Hub Group (HUBG) Financials

$41.81 +0.77 (+1.88%)

Closing price 04:00 PM Eastern

Extended Trading

$41.80 -0.01 (-0.02%)

As of 04:10 PM Eastern

Annual Income Statements for Hub Group

This table shows Hub Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	52	71	75	135	202	107	74	171	357	168	104
Consolidated Net Income / (Loss)	52	71	75	135	202	107	74	171	357	168	104
Net Income / (Loss) Continuing Operations	52	71	58	120	88	0.00	0.00	171	357	168	104
Total Pre-Tax Income	82	112	94	67	117	144	96	231	468	209	133
Total Operating Income	84	117	97	73	125	152	106	238	475	212	140
Total Gross Profit	234	254	165	162	223	521	425	3,642	4,797	3,649	3,369
Total Revenue	3,571	3,526	2,750	3,123	3,684	3,668	3,496	4,232	5,340	4,203	3,946
Operating Revenue	3,571	3,526	2,750	3,123	3,684	3,668	3,496	4,232	5,340	4,203	3,946
Total Cost of Revenue	3,337	3,272	2,585	2,961	3,461	3,383	3,070	590	543	553	577
Operating Cost of Revenue	3,337	3,272	2,585	2,961	3,461	3,383	3,070	590	543	553	577
Total Operating Expenses	150	137	69	89	98	133	320	3,404	4,323	3,437	3,229
Selling, General & Admin Expense	120	129	61	77	81	104	288	90	121	106	114
Marketing Expense	-	-	-	-	-	-	-	44	58	49	44
Depreciation Expense	7.80	7.99	7.71	12	17	28	31	116	132	144	141
Other Operating Expenses / (Income)	10	-	-	-	-	-	-	3,172	4,037	3,146	2,931
Other Special Charges / (Income)	-	-	-	-	-	-	-	-19	-24	-6.84	-1.27
Total Other Income / (Expense), net	-2.01	-5.45	-2.53	-5.74	-8.19	-8.55	-9.73	-7.55	-6.76	-3.03	-7.75
Interest Expense	1.79	2.97	3.63	6.75	9.61	11	9.34	7.31	7.51	13	14
Interest & Investment Income	0.03	0.08	0.35	0.35	1.36	2.10	0.00	0.01	0.87	10	6.89
Other Income / (Expense), net	-0.26	-2.56	0.75	0.67	0.06	0.34	-0.38	-0.25	-0.13	0.40	-0.17
Income Tax Expense	30	41	36	-53	29	37	23	59	111	42	29
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	0.00	0.05
Basic Earnings per Share	$1.41	$1.98	$2.21	$4.07	$6.04	$3.22	$2.22	$2.56	$5.37	$2.65	$1.72
Weighted Average Basic Shares Outstanding	36.59M	35.88M	33.84M	33.22M	33.39M	33.28M	33.18M	66.87M	66.42M	63.32M	60.62M
Diluted Earnings per Share	$1.40	$1.97	$2.20	$4.05	$6.01	$3.20	$2.19	$2.53	$5.32	$2.62	$1.70
Weighted Average Diluted Shares Outstanding	36.73M	35.97M	33.95M	33.35M	33.56M	33.48M	33.54M	67.78M	67.12M	63.95M	61.10M
Weighted Average Basic & Diluted Shares Outstanding	36.60M	35.80M	33.80M	33.20M	33.40M	34.25M	34.43M	34.69M	33.38M	62.83M	61.50M

This table shows Hub Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	62	47	30	29	27	29	24	24	27	25	29
Consolidated Net Income / (Loss)	62	47	30	29	27	29	24	24	27	25	29
Net Income / (Loss) Continuing Operations	62	47	30	29	27	29	24	24	27	25	29
Total Pre-Tax Income	77	61	42	30	34	38	31	30	36	33	39
Total Operating Income	78	62	43	29	37	40	32	32	37	34	39
Total Gross Profit	1,015	899	886	849	855	845	844	825	766	762	791
Total Revenue	1,152	1,040	1,025	985	999	986	987	974	915	906	934
Operating Revenue	1,152	1,040	1,025	985	999	986	987	974	915	906	934
Total Cost of Revenue	137	142	139	136	144	142	143	148	149	143	143
Operating Cost of Revenue	137	142	139	136	144	142	143	148	149	143	143
Total Operating Expenses	937	837	844	820	818	805	812	794	728	728	752
Selling, General & Admin Expense	26	27	24	29	27	28	30	29	27	29	27
Marketing Expense	13	12	12	13	13	13	10	8.71	11	11	10
Depreciation Expense	35	35	36	37	38	38	32	33	33	32	31
Other Operating Expenses / (Income)	867	764	773	742	740	727	740	723	658	656	684
Other Special Charges / (Income)	-3.98	-0.86	-0.77	-1.24	-0.50	-0.41	-0.43	0.06	-0.07	0.13	-0.55
Total Other Income / (Expense), net	-1.56	-0.96	-0.89	0.38	-2.68	-1.95	-1.36	-1.77	-1.70	-1.40	-0.93
Interest Expense	2.97	3.12	3.54	3.81	3.90	3.69	3.58	3.29	3.25	3.15	3.03
Interest & Investment Income	1.38	2.09	2.84	3.71	1.39	1.81	2.25	1.44	1.25	1.02	1.36
Other Income / (Expense), net	0.04	0.07	-0.19	0.48	-0.17	-0.07	-0.02	0.09	0.30	0.73	0.74
Income Tax Expense	15	15	11	0.99	7.41	8.57	7.14	5.39	8.45	7.92	9.59
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	0.00	-	0.35	-0.22	0.37
Basic Earnings per Share	$0.95	$0.73	$0.49	$0.45	$0.44	$0.48	$0.39	$0.40	$0.45	$0.42	$0.48
Weighted Average Basic Shares Outstanding	65.10M	64.07M	62.28M	63.32M	61.33M	60.71M	60.37M	60.62M	60.19M	60.00M	60.01M
Diluted Earnings per Share	$0.94	$0.72	$0.48	$0.45	$0.44	$0.47	$0.39	$0.40	$0.44	$0.42	$0.47
Weighted Average Diluted Shares Outstanding	65.68M	64.59M	62.99M	63.95M	61.67M	61.11M	60.95M	61.10M	60.42M	60.21M	60.33M
Weighted Average Basic & Diluted Shares Outstanding	33.35M	31.99M	574.90K	62.83M	62.32M	62.17M	61.36M	61.50M	61.24M	61.22M	61.15M

