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Universal Logistics (ULH) Financials

Universal Logistics logo
$26.52 +0.91 (+3.55%)
Closing price 04/17/2025 04:00 PM Eastern
Extended Trading
$26.58 +0.05 (+0.21%)
As of 04/17/2025 06:15 PM Eastern
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Annual Income Statements for Universal Logistics

Annual Income Statements for Universal Logistics

This table shows Universal Logistics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
169 93 130
Consolidated Net Income / (Loss)
169 93 130
Net Income / (Loss) Continuing Operations
169 93 130
Total Pre-Tax Income
225 124 174
Total Operating Income
240 145 203
Total Gross Profit
1,495 1,119 1,263
Total Revenue
2,015 1,662 1,846
Operating Revenue
2,015 1,662 1,846
Total Cost of Revenue
520 543 583
Operating Cost of Revenue
520 543 583
Total Operating Expenses
1,255 974 1,060
Selling, General & Admin Expense
267 254 378
Marketing Expense
23 27 26
Depreciation Expense
77 77 124
Other Operating Expenses / (Income)
889 616 527
Impairment Charge
0.00 0.00 3.72
Total Other Income / (Expense), net
-15 -21 -29
Interest Expense
16 24 34
Interest & Investment Income
0.13 1.45 4.27
Other Income / (Expense), net
1.14 1.61 0.84
Income Tax Expense
57 31 44
Basic Earnings per Share
$6.37 $3.53 $4.94
Weighted Average Basic Shares Outstanding
26.47M 26.28M 26.32M
Diluted Earnings per Share
$6.37 $3.53 $4.93
Weighted Average Diluted Shares Outstanding
26.49M 26.31M 26.35M
Weighted Average Basic & Diluted Shares Outstanding
26.28M 26.31M 26.32M
Cash Dividends to Common per Share
$0.42 $0.42 $0.42

Quarterly Income Statements for Universal Logistics

This table shows Universal Logistics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
48 33 25 24 23 21 52 31 27 20
Consolidated Net Income / (Loss)
48 33 25 24 23 21 52 31 27 20
Net Income / (Loss) Continuing Operations
48 33 25 24 23 21 52 31 27 20
Total Pre-Tax Income
65 44 33 32 31 29 70 41 35 27
Total Operating Income
70 48 38 36 37 34 75 47 43 38
Total Gross Profit
379 329 298 275 286 260 351 327 295 290
Total Revenue
506 459 437 413 421 391 492 462 427 465
Operating Revenue
506 459 437 413 421 391 492 462 427 465
Total Cost of Revenue
127 130 139 138 135 131 141 135 132 175
Operating Cost of Revenue
127 130 139 138 135 131 141 135 132 175
Total Operating Expenses
309 281 260 238 250 226 276 280 252 252
Selling, General & Admin Expense
69 67 66 62 65 61 113 87 81 98
Marketing Expense
5.75 5.83 8.08 5.89 6.83 6.37 7.17 7.87 5.68 5.72
Depreciation Expense
15 18 19 19 19 20 21 37 30 36
Other Operating Expenses / (Income)
219 190 167 151 158 139 135 148 132 112
Total Other Income / (Expense), net
-4.94 -3.85 -4.96 -4.84 -5.91 -5.44 -4.98 -5.99 -7.41 -11
Interest Expense
4.50 5.43 5.73 5.74 6.54 6.20 6.30 7.79 8.55 12
Interest & Investment Income
0.01 0.12 0.75 0.62 0.05 0.04 0.22 0.91 1.13 2.01
Other Income / (Expense), net
-0.45 1.47 0.02 0.28 0.59 0.72 1.10 0.90 0.00 -1.17
Income Tax Expense
16 11 8.36 7.99 7.81 7.24 18 10 8.68 7.11
Basic Earnings per Share
$1.84 $1.28 $0.95 $0.90 $0.88 $0.80 $1.99 $1.17 $1.01 $0.77
Weighted Average Basic Shares Outstanding
26.28M 26.47M 26.28M 26.29M 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M
Diluted Earnings per Share
$1.84 $1.28 $0.95 $0.90 $0.88 $0.80 $1.99 $1.17 $1.01 $0.76
Weighted Average Diluted Shares Outstanding
26.31M 26.49M 26.31M 26.31M 26.31M 26.31M 26.33M 26.35M 26.35M 26.35M
Weighted Average Basic & Diluted Shares Outstanding
26.28M 26.28M 26.29M 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M
Cash Dividends to Common per Share
$0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11

