← Filings of JBHT
Tables in the 10-K of HUNT J B TRANSPORT SERVICES INC
37 tables with numbers, filed Feb 24, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Page |
| PART I | | |
| Item 1. | Business | 2 |
| Item 1A. | Risk Factors | 8 |
| Item 1B. | Unresolved Staff Comments | 12 |
| Item 1C. | Cybersecurity | 12 |
| Item 2. | Properties | 14 |
| Item 3. | Legal Proceedings | 15 |
First 8 of 28 rows. The CSV has all of them.
Table 2 after “A summary of our principal facilities in locations throughout the U.S. follows:”
Download CSV
| Type | Acreage | | Maintenance Shop/ Cross-dock Facility (square feet) | | Office Space (square feet) | |
| Maintenance and support facilities | | 662 | | 1,317,966 | | 278,413 |
| Cross-dock and delivery system facilities | | 94 | | 3,437,616 | | 126,552 |
| Corporate headquarters campus, Lowell, Arkansas | | 218 | | - | | 704,059 |
| Branch sales offices | | - | | - | | 110,312 |
| Other facilities, offices, and parking yards | | 671 | | 541,495 | | 234,318 |
Table 3 after “The following table summarizes purchases of our common stock during the three months ended December 31, 2025:”
Download CSV
| Period | Total Number of Common Shares Purchased | | Average Price Paid Per Common Share Purchased | | | Total Number of Shares Purchased as Part of a Publicly Announced Plan (1) | | Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Plan (in millions) (1) | | |
| October 1 through October 31, 2025 | | 215,115 | | $167.49 | | | 215,115 | | $1,070 | |
| November 1 through November 30, 2025 | | 627,757 | | | 165.51 | | | 627,757 | | 968 |
| December 1 through December 31, 2025 | | - | | | - | | | - | | 968 |
| Total | | 842,872 | | $166.02 | | | 842,872 | | $968 | |
Table 4 after “The following graph compares the cumulative 5-year total return of shareholders of our common stock with the cumulative total returns of the”
Download CSV
| Years Ended December 31, | | | | | | | | | | |
| 2020 | | 2021 | | 2022 | 2023 | 2024 | | 2025 | | |
| J.B. Hunt Transport Services, Inc. | $100.00 | | $150.63 | | $129.65 | $149.87 | $129.26 | | $148.91 | | |
| S&P 500 | | 100.00 | | 128.71 | | 105.40 | | 133.10 | | 166.40 | 196.16 |
| Nasdaq Transportation | | 100.00 | | 113.28 | | 91.78 | | 123.12 | | 125.85 | 138.77 |
| 2024 Peer Group | | 100.00 | | 132.85 | | 114.23 | | 136.40 | | 140.00 | 154.19 |
| 2025 Peer Group | | 100.00 | | 133.25 | | 115.77 | | 140.98 | | 146.86 | 162.46 |
Table 5 after “The following table sets forth items in our Consolidated Statements of Earnings as a percentage of operating revenues and the percentage inc”
Download CSV
| Percentage of Operating Revenues | | Percentage Change Between Years | | |
| 2025 | | 2024 | | |
| Operating revenues | | 100.0% | | 100.0% | (0.7)% |
| Operating expenses: | | | | | |
| Rents and purchased transportation | | 44.2 | | 44.5 | (1.3) |
| Salaries, wages and employee benefits | | 27.0 | | 26.7 | 0.1 |
| Depreciation and amortization | | 6.0 | | 6.3 | (6.1) |
| Fuel and fuel taxes | | 5.3 | | 5.4 | (2.9) |
First 8 of 19 rows. The CSV has all of them.
Table 6 after “We operated five business segments during 2025. The operation of each of these businesses is described in our Notes to Consolidated Financia”
Download CSV
| Operating Revenue by Segment | | | |
| Years Ended December 31, (in millions) | | | |
| 2025 | | 2024 | |
| JBI | $5,975 | | $5,956 | |
| DCS | | 3,376 | | 3,396 |
| ICS | | 1,109 | | 1,141 |
| FMS | | 824 | | 910 |
| JBT | | 734 | | 702 |
First 8 of 11 rows. The CSV has all of them.