This table details how cash moves in and out of Hub Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	41	98	-80	-99	33	107	-44	35	127	-99	-60
Net Cash From Operating Activities	99	172	102	125	211	255	175	253	458	422	194
Net Cash From Continuing Operating Activities	99	172	102	125	211	255	175	254	458	425	194
Net Income / (Loss) Continuing Operations	52	71	75	135	202	107	74	171	357	168	104
Consolidated Net Income / (Loss)	52	71	75	135	202	107	74	171	357	168	104
Depreciation Expense	29	37	45	62	84	117	124	131	154	184	193
Non-Cash Adjustments To Reconcile Net Income	19	8.46	7.40	7.01	-125	12	24	0.88	8.32	17	17
Changes in Operating Assets and Liabilities, net	-1.30	55	-24	-79	50	18	-46	-49	-61	56	-119
Net Cash From Investing Activities	-119	-81	-105	-235	-209	-66	-197	-210	-279	-373	-53
Net Cash From Continuing Investing Activities	-119	-81	-105	-235	-209	-66	-197	-211	-279	-376	-53
Purchase of Property, Plant & Equipment	-119	-83	-107	-75	-200	-95	-115	-133	-219	-140	-51
Acquisitions	-	-	-	-166	-249	-0.73	-85	-122	-103	-261	-15
Sale of Property, Plant & Equipment	0.61	2.31	2.06	5.33	11	10	3.29	45	43	28	12
Net Cash From Financing Activities	61	7.15	-77	11	32	-81	-22	-7.41	-52	-148	-201
Net Cash From Continuing Financing Activities	61	7.15	-77	11	32	-81	-22	-7.41	-52	-148	-201
Repayment of Debt	-9.70	-26	-37	-81	-133	-106	-199	-108	-111	-106	-107
Repurchase of Common Equity	-18	-29	-100	-	0.00	-25	0.00	0.00	-75	-144	-68
Payment of Dividends	-	-	-	-	-	-	-	-	0.00	0.00	-31
Issuance of Debt	91	64	62	99	172	56	187	112	179	114	18
Other Financing Activities, net	-2.54	-2.72	-2.12	-6.21	-7.16	-6.94	-11	-12	-45	-13	-12
Effect of Exchange Rate Changes	0.01	-0.13	-0.11	0.01	-0.03	-0.00	-0.02	-	0.03	-	-0.09
Cash Interest Paid	1.53	2.98	3.67	6.16	9.68	11	9.46	7.60	7.99	13	15
Cash Income Taxes Paid	20	6.99	33	13	14	40	18	59	129	35	38

This table details how cash moves in and out of Hub Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Change in Cash & Equivalents	56	-0.14	58	-213	8.09	25	-34	-59	14	22	-17
Net Cash From Operating Activities	89	132	101	99	81	70	43	0.60	70	62	28
Net Cash From Continuing Operating Activities	89	132	101	102	81	70	43	0.60	70	62	28
Net Income / (Loss) Continuing Operations	62	47	30	29	27	29	24	24	27	25	29
Consolidated Net Income / (Loss)	62	47	30	29	27	29	24	24	27	25	29
Depreciation Expense	46	46	45	48	50	49	46	47	47	47	46
Non-Cash Adjustments To Reconcile Net Income	0.14	5.46	5.10	5.83	3.91	4.33	4.54	4.23	6.74	3.31	4.80
Changes in Operating Assets and Liabilities, net	-18	34	20	20	-0.05	-13	-31	-75	-11	-14	-52
Net Cash From Investing Activities	-17	-34	-35	-288	-14	-7.72	-7.92	-24	-16	-11	-61
Net Cash From Continuing Investing Activities	-17	-34	-35	-291	-14	-7.72	-7.92	-24	-16	-11	-61
Purchase of Property, Plant & Equipment	-27	-39	-40	-34	-18	-14	-12	-7.63	-19	-11	-8.71
Acquisitions	0.11	-	-	-261	-	3.70	-	-18	-	-	-55
Sale of Property, Plant & Equipment	10	4.96	5.07	7.51	3.44	2.31	4.04	2.37	3.63	0.43	2.78
Net Cash From Financing Activities	-17	-98	-8.06	-25	-58	-37	-70	-36	-40	-28	15
Net Cash From Continuing Financing Activities	-17	-98	-8.06	-25	-58	-37	-70	-36	-40	-28	15
Repayment of Debt	-29	-27	-25	-25	-27	-26	-28	-26	-26	-25	-25
Payment of Dividends	0.00	-	-	-	-7.63	-7.60	-7.50	-8.60	-7.50	-7.50	-7.50
Issuance of Debt	21	29	35	29	12	4.07	2.15	-	14	5.03	48
Other Financing Activities, net	-8.49	-0.83	-0.78	-2.76	-9.09	-0.79	-0.72	-1.88	-6.69	-0.31	-0.27
Effect of Exchange Rate Changes	0.02	0.03	-0.02	-	0.00	-0.02	-0.01	-0.06	0.01	-0.03	0.13
Cash Interest Paid	3.32	3.37	2.86	2.96	3.98	3.43	3.89	3.30	3.16	3.12	2.89
Cash Income Taxes Paid	1.29	13	8.85	12	-1.44	22	7.72	9.79	-0.11	17	0.17

This table presents Hub Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,212	1,301	1,360	1,671	1,925	1,992	2,105	2,437	2,810	2,936	2,868
Total Current Assets	571	625	622	656	589	640	673	894	1,057	849	768
Cash & Equivalents	110	208	127	29	61	169	125	160	287	187	98
Restricted Cash	-	-	-	-	-	-	-	-	-	0.00	29
Accounts Receivable	427	390	478	430	499	447	520	705	720	604	592
Prepaid Expenses	14	18	17	25	28	24	27	28	33	41	34
Current Deferred & Refundable Income Taxes	20	8.77	0.29	12	0.62	0.63	1.34	2.19	17	17	15
Plant, Property, & Equipment, net	338	375	439	561	682	663	671	681	784	792	740
Total Noncurrent Assets	303	302	299	454	654	688	761	862	970	1,295	1,360
Long-Term Investments	22	21	21	20	19	23	23	24	18	21	22
Noncurrent Note & Lease Receivables	-	-	-	-	-	5.87	3.56	1.25	1.19	2.52	1.06
Goodwill	263	263	262	319	484	484	509	577	629	734	814
Intangible Assets	14	13	12	65	135	121	164	197	197	305	267
Other Noncurrent Operating Assets	4.04	4.85	4.28	5.49	17	54	62	62	124	234	256
