UNIVERSAL LOGISTICS HOLDINGS, INC. ULH

Industrials SIC 4213 - Trucking (No Local) NAICS Transportation and Warehousing › Truck Transportation derived Nasdaq

Universal Logistics Holdings, Inc. is a holding company whose subsidiaries provide customized transportation and logistics solutions across North America and select international markets. Through our operating subsidiaries, we deliver an integrated portfolio of transportation and logistics services designed to support customers throughout their supply chains, including value-added, dedicated, intermodal and trucking services. Our operations primarily serve customers in the automotive, industrial, retail, consumer goods, energy, and metals sectors.

We conduct operations throughout the United States and in Mexico and Canada, providing both domestic and cross-border logistics solutions.

On May 1, 2025, we completed a reincorporation from Michigan to Nevada pursuant to a statutory conversion approved by our stockholders. The reincorporation did not result in any change to our business, management, board of directors, executive officers, assets, liabilities, or operations. The rights of our stockholders are now governed by Nevada law and our Nevada articles of incorporation and bylaws, which differ in certain respects from Michigan law. See Item 1A—Risk Factors

Last close 16.74 2026-10-23
Market cap $441.4M 2026-07-04 share count
52-week range 11.73 - 25.80

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF—
EV/EBITDA18.6x
Dividend yield2.5%
Diluted EPS-3.79

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Mexico
  • Other
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.5B (96.0%) 96% United States Mexico, FY2025: 51.2M (3.3%) Other, FY2025: 11.8M (0.8%) FY2024 United States, FY2024: 1.8B (97.0%) 97% Mexico, FY2024: 49.3M (2.7%) Other, FY2024: 5.6M (0.3%) FY2023 United States, FY2023: 1.6B (97.6%) 98% Mexico, FY2023: 30.5M (1.8%) Other, FY2023: 8.7M (0.5%)
Region FY2025FY2024FY2023
United States $1.50B $1.79B $1.62B
Mexico $51.2M $49.3M $30.5M
Other $11.8M $5.6M $8.7M

As the company reported it, from the “Segment Reporting - Revenues Attributed to Geographic Areas (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.56B$1.85B$1.66B$2.02B$1.75B$1.39B$1.51B$1.46B$1.22B$1.07B
SG&A $54.2M$57.0M$50.2M$48.9M$42.0M$33.3M$44.5M$31.5M$31.5M$29.4M
Total operating expenses $1.62B$1.64B$1.52B$1.78B$1.65B$1.31B$1.45B$1.38B$1.19B$1.03B
Operating income -$64.3M$203.1M$145.4M$240.4M$103.0M$80.4M$65.4M$83.8M$25.2M$46.6M
Interest expense $49.0M$34.5M$24.2M$16.3M$11.6M$14.6M$17.1M$14.7M$9.5M$8.3M
Pre-tax income -$100.0M$173.7M$124.3M$225.4M$98.6M$63.9M$50.2M$69.4M$17.1M$39.4M
Income tax $139.0K$43.8M$31.4M$56.8M$24.8M$15.8M$12.6M$17.2M$11.0M$15.2M
Net income -$99.9M$129.9M$92.9M$168.6M$73.7M$48.1M$37.6M$52.2M$28.2M$24.2M
EPS, basic -3.794.943.536.372.741.781.341.840.990.85
EPS, diluted -3.794.933.536.372.741.781.341.840.990.85
Shares, diluted (wtd. avg.) 26.3M26.3M26.3M26.5M26.9M27.0M28.1M28.4M28.4M28.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $26.8M$19.4M$12.5M$47.2M$13.9M$8.8M$7.7M$5.7M$1.7M$1.8M
Receivables $261.3M$293.6M$287.9M$350.7M$341.4M$259.2M$210.5M$216.0M$171.0M$144.7M
Inventory $9.9M$8.3M$12.4M$11.4M$14.1M$8.3M$7.2M$6.8M$5.3M$8.6M
Total current assets $382.8M$409.8M$365.5M$459.7M$420.7M$321.5M$271.8M$275.3M$228.7M$207.5M
Property, plant and equipment $819.5M$742.4M$561.1M$391.2M$345.6M$364.8M$339.8M$303.2M$267.2M$246.3M
Goodwill $105.6M$206.8M$170.7M$170.7M$170.7M$170.7M$168.5M$145.2M$74.5M$74.5M
Other intangibles $108.6M$150.9M$61.3M$74.0M$88.3M$102.2M$116.1M$113.8M$31.3M$37.2M
Total assets $1.77B$1.79B$1.25B$1.20B$1.14B$1.06B$935.3M$843.1M$610.6M$570.5M
Accounts payable $61.1M$60.0M$64.1M$87.1M$117.8M$97.9M$91.9M$92.0M$84.4M$65.9M
Short-term debt $114.8M$88.8M$70.7M$65.3M$61.2M$59.7M$59.5M$51.9M$40.9M$34.5M
Total current liabilities $318.1M$304.6M$260.4M$286.9M$312.7M$272.8M$250.0M$221.2M$199.1M$144.5M
Long-term debt $682.7M$670.3M$311.2M$313.2M$366.2M$400.4M$398.1M$348.5M$207.1M$226.8M
Retained earnings $512.1M$623.0M$595.5M$513.6M$356.1M$293.6M$251.2M$231.5M$186.2M$166.0M
Total equity $540.4M$647.0M$532.2M$446.9M$302.2M$239.6M$205.2M$209.3M$168.8M$147.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $183.0M$112.4M$210.2M$213.4M$83.3M$99.3M$128.0M$94.9M$83.8M$68.6M
Depreciation and amortisation $129.6M$102.7M$64.4M$62.3M$53.6M$58.9M$59.0M$48.7M$41.0M$29.2M
Stock-based compensation $457.0K$779.0K$262.0K$222.0K$162.0K$195.0K$73.0K$413.0K$414.0K$571.0K
Capital expenditure $224.2M$251.6M$240.6M$117.1M$38.8M$90.7M$79.8M$66.6M$63.4M$97.4M
Investing cash flow -$203.4M-$462.9M-$236.8M-$103.7M-$33.2M-$86.6M-$143.1M-$229.2M-$61.3M-$94.1M
Financing cash flow $26.1M$365.0M-$8.6M-$78.2M-$44.6M-$8.9M$16.7M$138.8M-$23.2M$14.1M
Dividends paid $11.1M$11.1M$11.0M$13.9M$11.3M$5.7M$15.0M$10.9M$8.0M$8.0M
Buybacks $85.0K$107.0K$134.0K$14.3M$0$5.1M$24.8M$930.0K$1.5M$26.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-108365.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.1B Net income, FY2016: 24.2M Revenue, FY2017: 1.2B Net income, FY2017: 28.2M Revenue, FY2018: 1.5B Net income, FY2018: 52.2M Revenue, FY2019: 1.5B Net income, FY2019: 37.6M Revenue, FY2020: 1.4B Net income, FY2020: 48.1M Revenue, FY2021: 1.8B Net income, FY2021: 73.7M Revenue, FY2022: 2B Net income, FY2022: 168.6M Revenue, FY2023: 1.7B Net income, FY2023: 92.9M Revenue, FY2024: 1.8B Net income, FY2024: 129.9M Revenue, FY2025: 1.6B Net income, FY2025: -99.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.07B $1.22B $1.46B $1.51B $1.39B $1.75B $2.02B $1.66B $1.85B $1.56B
Gross profit — — — — — — — — — —
Net income $24.2M $28.2M $52.2M $37.6M $48.1M $73.7M $168.6M $92.9M $129.9M -$99.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Auditor changed Item 4.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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