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J.B. Hunt (JBHT) stock

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NASDAQ: JBHT Nasdaq Cargo Ground Transportation Next results ~January 15, 2027

B Fundamentals grade

J.B. Hunt is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$170

Cash-flow model

Base case. Range ~$120–$220 across our lower- and higher-growth cases (0.5%–10.5% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 26% below it.

Price used: $223.80, November 2, 2026

J.B. Hunt valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 12 selling1 purchase and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds502 adding, 292 cuttingOf 75 active managers that changed their stake, 41 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter J.B. Hunt files

10-Q filed October 23: J.B. Hunt

Model value +41.3%

Revenue for the twelve months to September 2026 reached $13.3bn, up 10.6% on a year earlier. That marks an acceleration from the 5.3% rate seen a quarter earlier. Free cash flow held steady at 7.3% of revenue. With the diluted share count down 4.2% over the year, each remaining share now carries more of the business. Our model value climbs from $118 to $166 a share, though the stock trades at $226. We keep the rating at Sell. At $226, the market is effectively pricing in roughly 12.1% annual cash-flow growth for the next five years. That sits well above the 1.8% a year of revenue growth actually delivered.

Source: 10-Q filed October 23, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where J.B. Hunt stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $12.7bn, up 5.3% on a year earlier, faster than 0.6% a quarter earlier. Free-cash-flow margin rose to 8.7% from 5.0% a year earlier. The diluted share count is down 4.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 6 financial-health checks. Our cash-flow model value is $89.14 a share, against a share price of $228. At that price, our model says the market is pricing in about 17.3% a year of cash-flow growth for five years, faster than the 0.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 15, 2027 (estimated)

J.B. Hunt's trailing-twelve-month revenue grew 10.6% year on year, with a free-cash-flow margin of 7.3%. Where it stands out: change in share count of -4.2% ranks 3 of 18 cargo ground transportation companies we cover. Where it lags: stock pay as % of revenue of 0.5% ranks 14 of 15 cargo ground transportation companies we cover.

Our discounted-cash-flow model values the business at ~$170 per share in the base case (~$120–$220 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net income rising while operating cash flow falls: TTM net income grew 18.1% while operating cash flow fell 7.2% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 5.3 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 4.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $223.80 is 26% above our value per share of $170.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.5% ranks 14 of 15 cargo ground transportation companies we cover (median 0.3%).

Latest results: FY2026 Q3

Filed October 23, 2026
Earnings per share
$1.82 against an average estimate of $1.81: beat by 0.6%
Revenue
$3.68bn, up 20.4% on a year earlier
Share reaction
-1.5% in the first session after the results on October 15, 2026, against -0.8% for the S&P 500
Guidance given
full year annual tax rate 24% (2026 full year)
Next report
January 15, 2027; average EPS estimate $2.03

J.B. Hunt's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.2%
  • 1 week-0.3%
  • 1 month-4.4%
  • This year+15.8%
  • 1 year+33.6%
  • 5 years+19.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.3B
Operating margin
7.2%
Net margin
5.1%
EPS (TTM, diluted)
$7.11

Growth

Revenue growth
+10.6%
Change in growth rate
+5.3 pts
Share count change
−4.2%

Cash

Free cash flow (TTM)
$966M
FCF margin
7.3%
Stock pay % of revenue
0.5%

Earnings

Last results
October 15, 2026
Next results (est.)
January 14, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

J.B. Hunt valuation models and calculator

What the price is pricing in

The share price implies about 11.9% a year of cash-flow growth for five years.That is faster than the 1.8% a year revenue growth J.B. Hunt has delivered.