Total Liabilities & Shareholders' Equity	1,212	1,301	1,360	1,671	1,925	1,992	2,105	2,437	2,810	2,936	2,868
Total Liabilities	611	653	732	901	944	916	947	1,097	1,210	1,301	1,176
Total Current Liabilities	360	359	418	520	527	507	529	687	692	658	579
Short-Term Debt	22	35	48	80	102	95	94	97	102	105	100
Accounts Payable	278	252	288	252	284	269	298	437	360	364	309
Accrued Expenses	44	39	46	54	83	87	103	83	132	121	91
Current Employee Benefit Liabilities	16	33	36	27	56	46	23	57	67	22	33
Other Current Liabilities	-	-	-	-	2.85	12	12	13	31	46	46
Total Noncurrent Liabilities	252	295	314	382	417	409	418	410	519	643	597
Long-Term Debt	72	101	116	215	229	187	177	177	241	246	164
Capital Lease Obligations	16	13	11	7.70	-	1.82	0.01	35	0.00	179	198
Noncurrent Deferred & Payable Income Tax Liabilities	141	160	165	121	154	155	162	156	156	164	153
Other Noncurrent Operating Liabilities	23	20	24	34	34	65	79	42	122	55	82
Total Equity & Noncontrolling Interests	601	648	628	770	981	1,075	1,188	1,340	1,600	1,635	1,692
Total Preferred & Common Equity	601	648	628	770	981	1,075	1,158	1,340	1,600	1,635	1,645
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	600	648	628	769	980	1,075	1,188	1,340	1,600	1,635	1,645
Common Stock	171	175	174	173	172	180	186	190	209	211	223
Retained Earnings	590	661	736	871	1,072	1,180	1,253	1,425	1,782	1,949	2,022
Treasury Stock	-145	-172	-266	-259	-249	-269	-266	-258	-375	-525	-599
Accumulated Other Comprehensive Income / (Loss)	-0.08	-0.18	-0.27	-0.19	-0.18	-0.19	-0.19	-0.21	-0.21	-0.13	-1.45
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	47

This table presents Hub Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	2,753	2,888	2,800	2,918	2,891	2,859	2,833	2,822	2,800	2,901
Total Current Assets	1,023	1,072	990	1,083	828	837	805	753	745	788
Cash & Equivalents	212	343	342	401	195	220	186	113	137	120
Restricted Cash	-	-	-	-	-	-	-	28	27	27
Accounts Receivable	785	701	617	636	589	588	582	579	553	606
Prepaid Expenses	23	19	15	27	29	16	26	24	17	23
Current Deferred & Refundable Income Taxes	3.60	9.38	15	19	10	13	11	9.18	11	13
Plant, Property, & Equipment, net	756	777	783	790	777	760	742	732	725	764
Total Noncurrent Assets	974	1,039	1,027	1,045	1,286	1,262	1,286	1,337	1,329	1,348
Long-Term Investments	17	19	20	20	20	21	21	18	20	21
Noncurrent Note & Lease Receivables	1.71	4.36	3.74	3.14	2.15	1.54	1.23	0.90	0.73	0.56
Goodwill	628	629	629	630	735	772	773	812	804	818
Intangible Assets	205	190	184	177	296	248	240	259	259	252
Other Noncurrent Operating Assets	123	196	190	216	232	219	251	246	245	257
Total Liabilities & Shareholders' Equity	2,753	2,888	2,800	2,918	2,891	2,859	2,833	2,822	2,800	2,901
Total Liabilities	1,235	1,229	1,189	1,289	1,269	1,218	1,207	1,125	1,074	1,145
Total Current Liabilities	741	638	594	656	649	635	618	555	526	535
Short-Term Debt	102	98	98	103	104	103	100	100	98	95
Accounts Payable	428	343	305	361	339	350	334	296	267	274
Accrued Expenses	113	131	129	125	126	112	106	88	90	86
Current Employee Benefit Liabilities	68	29	23	26	32	29	34	28	27	35
Other Current Liabilities	29	38	38	42	47	41	44	45	45	47
Total Noncurrent Liabilities	495	591	596	633	620	582	589	570	548	610
Long-Term Debt	218	236	238	244	231	210	187	153	134	160
Capital Lease Obligations	80	148	143	1.00	0.82	164	194	188	186	197
Noncurrent Deferred & Payable Income Tax Liabilities	152	160	166	174	160	155	152	151	148	172
Other Noncurrent Operating Liabilities	45	48	49	214	228	53	55	79	80	80
Total Equity & Noncontrolling Interests	1,517	1,659	1,611	1,629	1,622	1,641	1,626	1,696	1,726	1,756
Total Preferred & Common Equity	1,517	1,659	1,611	1,629	1,622	1,641	1,626	1,649	1,675	1,702
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,517	1,659	1,611	1,629	1,622	1,641	1,626	1,649	1,675	1,702
Common Stock	203	207	215	221	210	212	217	209	217	223
Retained Earnings	1,702	1,843	1,890	1,920	1,968	1,990	2,006	2,042	2,059	2,080
Treasury Stock	-372	-375	-478	-496	-556	-560	-596	-601	-604	-605
Accumulated Other Comprehensive Income / (Loss)	-0.24	-0.18	-0.14	-0.17	-0.14	-0.20	-0.23	-1.61	2.67	4.26
Noncontrolling Interest	-	-	-	-	-	-	-	48	51	53

This table displays calculated financial ratios and metrics derived from Hub Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.85%	-1.28%	-21.99%	13.55%	17.95%	-0.42%	-4.70%	21.08%	26.18%	-21.31%	-6.10%
EBITDA Growth	-16.31%	34.08%	-6.27%	-4.58%	54.15%	29.09%	-15.03%	60.98%	70.35%	-36.80%	-16.22%
EBIT Growth	-26.47%	36.89%	-14.99%	-24.63%	70.42%	22.23%	-30.98%	125.92%	99.23%	-55.20%	-34.10%
NOPAT Growth	-24.37%	40.87%	-20.45%	120.12%	-28.00%	21.03%	-28.66%	118.61%	104.49%	-53.07%	-35.20%
