Stocks JBHT Financial statements
Financial statementsHUNT J B TRANSPORT SERVICES INC financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data HUNT J B TRANSPORT SERVICES INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,555 | 7,190 | 8,615 | 9,165 | 9,637 | 12,168 | 14,814 | 12,830 | 12,087 | 11,999 |
| General and administrative | 87.1 | 126 | 163 | 192 | 180 | 196 | 215 | 275 | 306 | 282 |
| Operating income | 721 | 624 | 681 | 734 | 713 | 1,046 | 1,332 | 993 | 831 | 865 |
| Interest expense | 25.3 | 28.8 | 40.4 | 54.7 | 47.6 | 46.3 | 51.2 | 65.9 | 79 | 75.2 |
| Interest income | 0.07 | 0.24 | 0.22 | 1.75 | 0.49 | 0.49 | 1.07 | 7.62 | 7.31 | 4.25 |
| Pre-tax income | 696 | 595 | 641 | 681 | 666 | 1,000 | 1,281 | 935 | 760 | 794 |
| Income tax | 264 | -91 | 151 | 165 | 160 | 239 | 312 | 207 | 189 | 196 |
| Net income | 432 | 686 | 490 | 516 | 506 | 761 | 969 | 728 | 571 | 598 |
| EBITDA | 1,083 | 1,007 | 1,117 | 1,233 | 1,240 | 1,603 | 1,976 | 1,731 | 1,592 | 1,580 |
| EPS, basic | 3.84 | 6.24 | 4.48 | 4.81 | 4.79 | 7.22 | 9.31 | 7.04 | 5.60 | 6.16 |
| EPS, diluted | 3.81 | 6.18 | 4.43 | 4.77 | 4.74 | 7.14 | 9.21 | 6.97 | 5.56 | 6.12 |
| Shares, basic (weighted) | 112 | 110 | 109 | 107 | 106 | 105 | 104 | 103 | 102 | 97.1 |
| Shares, diluted (weighted) | 113 | 111 | 110 | 108 | 107 | 107 | 105 | 104 | 103 | 97.7 |
| Dividend per share | 0.88 | 0.92 | 0.96 | 1.04 | 1.08 | 1.18 | 1.60 | 1.68 | 1.72 | 0.44 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 6.38 | 14.6 | 7.6 | 35 | 313 | 356 | 51.9 | 53.3 | 47 | 17.3 |
| Receivables | 745 | 921 | 1,052 | 1,012 | 1,124 | 1,507 | 1,528 | 1,335 | 1,224 | 1,160 |
| Inventory | 18.6 | 20.7 | 22 | 21.1 | 23.8 | 25 | 40.6 | 42.2 | 41.7 | 42.2 |
| Other current assets | 108 | 4,159 | 4,717 | 203 | 195 | 210 | 260 | 300 | 200 | 427 |
| Total current assets | 1,067 | 1,339 | 1,503 | 1,481 | 1,842 | 2,313 | 2,212 | 1,961 | 1,771 | 1,604 |
| Property, plant and equipment | 2,819 | 2,983 | 3,445 | 3,621 | 3,689 | 4,068 | 4,980 | 5,774 | 5,730 | 5,538 |
| Lease right-of-use assets | 350 | 308 | 249 | |||||||
| Goodwill | 39.8 | 40.1 | 96.3 | 105 | 101 | 134 | 134 | |||
| Intangible assets | 2.36 | 73.7 | 65.1 | 107 | 107 | 90.6 | 116 | 134 | 96.9 | 76.3 |
| Other non-current assets | 62.2 | 29.8 | 38.4 | 166 | 185 | 222 | 359 | 585 | 581 | 575 |
| Total assets | 3,951 | 4,465 | 5,092 | 5,471 | 5,928 | 6,794 | 7,787 | 8,588 | 8,312 | 7,927 |
| Accounts payable | 384 | 599 | 710 | 603 | 588 | 773 | 799 | 737 | 646 | 656 |
| Accrued liabilities | 27.2 | 42.4 | 80.9 | 68.2 | 131 | 191 | 188 | 94.6 | 122 | 110 |
| Short-term debt | 251 | 0 | 0 | 356 | 0 | 250 | 500 | 700 | ||
| Total current liabilities | 695 | 922 | 1,352 | 1,036 | 1,085 | 1,730 | 1,568 | 1,453 | 1,678 | 1,935 |
| Long-term debt | 986 | 1,086 | 898 | 1,296 | 1,305 | 945 | 1,262 | 1,326 | 978 | 767 |
| Lease liabilities | 253 | 214 | 168 | |||||||
| Other non-current liabilities | 64.9 | 76.7 | 96.1 | 173 | 246 | 256 | 369 | 393 | 377 | 307 |
| Total liabilities | 2,537 | 2,626 | 2,990 | 3,204 | 3,328 | 3,677 | 4,120 | 4,484 | 4,298 | 4,362 |
| Total debt | 986 | 1,086 | 1,149 | 1,296 | 1,305 | 945 | 1,262 | 1,326 | 978 | 1,467 |
| Paid-in capital | 293 | 311 | 340 | 374 | 408 | 448 | 500 | 549 | 584 | 627 |
| Retained earnings | 3,219 | 3,804 | 4,188 | 4,593 | 4,985 | 5,621 | 6,424 | 6,978 | 7,373 | 7,801 |
| Treasury stock | -2,100 | -2,277 | -2,429 | -2,702 | -2,795 | -2,953 | -3,259 | -3,425 | -3,945 | -4,865 |
| Shareholders' equity | 1,414 | 1,839 | 2,101 | 2,267 | 2,600 | 3,118 | 3,667 | 4,104 | 4,015 | 3,565 |
| Total equity | 1,414 | 1,839 | 2,101 | 2,267 | 2,600 | 3,118 | 3,667 | 4,104 | 4,015 | 3,565 |
| Total liabilities and equity | 3,951 | 4,465 | 5,092 | 5,471 | 5,928 | 6,794 | 7,787 | 8,588 | 8,312 | 7,927 |