  • Priced in11.9%
  • Last 12 months10.6%
  • 3 years a year0.4%
  • 5 years a year1.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($223.38, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$170
Price used
$223.38close November 3, 2026
Implied change
▼ 26%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of J.B. Hunt's free cash flow after stock-based pay with after-tax interest added back ($764M, FY2026 Q3 TTM), growing 10.9% and 7.4% in the next two years (forecasts, guidance and its record), then back to 5.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$120–~$220 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of J.B. Hunt's free cash flow after stock-based pay ( $764M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value J.B. Hunt as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.87 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$170 ~$120–$220 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$160 ~$150–$240 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$87–$170 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$95–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$140 ~$110–$170 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare J.B. Hunt with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −14%
  • Last year's free-cash-flow margin change, if it persists ▲ +11%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $105$146$202$274$369$492
8.5% $77$108$147$199$267$354
10% $61$84$115$155$206$272

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$66.40$88.82$106.23$86.68$109.88$129.78$195.50$168.28$194.51$167.77$193.27$223.80
Market value$7.8bn$10.1bn$11.8bn$9.6bn$11.9bn$13.9bn$20.8bn$17.7bn$20.3bn$17.2bn$18.9bn$21.3bn
+ Net debt (− = net cash)$992m$980m$1.1bn$1.1bn$1.3bn$992m$946m$1.2bn$1.5bn$1.4bn$1.4bn$1.1bn
Enterprise value$8.7bn$11.0bn$12.9bn$10.7bn$13.2bn$14.8bn$21.8bn$18.9bn$21.8bn$18.7bn$20.3bn$22.4bn
Multiples
Price / sales 1.3x1.5x1.6x1.1x1.3x1.4x1.7x1.2x1.6x1.4x1.6x1.6x
Price / earnings 18.1x23.3x17.2x19.6x23.0x27.4x27.4x18.3x27.9x30.2x31.6x31.5x
Price / free cash flow 52.3x46.7x35.9x103.8x48.7x36.1x75.4x75.0x—27.9x19.9x22.0x
EV / EBITDA 8.3x10.2x12.8x9.6x10.7x12.0x13.6x9.6x12.6x11.7x12.9x13.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

70 /100

Moderate moat

How hard J.B. Hunt's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Net income has been a median 8.9% of total assets over 10 years.

  • Durability 11 / 20

    Operating margin has been a median 7.9%; its worst year was 6.8%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 3.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.9% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 15, 2027, after the close. Analysts expect revenue of $3.7bn and EPS of $2.03 (range $1.92 to $2.17) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.25 +19% $14.0bn +16%
Next $9.85 +36% $15.5bn +11%

Next year's EPS estimate has moved −2.7% in 90 days, across 23 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −7.4% on 90 days ago. In the last 30 days, 0 analysts raised J.B. Hunt's forecast and 20 cut it.

Consensus EPS forecast J.B. Hunt, last 90 days
$7.00 $8.00 $9.00 $10.00 $11.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.82 Current fiscal year, 60 days ago: $7.82 Current fiscal year, 30 days ago: $7.57 Current fiscal year, 7 days ago: $7.26 Current fiscal year, Now: $7.25 $7.25 Next fiscal year, 90 days ago: $10.12 Next fiscal year, 60 days ago: $10.12 Next fiscal year, 30 days ago: $10.02 Next fiscal year, 7 days ago: $9.83 Next fiscal year, Now: $9.85 $9.85

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.82$10.12
60 days ago $7.82$10.12
30 days ago $7.57$10.02
7 days ago $7.26$9.83
Now $7.25$9.85

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.81 $1.82 +0.6%
Jun 2026 $1.74 $1.91 +9.6%
Mar 2026 $1.45 $1.49 +3.1%
Dec 2025 $1.81 $1.90 +4.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 15, 2026
  • full year annual tax rate 2026 full year about 24%
    “We expect our 2026 full year annual tax rate to be approximately 24.0%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows J.B. Hunt's revenue by +10.9% next year and +7.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+13.3%, weight 70%) and the company's own record (+5.5%, weight 30%) . How the weights are set.

Analyst recommendations

24 analysts, Oct 2026
Buy1563%
Hold729%
Sell28%

Monthly trend

  1. Oct 2026312724
  2. Sep 2026312724
  3. Aug 20262128224
  4. Jul 20262128224

Counts of recommendations published by analysts covering J.B. Hunt, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.0%
of tradable shares
Days to cover
2.08
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
20.6%
of shares
Employees
31,750
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +33.6%

$167.49 on October 31, 2025 to $223.80

ThenNowEffect
Revenue (last 12 months) $12.1bn $12.7bn +5.3%
Net margin 4.6% 5.3% +15.7%
P/E multiple 30.4x 31.7x +4.3%
Share count 101m 96m +5.2%

Biggest factor: net margin.

