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Side-by-side financial comparison of PAMT CORP (PAMT) and UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH). Click either name above to swap in a different company.

UNIVERSAL LOGISTICS HOLDINGS, INC. is the larger business by last-quarter revenue ($385.4M vs $141.3M, roughly 2.7× PAMT CORP). UNIVERSAL LOGISTICS HOLDINGS, INC. runs the higher net margin — 1.0% vs -20.7%, a 21.7% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -17.1%). UNIVERSAL LOGISTICS HOLDINGS, INC. produced more free cash flow last quarter ($14.3M vs $-25.0M). Over the past eight quarters, UNIVERSAL LOGISTICS HOLDINGS, INC.'s revenue compounded faster (-11.5% CAGR vs -12.0%).

Universal Music Group N.V. is a multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands, and its operational headquarters are located in Santa Monica, California. As the biggest music company in the world, it is one of the "Big Three" record labels, along with Sony Music Entertainment and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake...

PAMT vs ULH — Head-to-Head

Bigger by revenue
ULH
ULH
2.7× larger
ULH
$385.4M
$141.3M
PAMT
Growing faster (revenue YoY)
PAMT
PAMT
+2.0% gap
PAMT
-15.1%
-17.1%
ULH
Higher net margin
ULH
ULH
21.7% more per $
ULH
1.0%
-20.7%
PAMT
More free cash flow
ULH
ULH
$39.2M more FCF
ULH
$14.3M
$-25.0M
PAMT
Faster 2-yr revenue CAGR
ULH
ULH
Annualised
ULH
-11.5%
-12.0%
PAMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PAMT
PAMT
ULH
ULH
Revenue
$141.3M
$385.4M
Net Profit
$-29.3M
$3.7M
Gross Margin
Operating Margin
-27.0%
4.5%
Net Margin
-20.7%
1.0%
Revenue YoY
-15.1%
-17.1%
Net Profit YoY
7.4%
-81.5%
EPS (diluted)
$-1.38
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PAMT
PAMT
ULH
ULH
Q4 25
$141.3M
$385.4M
Q3 25
$150.3M
$396.8M
Q2 25
$151.1M
$393.8M
Q1 25
$155.3M
$382.4M
Q4 24
$166.5M
$465.1M
Q3 24
$182.6M
$426.8M
Q2 24
$182.9M
$462.2M
Q1 24
$182.6M
$491.9M
Net Profit
PAMT
PAMT
ULH
ULH
Q4 25
$-29.3M
$3.7M
Q3 25
$-5.6M
$-117.9M
Q2 25
$-9.6M
$8.3M
Q1 25
$-8.1M
$6.0M
Q4 24
$-31.6M
$20.2M
Q3 24
$2.4M
$26.5M
Q2 24
$-2.9M
$30.7M
Q1 24
$281.0K
$52.5M
Operating Margin
PAMT
PAMT
ULH
ULH
Q4 25
-27.0%
4.5%
Q3 25
-3.8%
-29.6%
Q2 25
-7.3%
5.1%
Q1 25
-5.9%
4.1%
Q4 24
-22.6%
8.2%
Q3 24
1.3%
10.0%
Q2 24
-0.4%
10.2%
Q1 24
-0.4%
15.3%
Net Margin
PAMT
PAMT
ULH
ULH
Q4 25
-20.7%
1.0%
Q3 25
-3.7%
-29.7%
Q2 25
-6.4%
2.1%
Q1 25
-5.2%
1.6%
Q4 24
-19.0%
4.3%
Q3 24
1.3%
6.2%
Q2 24
-1.6%
6.7%
Q1 24
0.2%
10.7%
EPS (diluted)
PAMT
PAMT
ULH
ULH
Q4 25
$-1.38
$0.14
Q3 25
$-0.27
$-4.48
Q2 25
$-0.46
$0.32
Q1 25
$-0.37
$0.23
Q4 24
$-1.44
$0.76
Q3 24
$0.11
$1.01
Q2 24
$-0.13
$1.17
Q1 24
$0.01
