JBHT

MKT CAP:$24B

J.B. Hunt Transport Services, Inc.

Market Cap

$24B

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

Industrials·Integrated·🇺🇸·NASDAQ

Stock Price

$250.50+$53.72 (+27.30%)

Apr 24, 2026

Company Details

J.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...

CEO

Shelley Simpson

IPO Date

Nov 22, 1983

Website

www.jbhunt.com

Key Metrics TTM

Revenue

$12.1B

+0.6% YoY

Net Income

$622M

EPS (Diluted)

$6.46

Free Cash Flow

$948M

Revenue / Share

$127.45

Gross Margin

28.6%

Operating Margin

7.4%

Net Margin

5.1%

FCF Margin

7.8%

P/S

2.0x

P/E

38.0x

Earnings Reports

Q1 2026

Apr 15, 2026

NEW

$3.1B+4.6%EPS $1.49

FY 2025

Feb 24, 2026

$12.0B-0.7%EPS $6.12

Q4 2025

Feb 24, 2026

$3.1B-1.6%EPS $1.90

Q3 2025

Oct 24, 2025

$3.1B-0.5%EPS $1.76

Q2 2025

Jul 24, 2025

$2.9B-0.0%EPS $1.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$3.5B	$548M	$323M
Q1 22	$3.5B	$549M	$334M
Q2 22	$3.8B	$652M	$353M
Q3 22	$3.8B	$650M	$362M
Q4 22	$3.6B	$622M	$282M
Q1 23	$3.2B	$565M	$277M
Q4 23	$3.3B	$557M	$203M
Q1 24	$2.9B	$499M	$194M
Q2 24	$2.9B	$503M	$206M
Q3 24	$3.1B	$532M	$224M
Q4 24	$3.1B	$530M	$207M
Q1 25	$2.9B	$489M	$179M
Q2 25	$2.9B	$514M	$197M
Q3 25	$3.1B	$340M	$243M
Q4 25	$3.1B	$340M	$246M
Q1 26	$3.1B	$2.3B	$207M

Valuation

Quarter	P/S	P/E
Q4 21	1.7x	27.8x
Q1 22	1.7x	25.6x
Q2 22	1.2x	17.9x
Q3 22	1.1x	16.6x
Q4 22	1.2x	19.0x
Q1 23	1.2x	19.4x
Q4 23	1.4x	24.3x
Q1 24	1.5x	29.8x
Q2 24	1.3x	26.2x
Q3 24	1.4x	30.9x
Q4 24	1.4x	30.4x
Q1 25	1.2x	26.2x
Q2 25	1.2x	25.7x
Q3 25	1.1x	23.4x
Q4 25	1.6x	32.5x
Q1 26	1.6x	31.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$301M	$35M
Q4 21	$254M	-$121M
Q1 22	$292M	-$18M
Q2 22	$493M	$134M
Q3 22	$571M	$151M
Q4 22	$421M	-$31M
Q1 23	$488M	$26M
Q4 23	$215M	-$89M
Q1 24	$466M	$263M
Q2 24	$361M	$98M
Q3 24	$338M	$163M
Q4 24	$318M	$93M
Q1 25	$404M	$158M
Q2 25	$402M	$186M
Q3 25	$486M	$352M
Q4 25	$386M	$251M

