HUBG

MKT CAP:$3B

Hub Group, Inc.

Market Cap

$3B

Industrials·Integrated Freight & Logistics·🇺🇸 United States·NASDAQ

Industrials·Integrated·🇺🇸·NASDAQ

Stock Price

$43.86+$1.11 (+2.60%)

Apr 22, 2026

Company Details

Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-con...

CEO

Phillip D. Yeager

IPO Date

Mar 13, 1996

Website

www.hubgroup.com

Key Metrics TTM

Revenue

$3.9B

-6.1% YoY

Net Income

$104M

EPS (Diluted)

$1.70

Free Cash Flow

$144M

Revenue / Share

$64.58

Gross Margin

11.1%

Operating Margin

3.6%

Net Margin

2.6%

FCF Margin

3.6%

P/S

0.7x

P/E

25.0x

Earnings Reports

Q1 2025

May 14, 2026

PENDING

FY 2024

Feb 25, 2025

$3.9B-6.1%EPS $1.70

Q4 2024

Feb 25, 2025

$974M-1.2%EPS $0.40

Q3 2024

Nov 1, 2024

$987M-3.7%EPS $0.39

Q2 2024

Aug 2, 2024

$986M-5.2%EPS $0.47

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$920M	$109M	$24M
Q2 21	$981M	$121M	$37M
Q3 21	$1.1B	$158M	$60M
Q4 21	$1.3B	$213M	$118M
Q1 22	$1.3B	$215M	$115M
Q2 22	$1.4B	$338M	$138M
Q3 22	$1.4B	$223M	$118M
Q4 22	$1.3B	$204M	$104M
Q1 23	$1.2B	$112M	$78M
Q2 23	$1.0B	$100M	$62M
Q3 23	$1.0B	$78M	$43M
Q4 23	$985M	$107M	$29M
Q1 24	$999M	$76M	$37M
Q2 24	$986M	$80M	$40M
Q3 24	$987M	$72M	$32M
Q4 24	$974M	$211M	$32M

Valuation

Quarter	P/S	P/E
Q1 21	0.7x	33.5x
Q2 21	0.7x	28.6x
Q3 21	0.7x	23.7x
Q4 21	0.6x	15.2x
Q1 22	0.6x	10.8x
Q2 22	0.5x	8.2x
Q3 22	0.5x	7.2x
Q4 22	0.5x	7.3x
Q1 23	0.5x	7.8x
Q2 23	0.5x	9.5x
Q3 23	0.6x	11.9x
Q4 23	0.6x	15.5x
Q1 24	0.6x	19.6x
Q2 24	0.7x	22.5x
Q3 24	0.7x	24.0x
Q4 24	0.7x	25.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$127M	$118M
Q2 21	$47M	$30M
Q3 21	$4M	-$54M
Q4 21	$75M	$26M
Q1 22	$80M	$49M
Q2 22	$121M	$66M
Q3 22	$150M	$78M
Q4 22	$108M	$46M
Q1 23	$89M	$63M
Q2 23	$132M	$93M
Q3 23	$101M	$61M
Q4 23	$99M	$65M
Q1 24	$81M	$63M
Q2 24	$70M	$56M
Q3 24	$43M	$31M
Q4 24	$604.0K	-$7M

Capital Expenditures

Quarter	CapEx
Q1 21	$10M
Q2 21	$17M
Q3 21	$58M
Q4 21	$49M
Q1 22	$31M
Q2 22	$55M
Q3 22	$72M
Q4 22	$61M
Q1 23	$27M
Q2 23	$39M
Q3 23	$40M
Q4 23	$34M
Q1 24	$18M
Q2 24	$14M
Q3 24	$12M
Q4 24	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+9.6%	+9.3%
Q2 21	+25.9%	+24.5%
Q3 21	+16.3%	+14.0%
Q4 21	+31.9%	+23.6%
Q1 22	+41.2%	+32.1%
Q2 22	+42.8%	+33.8%
Q3 22	+26.1%	+21.9%
Q4 22	+2.3%	+3.7%
Q1 23	-11.2%	-9.2%
Q2 23	-25.8%	-22.6%
Q3 23	-24.4%	-20.6%
Q4 23	-23.4%	-19.1%
Q1 24	-13.3%	-10.4%
Q2 24	-5.2%	-3.2%
Q3 24	-3.7%	-2.8%
Q4 24	-1.2%	-1.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$5M	0.6%
Q2 21	$4M	0.4%
Q3 21	$5M	0.4%
Q4 21	$6M	0.5%
Q1 22	$5M	0.4%
Q2 22	$6M	0.4%
Q3 22	$5M	0.3%
Q4 22	$5M	0.4%
Q1 23	$5M	0.5%
Q2 23	$5M	0.5%
Q3 23	$5M	0.5%
Q4 23	$5M	0.5%
Q1 24	$4M	0.4%
Q2 24	$5M	0.5%
Q3 24	$5M	0.5%
Q4 24	$4M	0.5%

