J.B. Hunt Transport Services, Inc. (JBHT) 10-Year Financial Performance & Capital Metrics

JBHT • • Industrial / General

IndustrialsFreight & LogisticsIntermodal & Truckload TransportationIntermodal & LTL Specialists

AboutJ.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks. As of December 31, 2021, it operated 11,139 company-owned trucks, 544 customer-owned trucks, and 6 contractor trucks. The company also operates 21,069 owned pieces of trailing equipment and 7,753 customer-owned trailers. The ICS segment provides freight brokerage and transportation logistics solutions; flatbed, refrigerated, expedited, and less-than-truckload, as well as dry-van and intermodal solutions; an online multimodal marketplace; and logistics management for customers to outsource the transportation functions. The FMS segment offers delivery services through 1,272 company-owned trucks, 272 customer-owned trucks, and 19 independent contractor trucks; and 1,036 owned pieces of trailing equipment and 185 customer-owned trailers. The JBT segment provides dry-van freight services by utilizing tractors and trailers operating over roads and highways through 734 company-owned tractors and 11,172 company-owned trailers. It also transports or arranges for the transportation of freight, such as general merchandise, specialty consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive parts, agricultural products, electronics, and chemicals. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.Show more

Revenue $12.09B -5.8%
EBITDA $1.59B -8.0%
Net Income $571M -21.6%
EPS (Diluted) 5.56 -20.2%
Gross Margin 17.07% -0.9%
EBITDA Margin 13.17% -2.4%
Operating Margin 6.88% -11.2%
Net Margin 4.72% -16.8%
ROE 14.06% -25.0%
ROIC 10.62% -20.4%
Debt/Equity 0.45 -5.1%
Interest Coverage 10.52 -30.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.5%
✓11 consecutive years of dividend growth
✓Momentum leader: RS Rating 83 (top 17%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.96%

