Upside case
Bull case
$512+88.7%
JBHT would need investors to value it at roughly 69x earnings — about 33x more generous than today's 37x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
J.B. Hunt Transport Services, Inc. (JBHT) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
45
analysts
25 bullish · 0 bearish · 45 covering JBHT
Strong Buy
0
Buy
25
Hold
20
Sell
0
Strong Sell
0
Consensus Target
$237
-12.5% vs today
Scenario Range
$245 – $512
Model bear to bull value window
Coverage
45
Published analyst ratings
Valuation Context
36.8x
Forward P/E · Market cap $25.7B
JBHT price targets
Three scenarios for where JBHT stock could go
Current
~$271
Confidence
56 / 100
Updated
Jun 18, 2026
Where we are now
Current · $271
Bear
$245
Base
$388
Bull
$512
Market caseClosest to today
Base case
$388+43.2%
At 53x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$245-9.8%
If investor confidence fades or macro conditions deteriorate, a 4x multiple contraction could push JBHT down roughly 10% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
J.B. Hunt Transport Services, Inc.
JBHT · NASDAQIndustrialsIntegrated Freight & LogisticsDecember year-end
J.B. Hunt Transport Services is a major North American transportation and logistics company that provides intermodal freight shipping, dedicated trucking, and supply chain solutions. It generates revenue primarily through its Intermodal segment (~40% of revenue), Dedicated Contract Services (~30%), and Integrated Capacity Solutions brokerage (~20%), with Final Mile and Truckload making up the remainder. The company's key advantage is its integrated network of intermodal rail partnerships—particularly with BNSF Railway—combined with its large owned equipment fleet and sophisticated logistics technology.
Market Cap
$25.7B
Revenue TTM
$12.0B
Net Income TTM
$598M
Net Margin
5.0%
JBHT Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
60%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
-1.9%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q4 2025
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q4 2025
EPS
$1.76/$1.46
Revenue
$3.1B/$3.0B
Q1 2026
EPS
$1.90/$1.81
Revenue
$3.1B/$3.1B
Q1 2026
EPS
$1.90/—
Revenue
$3.1B/—
Q2 2026
EPS
$1.49/$1.45
Revenue
$3.1B/$3.0B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q4 2025 | $1.76/$1.46 | +20.5% | $3.1B/$3.0B | +1.2% |
| Q1 2026 | $1.90/$1.81 | +5.0% | $3.1B/$3.1B | -0.6% |
| Q1 2026 | $1.90/— | — | $3.1B/— | — |
| Q2 2026 | $1.49/$1.45 | +2.8% | $3.1B/$3.0B | +3.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$12.5B
+4.6% YoY
FY2
$13.4B
+6.6% YoY
EPS Outlook
FY1
$7.25
+15.8% YoY
FY2
$8.63
+19.0% YoY
Trailing FCF (TTM)$948M
FCF Margin: 7.9%
Next Earnings
July 21, 2026
Expected EPS
$1.69
Expected Revenue
$3.2B
JBHT beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
JBHT Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $12.0B
Product Mix
Latest annual revenue by segment or product family
Service Excluding Fuel Surcharge
87.7%
-0.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Service Excluding Fuel Surcharge is the largest disclosed segment at 87.7% of FY 2025 revenue, down 0.3% YoY.
JBHT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $358 — implies +32.2% from today's price.
