Universal Logistics (ULH) AI Stock Analysis

• Market Cap: $661.93M
• Dividend Yield: 1.64%
• Average Volume (3M): 32.41K
• Price to Earnings (P/E): 10.9
• Beta (1Y): 1.73
• Revenue Growth: -5.55%
• EPS Growth: -52.21%
• Country: US
• Employees: 10,821
• Sector: Industrials
• Sector Strength: 74
• Industry: Trucking
• EPS (TTM): 0.32
• Shares Outstanding: 26,329,588
• 10 Day Avg. Volume: 27,482
• 30 Day Avg. Volume: 32,409
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.35
• Enterprise Value/Revenue: 0.90
• Enterprise Value/Gross Profit: 6.13
• Enterprise Value/Ebitda: 5.36
• 1Y Price Target: $27.50
• Price Target Upside: 7.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: $27.00 ▲(5.68% Upside)

Universal Logistics Holdings faces challenges with declining revenue and negative cash flow, impacting its financial performance. While valuation metrics are reasonable, technical indicators suggest limited momentum. The earnings call highlighted mixed results, with resilience in some segments but overall pressure on margins and revenue.

Universal Logistics Business Overview & Revenue Model

Company Description

Universal Logistics Holdings, Inc. provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services. The company transports various commodities comprising automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel, and other metals. It also provides value-added services for individual customer requirements, including material handling, consolidation, sequencing, sub-assembly, cross-dock, kitting, repacking, warehousing, and returnable container management; and intermodal support services comprising short-to-medium distance delivery of steamship and rail truck containers between the port or railhead, and the customer and drayage services. The company serves automotive, steel, oil and gas, alternative energy, and manufacturing industries, as well as other transportation companies who aggregate loads from various shippers. 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 1932 and is headquartered in Warren, Michigan.

How the Company Makes Money

Universal Logistics generates revenue through several key streams, primarily by providing logistics and transportation services. Its truckload segment contributes significantly to earnings by offering transportation of goods via a fleet of owned and leased trucks. The logistics management services also represent a vital revenue source, where ULH acts as an intermediary for customers needing freight brokerage and supply chain solutions. Additionally, the intermodal services, which combine rail and truck transportation, provide cost-effective and efficient shipping options for clients. Significant partnerships with major retailers and manufacturers enhance the company's service offerings and contribute to its earnings, along with the growing demand for third-party logistics solutions. Furthermore, ULH leverages technology to optimize its operations and improve efficiency, which helps in maintaining competitive pricing and profitability.

Universal Logistics Financial Statement Overview

Summary

Universal Logistics shows solid operational efficiency with healthy EBIT and EBITDA margins. However, declining revenue growth and negative free cash flow are concerning, indicating financial instability that needs addressing.

Income Statement

Universal Logistics shows a mixed performance in its income statement. The TTM Gross Profit Margin stands at 14.6%, indicating efficiency in controlling production costs. However, the Net Profit Margin has decreased to 4.8% in the TTM, reflecting a decline in overall profitability from the previous year. The Revenue Growth Rate is negative at -5.9% from the prior annual report, which could be concerning if the trend continues. The EBIT Margin and EBITDA Margin for the TTM are healthy at 8.3% and 16.5%, respectively, suggesting operational efficiency.

Balance Sheet

The balance sheet reveals a solid equity base with a Debt-to-Equity ratio of 1.3 in the TTM, indicating moderate leverage. The Return on Equity (ROE) is 12.9% in the TTM, showing effective use of equity capital. The Equity Ratio stands at 35.9%, suggesting a balanced approach to financing with a reasonable level of equity coverage for assets. The company should monitor its debt levels to avoid increased financial risk.

Cash Flow

Universal Logistics exhibits a concerning trend in cash flow. The Free Cash Flow is negative in the TTM at -$75.8 million. However, the Operating Cash Flow to Net Income ratio is 1.9, indicating efficient cash generation relative to net earnings. The Free Cash Flow to Net Income ratio is negative, highlighting challenges in covering net income with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.74B	1.85B	1.66B	2.02B	1.75B	1.39B
Gross Profit	253.62M	315.88M	255.82M	352.40M	215.33M	159.54M
EBITDA	289.96M	332.40M	225.54M	318.37M	170.50M	152.68M
Net Income	83.46M	129.91M	92.90M	168.63M	73.73M	48.13M
Balance Sheet
Total Assets	1.80B	1.79B	1.25B	1.20B	1.14B	1.06B
Cash, Cash Equivalents and Short-Term Investments	32.59M	30.94M	23.28M	57.18M	21.96M	15.30M
Total Debt	838.88M	838.44M	475.54M	484.33M	537.90M	560.13M
Total Liabilities	1.15B	1.14B	721.33M	756.75M	835.28M	823.48M
Stockholders Equity	646.40M	647.02M	532.20M	446.93M	302.21M	239.57M
Cash Flow
Free Cash Flow	-75.81M	-139.23M	-30.31M	96.31M	44.44M	8.63M
Operating Cash Flow	159.80M	112.37M	210.25M	213.41M	83.28M	99.34M
Investing Cash Flow	-446.02M	-462.90M	-236.77M	-103.74M	-33.23M	-86.56M
Financing Cash Flow	310.50M	365.04M	-8.56M	-78.24M	-44.56M	-8.95M

Universal Logistics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ULH, the sentiment is Positive. The current price of 25.55 is above the 20-day moving average (MA) of 24.99, above the 50-day MA of 25.47, and below the 200-day MA of 31.15, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 52.11 is Neutral, neither overbought nor oversold. The STOCH value of 31.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ULH.

Universal Logistics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARCB	69 Neutral	$1.69B	10.78	12.50%	0.63%	-6.42%	25.72%
CVLG	69 Neutral	$602.47M	18.43	8.58%	1.10%	0.75%	-15.76%
ULH	66 Neutral	$661.93M	10.85	9.67%	1.64%	-5.55%	-52.21%
WERN	64 Neutral	$1.72B	33.24	3.65%	1.96%	-6.43%	-13.76%
Sector *	64 Neutral	$10.73B	15.74	7.56%	2.01%	2.76%	-15.10%
MRTN	56 Neutral	$958.68M	45.83	2.72%	2.04%	-11.77%	-52.06%
HTLD	49 Neutral	$664.16M	―	-4.42%	0.93%	-16.42%	-49.44%

Universal Logistics Corporate Events

Universal Logistics Reports Q2 Revenue Decline

On July 24, 2025, Universal Logistics Holdings, Inc. announced its second quarter financial results, reporting a decrease in operating revenues to $393.8 million, down 14.8% from the previous year. The company also declared a cash dividend of $0.105 per share, payable on October 1, 2025. Despite a challenging freight environment, Universal’s contract logistics and trucking segments showed resilience, while the intermodal segment continued to underperform. The company remains focused on strategic investments and long-term growth initiatives.