23 7.82 8.03 8.37 8.59 9.27 8.44 11.10 0.00 0.00 0.00
Dividend Yield		 1.69% 1.52% 1.14% 1.03% 0.98% 0.92% 1.57% 1.63% 1.81% 2.78% 1.96%
Earnings Yield		 16.05% 12.79% 12.45% 11.95% 11.64% 10.79% 11.84% 9.01% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.17 1.22 1.39 1.43 1.43 1.41 1.04 1.02 1.06 0.89 1.02
Enterprise Value to Revenue (EV/Rev)		 0.59 0.65 0.79 0.87 0.94 1.05 0.81 0.86 0.85 0.74 0.84
Enterprise Value to EBITDA (EV/EBITDA)		 4.26 4.82 5.13 5.21 5.35 5.87 4.96 5.63 13.79 13.61 17.52
Enterprise Value to EBIT (EV/EBIT)		 6.26 7.38 7.34 7.81 8.23 9.48 9.78 12.40 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 8.48 9.98 9.97 10.62 11.14 12.73 13.12 16.54 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.41 5.16 7.44 10.10 16.33 17.20 8.82 8.18 7.14 6.33 9.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 33.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 39.40 48.19
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.76 0.72 0.71 0.79 0.88 1.17 1.14 1.22 1.54 1.48 1.39
Long-Term Debt to Equity		 0.62 0.58 0.58 0.66 0.75 1.04 1.00 1.07 1.34 1.26 1.18
Financial Leverage		 0.78 0.69 0.65 0.70 0.78 0.92 0.89 0.97 1.13 1.25 1.21
Leverage Ratio		 2.66 2.51 2.49 2.47 2.47 2.58 2.59 2.64 2.86 3.00 2.97
Compound Leverage Factor		 2.20 2.07 2.29 2.11 2.04 1.90 1.28 1.47 3.10 1.22 -2.72
Debt to Total Capital		 43.15% 41.78% 41.49% 44.28% 46.91% 53.98% 53.27% 54.89% 60.64% 59.61% 58.21%
Short-Term Debt to Total Capital		 7.78% 7.73% 7.36% 7.31% 7.22% 6.32% 6.62% 6.72% 7.74% 8.58% 9.00%
Long-Term Debt to Total Capital		 35.37% 34.05% 34.13% 36.97% 39.69% 47.67% 46.64% 48.18% 52.90% 51.03% 49.22%
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% 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% 0.00%
Common Equity to Total Capital		 56.85% 58.22% 58.51% 55.72% 53.09% 46.02% 46.73% 45.11% 39.36% 40.39% 41.79%
Debt to EBITDA		 1.63 1.70 1.56 1.64 1.80 2.31 2.59 3.11 8.13 9.38 10.13
Net Debt to EBITDA		 1.51 1.59 1.48 1.58 1.72 2.21 2.48 2.98 7.76 8.94 9.88
Long-Term Debt to EBITDA		 1.33 1.38 1.28 1.37 1.52 2.04 2.27 2.73 7.09 8.03 8.56
Debt to NOPAT		 3.24 3.51 3.04 3.35 3.74 5.00 6.86 9.14 -27.03 -17.71 -14.24
Net Debt to NOPAT		 3.01 3.30 2.87 3.22 3.58 4.79 6.56 8.75 -25.81 -16.88 -13.90
Long-Term Debt to NOPAT		 2.65 2.86 2.50 2.80 3.17 4.41 6.01 8.02 -23.58 -15.16 -12.04
Altman Z-Score		 2.73 2.79 2.76 2.67 2.59 2.29 1.89 1.80 1.48 1.56 1.63
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.36 1.40 1.22 1.26 1.36 1.35 1.18 1.28 1.32 1.20 1.13
Quick Ratio		 1.17 1.20 1.10 1.01 1.09 1.07 0.89 0.95 0.98 0.94 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -62 -97 -160 -246 -263 -456 -364 -327 -239 83 83
Operating Cash Flow to CapEx		 50.44% 101.67% 53.94% 12.53% 9.63% 156.63% 163.28% 31.85% 49.40% 217.73% 385.75%
Free Cash Flow to Firm to Interest Expense		 -9.42 -15.67 -25.37 -31.59 -30.75 -38.51 -32.60 -28.17 -18.63 6.20 6.73
Operating Cash Flow to Interest Expense		 8.60 7.91 5.86 1.23 0.73 5.05 7.56 2.22 2.02 3.51 2.71
Operating Cash Flow Less CapEx to Interest Expense		 -8.45 0.13 -5.00 -8.56 -6.81 1.82 2.93 -4.75 -2.07 1.90 2.01
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.41 1.35 1.31 1.30 1.26 1.21 1.09 1.00 0.98 0.88 0.88
Accounts Receivable Turnover		 4.83 5.19 5.12 5.81 5.80 6.33 6.10 6.11 5.64 5.59 5.96
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.80 3.49 3.37 3.22 2.88 2.83 2.52 2.27 2.14 2.00 1.98
Accounts Payable Turnover		 5.66 7.18 6.91 7.19 6.64 9.40 7.99 8.59 9.36 11.33 10.73
