ULH UNIVERSAL LOGISTICS HOLDINGS, INC.

Overview and Growth

In fiscal 2025, UNIVERSAL LOGISTICS HOLDINGS, INC. recorded $1.56B of revenue, net loss of $99.87M, and an operating cash inflow of $183.05M. At $1.56B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.85B in fiscal 2024, revenue decreased 15.6%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$3.79, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $4.93 in fiscal 2024, the current result was 176.9% lower. At period end, total assets were $1.77B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.88x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced a $64.35M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 4.1%, showing the shortfall after operating costs. The bottom-line result was a net loss of $99.87M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 6.4% after all recognized items. The company reported a pretax loss of $100.01M, before the effect of income taxes. The pretax loss equaled 6.4% of revenue, measuring the pre-tax deficit against sales. The company recognized an income-tax benefit of $139.00K, increasing after-tax earnings relative to the pretax result. Relative to period-end equity, the net loss represented 18.5%. The net loss equaled 5.6% of period-end assets, showing the deficit relative to the asset base. The company moved from fiscal 2024 net income of $129.91M to a current net loss of $99.87M.

Liquidity and Capital Structure

Total assets were $1.77B, supported by $1.23B of liabilities and $540.36M of shareholder equity. The near-term balance sheet paired $382.84M of current assets with $318.09M of current liabilities at the reporting date. Current assets covered current liabilities by 1.2x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $26.85M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 8.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $797.57M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 1.48x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 45.0% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 30.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 69.5%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 1.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 0.8% from $1.79B in fiscal 2024, leaving current total assets lower year over year. Against $647.02M of equity in fiscal 2024, the current book-equity balance moved 16.5% and ended lower. Compared with $19.35M in fiscal 2024, the current cash balance moved 38.7% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $183.05M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital spending was $224.18M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 122.5% of operating cash flow, quantifying the share of cash from operations directed to investment. Negative free cash flow was $41.13M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 2.6%. Relative to total assets, the post-investment cash deficit measured 2.3%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.