Universal Logistics Holdings, Inc.
- Open
- 14.59
- Day high
- 14.74
- Day low
- 14.31
- Prev close
- 14.29
- Volume
- 28K
- Mkt cap
- $380M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.7
- P/S
- 0.2
- Yield
- 1.46%
- Per share
- $0.21
Universal Logistics Holdings, Inc. (ULH) is a Industrials company listed on NASDAQ. The stock is down 41% over the past year.
Universal Logistics Holdings, Inc. (ULH) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ULH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $0.09 | $-0.13 | -244.4% | $368M | -1.3% |
| Mar 13, 2026 | $-0.05 | $0.14 | +380.0% | $385M | +2.5% |
| Nov 6, 2025 | $0.18 | $0.24 | +33.3% | $397M | -6.2% |
| Jul 24, 2025 | $0.34 | $0.32 | -5.9% | $394M | -7.7% |
| Apr 24, 2025 | $0.48 | $0.23 | -52.1% | $382M | -4.5% |
| Feb 6, 2025 | $0.93 | $0.77 | -17.2% | $465M | +8.9% |
| Oct 24, 2024 | $1.18 | $1.15 | -2.5% | $427M | -0.1% |
| Jul 25, 2024 | $1.14 | $1.17 | +2.6% | $462M | +0.1% |
| Apr 25, 2024 | $0.73 | $1.99 | +172.6% | $492M | +14.8% |
| Feb 15, 2024 | $0.71 | $0.81 | +14.1% | $391M | +3.6% |
| Oct 26, 2023 | $1.00 | $0.88 | -12.0% | $421M | +1.1% |
| Jul 27, 2023 | $1.01 | $0.90 | -10.9% | $413M | -7.9% |
ULH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 11, 2026 | BELANGER GRANT EDWARDdirector | Grant | 958 | $13.04 |
| Feb 6, 2026 | BERES JUDE MARCUSofficer: Chief Financial Officer | Grant | 7,400 | $18.92 |
| Feb 6, 2026 | PHILLIPS TIMOTHYdirector, officer: Chief Executive Officer | Grant | 7,215 | $18.92 |
| May 7, 2025 | Moroun Matthew J.director | Grant | 667 | $22.47 |
| May 7, 2025 | MOROUN MATTHEW Tdirector, 10 percent owner: | Grant | 667 | $22.47 |
| May 7, 2025 | Urban Richard Pdirector | Grant | 445 | $22.47 |
| May 7, 2025 | Regan Michael A.director | Grant | 356 | $22.47 |
| May 7, 2025 | BELANGER GRANT EDWARDdirector | Grant | 667 | $22.47 |
| Feb 11, 2025 | PHILLIPS TIMOTHYdirector, officer: Chief Executive Officer | Grant | 5,887 | $29.73 |
| Feb 11, 2025 | BERES JUDE MARCUSofficer: Chief Financial Officer | Grant | 7,521 | $29.73 |
| May 8, 2024 | MOROUN MATTHEW Tdirector, 10 percent owner: | Grant | 331 | $45.22 |
| May 8, 2024 | Moroun Matthew J.director | Grant | 331 | $45.22 |
| May 8, 2024 | Urban Richard Pdirector | Grant | 331 | $45.22 |
| May 8, 2024 | Regan Michael A.director | Grant | 221 | $45.22 |
| May 8, 2024 | BELANGER GRANT EDWARDdirector | Grant | 331 | $45.22 |
Source: ULH SEC Form 4 filings, latest May 11, 2026. For informational purposes only — not investment advice.
See the full ULH insider & 13F page →Universal Logistics Holdings, Inc. company profile
Overview
Universal Logistics Holdings, Inc. (NASDAQ:ULH) is a diversified transportation and logistics company founded in 1932 and headquartered in Warren, Michigan. Originally established as Universal Truckload Services, the company rebranded to Universal Logistics Holdings in 2016 to better reflect its expanded service portfolio beyond traditional trucking. The company went public in 2005 and has grown through both organic expansion and strategic acquisitions to become a comprehensive logistics solutions provider serving customers across the United States, Mexico, Canada, and Colombia.
