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Side-by-side financial comparison of UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $385.4M, roughly 1.2× UNIVERSAL LOGISTICS HOLDINGS, INC.). W. P. Carey Inc. runs the higher net margin — 33.4% vs 1.0%, a 32.4% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs -17.1%). Over the past eight quarters, W. P. Carey Inc.'s revenue compounded faster (6.8% CAGR vs -11.5%).

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...

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

ULH vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.2× larger
WPC
$444.5M
$385.4M
ULH
Growing faster (revenue YoY)
WPC
WPC
+26.6% gap
WPC
9.4%
-17.1%
ULH
Higher net margin
WPC
WPC
32.4% more per $
WPC
33.4%
1.0%
ULH
Faster 2-yr revenue CAGR
WPC
WPC
Annualised
WPC
6.8%
-11.5%
ULH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ULH
ULH
WPC
WPC
Revenue
$385.4M
$444.5M
Net Profit
$3.7M
$148.3M
Gross Margin
Operating Margin
4.5%
34.5%
Net Margin
1.0%
33.4%
Revenue YoY
-17.1%
9.4%
Net Profit YoY
-81.5%
215.4%
EPS (diluted)
$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
ULH
ULH
WPC
WPC
Q4 25
$385.4M
$444.5M
Q3 25
$396.8M
$431.3M
Q2 25
$393.8M
$430.8M
Q1 25
$382.4M
$409.9M
Q4 24
$465.1M
$406.2M
Q3 24
$426.8M
$397.4M
Q2 24
$462.2M
$389.7M
Q1 24
$491.9M
$389.8M
Net Profit
ULH
ULH
WPC
WPC
Q4 25
$3.7M
$148.3M
Q3 25
$-117.9M
$141.0M
Q2 25
$8.3M
$51.2M
Q1 25
$6.0M
$125.8M
Q4 24
$20.2M
$47.0M
Q3 24
$26.5M
$111.7M
Q2 24
$30.7M
$142.9M
Q1 24
$52.5M
$159.2M
Operating Margin
ULH
ULH
WPC
WPC
Q4 25
4.5%
34.5%
Q3 25
-29.6%
34.7%
Q2 25
5.1%
15.0%
Q1 25
4.1%
33.5%
Q4 24
8.2%
13.5%
Q3 24
10.0%
30.4%
Q2 24
10.2%
38.3%
Q1 24
15.3%
43.0%
Net Margin
ULH
ULH
WPC
WPC
Q4 25
1.0%
33.4%
Q3 25
-29.7%
32.7%
Q2 25
2.1%
11.9%
Q1 25
1.6%
30.7%
Q4 24
4.3%
11.6%
Q3 24
6.2%
28.1%
Q2 24
6.7%
36.7%
Q1 24
10.7%
40.8%
EPS (diluted)
ULH
ULH
WPC
WPC
Q4 25
$0.14
Q3 25
$-4.48
Q2 25
$0.32
Q1 25
$0.23
Q4 24
$0.76
Q3 24
$1.01
Q2 24
$1.17
Q1 24
$1.99

Balance Sheet & Financial Strength

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

Metric
ULH
ULH
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$26.8M
$155.3M
Total DebtLower is stronger
$797.6M
$8.7B
Stockholders' EquityBook value
$540.4M
$8.1B
Total Assets
$1.8B
$18.0B
Debt / EquityLower = less leverage
1.48×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ULH
ULH
WPC
WPC
Q4 25
$26.8M
$155.3M
Q3 25
$27.4M
$249.0M
Q2 25
$24.3M
$244.8M
Q1 25
$20.6M
$187.8M
Q4 24
$19.4M
$640.4M
Q3 24
$11.8M
$818.2M
Q2 24
$7.5M
$1.1B
Q1 24
$11.1M
$777.0M
Total Debt
ULH
ULH
WPC
WPC
Q4 25
$797.6M
$8.7B
Q3 25
$824.2M
$8.7B
Q2 25
$795.5M
$8.6B
Q1 25
$736.7M
$7.9B
Q4 24
$759.1M
$8.0B
Q3 24
$557.4M
$8.0B
Q2 24
$483.8M
$8.1B
Q1 24
$414.1M
$7.9B
Stockholders' Equity
ULH
ULH
WPC
WPC
Q4 25
$540.4M
$8.1B
Q3 25
$534.9M
$8.2B
Q2 25
$653.7M
$8.2B
Q1 25
$646.4M
$8.4B
Q4 24
$647.0M
$8.4B
Q3 24
$631.0M
$8.6B
Q2 24
$608.9M
$8.6B
Q1 24
$583.9M
$8.7B
Total Assets
ULH
ULH
WPC
WPC
Q4 25
$1.8B
$18.0B
Q3 25
$1.8B
$18.0B
Q2 25
$1.9B
$18.0B
Q1 25
$1.8B
$17.3B
Q4 24
$1.8B
$17.5B
Q3 24
$1.6B
$17.6B
Q2 24
$1.5B
$17.8B
Q1 24
$1.4B
$17.6B
Debt / Equity
ULH
ULH
WPC
WPC
Q4 25
1.48×
1.07×
Q3 25
1.54×
1.06×
Q2 25
1.22×
1.05×
Q1 25
1.14×
0.94×
Q4 24
1.17×
0.95×
Q3 24
0.88×
0.93×
Q2 24
0.79×
0.94×
Q1 24
0.71×
0.91×

Cash Flow & Capital Efficiency

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

Metric
ULH
ULH
WPC
WPC
Operating Cash FlowLast quarter
$47.1M
$304.6M
Free Cash FlowOCF − Capex
$14.3M
FCF MarginFCF / Revenue
3.7%
Capex IntensityCapex / Revenue
8.5%
Cash ConversionOCF / Net Profit
12.62×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$-41.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ULH
ULH
WPC
WPC
Q4 25
$47.1M
$304.6M
Q3 25
$25.9M
$300.5M
Q2 25
$25.7M
$404.0M
Q1 25
$84.3M
$273.2M
Q4 24
$59.7M
$296.3M
Q3 24
$6.2M
$280.2M
Q2 24
$9.6M
$221.0M
Q1 24
$36.9M
$1.0B
Free Cash Flow
ULH
ULH
WPC
WPC
Q4 25
$14.3M
Q3 25
$-28.6M
Q2 25
$-58.5M
Q1 25
$31.7M
Q4 24
$18.9M
Q3 24
$-58.9M
Q2 24
$-67.6M
Q1 24
$-31.7M
FCF Margin
ULH
ULH
WPC
WPC
Q4 25
3.7%
Q3 25
-7.2%
Q2 25
-14.9%
Q1 25
8.3%
Q4 24
4.1%
Q3 24
-13.8%
Q2 24
-14.6%
Q1 24
-6.4%
Capex Intensity
ULH
ULH
WPC
WPC
Q4 25
8.5%
Q3 25
13.7%
Q2 25
21.4%
Q1 25
13.7%
Q4 24
8.8%
Q3 24
15.3%
Q2 24
16.7%
Q1 24
13.9%
Cash Conversion
ULH
ULH
WPC
WPC
Q4 25
12.62×
2.05×
Q3 25
2.13×
Q2 25
3.09×
7.89×
Q1 25
14.02×
2.17×
Q4 24
2.96×
6.30×
Q3 24
0.23×
2.51×
Q2 24
0.31×
1.55×
Q1 24
0.70×
6.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ULH
ULH

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

WPC
WPC

Segment breakdown not available.

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