5Y5.69%

3Y-0.22%

TTM-1.6%

Profit (Net Income) CAGR

10Y4.3%

5Y2.03%

3Y-9.13%

TTM0.65%

EPS CAGR

10Y5.81%

5Y3.11%

3Y-8%

TTM4.91%

ROCE

10Y Avg18.87%

5Y Avg16.92%

3Y Avg16.32%

Latest11.71%

Peer Comparison

Intermodal & LTL Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XPOXPO Logistics, Inc.	17.63B	150.16	46.49	4.24%	4.12%	18.27%	0.09%	2.57
JBHTJ.B. Hunt Transport Services, Inc.	19.6B	205.81	37.02	-5.79%	4.75%	16.03%	3.15%	0.45
HUBGHub Group, Inc.	2.86B	47.15	27.74	-6.1%	2.82%	5.98%	5.03%	0.30
FWRDForward Air Corporation	882.14M	28.23	-0.95	80.51%	-4.64%	-59.17%		7.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.19B	6.56B	7.19B	8.61B	9.17B	9.64B	12.17B	14.81B	12.83B	12.09B
Revenue Growth %	0%	0.06%	0.1%	0.2%	0.06%	0.05%	0.26%	0.22%	-0.13%	-0.06%
Cost of Goods Sold+	5.04B	5.37B	5.99B	7.26B	7.66B	8.19B	10.3B	12.34B	10.62B	10.02B
COGS % of Revenue	0.81%	0.82%	0.83%	0.84%	0.84%	0.85%	0.85%	0.83%	0.83%	0.83%
Gross Profit+	1.15B	1.19B	1.2B	1.36B	1.51B	1.45B	1.87B	2.47B	2.21B	2.06B
Gross Margin %	0.19%	0.18%	0.17%	0.16%	0.16%	0.15%	0.15%	0.17%	0.17%	0.17%
Gross Profit Growth %	0.1%	0.03%	0.01%	0.13%	0.11%	-0.04%	0.29%	0.32%	-0.11%	-0.07%
Operating Expenses+	430.48M	464.61M	575.5M	678.2M	772.43M	736.76M	824.29M	1.14B	1.22B	1.23B
OpEx % of Revenue	0.07%	0.07%	0.08%	0.08%	0.08%	0.08%	0.07%	0.08%	0.09%	0.1%
Selling, General & Admin	166.8M	185.44M	273.44M	323.59M	383.98M	348.08M	395.53M	570.19M	632.59M	664.01M
SG&A % of Revenue	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%	0.05%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	263.68M	279.18M	302.06M	354.61M	388.45M	388.68M	428.76M	570.78M	584.35M	567.92M
Operating Income+	715.69M	721.02M	623.79M	681.02M	733.83M	713.12M	1.05B	1.33B	993.2M	831.23M
Operating Margin %	0.12%	0.11%	0.09%	0.08%	0.08%	0.07%	0.09%	0.09%	0.08%	0.07%
Operating Income Growth %	0.13%	0.01%	-0.13%	0.09%	0.08%	-0.03%	0.47%	0.27%	-0.25%	-0.16%
EBITDA+	1.06B	1.08B	1.01B	1.12B	1.23B	1.24B	1.6B	1.98B	1.73B	1.59B
EBITDA Margin %	0.17%	0.17%	0.14%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%
EBITDA Growth %	0.14%	0.03%	-0.07%	0.11%	0.1%	0.01%	0.29%	0.23%	-0.12%	-0.08%
D&A (Non-Cash Add-back)	339.61M	361.51M	383.52M	435.89M	499.14M	527.38M	557.09M	644.52M	737.95M	761.14M
EBIT	715.78M	721.09M	624.02M	681.25M	735.58M	713.61M	1.05B	1.33B	1B	838.54M
Net Interest Income+	-25.49M	-25.22M	-28.55M	-40.2M	-52.93M	-47.09M	-45.76M	-50.18M	-58.31M	-71.71M
Interest Income	86K	71K	235K	224K	1.75M	486K	493K	1.07M	7.62M	7.31M
Interest Expense	25.58M	25.29M	28.79M	40.43M	54.68M	47.58M	46.25M	51.25M	65.93M	79.02M
Other Income/Expense	-25.49M	-25.22M	-28.55M	-40.2M	-52.93M	-47.09M	-45.76M	-50.18M	-58.31M	-71.71M
Pretax Income+	690.2M	695.8M	595.24M	640.82M	680.89M	666.02M	999.77M	1.28B	934.89M	759.52M
Pretax Margin %	0.11%	0.11%	0.08%	0.07%	0.07%	0.07%	0.08%	0.09%	0.07%	0.06%
Income Tax+	262.97M	263.71M	-91.02M	151.23M	164.57M	159.99M	238.97M	312.02M	206.6M	188.63M
Effective Tax Rate %	0.62%	0.62%	1.15%	0.76%	0.76%	0.76%	0.76%	0.76%	0.78%	0.75%
Net Income+	427.24M	432.09M	686.26M	489.58M	516.32M	506.04M	760.81M	969.35M	728.29M	570.89M
Net Margin %	0.07%	0.07%	0.1%	0.06%	0.06%	0.05%	0.06%	0.07%	0.06%	0.05%
Net Income Growth %	0.14%	0.01%	0.59%	-0.29%	0.05%	-0.02%	0.5%	0.27%	-0.25%	-0.22%
Net Income (Continuing)	427.24M	432.09M	686.26M	489.58M	516.32M	506.04M	760.81M	969.35M	728.29M	570.89M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.66	3.81	6.18	4.43	4.77	4.74	7.14	9.21	6.97	5.56
EPS Growth %	0.16%	0.04%	0.62%	-0.28%	0.08%	-0.01%	0.51%	0.29%	-0.24%	-0.2%
