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J.B. Hunt

JBHT Nasdaq Cargo Ground Transportation Financials FY2016–FY2025

J.B. Hunt's revenue fell 0.7% to $12.0 billion in fiscal 2025. Its operating margin was 7.2%, up from 6.9% a year earlier. Free cash flow was $948 million, up 53.4%. It paid out $1.1 billion in dividends and buybacks, 115% of free cash flow. The diluted share count fell 4.9%.

Last close · Oct 23, 2026

$226.03

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$12.0B
0.7% vs prior year
Operating margin Operating income as a share of revenue.
7.2%
0.3 pts
Net income Profit after all expenses, interest and tax.
$598M
4.8%
Free cash flow Cash from operations minus capital spending.
$948M
53.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
13.1%
1.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$21.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
31.8x
On $7.10 EPS (TTM)

What J.B. Hunt does

No business description yet.

Legal name
J.B. HUNT TRANSPORT SERVICES, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001437749-26-005294
0000728535

Revenue and margins

J.B. Hunt had $12.0B of revenue in fiscal 2025, down 0.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 5.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $948M in fiscal 2025, 7.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

J.B. Hunt returned $1.1B to shareholders in fiscal 2025, 115% of free cash flow. The diluted share count fell 4.9%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value J.B. Hunt yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.4B and divides by 97.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 31.8x · peers 25.1x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably J.B. Hunt can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $356M$51.9M$53.3M$47.0M$17.3M
Debt incl. finance leases $945M$1.3B$1.3B$978M$1.5B
Net debt / EBITDA 0.4x0.6x0.7x0.6x0.9x
Debt / equity 0.3x0.3x0.3x0.2x0.4x
Interest coverage 22.6x26.0x15.1x10.5x11.5x
Current ratio 1.3x1.4x1.4x1.1x0.8x
Quick ratio 1.3x1.4x1.3x1.0x0.8x
Total assets $6.8B$7.8B$8.6B$8.3B$7.9B
Total liabilities $3.7B$4.1B$4.5B$4.3B$4.4B
Shareholders' equity $3.1B$3.7B$4.1B$4.0B$3.6B
Net debt (− = net cash) $590M$1.2B$1.3B$931M$1.4B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$7.1M

10 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jun 5, 2026 Brian WebbEVP- Final Mile Services Sold 1,500 $284.01 $0.4M Form 4
Jun 5, 2026 David KeefauverEVP of People Sold 703 $285.13 $0.2M Form 4
May 19, 2026 Spencer FrazierEVP of Sales and Marketing Sold 2,000 $258.20 $0.5M Form 4
May 15, 2026 Bradley W. HicksPresident of DCS Sold 7,644 $261.91 $2.0M Form 4
May 14, 2026 Darren P. FieldEVP and President Intermodal Sold 4,000 $254.49 $1.0M Form 4
Apr 22, 2026 Nicholas HobbsEVP and COO Sold 1,272 $250.75 $0.3M Form 4
Apr 21, 2026 James K ThompsonDirector Sold 1,000 $254.28 $0.3M Form 4
Feb 27, 2026 Jennifer BoattiniSR VP Legal/General Counsel Sold 2,238 $232.00 $0.5M Form 4
Feb 11, 2026 James K ThompsonDirector Sold 2,300 $230.75 $0.5M Form 4
Feb 6, 2026 Albert Brad DelcoEVP & CFO Sold 1,000 $227.25 $0.2M Form 4
Feb 4, 2026 Bradley W. HicksPresident of DCS Sold 4,028 $225.13 $0.9M Form 4
Feb 4, 2026 John KuhlowChief Accounting Officer Sold 1,000 $225.68 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✓
F-score 5 / 85 / 86 / 8
Accruals ratio −12.4%−10.8%−13.3%
Altman Z'' 4.784.624.53