Table 7 after “We operated five business segments during 2025. The operation of each of these businesses is described in our Notes to Consolidated Financia”
Download CSV
| Operating Income by Segment | | | |
| Years Ended December 31, (in millions) | | | |
| 2025 | | 2024 | |
| JBI | $450 | | $430 | |
| DCS | | 377 | | 376 |
| ICS | | (10) | | (56) |
| FMS | | 27 | | 60 |
| JBT | | 21 | | 21 |
First 8 of 9 rows. The CSV has all of them.
| Years Ended December 31, | | | |
| 2025 | | 2024 | |
| JBI | | | | |
| Loads | | 2,138,191 | | 2,090,732 |
| Average length of haul (miles) | | 1,643 | | 1,692 |
| Revenue per load | $2,795 | | $2,849 | |
| Average tractors during the period(1) | | 6,350 | | 6,368 |
| Tractors (end of period) | | 6,188 | | 6,502 |
First 8 of 38 rows. The CSV has all of them.
Table 9 after “The following table summarizes, as of December 31, 2025, information about compensation plans under which equity securities of the Company a”
Download CSV
| Plan Category(1) | Number of Securities To Be Issued Upon Exercise of Outstanding Options, Warrants, and Rights | Weighted- average Exercise Price of Outstanding Options, Warrants, and Rights | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (A)) |
| (A) | (B) | (C) |
| Equity compensation plans approved by security holders | 1,022,533 | $- (2) | 3,142,353 |
Table 10 after “ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES”
Download CSV
| Allowance for Doubtful Accounts and Other Receivables for the Years Ended: | Balance at Beginning of Year | | Charged to Expense | | Write-Offs, Net of Recoveries | Balance at End of Year | |
| December 31, 2023 | | 22.3 | | 9.0 | | (6.7) | 24.6 |
| December 31, 2024 | | 24.6 | | 11.8 | | (4.0) | 32.4 |
| December 31, 2025 | | 32.4 | | 5.7 | | (7.6) | 30.5 |
| Exhibit Number | Description |
| 3.1 | Amended and Restated Articles of Incorporation of J.B. Hunt Transport Services, Inc. dated May 19, 1988 (incorporated by reference from Exhibit 3.1 of the Company’s quarterly report on Form 10-Q for the period ended March 31, 2005, filed April 29, 2005) |
| 3.2 | Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc. dated October 21, 2021 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed October 27, 2021) |
| 3.3 | Amendment No. 1 to the Second Amended and Restated Bylaws J.B. Hunt Transport Services, Inc., dated July 20, 2022 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K filed July 26, 2022) |
| 3.4 | Amendment No. 2 to the Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc. dated January 19, 2023 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed January 24, 2023) |
| 3.5 | Amendment No. 3 to the Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc., dated October 19, 2023 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed October 24, 2023) |
| 4.1 | Description of Capital Stock of J.B. Hunt Transport Services, Inc. |
| 4.2 | Indenture (incorporated by reference from Exhibit 4.1 of the Company’s registration statement on Form S-3ASR (File No. 333-169365), filed September 14, 2010) |
First 8 of 19 rows. The CSV has all of them.
| 23.1 | Consent of PricewaterhouseCoopers LLP |
| 24.1 | Powers of Attorney of Members of J.B. Hunt Transport Services, Inc. Board of Directors |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification |
| 32.1 | Section 1350 Certification |
| 97.1 | Policy relating to recovery of erroneously awarded compensation, as required by applicable listing standards adopted pursuant to 17 C.F.R. 240.10D-1 (incorporated by reference from Exhibit 97.1 of the Company’s annual report on Form 10-K for the year ended December 31, 2024, filed February 21, 2025) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
First 8 of 13 rows. The CSV has all of them.
Table 13 after “INDEX TO CONSOLIDATED FINANCIAL INFORMATION”
Download CSV
| | PAGE |
| Management’s Report on Internal Control Over Financial Reporting | 34 | |
| Report of Independent Registered Public Accounting Firm (PCAOB ID Number 238) | 35 | |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 37 | |
| Consolidated Statements of Earnings for years ended December 31, 2025, 2024, and 2023 | 38 | |
| Consolidated Statements of Shareholders’ Equity for years ended December 31, 2025, 2024, and 2023 | 39 | |
| Consolidated Statements of Cash Flows for years ended December 31, 2025, 2024, and 2023 | 40 | |
| Notes to Consolidated Financial Statements | 41 | |
| Assets | 2025 | | 2024 | |
| Current assets: | | | | |
| Cash and cash equivalents | $17,284 | | $46,983 | |
| Trade accounts receivable, net | | 1,160,371 | | 1,224,166 |
| Other receivables | | 199,767 | | 257,774 |
| Inventories | | 42,209 | | 41,662 |
| Prepaid expenses and other current assets | | 184,559 | | 200,398 |
| Total current assets | | 1,604,190 | | 1,770,983 |
First 8 of 42 rows. The CSV has all of them.