Annual Cash Flow Statements for Universal Logistics

This table details how cash moves in and out of Universal Logistics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Change in Cash & Equivalents
33 -35 6.84
Net Cash From Operating Activities
213 210 112
Net Cash From Continuing Operating Activities
213 210 112
Net Income / (Loss) Continuing Operations
169 93 130
Consolidated Net Income / (Loss)
169 93 130
Depreciation Expense
77 77 124
Amortization Expense
0.55 0.81 0.96
Non-Cash Adjustments To Reconcile Net Income
5.51 1.09 4.02
Changes in Operating Assets and Liabilities, net
-38 38 -147
Net Cash From Investing Activities
-104 -237 -463
Net Cash From Continuing Investing Activities
-104 -237 -463
Purchase of Property, Plant & Equipment
-117 -241 -252
Acquisitions
0.00 0.00 -216
Purchase of Investments
-0.93 0.00 0.00
Sale of Property, Plant & Equipment
14 3.51 4.45
Sale and/or Maturity of Investments
0.00 0.27 0.02
Net Cash From Financing Activities
-78 -8.56 365
Net Cash From Continuing Financing Activities
-78 -8.56 365
Repayment of Debt
-834 -256 -491
Repurchase of Common Equity
-14 -0.13 -0.11
Payment of Dividends
-14 -11 -11
Issuance of Debt
784 258 867
Other Financing Activities, net
0.00 0.00 0.00
Effect of Exchange Rate Changes
1.83 0.41 -7.67
Cash Interest Paid
14 23 33
Cash Income Taxes Paid
41 25 19

Quarterly Cash Flow Statements for Universal Logistics

This table details how cash moves in and out of Universal Logistics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-0.04 33 30 -12 -48 -4.30 -1.39 -3.64 4.35 7.52
Net Cash From Operating Activities
75 69 64 40 56 49 37 9.55 6.20 60
Net Cash From Continuing Operating Activities
75 69 64 40 56 49 37 9.55 6.20 60
Net Income / (Loss) Continuing Operations
48 33 25 24 23 21 52 31 27 20
Consolidated Net Income / (Loss)
48 33 25 24 23 21 52 31 27 20
Depreciation Expense
15 18 19 19 19 20 21 37 30 36
Amortization Expense
0.15 0.19 0.19 0.19 0.19 0.24 0.24 0.24 0.24 0.24
Non-Cash Adjustments To Reconcile Net Income
1.35 -0.50 1.56 1.27 -0.41 -1.34 -1.39 2.29 3.93 -0.81
Changes in Operating Assets and Liabilities, net
10 17 19 -3.70 14 8.75 -35 -61 -55 3.74
Net Cash From Investing Activities
-44 -27 -30 -47 -111 -48 -68 -76 -74 -244
Net Cash From Continuing Investing Activities
-44 -27 -30 -47 -111 -48 -68 -76 -74 -244
Purchase of Property, Plant & Equipment
-48 -31 -31 -49 -112 -48 -69 -77 -65 -41
Acquisitions
- - - - - - - - - -206
Sale of Property, Plant & Equipment
4.80 3.92 1.59 0.95 0.75 0.22 0.20 0.91 0.68 2.65
Net Cash From Financing Activities
-29 -14 -3.72 -2.63 6.08 -8.29 29 67 71 199
Net Cash From Continuing Financing Activities
-29 -14 -3.72 -2.63 6.08 -8.29 29 67 71 199
Repayment of Debt
-288 -77 -17 -18 -110 -111 -130 -141 -82 -138
Repurchase of Common Equity
- -0.02 0.00 - -0.13 - 0.00 -0.08 - -0.02
Payment of Dividends
-2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76 -2.76
Issuance of Debt
261 66 16 18 119 106 162 211 155 339
Effect of Exchange Rate Changes
-1.88 4.64 -1.42 -2.15 0.87 3.11 0.92 -3.57 1.90 -6.93
Cash Interest Paid
3.76 4.93 5.48 5.54 6.04 6.34 6.11 7.40 6.89 13
Cash Income Taxes Paid
16 1.29 1.48 18 0.97 4.93 0.16 10 4.31 3.79

Annual Balance Sheets for Universal Logistics

This table presents Universal Logistics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Total Assets
1,204 1,254 1,787
Total Current Assets
460 365 410
Cash & Equivalents
47 13 19
Short-Term Investments
10 11 12
Note & Lease Receivable
0.00 0.00 0.00
Accounts Receivable
352 289 295
Prepaid Expenses
26 30 24
Other Current Assets
25 23 60
Plant, Property, & Equipment, net
391 561 742
Total Noncurrent Assets
353 327 635
Goodwill
171 171 207
Intangible Assets
74 61 151
Noncurrent Deferred & Refundable Income Taxes
1.39 1.23 0.33
Other Noncurrent Operating Assets
107 94 277
Total Liabilities & Shareholders' Equity
1,204 1,254 1,787
Total Liabilities
757 721 1,140
Total Current Liabilities
287 260 305
Short-Term Debt
65 71 89
Accounts Payable
87 64 60
Accrued Expenses
74 69 104
Current Deferred & Payable Income Tax Liabilities
12 6.36 0.38
Other Current Liabilities
49 51 52
Total Noncurrent Liabilities
470 461 835
Long-Term Debt
313 311 670
Noncurrent Deferred & Payable Income Tax Liabilities
70 80 109
Other Noncurrent Operating Liabilities
87 70 56
Total Equity & Noncontrolling Interests
447 532 647
Total Preferred & Common Equity
447 532 647
Total Common Equity
447 532 647
Common Stock
36 36 31
Retained Earnings
514 595 623
Treasury Stock
-97 -97 -0.11
Accumulated Other Comprehensive Income / (Loss)
-7.96 -3.87 -8.40
Other Equity Adjustments
2.16 1.35 1.18

