Universal Logistics Holdings, Inc. (ULH) Income Statement
ULH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsULH revenue and net income
Where ULH's revenue goes
2025Each bar shows an amount and its share of revenue. ULH kept −6.4% of revenue as net income.
ULH profit margins
ULH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.6% | −8.2% | +2.3% | +3.3% |
| Gross profit | −48.2% | −22.6% | +0.5% | −5.2% |
| Operating income | −70.4% | −37.0% | −5.7% | −2.0% |
| Net income | −176.9% | — | — | — |
| EPS (diluted) | −88.0% | −54.0% | −19.4% | −7.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ULH quarterly EPS vs estimates
Universal Logistics beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.32).
ULH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.85B | $1.66B | $2.02B | $1.75B | $1.39B | $1.51B | $1.46B | $1.22B | $1.07B |
| Cost of revenue | $1.39B | $1.53B | $1.41B | $1.66B | $1.54B | $1.23B | $1.25B | $1.28B | $1.08B | $841.1M |
| Gross profit | $163.6M | $315.9M | $255.8M | $352.4M | $215.3M | $159.5M | $263.3M | $183.2M | $131.8M | $231.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $54.2M | $55.3M | $79.0M | $109.6M | $80.9M | $79.2M | $70.6M | $99.4M | $64.7M | $61.7M |
| Total operating expenses | $103.6M | $112.8M | $110.4M | $112.0M | $112.4M | $79.2M | $197.9M | $99.4M | $106.6M | $185.1M |
| Operating income | $60.1M | $203.1M | $145.4M | $240.4M | $103.0M | $80.4M | $65.4M | $83.8M | $25.2M | $46.6M |
| Interest income | $11.2M | $4.3M | $1.5M | $132,000 | $43,000 | $47,000 | $73,000 | $76,000 | $92,000 | $157,000 |
| Interest expense | $49.0M | $34.5M | $24.2M | $16.3M | $11.6M | $14.6M | $17.0M | $14.6M | $9.4M | $8.3M |
| Income before taxes | −$100.0M | $173.7M | $124.3M | $225.4M | $98.6M | $63.9M | $50.2M | $69.4M | $17.1M | $39.4M |
| Income taxes | −$139,000 | $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 |
| EBITDA | $84.0M | $332.4M | $225.5M | $318.4M | $177.8M | $152.7M | $170.0M | $148.7M | $87.8M | $83.3M |
| EPS (diluted) | $0.62 | $5.18 | $3.54 | $6.36 | $3.05 | $1.82 | $2.20 | $2.07 | $0.71 | $0.86 |
| Gross margin | 10.5% | 17.1% | 15.4% | 17.5% | 12.3% | 11.5% | 17.4% | 12.5% | 10.8% | 21.6% |
| Operating margin | 3.9% | 11.0% | 8.8% | 11.9% | 5.9% | 5.8% | 4.3% | 5.7% | 2.1% | 4.3% |
| Net margin | −6.4% | 7.0% | 5.6% | 8.4% | 4.2% | 3.5% | 2.5% | 3.6% | 2.3% | 2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $379.3M | $367.6M | $385.4M | $396.8M | $393.8M | $382.4M | $465.1M | $426.8M | $462.2M | $491.9M | $390.9M | $421.3M |
| Cost of revenue | $326.4M | $332.6M | $343.4M | $363.4M | $347.9M | $342.3M | $402.2M | $354.8M | $383.6M | $389.5M | $330.4M | $355.7M |
| Gross profit | $53.0M | $34.9M | $42.0M | $33.4M | $45.9M | $40.1M | $62.9M | $72.1M | $78.6M | $102.4M | $60.6M | $65.6M |
| Sales, general & admin | $16.0M | $14.6M | $20.4M | $22.1M | $21.6M | $20.1M | $19.8M | $24.2M | $31.5M | $27.3M | $26.5M | $28.8M |
| Total operating expenses | $7.8M | $30.2M | $24.5M | $107.6M | $26.0M | $24.4M | $24.6M | $29.4M | $31.5M | $27.3M | $26.5M | $28.8M |
| Operating income | $45.1M | $4.8M | $17.5M | −$74.2M | $19.9M | $15.7M | $38.3M | $42.6M | $47.1M | $75.1M | $34.1M | $36.8M |
| Interest income | $2.5M | $2.6M | $2.7M | $2.9M | $2.7M | $2.9M | $2.0M | $1.1M | $909,000 | $218,000 | $35,000 | $45,000 |
| Interest expense | $10.6M | $12.3M | $13.4M | $12.8M | $11.6M | $11.2M | $11.8M | $8.5M | $7.8M | $6.3M | $6.2M | $6.5M |
| Income before taxes | $34.6M | −$4.6M | −$35.8M | −$83.4M | $11.2M | $8.0M | $27.3M | $35.2M | $41.1M | $70.1M | $28.7M | $30.9M |
| Income taxes | $8.4M | −$1.1M | $3.6M | −$8.6M | $2.9M | $2.0M | $7.1M | $8.7M | $10.4M | $17.7M | $7.2M | $7.8M |
| Net income | $26.2M | −$3.5M | −$39.4M | −$74.8M | $8.3M | $6.0M | $20.2M | $26.5M | $30.7M | $52.5M | $21.4M | $23.0M |
| EBITDA | $78.3M | $40.7M | $16.7M | −$35.1M | $59.0M | $54.7M | $75.5M | $74.1M | $85.7M | $97.1M | $54.8M | $56.8M |
| EPS (diluted) | $0.16 | −$0.13 | $0.14 | −$0.07 | $0.32 | $0.23 | $0.77 | $1.25 | $1.17 | $1.99 | $0.81 | $0.88 |
| Gross margin | 14.0% | 9.5% | 10.9% | 8.4% | 11.7% | 10.5% | 13.5% | 16.9% | 17.0% | 20.8% | 15.5% | 15.6% |
| Operating margin | 11.9% | 1.3% | 4.5% | −18.7% | 5.1% | 4.1% | 8.2% | 10.0% | 10.2% | 15.3% | 8.7% | 8.7% |
| Net margin | 6.9% | −1.0% | −10.2% | −18.8% | 2.1% | 1.6% | 4.3% | 6.2% | 6.7% | 10.7% | 5.5% | 5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ULH's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ULH financial results
In fiscal year 2025 (ended December 31, 2025), Universal Logistics reported revenue of $1.6 billion, down 15.6% from the year before. It had a net loss of $99.9 million, a net profit margin of −6.4%. Diluted earnings per share came to $0.62. Over five years revenue grew at an average rate of 2.3% a year.
See the ULH stock overview for the latest quote and news, or the ULH chart for price history and technical indicators.
ULH income statement FAQ
What is Universal Logistics's annual revenue?
Universal Logistics reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 15.6% from $1.8 billion the previous year.
Is Universal Logistics profitable?
No. Universal Logistics reported a net loss of $99.9 million in fiscal 2025, a net profit margin of −6.4%; its operating margin was 3.9%.
What is Universal Logistics's gross margin?
Universal Logistics's gross margin was 10.5% in fiscal 2025: for every $100 of revenue, Universal Logistics kept $10 after the direct cost of its products and services.
How fast is Universal Logistics growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $1.4 billion to $1.6 billion.
What are Universal Logistics's earnings per share?
Universal Logistics earned $0.62 per diluted share in fiscal 2025, compared with $5.18 a year earlier.
When will Universal Logistics report its next earnings?
Universal Logistics is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Universal Logistics's fiscal year end?
Universal Logistics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.