Filing Flows › Universal Logistics Holdings (ULH) › Q4 2025
Universal Logistics Holdings (ULH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Universal Logistics Holdings (ULH) reported revenue of $385M for the fourth quarter 2025 (Q4 2025), -17% from a year earlier and -3% from the quarter before. Operating margin was 4.5%, net earnings $3.7M (1.0% of revenue).
Universal Logistics Holdings, Q4 2025: revenue $385M (-17% year over year), operating margin 4.5%, net earnings $3.7M, operating cash flow $47.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $385M | -3% | -17% |
| Operating profit | $17.5M | — | -54% |
| Net earnings | $3.7M | — | -81% |
| Operating cash flow | $47.1M | +82% | -21% |
| Free cash flow | $14.3M | — | -25% |
What changed
Revenue was $385.4M in Q4 2025, down 17% year over year and down 3% from the previous quarter. Value Added Services was the largest line at 48% of revenue.
Operating profit was $17.5M, a 4.5% margin (down 3.7 points year over year). Total costs fell 14% while revenue fell 17%. Net earnings were $3.7M, down 81% year over year. The effective tax rate was 49.0%.
Operating cash flow was $47.1M (down 21% year over year), 1262% of net earnings. Non-cash charges added back $39.1M of depreciation and amortization. Working capital and other items added $4.3M. Capital expenditures of $32.9M left free cash flow of $14.3M.
Questions
What was Universal Logistics Holdings' revenue in the fourth quarter 2025?
Universal Logistics Holdings (ULH) reported revenue of $385M for the fourth quarter 2025 (Q4 2025), -17% from a year earlier and -3% from the quarter before.
Was Universal Logistics Holdings profitable in the fourth quarter 2025?
Operating profit was $17.5M (4.5% of revenue) and net earnings $3.7M.