Quarterly Balance Sheets for Universal Logistics

This table presents Universal Logistics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
1,199 1,235 1,235 1,259 1,385 1,472 1,555
Total Current Assets
459 474 448 389 367 383 406
Cash & Equivalents
15 77 65 17 11 7.49 12
Short-Term Investments
8.56 9.99 10 10 12 12 12
Note & Lease Receivable
- - 0.00 0.00 0.00 0.00 0.00
Accounts Receivable
407 362 319 309 309 289 301
Prepaid Expenses
29 26 28 28 24 27 25
Other Current Assets
- - 25 24 11 48 56
Plant, Property, & Equipment, net
377 406 439 534 614 658 698
Total Noncurrent Assets
363 355 349 336 404 431 451
Goodwill
171 171 171 171 171 171 167
Intangible Assets
78 71 68 64 56 52 55
Noncurrent Deferred & Refundable Income Taxes
2.06 1.39 1.39 1.39 1.23 1.23 1.23
Other Noncurrent Operating Assets
112 112 109 100 175 208 228
Total Liabilities & Shareholders' Equity
1,199 1,235 1,235 1,259 1,385 1,472 1,555
Total Liabilities
784 767 746 749 801 863 924
Total Current Liabilities
305 300 286 287 301 304 297
Short-Term Debt
62 68 70 70 73 80 86
Accounts Payable
108 84 77 84 74 74 78
Accrued Expenses
73 84 73 74 94 94 83
Current Deferred & Payable Income Tax Liabilities
11 18 9.15 16 13 5.35 3.73
Other Current Liabilities
51 47 57 44 47 50 47
Total Noncurrent Liabilities
479 467 460 462 500 560 627
Long-Term Debt
327 310 308 317 341 404 472
Noncurrent Deferred & Payable Income Tax Liabilities
61 70 70 70 91 98 104
Other Noncurrent Operating Liabilities
91 87 82 75 69 57 51
Total Equity & Noncontrolling Interests
415 468 489 510 584 609 631
Total Preferred & Common Equity
415 468 489 510 584 609 631
Total Common Equity
415 468 489 510 584 609 631
Common Stock
36 36 36 36 31 31 31
Retained Earnings
483 536 557 577 554 582 606
Treasury Stock
-97 -97 -97 -97 0.00 -0.08 -0.08
Accumulated Other Comprehensive Income / (Loss)
-9.30 -8.05 -6.52 -8.72 -1.17 -4.18 -6.35
Other Equity Adjustments
2.29 1.34 - 2.80 - - 0.48

Annual Metrics and Ratios for Universal Logistics

This table displays calculated financial ratios and metrics derived from Universal Logistics' official financial filings.

