J.B. Hunt Transport Services, Inc. (JBHT) 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 %
Q1 27	$1.74	$1.91	+9.8%	—	—	—
Q4 26	$1.45	$1.49	+2.8%	—	—	—
Q3 26	$1.81	$1.9	+5.0%	—	—	—
Q2 26	$1.46	$1.76	+20.5%	—	—	—
Q1 26	$1.3	$1.31	+0.8%	—	—	—
Q4 25	$1.14	$1.17	+2.6%	—	—	—
Q3 25	$1.62	$1.53	-5.6%	—	—	—
Q2 25	$1.39	$1.49	+7.2%	—	—	—
Q1 25	$1.48	$1.32	-10.8%	—	—	—
Q4 24	$1.51	$1.22	-19.2%	—	—	—
Q3 24	$1.74	$1.47	-15.5%	—	—	—
Q2 24	$1.83	$1.8	-1.6%	—	—	—
Q1 24	$1.92	$1.81	-5.7%	—	—	—
Q4 23	$2	$1.89	-5.5%	—	—	—
Q3 23	$2.44	$1.92	-21.3%	—	—	—
Q2 23	$2.45	$2.57	+4.9%	—	—	—

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 %
FY25	—	$6.32	—	—	$12B	—
FY24	—	$5.68	—	—	$12.1B	—
FY23	—	$7.06	—	—	$12.8B	—
FY22	—	$9.34	—	—	$14.8B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.6B	$7.2B	$8.6B	$9.2B	$9.6B	$12.2B	$14.8B	$12.8B	$12.1B	$12B
YoY change	+5.94%	+9.67%	+19.8%	+6.39%	+5.14%	+26.3%	+21.7%	-13.4%	-5.79%	-0.73%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.6B	7.2B	8.6B	9.2B	9.6B	12.2B	14.8B	12.8B	12.1B	12B
Cost of revenue	5.4B	6B	7.3B	7.7B	8.2B	10.3B	12.3B	10.6B	10B	10.4B
Gross profit	1.2B	1.2B	1.4B	1.5B	1.4B	1.9B	2.5B	2.2B	2.1B	1.6B
Gross margin	18.1%	16.7%	15.8%	16.4%	15%	15.4%	16.7%	17.2%	17.1%	13.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	185.4M	273.4M	323.6M	384M	348.1M	395.5M	570.2M	632.6M	664M	660M
Operating expenses	418.7M	530.7M	627.1M	717.1M	682.4M	764.8M	1.1B	1.1B	1.2B	660M
Operating income	721M	623.8M	681M	733.8M	713.1M	1B	1.3B	993.2M	831.2M	865.1M
Operating margin	11%	8.68%	7.91%	8.01%	7.4%	8.59%	8.99%	7.74%	6.88%	7.21%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	695.8M	595.2M	640.8M	680.9M	666M	999.8M	1.3B	934.9M	759.5M	794.1M
Income tax	263.7M	-91M	151.2M	164.6M	160M	239M	312M	206.6M	188.6M	195.8M
Net income	432.1M	686.3M	489.6M	516.3M	506M	760.8M	969.4M	728.3M	570.9M	598.3M
Net margin	6.59%	9.55%	5.68%	5.63%	5.25%	6.25%	6.54%	5.68%	4.72%	4.99%
EBITDA	1.1B	1B	1.1B	1.2B	1.2B	1.6B	2B	1.7B	1.6B	1.6B
EPS	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32
Diluted EPS	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.2B	3.3B	2.9B	2.9B	3.1B	3.1B	2.9B	2.9B	3.1B	3.1B	3.1B	3.5B
Cost of revenue	2.6B	2.7B	2.4B	2.4B	2.5B	2.6B	2.6B	2.5B	2.6B	2.7B	2.7B	3.1B
Gross profit	533.7M	557M	498.6M	502.7M	531.5M	530.4M	365.6M	385.4M	422.5M	423.2M	386.3M	443M
Gross margin	16.9%	16.9%	16.9%	17.2%	17.3%	16.9%	12.5%	13.2%	13.8%	13.7%	12.6%	12.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	142.3M	213.3M	163.7M	159M	161.8M	179.5M	169.4M	170.4M	161.8M	158.4M	160.7M	164.6M
Operating expenses	273.2M	334.5M	286.7M	279.4M	289.7M	303.6M	292.8M	298.6M	294.5M	158.4M	160.7M	164.6M
Operating income	241.7M	203.3M	194.4M	205.7M	224.1M	207M	178.7M	197.3M	242.7M	246.5M	207M	259.5M
Operating margin	7.64%	6.15%	6.6%	7.02%	7.3%	6.58%	6.12%	6.74%	7.95%	7.96%	6.77%	7.42%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	229.1M	186.9M	178.7M	185.5M	203.4M	191.9M	160.1M	176M	224.8M	233.3M	189.1M	242.7M
Income tax	41.7M	33.4M	51.2M	49.6M	51.3M	36.5M	42.3M	47.4M	53.9M	52.2M	47.6M	61.6M
Net income	187.4M	153.5M	127.5M	135.9M	152.1M	155.5M	117.7M	128.6M	170.8M	181.1M	141.6M	181M
Net margin	5.92%	4.65%	4.33%	4.64%	4.96%	4.94%	4.03%	4.39%	5.6%	5.85%	4.63%	5.18%
EBITDA	429.4M	405.4M	377.4M	390.4M	412.1M	419.9M	358.2M	374.3M	421.8M	429.9M	386.5M	440.1M
EPS	1.82	1.49	1.23	1.33	1.51	1.55	1.19	1.33	1.79	1.91	1.5	1.92
Diluted EPS	1.8	1.47	1.22	1.32	1.49	1.53	1.17	1.31	1.76	1.9	1.49	1.91

