Hub Group Inc. (HUBG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 25	$0.54	$0.54	0.0%	—	$934.5M	—
Q2 25	$0.44	$0.45	+2.3%	—	$905.6M	—
Q1 25	$0.43	$0.44	+2.3%	—	$915.2M	—
Q4 24	$0.48	$0.48	0.0%	—	$973.5M	—
Q3 24	$0.48	$0.52	+8.3%	—	$986.9M	—
Q2 24	$0.47	$0.47	0.0%	—	$986.5M	—
Q1 24	$0.4	$0.44	+10.0%	—	$999.5M	—
Q4 23	$0.52	$0.54	+3.8%	—	$985M	—
Q3 23	$1.17	$0.97	-17.1%	—	$1B	—
Q2 23	$1.38	$1.44	+4.3%	—	$1B	—
Q1 23	$1.84	$1.88	+2.2%	—	$1.2B	—
Q4 22	$2.34	$2.42	+3.4%	—	$1.3B	—
Q3 22	$2.45	$2.61	+6.5%	—	$1.4B	—
Q2 22	$2.54	$3.03	+19.3%	—	$1.4B	—
Q1 22	$1.48	$2.58	+74.3%	—	$1.3B	—
Q4 21	$1.43	$2.48	+73.4%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY24	—	$1.72	—	—	$3.9B	—
FY23	—	$2.65	—	—	$4.2B	—
FY22	—	$5.38	—	—	$5.3B	—
FY21	—	$2.56	—	—	$4.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	$3.5B	$2.8B	$3.1B	$3.7B	$3.7B	$3.5B	$4.2B	$5.3B	$4.2B	$3.9B
YoY change	-1.27%	-22%	+13.5%	+17.9%	-0.42%	-4.7%	+21.1%	+26.2%	-21.3%	-6.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	3.5B	2.8B	3.1B	3.7B	3.7B	3.5B	4.2B	5.3B	4.2B	3.9B
Cost of revenue	3.1B	2.4B	2.8B	3.2B	3.1B	3.1B	3.8B	4.6B	3.7B	3.5B
Gross profit	412.7M	331.3M	337.6M	445.6M	521.1M	425.4M	470.3M	761M	503.7M	438.4M
Gross margin	11.7%	12%	10.8%	12.1%	14.2%	12.2%	11.1%	14.2%	12%	11.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	219M	227.1M	252.8M	304.1M	340.2M	288.4M	134.5M	178.6M	154.7M	157.9M
Operating expenses	287.7M	299.9M	326.9M	304.1M	340.2M	288.4M	134.5M	178.6M	154.7M	157.9M
Operating income	117M	96.6M	72.7M	124.9M	152.4M	105.8M	219.3M	450.5M	205.4M	139M
Operating margin	3.32%	3.51%	2.33%	3.39%	4.16%	3.03%	5.18%	8.44%	4.89%	3.52%
Non-operating income, net	-2.6M	749K	667K	58K	341K	-383K	18.9M	24M	7.2M	1.1M
Pretax income	111.6M	94M	66.9M	116.7M	143.9M	96.1M	230.9M	468M	209.2M	132.5M
Income tax	40.6M	36.4M	-53.1M	29.1M	36.7M	22.5M	59.4M	111M	41.7M	28.5M
Net income	70.9M	74.8M	135.2M	201.7M	107.2M	73.6M	171.5M	356.9M	167.5M	104M
Net margin	2.01%	2.72%	4.33%	5.48%	2.92%	2.1%	4.05%	6.68%	3.99%	2.64%
EBITDA	151.6M	142.4M	135.9M	210.2M	271.8M	229.1M	349.7M	605M	400.3M	338.3M
EPS	0.99	1.1	2.04	3.02	1.61	1.11	2.56	5.38	2.65	1.72
Diluted EPS	0.98	1.1	2.02	3	1.6	1.1	2.53	5.32	2.62	1.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	1.3B	1.2B	1B	1B	985M	999.5M	986.5M	986.9M	973.5M	915.2M	905.6M	934.5M
Cost of revenue	1.1B	1B	940.8M	947.2M	771.1M	923M	906.9M	915.3M	762.8M	839.9M	831.6M	858.1M
Gross profit	204.4M	112.5M	99.6M	77.6M	213.9M	76.5M	79.6M	71.6M	210.7M	75.3M	74M	76.4M
Gross margin	15.9%	9.76%	9.58%	7.57%	21.7%	7.65%	8.07%	7.25%	21.6%	8.23%	8.18%	8.17%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	88.1M	38.2M	38.4M	35.8M	42.3M	39.9M	40.5M	39.9M	37.6M	38M	39.6M	37.5M
Operating expenses	88.1M	38.2M	38.4M	35.8M	42.3M	39.9M	40.5M	39.9M	37.6M	38M	39.6M	37.5M
Operating income	104.3M	74.2M	61.2M	41.8M	28.2M	36.6M	39.1M	31.7M	31.6M	37.3M	34.5M	38.9M
Operating margin	8.11%	6.44%	5.88%	4.08%	2.86%	3.67%	3.97%	3.21%	3.24%	4.07%	3.81%	4.16%
Non-operating income, net	315K	4M	928K	577K	1.7M	328K	347K	404K	29K	360K	598K	1.3M
Pretax income	103.2M	76.7M	61.1M	41.7M	29.8M	34.5M	37.6M	30.7M	29.8M	35.6M	32.9M	38.5M
Income tax	23.9M	14.9M	14.6M	11.2M	992K	7.4M	8.6M	7.1M	5.4M	8.4M	7.9M	9.6M
Net income	79.3M	61.8M	46.5M	30.5M	28.8M	27.1M	29M	23.6M	24.4M	27.2M	25M	28.9M
Net margin	6.17%	5.36%	4.47%	2.97%	2.92%	2.71%	2.94%	2.39%	2.5%	2.97%	2.76%	3.1%
EBITDA	146.9M	121.5M	109M	89.7M	80M	87.5M	90.4M	80.3M	80.2M	85.9M	83.6M	87.4M
EPS	1.23	0.95	0.72	0.49	0.47	0.44	0.48	0.39	0.4	0.45	0.42	0.48
Diluted EPS	1.21	0.94	0.72	0.48	0.46	0.44	0.47	0.39	0.4	0.44	0.42	0.47