Metric 2022 2023 2024
Growth Metrics
- - -
Revenue Growth
15.10% -17.53% 11.06%
EBITDA Growth
78.89% -29.45% 46.33%
EBIT Growth
119.26% -39.13% 38.69%
NOPAT Growth
133.56% -39.56% 39.71%
Net Income Growth
128.71% -44.91% 39.83%
EPS Growth
132.48% -44.58% 39.66%
Operating Cash Flow Growth
156.25% -1.48% -46.55%
Free Cash Flow Firm Growth
121.49% -111.66% -2,292.06%
Invested Capital Growth
8.58% 15.96% 54.36%
Revenue Q/Q Growth
-0.43% -3.92% 4.19%
EBITDA Q/Q Growth
9.76% -5.51% 6.03%
EBIT Q/Q Growth
11.86% -9.15% 1.14%
NOPAT Q/Q Growth
11.42% -9.10% 1.94%
Net Income Q/Q Growth
11.39% -11.47% -0.94%
EPS Q/Q Growth
11.75% -11.97% -0.80%
Operating Cash Flow Q/Q Growth
22.63% -8.63% 10.52%
Free Cash Flow Firm Q/Q Growth
30.91% -145.48% -127.76%
Invested Capital Q/Q Growth
-1.63% 2.40% 18.04%
Profitability Metrics
- - -
Gross Margin
74.19% 67.34% 68.41%
EBITDA Margin
15.82% 13.53% 17.83%
Operating Margin
11.93% 8.75% 11.00%
EBIT Margin
11.99% 8.85% 11.05%
Profit (Net Income) Margin
8.37% 5.59% 7.04%
Tax Burden Percent
74.81% 74.74% 74.77%
Interest Burden Percent
93.31% 84.53% 85.19%
Effective Tax Rate
25.19% 25.26% 25.23%
Return on Invested Capital (ROIC)
24.37% 13.10% 13.40%
ROIC Less NNEP Spread (ROIC-NNEP)
21.28% 8.46% 9.36%
Return on Net Nonoperating Assets (RNNOA)
20.65% 5.87% 8.63%
Return on Equity (ROE)
45.02% 18.98% 22.03%
Cash Return on Invested Capital (CROIC)
16.15% -1.68% -29.34%
Operating Return on Assets (OROA)
20.64% 11.97% 13.42%
Return on Assets (ROA)
14.41% 7.56% 8.55%
Return on Common Equity (ROCE)
45.02% 18.98% 22.03%
Return on Equity Simple (ROE_SIMPLE)
37.73% 17.46% 20.08%
Net Operating Profit after Tax (NOPAT)
180 109 152
NOPAT Margin
8.92% 6.54% 8.23%
Net Nonoperating Expense Percent (NNEP)
3.09% 4.65% 4.04%
Return On Investment Capital (ROIC_SIMPLE)
21.79% 11.89% 10.80%
Cost of Revenue to Revenue
25.81% 32.66% 31.59%
SG&A Expenses to Revenue
13.23% 15.29% 20.49%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
62.26% 58.59% 57.40%
Earnings before Interest and Taxes (EBIT)
242 147 204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
319 225 329
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.91 1.36 1.86
Price to Tangible Book Value (P/TBV)
4.22 2.42 4.16
Price to Revenue (P/Rev)
0.42 0.44 0.65
Price to Earnings (P/E)
5.06 7.82 9.27
Dividend Yield
1.62% 1.52% 0.92%
Earnings Yield
19.76% 12.79% 10.79%
Enterprise Value to Invested Capital (EV/IC)
1.53 1.22 1.41
Enterprise Value to Revenue (EV/Rev)
0.58 0.65 1.05
Enterprise Value to EBITDA (EV/EBITDA)
3.69 4.82 5.87
Enterprise Value to EBIT (EV/EBIT)
4.86 7.38 9.48
Enterprise Value to NOPAT (EV/NOPAT)
6.53 9.98 12.73
Enterprise Value to Operating Cash Flow (EV/OCF)
5.50 5.16 17.20
Enterprise Value to Free Cash Flow (EV/FCFF)
9.86 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.85 0.72 1.17
Long-Term Debt to Equity
0.70 0.58 1.04
Financial Leverage
0.97 0.69 0.92
Leverage Ratio
3.13 2.51 2.58
Compound Leverage Factor
2.92 2.12 2.20
Debt to Total Capital
45.85% 41.78% 53.98%
Short-Term Debt to Total Capital
7.91% 7.73% 6.32%
Long-Term Debt to Total Capital
37.94% 34.05% 47.67%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
54.15% 58.22% 46.02%
Debt to EBITDA
1.19 1.70 2.31
Net Debt to EBITDA
1.01 1.59 2.21
Long-Term Debt to EBITDA
0.98 1.38 2.04
Debt to NOPAT
2.10 3.51 5.00
Net Debt to NOPAT
1.79 3.30 4.79
Long-Term Debt to NOPAT
1.74 2.86 4.41
Altman Z-Score
3.78 3.08 2.60
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
1.60 1.40 1.35
Quick Ratio
1.43 1.20 1.07
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
119 -14 -332
Operating Cash Flow to CapEx
207.56% 88.70% 45.47%
Free Cash Flow to Firm to Interest Expense
7.32 -0.57 -9.64
Operating Cash Flow to Interest Expense
13.10 8.69 3.26
Operating Cash Flow Less CapEx to Interest Expense
6.79 -1.11 -3.91
Efficiency Ratios
- - -
Asset Turnover
1.72 1.35 1.21
Accounts Receivable Turnover
5.60 5.19 6.33
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
5.47 3.49 2.83
Accounts Payable Turnover
5.08 7.18 9.40
Days Sales Outstanding (DSO)
65.22 70.31 57.70
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
71.90 50.85 38.82
Cash Conversion Cycle (CCC)
-6.69 19.46 18.87
Capital & Investment Metrics
- - -
Invested Capital
768 891 1,375
Invested Capital Turnover
2.73 2.00 1.63
Increase / (Decrease) in Invested Capital
61 123 484
Enterprise Value (EV)
1,175 1,085 1,933
Market Capitalization
853 726 1,204
Book Value per Share
$17.01 $20.25 $24.59
Tangible Book Value per Share
$7.70 $11.42 $10.99
Total Capital
825 914 1,406
Total Debt
379 382 759
Total Long-Term Debt
313 311 670
Net Debt
321 359 728
Capital Expenditures (CapEx)
103 237 247
Debt-free, Cash-free Net Working Capital (DFCFNWC)
181 152 163
Debt-free Net Working Capital (DFNWC)
238 176 194
Net Working Capital (NWC)
173 105 105
Net Nonoperating Expense (NNE)
11 16 22
Net Nonoperating Obligations (NNO)
321 359 728
Total Depreciation and Amortization (D&A)
77 78 125
Debt-free, Cash-free Net Working Capital to Revenue
8.97% 9.17% 8.84%
Debt-free Net Working Capital to Revenue
11.81% 10.57% 10.51%
Net Working Capital to Revenue
8.57% 6.32% 5.70%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$6.37 $3.53 $4.94
Adjusted Weighted Average Basic Shares Outstanding
26.47M 26.28M 26.32M
Adjusted Diluted Earnings per Share
$6.37 $3.53 $4.93
Adjusted Weighted Average Diluted Shares Outstanding
26.49M 26.31M 26.35M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
26.28M 26.31M 26.32M
Normalized Net Operating Profit after Tax (NOPAT)
180 109 155
Normalized NOPAT Margin
8.92% 6.54% 8.38%
Pre Tax Income Margin
11.18% 7.48% 9.41%
Debt Service Ratios
- - -
EBIT to Interest Expense
14.83 6.07 5.92
NOPAT to Interest Expense
11.04 4.49 4.41
EBIT Less CapEx to Interest Expense
8.52 -3.72 -1.25
NOPAT Less CapEx to Interest Expense
4.73 -5.30 -2.76
Payout Ratios
- - -
Dividend Payout Ratio
8.27% 11.88% 8.51%
Augmented Payout Ratio
16.76% 12.03% 8.59%

