A Business at a Glance
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HUNT J B TRANSPORT SERVICES INC
JBHT
$28.2B
Mkt Cap
$288.30
-0.37%
HUNT J B TRANSPORT SERVICES INC (JBHT) has a current P/E ratio of 47.1, compared to its historical median P/E of 25.4. The stock is currently considered Expensive based on its historical valuation range.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a 5-year average return on invested capital (ROIC) of 15.1%. This indicates strong capital allocation and a potential competitive advantage.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a market capitalization of $27.2B. It is classified as a large-cap stock.
Yes, HUNT J B TRANSPORT SERVICES INC (JBHT) pays a dividend with a trailing twelve-month yield of 0.62%. The company also returns capital through share buybacks, with a buyback yield of 2.83%.
Based on historical P/E analysis, HUNT J B TRANSPORT SERVICES INC (JBHT) appears expensive. The current P/E of 47.1 is 85% above its historical median of 25.4. The estimated fair value CAGR (P/E method) is 5.4%.
HUNT J B TRANSPORT SERVICES INC (JBHT) operates in the Trucking (No Local) industry, within the Industrials sector.
J.B. Hunt Transport Services is one of North America's largest surface transportation, delivery, and logistics companies, operating through five reporting segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The company generates revenue through a diversified business model combining asset-heavy operations (company-owned tractors, trailers, and containers) with asset-light brokerage and logistics services, serving Fortune 500 customers across the continental United States, Canada, and Mexico. JBI operates intermodal freight solutions leveraging partnerships with major North American rail carriers and company-owned drayage services; DCS provides long-term dedicated contract services (averaging five years) with cost-plus pricing arrangements; ICS offers freight brokerage and logistics through thousands of third-party carriers and the J.B. Hunt 360 digital platform; FMS delivers last-mile services including big-and-bulky delivery and fulfillment; and JBT provides full-load dry-van truckload services. The company's competitive advantages include its integrated multimodal approach, proprietary technology platform, long-term customer relationships centered on supply chain optimization, and a workforce of over 31,000 employees including 21,554 company drivers, with no unionized workforce. Revenue is distributed across segments with JBI generating $5.98 billion, DCS $3.38 billion, ICS $1.11 billion, FMS $824 million, and JBT $734 million in 2025.
【Structural cost reduction and margin recovery】 Management is executing a $100 million structural cost-reduction initiative to restore margins toward long-term targets, with progress exceeding the original target run rate and additional opportunities identified beyond the initial goal. The company expects modest operating income growth in dedicated services in 2026 as new business onboarding ramps, with material profit acceleration anticipated in 2027 once startup expenses normalize; intermodal margins remain below target ranges but management is disciplined on pricing and focused on volume recovery and cost efficiency. Capital allocation remains balanced between growth investment, leverage management targeting one-turn debt-to-EBITDA, and opportunistic share repurchases, with net capital expenditures guided to $600–$800 million in 2026 primarily for replacement and success-based dedicated growth. Management remains confident in long-term value creation despite near-term market headwinds, emphasizing service excellence, safety, and customer retention as foundations for future growth.
| Metric | Target | Period |
|---|---|---|
| Net Capital Expenditures | $600 million–$800 million | FY2026 |
| Net Truck Sales (Dedicated Segment) | 800–1,000 new trucks | FY2026 |
Net Capital Expenditures (FY2026): “In 2026, we anticipate net CapEx to be in the range of $600-$800 million, largely for replacement with expectations for success-based growth capital to support our dedicated segment.”
