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Universal Logistics Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$27.1M in Q2 2026 · $36.7M over twelve months

Operating cash flow$40.5M
Capital spending−$13.3M
Free cash flow+$27.1M
Cash / net income1.5×

Analysis

In Q2 2026, Universal Logistics Holdings generated $40.5M of operating cash flow and spent $13.3M on capital projects, leaving free cash flow of $27.1M.

Over the twelve months to Jul 4, 2026, operating cash flow was $147M; the largest uses were capital spending ($110M), net borrowing (+) / repaid (−) ($103M), dividends ($11.1M); besides operations, cash came from asset & business sales ($53.5M), other investing ($11.3M); the cash balance fell by $4.0M.

Operating cash flow was $40.5M against net income of $26.2M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: gains on disposals −$45.3M, depreciation & amortization +$33.2M, receivables −$15.4M.

Free cash flow

Universal Logistics Holdings: free cash flow by quarterUniversal Logistics Holdings: free cash flow by quarter−$58.9MQ3 2024$18.9MQ4 2024$31.7MQ1 2025−$58.5MQ2 2025−$28.6MQ3 2025$14.3MQ4 2025$23.8MQ1 2026$27.1MQ2 2026
Operating cash flow less capital spending.
Universal Logistics Holdings: operating cash flow against capital spendingUniversal Logistics Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$6.2M$65.1MQ3 2024$59.7M$40.8MQ4 2024$84.3M$52.6MQ1 2025$25.7M$84.3MQ2 2025$25.9M$54.5MQ3 2025$47.1M$32.9MQ4 2025$33.4M$9.6MQ1 2026$40.5M$13.3MQ2 2026
Latest (Q2 2026): Operating cash flow $40.5M, Capital spending $13.3M.

Capital allocation, year by year

Universal Logistics Holdings: where the cash came from (up) and went (down), by fiscal yearUniversal Logistics Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $83.3MFY2021: Net borrowing −$33.3MFY2021: Asset sales $5.6MFY2021: Capital spending −$38.8MFY2021: Dividends −$11.3M$88.9MFY2021FY2022: Operating cash flow $213MFY2022: Net borrowing −$45.6MFY2022: Asset sales $14.3MFY2022: Capital spending −$117MFY2022: Buybacks −$14.3MFY2022: Dividends −$13.9M$228MFY2022FY2023: Operating cash flow $210MFY2023: Net borrowing $3.6MFY2023: Asset sales $3.5MFY2023: Capital spending −$241MFY2023: Buybacks −$134KFY2023: Dividends −$11.0M$217MFY2023FY2024: Operating cash flow $112MFY2024: Net borrowing $376MFY2024: Asset sales $4.4MFY2024: Capital spending −$252MFY2024: Acquisitions −$216MFY2024: Buybacks −$107KFY2024: Dividends −$11.1M$493MFY2024FY2025: Operating cash flow $183MFY2025: Net borrowing $39.6MFY2025: Asset sales $17.7MFY2025: Capital spending −$224MFY2025: Buybacks −$85KFY2025: Dividends −$11.1M$240MFY2025
Over these 5 years operating cash flow totalled $802M; the largest uses were capital spending ($872M) and acquisitions ($216M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$20.3M
Debt$693M
Net debt$672M
Due within a year$116M

Universal Logistics Holdings funds itself: free cash flow was $36.7M over the last twelve months, and $20.3M of cash and investments stands against $693M of debt ($116M due within a year, 0.2× covered by cash).

Universal Logistics Holdings: debt maturities by year (FY2025)Universal Logistics Holdings: debt maturities by year (FY2025)$116MYear 1$329MYear 2$100MYear 3$80.7MYear 4$52.9MYear 5$124MAfter year 5
Principal due in each year as disclosed in the annual report, against $20.3M of cash and investments now.

Where the cash came from and went

Universal Logistics Holdings: sources (+) and uses (−) of cash, Q2 2026Universal Logistics Holdings: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)−$59.2MOperating cash flow$40.5MAsset & business sales$39.4MCapital spending−$13.3MDividends−$2.8MCash drawn (+) / kept (−)−$2.4MExchange rates−$1.4MOther financing−$772K
Universal Logistics Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Universal Logistics Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$147MCapital spending−$110MNet borrowing (+) / repaid (−)−$103MAsset & business sales$53.5MExchange rates$11.8MOther investing$11.3MDividends−$11.1MCash drawn (+) / kept (−)$4.0MOther financing−$3.1MBuybacks−$45K

From profit to cash

Universal Logistics Holdings: net income to operating cash flow, Q2 2026Universal Logistics Holdings: net income to operating cash flow, Q2 2026Net income$26.2MDepreciation & amortization$33.2MStock-based pay$13KDeferred taxes$7.4MImpairments$3.9MGains on disposals−$45.3MReceivables−$15.4MPrepaid and other assets$2.2MOther liabilities$1.1MOperating cash flow$40.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$40.5M−$13.3M—−$2.8M−$59.2M−$2.4M$27.1M
Q1 2026$33.4M−$9.6M—−$2.8M−$47.6M$8.9M$23.8M
Q4 2025$47.1M−$32.9M—−$2.8M−$24.7M$535K$14.3M
Q3 2025$25.9M−$54.5M—−$2.8M$28.5M−$3.0M−$28.6M
Q2 2025$25.7M−$84.3M—−$2.8M$58.5M−$3.7M−$58.5M
Q1 2025$84.3M−$52.6M—−$2.8M−$22.6M−$1.3M$31.7M
Q4 2024$59.7M−$40.8M−$24K−$2.8M$201M−$7.5M$18.9M
Q3 2024$6.2M−$65.1M—−$2.8M$73.4M−$4.3M−$58.9M

Universal Logistics Holdings: income statement and cash flow

Universal Logistics Holdings, Q3 2026: revenue $394M (-0.7% year over year), operating margin 8.3%. The chart follows the revenue to costs, profit and cash.

Universal Logistics Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.