Last 3 years +31.1%

$170.68 on November 3, 2023 to $223.80

ThenNowEffect
Revenue (last 12 months) $13.9bn $12.7bn −8.3%
Net margin 6.2% 5.3% −14.3%
P/E multiple 20.8x 31.7x +52.3%
Share count 105m 96m +9.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JBHT+51%−14%+16%−14%+15%+16%
Industry peers (median)+36%−12%+11%−9%−14%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JBHT67%42%50%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JBHT−14%−29%−20%−29%−33%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from February 15, 2024 to April 16, 2025. Getting back needed a 74% gain, reached on February 3, 2026, 293 days after the low.

Price behaviour

52-week range
$158.04 – $297.91
From 52-week high
−24.9%
vs 50-day average
−7.1%
vs 200-day average
−8.9%
Volatility (1 year)
34%
Beta vs S&P 500
0.80

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±5.9%
After a week
6 up, 6 down
typical move ±5.7%
After a month
7 up, 4 down
typical move ±8.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 15, 2026 −1.5% −0.8% −0.7% —
July 15, 2026 +6.2% −0.1% +4.0% +0.7%
April 15, 2026 +3.8% +1.0% +7.6% +11.1%
January 15, 2026 −0.7% +0.2% +0.5% +8.8%
October 15, 2025 +21.7% −0.2% +20.9% +19.6%
July 15, 2025 −0.5% −0.1% −0.2% −3.9%
April 15, 2025 −9.5% −2.5% −5.4% +7.6%
January 16, 2025 −7.6% +0.8% −8.9% −6.3%
October 15, 2024 +2.7% −0.3% +0.1% +8.1%
July 16, 2024 −3.4% −0.8% −2.6% −3.3%
April 16, 2024 −9.2% −0.8% −9.5% −9.2%
January 18, 2024 +3.7% +2.1% +7.6% +10.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How J.B. Hunt’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

J.B. Hunt in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) J.B. Hunt
$11.5B $12B $12.5B $13B $13.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $12.8B Revenue (TTM), FY24 Q1: $12.5B Revenue (TTM), FY24 Q2: $12.3B Revenue (TTM), FY24 Q3: $12.2B Revenue (TTM), FY24 Q4: $12.1B Revenue (TTM), FY25 Q1: $12.1B Revenue (TTM), FY25 Q2: $12.1B Revenue (TTM), FY25 Q3: $12B Revenue (TTM), FY25 Q4: $12B Revenue (TTM), FY26 Q1: $12.1B Revenue (TTM), FY26 Q2: $12.7B Revenue (TTM), FY26 Q3: $13.3B $13.3B

