Universal Logistics Holdings, Inc. (NASDAQ: ULH) has reported its financial results for the fourth quarter of 2025, showing a consolidated net income of $3.7 million, or $0.14 per basic and diluted share, on total operating revenues of $385.4 million. This marks a decrease from the corresponding period last year, where the company reported total operating revenues of $465.1 million, net income of $20.2 million, and $0.77 earnings per basic and diluted share.
The operating income for the fourth quarter of 2025 was $17.5 million, a decline from $38.3 million in the same period one year earlier. As a percentage of operating revenue, the operating margin for the fourth quarter of 2025 was 4.5%, compared to 8.2% during the same period in 2024.
The company's EBITDA, a non-GAAP measure, was $57.1 million during the fourth quarter of 2025, down from $73.5 million one year earlier. As a percentage of operating revenue, the EBITDA margin for the fourth quarter of 2025 was 14.8%, compared to 15.8% during the same period in 2024.
In terms of the segment breakdown, the contract logistics segment saw operating revenues of $268.6 million and operating income of $23.2 million, down from $307.4 million and $39.1 million, respectively, for the same period in 2024. The intermodal segment reported operating revenues of $52.7 million and an operating loss of $(10.6) million, compared to $73.1 million and an operating loss of $(9.7) million in the fourth quarter of 2024. The trucking segment reported operating revenues of $64.1 million and operating income of $4.5 million, down from $83.8 million and $5.8 million, respectively, for the same period in 2024.
Additionally, the company declared a cash dividend of $0.105 per share of common stock, payable to shareholders of record at the close of business on March 23, 2026.
As of December 31, 2025, Universal held $26.8 million in cash and cash equivalents and $10.4 million in marketable securities. Its outstanding debt at the end of the fourth quarter of 2025 was $802.3 million, and capital expenditures during the quarter totaled $32.9 million.
Universal Logistics Holdings, Inc. attributes the mixed results in the fourth quarter of 2025 to underperformance in its intermodal segment, while its contract logistics and trucking segments performed in line with expectations. The company remains focused on driving efficiencies in its operations and executing cost-saving initiatives across the organization to support profitable growth. As a result of these announcements, the company's shares have moved -6.95% on the market, and are now trading at a price of $17.55. Check out the company's full 8-K submission here.