Quarterly Metrics and Ratios for Universal Logistics

This table displays calculated financial ratios and metrics derived from Universal Logistics' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
13.49% -1.85% -16.51% -21.74% -16.70% -14.78% 12.46% 12.02% 1.33% 18.98%
EBITDA Growth
154.73% 71.21% -24.26% -38.41% -32.64% -19.25% 70.67% 51.80% 28.53% 34.02%
EBIT Growth
317.52% 106.59% -35.02% -42.53% -46.12% -29.86% 99.41% 30.87% 14.16% 6.61%
NOPAT Growth
313.34% 103.00% -33.69% -43.66% -47.37% -29.91% 96.51% 29.54% 16.99% 11.11%
Net Income Growth
371.92% 106.44% -40.78% -47.28% -52.46% -35.98% 110.87% 30.42% 15.16% -5.77%
EPS Growth
384.21% 109.84% -39.10% -46.75% -52.17% -37.50% 109.47% 30.00% 14.77% -5.00%
Operating Cash Flow Growth
25,646.23% 133.33% 56.81% 43.56% -25.18% -28.84% -42.80% -76.41% -88.97% 21.82%
Free Cash Flow Firm Growth
4.80% -359.64% -1,023.91% 176.58% -238.24% -299.14% -733.66% -416.17% -326.74% -369.45%
Invested Capital Growth
9.90% 8.58% 6.71% -6.01% 11.40% 15.96% 28.44% 35.51% 33.90% 54.36%
Revenue Q/Q Growth
-4.08% -9.29% -4.65% -5.68% 2.10% -7.20% 25.83% -6.05% -7.64% 8.97%
EBITDA Q/Q Growth
-7.10% -19.37% -16.48% -1.56% 1.60% -3.33% 76.52% -12.44% -13.98% 0.80%
EBIT Q/Q Growth
8.60% -28.40% -23.01% -4.01% 1.83% -6.79% 118.87% -37.00% -11.17% -12.96%
NOPAT Q/Q Growth
8.17% -30.34% -21.35% -4.93% 1.04% -7.21% 120.50% -37.33% -8.76% -11.88%
Net Income Q/Q Growth
8.46% -31.01% -25.62% -5.27% -2.20% -7.09% 144.99% -41.41% -13.65% -23.98%
EPS Q/Q Growth
8.88% -30.43% -25.78% -5.26% -2.22% -9.09% 148.75% -41.21% -13.68% -24.75%
Operating Cash Flow Q/Q Growth
166.61% -8.34% -6.42% -37.22% 38.94% -12.82% -24.79% -74.11% -35.06% 863.21%
Free Cash Flow Firm Q/Q Growth
82.09% -33.66% 21.25% 506.30% -179.10% -57.72% -65.72% -54.09% -6.76% -73.50%
Invested Capital Q/Q Growth
-7.35% -1.63% -1.17% 4.35% 9.81% 2.40% 9.55% 10.09% 8.50% 18.04%
Profitability Metrics
- - - - - - - - - -
Gross Margin
74.86% 71.72% 68.20% 66.54% 67.98% 66.55% 71.38% 70.68% 69.06% 62.40%
EBITDA Margin
16.71% 14.86% 13.01% 13.58% 13.51% 14.08% 19.75% 18.40% 17.14% 15.86%
Operating Margin
13.80% 10.50% 8.73% 8.82% 8.73% 8.72% 15.27% 10.19% 9.99% 8.23%
EBIT Margin
13.71% 10.82% 8.74% 8.89% 8.87% 8.91% 15.49% 10.39% 9.99% 7.98%
Profit (Net Income) Margin
9.59% 7.29% 5.69% 5.71% 5.47% 5.48% 10.66% 6.65% 6.22% 4.34%
Tax Burden Percent
74.78% 75.47% 74.85% 74.68% 74.70% 74.73% 74.81% 74.75% 75.35% 73.95%
Interest Burden Percent
93.52% 89.29% 86.98% 86.04% 82.61% 82.30% 92.02% 85.66% 82.61% 73.52%
Effective Tax Rate
25.22% 24.53% 25.15% 25.32% 25.30% 25.27% 25.19% 25.25% 24.65% 26.05%
Return on Invested Capital (ROIC)
28.00% 21.64% 17.14% 14.62% 13.66% 13.06% 22.61% 14.42% 13.11% 9.92%
ROIC Less NNEP Spread (ROIC-NNEP)
27.07% 20.84% 16.03% 13.69% 12.44% 11.86% 21.52% 13.26% 11.86% 8.42%
Return on Net Nonoperating Assets (RNNOA)
30.37% 20.22% 13.37% 12.45% 9.76% 8.24% 13.95% 9.27% 9.29% 7.76%
Return on Equity (ROE)
58.38% 41.86% 30.52% 27.07% 23.42% 21.30% 36.56% 23.69% 22.39% 17.68%
Cash Return on Invested Capital (CROIC)
12.21% 16.15% 15.99% 23.85% 3.70% -1.68% -9.18% -14.69% -14.34% -29.34%
Operating Return on Assets (OROA)
23.92% 18.63% 13.90% 13.29% 12.48% 12.05% 20.30% 13.55% 12.58% 9.69%
Return on Assets (ROA)
16.73% 12.55% 9.05% 8.54% 7.70% 7.41% 13.97% 8.68% 7.83% 5.27%
Return on Common Equity (ROCE)
58.38% 41.86% 30.52% 27.07% 23.42% 21.30% 36.56% 23.69% 22.39% 17.68%
Return on Equity Simple (ROE_SIMPLE)
36.48% 0.00% 32.35% 26.64% 20.57% 0.00% 20.63% 20.96% 20.78% 0.00%
Net Operating Profit after Tax (NOPAT)
52 36 29 27 27 25 56 35 32 28
NOPAT Margin
10.32% 7.92% 6.54% 6.59% 6.52% 6.52% 11.42% 7.62% 7.53% 6.09%
Net Nonoperating Expense Percent (NNEP)