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $12.8B
FY24 Q1 $12.5B
FY24 Q2 $12.3B
FY24 Q3 $12.2B
FY24 Q4 $12.1B
FY25 Q1 $12.1B
FY25 Q2 $12.1B
FY25 Q3 $12B
FY25 Q4 $12B
FY26 Q1 $12.1B
FY26 Q2 $12.7B
FY26 Q3 $13.3B
Revenue growth, TTM YoY J.B. Hunt
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -13.4% Revenue growth, TTM YoY, FY24 Q1: -13.8% Revenue growth, TTM YoY, FY24 Q2: -10.9% Revenue growth, TTM YoY, FY24 Q3: -7.1% Revenue growth, TTM YoY, FY24 Q4: -5.8% Revenue growth, TTM YoY, FY25 Q1: -3.8% Revenue growth, TTM YoY, FY25 Q2: -2.2% Revenue growth, TTM YoY, FY25 Q3: -1.6% Revenue growth, TTM YoY, FY25 Q4: -0.7% Revenue growth, TTM YoY, FY26 Q1: 0.6% Revenue growth, TTM YoY, FY26 Q2: 5.3% Revenue growth, TTM YoY, FY26 Q3: 10.6% 10.6%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -13.4%
FY24 Q1 -13.8%
FY24 Q2 -10.9%
FY24 Q3 -7.1%
FY24 Q4 -5.8%
FY25 Q1 -3.8%
FY25 Q2 -2.2%
FY25 Q3 -1.6%
FY25 Q4 -0.7%
FY26 Q1 0.6%
FY26 Q2 5.3%
FY26 Q3 10.6%
Operating margin (TTM) J.B. Hunt
6.5% 7% 7.5% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.7% Operating margin (TTM), FY24 Q1: 7.3% Operating margin (TTM), FY24 Q2: 6.8% Operating margin (TTM), FY24 Q3: 6.8% Operating margin (TTM), FY24 Q4: 6.9% Operating margin (TTM), FY25 Q1: 6.8% Operating margin (TTM), FY25 Q2: 6.7% Operating margin (TTM), FY25 Q3: 6.9% Operating margin (TTM), FY25 Q4: 7.2% Operating margin (TTM), FY26 Q1: 7.4% Operating margin (TTM), FY26 Q2: 7.5% Operating margin (TTM), FY26 Q3: 7.2% 7.2%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.7%
FY24 Q1 7.3%
FY24 Q2 6.8%
FY24 Q3 6.8%
FY24 Q4 6.9%
FY25 Q1 6.8%
FY25 Q2 6.7%
FY25 Q3 6.9%
FY25 Q4 7.2%
FY26 Q1 7.4%
FY26 Q2 7.5%
FY26 Q3 7.2%
FCF margin (TTM) J.B. Hunt
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -0.9% FCF margin (TTM), FY24 Q1: 0.9% FCF margin (TTM), FY24 Q2: 1.7% FCF margin (TTM), FY24 Q3: 3.6% FCF margin (TTM), FY24 Q4: 5.1% FCF margin (TTM), FY25 Q1: 4.3% FCF margin (TTM), FY25 Q2: 5.0% FCF margin (TTM), FY25 Q3: 6.6% FCF margin (TTM), FY25 Q4: 7.9% FCF margin (TTM), FY26 Q1: 8.5% FCF margin (TTM), FY26 Q2: 8.7% FCF margin (TTM), FY26 Q3: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -0.9%
FY24 Q1 0.9%
FY24 Q2 1.7%
FY24 Q3 3.6%
FY24 Q4 5.1%
FY25 Q1 4.3%
FY25 Q2 5.0%
FY25 Q3 6.6%
FY25 Q4 7.9%
FY26 Q1 8.5%
FY26 Q2 8.7%
FY26 Q3 7.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar J.B. Hunt took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $12B
  2. Selling, general and admin $282M · 2.3%
  3. Other operating costs $10.9B · 90.4%
  4. Operating income $865M · 7.2%
  5. Income tax $196M · 1.6%
  6. Interest and other $71M · 0.6%
  7. Net income $598M · 5.0%