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Market cap	1.2B	1.5B	1.6B	1.2B	1.7B	1.9B	2.8B	2.6B	2.9B	2.7B	1.8B
Enterprise value	1.1B	1.5B	1.9B	1.5B	1.9B	2.1B	3B	2.8B	3.3B	3.1B	2.3B
Shares outstanding	71.8M	67.7M	66.4M	66.8M	66.6M	66.4M	66.9M	66.4M	63.3M	60.6M	60.6M

Valuation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
P/E	16.7	19.8	11.8	6.14	15.9	25.7	16.4	7.4	17.4	26	17.4
P/S	0.34	0.54	0.51	0.34	0.47	0.54	0.67	0.49	0.69	0.68	0.5
P/B	1.82	2.36	2.07	1.26	1.59	1.63	2.1	1.65	1.78	1.6	1.09
EV/EBITDA	7.41	10.7	13.7	7.2	6.85	9.1	8.52	4.64	8.24	9.2	6.87
EV/Sales	0.32	0.56	0.6	0.41	0.51	0.6	0.7	0.53	0.79	0.79	0.61
Earnings yield	6%	5.05%	8.49%	16.3%	6.28%	3.89%	6.09%	13.5%	5.75%	3.85%	5.74%
FCF yield	7.5%	-0.33%	3.18%	0.89%	9.35%	3.15%	4.26%	9.05%	9.69%	5.31%	3.2%
PEG	—	—	—	—	—	—	—	—	—	—	0.76