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	10.8B	12.6B	10.1B	12.4B	14.4B	21.5B	18.1B	20.6B	17.2B	18.4B	21.2B
Enterprise value	11.8B	13.7B	11.3B	13.7B	15.4B	22.4B	19.3B	22.1B	18.6B	19.8B	22.6B
Shares outstanding	111.3M	109.8M	108.7M	106.2M	105.7M	105.1M	103.7M	103.2M	100.6M	94.6M	94.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25	18.4	20.7	24	28.5	28.2	18.7	28.3	30.1	30.7	32.1
P/S	1.65	1.76	1.17	1.35	1.5	1.77	1.22	1.61	1.42	1.53	1.67
P/B	7.64	6.86	4.81	5.47	5.55	6.89	4.93	5.02	4.27	5.16	5.79
EV/EBITDA	10.9	13.6	10.1	11.1	12.4	14	9.76	12.7	11.6	12.5	13.5
EV/Sales	1.8	1.9	1.31	1.49	1.6	1.84	1.3	1.73	1.54	1.65	1.78
Earnings yield	4%	5.44%	4.84%	4.16%	3.5%	3.54%	5.36%	3.53%	3.33%	3.25%	3.12%
FCF yield	2%	2.6%	0.91%	1.97%	2.66%	1.29%	1.31%	-0.57%	3.6%	5.15%	4.25%
PEG	—	—	—	—	—	—	—	—	—	—	0.72

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	18.1%	16.7%	15.8%	16.4%	15%	15.4%	16.7%	17.2%	17.1%	13.3%	12.7%
Operating margin	11%	8.68%	7.91%	8.01%	7.4%	8.59%	8.99%	7.74%	6.88%	7.21%	7.42%
Net margin	6.59%	9.55%	5.68%	5.63%	5.25%	6.25%	6.54%	5.68%	4.72%	4.99%	5.31%
ROE	30.6%	37.3%	23.3%	22.8%	19.5%	24.4%	26.4%	17.7%	14.2%	16.8%	18.4%
ROA	10.9%	15.4%	9.62%	9.44%	8.54%	11.2%	12.4%	8.53%	6.87%	7.55%	7.38%
ROIC	18.7%	21.4%	16%	15.8%	15.1%	19.6%	20.7%	13.8%	11.5%	13%	15.1%
Return on tangible assets	11%	16.2%	10%	10.2%	9.19%	11.9%	13.3%	9.1%	7.27%	7.97%	8.71%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.54	1.45	1.11	1.43	1.7	1.34	1.41	1.17	1.06	0.83	1.25
Quick ratio	1.51	1.43	1.1	1.41	1.68	1.32	1.38	1.15	1.03	0.81	1.26
Debt / equity	0.7	0.59	0.55	0.57	0.5	0.42	0.34	0.38	0.37	0.41	0.38
Debt / assets	0.25	0.24	0.23	0.24	0.22	0.19	0.16	0.18	0.18	0.19	0.14
Net debt / EBITDA	0.91	1.06	1.02	1.02	0.8	0.59	0.61	0.88	0.89	0.92	0.68
Interest coverage	28.5	21.7	16.9	13.5	15	22.6	26	15.2	10.6	11.6	13.7
Effective tax rate	37.9%	0%	23.6%	24.2%	24%	23.9%	24.4%	22.1%	24.8%	24.7%	24.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	58.9	65.5	79.2	86.3	91.2	115.8	142.8	124.3	120.2	126.8	133.8
EPS (basic)	3.88	6.25	4.5	4.86	4.79	7.24	9.34	7.06	5.68	6.32	6.32
EPS (diluted)	3.81	6.18	4.43	4.75	4.74	7.14	9.21	6.97	5.56	6.12	7.03
Book value per share	12.7	16.8	19.3	21.3	24.6	29.7	35.3	39.8	39.9	37.7	38.9
FCF per share	1.94	2.99	0.85	2.3	3.64	2.63	2.28	-1.14	6.14	10	11.6
Cash per share	0.06	0.13	0.07	0.33	2.97	3.38	0.5	0.52	0.47	0.18	0.04
Capex per share	4.36	4.65	8.15	6.48	5.69	8.35	13.8	15.5	6.71	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	7.4%	7.1%	10.3%	7.51%	6.23%	7.21%	9.67%	12.5%	5.58%	—	—
Capex / operating cash flow	57.2%	63.6%	89.1%	59.1%	56.8%	73.1%	81.4%	84.6%	45.6%	—	—
Payout ratio	22.9%	14.8%	21.4%	21.7%	22.6%	16.4%	17.2%	23.9%	30.7%	28.6%	25.3%
Dividend yield	0.92%	0.8%	1.04%	0.9%	0.79%	0.58%	0.92%	0.84%	1.02%	0.93%	0.8%