| Shares outstanding | 111 | 110 | 109 | 106 | 106 | 105 | 104 | 103 | 101 | 94.6 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 432 | 686 | 490 | 516 | 506 | 761 | 969 | 728 | 571 | 598 |
| Depreciation and amortization | 362 | 384 | 436 | 499 | 527 | 557 | 645 | 738 | 761 | 715 |
| Stock-based compensation | 40.6 | 38.3 | 47.4 | 53.3 | 60.7 | 61.5 | 77.5 | 79.2 | 65.7 | 71.8 |
| Deferred income tax | 50.4 | -249 | 102 | 55.6 | -7.06 | 53.4 | 175 | 65.6 | -89.8 | 12.1 |
| Change in receivables | -121 | -166 | -131 | 50.3 | -110 | -382 | -14 | 259 | 111 | 63.8 |
| Change in payables | 60.8 | 85.2 | 98 | -85.3 | -5.48 | 140 | -23.8 | -48.3 | -110 | 59.4 |
| Cash from operations | 854 | 855 | 1,088 | 1,098 | 1,123 | 1,224 | 1,777 | 1,745 | 1,483 | 1,678 |
| Capital expenditures | -638 | -527 | -996 | -854 | -739 | -948 | -1,541 | -1,862 | -865 | -731 |
| Acquisitions | -137 | 0 | -116 | -12.1 | 0 | -118 | -85 | 3.79 | 0 | |
| Sales and maturities of investments | 0 | 0 | 6.93 | 0 | ||||||
| Cash from investing | -485 | -651 | -887 | -804 | -613 | -877 | -1,550 | -1,685 | -664 | -575 |
| Debt issued | 0 | 0 | 700 | 0 | 0 | 0 | 0 | 750 | ||
| Debt repaid | 0 | 0 | -250 | 0 | 0 | -350 | 0 | -250 | -500 | |
| Share buybacks | -250 | -180 | -150 | -276 | -92.5 | -152 | -300 | -160 | -514 | -923 |
| Dividends paid | -99 | -101 | -105 | -112 | -114 | -124 | -167 | -174 | -176 | -171 |
| Cash from financing | -368 | -196 | -208 | -267 | -232 | -305 | -530 | -58 | -826 | -1,133 |
| Net change in cash | 0.81 | 8.24 | -7.01 | 27.4 | 278 | 42.2 | -304 | 1.42 | -6.36 | -29.7 |
| Free cash flow | 216 | 328 | 92.2 | 244 | 384 | 276 | 236 | -118 | 618 | 948 |
| Interest paid | 24.8 | 28.8 | 39.9 | 46.7 | 48.4 | 47 | 50.4 | 65.6 | 80.9 | 66.6 |
| Income taxes paid | 144 | 191 | 83.8 | 71.7 | 95.5 | 204 | 196 | 135 | 305 | 124 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Operating margin | 7.5% | Operating income / revenue. |
| EBITDA margin | 13.2% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 7.0% | Pre-tax income / revenue. |
| Net margin | 5.3% | Net income / revenue. |
| FCF margin | 8.7% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 12.6% | Cash from operations / revenue. |
| Effective tax rate | 24.2% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 18.4% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 8.5% | Net income / average total assets. |
| Return on invested capital (ROIC) | 15.1% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| Stock-based pay / revenue | 0.6% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 3.9% | Capital expenditures / revenue. |
| D&A / revenue | 5.7% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -0.7% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -6.8% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 4.5% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 4.1% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | -13.4% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 3.9% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | -0.8% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | -7.2% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 5.0% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 4.8% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -14.9% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 3.4% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 10.1% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | -12.7% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 5.2% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 13.2% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -1.9% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 8.4% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 53.4% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 58.9% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 19.8% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | -74.4% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | -35.0% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | -16.4% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -11.