| 2025 | | 2024 | | 2023 | |
| Operating revenues, excluding fuel surcharge revenues | $10,523,422 | | $10,557,709 | | $10,978,387 | |
| Fuel surcharge revenues | | 1,475,674 | | 1,529,495 | | 1,851,278 |
| Total operating revenues | | 11,999,096 | | 12,087,204 | | 12,829,665 |
| Operating expenses: | | | | | | |
| Rents and purchased transportation | | 5,306,405 | | 5,378,336 | | 5,872,591 |
| Salaries, wages and employee benefits | | 3,236,319 | | 3,232,440 | | 3,257,484 |
| Depreciation and amortization | | 714,785 | | 761,141 | | 737,954 |
First 8 of 25 rows. The CSV has all of them.
| | | | Additional | | | | | | |
| Common | | Paid-in | | | Retained | Treasury | Shareholders’ | | |
| Stock | | Capital | | | Earnings | Stock | Equity | | |
| Balances at December 31, 2022 | $1,671 | | $499,897 | | | $6,423,730 | $(3,258,530) | $3,666,768 | | |
| Comprehensive income: | | | | | | | | | | |
| Net earnings | | - | | | - | | 728,287 | | - | 728,287 |
| Cash dividend declared and paid ($1.68 per share) | | - | | | - | | (173,898) | | - | (173,898) |
| Purchase of treasury shares | | - | | | - | | - | | (159,576) | (159,576) |
First 8 of 25 rows. The CSV has all of them.
| 2025 | | 2024 | | 2023 | |
| Cash flows from operating activities: | | | | | | |
| Net earnings | $598,282 | | $570,886 | | $728,287 | |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | | | | | | |
| Depreciation and amortization | | 714,785 | | 761,141 | | 737,954 |
| Noncash lease expense | | 96,007 | | 100,178 | | 97,666 |
| Share-based compensation | | 71,753 | | 65,686 | | 79,189 |
| Loss on sale of revenue equipment and other | | 13,739 | | 14,557 | | 27,806 |
First 8 of 41 rows. The CSV has all of them.
Table 18 after “We compute basic earnings per share by dividing net earnings available to common shareholders by the actual weighted average number of commo”
Download CSV
| Years ended December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| Weighted average shares outstanding – basic | | 97,090 | | 101,947 | | 103,440 |
| Effect of common stock equivalents | | 598 | | 807 | | 1,011 |
| Weighted average shares outstanding – diluted | | 97,688 | | 102,754 | | 104,451 |
Table 19 after “Outstanding borrowings, net of unamortized discount and unamortized debt issuance cost under our current financing arrangements consist of t”
Download CSV
| December 31, | | | |
| 2025 | | 2024 | |
| Senior credit facility | $23.6 | | $778.7 | |
| Senior notes | | 1,443.2 | | 699.0 |
| Less current portion of long-term debt | | (699.9) | | (500.0) |
| Total long-term debt | $766.9 | | $977.7 | |
Table 20 after “We account for our restricted share units and performance share units in accordance with current accounting standards for share-based paymen”
Download CSV
| Years ended December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| Restricted share units | | | | | | |
| Pretax compensation expense | $55,177 | | $49,172 | | $56,837 | |
| Tax benefit | | 13,607 | | 12,214 | | 12,561 |
| Restricted share units, net of tax | $41,570 | | $36,958 | | $44,276 | |
| Performance share units | | | | | | |
| Pretax compensation expense | $16,576 | | $16,514 | | $22,352 | |
First 8 of 10 rows. The CSV has all of them.