Shares of revenue. Source: J.B. Hunt's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 3.2 3.8 4.5 5.1 5.6 6.2 6.2 6.6 7.2 8.6 9.2 9.6 12.2 14.8 12.8 12.1 12.0 13.3
EBITDA 0.4 0.5 0.7 0.8 0.8 0.9 1.1 1.1 1.0 1.1 1.2 1.2 1.6 2.0 1.7 1.6 1.6 1.7
Operating income 0.2 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.6 0.7 0.7 0.7 1.0 1.3 1.0 0.8 0.9 1.0
Net income 0.1 0.2 0.3 0.3 0.3 0.4 0.4 0.4 0.7 0.5 0.5 0.5 0.8 1.0 0.7 0.6 0.6 0.7
Diluted EPS $1.05 $1.56 $2.11 $2.59 $2.87 $3.16 $3.66 $3.81 $6.18 $4.43 $4.77 $4.74 $7.14 $9.21 $6.97 $5.56 $6.12 $7.11
Growth (year on year)
Revenue −14.2% +18.4% +19.3% +11.7% +10.5% +10.4% +0.4% +5.9% +9.7% +19.8% +6.4% +5.1% +26.3% +21.7% −13.4% −5.8% −0.7% +10.6%
EBITDA −22.1% +24.6% +20.8% +15.4% +9.3% +11.6% +14.0% +2.6% −6.9% +10.9% +10.4% +0.6% +29.2% +23.3% −12.4% −8.0% −0.8% +7.4%
Operating income −30.8% +40.2% +27.8% +19.4% +8.8% +9.5% +13.3% +0.7% −13.5% +9.2% +7.8% −2.8% +46.6% +27.4% −25.4% −16.3% +4.1% +16.3%
Net income −32.0% +46.3% +28.7% +20.8% +10.3% +9.5% +14.0% +1.1% +58.8% −28.7% +5.5% −2.0% +50.3% +27.4% −24.9% −21.6% +4.8% +18.1%
Diluted EPS −32.7% +48.6% +35.3% +22.7% +10.8% +10.1% +15.8% +4.1% +62.2% −28.3% +7.7% −0.6% +50.6% +29.0% −24.3% −20.2% +10.1% +23.2%
Margins
EBITDA margin 13.6% 14.4% 14.5% 15.0% 14.9% 15.0% 17.1% 16.5% 14.0% 13.0% 13.5% 12.9% 13.2% 13.3% 13.5% 13.2% 13.2% 12.6%
Operating margin 7.7% 9.2% 9.8% 10.5% 10.3% 10.2% 11.6% 11.0% 8.7% 7.9% 8.0% 7.4% 8.6% 9.0% 7.7% 6.9% 7.2% 7.2%
Net margin 4.3% 5.3% 5.7% 6.1% 6.1% 6.1% 6.9% 6.6% 9.5% 5.7% 5.6% 5.3% 6.3% 6.5% 5.7% 4.7% 5.0% 5.1%
Free-cash-flow margin 0.1% 4.4% 2.9% 2.1% 1.4% −2.6% 2.4% 3.3% 4.6% 1.1% 2.7% 4.0% 2.3% 1.6% −0.9% 5.1% 7.9% 7.3%
Cash flow
Cash from operations 0.4 0.4 0.6 0.5 0.6 0.6 0.9 0.9 0.9 1.1 1.1 1.1 1.2 1.8 1.7 1.5 1.7 1.5
Capital spending 0.4 0.3 0.5 0.4 0.5 0.8 0.7 0.6 0.5 1.0 0.9 0.7 0.9 1.5 1.9 0.9 0.7 0.5
Free cash flow 0.0 0.2 0.1 0.1 0.1 −0.2 0.1 0.2 0.3 0.1 0.2 0.4 0.3 0.2 −0.1 0.6 0.9 1.0
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay −0.0 0.1 0.1 0.1 0.0 −0.2 0.1 0.2 0.3 0.0 0.2 0.3 0.2 0.2 −0.2 0.6 0.9 0.9
Balance sheet
Cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 0.1 0.1 0.0 0.0 0.0
Total debt 0.6 0.7 0.7 0.7 0.7 0.9 1.0 1.0 1.1 1.1 1.3 1.3 1.3 1.3 1.6 1.5 1.5 1.1
Net debt (negative = net cash) 0.6 0.6 0.7 0.7 0.7 0.9 1.0 1.0 1.1 1.1 1.3 1.0 0.9 1.2 1.5 1.4 1.4 1.1
Diluted shares 129m 128m 122m 120m 119m 118m 117m 113m 111m 110m 108m 107m 107m 105m 104m 103m 98m 95m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2
Buybacks — 0.3 0.2 0.1 0.1 0.1 0.3 0.2 0.2 0.2 0.3 0.1 0.2 0.3 0.2 0.5 0.9 0.5
Total returned 0.1 0.3 0.3 0.1 0.2 0.2 0.4 0.3 0.3 0.3 0.4 0.2 0.3 0.5 0.3 0.7 1.1 0.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · September 30, 2026
What it owns · $8.1bn
Short-term assets $1.9bnLonger-term assets $6.1bn
What it owes, and who funded it · $5.2bn
Short-term liabilities $1.6bnShareholders' equity $3.6bn
  • Short-term assets cover short-term liabilities $1.9bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $4m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 29% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.5bn of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $960m against $68m of interest.