Profitability

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Gross margin	11.7%	12%	10.8%	12.1%	14.2%	12.2%	11.1%	14.2%	12%	11.1%	8.17%
Operating margin	3.32%	3.51%	2.33%	3.39%	4.16%	3.03%	5.18%	8.44%	4.89%	3.52%	4.16%
Net margin	2.01%	2.72%	4.33%	5.48%	2.92%	2.1%	4.05%	6.68%	3.99%	2.64%	2.81%
ROE	11%	11.9%	17.6%	20.6%	9.97%	6.35%	12.8%	22.3%	10.2%	6.15%	6.24%
ROA	5.45%	5.5%	8.09%	10.5%	5.38%	3.49%	7.04%	12.7%	5.71%	3.63%	3.16%
ROIC	12.6%	8.77%	6.96%	7.46%	9.23%	5.99%	10.8%	19.5%	8.13%	5.19%	5.14%
Return on tangible assets	9.46%	9.21%	15%	29.3%	13.7%	9.67%	19.3%	30.9%	19.5%	14.8%	13.9%

Financial health

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Current ratio	1.74	1.49	1.26	1.12	1.26	1.27	1.3	1.53	1.29	1.33	1.47
Quick ratio	1.74	1.49	1.26	1.12	1.26	1.27	1.3	1.53	1.29	1.33	1.47
Debt / equity	0.23	0.28	0.39	0.34	0.3	0.28	0.24	0.28	0.35	0.3	0.28
Debt / assets	0.11	0.13	0.18	0.18	0.16	0.15	0.13	0.16	0.2	0.18	0.17
Net debt / EBITDA	-0.39	0.33	2.02	1.32	0.57	0.85	0.46	0.27	0.97	1.21	1.12
Interest coverage	38.6	26.9	10.9	13.1	14.1	11.3	32.6	63.3	16.6	10.2	11.8
Effective tax rate	36.4%	38.7%	0%	24.9%	25.5%	23.5%	25.7%	23.7%	19.9%	21.5%	22.9%

Per share

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Revenue per share	49.1	40.6	47	55.2	55.1	52.7	63.3	80.4	66.4	65.1	62.1
EPS (basic)	0.99	1.1	2.04	3.02	1.61	1.11	2.56	5.38	2.65	1.72	1.72
EPS (diluted)	0.98	1.1	2.02	3	1.6	1.1	2.53	5.32	2.62	1.7	1.74
Book value per share	9.03	9.28	11.6	14.7	16.2	17.4	20	24.1	25.8	27.9	27.8
FCF per share	1.24	-0.07	0.76	0.17	2.4	0.9	1.79	3.6	4.45	2.37	1.88
Cash per share	2.9	1.88	0.43	0.92	2.53	1.88	2.39	4.32	2.96	1.62	1.96
Capex per share	1.13	1.56	1.04	2.83	1.27	1.69	1.31	2.65	1.77	—	—

Capital allocation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Capex / revenue	2.29%	3.83%	2.22%	5.13%	2.31%	3.2%	2.07%	3.3%	2.67%	—	—
Capex / operating cash flow	57.6%	112.8%	47.1%	119%	33.7%	61.7%	33.3%	40.3%	22.6%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	29.1%	28.7%
Dividend yield	—	—	—	—	—	—	—	—	—	1.12%	1.66%

Yield

1.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.125

ex-dividend Sep 21, 2026

Payout ratio

29%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 21, 2026	$0.125
Jun 5, 2026	$0.125
Mar 13, 2026	$0.125
Dec 5, 2025	$0.125
Sep 12, 2025	$0.125
Jun 23, 2025	$0.125
Mar 18, 2025	$0.125
Dec 6, 2024	$0.125