Yield

0.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.45

ex-dividend Aug 7, 2026

Payout ratio

25%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 7, 2026	$0.45
May 8, 2026	$0.45
Feb 6, 2026	$0.45

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.2B	$3.3B	$2.9B	$2.9B	$3.1B	$3.1B	$2.9B	$2.9B	$3.1B	$3.1B	$3.1B	$3.5B
YoY change	-17.6%	-9.48%	-8.84%	-6.51%	-3.02%	-4.76%	-0.77%	-0.02%	-0.5%	-1.58%	+4.62%	+19.4%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	6.4M	14.6M	7.6M	35M	313.3M	355.5M	51.9M	53.3M	47M	17.3M
Receivables	745.3M	920.8M	1.1B	1B	1.1B	1.5B	1.5B	1.3B	1.2B	1.2B
Inventory	18.6M	20.7M	22M	21.1M	23.8M	25M	40.6M	42.2M	41.7M	42.2M
Total current assets	1.1B	1.3B	1.5B	1.5B	1.8B	2.3B	2.2B	2.1B	1.8B	1.6B
Property, plant & equipment	2.8B	3B	3.4B	3.6B	3.7B	4.1B	5B	5.8B	5.7B	5.5B
Goodwill & intangibles	4.8M	226.9M	210.4M	405.7M	424.3M	382.2M	472.7M	535.9M	462.1M	420.7M
Total assets	4B	4.5B	5.1B	5.5B	5.9B	6.8B	7.8B	8.5B	8.3B	7.9B
Accounts payable	384.3M	598.6M	709.7M	602.6M	587.5M	772.7M	798.8M	737.4M	645.9M	655.6M
Short-term debt	—	—	250.7M	—	—	356M	—	250M	500M	699.9M
Total current liabilities	694.9M	921.8M	1.4B	1B	1.1B	1.7B	1.6B	1.8B	1.7B	1.9B
Long-term debt	986.3M	1.1B	898.4M	1.3B	1.3B	945.3M	1.3B	1.3B	977.7M	766.9M
Total liabilities	2.5B	2.6B	3B	3.2B	3.3B	3.7B	4.1B	4.4B	4.3B	4.4B
Shareholders' equity	1.4B	1.8B	2.1B	2.3B	2.6B	3.1B	3.7B	4.1B	4B	3.6B
Total debt	986.3M	1.1B	1.1B	1.3B	1.3B	1.3B	1.3B	1.6B	1.5B	1.5B
Net debt	979.9M	1.1B	1.1B	1.3B	992.1M	945.7M	1.2B	1.5B	1.4B	1.4B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	75.2M	—	64.2M	53.5M	120M	—	43.4M	50.9M	52.3M	17.3M	4.6M	4.2M
Receivables	1.4B	—	1.3B	1.3B	1.3B	—	1.2B	1.2B	1.2B	1.2B	1.3B	1.5B
Inventory	—	—	—	—	—	—	—	—	—	42.2M	—	—
Total current assets	2B	—	1.9B	1.9B	1.9B	—	1.7B	1.7B	1.7B	1.6B	1.7B	1.8B
Property, plant & equipment	-2.9B	754.1M	-3.1B	-3.2B	-3.3B	805M	-3.5B	-3.6B	-3.7B	5.5B	-3.9B	-4B
Goodwill & intangibles	552.1M	—	262.2M	256.6M	251M	—	225.8M	220.7M	215.5M	420.7M	205.3M	200.4M
Total assets	8.4B	—	8.4B	8.4B	8.3B	—	8.3B	8.2B	8.1B	7.9B	7.9B	7.9B
Accounts payable	808.8M	—	731.7M	724.9M	673.5M	—	640.7M	655.2M	664.5M	655.6M	751.9M	792.3M
Short-term debt	249.9M	—	—	—	500M	—	699.2M	699.4M	699.6M	699.9M	—	—
Total current liabilities	1.8B	—	1.5B	1.6B	2B	—	1.9B	1.9B	1.9B	1.9B	1.4B	1.4B
Long-term debt	1.2B	—	1.4B	1.5B	1B	—	880.2M	1B	902.2M	766.9M	1.3B	1.1B
Total liabilities	4.4B	—	4.3B	4.3B	4.3B	—	4.4B	4.6B	4.5B	4.4B	4.3B	4.3B
Shareholders' equity	4B	—	4.2B	4.1B	4B	—	3.9B	3.7B	3.6B	3.6B	3.6B	3.7B
Total debt	1.4B	—	1.4B	1.5B	1.5B	—	1.6B	1.7B	1.6B	1.5B	1.3B	1.1B
Net debt	1.4B	—	1.3B	1.4B	1.4B	—	1.5B	1.7B	1.5B	1.4B	1.3B	1.1B