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -0.9% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 6.5% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -4.6% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 0.6% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 6.0% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -4.9% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -2.5% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -1.8% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.26x | Current assets / current liabilities. |
| Quick ratio | 1.01x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.00x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.31x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 14.4% | Total debt / total assets. |
| Liabilities / assets | 54.0% | Total liabilities / total assets. |
| Net debt | $1.14B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 0.68x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 13.7x | Operating income / interest expense. |
| Working capital | $368.7M | Current assets - current liabilities. |
| Tangible book value | $3.66B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.60x | Revenue / average total assets. |
| Fixed asset turnover | 2.36x | Revenue / average property, plant and equipment. |
| Receivables turnover | 8.69x | Revenue / average receivables. |
| Days sales outstanding | 42 days | 365 x average receivables / revenue. |
| FCF conversion | 163.0% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 31.1% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $7.10 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $133.78 | Revenue / diluted weighted shares. |
| FCF per share | $11.58 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $16.80 | Cash from operations / diluted weighted shares. |
| Book value per share | $38.52 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $38.52 | Tangible book value / shares outstanding. |
| Cash per share | $0.04 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 25.1% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 15.4% | Dividends paid / free cash flow, when free cash flow is positive. |
| Buybacks / FCF | 49.9% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $21.17B | Share price x shares outstanding. |
| Enterprise value | $22.32B | Market cap + total debt - cash - short-term investments. |
| P/E | 31.4x | Market cap / net income. Only when net income is positive. |
| P/S | 1.67x | Market cap / revenue. |
| P/B | 5.79x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 5.79x | Market cap / tangible book value, when positive. |
| P/FCF | 19.3x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 13.3x | Market cap / cash from operations, when positive. |
| EV/Sales | 1.76x | Enterprise value / revenue. |
| EV/EBIT | 23.4x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 13.3x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 20.3x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.2% | Free cash flow / market cap. |
| Earnings yield | 3.2% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 0.8% | Dividends paid over the period / market cap. |
| Shareholder yield | 3.4% | (Dividends paid + share buybacks) / market cap. |
What was HUNT J B TRANSPORT SERVICES INC's revenue in fiscal 2025?
HUNT J B TRANSPORT SERVICES INC reported revenue of $12.00B for fiscal 2025, 0.7% lower than the year before.
Was HUNT J B TRANSPORT SERVICES INC profitable in fiscal 2025?
Yes. Net income was $598.3M, a net margin of 5%.
How much free cash flow did HUNT J B TRANSPORT SERVICES INC generate in fiscal 2025?
Cash from operations of $1.68B minus capital expenditures of $730.7M left free cash flow of $947.6M.