EPS (Basic)	3.75	3.88	6.25	4.50	4.81	4.79	7.22	9.31	7.06	5.60
Diluted Shares Outstanding	116.73M	113.36M	111.05M	110.43M	108.31M	106.77M	106.59M	105.28M	104.45M	102.75M
Basic Shares Outstanding	113.95M	111.31M	109.75M	108.71M	107.33M	105.7M	105.36M	104.14M	103.22M	101.95M
Dividend Payout Ratio	0.23%	0.23%	0.15%	0.21%	0.22%	0.23%	0.16%	0.17%	0.24%	0.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	859.37M	945.68M	1.22B	1.5B	1.48B	1.84B	2.3B	2.21B	1.96B	1.77B
Cash & Short-Term Investments	5.57M	6.38M	14.61M	7.6M	35M	313.3M	355.55M	51.93M	53.34M	46.98M
Cash Only	5.57M	6.38M	14.61M	7.6M	35M	313.3M	355.55M	51.93M	53.34M	46.98M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	731.28M	934.95M	1.2B	1.33B	1.01B	1.31B	1.72B	1.86B	1.57B	1.48B
Days Sales Outstanding	43.14	52.06	61.14	56.19	40.3	49.63	51.69	45.8	44.56	44.75
Inventory	23.19M	18.58M	20.69M	21.98M	21.11M	23.8M	25.03M	40.6M	42.19M	41.66M
Days Inventory Outstanding	1.68	1.26	1.26	1.11	1.01	1.06	0.89	1.2	1.45	1.52
Other Current Assets	106.99M	189.66M	0	0	230.33M	0	-9.53M	0	299.5M	200.4M
Total Non-Current Assets+	2.78B	2.88B	3.13B	3.59B	3.99B	4.22B	4.64B	5.79B	6.84B	6.76B
Property, Plant & Equipment	2.7B	2.82B	2.98B	3.45B	3.62B	3.83B	4.25B	5.29B	6.12B	6.04B
Fixed Asset Turnover	2.29x	2.33x	2.41x	2.50x	2.53x	2.52x	2.86x	2.80x	2.09x	2.00x
Goodwill	0	0	39.76M	40.09M	96.33M	105.37M	100.52M	120.45M	134.06M	134.06M
Intangible Assets	0	2.36M	73.7M	65.1M	106.5M	106.8M	90.6M	115.9M	133.9M	97M
Long-Term Investments	13.6M	17.8M	16.4M	15.7M	-699.08B	35.6M	32.3M	25.1M	31.6M	33.9M
Other Non-Current Assets	-677.95M	-746.27M	-53.98M	-65.72M	165.86M	12.81M	6.33M	23.6M	203.29M	238.41M
Total Assets+	3.64B	3.83B	4.35B	5.09B	5.47B	6.07B	6.95B	8B	8.81B	8.53B
Asset Turnover	1.70x	1.71x	1.65x	1.69x	1.68x	1.59x	1.75x	1.85x	1.46x	1.42x
Asset Growth %	0.07%	0.05%	0.14%	0.17%	0.07%	0.11%	0.15%	0.15%	0.1%	-0.03%
Total Current Liabilities+	532.42M	694.87M	921.84M	1.35B	1.04B	1.08B	1.73B	1.57B	1.45B	1.68B
Accounts Payable	340.33M	384.31M	598.59M	709.74M	602.6M	587.51M	772.74M	798.78M	737.36M	645.92M
Days Payables Outstanding	24.64	26.12	36.47	35.7	28.72	26.19	27.39	23.62	25.34	23.52
Short-Term Debt	0	0	0	250.71M	0	48.3M	355.97M	0	249.96M	598.1M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	-44.4M	-48.3M	-58.2M	-86M	-99.9M	311.54M
Current Ratio	1.61x	1.36x	1.33x	1.11x	1.43x	1.70x	1.33x	1.41x	1.35x	1.06x
Quick Ratio	1.57x	1.33x	1.30x	1.10x	1.41x	1.68x	1.32x	1.38x	1.32x	1.03x
Cash Conversion Cycle	20.18	27.2	25.93	21.59	12.58	24.5	25.19	23.38	20.66	22.75
Total Non-Current Liabilities+	1.89B	1.93B	1.77B	1.73B	2.28B	2.38B	2.11B	2.77B	3.25B	2.83B
Long-Term Debt	998M	986.28M	1.09B	898.4M	1.3B	1.31B	945.26M	1.26B	1.33B	977.7M
Capital Lease Obligations	0	0	0	0	80.1M	87.2M	124.1M	223.5M	252.9M	214M
Deferred Tax Liabilities	862.99M	917.61M	654.57M	777.15M	860.83M	895.31M	983.54M	1.23B	1.28B	1.19B
Other Non-Current Liabilities	58.55M	64.88M	76.66M	96.06M	42.54M	92.66M	53.63M	56.71M	385.89M	453.77M
Total Liabilities	2.33B	2.54B	2.63B	2.99B	3.2B	3.47B	3.84B	4.34B	4.7B	4.51B
Total Debt+	998M	986.28M	1.09B	1.15B	1.42B	1.44B	1.48B	1.57B	1.93B	1.79B
Net Debt	999.46M	979.9M	1.07B	1.14B	1.39B	1.13B	1.13B	1.52B	1.88B	1.74B
Debt / Equity	0.77x	0.70x	0.59x	0.55x	0.63x	0.55x	0.48x	0.43x	0.47x	0.45x
Debt / EBITDA	0.95x	0.91x	1.08x	1.03x	1.15x	1.16x	0.93x	0.80x	1.11x	1.12x
Net Debt / EBITDA	0.95x	0.91x	1.06x	1.02x	1.12x	0.91x	0.70x	0.77x	1.08x	1.09x
Interest Coverage	27.98x	28.51x	21.67x	16.85x	13.42x	14.99x	22.61x	25.98x	15.06x	10.52x
Total Equity+	1.3B	1.41B	1.84B	2.1B	2.27B	2.6B	3.12B	3.67B	4.1B	4.01B