OpEx Breakdown

Quarter	G&A
Q1 21	$76M
Q2 21	$75M
Q3 21	$89M
Q4 21	$84M
Q1 22	$89M
Q2 22	$176M
Q3 22	$94M
Q4 22	$88M
Q1 23	$38M
Q2 23	$38M
Q3 23	$36M
Q4 23	$29M
Q1 24	$40M
Q2 24	$41M
Q3 24	$40M
Q4 24	$38M

Revenue Segments

Quarter	Dedicated Carrier	Intermodal	Logistics	Truck Brokerage	Intermodal and Transportation Solutions
Q1 21	$69M	$506M	$217M	$127M	—
Q2 21	$69M	$550M	$222M	$140M	—
Q3 21	$64M	$633M	$224M	$153M	—
Q4 21	$62M	$702M	$224M	$268M	—
Q1 22	—	—	$229M	$296M	$774M
Q2 22	—	—	$263M	$266M	$873M
Q3 22	—	—	$252M	$250M	$853M
Q1 23	—	$709M	$469M	—	—
Q2 23	—	$615M	$454M	—	—
Q3 23	—	$595M	$460M	—	—
Q4 23	—	$576M	$438M	—	—
Q1 24	—	$552M	$480M	—	—
Q2 24	—	$561M	$459M	—	—
Q3 24	—	$560M	$461M	—	—
Q4 24	—	$570M	$429M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$160M	$0	$160M
Q1 22	$207M	$0	$207M
Q2 22	$298M	$0	$298M
Q3 22	$212M	$0	$212M
Q4 22	$287M	$0	$287M
Q1 23	$343M	$0	$343M
Q2 23	$342M	$0	$342M
Q3 23	$401M	$0	$401M
Q4 23	$187M	$0	$187M
Q1 24	$195M	$0	$195M
Q2 24	$220M	$0	$220M
Q3 24	$186M	$0	$186M
Q4 24	$98M	$0	$98M
Q1 25	$113M	$0	$113M
Q2 25	$137M	$0	$137M
Q3 25	$120M	$0	$120M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	68M	+0.4%	+0.9%
Q2 21	68M	+0.3%	+1.3%
Q3 21	68M	-0.0%	+0.8%
Q4 21	68M	+0.3%	+1.0%
Q1 22	68M	-0.1%	+0.6%
Q2 22	67M	-0.7%	-0.4%
Q3 22	67M	-0.7%	-1.0%
Q4 22	66M	-2.1%	-3.4%
Q1 23	66M	+0.1%	-3.3%
Q2 23	65M	-1.7%	-4.3%
Q3 23	63M	-2.5%	-6.0%
Q4 23	63M	-0.7%	-4.7%
Q1 24	62M	-1.4%	-6.1%
Q2 24	61M	-0.9%	-5.4%
Q3 24	61M	-0.3%	-3.2%
Q4 24	61M	+0.3%	-2.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$183.9K	5K
Q2 21	$196.3K	5K
Q3 21	$215.0K	5K
Q4 21	$267.3K	5K
Q1 22	$276.2K	5K
Q2 22	$298.2K	5K
Q3 22	$288.4K	5K
Q4 22	$217.9K	6K
Q1 23	$195.3K	6K
Q2 23	$176.3K	6K
Q3 23	$173.7K	6K
Q4 23	$165.6K	6K
Q1 24	$168.0K	6K
Q2 24	$165.8K	6K
Q3 24	$165.9K	6K
Q4 24	$149.8K	7K

Revenue / Employee