Table 21 after “A summary of our restricted share units and performance share units is as follows:”
Download CSV
| Restricted Share Units | Number of Shares | | Weighted Average Grant Date Fair Value | | |
| Unvested at December 31, 2024 | | 737,237 | | $163.83 | |
| Granted | | 344,140 | | | 162.66 |
| Vested | | (372,223) | | | 157.29 |
| Forfeited | | (24,147) | | | 181.65 |
| Unvested at December 31, 2025 | | 685,007 | | $166.14 | |
Table 22 after “A summary of our restricted share units and performance share units is as follows:”
Download CSV
| Performance Share Units | Number of Shares | | Weighted Average Grant Date Fair Value | | |
| Unvested at December 31, 2024 | | 352,291 | | $179.14 | |
| Granted | | 104,360 | | | 164.79 |
| Vested | | (84,001) | | | 172.53 |
| Forfeited | | (35,124) | | | 188.22 |
| Unvested at December 31, 2025 | | 337,526 | | $175.40 | |
Table 23 after “Income before provision for income taxes was as follows:”
Download CSV
| Years ended December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| United States | $772,284 | | $742,432 | | $929,054 | |
| Foreign | | 21,828 | | 17,084 | | 5,833 |
| Income before income taxes | $794,112 | | $759,516 | | $934,887 | |
Table 24 after “Income tax expense attributable to earnings before income taxes consists of (in thousands):”
Download CSV
| Years ended December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| Current: | | | | | | |
| Federal | $170,563 | | $244,770 | | $106,004 | |
| State and local | | 7,384 | | 25,328 | | 35,030 |
| Foreign | | 5,827 | | 8,380 | | - |
| | 183,774 | | 278,478 | | 141,034 |
| Deferred: | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 25 after “% for the following reasons (in thousands):”
Download CSV
| Years ended December 31, | | | | | | | | | | | | | | | | |
| 2025 | | | 2024 | | | 2023 | | | | | | | | | | |
| Amount | | % | | | | Amount | | % | | | Amount | | % | | | |
| U.S. federal statutory rate | $166,764 | | | | 21.0% | | | $159,498 | | | 21.0% | | | $196,326 | | 21.0% | |
| State tax, net of federal effect* | | 32,159 | | | | 4.1 | | | | 31,114 | | | 4.1 | | 37,594 | | 4.0 |
| Foreign tax Effects | | - | | | | - | | | | 5,895 | | | 0.8 | | (1,002) | | (0.1) |
| Tax credits | | (10,043) | | | | (1.3) | | | | (1,754) | | | (0.2) | | (3,829) | | (0.4) |
| Nontaxable or nondeductible items: | | | | | | | | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 26 after “million at December 31, 2025 and 2024, respectively. These amounts have been included in other receivables in our Consolidated Balance Sheet”
Download CSV
| December 31, | | | |
| 2025 | | 2024 | |
| Deferred tax assets: | | | | |
| Insurance accruals | $83,380 | | $69,168 | |
| Allowance for doubtful accounts | | 12,149 | | 12,584 |
| Compensation accrual | | 15,881 | | 9,882 |
| Deferred compensation accrual | | 24,484 | | 26,805 |
| Federal benefit of state uncertain tax positions | | 16,377 | | 17,693 |
First 8 of 20 rows. The CSV has all of them.
Table 27 after “The amounts of cash income taxes paid by the Company were as follows:”
Download CSV
| Years Ended December 31, | | | | | | |
| | 2025 | | 2024 | | 2023 | |
| Federal | | $101,890 | | $275,594 | | $97,386 | |
| State and local: | | | | | | | |
| California | | | 1,903 | | 2,068 | | 7,037 |
| Illinois | | | 4,848 | | 8,697 | | 14,565 |
| Other | | | 9,099 | | 14,289 | | 14,549 |
| Total State and local | | | 15,850 | | 25,054 | | 36,151 |
First 8 of 10 rows. The CSV has all of them.
Table 28 after “Guidance on accounting for uncertainty in income taxes prescribes recognition and measurement criteria and requires that we assess whether t”
Download CSV
| December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| Beginning balance | $78.0 | | $80.9 | | $89.1 | |
| Additions based on tax positions related to the current year | | 11.5 | | 13.3 | | 16.2 |
| Additions/(reductions) based on tax positions taken in prior years | | (4.7) | | (2.9) | | 0.5 |
| Reductions due to settlements | | (2.7) | | (1.4) | | (14.6) |
| Reductions due to lapse of applicable statute of limitations | | (14.4) | | (11.9) | | (10.3) |
| Ending balance | $67.7 | | $78.0 | | $80.9 | |
Table 29 after “Our assets and liabilities measured at fair value are based on valuation techniques which consider prices and other relevant information gen”
Download CSV
| Asset/(Liability) Balance | | | |
| December 31, | | | |
| 2025 | 2024 | Input Level | |
| Trading investments | $36.3 | $33.9 | | 1 |
Table 30 after “As of December 31, 2025, we had various obligations remaining under operating lease arrangements related primarily to the rental of maintena”
Download CSV
| Asset/(Liability) Balance | | | |
| December 31, | | | |
| 2025 | | 2024 | |
| Right-of-use assets | $249.3 | | $308.2 | |
| Lease liabilities, current | | (85.6) | | (98.1) |
| Lease liabilities, long-term | | (168.1) | | (214.0) |
Table 31 after “%, respectively. Future minimum lease payments under these operating leases as of December 31, 2025, are as follows (in millions):”
Download CSV
| 2026 | $87.6 | |
| 2027 | | 65.7 |
| 2028 | | 43.5 |
| 2029 | | 27.8 |
| 2030 | | 18.6 |
| Thereafter | | 35.5 |
| Total lease payments | | 278.7 |
| Less interest | | (25.0) |
First 8 of 9 rows. The CSV has all of them.