Upside to Fair Value
32.2%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
JBHT
44.3x
vs
S&P 500
24.4x
+81% premium
vs Industrials Trailing P/E
JBHT
44.3x
vs
Industrials
25.6x
+73% premium
vs JBHT 5Y Avg P/E
Today
44.3x
vs
5Y Average
27.7x
+60% premium
Forward PE
36.8x
S&P 500
18.8x
+96%
Industrials
21.2x
+74%
5Y Avg
—
—
Trailing PE
44.3x
S&P 500
24.4x
+81%
Industrials
25.6x
+73%
5Y Avg
27.7x
+60%
PEG Ratio
8.45x
S&P 500
1.66x
+409%
Industrials
1.65x
+413%
5Y Avg
—
—
EV/EBITDA
17.2x
S&P 500
15.2x
+13%
Industrials
13.9x
+24%
5Y Avg
12.5x
+37%
Price/FCF
27.1x
S&P 500
20.7x
+31%
Industrials
20.0x
+35%
5Y Avg
51.3x
-47%
Price/Sales
2.1x
S&P 500
3.1x
-31%
Industrials
1.6x
+37%
5Y Avg
1.5x
+39%
Dividend Yield
0.65%
S&P 500
1.91%
-66%
Industrials
1.21%
-47%
5Y Avg
0.84%
-23%
| Metric | JBHT | S&P 500 | Industrials | 5Y Avg JBHT |
|---|---|---|---|---|
| Forward PE | 36.8x | 18.8x+96% | 21.2x+74% | — |
| Trailing PE | 44.3x | 24.4x+81% | 25.6x+73% | 27.7x+60% |
| PEG Ratio | 8.45x | 1.66x+409% | 1.65x+413% | — |
| EV/EBITDA | 17.2x | 15.2x+13% | 13.9x+24% | 12.5x+37% |
| Price/FCF | 27.1x | 20.7x+31% | 20.0x+35% | 51.3x-47% |
| Price/Sales | 2.1x | 3.1x-31% | 1.6x+37% | 1.5x+39% |
| Dividend Yield | 0.65% | 1.91% | 1.21% | 0.84% |
JBHT trades above S&P 500 benchmarks on 5 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolJBHT Financial Health
Verdict
Strong
JBHT 12.0% ROIC signals a durable competitive advantage.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$12.0B
Revenue Growth
TTM vs prior year
-0.7%
Gross Margin
Gross profit as a share of revenue
14.0%
Operating Margin
Operating income divided by revenue
7.2%
Net Margin
Net income divided by revenue
5.0%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$6.26
Free Cash Flow (TTM)
Cash generation after capex
$948M
FCF Margin
FCF as share of revenue — the primary cash quality signal
7.9%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
12.0%
ROA
Return on assets, trailing twelve months
7.5%
Cash & Equivalents
Liquid assets on the balance sheet
$17M
Net Debt
Total debt minus cash
$1.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.5× FCF
~1.5 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
16.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.6%
Dividend
0.6%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$1.75
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
95M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageJBHT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Growth struggles
J.B. Hunt struggles with growth and profitability in 2025, leaving its stock price vulnerable to a correction.
Medium
Freight market volatility
Despite early signs of freight market recovery, revenue growth remains modest, indicating potential vulnerability to market fluctuations.
Lower
Investor sentiment risk
The stock's recent gains may lead to overvaluation, increasing the risk of a correction if performance falters.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why JBHT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Strong Q1 2026 performance
J.B. Hunt reported higher sales, revenue, and net income in Q1 2026 compared to the previous year, demonstrating financial growth.
Dividend and share repurchases
The company declared a regular quarterly dividend of $0.45 per share and continues share repurchases, reflecting shareholder-friendly capital allocation.
Freight market recovery
J.B. Hunt is showing early signs of freight market recovery, with Q1 2026 revenue up 5.1%, indicating improving industry conditions.