Net Income Growth	-25.40%	37.61%	5.43%	80.67%	49.27%	-46.88%	-31.36%	133.11%	108.16%	-53.07%	-37.90%
EPS Growth	-25.13%	40.71%	11.68%	84.09%	48.40%	-46.76%	-31.56%	133.11%	108.16%	-53.07%	-35.11%
Operating Cash Flow Growth	-16.08%	74.24%	-40.32%	22.20%	68.37%	20.71%	-31.26%	44.52%	81.21%	-7.86%	-53.95%
Free Cash Flow Firm Growth	-612.86%	432.31%	-130.85%	-456.95%	-39.41%	186.16%	-118.09%	73.68%	2,361.33%	-177.90%	140.57%
Invested Capital Growth	15.70%	-1.97%	15.08%	42.48%	32.13%	-5.16%	9.68%	14.49%	11.69%	19.45%	2.55%
Revenue Q/Q Growth	0.85%	-0.71%	-21.07%	11.64%	17.04%	-3.11%	1.51%	7.73%	0.55%	-6.67%	-0.29%
EBITDA Q/Q Growth	-0.13%	8.86%	-17.48%	24.73%	17.57%	-1.76%	-2.22%	32.00%	-0.86%	-14.87%	0.35%
EBIT Q/Q Growth	-2.94%	9.75%	-24.60%	38.21%	25.17%	-6.30%	-6.16%	57.16%	-2.69%	-26.00%	1.26%
NOPAT Q/Q Growth	0.14%	9.29%	-26.39%	263.41%	-39.79%	-4.92%	-5.91%	53.06%	-1.47%	-23.26%	-2.58%
Net Income Q/Q Growth	-0.35%	9.27%	-5.23%	152.84%	-20.19%	-16.36%	-7.04%	56.53%	-1.39%	-23.16%	-4.07%
EPS Q/Q Growth	-0.71%	10.67%	-3.93%	153.13%	-20.29%	-16.23%	-7.59%	56.53%	-1.39%	-23.16%	-5.56%
Operating Cash Flow Q/Q Growth	4.66%	-0.60%	-13.07%	13.22%	17.88%	28.05%	-29.59%	9.77%	7.74%	-1.91%	-33.71%
Free Cash Flow Firm Q/Q Growth	16.52%	2.28%	-309.70%	46.75%	-259.57%	216.38%	-122.30%	-141.73%	412.16%	-142.02%	126.09%
Invested Capital Q/Q Growth	3.80%	4.72%	7.13%	0.92%	29.56%	-4.44%	9.99%	16.38%	-3.01%	25.68%	5.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.55%	7.20%	6.01%	5.19%	6.05%	14.21%	12.17%	86.06%	89.83%	86.83%	85.37%
EBITDA Margin	3.16%	4.30%	5.16%	4.34%	5.67%	7.35%	6.55%	8.71%	11.77%	9.45%	8.43%
Operating Margin	2.35%	3.32%	3.51%	2.33%	3.39%	4.16%	3.03%	5.63%	8.89%	5.05%	3.55%
EBIT Margin	2.34%	3.25%	3.54%	2.35%	3.39%	4.16%	3.02%	5.63%	8.89%	5.06%	3.55%
Profit (Net Income) Margin	1.44%	2.01%	2.72%	4.33%	5.48%	2.92%	2.10%	4.05%	6.68%	3.99%	2.64%
Tax Burden Percent	62.98%	63.58%	79.56%	201.93%	172.83%	74.49%	76.54%	74.26%	76.28%	80.08%	78.50%
Interest Burden Percent	97.90%	97.48%	96.63%	91.27%	93.40%	94.18%	91.14%	96.93%	98.60%	98.39%	94.59%
Effective Tax Rate	37.02%	36.42%	38.69%	-79.31%	24.90%	25.51%	23.46%	25.74%	23.72%	19.92%	21.50%
Return on Invested Capital (ROIC)	9.78%	12.97%	9.69%	16.44%	8.68%	9.47%	6.62%	12.90%	23.34%	9.46%	5.56%
ROIC Less NNEP Spread (ROIC-NNEP)	12.87%	19.84%	-48.16%	21.61%	61.09%	5.75%	-1.47%	7.75%	17.02%	8.11%	3.64%
Return on Net Nonoperating Assets (RNNOA)	-0.91%	-1.60%	2.04%	2.90%	14.37%	0.96%	-0.12%	0.67%	0.95%	0.90%	0.70%
Return on Equity (ROE)	8.87%	11.36%	11.72%	19.33%	23.05%	10.42%	6.50%	13.56%	24.28%	10.36%	6.26%
Cash Return on Invested Capital (CROIC)	-4.78%	14.95%	-4.33%	-18.60%	-19.01%	14.77%	-2.62%	-0.61%	12.29%	-8.27%	3.04%
Operating Return on Assets (OROA)	7.40%	9.11%	7.31%	4.84%	6.95%	7.80%	5.15%	10.49%	18.09%	7.40%	4.83%
Return on Assets (ROA)	4.56%	5.65%	5.62%	8.92%	11.22%	5.47%	3.59%	7.55%	13.60%	5.83%	3.59%
Return on Common Equity (ROCE)	8.87%	11.36%	11.72%	19.32%	23.04%	10.42%	6.50%	13.56%	24.28%	10.36%	6.17%
Return on Equity Simple (ROE_SIMPLE)	8.58%	10.95%	11.91%	17.56%	20.57%	9.97%	6.35%	12.79%	22.31%	10.25%	6.32%
Net Operating Profit after Tax (NOPAT)	53	74	59	130	94	114	81	177	362	170	110
NOPAT Margin	1.48%	2.11%	2.15%	4.17%	2.55%	3.10%	2.32%	4.18%	6.78%	4.04%	2.79%
Net Nonoperating Expense Percent (NNEP)	-3.10%	-6.87%	57.85%	-5.18%	-52.41%	3.72%	8.09%	5.15%	6.31%	1.35%	1.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	18.65%	7.85%	5.11%
Cost of Revenue to Revenue	93.45%	92.80%	93.99%	94.81%	93.95%	92.23%	87.83%	13.94%	10.17%	13.17%	14.63%
SG&A Expenses to Revenue	3.36%	3.65%	2.22%	2.47%	2.21%	2.84%	8.25%	2.13%	2.26%	2.52%	2.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.20%	3.88%	2.50%	2.86%	2.66%	3.62%	9.14%	80.43%	80.94%	81.78%	81.81%
Earnings before Interest and Taxes (EBIT)	84	114	97	73	125	153	105	238	475	213	140
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	113	152	142	136	209	270	229	369	628	397	333
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.36	1.84	2.35	2.11	1.29	1.61	1.63	2.16	1.63	1.77	1.66
Price to Tangible Book Value (P/TBV)	4.38	3.20	4.17	4.21	3.49	3.69	3.75	5.12	3.38	4.84	4.85
Price to Revenue (P/Rev)	0.40	0.34	0.54	0.52	0.34	0.47	0.55	0.69	0.49	0.69	0.69
Price to Earnings (P/E)	27.47	16.79	19.69	12.02	6.26	16.20	26.32	16.91	7.32	17.24	26.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.12%
Earnings Yield	3.64%	5.96%	5.08%	8.32%	15.97%	6.17%	3.80%	5.91%	13.66%	5.80%	3.80%
Enterprise Value to Invested Capital (EV/IC)	2.41	1.96	2.29	2.02	1.23	1.57	1.61	2.06	1.62	1.64	1.54
Enterprise Value to Revenue (EV/Rev)	0.39	0.32	0.54	0.60	0.41	0.50	0.59	0.72	0.50	0.76	0.78
