Filing Flows › Universal Logistics Holdings (ULH) › Q2 2026 › vs Q1 2026
Universal Logistics Holdings (ULH) Q2 2026 vs Q1 2026 (quarter over quarter)
Universal Logistics Holdings's revenue rose $11.7M (+3%) from $368M in Q1 2026 to $379M in Q2 2026. The biggest changes: Truckload Services +$11.1M (+33%); Dedicated Services +$4.0M (+5%); Intermodal Services −$3.9M (-8%). Operating margin 11.9% against 1.3% (+10.6 pts).
Universal Logistics Holdings, Q2 2026: revenue $379M, operating margin 11.9%, net earnings $26.2M, operating cash flow $40.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.9% | 1.3% | +10.6 pts |
| Net margin | 6.9% | -1.0% | +7.9 pts |
| Free cash flow margin | 7.2% | 6.5% | +0.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Value Added Services | $183M | $185M | −$2.1M | -1% |
| Dedicated Services | $88.1M | $84.1M | $4.0M | +5% |
| Truckload Services | $45.0M | $34.0M | $11.1M | +33% |
| Intermodal Services | $43.4M | $47.3M | −$3.9M | -8% |
| Brokerage Services | $19.4M | $16.8M | $2.7M | +16% |
| Revenue | $379M | $368M | $11.7M | +3% |
| Operating profit | $45.1M | $4.8M | $40.4M | +845% |
| Costs & expenses | $334M | $363M | −$28.6M | -8% |
| Pre-tax earnings | $34.6M | −$4.6M | $39.2M | — |
| Other expense, net | $10.6M | $9.4M | $1.2M | +12% |
| General & admin | $16.0M | $14.6M | $1.4M | +10% |
| Other operating costs | $318M | $348M | −$30.0M | -9% |
| Net earnings | $26.2M | −$3.5M | $29.7M | — |
| Income tax | $8.4M | −$1.1M | $9.5M | — |
| Depreciation & amortization | $33.2M | $35.6M | −$2.5M | -7% |
| Share-based compensation | $13K | $954K | −$941K | -99% |
| Working capital & other | $18.9M | −$316K | $19.2M | — |
| Operating cash flow | $40.5M | $33.4M | $7.0M | +21% |
| Free cash flow (OCF − capex) | $27.1M | $23.8M | $3.3M | +14% |
| Capital expenditures | $13.3M | $9.6M | $3.7M | +39% |
Questions
How much did Universal Logistics Holdings's revenue grow quarter over quarter in Q2 2026?
Universal Logistics Holdings's revenue rose $11.7M (+3%) from $368M in Q1 2026 to $379M in Q2 2026.
What drove Universal Logistics Holdings's revenue change in Q2 2026?
Truckload Services +$11.1M (+33%); Dedicated Services +$4.0M (+5%); Intermodal Services −$3.9M (-8%).