Universal Logistics Holdings (ULH) Operating Expenses (2010 - 2026)
Universal Logistics Holdings' (ULH) quarterly Operating Expenses came in at $367.9 million in Q4 2025, down 13.8% YoY from $426.8 million in Q4 2024, and down 28.44% on a QoQ basis from $514.2 million in Q3 2025.
Universal Logistics Holdings (ULH) Operating Expenses (2010 - 2026) Analysis & Trends
Universal Logistics Holdings (ULH) has 16 years of Operating Expenses data on file, last reported at $367.9 million in Q4 2025.
- Quarterly Operating Expenses fell 13.8% year-over-year to $367.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.6 billion (down 1.23% YoY) and the FY2025 annual result came in at $1.6 billion, down 1.23% from the prior year.
- Operating Expenses declined to $367.9 million in Q4 2025, from $514.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $514.2 million in Q3 2025 to a low of $356.8 million in Q4 2023.
- A 5-year average of $410.3 million and a median of $404.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses jumped 58.4% — and 2023, when it fell 18.67%.
- Tracing ULH's Operating Expenses over 5 years: stood at $443.6 million in 2021, then fell by 7.45% to $410.6 million in 2022, then retreated by 13.09% to $356.8 million in 2023, then grew by 19.62% to $426.8 million in 2024, then declined by 13.8% to $367.9 million in 2025.
- The last three Operating Expenses figures came in at $367.9 million (Q4 2025), $514.2 million (Q3 2025), and $373.9 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.67 Bn | 42.38 Bn | 1.52 Bn | 1.09 Bn |
| 2 | Xpo | 22.97 Bn | 22.68 Bn | 1.89 Bn | 476.00 Mn |
| 3 | TFI International | 11.49 Bn | 11.29 Bn | - | 2.07 Bn |
| 4 | Knight-Swift Transportation Holdings | 11.41 Bn | 11.22 Bn | 1.77 Bn | 1.99 Bn |
| 5 | Saia | 9.62 Bn | 9.54 Bn | - | 831.28 Mn |
| 6 | Schneider National | 6.18 Bn | 5.65 Bn | 1.00 Bn | 1.50 Bn |
| 7 | Rxo | 3.71 Bn | 3.70 Bn | 302.00 Mn | 218.00 Mn |
| 8 | Arcbest | 3.07 Bn | 2.90 Bn | 1.14 Bn | 1.21 Bn |
| 9 | Werner Enterprises | 2.29 Bn | 2.23 Bn | - | 917.01 Mn |
| 10 | Universal Logistics Holdings | 524.53 Mn | 504.22 Mn | 323.04 Mn | 334.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 334.19 Mn |
| Dec 31, 2025 | 367.94 Mn |
| Sep 27, 2025 | 514.20 Mn |
| Jun 28, 2025 | 373.90 Mn |
| Mar 29, 2025 | 366.71 Mn |
| Dec 31, 2024 | 426.85 Mn |
| Sep 28, 2024 | 384.20 Mn |
| Jun 29, 2024 | 415.06 Mn |
| Mar 30, 2024 | 416.82 Mn |
| Dec 31, 2023 | 356.83 Mn |
| Sep 30, 2023 | 384.49 Mn |
| Jul 1, 2023 | 376.18 Mn |
| Apr 1, 2023 | 399.20 Mn |
| Dec 31, 2022 | 410.56 Mn |
| Oct 1, 2022 | 435.92 Mn |
| Jul 2, 2022 | 462.53 Mn |
| Apr 2, 2022 | 466.01 Mn |
| Dec 31, 2021 | 443.60 Mn |
| Oct 2, 2021 | 428.88 Mn |
| Jul 3, 2021 | 391.47 Mn |