ULH
Universal Logistics Holdings, Inc.
ULH's fundamentals are mixed, but it looks expensive: trading at 18x earnings, about twice its usual 8.3x. Analysts expect strong earnings growth.
ULH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ULH's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
ULH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $10.18 | -66% |
| Fair | 8.2x | $13.90 | -53% |
| Expensive | 14x | $22.97 | -23% |
| Forward | 15x | $29.71 | — |
| Current | 18x | $29.71 | — |
Historical ranges are pointers, not guarantees.
ULH's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
ULH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect ULH's earnings to grow and its profitability to improve, with its revenue holding steady.
ULH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.95 | +15% |
| Q3 2026 | $1.69 | +$4.86 |
| Q2 2026 | -$3.48 | -250% |
| Q1 2026 | -$4.15 | -231% |
| Q4 2025 | -$3.79 | -177% |
| Q3 2025 | -$3.17 | -164% |
| Q2 2025 | $2.32 | -52% |
| Q1 2025 | $3.17 | -31% |
| Q4 2024 | $4.93 | +40% |
ULH has returned to profit: it earned $1.69 per share over the past year, after losing money the year before.
ULH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $394M | -0.7% |
| Q2 2026 | $379.3M | -3.7% |
| Q1 2026 | $367.6M | -3.9% |
| Q4 2025 | $385.4M | -17% |
| Q3 2025 | $396.8M | -7% |
| Q2 2025 | $393.8M | -15% |
| Q1 2025 | $382.4M | -22% |
| Q4 2024 | $465.1M | +19% |
ULH's revenue has slid since its 2022 peak: $394M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | +38 points |
| Q2 2026 | 12% | +6.9 points |
| Q1 2026 | 1.3% | -2.8 points |
| Q4 2025 | 4.5% | -3.7 points |
| Q3 2025 | -30% | -40 points |
| Q2 2025 | 5% | -5.1 points |
| Q1 2025 | 4.1% | -11 points |
| Q4 2024 | 8.2% | -0.5 points |
ULH's operating margin was 8.3% last quarter, up 38 points from the same quarter a year ago.
ULH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.2M | +$35.8M |
| Q2 2026 | $27.1M | +$85.7M |
| Q1 2026 | $23.8M | -25% |
| Q4 2025 | $14.3M | -25% |
| Q3 2025 | -$28.6M | +$30.3M |
| Q2 2025 | -$58.6M | +$9M |
| Q1 2025 | $31.7M | +$63.4M |
| Q4 2024 | $18.9M | +3156% |
ULH's free cash flow has turned positive after three years mostly in the red: $72M over the past year.
ULH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -3K shares |
| 1 year | +0.1% | +27K shares |
| 3 years | +0.2% | +57K shares |
| 5 years | -2.1% | -561K shares |
| Available history | -3.4% | -916K shares |
ULH has 26M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $67,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $24,000 |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $134,000 |
| Q2 2023 | — |
ULH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 7.2x | High |
| Q1 2026 | 10.3x | High |
| Q4 2025 | 9.4x | High |
| Q3 2025 | 8.0x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.3x | Moderate |
ULH's net debt is about 2.8 years of its operating earnings (EBITDA), down from 8.0 years a year ago.
ULH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.0 | Overbought |
| Stochastic | 80.1 | Overbought |
ULH's weekly RSI is 72 (overbought) and its Stochastic is 80 (overbought).
ULH PE vs Industrials Sector
| Metric | ULH | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 96 | 58 | 38 pts above |
ULH is trading at 18x earnings, a 27% discount to the Industrials sector's median of 24x.
ULH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.6 | 44% above |
| 20 week MA | $18.5 | 60% above |
| 50 week MA | $17.7 | 67% above |
| 100 week MA | $22.3 | 33% above |
| 200 week MA | $28.3 | 5.2% above |
ULH has climbed back above all five of its weekly moving averages, and it's now 5.2% above its 200-week average.
ULH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $20.7 | +8.6% |
| 2021 | $20.7 | $18.0 | -13% |
| 2022 | $18.0 | $34.2 | +90% |
| 2023 | $34.2 | $28.0 | -18% |
| 2024 | $28.0 | $46.1 | +64% |
| 2025 | $46.1 | $15.7 | -66% |
| 2026 YTD | $15.7 | $29.7 | +90% |
ULH is up 90% so far in 2026, after finishing lower in three of the previous six years.