Split history

Date	Ratio
Jan 29, 2024	2:1
Jun 7, 2006

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	$1.3B	$1.2B	$1B	$1B	$985M	$999.5M	$986.5M	$986.9M	$973.5M	$915.2M	$905.6M	$934.5M
YoY change	+2.32%	-11.2%	-25.8%	-24.4%	-23.4%	-13.3%	-5.19%	-3.7%	-1.17%	-8.43%	-8.2%	-5.31%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Cash & short-term investments	207.7M	127.4M	28.6M	61.4M	168.7M	124.5M	159.8M	286.6M	187.3M	98.2M
Receivables	380M	473.6M	424.7M	477.1M	443.5M	519M	701.5M	716.2M	600.2M	581.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	624.6M	622.3M	656.1M	588.7M	640.2M	672.8M	894.3M	1.1B	849.2M	768.3M
Property, plant & equipment	-65.7M	-70.3M	-96.2M	-142M	-132.3M	-180.7M	-173.8M	-177M	-99.5M	-118.1M
Goodwill & intangibles	551.5M	548.4M	768M	1.2B	1.2B	1.3B	1.5B	1.7B	2.1B	2.2B
Total assets	1.3B	1.4B	1.7B	1.9B	2B	2.1B	2.4B	2.8B	2.9B	2.9B
Accounts payable	230.4M	266.6M	238.2M	272.9M	257.2M	285.3M	424.9M	344.8M	349.4M	280M
Short-term debt	35M	47.9M	80M	104.6M	106.3M	105.4M	109.9M	132.5M	151.4M	146.2M
Total current liabilities	358.7M	417.7M	519.5M	526.8M	507.4M	529.1M	687.1M	691.8M	658.2M	579.5M
Long-term debt	114.2M	126.1M	222.5M	233.8M	217.3M	213.1M	212.4M	319.3M	424.1M	362.4M
Total liabilities	653.3M	732.1M	901.1M	944.1M	916.3M	947.5M	1.1B	1.2B	1.3B	1.2B
Shareholders' equity	647.8M	628.2M	769.9M	980.8M	1.1B	1.2B	1.3B	1.6B	1.6B	1.7B
Total debt	149.2M	174M	302.5M	338.4M	323.6M	318.6M	322.3M	451.7M	575.5M	508.5M
Net debt	-58.5M	46.6M	274M	276.9M	154.8M	194.1M	162.5M	165.1M	388.2M	410.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Cash & short-term investments	286.6M	342.6M	342.4M	400.7M	187.3M	195.4M	220.2M	186.1M	98.2M	112.7M	137M	119.7M
Receivables	716.2M	696.8M	612.2M	630.8M	600.2M	589M	583.8M	576.4M	581.5M	568.6M	541.6M	592.2M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.1B	1.1B	989.9M	1.1B	849.2M	828M	836.7M	805.4M	768.3M	752.8M	745.4M	788.3M
Property, plant & equipment	-177M	955.2M	954.6M	986.7M	-99.5M	988.5M	957.8M	971.1M	-118.1M	954.7M	945.9M	996.5M
Goodwill & intangibles	1.7B	1.6B	1.6B	1.6B	2.1B	2.1B	2B	2B	2.2B	2.1B	2.1B	2.1B
Total assets	2.8B	2.9B	2.8B	2.9B	2.9B	2.9B	2.9B	2.8B	2.9B	2.8B	2.8B	2.9B
Accounts payable	344.8M	330.3M	293M	345.5M	349.4M	320.9M	325.6M	305.8M	280M	263.3M	235.3M	243.4M
Short-term debt	132.5M	135.5M	136.4M	144.5M	151.4M	151.1M	144.1M	143.4M	146.2M	144.6M	142.2M	141.2M
Total current liabilities	691.8M	637.7M	593.7M	656.3M	658.2M	648.6M	635.2M	617.9M	579.5M	555.4M	525.9M	535M
Long-term debt	319.3M	383.7M	381M	410.1M	424.1M	407.1M	374.2M	381.6M	362.4M	340.8M	320.4M	357.6M