Business
Universal Logistics Holdings operates in the transportation and logistics industry, providing comprehensive supply chain solutions across multiple service segments. The company's business is organized into three primary operating segments: Contract Logistics represents the largest and most profitable segment, generating approximately 56-67% of total revenue. This division provides value-added services that go beyond simple transportation, including material handling, consolidation, sequencing, sub-assembly, cross-dock operations, kitting, repacking, warehousing, and returnable container management. The company operates 87-90 value-added programs for customers, essentially embedding itself into clients' supply chains to provide specialized logistics solutions tailored to specific manufacturing and distribution needs. Trucking accounts for roughly 18-20% of revenue and encompasses multiple transportation modes including dry van, flatbed, heavy-haul, and refrigerated operations. The company has developed particular expertise in specialized heavy-haul services, especially for the wind energy sector, which has become a significant growth driver. This segment also includes domestic and international freight forwarding, customs brokerage services, and final mile delivery services. Intermodal generates approximately 18-20% of revenue and focuses on the movement of shipping containers and trailers using multiple transportation modes, typically combining rail and truck transport. This includes drayage services - the short-distance movement of containers between ports, rail terminals, and customer facilities - as well as intermodal support services for steamship and rail containers. The company serves diverse industries including automotive manufacturing, steel production, oil and gas, alternative energy, general manufacturing, and other transportation companies that aggregate shipments from various shippers. Universal transports commodities ranging from automotive parts and machinery to building materials, paper, food products, consumer goods, furniture, steel, and other metals.
Revenue model
Universal Logistics Holdings generates revenue through multiple business models across its service segments. The Contract Logistics segment operates on long-term service contracts where customers pay for comprehensive logistics solutions including warehousing, material handling, and specialized supply chain services. These contracts typically involve dedicated facilities and personnel, creating recurring revenue streams with relatively predictable margins. The Trucking segment earns revenue through transportation services charged on a per-mile, per-load, or contract basis. Specialized services like heavy-haul wind transportation command premium rates due to the specialized equipment and expertise required. The company also provides freight forwarding and customs brokerage services, earning commissions and service fees. The Intermodal segment generates revenue primarily through drayage services, charging fees for moving containers between ports, rail terminals, and customer locations. This segment has faced significant challenges, operating at losses in recent quarters due to reduced import volumes and competitive pressures. Several factors influence the company's profitability margins. Positive margin drivers include the automotive industry's production levels, as Universal has significant exposure to automotive supply chains; fuel price stability, which affects transportation costs; demand for specialized services like wind energy transportation; and the company's ability to secure long-term contract logistics agreements that provide stable revenue streams. Negative margin pressures come from driver shortage and wage inflation in the trucking industry; fluctuating fuel costs that may not be immediately passed through to customers; reduced import volumes affecting intermodal operations; competitive pricing pressure in commodity transportation services; and regulatory changes such as California's AB5 law requiring conversion from independent contractors to company drivers, which increases labor costs and operational complexity. The company's paying customers are primarily large industrial manufacturers, automotive OEMs and suppliers, steel producers, energy companies, and other businesses requiring specialized logistics solutions. Universal also serves other transportation companies that need to aggregate loads from multiple shippers.
