Latest Ratios: P/E Ratio -3.9x · EV/EBITDA 6.5x · ROE -16.8%. (2000–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $393M | $400M | $1.2B | $737M | $886M | $508M | $556M | $532M | $513M | $675M | $465M |
| Enterprise Value | $1.3B | $1.3B | $2.0B | $1.2B | $1.3B | $1.0B | $1.1B | $1.1B | $908M | $921M | $724M |
| P/E Ratio → | -3.93 | — | 9.32 | 7.94 | 5.25 | 6.88 | 11.57 | 14.15 | 9.83 | 23.99 | 19.24 |
| P/S Ratio | 0.25 | 0.26 | 0.66 | 0.44 | 0.44 | 0.29 | 0.40 | 0.35 | 0.35 | 0.55 | 0.43 |
| P/B Ratio | 0.73 | 0.74 | 1.87 | 1.39 | 1.98 | 1.68 | 2.32 | 2.59 | 2.45 | 4.00 | 3.14 |
| P/FCF | — | — | — | — | 9.20 | 11.43 | 64.45 | 11.02 | 18.13 | 32.95 | — |
| P/OCF | 2.15 | 2.19 | 10.77 | 3.51 | 4.15 | 6.10 | 5.60 | 4.16 | 5.41 | 8.05 | 6.77 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.86 | 1.10 | 0.72 | 0.66 | 0.59 | 0.80 | 0.71 | 0.62 | 0.76 | 0.68 |
| EV / EBITDA | 6.48 | 6.52 | 6.20 | 5.39 | 4.17 | 6.05 | 7.17 | 7.70 | 6.57 | 12.76 | 8.70 |
| EV / EBIT | 22.27 | 22.39 | 9.75 | 8.08 | 5.47 | 9.36 | 14.10 | 11.32 | 9.63 | 22.58 | 15.55 |
| EV / FCF | — | — | — | — | 13.74 | 23.22 | 128.37 | 22.34 | 32.07 | 44.97 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5% | 10.5% | 17.1% | 15.4% | 17.5% | 12.3% | 11.5% | 17.4% | 12.5% | 10.8% | 21.6% |
| Operating Margin | 3.9% | 3.9% | 11.0% | 8.8% | 11.9% | 5.9% | 5.8% | 4.3% | 5.7% | 2.1% | 4.3% |
| Net Profit Margin | -6.4% | -6.4% | 7.0% | 5.6% | 8.4% | 4.2% | 3.5% | 2.5% | 3.6% | 2.3% | 2.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.8% | -16.8% | 22.0% | 19.0% | 45.0% | 27.2% | 21.6% | 18.1% | 27.6% | 17.8% | 17.4% |
| ROA | -5.6% | -5.6% | 8.5% | 7.6% | 14.4% | 6.7% | 4.7% | 4.1% | 7.2% | 4.8% | 4.5% |
| ROIC | 3.1% | 3.1% | 12.4% | 11.6% | 21.1% | 9.6% | 7.8% | 7.2% | 12.3% | 4.6% | 9.2% |
| ROCE | 4.1% | 4.1% | 16.4% | 15.2% | 27.6% | 12.8% | 10.5% | 9.2% | 14.9% | 5.5% | 10.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.80 | 1.80 | 1.30 | 0.89 | 1.08 | 1.78 | 2.34 | 2.70 | 1.91 | 1.47 | 1.77 |
| Debt / EBITDA | 4.71 | 4.71 | 2.56 | 2.14 | 1.53 | 3.15 | 3.63 | 3.95 | 2.90 | 3.43 | 3.14 |
| Net Debt / Equity | — | 1.75 | 1.27 | 0.87 | 0.98 | 1.73 | 2.30 | 2.66 | 1.89 | 1.46 | 1.76 |
| Net Debt / EBITDA | 4.58 | 4.58 | 2.50 | 2.08 | 1.38 | 3.07 | 3.57 | 3.90 | 2.86 | 3.41 | 3.12 |
| Debt / FCF | — | — | — | — | 4.54 | 11.79 | 63.92 | 11.32 | 13.94 | 12.02 | — |
| Interest Coverage | 1.59 | 1.59 | 6.04 | 6.13 | 14.84 | 9.47 | 5.37 | 5.60 | 6.46 | 4.32 | 5.64 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 1.35 | 1.40 | 1.60 | 1.35 | 1.18 | 1.09 | 1.63 | 1.45 | 1.89 |
| Quick Ratio | 1.20 | 1.20 | 1.32 | 1.40 | 1.60 | 1.30 | 1.15 | 1.06 | 1.59 | 1.41 | 1.81 |
| Cash Ratio | 0.12 | 0.12 | 0.10 | 0.09 | 0.20 | 0.07 | 0.06 | 0.07 | 0.09 | 0.11 | 0.15 |
| Asset Turnover | — | 0.88 | 1.03 | 1.33 | 1.67 | 1.54 | 1.31 | 1.52 | 1.73 | 1.99 | 1.88 |
| Inventory Turnover | — | — | 185.05 | — | — | 108.88 | 148.81 | 174.33 | 189.38 | 203.08 | 97.60 |
| Days Sales Outstanding | — | 74.91 | 70.17 | 68.52 | 68.25 | 77.24 | 74.86 | 55.84 | 53.93 | 51.31 | 49.24 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 2.8% | 0.9% | 1.5% | 1.6% | 2.2% | 1.0% | 2.8% | 2.1% | 1.2% | 1.7% |
| Payout Ratio | — | — | 8.5% | 11.9% | 8.3% | 15.3% | 11.9% | 40.0% | 20.9% | 28.3% | 32.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 10.7% | 12.6% | 19.0% | 14.5% | 8.6% | 7.1% | 10.2% | 4.2% | 5.2% |
| FCF Yield | — | — | — | — | 10.9% | 8.7% | 1.6% | 9.1% | 5.5% | 3.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% | 0.9% | 4.7% | 0.2% | 0.2% | 0.0% |
| Total Shareholder Yield | 2.8% | 2.8% | 0.9% | 1.5% | 3.2% | 2.2% | 2.0% | 7.5% | 2.3% | 1.4% | 1.7% |
| Shares Outstanding | — | $26M | $26M | $26M | $26M | $27M | $27M | $28M | $28M | $28M | $28M |
Automotive production volume sensitivity