Capital Expenditures

Quarter	CapEx
Q3 21	$266M
Q4 21	$375M
Q1 22	$309M
Q2 22	$358M
Q3 22	$420M
Q4 22	$453M
Q1 23	$461M
Q4 23	$304M
Q1 24	$203M
Q2 24	$262M
Q3 24	$175M
Q4 24	$224M
Q1 25	$246M
Q2 25	$216M
Q3 25	$134M
Q4 25	$134M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+27.7%	+25.5%
Q1 22	+33.2%	+30.9%
Q2 22	+31.9%	+30.7%
Q3 22	+22.1%	+21.1%
Q4 22	+4.4%	+6.1%
Q1 23	-7.4%	-6.4%
Q4 23	-13.9%	-11.0%
Q1 24	-23.3%	-20.9%
Q2 24	-19.8%	-19.1%
Q3 24	-5.0%	-3.7%
Q4 24	-4.8%	-5.2%
Q1 25	-0.8%	-0.3%
Q2 25	-0.0%	+0.3%
Q3 25	-0.5%	-1.2%
Q4 25	-1.6%	-3.0%
Q1 26	+4.6%	+3.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$16M	0.5%
Q4 21	$14M	0.4%
Q1 22	$19M	0.5%
Q2 22	$20M	0.5%
Q3 22	$20M	0.5%
Q4 22	$18M	0.5%
Q1 23	$19M	0.6%
Q4 23	$19M	0.6%
Q1 24	$18M	0.6%
Q2 24	$19M	0.7%
Q3 24	$20M	0.6%
Q4 24	$8M	0.3%
Q1 25	$18M	0.6%
Q2 25	$20M	0.7%
Q3 25	$21M	0.7%
Q4 25	$13M	0.4%

OpEx Breakdown

Quarter	G&A
Q4 21	$112M
Q1 22	$92M
Q2 22	$156M
Q3 22	$132M
Q4 22	$190M
Q1 23	$141M
Q4 23	$213M
Q1 24	$164M
Q2 24	$159M
Q3 24	$162M
Q4 24	$180M
Q1 25	$169M
Q2 25	$170M
Q3 25	$123M
Q4 25	$65M
Q1 26	$62M

Revenue Segments

Quarter	Fuel Surcharge	Service Excluding Fuel Surcharge
Q1 22	$446M	$3.0B
Q2 22	$678M	$3.2B
Q3 22	$676M	$3.2B
Q4 22	$632M	$3.0B
Q1 23	$498M	$2.7B
Q4 23	$455M	$2.8B
Q1 24	$392M	$2.6B
Q2 24	$384M	$2.5B
Q3 24	$390M	$2.7B
Q1 25	$362M	$2.6B
Q2 25	$352M	$2.6B
Q3 25	$386M	$2.7B
Q4 25	$377M	$2.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$145M	$0	$145M
Q2 22	$124M	$0	$124M
Q3 22	$84M	$0	$84M
Q4 22	$52M	$0	$52M
Q1 23	$53M	$0	$53M
Q2 23	$296M	$0	$296M
Q3 23	$75M	$0	$75M
Q4 23	$53M	$0	$53M
Q1 24	$64M	$0	$64M
Q2 24	$54M	$0	$54M
Q3 24	$120M	$0	$120M
Q4 24	$47M	$0	$47M
Q1 25	$43M	$0	$43M
Q2 25	$51M	$0	$51M
Q3 25	$52M	$0	$52M
Q4 25	$17M	$0	$17M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	106M	-0.1%	-0.4%
Q1 22	106M	-0.2%	-0.7%
Q2 22	105M	-0.6%	-1.3%
Q3 22	105M	-0.4%	-1.4%
Q4 22	105M	-0.2%	-1.5%
Q1 23	105M	-0.0%	-1.3%
Q4 23	104M	-0.6%	-1.2%
Q1 24	104M	-0.0%	-0.8%
Q2 24	103M	-0.9%	-1.5%
Q3 24	102M	-1.0%	-2.5%
Q4 24	103M	+0.6%	-1.3%
Q1 25	100M	-2.2%	-3.5%
Q2 25	99M	-1.3%	-3.8%
Q3 25	98M	-0.8%	-3.6%
Q4 25	96M	-3.0%	-7.1%
Q1 26	95M	-0.3%	-5.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$105.8K	33K
Q1 22	$105.6K	33K
Q2 22	$116.1K	33K
Q3 22	$116.2K	33K
Q4 22	$98.2K	37K
Q1 23	$86.9K	37K
Q4 23	$95.2K	35K
Q1 24	$84.8K	35K
Q2 24	$84.4K	35K
Q3 24	$88.4K	35K
Q4 24	$93.5K	34K
Q1 25	$86.8K	34K
Q2 25	$87.0K	34K
Q3 25	$90.7K	34K
Q4 25	$97.5K	32K
Q1 26	$96.3K	32K

Revenue / Employee