0.94% 0.80% 1.11% 0.93% 1.22% 1.20% 1.09% 1.17% 1.25% 1.50%
Return On Investment Capital (ROIC_SIMPLE)
- 4.40% - - - 2.79% - - - 2.01%
Cost of Revenue to Revenue
25.14% 28.28% 31.80% 33.46% 32.02% 33.45% 28.62% 29.32% 30.94% 37.60%
SG&A Expenses to Revenue
13.64% 14.51% 15.15% 15.07% 15.44% 15.54% 22.96% 18.86% 18.87% 20.97%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
61.06% 61.22% 59.47% 57.72% 59.26% 57.83% 56.11% 60.49% 59.07% 54.17%
Earnings before Interest and Taxes (EBIT)
69 50 38 37 37 35 76 48 43 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
85 68 57 56 57 55 97 85 73 74
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.96 1.91 1.61 1.53 1.28 1.36 1.66 1.75 1.79 1.86
Price to Tangible Book Value (P/TBV)
4.89 4.22 3.32 2.98 2.38 2.42 2.71 2.76 2.76 4.16
Price to Revenue (P/Rev)
0.40 0.42 0.39 0.41 0.38 0.44 0.56 0.60 0.64 0.65
Price to Earnings (P/E)
5.38 5.06 4.97 5.73 6.23 7.82 8.03 8.37 8.59 9.27
Dividend Yield
1.69% 1.62% 1.83% 1.48% 1.69% 1.52% 1.14% 1.03% 0.98% 0.92%
Earnings Yield
18.60% 19.76% 20.12% 17.45% 16.05% 12.79% 12.45% 11.95% 11.64% 10.79%
Enterprise Value to Invested Capital (EV/IC)
1.51 1.53 1.37 1.33 1.17 1.22 1.39 1.43 1.43 1.41
Enterprise Value to Revenue (EV/Rev)
0.58 0.58 0.54 0.58 0.59 0.65 0.79 0.87 0.94 1.05
Enterprise Value to EBITDA (EV/EBITDA)
4.06 3.69 3.47 3.95 4.26 4.82 5.13 5.21 5.35 5.87
Enterprise Value to EBIT (EV/EBIT)
5.46 4.86 4.72 5.42 6.26 7.38 7.34 7.81 8.23 9.48
Enterprise Value to NOPAT (EV/NOPAT)
7.31 6.53 6.31 7.28 8.48 9.98 9.97 10.62 11.14 12.73
Enterprise Value to Operating Cash Flow (EV/OCF)
6.78 5.50 4.41 4.22 4.41 5.16 7.44 10.10 16.33 17.20
Enterprise Value to Free Cash Flow (EV/FCFF)
12.96 9.86 8.88 5.39 33.18 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.94 0.85 0.81 0.77 0.76 0.72 0.71 0.79 0.88 1.17
Long-Term Debt to Equity
0.79 0.70 0.66 0.63 0.62 0.58 0.58 0.66 0.75 1.04
Financial Leverage
1.12 0.97 0.83 0.91 0.78 0.69 0.65 0.70 0.78 0.92
Leverage Ratio
3.30 3.13 3.02 2.83 2.66 2.51 2.49 2.47 2.47 2.58
Compound Leverage Factor
3.09 2.79 2.63 2.44 2.20 2.07 2.29 2.11 2.04 1.90
Debt to Total Capital
48.39% 45.85% 44.65% 43.58% 43.15% 41.78% 41.49% 44.28% 46.91% 53.98%
Short-Term Debt to Total Capital
7.77% 7.91% 7.98% 8.07% 7.78% 7.73% 7.36% 7.31% 7.22% 6.32%
Long-Term Debt to Total Capital
40.63% 37.94% 36.66% 35.51% 35.37% 34.05% 34.13% 36.97% 39.69% 47.67%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
51.61% 54.15% 55.35% 56.42% 56.85% 58.22% 58.51% 55.72% 53.09% 46.02%
Debt to EBITDA
1.34 1.19 1.26 1.42 1.63 1.70 1.56 1.64 1.80 2.31
Net Debt to EBITDA
1.26 1.01 0.97 1.14 1.51 1.59 1.48 1.58 1.72 2.21
Long-Term Debt to EBITDA
1.12 0.98 1.03 1.16 1.33 1.38 1.28 1.37 1.52 2.04
Debt to NOPAT
2.41 2.10 2.28 2.62 3.24 3.51 3.04 3.35 3.74 5.00
Net Debt to NOPAT
2.27 1.79 1.76 2.10 3.01 3.30 2.87 3.22 3.58 4.79
Long-Term Debt to NOPAT
2.02 1.74 1.88 2.13 2.65 2.86 2.50 2.80 3.17 4.41
Altman Z-Score
3.22 3.26 3.03 2.96 2.73 2.79 2.76 2.67 2.59 2.29
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.50 1.60 1.58 1.56 1.36 1.40 1.22 1.26 1.36 1.35
Quick Ratio
1.41 1.43 1.49 1.38 1.17 1.20 1.10 1.01 1.09 1.07
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-18 -24 -19 78 -62 -97 -160 -246 -263 -456
Operating Cash Flow to CapEx
172.96% 251.73% 216.76% 85.13% 50.44% 101.67% 53.94% 12.53% 9.63% 156.63%
Free Cash Flow to Firm to Interest Expense
-4.05 -4.48 -3.35 13.56 -9.42 -15.67 -25.37 -31.59 -30.75 -38.51
Operating Cash Flow to Interest Expense
16.71 12.69 11.26 7.05 8.60 7.91 5.86 1.23 0.73 5.05
Operating Cash Flow Less CapEx to Interest Expense
7.05 7.65 6.06 -1.23 -8.45 0.13 -5.00 -8.56 -6.81 1.82