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
J.B. Hunt JBHT $21.4B −0.7% 7.2% 7.9% 13.1% 31.8x 6
Ryder R $10.5B 0.2% — 3.6% 7.5% 20.7x 6 Compare →
FedEx Freight FDXF $16.5B −1.1% 6.1% −2.4% 13.0% — — Compare →
XPO XPO $21.6B 1.1% 8.0% 4.0% 9.5% 54.2x 5 Compare →
Knight-Swift KNX $10.0B 0.8% 2.9% 16.9% 1.6% — 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $6.6B $7.2B $8.6B $9.2B $9.6B $12.2B $14.8B $12.8B $12.1B $12.0B
Operating income $721M $624M $681M $734M $713M $1.0B $1.3B $993M $831M $865M
Interest expense $25.3M $28.8M $40.4M $54.7M $47.6M $46.3M $51.2M $65.9M $79.0M $75.2M
Pretax income $696M $595M $641M $681M $666M $1,000M $1.3B $935M $760M $794M
Income tax $264M −$91.0M $151M $165M $160M $239M $312M $207M $189M $196M
Net income $432M $686M $490M $516M $506M $761M $969M $728M $571M $598M
Diluted EPS $3.81 $6.18 $4.43 $4.77 $4.74 $7.14 $9.21 $6.97 $5.56 $6.12
Diluted shares 0.11B 0.11B 0.11B 0.11B 0.11B 0.11B 0.11B 0.10B 0.10B 0.10B
Cash flow
Cash from operations $854M $855M $1.1B $1.1B $1.1B $1.2B $1.8B $1.7B $1.5B $1.7B
Capital expenditure $638M $527M $996M $854M $739M $948M $1.5B $1.9B $865M $731M
Free cash flow $216M $328M $92.2M $244M $384M $276M $236M −$118M $618M $948M
Depreciation and amortization $362M $384M $436M $499M $527M $557M $645M $738M $761M $715M
Stock-based compensation $40.6M $38.3M $47.4M $53.3M $60.7M $61.5M $77.5M $79.2M $65.7M $71.8M
Acquisitions $0.0M $137M $0.0M $116M $12.1M $0.0M $118M $85.0M $3.8M $0.0M
Share buybacks $250M $180M $150M $276M $92.5M $152M $300M $160M $514M $923M
Dividends paid $99.0M $101M $105M $112M $114M $124M $167M $174M $176M $171M
Dividends and buybacks $349M $281M $255M $387M $207M $276M $467M $333M $689M $1.1B
Balance sheet
Cash and short-term investments $6.4M $14.6M $7.6M $35.0M $313M $356M $51.9M $53.3M $47.0M $17.3M
Total debt $986M $1.1B $1.1B $1.3B $1.3B $945M $1.3B $1.3B $978M $1.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.1B $1.3B $1.5B $1.5B $1.8B $2.3B $2.2B $2.0B $1.8B $1.6B
Current liabilities $695M $922M $1.4B $1.0B $1.1B $1.7B $1.6B $1.5B $1.7B $1.9B
Inventory $18.6M $20.7M $22.0M $21.1M $23.8M $25.0M $40.6M $42.2M $41.7M $42.2M
Property and equipment, net $2.8B $3.0B $3.4B $3.6B $3.7B $4.1B $5.0B $5.8B $5.7B $5.5B
Total assets $4.0B $4.5B $5.1B $5.5B $5.9B $6.8B $7.8B $8.6B $8.3B $7.9B
Total liabilities $2.5B $2.6B $3.0B $3.2B $3.3B $3.7B $4.1B $4.5B $4.3B $4.4B
Shareholders' equity $1.4B $1.8B $2.1B $2.3B $2.6B $3.1B $3.7B $4.1B $4.0B $3.6B
Margins
Operating margin 11.0% 8.7% 7.9% 8.0% 7.4% 8.6% 9.0% 7.7% 6.9% 7.2%
EBITDA margin 16.5% 14.0% 13.0% 13.5% 12.9% 13.2% 13.3% 13.5% 13.2% 13.2%
Net margin 6.6% 9.6% 5.7% 5.6% 5.3% 6.3% 6.5% 5.7% 4.7% 5.0%
FCF margin 3.3% 4.6% 1.1% 2.7% 4.0% 2.3% 1.6% −0.9% 5.1% 7.9%
Returns
Return on capital 21.9% 23.5% 16.9% 16.4% 15.2% 21.8% 23.5% 15.1% 12.1% 13.1%
Return on capital employed 22.7% 18.4% 18.7% 18.0% 15.4% 21.1% 23.6% 14.9% 12.1% 13.7%
Return on equity 31.8% 42.2% 24.9% 23.6% 20.8% 26.6% 28.6% 18.7% 14.1% 15.8%
Return on assets 11.4% 16.3% 10.3% 9.8% 8.9% 12.0% 13.3% 8.9% 6.8% 7.4%
Growth
Revenue growth 5.9% 9.7% 19.8% 6.4% 5.1% 26.3% 21.7% −13.4% −5.8% −0.7%
Net income growth 1.1% 58.8% −28.7% 5.5% −2.0% 50.4% 27.4% −24.9% −21.6% 4.8%
EPS growth 4.1% 62.2% −28.3% 7.7% −0.6% 50.6% 29.0% −24.3% −20.2% 10.1%
FCF growth 45.6% 52.2% −71.9% 164.9% 57.4% −28.1% −14.6% −149.9% — 53.4%
Share count change −2.9% −2.0% −0.6% −1.9% −1.4% −0.2% −1.2% −0.8% −1.6% −4.9%
Financial health
Net debt / EBITDA 0.9x 1.1x 1.0x 1.0x 0.8x 0.4x 0.6x 0.7x 0.6x 0.9x
Debt / equity 0.7x 0.6x 0.6x 0.6x 0.5x 0.3x 0.3x 0.3x 0.2x 0.4x
Interest coverage 28.5x 21.7x 16.9x 13.4x 15.0x 22.6x 26.0x 15.1x 10.5x 11.5x
Current ratio 1.5x 1.5x 1.1x 1.4x 1.7x 1.3x 1.4x 1.4x 1.1x 0.8x
Quick ratio 1.5x 1.4x 1.1x 1.4x 1.7x 1.3x 1.4x 1.3x 1.0x 0.8x
Capital allocation
Capex / revenue 9.7% 7.3% 11.6% 9.3% 7.7% 7.8% 10.4% 14.5% 7.2% 6.1%
Stock comp / revenue 0.6% 0.5% 0.6% 0.6% 0.6% 0.5% 0.5% 0.6% 0.5% 0.6%
Payouts / FCF 161.7% 85.7% 277.0% 158.7% 53.8% 99.9% 197.7% — 111.6% 115.5%
Quality scores
Piotroski F-score 4.0 7.0 6.0 5.0 6.0 7.0 7.0 5.0 5.0 6.0
Altman Z'' 5.1 5.1 4.5 4.9 5.2 5.2 5.3 4.8 4.6 4.5
Accruals ratio −11.1% −4.0% −12.5% −11.0% −10.8% −7.3% −11.1% −12.4% −10.8% −13.3%

Source: SEC EDGAR XBRL filings (CIK 0000728535). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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