Total liabilities	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B
Shareholders' equity	1.6B	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.8B
Total debt	451.7M	519.2M	517.4M	554.6M	575.5M	558.1M	518.3M	524.9M	508.5M	485.5M	462.6M	498.8M
Net debt	165.1M	176.6M	174.9M	153.9M	388.2M	362.8M	298.1M	338.8M	410.3M	372.8M	325.6M	379.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Net income	70.9M	74.8M	135.2M	201.7M	107.2M	73.6M	171.5M	356.9M	167.5M	104M
Depreciation & amortization	37M	44.7M	62.2M	83.9M	116.9M	123.7M	130.6M	153.7M	184.4M	192.6M
Stock-based compensation	7.8M	8.5M	9.9M	13.5M	16.3M	17.1M	20.1M	20.4M	21.3M	19.2M
Change in working capital	8M	-48.4M	-18.8M	-37M	9.8M	-46.5M	-54.3M	-98.8M	114M	-88.3M
Operating cash flow	140.2M	93.4M	147M	158.6M	251.9M	181.7M	263.8M	436.8M	496.9M	194.4M
Capital expenditure	-80.7M	-105.3M	-69.2M	-188.8M	-84.8M	-112M	-87.8M	-176.2M	-112.4M	—
Investing cash flow	-80.7M	-105.3M	-235.1M	-437.5M	-85.6M	-196.9M	-210.1M	-278.9M	-373.2M	-14.6M
Dividends paid	—	—	—	—	—	—	—	—	—	-30.2M
Share repurchases	-31.7M	-102.5M	-3.4M	-4.3M	-29M	-8M	-9.1M	-118.1M	-153.9M	-79.1M
Financing cash flow	7.1M	-77.4M	11.1M	27.3M	-85.1M	-30.3M	-16.5M	-52.5M	-148.4M	-201.3M
Net change in cash	66.6M	-89.3M	-77M	-251.5M	81.3M	-45.5M	37.2M	105.4M	-24.6M	-21.5M
Free cash flow	88.7M	-4.9M	50.7M	11M	159.7M	59.6M	119.9M	239M	282.1M	143.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Net income	79.3M	61.8M	46.5M	30.5M	28.8M	27.1M	29M	23.6M	24.4M	27.2M	25M	28.9M
Depreciation & amortization	42.3M	45.8M	45.7M	45.3M	47.7M	49.6M	49.5M	46.4M	47.1M	47M	47.4M	46.4M
Stock-based compensation	5.5M	5.2M	5.4M	5.4M	5.3M	4M	5.4M	5.3M	4.5M	4.7M	4.7M	5M
Change in working capital	-15.8M	-5.5M	37M	26.6M	55.9M	-27.8M	6.2M	-18.8M	-47.8M	-12.5M	-15.4M	-58.2M
Operating cash flow	117.1M	112.2M	140.5M	115.7M	128.5M	49.8M	83.9M	54.1M	604K	70M	61.5M	28.1M
Capital expenditure	-52.5M	-16.7M	-33.8M	-35M	-26.9M	-14.1M	-11.4M	-7.9M	—	—	—	—
Investing cash flow	-52.5M	-16.6M	-33.8M	-35M	-287.8M	-14.1M	-7.7M	-7.9M	-18.3M	—	—	-1.3M
Dividends paid	—	0	0	—	—	-7.6M	-7.6M	-7.5M	-7.5M	-7.5M	-7.5M	-7.5M
Share repurchases	-2.5M	-7.6M	-92.4M	-17.3M	-36.6M	-34.2M	1.3M	-35.3M	-10.8M	-20.3M	6.5M	0
Financing cash flow	19.6M	-24.5M	-90.7M	-8.1M	-33.1M	-58.3M	-28.7M	-69.5M	-36.1M	-40.3M	-21.5M	15.3M
Net change in cash	84.1M	71.1M	15.9M	72.7M	-192.4M	-22.6M	47.5M	-23.4M	-53.9M	29.7M	40M	42.1M
Free cash flow	46.2M	62.5M	93.2M	61.3M	65.1M	63M	56.2M	31.4M	-7M	50.8M	50.2M	19.4M

Hub Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement