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| Date | Value |
|---|---|
| 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 |