Enterprise Value to EBITDA (EV/EBITDA)	12.35	7.34	10.55	13.86	7.24	6.78	8.98	8.20	4.22	8.08	9.30
Enterprise Value to EBIT (EV/EBIT)	16.69	9.71	15.40	25.61	12.11	11.97	19.52	12.70	5.58	15.10	22.09
Enterprise Value to NOPAT (EV/NOPAT)	26.41	14.94	25.31	14.42	16.13	16.10	25.41	17.09	7.32	18.89	28.11
Enterprise Value to Operating Cash Flow (EV/OCF)	14.16	6.47	14.62	15.00	7.18	7.18	11.76	11.97	5.78	7.60	15.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	12.95	0.00	0.00	0.00	10.32	0.00	0.00	13.90	0.00	51.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.23	0.28	0.39	0.34	0.26	0.23	0.23	0.21	0.32	0.27
Long-Term Debt to Equity	0.15	0.18	0.20	0.29	0.23	0.18	0.15	0.16	0.15	0.26	0.21
Financial Leverage	-0.07	-0.08	-0.04	0.13	0.24	0.17	0.08	0.09	0.06	0.11	0.19
Leverage Ratio	1.94	2.01	2.09	2.17	2.05	1.90	1.81	1.80	1.78	1.78	1.74
Compound Leverage Factor	1.90	1.96	2.02	1.98	1.92	1.79	1.65	1.74	1.76	1.75	1.65
Debt to Total Capital	15.54%	18.72%	21.69%	28.21%	25.22%	20.86%	18.53%	18.77%	17.63%	24.46%	21.46%
Short-Term Debt to Total Capital	3.11%	4.39%	5.97%	7.46%	7.75%	6.97%	6.41%	5.90%	5.24%	4.86%	4.64%
Long-Term Debt to Total Capital	12.43%	14.33%	15.72%	20.75%	17.46%	13.89%	12.12%	12.87%	12.40%	19.60%	16.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.18%
Common Equity to Total Capital	84.40%	81.28%	78.26%	71.75%	74.75%	79.14%	81.47%	81.23%	82.37%	75.54%	76.36%
Debt to EBITDA	0.98	0.98	1.23	2.23	1.58	1.05	1.18	0.84	0.55	1.33	1.39
Net Debt to EBITDA	-0.19	-0.53	0.18	1.87	1.20	0.34	0.53	0.34	0.06	0.81	0.94
Long-Term Debt to EBITDA	0.78	0.75	0.89	1.64	1.10	0.70	0.77	0.58	0.38	1.07	1.09
Debt to NOPAT	2.09	2.01	2.94	2.32	3.53	2.50	3.34	1.75	0.95	3.11	4.20
Net Debt to NOPAT	-0.40	-1.07	0.43	1.95	2.67	0.81	1.51	0.71	0.10	1.89	2.85
Long-Term Debt to NOPAT	1.67	1.53	2.13	1.71	2.44	1.66	2.18	1.20	0.66	2.50	3.29
Altman Z-Score	5.45	5.05	4.40	3.92	3.75	4.14	3.97	4.57	4.80	4.01	4.00
Noncontrolling Interest Sharing Ratio	0.07%	0.03%	0.03%	0.06%	0.05%	0.02%	0.00%	0.00%	0.00%	0.00%	1.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.74	1.49	1.26	1.12	1.26	1.27	1.30	1.53	1.29	1.33
Quick Ratio	1.49	1.67	1.45	0.88	1.06	1.21	1.22	1.26	1.46	1.20	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	86	-26	-147	-206	177	-32	-8.43	191	-149	60
Operating Cash Flow to CapEx	83.12%	212.67%	97.27%	180.92%	111.66%	300.05%	156.19%	288.05%	260.01%	375.75%	502.52%
Free Cash Flow to Firm to Interest Expense	-14.47	28.88	-7.30	-21.83	-21.39	16.11	-3.43	-1.15	25.40	-11.06	4.17
Operating Cash Flow to Interest Expense	55.21	57.79	28.27	18.54	21.94	23.15	18.73	34.60	61.04	31.42	13.44
Operating Cash Flow Less CapEx to Interest Expense	-11.21	30.62	-0.79	8.29	2.29	15.43	6.74	22.59	37.56	23.06	10.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.16	2.81	2.07	2.06	2.05	1.87	1.71	1.86	2.04	1.46	1.36
Accounts Receivable Turnover	8.66	8.63	6.34	6.88	7.93	7.76	7.23	6.91	7.50	6.35	6.60
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.93	9.89	6.76	6.25	5.93	5.45	5.24	6.26	7.29	5.34	5.15
Accounts Payable Turnover	12.48	12.36	9.58	10.97	12.92	12.24	10.83	1.60	1.36	1.53	1.72
Days Sales Outstanding (DSO)	42.15	42.29	57.61	53.08	46.05	47.06	50.49	52.81	48.69	57.48	55.31
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	29.26	29.54	38.09	33.27	28.26	29.81	33.69	227.48	268.11	238.85	212.66
Cash Conversion Cycle (CCC)	12.89	12.75	19.52	19.81	17.79	17.25	16.79	-174.67	-219.42	-181.36	-157.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	580	568	654	932	1,231	1,167	1,280	1,466	1,637	1,956	2,006
Invested Capital Turnover	6.61	6.14	4.50	3.94	3.41	3.06	2.86	3.08	3.44	2.34	1.99
Increase / (Decrease) in Invested Capital	79	-11	86	278	299	-64	113	186	171	318	50
Enterprise Value (EV)	1,395	1,111	1,498	1,878	1,513	1,828	2,058	3,026	2,650	3,210	3,095
Market Capitalization	1,416	1,191	1,473	1,625	1,263	1,736	1,936	2,900	2,612	2,889	2,734
Book Value per Share	$16.05	$17.82	$18.54	$22.56	$28.60	$31.59	$34.79	$38.70	$48.14	$51.46	$26.81
Tangible Book Value per Share	$8.64	$10.23	$10.44	$11.30	$10.56	$13.80	$15.10	$16.37	$23.26	$18.77	$9.18
Total Capital	711	797	802	1,072	1,312	1,359	1,459	1,650	1,942	2,164	2,154
Total Debt	111	149	174	303	331	283	270	310	342	529	462
Total Long-Term Debt	88	114	126	223	229	189	177	212	241	424	362
Net Debt	-21	-80	26	254	250	92	123	126	38	321	314
Capital Expenditures (CapEx)	119	81	105	69	189	85	112	88	176	112	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	123	93	125	188	102	59	113	145	180	109	162
Debt-free Net Working Capital (DFNWC)	233	301	252	217	164	228	237	304	467	296	289
