15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.3% per year over the past 5 years.
Operating margin has contracted, at -4.1% in the latest year.
Financial health
Total debt ($798M) exceeds cash ($27M); net debt is $771M.
Total debt has grown faster than revenue (11.6% vs 2.3% per year).
Operating income covered interest expense -1.3× in the latest year, down from 5.5× 5 years ago.
Total debt is 9.7× EBITDA.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Shareholder returns
Dividends have been paid for 15 consecutive years.
The dividend has grown 14.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.6B
-$100M
0.0%
-4.1%
-$41M
$798M
$27M
2024
$1.8B
$130M
0.0%
11.0%
-$139M
$759M
$19M
2023
$1.7B
$93M
0.0%
8.8%
-$30M
$382M
$13M
2022
$2.0B
$169M
0.0%
11.9%
$96M
$379M
$47M
2021
$1.8B
$74M
0.0%
5.9%
$44M
$427M
$14M
2020
$1.4B
$48M
0.0%
5.8%
$9M
$460M
$9M
2019
$1.5B
$38M
0.0%
4.3%
$48M
$458M
$8M
2018
$1.5B
$52M
0.0%
5.7%
$28M
$400M
$6M
2017
$1.2B
$28M
0.0%
2.1%
$20M
$248M
$2M
2016
—
$24M
—
—
-$29M
$261M
$2M
2015
—
$40M
—
—
—
$233M
$13M
2014
—
$45M
—
—
—
$235M
$8M
2013
—
$51M
—
—
$41M
$238M
$10M
2012
—
$48M
—
—
$41M
$146M
$3M
2011
—
$51M
—
—
$49M
$83M
$6M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$368M
-$4M
0.0%
1.3%
$24M
$750M
$18M
Dec '25
$385M
-$39M
0.0%
-6.7%
$14M
$798M
$27M
Sep '25
$397M
-$118M
0.0%
-29.6%
-$29M
$824M
$27M
Jun '25
$394M
$8M
0.0%
5.1%
-$59M
$795M
$24M
Mar '25
$382M
$6M
0.0%
4.1%
$32M
$737M
$21M
Dec '24
$465M
$20M
0.0%
8.2%
$19M
$759M
$19M
Sep '24
$427M
$27M
0.0%
10.0%
-$59M
$557M
$12M
Jun '24
$462M
$31M
0.0%
10.2%
-$68M
$484M
$7M
Mar '24
$492M
$52M
0.0%
15.3%
-$32M
$414M
$11M
Dec '23
$391M
$21M
0.0%
8.7%
$582000
$382M
$13M
Sep '23
$421M
$23M
0.0%
8.7%
-$56M
$387M
$17M
Jul '23
$413M
$24M
0.0%
8.8%
-$8M
$378M
$65M
Apr '23
$437M
$25M
0.0%
8.7%
$33M
$378M
$77M
Dec '22
$459M
$33M
0.0%
10.5%
$38M
$379M
$47M
Oct '22
$506M
$48M
0.0%
13.8%
$27M
$389M
$15M
Jul '22
$527M
$45M
0.0%
12.3%
-$3M
$415M
$15M
Apr '22
$524M
$42M
0.0%
11.0%
$35M
$402M
$15M
Dec '21
$467M
$16M
0.0%
5.1%
$17M
$427M
$14M
Oct '21
$446M
$10M
0.0%
3.8%
-$9M
$444M
$13M
Oct '21
—
$10M
—
—
—
—
—
Valuation over time
How the market has priced ULH against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 4.6× (Mar '23) to 3.1× (Nov '25).
The price-to-sales ratio has fallen from 0.4× (Mar '23) to 0.3× (Jun '26).
The dividend yield has risen from 1.8% (Mar '23) to 2.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ULH growing its revenue and profit?
Over the past 5 years, UNIVERSAL LOGISTICS HOLDINGS, INC.'s revenue has grown 2.3% per year. These are computed facts, not advice.
How much debt does ULH have?
As of FY2025, UNIVERSAL LOGISTICS HOLDINGS, INC. reported $798M of total debt against $27M of cash; operating income covered interest expense -1.3×.
What is ULH's profit margin?
In FY2025, gross margin was —, operating margin -4.1%, and net margin -6.4%.
What is ULH's P/E ratio?
As of Jun '26, UNIVERSAL LOGISTICS HOLDINGS, INC. traded at a price-to-earnings ratio of about 3.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.