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.74 1.72 1.59 1.50 1.41 1.35 1.31 1.30 1.26 1.21
Accounts Receivable Turnover
5.34 5.60 4.92 4.87 4.83 5.19 5.12 5.81 5.80 6.33
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
5.60 5.47 5.19 4.64 3.80 3.49 3.37 3.22 2.88 2.83
Accounts Payable Turnover
4.61 5.08 4.88 5.47 5.66 7.18 6.91 7.19 6.64 9.40
Days Sales Outstanding (DSO)
68.35 65.22 74.23 74.98 75.53 70.31 71.27 62.85 62.92 57.70
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
79.20 71.90 74.78 66.77 64.49 50.85 52.83 50.76 54.95 38.82
Cash Conversion Cycle (CCC)
-10.85 -6.69 -0.55 8.21 11.04 19.46 18.44 12.09 7.97 18.87
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
781 768 759 792 870 891 975 1,074 1,165 1,375
Invested Capital Turnover
2.71 2.73 2.62 2.22 2.10 2.00 1.98 1.89 1.74 1.63
Increase / (Decrease) in Invested Capital
70 61 48 -51 89 123 216 281 295 484
Enterprise Value (EV)
1,180 1,175 1,044 1,050 1,014 1,085 1,359 1,533 1,660 1,933
Market Capitalization
814 853 753 747 654 726 968 1,068 1,126 1,204
Book Value per Share
$15.79 $17.01 $17.82 $18.62 $19.41 $20.25 $22.20 $23.14 $23.98 $24.59
Tangible Book Value per Share
$6.34 $7.70 $8.63 $9.55 $10.46 $11.42 $13.56 $14.68 $15.53 $10.99
Total Capital
804 825 846 867 897 914 998 1,093 1,188 1,406
Total Debt
389 379 378 378 387 382 414 484 557 759
Total Long-Term Debt
327 313 310 308 317 311 341 404 472 670
Net Debt
366 321 291 303 360 359 391 465 534 728
Capital Expenditures (CapEx)
43 27 30 48 112 48 68 76 64 38
Debt-free, Cash-free Net Working Capital (DFCFNWC)
193 181 154 157 145 152 117 140 171 163
Debt-free Net Working Capital (DFNWC)
216 238 241 232 172 176 140 159 194 194
Net Working Capital (NWC)
154 173 174 162 102 105 67 79 108 105
Net Nonoperating Expense (NNE)
3.70 2.90 3.71 3.61 4.41 4.07 3.72 4.47 5.58 8.13
Net Nonoperating Obligations (NNO)
366 321 291 303 360 359 391 465 534 728
Total Depreciation and Amortization (D&A)
15 19 19 19 20 20 21 37 31 37
Debt-free, Cash-free Net Working Capital to Revenue
9.54% 8.97% 8.00% 8.63% 8.37% 9.17% 6.82% 7.92% 9.63% 8.84%
Debt-free Net Working Capital to Revenue
10.69% 11.81% 12.50% 12.77% 9.95% 10.57% 8.15% 9.00% 10.96% 10.51%
Net Working Capital to Revenue
7.60% 8.57% 9.00% 8.91% 5.91% 6.32% 3.88% 4.48% 6.12% 5.70%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.84 $1.28 $0.95 $0.90 $0.88 $0.80 $1.99 $1.17 $1.01 $0.77
Adjusted Weighted Average Basic Shares Outstanding
26.28M 26.47M 26.28M 26.29M 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M
Adjusted Diluted Earnings per Share
$1.84 $1.28 $0.95 $0.90 $0.88 $0.80 $1.99 $1.17 $1.01 $0.76
Adjusted Weighted Average Diluted Shares Outstanding
26.31M 26.49M 26.31M 26.31M 26.31M 26.31M 26.33M 26.35M 26.35M 26.35M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
26.28M 26.28M 26.29M 26.29M 26.28M 26.31M 26.32M 26.32M 26.32M 26.32M
Normalized Net Operating Profit after Tax (NOPAT)
52 36 29 27 27 25 56 35 35 28
Normalized NOPAT Margin
10.32% 7.92% 6.54% 6.59% 6.52% 6.52% 11.42% 7.62% 8.18% 6.09%
Pre Tax Income Margin
12.82% 9.66% 7.60% 7.65% 7.32% 7.33% 14.25% 8.90% 8.25% 5.87%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
15.40 9.14 6.67 6.39 5.71 5.62 12.10 6.16 4.99 3.13
NOPAT to Interest Expense
11.60 6.69 4.99 4.73 4.20 4.11 8.92 4.52 3.76 2.39
EBIT Less CapEx to Interest Expense
5.74 4.10 1.48 -1.89 -11.34 -2.17 1.24 -3.62 -2.55 -0.09
NOPAT Less CapEx to Interest Expense
1.94 1.65 -0.20 -3.55 -12.85 -3.67 -1.94 -5.26 -3.78 -0.83
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
7.39% 8.27% 7.30% 8.47% 10.52% 11.88% 9.17% 8.65% 8.43% 8.51%
Augmented Payout Ratio
16.83% 16.76% 13.28% 8.48% 10.66% 12.03% 9.28% 8.82% 8.49% 8.59%

