JBHTJ.B. Hunt

Industrials · Trucking · Nasdaq

We are one of the largest surface transportation, delivery, and logistics companies in North America. 10-K, Item 1

Employees: 31,750
Headquarters: Lowell, AR
CEO: Shelley Simpson
Next results: around Jan 14, 2027

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	7.09	Sales (ttm)	13.3B	Net income (ttm)	676.1M	Sales growth	-0.7%	EPS growth	+10.1%	Sales Q/Q	+20.4%
Free cash flow	966.5M	Gross margin	-	Oper. margin	7.2%	Net margin	5.1%	FCF margin	7.3%	ROE	18.6%
ROA	8.4%	R&D / sales	-	Dividend	1.76	Debt/Eq	0.31	Curr. ratio	1.23	Cash	3.8M
Op. cash flow (ttm)	1.5B	EBITDA	1.6B	EBITDA margin	13.2%	Net debt	1.1B	Quick ratio	1.20	Interest cover	11.50
ROIC	13.7%	Payout ratio	28.8%	Tax rate	24.7%	Stock pay / sales	0.6%	Shares out.	93.2M	Shares Y/Y	-4.9%
Book / share	38.98	Cash / share	0.04	Sales / share	142.95	Asset turnover	1.65	Days sales out.	35	Sales 3Y CAGR	-6.8%
Sales 5Y CAGR	+4.5%	EPS 3Y CAGR	-12.7%	EPS 5Y CAGR	+5.2%	Employees	31,750	Sales / employee	420K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Debt rose 50%$977.7M → $1.5B · Short-term + long-term debt at year end
Free cash flow rose 53%$617.8M → $947.6M · Cash from operations − capital expenditure · 10-K ↗
Revenue growth sped up to -0.7%-5.8% → -0.7% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗

What management wrote about it → · Every company →

JBHT against Industrials peers

Ten years, side by side → · All 83 →

JBHTPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth

-0.7%69th of 82 · median +4.8%

Net margin

5.1%74th of 82 · median 13.0%

Return on equity

18.6%44th of 77 · median 24.9%

Free cash flow margin

7.3%64th of 79 · median 13.0%

Debt / equity (less is better)

0.319th of 72 · median 0.72

JBHT and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
JBHT J.B. Hunt	$13.3B	-0.7%	-	5.1%	18.6%	7.3%	0.31
HII Huntington Ingalls Industries	$13.5B	+8.2%	-	5.4%	13.3%	2.4%	0.49
EXPD Expeditors International	$13.2B	+4.4%	-	7.9%	44.5%	7.0%	-
VRT Vertiv	$13.1B	+27.7%	38.1%	16.0%	38.1%	24.0%	0.53
NSC Norfolk Southern	$13.0B	+0.5%	-	20.7%	16.0%	12.7%	0.99
FIX Comfort Systems USA	$12.5B	+29.5%	25.6%	13.0%	48.9%	19.5%	0.01

Profitability

2 of 3

!
Net margin below the peer median5.1% vs 13.0%
✓
Return on equity above 15%18.6%
✓
A profit in every one of 10 years

Net margin, FY2016 to FY2025: 6.6% → 5.0%

Balance sheet

4 of 4

✓
Interest covered more than 5 timesOperating income is 11.5× interest expense
✓
Debt smaller than equityDebt / equity 0.31 on the latest balance sheet (peer median 0.72)
✓
Current assets cover current liabilitiesCurrent ratio 1.23
✓
Net debt under 3 years of free cash flow$1.1B net debt, 1.2 years

Debt / equity at each year end, FY2016 to FY2025: 0.70 → 0.41

What the debt is made of ↓

Cash and shareholders

3 of 4

!
Free cash flow positive in 9 of 10 years$947.6M last year
✓
Share count down over 5 years−8.5%
✓
Dividend per share up over 5 years$1.08 → $1.76
✓
Cash from operations above net income$1.7B vs $598.3M

Free cash flow, FY2016 to FY2025: 215.7M → 947.6M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Sep 30, 2026 · schedule of Dec 31, 2025

The debt note's own lines, 2025-12-31

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
Senior Notes	Notes and bonds	–	not stated	$1.4B

From the debt note in the 10-K's XBRL (0001437749-26-005294), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 12.0B Net income 598.3M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $12.0B of revenue came from

by product, year to Dec 31, 2025

Service Excluding Fuel Surcharge $10.5B · 88%
Fuel Surcharge $1.5B · 12%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

JBHT's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue12.0B

Net income598.3M

Free cash flow947.6M

EPS (diluted)6.12

Dividend per share1.76

Diluted shares97.7M

Revenue by business segment

year to Dec 31, 2025

	Revenue	Share	vs year before
JBI	6.0B	49.8%	+0.3%
DCS	3.4B	28.1%	-0.6%
ICS	1.1B	9.2%	-2.8%
FMS	824.0M	6.9%	-9.5%
JBT	734.0M	6.1%	+4.6%

10-K 0001437749-26-005294, segment and revenue notes (XBRL).