Net Truck Sales (Dedicated Segment) (FY2026): “remain confident in our ability to achieve our full year target for net truck sales of 800-1,000 new trucks this year.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.1B | 12.0B | 12.1B | 12.8B | 14.8B | 12.2B |
| Net Income | 622M | 598M | 571M | 728M | 969M | 761M |
| EPS | $6.54 | $6.12 | $5.56 | $6.97 | $9.21 | $7.14 |
| Free Cash Flow | 1.0B | 948M | 618M | -118M | 236M | 276M |
| ROIC | 13.8% | 11.2% | 10.6% | 13.3% | 20.9% | 19.6% |
| Gross Margin | - | 73.0% | 73.3% | 74.6% | 77.2% | 77.3% |
| Debt/Equity | 0.36 | 0.61 | 0.49 | 0.44 | 0.34 | 0.53 |
| Dividends/Share | $1.80 | $0.44 | $1.72 | $0.42 | $0.40 | $1.18 |
| Operating Income | 893M | 865M | 831M | 993M | 1.3B | 1.0B |
| Operating Margin | 7.4% | 7.2% | 6.9% | 7.7% | 9.0% | 8.6% |
| ROE | 17.3% | 15.8% | 14.2% | 17.7% | 26.4% | 24.4% |
| Shares Outstanding | 94M | 98M | 103M | 104M | 105M | 107M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.2B | 6.2B | 6.6B | 7.2B | 8.6B | 9.2B | 9.6B | 12.2B | 14.8B | 12.8B | 12.1B | 12.0B | 12.1B |
| Gross Margin | 16.3% | 18.6% | 18.2% | 16.2% | 77.6% | 76.3% | 75.6% | 77.3% | 77.2% | 74.6% | 73.3% | 73.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 51M | 73M | 87M | 126M | 163M | 192M | 180M | 196M | 215M | 275M | 306M | 282M | 270M |
| EBIT | 632M | 716M | 721M | 624M | 681M | 734M | 713M | 1.0B | 1.3B | 993M | 831M | 865M | 893M |
| Op. Margin | 10.2% | 11.6% | 11.0% | 8.7% | 7.9% | 8.0% | 7.4% | 8.6% | 9.0% | 7.7% | 6.9% | 7.2% | 7.4% |
| Net Income | 375M | 427M | 432M | 686M | 490M | 516M | 506M | 761M | 969M | 728M | 571M | 598M | 622M |
| Net Margin | 6.1% | 6.9% | 6.6% | 9.5% | 5.7% | 5.6% | 5.3% | 6.3% | 6.5% | 5.7% | 4.7% | 5.0% | 5.1% |
| Non-Recurring | 6.3M | 1.3M | -5.5M | -7.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 23.4% | 22.6% | 19.1% | 23.5% | 14.9% | 15.9% | 16.5% | 19.6% | 20.9% | 13.3% | 10.6% | 11.2% | 13.8% |
| ROE | 33.8% | 34.1% | 31.8% | 42.2% | 23.3% | 22.8% | 19.5% | 24.4% | 26.4% | 17.7% | 14.2% | 15.8% | 17.3% |
| ROA | 12.1% | 12.2% | 11.4% | 16.3% | 9.6% | 9.4% | 8.5% | 11.2% | 12.4% | 8.5% | 6.9% | 7.4% | 7.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 647M | 873M | 854M | 855M | 1.1B | 1.1B | 1.1B | 1.2B | 1.8B | 1.7B | 1.5B | 1.7B | 1.6B |
| Free Cash Flow | -162M | 148M | 216M | 328M | 92M | 244M | 384M | 276M | 236M | -118M | 618M | 948M | 1.0B |
| Owner Earnings | 317M | 496M | 452M | 433M | 605M | 546M | 535M | 605M | 1.1B | 927M | 656M | 892M | 841M |
| CapEx | 809M | 725M | 638M | 527M | 996M | 854M | 739M | 948M | 1.5B | 1.9B | 865M | 731M | 595M |
| Maint. CapEx | 294M | 340M | 362M | 384M | 436M | 499M | 527M | 557M | 645M | 738M | 761M | 715M | 715M |
| Growth CapEx | 514M | 386M | 277M | 143M | 560M | 355M | 211M | 390M | 896M | 1.1B | 104M | 16M | 0 |
| D&A | 294M | 340M | 362M | 384M | 436M | 499M | 527M | 557M | 645M | 738M | 761M | 715M | 715M |
| CapEx/OCF | 125.0% | 83.0% | 74.7% | 61.6% | 91.5% | 77.8% | 65.8% | 77.4% | 86.7% | 106.8% | 58.3% | 43.5% | 36.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 94M | 97M | 99M | 101M | 105M | 112M | 114M | 124M | 167M | 174M | 176M | 171M | 170M |