Table 32 after “impairment losses have been recorded for goodwill as of December 31, 2025. Our intangible assets consisted of those arising from previous bu”
Download CSV
| | | | | | | Weighted Average | |
| December 31, | | Amortization | | | | | |
| 2025 | | 2024 | | Period | | | |
| Finite-lived intangibles: | | | | | | | | |
| Customer relationships | $189.8 | | $189.8 | | | 10.7 | | |
| Non-competition agreements | | 9.7 | | 10.6 | | | | 6.0 |
| Trade names | | - | | - | | | | |
| Total finite-lived intangibles | | 199.5 | | 200.4 | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 33 after “Our customers are geographically dispersed across the United States. A summary of certain segment information is presented below (in million”
Download CSV
| Assets (Excludes intercompany accounts) December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| JBI | $3,324 | | $3,507 | | $3,391 | |
| DCS | | 2,070 | | 2,195 | | 2,355 |
| ICS | | 286 | | 288 | | 350 |
| FMS | | 485 | | 544 | | 634 |
| JBT | | 364 | | 389 | | 419 |
| Total segment assets | | 6,529 | | 6,923 | | 7,149 |
First 8 of 10 rows. The CSV has all of them.
| Net Capital Expenditures (1) For The Twelve Months Ended December 31, | | | | | |
| 2025 | | 2024 | | 2023 | |
| JBI | $163 | | $322 | | $536 | |
| DCS | | 228 | | 153 | | 716 |
| ICS | | 1 | | 20 | | 2 |
| FMS | | 10 | | 15 | | 36 |
| JBT | | 1 | | 14 | | 30 |
| Total segment net capital expenditures | | 403 | | 524 | | 1,320 |
First 8 of 10 rows. The CSV has all of them.
| Revenues and Operating Income/(Loss) | | | | | | | | | | | | |
| For The Year ended December 31, 2025 | | | | | | | | | | | | |
| JBI | | DCS | | ICS | FMS | JBT | | Intersegment Eliminations | | Consolidated | | |
| Total operating revenues | $5,975 | | $3,376 | | $1,109 | $824 | $734 | | $(19) | | $11,999 | | |
| Operating expenses: | | | | | | | | | | | | | |
| Rents, purchased transportation, and fuel | | 3,716 | | 430 | | 958 | | 306 | | 547 | | | |
| Salaries, wages and employee benefits | | 877 | | 1,531 | | 67 | | 286 | | 41 | | | |
| Depreciation and amortization | | 247 | | 317 | | 8 | | 45 | | 26 | | | |
First 8 of 14 rows. The CSV has all of them.
| Revenues and Operating Income/(Loss) | | | | | | | | | | | | |
| For The Year ended December 31, 2024 | | | | | | | | | | | | |
| JBI | | DCS | | ICS | FMS | JBT | | Intersegment Eliminations | | Consolidated | | |
| Total operating revenues | $5,956 | | $3,396 | | $1,141 | $910 | $702 | | $(18) | | $12,087 | | |
| Operating expenses: | | | | | | | | | | | | | |
| Rents, purchased transportation, and fuel | | 3,791 | | 451 | | 967 | | 330 | | 509 | | | |
| Salaries, wages and employee benefits | | 844 | | 1,528 | | 79 | | 310 | | 43 | | | |
| Depreciation and amortization | | 249 | | 330 | | 35 | | 46 | | 36 | | | |
First 8 of 14 rows. The CSV has all of them.
| Revenues and Operating Income/(Loss) | | | | | | | | | | | | |
| For The Year ended December 31, 2023 | | | | | | | | | | | | |
| JBI | | DCS | | ICS | FMS | JBT | | Intersegment Eliminations | | Consolidated | | |
| Total operating revenues | $6,208 | | $3,543 | | $1,390 | $918 | $789 | | $(18) | | $12,830 | | |
| Operating expenses: | | | | | | | | | | | | | |
| Rents, purchased transportation, and fuel | | 3,986 | | 538 | | 1,225 | | 319 | | 574 | | | |
| Salaries, wages and employee benefits | | 808 | | 1,552 | | 87 | | 325 | | 50 | | | |
| Depreciation and amortization | | 256 | | 327 | | 6 | | 48 | | 44 | | | |
First 8 of 14 rows. The CSV has all of them.