According to current market data, ULH trades at a negative trailing P/E of -4.04, which, when contrasted with a forward P/E of 27.82, suggests that investors are pricing in a significant recovery that remains highly speculative given the company's recent history of net losses.
The valuation gap between the trailing and forward multiples indicates that the market is looking past current operational distress toward a potential cyclical rebound. However, the low P/S ratio of 0.26 relative to peers like Old Dominion Freight Line suggests that the market heavily discounts the company's revenue quality, likely due to its high exposure to cyclical automotive manufacturing.
Based on reported financial figures, ULH's ROIC has trended downward from a peak of 5.4% in 2024Q1 to a marginal 0.2% in 2026Q1, illustrating a clear decay in the company's ability to generate returns on its expanding asset base during the current industrial downturn.
The compression in ROIC is primarily driven by the inability to maintain operating margins as fixed costs associated with value-added facilities remain sticky. This trend suggests that the company's capital allocation strategy is currently failing to create value, as returns on invested capital are struggling to exceed the likely cost of capital.
As reported in recent financial statements, the company's cash conversion cycle has expanded to 64 days in 2026Q1, reflecting a deterioration in working capital efficiency that complicates the company's ability to manage liquidity during periods of declining freight volumes and automotive production slowdowns.
The increase in DSO to 81 days suggests that the company is facing longer collection cycles, which may indicate either a shift in customer payment terms or increased credit risk within its automotive client base. This inefficiency forces a greater reliance on external financing to bridge the gap between service delivery and cash receipt.
Based on quarterly balance sheet data, the debt-to-equity ratio has climbed to 1.73 in 2026Q1, a significant increase from 0.86 in 2024Q1, which indicates that the company is increasingly reliant on debt to fund operations as internal cash generation remains insufficient to cover capital requirements.
The interest coverage ratio of 0.49 in the most recent quarter is particularly concerning, as it suggests that the company is not generating enough operating income to comfortably service its debt obligations. This leverage profile leaves the company with little room for error should industrial demand remain depressed for an extended period.
Investors frequently misapply the 'asset-light' label to ULH, failing to account for the fixed-cost nature of its specialized warehousing and sequencing facilities, which causes traditional brokerage-based valuation multiples to obscure the true operational risk inherent in the company's capital-intensive service model.
By treating ULH as a pure-play brokerage, analysts often overlook the significant depreciation and lease obligations that weigh on the balance sheet during cyclical troughs. A more appropriate approach would be to evaluate the company using metrics that account for fixed-asset intensity, such as EV/EBITDAR, to better reflect the underlying cost structure.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying ULH stock.
Universal Logistics Holdings, Inc.'s current P/E ratio is -3.9x. The historical average is 16.7x.
Universal Logistics Holdings, Inc.'s current EV/EBITDA is 6.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
Universal Logistics Holdings, Inc.'s return on equity (ROE) is -16.8%. The historical average is 27.3%.
Based on historical data, Universal Logistics Holdings, Inc. is trading at a P/E of -3.9x. Compare with industry peers and growth rates for a complete picture.
Universal Logistics Holdings, Inc.'s current dividend yield is 2.82%.
Universal Logistics Holdings, Inc. has 10.5% gross margin and 3.9% operating margin.
Universal Logistics Holdings, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.