Equity Growth %	0.08%	0.09%	0.3%	0.14%	0.08%	0.15%	0.2%	0.18%	0.12%	-0.02%
Book Value per Share	11.14	12.47	16.56	19.03	20.93	24.35	29.25	34.83	39.29	39.07
Total Shareholders' Equity	1.3B	1.41B	1.84B	2.1B	2.27B	2.6B	3.12B	3.67B	4.1B	4.01B
Common Stock	1.67M	1.67M	1.67M	1.67M	1.67M	1.67M	1.67M	1.67M	1.67M	1.67M
Retained Earnings	2.89B	3.22B	3.8B	4.19B	4.59B	4.98B	5.62B	6.42B	6.98B	7.37B
Treasury Stock	-1.86B	-2.1B	-2.28B	-2.43B	-2.7B	-2.79B	-2.95B	-3.26B	-3.43B	-3.94B
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	873.31M	854.14M	855.15M	1.09B	1.1B	1.12B	1.22B	1.78B	1.74B	1.48B
Operating CF Margin %	0.14%	0.13%	0.12%	0.13%	0.12%	0.12%	0.1%	0.12%	0.14%	0.12%
Operating CF Growth %	0.35%	-0.02%	0%	0.27%	0.01%	0.02%	0.09%	0.45%	-0.02%	-0.15%
Net Income	427.24M	432.09M	686.26M	489.58M	516.32M	506.04M	760.81M	969.35M	728.29M	570.89M
Depreciation & Amortization	339.61M	361.51M	383.52M	435.89M	499.14M	527.38M	557.09M	644.52M	737.95M	761.14M
Stock-Based Compensation	37.23M	40.63M	38.29M	47.37M	53.32M	60.7M	61.51M	77.53M	79.19M	65.69M
Deferred Taxes	80.43M	50.41M	-248.76M	101.59M	55.62M	-7.06M	53.42M	175.09M	15.68M	-89.85M
Other Non-Cash Items	-2.56M	10.98M	55.22M	12.11M	52.57M	50.37M	60.68M	58.38M	125.47M	114.73M
Working Capital Changes	-9.91M	-35.99M	-31.77M	1.3M	-78.63M	-14.57M	-269.6M	-147.99M	58.04M	60.56M
Change in Receivables	-747K	-120.99M	-166.11M	-130.93M	50.31M	-109.76M	-382.22M	-13.95M	259.45M	110.75M
Change in Inventory	-20.82M	-36.77M	94.65M	0	-85.06M	0	2.95M	0	0	0
Change in Payables	8.6M	60.82M	85.24M	98.04M	-85.33M	-5.48M	140.29M	-23.84M	-48.35M	-109.81M
Cash from Investing+	-576.53M	-485.39M	-651.28M	-886.77M	-803.96M	-612.96M	-877.02M	-1.55B	-1.69B	-663.69M
Capital Expenditures	-725.12M	-638.43M	-526.93M	-995.65M	-854.12M	-738.54M	-947.56M	-1.54B	-1.86B	-865.37M
CapEx % of Revenue	0.12%	0.1%	0.07%	0.12%	0.09%	0.08%	0.08%	0.1%	0.15%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	148.59M	153.04M	12.53M	108.88M	165.81M	137.72M	0	108.9M	262.22M	190.97M
Cash from Financing+	-297.17M	-367.94M	-195.64M	-208.08M	-266.99M	-231.6M	-304.63M	-530.43M	-57.99M	-825.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-97.36M	-98.99M	-101.36M	-104.99M	-111.82M	-114.23M	-124.44M	-166.72M	-173.9M	-175.54M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	15.86M	8.38M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	148.19M	215.71M	328.23M	92.19M	244.23M	384.31M	276.33M	236.09M	-117.81M	617.78M
FCF Margin %	0.02%	0.03%	0.05%	0.01%	0.03%	0.04%	0.02%	0.02%	-0.01%	0.05%
FCF Growth %	1.92%	0.46%	0.52%	-0.72%	1.65%	0.57%	-0.28%	-0.15%	-1.5%	6.24%
FCF per Share	1.27	1.90	2.96	0.83	2.25	3.60	2.59	2.24	-1.13	6.01
FCF Conversion (FCF/Net Income)	2.04x	1.98x	1.25x	2.22x	2.13x	2.22x	1.61x	1.83x	2.40x	2.60x
Interest Paid	27.25M	24.8M	28.79M	39.9M	46.72M	48.35M	47.02M	50.43M	65.56M	80.86M
Taxes Paid	163.3M	143.63M	190.78M	83.82M	71.68M	95.45M	203.74M	195.83M	135.38M	305.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	34.11%	31.84%	42.19%	24.85%	23.64%	20.79%	26.61%	28.58%	18.74%	14.06%
Return on Invested Capital (ROIC)	24.26%	23.08%	17.64%	16.6%	15.96%	14.49%	19.67%	21.18%	13.34%	10.62%
Gross Margin	18.52%	18.09%	16.68%	15.78%	16.43%	15.05%	15.37%	16.69%	17.23%	17.07%
Net Margin	6.9%	6.59%	9.55%	5.68%	5.63%	5.25%	6.25%	6.54%	5.68%	4.72%
Debt / Equity	0.77x	0.70x	0.59x	0.55x	0.63x	0.55x	0.48x	0.43x	0.47x	0.45x
Interest Coverage	27.98x	28.51x	21.67x	16.85x	13.42x	14.99x	22.61x	25.98x	15.06x	10.52x
FCF Conversion	2.04x	1.98x	1.25x	2.22x	2.13x	2.22x	1.61x	1.83x	2.40x	2.60x
Revenue Growth	0.36%	5.94%	9.67%	19.82%	6.39%	5.14%	26.27%	21.74%	-13.4%	-5.79%