Frequently Asked Questions About Universal Logistics' Financials

When does Universal Logistics's fiscal year end?

According to the most recent income statement we have on file, Universal Logistics' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Universal Logistics' net income changed over the last 2 years?

Universal Logistics' net income appears to be on a downward trend, with a most recent value of $129.91 million in 2024, falling from $168.63 million in 2022. The previous period was $92.90 million in 2023.

What is Universal Logistics's operating income?
Universal Logistics's total operating income in 2024 was $203.11 million, based on the following breakdown:
  • Total Gross Profit: $1.26 billion
  • Total Operating Expenses: $1.06 billion
How has Universal Logistics revenue changed over the last 2 years?

Over the last 2 years, Universal Logistics' total revenue changed from $2.02 billion in 2022 to $1.85 billion in 2024, a change of -8.4%.

How much debt does Universal Logistics have?

Universal Logistics' total liabilities were at $1.14 billion at the end of 2024, a 58.0% increase from 2023, and a 50.6% increase since 2022.

How much cash does Universal Logistics have?

In the past 2 years, Universal Logistics' cash and equivalents has ranged from $12.51 million in 2023 to $47.18 million in 2022, and is currently $19.35 million as of their latest financial filing in 2024.

How has Universal Logistics' book value per share changed over the last 2 years?

Over the last 2 years, Universal Logistics' book value per share changed from 17.01 in 2022 to 24.59 in 2024, a change of 44.5%.



This page (NASDAQ:ULH) was last updated on 4/18/2025 by MarketBeat.com Staff
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