| Dividend Yield | 1.2% | 1.1% | 1.2% | 1.0% | 0.9% | 1.1% | 0.9% | 0.7% | 0.9% | 0.9% | 1.0% | 1.1% | 0.6% |
| Share Buybacks | 125M | 262M | 250M | 180M | 150M | 276M | 93M | 152M | 300M | 160M | 514M | 923M | 769M |
| Buyback Yield | 1.4% | 3.4% | 2.5% | 1.5% | 1.6% | 2.3% | 0.7% | 0.7% | 1.7% | 0.8% | 2.9% | 4.8% | 2.8% |
| Stock-Based Comp | 35M | 37M | 41M | 38M | 47M | 53M | 61M | 62M | 78M | 79M | 66M | 72M | 71M |
| Debt Repayment | 250M | 250M | 0 | 0 | 0 | 250M | 0 | 0 | 350M | 0 | 250M | 500M | 500M |
| Balance Sheet | |||||||||||||
| Net Debt | 428M | 992M | 980M | 1.1B | 1.4B | 1.2B | 679M | 946M | 1.2B | 1.7B | 1.9B | 2.1B | 1.3B |
| Cash & Equiv. | 6.0M | 5.6M | 6.4M | 15M | 7.6M | 35M | 313M | 356M | 52M | 53M | 47M | 17M | 4.6M |
| Long-Term Debt | 684M | 998M | 986M | 1.1B | 898M | 1.3B | 1.3B | 945M | 1.3B | 1.3B | 978M | 767M | 1.3B |
| Debt/Equity | 0.36 | 0.77 | 0.70 | 0.59 | 0.67 | 0.57 | 0.50 | 0.53 | 0.34 | 0.44 | 0.49 | 0.61 | 0.36 |
| Interest Coverage | 23.4 | 28.0 | 28.5 | 21.7 | 16.8 | 13.4 | 15.0 | 22.6 | 26.0 | 15.1 | 10.5 | 11.5 | 137.4 |
| Equity | 1.2B | 1.3B | 1.4B | 1.8B | 2.1B | 2.3B | 2.6B | 3.1B | 3.7B | 4.1B | 4.0B | 3.6B | 3.6B |
| Total Assets | 3.4B | 3.6B | 4.0B | 4.5B | 5.1B | 5.5B | 5.9B | 6.8B | 7.8B | 8.6B | 8.3B | 7.9B | 7.9B |
| Total Liabilities | 2.2B | 2.3B | 2.5B | 2.6B | 3.0B | 3.2B | 3.3B | 3.7B | 4.1B | 4.5B | 4.3B | 4.4B | -24M |
| Intangibles | N/A | N/A | 2.4M | 74M | 65M | 107M | 107M | 91M | 116M | 134M | 97M | 76M | 0 |
| Retained Earnings | 2.6B | 2.9B | 3.2B | 3.8B | 4.2B | 4.6B | 5.0B | 5.6B | 6.4B | 7.0B | 7.4B | 7.8B | 7.8B |
| Working Capital | 90M | 326M | 373M | 417M | 151M | 446M | 757M | 584M | 644M | 509M | 93M | -331M | 352M |
| Current Assets | 861M | 858M | 1.1B | 1.3B | 1.5B | 1.5B | 1.8B | 2.3B | 2.2B | 2.0B | 1.8B | 1.6B | 1.7B |
| Current Liabilities | 771M | 532M | 695M | 922M | 1.4B | 1.0B | 1.1B | 1.7B | 1.6B | 1.5B | 1.7B | 1.9B | 1.4B |
| Per Share Data | |||||||||||||
| EPS | 3.16 | 3.66 | 3.81 | 6.18 | 4.43 | 4.77 | 4.74 | 7.14 | 9.21 | 6.97 | 5.56 | 6.12 | 6.54 |
| Owner EPS | 2.67 | 4.25 | 3.99 | 3.90 | 5.47 | 5.04 | 5.01 | 5.68 | 10.02 | 8.88 | 6.39 | 9.12 | 8.92 |
| Book Value | 10.16 | 11.14 | 12.47 | 16.56 | 19.01 | 20.94 | 24.36 | 29.26 | 34.84 | 39.27 | 39.10 | 36.47 | 38.12 |
| Cash Flow/Share | 5.45 | 7.48 | 7.53 | 7.70 | 9.84 | 10.15 | 10.52 | 11.49 | 16.88 | 16.70 | 14.44 | 17.17 | 14.18 |
| Dividends/Share | 0.80 | 0.84 | 0.88 | 0.92 | 0.96 | 1.04 | 1.08 | 1.18 | 0.40 | 0.42 | 1.72 | 0.44 | 1.80 |
| Shares Out. | 118.6M | 116.7M | 113.4M | 111.0M | 110.5M | 108.2M | 106.8M | 106.6M | 105.2M | 104.5M | 102.7M | 97.8M | 94.3M |
| Valuation | |||||||||||||
| P/E Ratio | 24.2 | 18.1 | 23.4 | 17.3 | 19.7 | 23.1 | 27.5 | 27.4 | 18.3 | 28.3 | 30.5 | 32.3 | 44.1 |
| P/FCF | N/A | 52.1 | 46.9 | 36.2 | 104.5 | 48.8 | 36.2 | 75.4 | 75.3 | N/A | 28.2 | 20.4 | 26.3 |
| EV/EBIT | 16.2 | 11.8 | 15.4 | 20.7 | 16.2 | 17.9 | 20.5 | 20.8 | 14.2 | 22.5 | 23.2 | 24.8 | 31.9 |
| Price/Book | 7.5 | 5.9 | 7.1 | 6.5 | 4.6 | 5.3 | 5.4 | 6.7 | 4.9 | 5.0 | 4.3 | 5.4 | 7.6 |
| Price/Sales | 1.3 | 1.4 | 1.3 | 1.4 | 1.4 | 1.2 | 1.3 | 1.4 | 1.2 | 1.5 | 1.5 | 1.2 | 2.2 |
