J.B. Hunt vs XPO
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The short version
- J.B. Hunt is the larger business, with $12.0B of revenue in fiscal 2025 against $8.2B for XPO.
- XPO grew revenue faster (1.1%, against −0.7%).
- XPO kept more of each dollar of sales as operating profit (8.0% operating margin, against 7.2%).
- J.B. Hunt turned more of its sales into free cash flow (7.9% FCF margin, against 4.0%).
- J.B. Hunt earned a higher return on the capital invested in it (13.1%, against 9.5%).
- Investors pay more for each dollar of XPO’s earnings: a P/E of 54.2x against 31.8x for J.B. Hunt.
| Latest fiscal year | JBHT · FY25 | XPO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.4B | $21.6B |
| Revenue | $12.0B | $8.2B |
| Free cash flow | $948M | $329M |
| Net income | $598M | $316M |
| Growth | ||
| Revenue growth | −0.7% | 1.1% |
| 5-year growth | 4.5% | 5.8% |
| Share count change | −4.9% | −0.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 7.2% | 8.0% |
| Net margin | 5.0% | 3.9% |
| FCF margin | 7.9% | 4.0% |
| Return on capital | 13.1% | 9.5% |
| Return on equity | 15.8% | 18.3% |
| Balance sheet | ||
| Net debt | $1.4B | $3.2B |
| Net debt / EBITDA | 0.9x | 2.8x |
| Dividends and buybacks | $1.1B | $125M |
| Valuation & quality | ||
| P/E | 31.8x | 54.2x |
| Piotroski F-score | 6 | 5 |
Revenue
FY16
JBHT $6.6B
XPO $14.6B
FY17
JBHT $7.2B
XPO $15.4B
FY18
JBHT $8.6B
XPO $17.3B
FY19
JBHT $9.2B
XPO $10.7B
FY20
JBHT $9.6B
XPO $6.2B
FY21
JBHT $12.2B
XPO $7.2B
FY22
JBHT $14.8B
XPO $7.7B
FY23
JBHT $12.8B
XPO $7.7B
FY24
JBHT $12.1B
XPO $8.1B
FY25
JBHT $12.0B
XPO $8.2B
JBHT
XPO
Operating margin
FY16
JBHT 11.0%
XPO 3.2%
FY17
JBHT 8.7%
XPO 3.8%
FY18
JBHT 7.9%
XPO 4.1%
FY19
JBHT 8.0%
XPO 5.3%
FY20
JBHT 7.4%
XPO 1.6%
FY21
JBHT 8.6%
XPO 4.3%
FY22
JBHT 9.0%
XPO 4.9%
FY23
JBHT 7.7%
XPO 5.7%
FY24
JBHT 6.9%
XPO 8.2%
FY25
JBHT 7.2%
XPO 8.0%
JBHT
XPO
Free cash flow
FY16
JBHT $216M
XPO $139M
FY17
JBHT $328M
XPO $281M
FY18
JBHT $92.2M
XPO $551M
FY19
JBHT $244M
XPO $250M
FY20
JBHT $384M
XPO $139M
FY21
JBHT $276M
XPO $387M
FY22
JBHT $236M
XPO $303M
FY23
JBHT −$118M
XPO −$839M
FY24
JBHT $618M
XPO $19.0M
FY25
JBHT $948M
XPO $329M
JBHT
XPO
Return on capital
FY16
JBHT 21.9%
XPO 4.6%
FY17
JBHT 23.5%
XPO 7.3%
FY18
JBHT 16.9%
XPO 7.1%
FY19
JBHT 16.4%
XPO 5.8%
FY20
JBHT 15.2%
XPO 1.1%
FY21
JBHT 21.8%
XPO 5.0%
FY22
JBHT 23.5%
XPO 6.8%
FY23
JBHT 15.1%
XPO 8.4%
FY24
JBHT 12.1%
XPO 11.6%
FY25
JBHT 13.1%
XPO 9.5%
JBHT
XPO
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.