From J.B. Hunt's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$492M
Dividends (TTM)
$169M
Returned to shareholders
68%
of free cash flow
Buybacks, last 3 fiscal years
$1.6B
Diluted share count
−4.2%
year over year
Total shareholder yield
3.1%
dividends 0.8% + buybacks 2.3% of market value
Dividend payout ratio
25%
of net income paid out
Days sales outstanding
44 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in cargo ground transportation
Last 12 months unless stated JBHT R XPO KNX TFII SNDR Median
Revenue, last 12 months $13.3bn $13.1bn $8.8bn $8.0bn $7.9bn $6.0bn $3.5bn
Revenue growth, last 12 months 10.6% 3.2% 9.5% 7.0% −6.1% 6.0% 7.0%
Revenue growth, 3-year average 0.4% 3.4% 5.0% 4.8% — 1.5% −0.8%
Revenue growth, latest quarter 20.4% 8.3% 12.4% 14.2% — 9.2% 10.4%
Gross margin — — 18.6% — — 57.9% 18.6%
Operating margin 7.2% — 9.9% 4.2% 7.2% 3.4% 3.2%
Operating margin, 3-year average 6.9% — 8.6% 3.4% — 3.1% 3.4%
Net margin 5.1% 4.0% 5.7% 1.9% 3.9% 2.4% 3.0%
Cash from operations / revenue 11.2% 20.9% 12.8% 19.0% 12.4% 9.9% 9.9%
Free-cash-flow margin 7.3% 7.3% 7.4% 9.6% 8.9% 4.3% 3.0%
Free-cash-flow margin, 3-year average 5.8% 0.9% 0.2% 3.8% — 4.2% 0.9%
Stock pay / revenue 0.5% 0.3% 0.9% 0.3% 0.2% 0.3% 0.3%
Change in share count −4.2% −6.9% −1.5% 0.4% −2.1% 0.1% −1.5%

Median of all 19 companies we cover in cargo ground transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

19 cargo ground transportation companies
Measure Company Peer median Rank
Revenue growth Growth 10.6% 7.0% 5 of 19
Change in growth rate Growth +5.3pp +3.0pp 7 of 19
Operating margin Profitability 7.2% 3.4% 5 of 18
Net margin Profitability 5.1% 3.0% 6 of 18
Free-cash-flow margin Cash generation 7.3% 3.0% 7 of 19
Stock pay as % of revenue Cash generation 0.5% 0.3% 14 of 15
Long-term debt as % of assets Balance sheet 13.9% 11.5% 10 of 17
Change in share count Balance sheet -4.2% -1.5% 3 of 18
Days sales outstanding Balance sheet 44 days 49 days 7 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Service Excluding Fuel Surcharge $10.5B 87.7% ▼ 0.3%
Fuel Surcharge $1.5B 12.3% ▼ 3.5%

From J.B. Hunt's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$20.9B
Institutions reporting
853
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
147 / 60

