Hunt J B Transport Services
JBHT · NasdaqTrucking (No Local) · Fiscal year ends Dec 31
Hunt J B Transport Services reported revenue of $12B in the fiscal year ended Dec 2025, down 0.7% from the year before. Operating income was $865M, an operating margin of 7.2%, and net income was $598M. Operating cash flow of $1.7B less capital expenditure of $731M left free cash flow of $948M. Net debt was $1.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $12.2B | $14.8B | $12.8B | $12.1B | $12B |
| Operating income | $1B | $1.3B | $993M | $831M | $865M |
| Interest expense | $46M | $51M | $66M | $79M | $75M |
| Pre-tax income | $1,000M | $1.3B | $935M | $760M | $794M |
| Income tax | $239M | $312M | $207M | $189M | $196M |
| Net income | $761M | $969M | $728M | $571M | $598M |
| Diluted EPS | 7.14 | 9.21 | 6.97 | 5.56 | 6.12 |
| Diluted shares | 107M | 105M | 104M | 103M | 98M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $356M | $52M | $53M | $47M | $17M |
| Receivables | $1.5B | $1.5B | $1.3B | $1.2B | $1.2B |
| Inventory | $25M | $41M | $42M | $42M | $42M |
| Current assets | $2.3B | $2.2B | $2B | $1.8B | $1.6B |
| Net PP&E | $4.1B | $5B | $5.8B | $5.7B | $5.5B |
| Goodwill | $101M | – | – | $134M | $134M |
| Total assets | $6.8B | $7.8B | $8.6B | $8.3B | $7.9B |
| Current liabilities | $1.7B | $1.6B | $1.5B | $1.7B | $1.9B |
| Short-term debt | $356M | $0 | $250M | $500M | $700M |
| Long-term debt | $945M | $1.3B | $1.3B | $978M | $767M |
| Total liabilities | $3.7B | $4.1B | $4.5B | $4.3B | $4.4B |
| Shareholders' equity | $3.1B | $3.7B | $4.1B | $4B | $3.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.8B | $1.7B | $1.5B | $1.7B |
| Capital expenditure | $948M | $1.5B | $1.9B | $865M | $731M |
| Free cash flow | $276M | $236M | −$118M | $618M | $948M |
| Depreciation & amortisation | $557M | $645M | $738M | $761M | $715M |
| Stock-based compensation | $62M | $78M | $79M | $66M | $72M |
| Acquisitions | $0 | $118M | $85M | −$4M | $0 |
| Share buybacks | $152M | $300M | $160M | $514M | $923M |
| Dividends paid | $124M | $167M | $174M | $176M | $171M |
| Dividend per share | 1.18 | 1.60 | 1.68 | 1.72 | 0.44 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 21.7% | −13.4% | −5.8% | −0.7% |
| Operating income growth (YoY) | – | 27.4% | −25.4% | −16.3% | 4.1% |
| EPS growth (YoY) | – | 29.0% | −24.3% | −20.2% | 10.1% |
| Operating margin | 8.6% | 9.0% | 7.7% | 6.9% | 7.2% |
| Net margin | 6.3% | 6.5% | 5.7% | 4.7% | 5.0% |
| Return on equityBlank when equity is negative | 24.4% | 26.4% | 17.7% | 14.2% | 16.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 20.6% | 21.4% | 13.9% | 12.5% | 14.4% |
| Free cash flow margin | 2.3% | 1.6% | −0.9% | 5.1% | 7.9% |
| Cash conversion (CFO ÷ net income) | 1.61x | 1.83x | 2.40x | 2.60x | 2.81x |
| Receivable days | 45 | 38 | 38 | 37 | 35 |
| Interest cover | 22.6x | 26.0x | 15.1x | 10.5x | 11.5x |
| Debt ÷ equity | 0.42x | 0.34x | 0.38x | 0.37x | 0.41x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $946M | $1.2B | $1.5B | $1.4B | $1.4B |
| Current ratio | 1.34x | 1.41x | 1.35x | 1.06x | 0.83x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.