Revenue by product or service

year to Dec 31, 2025

	Revenue	Share	vs year before
Service Excluding Fuel Surcharge	10.5B	87.7%	-0.3%
Fuel Surcharge	1.5B	12.3%	-3.5%

10-K 0001437749-26-005294, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	6.6B	7.2B	8.6B	9.2B	9.6B	12.2B	14.8B	12.8B	12.1B	12.0B
SG&A	87.1M	125.9M	163.3M	191.9M	180.1M	195.6M	215.4M	274.6M	306.4M	281.5M
Operating income	721.0M	623.8M	681.0M	733.8M	713.1M	1.0B	1.3B	993.2M	831.2M	865.1M
Interest expense	25.3M	28.8M	40.4M	54.7M	47.6M	46.3M	51.2M	65.9M	79.0M	75.2M
Pretax income	695.8M	595.2M	640.8M	680.9M	666.0M	999.8M	1.3B	934.9M	759.5M	794.1M
Income tax	263.7M	-91.0M	151.2M	164.6M	160.0M	239.0M	312.0M	206.6M	188.6M	195.8M
Net income	432.1M	686.3M	489.6M	516.3M	506.0M	760.8M	969.4M	728.3M	570.9M	598.3M
EPS (diluted)	3.81	6.18	4.43	4.77	4.74	7.14	9.21	6.97	5.56	6.12
Diluted shares	113.4M	111.0M	110.4M	108.3M	106.8M	106.6M	105.3M	104.5M	102.8M	97.7M
Depreciation & amortization	361.5M	383.5M	435.9M	499.1M	527.4M	557.1M	644.5M	738.0M	761.1M	714.8M
EBITDA	1.1B	1.0B	1.1B	1.2B	1.2B	1.6B	2.0B	1.7B	1.6B	1.6B
Operating margin	11.0%	8.7%	7.9%	8.0%	7.4%	8.6%	9.0%	7.7%	6.9%	7.2%
Net margin	6.6%	9.5%	5.7%	5.6%	5.3%	6.3%	6.5%	5.7%	4.7%	5.0%
Revenue growth	-	+9.7%	+19.8%	+6.4%	+5.1%	+26.3%	+21.7%	-13.4%	-5.8%	-0.7%
EPS growth	-	+62.2%	-28.3%	+7.7%	-0.6%	+50.6%	+29.0%	-24.3%	-20.2%	+10.1%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	6.4M	14.6M	7.6M	35.0M	313.3M	355.5M	51.9M	53.3M	47.0M	17.3M
Receivables	745.3M	920.8M	1.1B	1.0B	1.1B	1.5B	1.5B	1.3B	1.2B	1.2B
Inventory	18.6M	20.7M	22.0M	21.1M	23.8M	25.0M	40.6M	42.2M	41.7M	42.2M
Current assets	1.1B	1.3B	1.5B	1.5B	1.8B	2.3B	2.2B	2.0B	1.8B	1.6B
Property & equipment	2.8B	3.0B	3.4B	3.6B	3.7B	4.1B	5.0B	5.8B	5.7B	5.5B
Goodwill	-	39.8M	40.1M	96.3M	105.4M	100.5M	-	-	134.1M	134.1M
Total assets	4.0B	4.5B	5.1B	5.5B	5.9B	6.8B	7.8B	8.6B	8.3B	7.9B
Current liabilities	694.9M	921.8M	1.4B	1.0B	1.1B	1.7B	1.6B	1.5B	1.7B	1.9B
Total debt	986.3M	1.1B	1.1B	1.3B	1.3B	945.2M	1.3B	1.3B	977.7M	1.5B
Total liabilities	2.5B	2.6B	3.0B	3.2B	3.3B	3.7B	4.1B	4.5B	4.3B	4.4B
Shareholders' equity	1.4B	1.8B	2.1B	2.3B	2.6B	3.1B	3.7B	4.1B	4.0B	3.6B
Retained earnings	3.2B	3.8B	4.2B	4.6B	5.0B	5.6B	6.4B	7.0B	7.4B	7.8B

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	854.1M	855.2M	1.1B	1.1B	1.1B	1.2B	1.8B	1.7B	1.5B	1.7B
Capital spending	638.4M	526.9M	995.6M	854.1M	738.5M	947.6M	1.5B	1.9B	865.4M	730.7M
Free cash flow	215.7M	328.2M	92.2M	244.2M	384.3M	276.3M	236.1M	-117.8M	617.8M	947.6M
Stock-based pay (added back)	40.6M	38.3M	47.4M	53.3M	60.7M	61.5M	77.5M	79.2M	65.7M	71.8M
Dividends paid	99.0M	101.4M	105.0M	111.8M	114.2M	124.4M	166.7M	173.9M	175.5M	171.0M
Buybacks	249.8M	179.8M	150.3M	275.7M	92.5M	151.7M	300.0M	159.6M	513.9M	923.3M
Acquisitions	-	136.9M	0	115.7M	12.1M	0	118.2M	85.0M	-3.8M	0
Debt raised	-	0	0	700.0M	0	0	-	0	0	750.0M
Debt repaid	-	0	0	250.0M	0	0	350.0M	0	250.0M	500.0M
Investing cash flow	-485.4M	-651.3M	-886.8M	-804.0M	-613.0M	-877.0M	-1.6B	-1.7B	-663.7M	-574.8M
Financing cash flow	-367.9M	-195.6M	-208.1M	-267.0M	-231.6M	-304.6M	-530.4M	-58.0M	-825.8M	-1.1B
Dividend per share	0.88	0.92	0.96	1.04	1.08	1.18	1.60	1.68	1.72	1.76

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	40.6M	38.3M	47.4M	53.3M	60.7M	61.5M	77.5M	79.2M	65.7M	71.8M
Stock-based pay / revenue	0.6%	0.5%	0.5%	0.6%	0.6%	0.5%	0.5%	0.6%	0.5%	0.6%
Operating lease cash paid	-	-	-	44.5M	49.7M	59.5M	87.6M	106.2M	109.9M	106.8M
Right-of-use assets	-	-	-	-	-	-	-	350.2M	308.2M	249.3M
Operating lease liabilities	-	-	-	-	-	-	-	352.8M	312.1M	253.7M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on JBHT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/JBHT/export.csv") into a cell.