Filing Flows › Universal Logistics Holdings (ULH) › Q2 2025
Universal Logistics Holdings (ULH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Universal Logistics Holdings (ULH) reported revenue of $394M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +3% from the quarter before. Operating margin was 5.1%, net earnings $8.3M (2.1% of revenue).
Universal Logistics Holdings, Q2 2025: revenue $394M (-15% year over year), operating margin 5.1%, net earnings $8.3M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $394M | +3% | -15% |
| Operating profit | $19.9M | +27% | -58% |
| Net earnings | $8.3M | +38% | -73% |
| Operating cash flow | $25.7M | -69% | +169% |
What changed
Revenue was $393.8M in Q2 2025, down 15% year over year and up 3% from the previous quarter. Value Added Services was the largest line at 45% of revenue. Brokerage Services lost $34.1M year over year (down 64%), 50% of the total change.
Operating profit was $19.9M, a 5.1% margin (down 5.1 points year over year). Total costs fell 10% while revenue fell 15%. Net earnings were $8.3M, down 73% year over year. The effective tax rate was 25.7%.
Operating cash flow was $25.7M (up 169% year over year), 309% of net earnings. Non-cash charges added back $36.2M of depreciation and amortization and $63K of share-based compensation. Working capital and other items used $18.9M. Capital expenditures of $84.3M exceeded it, leaving free cash flow of −$58.5M.
Questions
What was Universal Logistics Holdings' revenue in the second quarter 2025?
Universal Logistics Holdings (ULH) reported revenue of $394M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +3% from the quarter before.
Was Universal Logistics Holdings profitable in the second quarter 2025?
Operating profit was $19.9M (5.1% of revenue) and net earnings $8.3M.