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	432.1M	686.3M	489.6M	516.3M	506M	760.8M	969.4M	728.3M	570.9M	598.3M
Depreciation & amortization	361.5M	383.5M	435.9M	499.1M	527.4M	557.1M	644.5M	738M	761.1M	714.8M
Stock-based compensation	40.6M	38.3M	47.4M	53.3M	60.7M	61.5M	77.5M	79.2M	65.7M	71.8M
Change in working capital	-36.3M	-57M	-80.1M	1.5M	-75.4M	-287.8M	-190.7M	233.8M	69.4M	222.8M
Operating cash flow	848.3M	802.4M	994.3M	1.2B	1.1B	1.2B	1.8B	1.9B	1.5B	1.7B
Capital expenditure	-485.3M	-510.5M	-885.5M	-688.2M	-600.8M	-877M	-1.4B	-1.6B	-674.4M	—
Investing cash flow	-485.4M	-651.3M	-886.8M	-804M	-613M	-877M	-1.6B	-1.7B	-663.7M	0
Dividends paid	-99M	-101.4M	-105M	-111.8M	-114.2M	-124.4M	-166.7M	-173.9M	-175.5M	-171M
Share repurchases	-268.4M	-197.9M	-169.9M	-292.2M	-119.4M	-180.2M	-331.2M	-196.6M	-550.3M	-948.4M
Financing cash flow	-2.1B	-2.8B	-3.3B	-2.2B	-451.7M	-304.6M	-212.9M	-58M	-825.8M	-1.1B
Net change in cash	-1.7B	-2.7B	-3.2B	-1.8B	-7M	18.5M	-3.4M	149.4M	-12.1M	545.1M
Free cash flow	215.7M	328.2M	92.2M	244.2M	384.3M	276.3M	236.1M	-117.8M	617.8M	947.6M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	170.8M	181.1M	141.6M	181M
Depreciation & amortization	—	—	—	—	—	—	—	—	179.1M	179.2M	179.4M	180.6M
Stock-based compensation	—	—	—	—	—	—	—	—	20.6M	13.1M	18M	20M
Change in working capital	46.9M	-40.8M	-65.4M	5.6M	-47.8M	-2.2M	-3.4M	44.8M	37.1M	41.9M	22M	-92.9M
Operating cash flow	46.9M	-40.8M	-65.4M	5.6M	-47.8M	-2.2M	-3.4M	44.8M	486.4M	385.6M	353M	370.2M
Capital expenditure	-466.1M	-280.3M	-166.2M	-242.7M	-79.2M	-186.3M	-225.1M	—	—	—	—	—
Investing cash flow	-551.1M	-280.3M	-162.4M	-242.7M	-79.2M	-186.3M	-225.1M	0	0	0	—	—
Dividends paid	—	—	—	—	—	—	—	—	-42.5M	-41.9M	-42.6M	-42.4M
Share repurchases	—	—	—	—	—	—	—	—	-232.4M	-159M	-87.7M	-95.9M
Financing cash flow	—	—	—	—	—	—	—	—	-393.2M	-336.7M	-295M	-296.4M
Net change in cash	-504.2M	-321.1M	-227.8M	-237M	-127.1M	-188.5M	-228.5M	44.8M	93.2M	48.8M	58M	73.8M
Free cash flow	—	—	—	—	—	—	—	—	352.4M	251.3M	242.8M	253.3M

Date	Ratio
May 24, 2005	2:1
Sep 2, 2003	2:1
Mar 16, 1992	3:2
Jul 8, 1986	2:1

J.B. Hunt Transport Services, 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

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

Split history