Bullish analyst thesis
A bullish investment thesis on J.B. Hunt was highlighted by MaxDividends, suggesting potential upside for the stock.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
JBHT Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$271.22
52W Range Position
86%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$130.12
+108.4% from the low
52-Week High
$293.54
-7.6% from the high
1 Month
+3.73%
3 Month
+37.23%
YTD
+37.8%
1 Year
+95.1%
3Y CAGR
+16.0%
5Y CAGR
+11.7%
10Y CAGR
+12.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
JBHT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
36.8x
vs 40.5x median
-9% below peer median
Revenue Growth
+4.6%
vs +7.0% median
-35% below peer median
Net Margin
5.0%
vs 4.2% median
+19% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
JBH JBHT J.B. Hunt Transport Services, Inc. | $25.7B | 36.8x | +4.6% | 5.0% | Buy | -12.5% |
CHR CHRW C.H. Robinson Worldwide, Inc. | $21.9B | 30.0x | +1.4% | 3.7% | Hold | +3.9% |
ODF ODFL Old Dominion Freight Line, Inc. | $46.1B | 40.5x | +3.4% | 18.6% | Hold | -1.6% |
XPO XPO XPO Logistics, Inc. | $23.4B | 40.5x | +7.4% | 4.2% | Buy | +10.3% |
SAI SAIA Saia, Inc. | $11.6B | 38.3x | +7.2% | 7.8% | Buy | +3.1% |
WER WERN Werner Enterprises, Inc. | $2.4B | 42.8x | +7.0% | -0.5% | Hold | -2.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
JBHT Dividend and Capital Return
JBHT returns 0.6% total yield, led by a 0.65% dividend, raised 12 consecutive years.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
0.6%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.65%
Payout Ratio
—
How JBHT Splits Its Return
Div 0.65%
Dividend 0.65%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.75
Growth Streak
Consecutive years of dividend increases
12Y
3Y Div CAGR
3.2%
5Y Div CAGR
10.3%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
95M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.90 | — | — | — |
| 2025 | $1.76 | +2.3% | 0.0% | 0.9% |
| 2024 | $1.72 | +2.4% | 3.1% | 4.1% |
| 2023 | $1.68 | +5.0% | 0.9% | 1.8% |
| 2022 | $1.60 | +35.6% | 1.8% | 2.7% |
FAQ
7 questionsJBHT Investor Questions
Common questions answered from live analyst data and company financials.
01Is J.B. Hunt Transport Services, Inc. (JBHT) stock a buy or sell in 2026?
J.B. Hunt Transport Services, Inc. (JBHT) is rated Buy by Wall Street analysts as of 2026. Of 45 analysts covering the stock, 25 rate it Buy or Strong Buy, 20 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $237, implying -12.5% from the current price of $271. The bear case scenario is $245 and the bull case is $512.
02What is the JBHT stock price target for 2026?
The Wall Street consensus price target for JBHT is $237 based on 45 analyst estimates. The high-end target is $320 (+18.0% from today), and the low-end target is $180 (-33.6%). The base case model target is $388.
03Is J.B. Hunt Transport Services, Inc. (JBHT) stock overvalued in 2026?
JBHT trades at 36.8x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for J.B. Hunt Transport Services, Inc. (JBHT) stock in 2026?
The primary risks for JBHT in 2026 are: (1) Growth struggles — J. (2) Freight market volatility — Despite early signs of freight market recovery, revenue growth remains modest, indicating potential vulnerability to market fluctuations. (3) Investor sentiment risk — The stock's recent gains may lead to overvaluation, increasing the risk of a correction if performance falters. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is J.B. Hunt Transport Services, Inc.'s revenue and earnings forecast?
Analyst consensus estimates JBHT will report consensus revenue of $12.5B (+4.6% year-over-year) and EPS of $7.25 (+15.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $13.4B in revenue.
06When does J.B. Hunt Transport Services, Inc. (JBHT) report its next earnings?
J.B. Hunt Transport Services, Inc. is expected to report its next earnings on approximately 2026-07-21. Consensus expects EPS of $1.69 and revenue of $3.2B. Over recent quarters, JBHT has beaten EPS estimates 60% of the time.
07How much free cash flow does J.B. Hunt Transport Services, Inc. generate?
J.B. Hunt Transport Services, Inc. (JBHT) generated $948M in free cash flow over the trailing twelve months — a free cash flow margin of 7.9%. JBHT returns capital to shareholders through dividends (0.6% yield) and share repurchases ($0 TTM).