Net Working Capital (NWC)	211	266	205	137	62	133	144	207	365	191	189
Net Nonoperating Expense (NNE)	1.27	3.46	-16	-4.85	-108	6.37	7.44	5.60	5.16	2.42	6.08
Net Nonoperating Obligations (NNO)	-21	-80	26	162	250	92	92	126	38	321	314
Total Depreciation and Amortization (D&A)	29	37	45	62	84	117	124	131	154	184	193
Debt-free, Cash-free Net Working Capital to Revenue	3.46%	2.64%	4.55%	6.02%	2.77%	1.60%	3.23%	3.42%	3.37%	2.59%	4.10%
Debt-free Net Working Capital to Revenue	6.53%	8.54%	9.18%	6.93%	4.44%	6.20%	6.79%	7.19%	8.74%	7.05%	7.32%
Net Working Capital to Revenue	5.91%	7.54%	7.44%	4.37%	1.68%	3.62%	4.11%	4.90%	6.83%	4.55%	4.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.71	$0.99	$1.11	$2.04	$3.02	$1.61	$1.11	$2.57	$5.38	$2.65	$1.72
Adjusted Weighted Average Basic Shares Outstanding	73.18M	71.75M	67.68M	66.44M	66.79M	66.57M	66.36M	66.87M	66.42M	63.32M	60.62M
Adjusted Diluted Earnings per Share	$0.70	$0.99	$1.10	$2.03	$3.01	$1.60	$1.10	$2.53	$5.32	$2.62	$1.70
Adjusted Weighted Average Diluted Shares Outstanding	73.46M	71.94M	67.90M	66.70M	67.12M	66.96M	67.09M	67.78M	67.12M	63.95M	61.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	73.73M	71.30M	68.27M	68.76M	69.55M	68.50M	68.87M	69.38M	66.76M	62.83M	61.50M
Normalized Net Operating Profit after Tax (NOPAT)	60	74	59	51	94	114	81	163	344	164	109
Normalized NOPAT Margin	1.69%	2.11%	2.15%	1.63%	2.55%	3.10%	2.32%	3.85%	6.44%	3.91%	2.77%
Pre Tax Income Margin	2.29%	3.16%	3.42%	2.14%	3.17%	3.92%	2.75%	5.46%	8.76%	4.98%	3.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	46.85	38.53	26.84	10.86	13.00	13.89	11.29	32.60	63.23	15.83	9.69
NOPAT to Interest Expense	29.59	25.05	16.33	19.29	9.76	10.33	8.67	24.23	48.24	12.65	7.61
EBIT Less CapEx to Interest Expense	-19.57	11.36	-2.22	0.61	-6.64	6.18	-0.70	20.59	39.75	7.46	7.01
NOPAT Less CapEx to Interest Expense	-36.83	-2.13	-12.73	9.04	-9.88	2.61	-3.32	12.22	24.77	4.29	4.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.12%
Augmented Payout Ratio	34.96%	40.63%	133.68%	0.00%	0.00%	23.33%	0.00%	0.00%	21.01%	85.82%	95.74%

This table displays calculated financial ratios and metrics derived from Hub Group's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.24%	-25.76%	-24.39%	-23.37%	-13.26%	-5.19%	-3.70%	-1.17%	-8.43%	-8.20%	-5.31%
EBITDA Growth	-17.51%	-38.10%	-44.11%	-47.21%	-30.21%	-17.48%	-10.51%	1.49%	-2.19%	-7.28%	10.35%
EBIT Growth	-32.08%	-54.79%	-63.90%	-71.44%	-52.75%	-36.49%	-24.29%	5.82%	1.80%	-11.11%	25.26%
NOPAT Growth	-28.95%	-54.60%	-65.14%	-64.51%	-53.75%	-35.39%	-20.78%	-9.16%	-2.28%	-14.49%	20.21%
Net Income Growth	-29.40%	-54.78%	-65.12%	-63.69%	-56.21%	-37.61%	-22.51%	-15.33%	0.52%	-13.73%	22.56%
EPS Growth	-29.40%	-54.78%	-65.12%	-63.69%	-53.19%	-34.72%	-18.75%	-11.11%	0.00%	-10.64%	20.51%
Operating Cash Flow Growth	11.43%	9.53%	-32.35%	-7.62%	-9.91%	-47.01%	-57.20%	-99.39%	-13.02%	-12.08%	-35.19%
Free Cash Flow Firm Growth	-16.12%	24.60%	148.07%	-217.63%	129.00%	31.96%	-295.80%	91.71%	-398.26%	51.99%	65.37%
Invested Capital Growth	20.89%	14.80%	-7.82%	19.45%	-2.34%	8.68%	22.11%	2.55%	13.80%	4.44%	7.38%
Revenue Q/Q Growth	-10.36%	-9.70%	-1.50%	-3.88%	1.47%	-1.30%	0.04%	-1.36%	-5.99%	-1.05%	3.19%
EBITDA Q/Q Growth	-15.56%	-13.10%	-18.68%	-11.54%	11.63%	2.75%	-11.81%	0.33%	7.59%	-2.60%	4.96%
EBIT Q/Q Growth	-25.20%	-20.58%	-31.82%	-29.48%	23.73%	6.74%	-18.72%	-1.43%	19.03%	-6.79%	14.55%
NOPAT Q/Q Growth	-21.30%	-25.06%	-34.14%	-8.63%	2.58%	4.68%	-19.25%	4.76%	10.34%	-8.40%	13.52%
Net Income Q/Q Growth	-22.07%	-24.72%	-34.50%	-5.50%	-6.01%	7.25%	-18.65%	3.26%	11.58%	-7.95%	15.57%
EPS Q/Q Growth	-22.07%	-24.72%	-34.50%	-5.50%	-2.22%	6.82%	-17.02%	2.56%	10.00%	-4.55%	11.90%
Operating Cash Flow Q/Q Growth	-17.01%	47.70%	-23.26%	-1.79%	-19.06%	-13.12%	-38.03%	-98.61%	11,495.20%	-12.19%	-54.31%
Free Cash Flow Firm Q/Q Growth	-167.52%	28.19%	192.98%	-277.82%	124.43%	-268.49%	-167.57%	92.47%	-779.02%	72.88%	-93.00%
Invested Capital Q/Q Growth	8.64%	-2.90%	-9.91%	25.68%	-11.18%	8.06%	1.22%	5.55%	-1.43%	-0.83%	4.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	88.07%	86.37%	86.49%	86.24%	85.54%	85.62%	85.52%	84.78%	83.67%	84.18%	84.69%
EBITDA Margin	10.77%	10.36%	8.55%	7.87%	8.66%	9.02%	7.95%	8.08%	9.25%	9.11%	9.26%
Operating Margin	6.79%	5.97%	4.15%	2.98%	3.72%	4.01%	3.25%	3.24%	4.08%	3.79%	4.22%
EBIT Margin	6.79%	5.97%	4.13%	3.03%	3.70%	4.00%	3.25%	3.25%	4.11%	3.87%	4.30%
Profit (Net Income) Margin	5.36%	4.47%	2.97%	2.92%	2.71%	2.94%	2.39%	2.50%	2.97%	2.76%	3.10%
Tax Burden Percent	80.60%	76.10%	73.10%	96.67%	78.50%	77.21%	76.78%	81.90%	76.30%	75.97%	75.10%
