Universal Logistics Holdings, Inc. (ULH) Stock

Universal Logistics Holdings, Inc. (ULH) is a Industrials stock trading at $18.70 (as of 2026-08-24), with a market capitalization of $493.11M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Universal Logistics Holdings, Inc. provides trucking and logistics services, including truckload operations, freight forwarding and customs brokerage, and final mile/ground expedite, with value-added supply chain support such as material handling, warehousing, and related kitting and repacking. It serves customers and freight aggregators in the U.S., Mexico, Canada, and Colombia.

Understand Universal Logistics Holdings, Inc.: how it makes money

Universal Logistics Holdings provides transportation and logistics services, including truckload operations, intermodal freight forwarding, customs brokerage, and final mile and ground expedite. It makes money by generating operating revenue from contract logistics, intermodal, trucking, and company-managed brokerage services.

The profit model is driven by delivering transportation volume across multiple service lines, with contract logistics supported by active value-added programs, and with intermodal, trucking, and brokerage revenues affected by load volumes plus pass-through style components like separately identified fuel surcharges and other accessorial charges that are included in operating revenue.

Revenue by segment (latest quarter)
ContractLog	$0.3B
Intermodal	$0.1B
Trucking	$0.1B
Brokerage	$0.0B

Business quality (Weak): Profitability appears thin in this snapshot, with operating margin at 1.3%, and the key operating focus points shown here are pricing progress (Freight Running Under New Rates) and service complexity at Contract Logistics (Active Value-Added Programs).

Bull case

Multiple revenue lines, including Contract Logistics (0.27B) plus Intermodal (0.05B), Trucking (0.05B), and Company-Managed Brokerage (0.03B): Diversification across service types can reduce reliance on any single operating stream.
Freight Running Under New Rates is 99.4%: Suggests a broad share of freight is running under the current rate structure.
Contract Logistics shows 79 Active Value-Added Programs: Indicates a service model that can bundle transportation with additional value-added offerings.
Operating margin is 1.3% in the latest period shown: Despite thin margins, the company is generating positive operating profitability in this snapshot.

Bear case

Operating margin is only 1.3%: Thin profitability can leave less room for error if costs, pricing, or volumes move unfavorably.
Intermodal and Trucking operating revenues include separately identified fuel surcharges and other accessorial charges: Results may be sensitive to how these components behave relative to costs and to the underlying rate environment.
Revenue generation is tied to moving large numbers of loads across modes (Intermodal Loads 77,830, Trucking Loads 26,076, Company-Managed Brokerage Loads 21,556): If load volumes change, operating revenue could be impacted.

Valuation — source: SEC EDGAR (first-party)
Price	$18.70
Market Cap	$493.11M
EV / EBITDA	15.1
Price / Book	0.88
Price / Sales	0.33
FCF Yield	8.8%
DCF Value (model)	$4.02
DCF Upside vs Price	-78.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.56B
Net Margin	-6.4%
Revenue Growth (YoY)	-51.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.45 (distress)

Valuation vs Sector & Industry
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	FMR LLC ($83.56M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Transportation
CEO	Timothy Phillips
Employees	10,821
Country	US
IPO Date	2005-02-11

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.