Days Sales Outstanding (DSO)		 75.53 70.31 71.27 62.85 62.92 57.70 59.81 59.74 64.76 65.27 61.28
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 64.49 50.85 52.83 50.76 54.95 38.82 45.67 42.48 38.98 32.22 34.01
Cash Conversion Cycle (CCC)		 11.04 19.46 18.44 12.09 7.97 18.87 14.14 17.25 25.78 33.05 27.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 870 891 975 1,074 1,165 1,375 1,351 1,415 1,322 1,301 1,271
Invested Capital Turnover		 2.10 2.00 1.98 1.89 1.74 1.63 1.49 1.34 1.32 1.16 1.18
Increase / (Decrease) in Invested Capital		 89 123 216 281 295 484 375 341 157 -74 -80
Enterprise Value (EV)		 1,014 1,085 1,359 1,533 1,660 1,933 1,409 1,439 1,398 1,158 1,298
Market Capitalization		 654 726 968 1,068 1,126 1,204 705 678 611 398 566
Book Value per Share		 $19.41 $20.25 $22.20 $23.14 $23.98 $24.59 $24.56 $24.82 $20.32 $20.52 $20.44
Tangible Book Value per Share		 $10.46 $11.42 $13.56 $14.68 $15.53 $10.99 $11.27 $11.75 $12.07 $12.39 $12.42
Total Capital		 897 914 998 1,093 1,188 1,406 1,383 1,449 1,359 1,338 1,289
Total Debt		 387 382 414 484 557 759 737 795 824 798 750
Total Long-Term Debt		 317 311 341 404 472 670 645 698 719 683 634
Net Debt		 360 359 391 465 534 728 704 761 787 760 732
Capital Expenditures (CapEx)		 112 48 68 76 64 38 52 81 52 22 8.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 145 152 117 140 171 163 119 149 173 142 140
Debt-free Net Working Capital (DFNWC)		 172 176 140 159 194 194 152 183 210 180 158
Net Working Capital (NWC)		 102 105 67 79 108 105 60 85 105 65 42
Net Nonoperating Expense (NNE)		 4.41 4.07 3.72 4.47 5.58 8.13 5.72 6.47 36 5.18 6.85
Net Nonoperating Obligations (NNO)		 360 359 391 465 534 728 704 761 787 760 732
Total Depreciation and Amortization (D&A)		 20 20 21 37 31 37 36 36 36 39 36
Debt-free, Cash-free Net Working Capital to Revenue		 8.37% 9.17% 6.82% 7.92% 9.63% 8.84% 6.87% 8.90% 10.55% 9.14% 9.05%
Debt-free Net Working Capital to Revenue		 9.95% 10.57% 8.15% 9.00% 10.96% 10.51% 8.74% 10.95% 12.82% 11.52% 10.21%
Net Working Capital to Revenue		 5.91% 6.32% 3.88% 4.48% 6.12% 5.70% 3.47% 5.12% 6.39% 4.15% 2.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $0.80 $1.99 $1.17 $1.01 $0.77 $0.23 $0.32 ($4.48) $0.14 ($0.13)
Adjusted Weighted Average Basic Shares Outstanding		 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M 26.33M 26.33M 26.33M 26.35M
Adjusted Diluted Earnings per Share		 $0.88 $0.80 $1.99 $1.17 $1.01 $0.76 $0.23 $0.32 ($4.48) $0.14 ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding		 26.31M 26.31M 26.33M 26.35M 26.35M 26.35M 26.35M 26.34M 26.34M 26.34M 26.35M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M 26.33M 26.33M 26.33M 26.35M 26.37M
Normalized Net Operating Profit after Tax (NOPAT)		 27 25 56 35 35 28 12 15 4.90 8.92 3.34
Normalized NOPAT Margin		 6.52% 6.52% 11.42% 7.62% 8.18% 6.09% 3.07% 3.75% 1.24% 2.31% 0.91%
Pre Tax Income Margin		 7.32% 7.33% 14.25% 8.90% 8.25% 5.87% 2.10% 2.84% -31.90% 1.90% -1.26%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.71 5.62 12.10 6.16 4.99 3.13 1.46 1.73 -9.08 1.35 0.41
NOPAT to Interest Expense		 4.20 4.11 8.92 4.52 3.76 2.39 1.05 1.28 -6.40 0.66 0.27
EBIT Less CapEx to Interest Expense		 -11.34 -2.17 1.24 -3.62 -2.55 -0.09 -3.17 -5.24 -13.16 -0.27 -0.29
NOPAT Less CapEx to Interest Expense		 -12.85 -3.67 -1.94 -5.26 -3.78 -0.83 -3.58 -5.69 -10.48 -0.95 -0.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 10.52% 11.88% 9.17% 8.65% 8.43% 8.51% 13.25% 18.11% -13.25% -11.07% -10.11%
Augmented Payout Ratio		 10.66% 12.03% 9.28% 8.82% 8.49% 8.59% 13.37% 18.29% -13.38% -11.16% -10.19%