| FCF Yield | -1.8% | 1.9% | 2.1% | 2.8% | 1.0% | 2.0% | 2.8% | 1.3% | 1.3% | -0.6% | 3.5% | 4.9% | 3.8% |
| Market Cap | 9.1B | 7.7B | 10.1B | 11.9B | 9.6B | 11.9B | 13.9B | 20.8B | 17.8B | 20.6B | 17.4B | 19.3B | 27.2B |
| Avg. Price | 68.16 | 73.50 | 74.98 | 89.89 | 109.39 | 97.61 | 113.25 | 162.50 | 173.34 | 178.19 | 175.72 | 153.05 | 288.30 |
| Year-End Price | 76.34 | 66.20 | 89.15 | 106.85 | 87.16 | 110.18 | 130.33 | 195.61 | 168.98 | 197.28 | 169.69 | 197.88 | 288.30 |
HUNT J B TRANSPORT SERVICES INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
HUNT J B TRANSPORT SERVICES INC trades at 47.1x trailing earnings, compared to its 15-year median P/E of 25.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 28.8x vs a median of 41.5x. The company's 5-year average ROIC is 15.1% with a gross margin of 75.1%. Total shareholder yield (dividends + buybacks) is 3.5%. At current prices, the estimated annualized return to fair value is +11.8%.
HUNT J B TRANSPORT SERVICES INC (JBHT) reported annual revenue of $12.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a net profit margin of 5.0%. This is a modest margin.
HUNT J B TRANSPORT SERVICES INC (JBHT) generated $948 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
HUNT J B TRANSPORT SERVICES INC (JBHT) reported earnings per share (EPS) of $6.12 in its most recent fiscal year.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a return on equity (ROE) of 15.8%. This indicates the company generates strong returns for shareholders.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a 5-year average gross margin of 75.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for HUNT J B TRANSPORT SERVICES INC (JBHT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HUNT J B TRANSPORT SERVICES INC (JBHT) has a book value per share of $36.47, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a $100 million structural cost-reduction initiative to restore margins toward long-term targets, with progress exceeding the original target run rate and additional opportunities identified beyond the initial goal. The company expects modest operating income growth in dedicated services in 2026 as new business onboarding ramps, with material profit acceleration anticipated in 2027 once startup expenses normalize; intermodal margins remain below target ranges but management is disciplined on pricing and focused on volume recovery and cost efficiency. Capital allocation remains balanced between growth investment, leverage management targeting one-turn debt-to-EBITDA, and opportunistic share repurchases, with net capital expenditures guided to $600–$800 million in 2026 primarily for replacement and success-based dedicated growth. Management remains confident in long-term value creation despite near-term market headwinds, emphasizing service excellence, safety, and customer retention as foundations for future growth.
Based on recent SEC filings and earnings calls, HUNT J B TRANSPORT SERVICES INC (JBHT) has provided the following forward guidance: Net Capital Expenditures: $600 million–$800 million (FY2026); Net Truck Sales (Dedicated Segment): 800–1,000 new trucks (FY2026).
No recent press releases.