Revenue by Segment

	2011	2012	2015	2016	2017	2022	2023	2024
Service Excluding Fuel Surcharge	-	-	-	-	-	12.38B	10.98B	10.56B
Service Excluding Fuel Surcharge Growth	-	-	-	-	-	-	-11.33%	-3.83%
Fuel Surcharge	-	-	-	-	-	2.43B	1.85B	1.53B
Fuel Surcharge Growth	-	-	-	-	-	-	-23.90%	-17.38%
JBI	-	-	3.67B	3.8B	4.08B	-	-	-
JBI Growth	-	-	-	3.57%	7.59%	-	-	-
DCS	-	-	1.45B	1.53B	1.72B	-	-	-
DCS Growth	-	-	-	5.65%	12.13%	-	-	-
ICS	-	-	699M	852M	1.02B	-	-	-
ICS Growth	-	-	-	21.89%	20.31%	-	-	-
JBT	-	-	386M	388M	378M	-	-	-
JBT Growth	-	-	-	0.52%	-2.58%	-	-	-
Total Revenues	4.56B	5.09B	-	-	-	-	-	-
Total Revenues Growth	-	11.55%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

J.B. Hunt Transport Services, Inc. (JBHT) has a price-to-earnings (P/E) ratio of 37.0x. This suggests investors expect higher future growth.

Growth & Financials

J.B. Hunt Transport Services, Inc. (JBHT) reported $12.05B in revenue for fiscal year 2024. This represents a 166% increase from $4.53B in 2011.

J.B. Hunt Transport Services, Inc. (JBHT) saw revenue decline by 5.8% over the past year.

Yes, J.B. Hunt Transport Services, Inc. (JBHT) is profitable, generating $572.7M in net income for fiscal year 2024 (4.7% net margin).

Dividend & Returns

Yes, J.B. Hunt Transport Services, Inc. (JBHT) pays a dividend with a yield of 0.83%. This makes it attractive for income-focused investors.

J.B. Hunt Transport Services, Inc. (JBHT) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.

J.B. Hunt Transport Services, Inc. (JBHT) generated $789.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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