Financials Breakdown Chart

Key Financial Trends

Universal Logistics Holdings (NASDAQ: ULH) showed a much tougher start to 2026, with Q1 results swinging back into the red after a profitable Q4 2025. Revenue also remained below year-ago levels, while debt and balance-sheet pressure stayed elevated.

What stands out most: ULH is still generating cash from operations, but profitability has become volatile. The company’s quarterly results over the last four years show a clear pattern of cyclicality, and the latest quarter suggests margins were under meaningful strain.

  • Q1 2026 operating cash flow remained solid at $33.4 million, showing the business is still producing cash despite the net loss.
  • ULH ended Q1 2026 with $17.9 million in cash and equivalents, up from $11.1 million a year earlier.
  • The company’s long-term equity base remains substantial, with $538.6 million in common equity at the end of Q1 2026.
  • From Q1 2024 through Q4 2025, ULH repeatedly produced positive operating cash flow in most quarters, which indicates underlying cash generation has generally held up.
  • Q4 2025 was profitable, with net income of $3.7 million, suggesting the company can still return to earnings when operating conditions improve.
  • Revenue in Q1 2026 was $367.6 million, down from $385.4 million in Q4 2025 and $382.4 million in Q1 2025.
  • Gross profit margin in Q1 2026 was still healthy at roughly 52%, but operating expenses were high enough to erase most of that advantage.
  • Interest expense remains a meaningful burden, with $12.3 million in Q1 2026 interest expense against only $2.6 million in interest income.
  • Q1 2026 ended with a net loss of $3.5 million, or $(0.13) per share, versus profit in the prior quarter and prior-year quarter.
  • Balance-sheet leverage remains high: ULH carried about $750.3 million of debt at Q1 2026, including $634.3 million of long-term debt.

Looking at the trend over the past four years, ULH’s earnings have been highly cyclical. In 2023 and 2024, the company posted several strong quarters, but 2025 turned more uneven, highlighted by a very weak Q3 2025 loss of $117.9 million due to an impairment charge. That was followed by a rebound in Q4 2025, only for Q1 2026 to slip back into the red.

The balance sheet has also shifted in a more leveraged direction. Total debt climbed materially from early 2024 levels, while cash did not rise enough to offset it. That means investors should watch whether operating profits can recover fast enough to comfortably service debt and support dividends.

Bottom line: ULH still has cash-generating ability, but the latest quarter shows weaker profitability, persistent debt load, and uneven operating performance. For retail investors, this looks like a company with meaningful upside if freight and logistics conditions improve, but also real execution risk if margins stay under pressure.

07/08/26 03:09 AM ETAI Generated. May Contain Errors.

Universal Logistics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Universal Logistics' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Universal Logistics' net income appears to be on an upward trend, with a most recent value of -$99.87 million in 2025, falling from $40.00 million in 2015. The previous period was $129.91 million in 2024. View Universal Logistics' forecast to see where analysts expect Universal Logistics to go next.

Universal Logistics' total operating income in 2025 was -$64.35 million, based on the following breakdown:
  • Total Gross Profit: $872.86 million
  • Total Operating Expenses: $937.20 million

Over the last 10 years, Universal Logistics' total revenue changed from $1.13 billion in 2015 to $1.56 billion in 2025, a change of 38.1%.

Universal Logistics' total liabilities were at $1.23 billion at the end of 2025, a 8.1% increase from 2024, and a 231.0% increase since 2015.

In the past 10 years, Universal Logistics' cash and equivalents has ranged from $1.67 million in 2017 to $47.18 million in 2022, and is currently $26.85 million as of their latest financial filing in 2025.

Over the last 10 years, Universal Logistics' book value per share changed from 4.62 in 2015 to 20.52 in 2025, a change of 344.3%.


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Financial statements for NASDAQ:ULH last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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