Interest Burden Percent	97.96%	98.34%	98.35%	99.66%	93.22%	95.23%	95.84%	94.12%	94.71%	93.93%	95.87%
Effective Tax Rate	19.40%	23.90%	26.90%	3.33%	21.50%	22.79%	23.22%	18.10%	23.70%	24.03%	24.90%
Return on Invested Capital (ROIC)	17.49%	13.58%	8.43%	6.75%	6.72%	6.86%	5.72%	5.28%	6.47%	5.68%	6.00%
ROIC Less NNEP Spread (ROIC-NNEP)	15.61%	11.88%	7.10%	6.95%	4.93%	6.01%	4.68%	4.83%	5.82%	5.23%	5.75%
Return on Net Nonoperating Assets (RNNOA)	0.67%	0.33%	0.22%	0.77%	0.35%	0.65%	0.29%	0.92%	0.69%	0.73%	0.95%
Return on Equity (ROE)	18.16%	13.90%	8.65%	7.52%	7.07%	7.51%	6.01%	6.21%	7.17%	6.41%	6.95%
Cash Return on Invested Capital (CROIC)	1.79%	3.52%	21.79%	-8.27%	10.11%	-1.69%	-13.37%	3.04%	-7.02%	1.13%	-1.54%
Operating Return on Assets (OROA)	12.98%	10.54%	6.57%	4.44%	5.18%	5.65%	4.47%	4.42%	5.56%	5.18%	5.59%
Return on Assets (ROA)	10.25%	7.89%	4.72%	4.27%	3.79%	4.15%	3.29%	3.40%	4.02%	3.69%	4.03%
Return on Common Equity (ROCE)	18.16%	13.90%	8.65%	7.52%	7.07%	7.51%	6.01%	6.12%	7.06%	6.31%	6.84%
Return on Equity Simple (ROE_SIMPLE)	19.96%	17.07%	13.38%	0.00%	8.19%	7.03%	6.67%	0.00%	6.32%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	63	47	31	28	29	31	25	26	28	26	30
NOPAT Margin	5.47%	4.54%	3.04%	2.89%	2.92%	3.09%	2.50%	2.65%	3.11%	2.88%	3.17%
Net Nonoperating Expense Percent (NNEP)	1.87%	1.70%	1.32%	-0.20%	1.79%	0.85%	1.04%	0.46%	0.65%	0.45%	0.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.31%	-	-	-	1.20%	1.33%	1.22%	1.34%
Cost of Revenue to Revenue	11.93%	13.63%	13.51%	13.76%	14.46%	14.38%	14.48%	15.22%	16.33%	15.82%	15.31%
SG&A Expenses to Revenue	2.22%	2.57%	2.36%	2.97%	2.72%	2.83%	3.01%	2.97%	2.97%	3.19%	2.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	81.29%	80.40%	82.33%	83.25%	81.83%	81.61%	82.26%	81.54%	79.59%	80.38%	80.47%
Earnings before Interest and Taxes (EBIT)	78	62	42	30	37	39	32	32	38	35	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	124	108	88	78	87	89	78	79	85	82	87
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.68	1.65	1.53	1.77	1.69	1.63	1.74	1.66	1.39	1.22	1.24
Price to Tangible Book Value (P/TBV)	3.32	3.34	3.03	4.84	4.63	4.32	4.61	4.85	3.96	3.35	3.33
Price to Revenue (P/Rev)	0.54	0.55	0.55	0.69	0.68	0.67	0.71	0.69	0.59	0.54	0.57
Price to Earnings (P/E)	8.41	9.69	11.43	17.24	20.62	23.27	26.05	26.29	22.03	20.47	20.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.29%	0.58%	0.83%	1.12%	1.35%	1.50%	1.45%
Earnings Yield	11.89%	10.32%	8.75%	5.80%	4.85%	4.30%	3.84%	3.80%	4.54%	4.89%	4.98%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.61	1.55	1.64	1.65	1.55	1.63	1.54	1.32	1.19	1.20
Enterprise Value to Revenue (EV/Rev)	0.56	0.58	0.54	0.76	0.71	0.73	0.78	0.78	0.68	0.62	0.66
Enterprise Value to EBITDA (EV/EBITDA)	4.83	5.19	5.18	8.08	7.95	8.57	9.35	9.30	7.90	7.19	7.36
Enterprise Value to EBIT (EV/EBIT)	6.64	7.67	8.42	15.10	16.68	19.63	22.40	22.09	18.57	17.10	16.93
Enterprise Value to NOPAT (EV/NOPAT)	8.64	9.94	10.92	18.89	21.00	24.44	27.42	28.11	23.89	22.21	22.24
Enterprise Value to Operating Cash Flow (EV/OCF)	6.22	5.81	5.62	7.60	6.91	8.31	10.57	15.92	14.21	13.29	15.27
Enterprise Value to Free Cash Flow (EV/FCFF)	99.98	48.84	6.84	0.00	16.07	0.00	0.00	51.36	0.00	107.93	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.30	0.21	0.32	0.21	0.29	0.30	0.27	0.26	0.24	0.26
Long-Term Debt to Equity	0.23	0.24	0.15	0.26	0.14	0.23	0.23	0.21	0.20	0.19	0.20
Financial Leverage	0.04	0.03	0.03	0.11	0.07	0.11	0.06	0.19	0.12	0.14	0.17
Leverage Ratio	1.74	1.74	1.80	1.78	1.76	1.74	1.77	1.74	1.72	1.68	1.70
Compound Leverage Factor	1.71	1.71	1.77	1.77	1.64	1.66	1.69	1.64	1.63	1.58	1.63
Debt to Total Capital	22.50%	22.93%	17.59%	24.46%	17.14%	22.53%	22.84%	21.46%	20.61%	19.50%	20.48%
Short-Term Debt to Total Capital	4.57%	4.71%	5.20%	4.86%	5.31%	4.87%	4.74%	4.64%	4.66%	4.55%	4.28%
Long-Term Debt to Total Capital	17.92%	18.23%	12.39%	19.60%	11.83%	17.66%	18.10%	16.82%	15.95%	14.94%	16.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.18%	2.23%	2.39%	2.41%
Common Equity to Total Capital	77.50%	77.07%	82.41%	75.54%	82.86%	77.47%	77.16%	76.36%	77.16%	78.11%	77.11%
Debt to EBITDA	0.80	0.89	0.75	1.33	0.93	1.40	1.45	1.39	1.33	1.29	1.36
Net Debt to EBITDA	0.20	0.22	-0.16	0.81	0.33	0.69	0.83	0.94	0.85	0.72	0.86
Long-Term Debt to EBITDA	0.64	0.71	0.52	1.07	0.64	1.10	1.15	1.09	1.03	0.99	1.08
Debt to NOPAT	1.43	1.71	1.57	3.11	2.47	4.00	4.26	4.20	4.02	3.98	4.11
Net Debt to NOPAT	0.36	0.42	-0.33	1.89	0.88	1.98	2.42	2.85	2.57	2.23	2.59
Long-Term Debt to NOPAT	1.14	1.36	1.11	2.50	1.70	3.13	3.38	3.29	3.11	3.05	3.25
Altman Z-Score	4.32	4.26	3.85	3.80	3.77	3.82	3.91	3.87	3.73	3.66	3.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.41%	1.44%	1.52%	1.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.67	1.65	1.29	1.28	1.32	1.30	1.33	1.36	1.42	1.47
