Universal Logistics Holdings, Inc. provides customized transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It operates through three segments: Contract Logistics, Intermodal, and Trucking. The Contract Logistics segment offers value-added and dedicated transportation services to support inbound logistics and industrial manufacturers and major retailers, including material handling, consolidation, sequencing, sub-assembly, cross-dock services, kitting, repacking, warehousing, returnable container management, and rail lift services. This segment also provides dedicated services which involve short-haul or round-trip moves within a defined geographic area provided through a network of union and non-union employee drivers, owner-operators, and contract drivers. The Intermodal segment offers local and regional drayage services through company-managed terminals using a combination of owner-operators, company equipment, and third-party capacity providers comprising steamship-truck, rail-truck, and support services. The Trucking segment engages in dry van, flatbed, heavy-haul and refrigerated operations for transporting various general commodities, such as automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel, other metals, and other industrial and consumer goods. The company is also involved in brokerage activities, as well as provision of support services. It serves automotive, retail and consumer goods, metals, and energy and manufacturing industries. The company was formerly known as Universal Truckload Services, Inc. and changed its name to Universal Logistics Holdings, Inc. in April 2016. Universal Logistics Holdings, Inc. was founded in 1981 and is headquartered in Warren, Michigan.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $95M | $-100M | $-41M | -18.5% | -15.6% | -176.9% |
| 2024 | $1.8B | $332M | $130M | $-139M | 20.1% | 11.1% | 39.8% |
| 2023 | $1.7B | $226M | $93M | $-30M | 17.5% | -17.5% | -44.9% |
| 2022 | $2.0B | $318M | $169M | $96M | 37.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 2,015.46 | 1,662.14 | 1,846.04 | 1,558.40 |
| Cost Of Revenue | 1,663.06 | 1,407.97 | 1,528.48 | 1,396.98 |
| Gross Profit | 352.40 | 254.17 | 317.56 | 161.42 |
| Operating Expense | 111.96 | 108.72 | 110.72 | 101.36 |
| Operating Income | 240.44 | 145.44 | 206.83 | 60.06 |
| EBITDA | 318.37 | 225.54 | 332.40 | 95.25 |
| EBIT | 241.71 | 148.51 | 208.22 | -50.99 |
| Pretax Income | 225.42 | 124.30 | 173.74 | -100.01 |
| Tax Provision | 56.79 | 31.40 | 43.84 | -0.14 |
| Net Income | 168.63 | 92.90 | 129.91 | -99.87 |
| Net Income Common Stockholders | 168.63 | 92.90 | 129.91 | -99.87 |
| Total Expenses | 1,775.02 | 1,516.69 | 1,639.20 | 1,498.33 |
| Interest Expense | 16.29 | 24.21 | 34.48 | 49.02 |
| Interest Income | 0.13 | 1.45 | 4.27 | 11.21 |
| Selling General And Administration | 71.67 | 77.35 | 83.44 | 84.26 |
| Normalized EBITDA | 318.37 | 225.54 | 336.12 | 219.66 |
| Normalized Income | 168.63 | 92.90 | 132.69 | 24.54 |
| Basic EPS | 6.37 | 3.53 | 4.94 | -3.79 |
| Diluted EPS | 6.37 | 3.53 | 4.93 | -3.79 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.94 | 0 |
| Tax Rate For Calcs | 0.25 | 0.25 | 0.25 | 0 |
| Total Unusual Items | 0 | 0 | -3.72 | -124.41 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -3.72 | -124.41 |
| Net Income From Continuing Operation Net Minority Interest | 168.63 | 92.90 | 129.91 | -99.87 |
| Reconciled Depreciation | 76.66 | 77.04 | 124.19 | 146.25 |
| Reconciled Cost Of Revenue | 1,663.06 | 1,407.97 | 1,528.48 | 1,396.98 |
| Net Interest Income | -16.16 | -22.75 | -30.21 | -37.81 |
| Net Income From Continuing And Discontinued Operation | 168.63 | 92.90 | 129.91 | -99.87 |
| Rent Expense Supplemental | 41.29 | 44.30 | 44.21 | 49.39 |
| Total Operating Income As Reported | 240.44 | 145.44 | 203.11 | -64.35 |
| Diluted Average Shares | 26.49 | 26.31 | 26.35 | 26.34 |
| Basic Average Shares | 26.47 | 26.28 | 26.32 | 26.33 |
| Diluted NI Availto Com Stockholders | 168.63 | 92.90 | 129.91 | -99.87 |
| Net Income Including Noncontrolling Interests | 168.63 | 92.90 | 129.91 | -99.87 |
| Net Income Continuous Operations | 168.63 | 92.90 | 129.91 | -99.87 |
| Other Income Expense | 1.14 | 1.61 | -2.88 | -122.27 |
| Other Non Operating Income Expenses | 1.14 | 1.61 | 0.84 | 2.14 |
| Special Income Charges | 0 | 0 | -3.72 | -124.41 |
| Write Off | 0 | 0 | 3.72 | 124.41 |
| Net Non Operating Interest Income Expense | -16.16 | -22.75 | -30.21 | -37.81 |
| Interest Expense Non Operating | 16.29 | 24.21 | 34.48 | 49.02 |
| Interest Income Non Operating | 0.13 | 1.45 | 4.27 | 11.21 |
| Other Operating Expenses | 40.29 | 31.37 | 27.29 | 17.10 |
| Selling And Marketing Expense | 40.29 | 0 | 0 | 0 |
| General And Administrative Expense | 71.67 | 77.35 | 83.44 | 84.26 |
| Other Gand A | 48.92 | 50.19 | 57 | 54.17 |
| Insurance And Claims | 22.75 | 27.16 | 26.44 | 30.09 |
| Operating Revenue | 2,015.46 | 1,662.14 | 1,846.04 | 1,558.40 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Universal Logistics Holdings, Inc.this co. | ULH | $635M | - | 1.17 | -18.5% | 7.61 |
| Serve Robotics Inc. | SERV | $680M | - | 1.92 | -28.9% | -4.28 |
| Safe Bulkers, Inc. | SB | $675M | 22.00 | 0.81 | 4.6% | 8.44 |
| FTAI Infrastructure Inc. | FIP | $670M | - | 30.98 | -1673.3% | 32.46 |
| Himalaya Shipping Ltd. | HSHP |
| $644M |
| 36.11 |
| 3.96 |
| 10.9% |
| 13.33 |
| Kimball Electronics, Inc. | KE | $634M | 26.85 | 1.09 | 3.0% | 7.32 |
| Spire Global, Inc. | SPIR | $609M | 10.61 | 4.64 | 45.4% | -6.38 |
| Cass Information Systems, Inc. | CASS | $598M | 19.90 | 2.47 | 14.5% | 8.02 |
| Mistras Group, Inc. | MG | $588M | 34.89 | 2.48 | 7.1% | 9.91 |
| Peer Median | - | 24.42 | 2.48 | 5.9% | 8.23 | |