UNIVERSAL LOGISTICS HOLDINGS, INC.
ULH · Trucking (No Local) · 26.4M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$128K (gross $134K, SBC $262K)
Grade
D49Asset-heavy trucking/logistics operator posting a loss year with high leverage, negative FCF and a recent restatement.
Strengths
- Positive operating cash margin (11.7%, 59.8th pct)
- Diversified transportation/logistics platform across multiple end-markets
Risks
- Net (-6.4%) and operating (-4.1%) margins negative; ROE -18.5% and ROA -5.6% (16.7th pct)
- Debt/equity 1.26 (90th pct), negative FCF (-$41M) and ~2.6 quarters cash runway
- Restated Q3 2025 financials over intermodal goodwill impairment; customer concentration in cyclical autos/metals
Notable findings
- RestatementRisks Related to Our Business and Strategy We have restated previously issued financial of Financial Condition and Results of Operations” in Item 7 and our consolidated financial statements and rela 8-K ↗
- No interest coverageInterest coverage -1.31 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Net lossNet loss (net margin -6.4%)
- Cash burnNegative free cash flow (-41.1M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-4.1%
Net margin
-6.4%
Return on equity
-18.5%
Return on assets
-5.6%
ROIC
-4.2%
Revenue growth (QoQ)
-4.6%
Net-income growth
-176.9%
Debt / equity
1.3×
Net debt / EBITDA
8.0×
Interest coverage
-1.3×
Current ratio
1.2×
Free cash flow
-$41M
EBITDA
$82M
Tangible book value
$326M
Cash & investments
$27M
Cash runway
3q
Stock comp / revenue
0.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-08 | BELANGER GRANT EDWARD | Grant | 958 | $13.04 |
| 2026-02-04 | BERES JUDE MARCUS | Grant | 7.4K | $18.92 |
| 2026-02-04 | PHILLIPS TIMOTHY | Grant | 7.2K | $18.92 |
| 2025-05-05 | BELANGER GRANT EDWARD | Grant | 667 | $22.47 |
| 2025-05-05 | Moroun Matthew J. | Grant | 667 | $22.47 |
| 2025-05-05 | MOROUN MATTHEW T | Grant | 667 | $22.47 |
| 2025-05-05 | MOROUN MATTHEW T | Grant | 667 | $22.47 |
| 2025-05-05 | Urban Richard P | Grant | 445 | $22.47 |
| 2025-05-05 | Regan Michael A. | Grant | 356 | $22.47 |
| 2025-02-10 | BERES JUDE MARCUS | Grant | 7.5K | $29.73 |
| 2025-02-10 | PHILLIPS TIMOTHY | Grant | 5.9K | $29.73 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Material agreementExhibits | filing ↗ |
| 2026-05-01 | ResultsExec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2026-04-08 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-20 | Auditor changeExhibits | filing ↗ |
| 2026-03-19 | Auditor changeExhibits | filing ↗ |
| 2026-03-13 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-09 | Non-reliance/restatementExhibits | filing ↗ |
| 2025-11-06 | ResultsImpairmentReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-24 | 0001193125-26-285573 ↗ |
| 10-Q | 2026-05-14 | 2026-04-04 | 0001193125-26-224068 ↗ |
| 8-K | 2026-05-01 | 2026-04-29 | 0001193125-26-201493 ↗ |
| 8-K | 2026-04-08 | 2026-04-02 | 0001193125-26-147675 ↗ |
| 8-K | 2026-03-20 | 2026-03-16 | 0001193125-26-117665 ↗ |
| 8-K | 2026-03-19 | 2026-03-13 | 0001193125-26-116016 ↗ |
| 10-K | 2026-03-16 | 2025-12-31 | 0001193125-26-108365 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001193125-26-106206 ↗ |
| 8-K | 2026-03-09 | 2026-03-03 | 0001193125-26-098600 ↗ |
| 10-Q/A | 2026-03-09 | 2025-09-27 | 0001193125-26-098732 ↗ |
| 8-K/A | 2025-11-06 | 2025-10-21 | 0001193125-25-269662 ↗ |
| 10-Q | 2025-11-06 | 2025-09-27 | 0001193125-25-269788 ↗ |