Competitive moat
Universal Logistics Holdings possesses a moderate competitive moat built primarily around specialized expertise and customer relationships rather than insurmountable barriers to entry. The company's strongest defensive position lies in its Contract Logistics segment, where it operates embedded value-added programs within customer facilities. These arrangements create switching costs for customers, as Universal becomes integral to their manufacturing and distribution processes, handling specialized tasks like sequencing, sub-assembly, and just-in-time delivery that require significant operational knowledge and coordination. The company's specialized capabilities in sectors like automotive logistics and wind energy transportation provide some differentiation from commodity trucking providers. Universal's expertise in handling complex automotive supply chains, including returnable container management and production sequencing, creates value that generic logistics providers cannot easily replicate. Similarly, the specialized equipment and expertise required for wind energy heavy-haul transportation creates a niche market position. However, the transportation and logistics industry is fundamentally competitive with relatively low barriers to entry for basic services. The company faces competition from large integrated logistics providers like C.H. Robinson, J.B. Hunt, and Schneider National, as well as numerous regional and specialized carriers. The intermodal segment particularly faces pressure from well-capitalized competitors and has struggled with profitability. Potential disruption could come from several sources: autonomous trucking technology, which could eventually reduce labor costs for competitors; digital freight platforms that increase pricing transparency and reduce switching costs; large retailers and manufacturers bringing logistics operations in-house; and economic downturns that reduce demand for specialized services and force customers to prioritize cost over service quality. The company's moat is best described as narrow but defensible in its core Contract Logistics business, where customer relationships and specialized expertise provide some protection, while its trucking and intermodal segments operate in more commoditized markets with limited sustainable competitive advantages.
Risks & safety
Universal Logistics Holdings presents a moderate margin of safety with manageable financial risks but some operational challenges. • Liquidity and Solvency: Current ratio of 1.18 indicates adequate short-term liquidity. Cash position of $20.6 million is relatively modest but supported by positive operating cash flow of $84.3 million in Q1 2025. Free cash flow of $31.7 million demonstrates cash generation capability despite capital expenditure requirements. • Debt Levels: Debt-to-equity ratio of 1.30 indicates moderate leverage. The company maintains investment-grade financial metrics with EBITDA of $51.7 million quarterly providing adequate debt service coverage. • Valuation Metrics: Trading at 29.9x P/E ratio appears elevated relative to recent earnings, though this reflects cyclical earnings trough. EV/EBITDA of 7.4x is reasonable for the industry. Price-to-book ratio of 1.11 suggests modest premium to tangible assets. • Other Considerations: The intermodal segment's operating losses create earnings volatility. Capital-intensive nature of the business requires ongoing equipment investments. Cyclical exposure to automotive and industrial sectors creates earnings variability. However, diversified service portfolio and strong Contract Logistics segment provide some stability.
Recent development
Over the past few years, Universal Logistics Holdings has pursued a strategic transformation focused on expanding higher-margin services and improving operational efficiency. The most significant development was the acquisition of Parsec Group in 2024, a rail terminal operator that added approximately $230 million in annual revenue and expanded the company's contract logistics capabilities to over $1.1 billion in annual run rate. The company has systematically expanded its value-added programs from 71 to 87 active programs, representing embedded logistics services within customer facilities. Management has identified over $800 million in sales pipeline opportunities, with three major logistics launches expected in Q2 2025 that could add $50 million in annual revenue. In the trucking segment, Universal has made strategic investments in specialized heavy-haul wind transportation, acquiring East Texas Heavy Haul to convert this specialized business from third-party managed to company-managed operations. This specialized service now represents over 32% of trucking segment revenue and commands premium rates. The company has also made strategic portfolio decisions, including closing its company-managed brokerage business due to consistent underperformance and losses of $2-3 million per quarter. This reflects management's focus on profitable core competencies rather than maintaining underperforming segments. In the challenging intermodal segment, Universal has implemented operational restructuring including new leadership, expanded sales teams, technology investments, and facility consolidation efforts, particularly in Southern California where the company converted from independent contractors to company drivers to comply with California's AB5 regulations. The company has also been preparing for potential trade policy impacts, monitoring tariff implications while maintaining that its limited international exposure (3-3.5% of revenue from Canadian and Mexican operations) minimizes disruption risks.
ULH company profile · for informational purposes only — not investment advice.
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