$1.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PAMT
PAMT
ULH
ULH
Cash + ST InvestmentsLiquidity on hand
$83.7M
$26.8M
Total DebtLower is stronger
$333.9M
$797.6M
Stockholders' EquityBook value
$210.5M
$540.4M
Total Assets
$697.9M
$1.8B
Debt / EquityLower = less leverage
1.59×
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAMT
PAMT
ULH
ULH
Q4 25
$83.7M
$26.8M
Q3 25
$115.6M
$27.4M
Q2 25
$117.3M
$24.3M
Q1 25
$102.7M
$20.6M
Q4 24
$110.7M
$19.4M
Q3 24
$92.3M
$11.8M
Q2 24
$114.0M
$7.5M
Q1 24
$125.8M
$11.1M
Total Debt
PAMT
PAMT
ULH
ULH
Q4 25
$333.9M
$797.6M
Q3 25
$824.2M
Q2 25
$795.5M
Q1 25
$736.7M
Q4 24
$325.6M
$759.1M
Q3 24
$557.4M
Q2 24
$483.8M
Q1 24
$414.1M
Stockholders' Equity
PAMT
PAMT
ULH
ULH
Q4 25
$210.5M
$540.4M
Q3 25
$239.5M
$534.9M
Q2 25
$244.9M
$653.7M
Q1 25
$269.6M
$646.4M
Q4 24
$277.5M
$647.0M
Q3 24
$308.9M
$631.0M
Q2 24
$306.7M
$608.9M
Q1 24
$314.6M
$583.9M
Total Assets
PAMT
PAMT
ULH
ULH
Q4 25
$697.9M
$1.8B
Q3 25
$715.2M
$1.8B
Q2 25
$707.9M
$1.9B
Q1 25
$712.6M
$1.8B
Q4 24
$741.7M
$1.8B
Q3 24
$756.7M
$1.6B
Q2 24
$733.5M
$1.5B
Q1 24
$746.4M
$1.4B
Debt / Equity
PAMT
PAMT
ULH
ULH
Q4 25
1.59×
1.48×
Q3 25
1.54×
Q2 25
1.22×
Q1 25
1.14×
Q4 24
1.17×
1.17×
Q3 24
0.88×
Q2 24
0.79×
Q1 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PAMT
PAMT
ULH
ULH
Operating Cash FlowLast quarter
$-5.8M
$47.1M
Free Cash FlowOCF − Capex
$-25.0M
$14.3M
FCF MarginFCF / Revenue
-17.7%
3.7%
Capex IntensityCapex / Revenue
13.6%
8.5%
Cash ConversionOCF / Net Profit
12.62×
TTM Free Cash FlowTrailing 4 quarters
$-23.4M
$-41.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAMT
PAMT
ULH
ULH
Q4 25
$-5.8M
$47.1M
Q3 25
$5.9M
$25.9M
Q2 25
$12.2M
$25.7M
Q1 25
$5.0M
$84.3M
Q4 24
$15.2M
$59.7M
Q3 24
$15.5M
$6.2M
Q2 24
$18.7M
$9.6M
Q1 24
$9.6M
$36.9M
Free Cash Flow
PAMT
PAMT
ULH
ULH
Q4 25
$-25.0M
$14.3M
Q3 25
$2.5M
$-28.6M
Q2 25
$5.9M
$-58.5M
Q1 25
$-6.8M
$31.7M
Q4 24
$-39.9M
$18.9M
Q3 24
$-33.6M
$-58.9M
Q2 24
$4.1M
$-67.6M
Q1 24
$-12.2M
$-31.7M
FCF Margin
PAMT
PAMT
ULH
ULH
Q4 25
-17.7%
3.7%
Q3 25
1.7%
-7.2%
Q2 25
3.9%
-14.9%
Q1 25
-4.4%
8.3%
Q4 24
-24.0%
4.1%
Q3 24
-18.4%
-13.8%
Q2 24
2.2%
-14.6%
Q1 24
-6.7%
-6.4%
Capex Intensity
PAMT
PAMT
ULH
ULH
Q4 25
13.6%
8.5%
Q3 25
2.3%
13.7%
Q2 25
4.2%
21.4%
Q1 25
7.6%
13.7%
Q4 24
33.1%
8.8%
Q3 24
26.9%
15.3%
Q2 24
8.0%
16.7%
Q1 24
12.0%
13.9%
Cash Conversion
PAMT
PAMT
ULH
ULH
Q4 25
12.62×
Q3 25
Q2 25
3.09×
Q1 25
14.02×
Q4 24
2.96×
Q3 24
6.44×
0.23×
Q2 24
0.31×
Q1 24
34.11×
0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

ULH
ULH

Value Added Services$183.7M48%
Dedicated Services$84.9M22%
Intermodal$52.7M14%
Truckload Services$48.8M13%
Brokerage Services$16.1M4%

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