Which has grown faster, FWRD or ULH?

Over the past five years, FWRD grew revenue faster — FWRD at a 11.44% CAGR versus ULH at 2.30%.

Does FWRD or ULH pay a bigger dividend?

ULH pays a dividend (2.43% yield), while FWRD is a former payer with no current dividend run rate.

How have FWRD and ULH total returns compared?

Over the past 10 years, FWRD delivered -9.35% and ULH delivered 5.63% annualized total return. Past performance doesn't predict future results.

Forward Air Corporation (FWRD) vs Universal Logistics Holdings, Inc. (ULH)

A side-by-side comparison of Forward Air Corporation and Universal Logistics Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

FWRD

Forward Air Corporation

$478M

$15.13IndustrialsDelayed quote: Oct 6, 2026, 3:20 PM EDT

ULH

Universal Logistics Holdings, Inc.

$452M

$17.15IndustrialsDelayed quote: Oct 6, 2026, 3:15 PM EDT

Total return — FWRD vs ULH

growth of $100 · dividends reinvested · last 10y

FWRD -62.3% (-9.3%/yr)ULH +71.1% (+5.5%/yr)ULH compounded faster over this window

FWRD ULH

FWRD vs ULH: by the numbers

•FWRD is the larger company ($478M vs $452M market cap).
•Both run net losses; ULH's is the smaller (-5.99% vs -11.37% net margin).
•FWRD grew revenue faster over the past five years (11.44% vs 2.30% CAGR).
•ULH pays a dividend (2.43% yield), while FWRD is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	FWRD	ULH
Forward P/E	N/A	12.80
P/S ratio	0.19	0.30
P/B ratio	N/A	0.81
EV / EBITDA	N/A	9.30
FCF yield	10.08%	8.11%

Profitability

Metric	FWRD	ULH
Gross margin	20.48%	10.68%
Operating margin	1.46%	-0.45%
Net margin	-11.37%	-5.99%
ROE	N/A	-16.31%
ROIC	-8.57%	N/A

Dividends

Metric	FWRD	ULH
Dividend yield	N/A	2.43%

Growth (annualized)

Metric	FWRD	ULH
Revenue CAGR (5Y)	11.44%	2.30%
FCF CAGR (5Y)	-1.10%	N/A
Total return CAGR (5Y)	-28.94%	-1.13%

Frequently asked

Which has grown faster, FWRD or ULH?: Over the past five years, FWRD grew revenue faster — FWRD at a 11.44% CAGR versus ULH at 2.30%.
Does FWRD or ULH pay a bigger dividend?: ULH pays a dividend (2.43% yield), while FWRD is a former payer with no current dividend run rate.
How have FWRD and ULH total returns compared?: Over the past 10 years, FWRD delivered -9.35% and ULH delivered 5.63% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FWRD analysis Full ULH analysis Interactive comparison tool

Dig into the metrics

Universal Logistics dividend yield Forward Air ROE Universal Logistics ROE Forward Air operating margin Universal Logistics operating margin Forward Air revenue growth Universal Logistics revenue growth Forward Air free cash flow Universal Logistics free cash flow

Forward Air & Universal Logistics appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.