Top buyers and sellers, Q2 2026: 502 institutions bought and 292 sold ; the biggest buyer was UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC (+415K shares) and the biggest seller Citadel Advisors LLC (−544K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.8B 6.3M 8.8% ▲ 4.6%
Vanguard Capital Management LLC $1.4B 4.9M 6.8% ▲ 0.2%
AQR Capital Management LLC $1.2B 4.2M 5.7% ▲ 2.6%
State Street Corp $1.2B 4.0M 5.5% ▲ 5.0%
Vanguard Portfolio Management LLC $1.1B 3.8M 5.3% 0.0%
Jupiter Topco LLC $891M 3.1M 4.3% —
Geode Capital Management, LLC $600M 2.1M 2.9% ▼ 0.9%
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main $597M 2.1M 2.9% ▼ 18.4%
Morgan Stanley $544M 1.9M 2.6% 0.0%
Invesco Ltd. $497M 1.7M 2.4% ▲ 23.5%
Jpmorgan Chase & Co $415M 1.4M 2.0% ▼ 5.9%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $306M 1.1M 1.5% ▲ 64.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not J.B. Hunt's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $2,086 1 trade by 1 insider, last 12 months Insider sales History → $12.7M 23 trades by 12 insiders · 0% under pre-set plans
Net ▼ $12.7M net selling
Insider Date Trade Shares Price Value
Webb Brian EVP- Final Mile Services June 5, 2026 Sell 1,500 $284.01 $426,015
Keefauver David EVP of People June 5, 2026 Sell 703 $285.13 $200,444
Frazier Spencer EVP of Sales and Marketing May 19, 2026 Sell 2,000 $258.20 $516,406
Hicks Bradley W. President of DCS May 15, 2026 Sell 7,644 $261.91 $2M
Field Darren P. EVP and President Intermodal May 14, 2026 Sell 4,000 $254.49 $1M
Hobbs Nicholas EVP and COO April 22, 2026 Sell 1,272 $250.75 $318,953
Thompson James K Director April 21, 2026 Sell 1,000 $254.28 $254,275
Boattini Jennifer SR VP Legal/General Counsel February 27, 2026 Sell 2,238 $232.00 $519,216
Thompson James K Director February 11, 2026 Sell 2,300 $230.75 $530,722
Delco Albert Brad EVP & CFO February 6, 2026 Sell 1,000 $227.25 $227,250
Hicks Bradley W. President of DCS February 4, 2026 Sell 4,028 $225.13 $906,829
Kuhlow John Chief Accounting Officer February 4, 2026 Sell 1,000 $225.68 $225,675

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in J.B. Hunt disclosed in the last 12 months; 1 earlier trade on record.

  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 1, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 14, 2027 estimated from the company's past filing pattern, not announced

  • October 15, 2026
  • July 15, 2026
  • April 15, 2026
  • January 15, 2026
  • October 15, 2025
  • July 15, 2025

Recent SEC filings

Data status

When each part of this page on J.B. Hunt was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

J.B. Hunt in brief

What does J.B. Hunt do?
J.B. Hunt is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.
What is J.B. Hunt's stock ticker?
J.B. Hunt trades under the ticker JBHT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is J.B. Hunt's revenue, and how fast is it growing?
Over its most recent trailing twelve months, J.B. Hunt reported revenue of $13.3B, 10.6% higher than a year earlier, according to its SEC filings.
What is J.B. Hunt's free cash flow?
J.B. Hunt's free-cash-flow margin is 7.3% of revenue over the trailing twelve months, ranking 7 of the 19 cargo ground transportation companies we cover.
What is J.B. Hunt's fair value (intrinsic value) per share?
Our discounted-cash-flow model of J.B. Hunt's free cash flow after stock-based pay gives ~$170 per share in the base case, and ~$120–$220 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are J.B. Hunt's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is J.B. Hunt buying back stock, and does it pay a dividend?
J.B. Hunt spent $492M on share repurchases over the trailing twelve months, and its diluted share count fell 4.2% over the year.
What is J.B. Hunt's market cap?
On November 2, 2026, J.B. Hunt's market capitalisation was about $21.3B, with a price-to-earnings ratio of 31.5 and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
Does J.B. Hunt pay a dividend?
Yes: J.B. Hunt paid $169M in dividends over the trailing twelve months, a dividend yield of 0.80% and a payout ratio of 25.0%.
How much debt does J.B. Hunt have?
J.B. Hunt's debt-to-equity ratio is 30.9%, from its latest balance sheet (29.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are J.B. Hunt's competitors?
In our Cargo Ground Transportation peer group, the companies closest to J.B. Hunt are Ryder System Inc, XPO, Inc., Knight-swift Transportation Holdings Inc., TFI International Inc. and Schneider National, Inc. The side-by-side comparison below sets their revenue, margins and growth against J.B. Hunt's.
Are insiders buying or selling J.B. Hunt stock?
Over the last 12 months, J.B. Hunt's directors and officers reported 1 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is J.B. Hunt's next earnings date?
Around January 15, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — J.B. Hunt announces its own schedule.