Universal Logistics Holdings (ULH) Operating Expenses (2010 - 2025)

Universal Logistics Holdings (ULH) posted Operating Expenses of $367.9 million for Q4 2025, down 28.44% quarter-over-quarter from $514.2 million in Q3 2025, and down 13.8% year-on-year from $426.8 million in Q4 2024.

Universal Logistics Holdings (ULH) Operating Expenses (2010 - 2025) Analysis & Trends

Universal Logistics Holdings (ULH) has reported Operating Expenses for 16 consecutive years, with $367.9 million the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $367.9 million, down 13.8% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.6 billion (down 1.23% YoY), and the FY2025 annual result was $1.6 billion, down 1.23% from the prior year.
  • Operating Expenses was $367.9 million for Q4 2025 at Universal Logistics Holdings, down from $514.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $514.2 million in Q3 2025 and troughed at $356.8 million in Q4 2023.
  • Average Operating Expenses over 5 years is $410.3 million, with a median of $404.9 million recorded in 2022.
  • Year-over-year, Operating Expenses soared 58.4% in 2021 and decreased 18.67% in 2023.
  • Over 5 years, Operating Expenses stood at $443.6 million in 2021, then slipped by 7.45% to $410.6 million in 2022, then dropped by 13.09% to $356.8 million in 2023, then gained by 19.62% to $426.8 million in 2024, then decreased by 13.8% to $367.9 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $367.9 million in Q4 2025, $514.2 million in Q3 2025, and $373.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 TFI International 160.26 Bn 160.08 Bn 963.70 Mn 1.85 Bn
2 Old Dominion Freight Line 45.40 Bn 45.11 Bn 1.33 Bn 1.02 Bn
3 Xpo 24.25 Bn 24.01 Bn 1.67 Bn 423.00 Mn
4 Knight-Swift Transportation Holdings 12.57 Bn 12.51 Bn 1.57 Bn 1.82 Bn
5 Saia 11.19 Bn 11.15 Bn - 739.42 Mn
6 Schneider National 6.37 Bn 6.11 Bn 1.27 Bn 187.80 Mn
7 Rxo 4.69 Bn 4.67 Bn 254.00 Mn 197.00 Mn
8 Arcbest 3.12 Bn 3.04 Bn 951.93 Mn 995.36 Mn
9 Werner Enterprises 2.63 Bn 2.59 Bn 726.17 Mn 804.62 Mn
10 Universal Logistics Holdings 403.34 Mn 366.15 Mn 339.25 Mn 367.94 Mn

Historic Data

Download Data
DateValue
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
Apr 3, 2021 384.08 Mn