Quick Ratio	1.64	1.62	1.58	1.20	1.21	1.27	1.24	1.19	1.25	1.31	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-244	-175	163	-290	71	-119	-319	-24	-211	-57	-111
Operating Cash Flow to CapEx	536.05%	390.24%	289.76%	369.93%	571.77%	612.35%	547.14%	11.48%	449.95%	566.36%	473.81%
Free Cash Flow to Firm to Interest Expense	-82.26	-56.31	46.12	-76.10	18.17	-32.36	-89.17	-7.30	-65.10	-18.21	-36.57
Operating Cash Flow to Interest Expense	30.09	42.36	28.64	26.10	20.65	18.96	12.10	0.18	21.58	19.54	9.29
Operating Cash Flow Less CapEx to Interest Expense	24.48	31.51	18.76	19.04	17.04	15.87	9.89	-1.41	16.78	16.09	7.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.91	1.76	1.59	1.46	1.40	1.41	1.38	1.36	1.35	1.34	1.30
Accounts Receivable Turnover	7.06	6.83	6.34	6.35	6.28	6.64	6.50	6.60	6.61	6.63	6.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.08	6.46	5.83	5.34	5.21	5.18	5.17	5.15	5.12	5.09	4.95
Accounts Payable Turnover	1.40	1.51	1.43	1.53	1.64	1.71	1.62	1.72	1.84	1.89	1.92
Days Sales Outstanding (DSO)	51.67	53.41	57.60	57.48	58.13	55.00	56.18	55.31	55.19	55.07	58.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	260.60	241.39	254.85	238.85	222.01	213.28	224.64	212.66	198.89	192.64	190.05
Cash Conversion Cycle (CCC)	-208.92	-187.98	-197.26	-181.36	-163.87	-158.27	-168.46	-157.35	-143.71	-137.57	-131.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,779	1,727	1,556	1,956	1,737	1,877	1,900	2,006	1,977	1,961	2,040
Invested Capital Turnover	3.20	2.99	2.78	2.34	2.30	2.22	2.29	1.99	2.08	1.97	1.89
Increase / (Decrease) in Invested Capital	307	223	-132	318	-42	150	344	50	240	83	140
Enterprise Value (EV)	2,905	2,780	2,418	3,210	2,858	2,919	3,100	3,095	2,615	2,333	2,446
Market Capitalization	2,786	2,663	2,491	2,889	2,738	2,683	2,826	2,734	2,286	2,047	2,108
Book Value per Share	$49.70	$48.30	$50.92	$51.46	$26.45	$26.34	$26.16	$26.81	$26.80	$27.35	$27.81
Tangible Book Value per Share	$25.15	$23.92	$25.70	$18.77	$9.63	$9.96	$9.87	$9.18	$9.39	$9.99	$10.33
Total Capital	2,141	2,090	1,977	2,164	1,958	2,119	2,108	2,154	2,137	2,144	2,208
Total Debt	482	479	348	529	336	477	481	462	440	418	452
Total Long-Term Debt	384	381	245	424	232	374	382	362	341	320	358
Net Debt	120	117	-73	321	120	236	274	314	281	234	285
Capital Expenditures (CapEx)	17	34	35	27	14	11	7.92	5.26	16	11	5.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	190	152	129	109	88	84	101	162	156	154	201
Debt-free Net Working Capital (DFNWC)	533	495	529	296	283	305	287	289	297	317	348
Net Working Capital (NWC)	435	396	427	191	179	202	187	189	197	220	253
Net Nonoperating Expense (NNE)	1.25	0.73	0.65	-0.36	2.10	1.50	1.04	1.45	1.29	1.06	0.70
Net Nonoperating Obligations (NNO)	120	117	-73	321	115	236	274	314	281	234	285
Total Depreciation and Amortization (D&A)	46	46	45	48	50	49	46	47	47	47	46
Debt-free, Cash-free Net Working Capital to Revenue	3.66%	3.15%	2.86%	2.59%	2.17%	2.11%	2.56%	4.10%	4.04%	4.06%	5.40%
Debt-free Net Working Capital to Revenue	10.25%	10.23%	11.75%	7.05%	7.00%	7.63%	7.26%	7.32%	7.69%	8.39%	9.33%
Net Working Capital to Revenue	8.37%	8.20%	9.47%	4.55%	4.43%	5.04%	4.74%	4.79%	5.11%	5.81%	6.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.95	$0.73	$0.49	$0.23	$0.44	$0.48	$0.39	$0.40	$0.45	$0.42	$0.48
Adjusted Weighted Average Basic Shares Outstanding	65.10M	64.07M	62.28M	126.65M	61.33M	60.71M	60.37M	60.62M	60.19M	60.00M	60.01M
Adjusted Diluted Earnings per Share	$0.94	$0.72	$0.49	$0.23	$0.44	$0.47	$0.39	$0.40	$0.44	$0.42	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	65.68M	64.59M	62.99M	127.91M	61.67M	61.11M	60.95M	61.10M	60.42M	60.21M	60.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.23	$0.00	$0.00	$0.00	$0.40	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.70M	63.98M	1.15M	125.65M	62.32M	62.17M	61.36M	61.50M	61.24M	61.22M	61.15M
Normalized Net Operating Profit after Tax (NOPAT)	60	47	31	27	29	30	24	26	28	26	29
Normalized NOPAT Margin	5.19%	4.48%	2.98%	2.76%	2.88%	3.06%	2.46%	2.66%	3.11%	2.89%	3.13%
Pre Tax Income Margin	6.65%	5.87%	4.07%	3.02%	3.45%	3.81%	3.12%	3.06%	3.89%	3.64%	4.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.34	19.94	11.98	7.84	9.48	10.70	8.95	9.60	11.59	11.14	13.28
NOPAT to Interest Expense	21.22	15.16	8.79	7.46	7.48	8.27	6.88	7.84	8.78	8.29	9.79
EBIT Less CapEx to Interest Expense	20.73	9.09	2.09	0.78	5.87	7.60	6.74	8.00	6.80	7.69	11.32
NOPAT Less CapEx to Interest Expense	15.61	4.30	-1.09	0.40	3.87	5.18	4.67	6.24	3.98	4.84	7.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.12%	29.96%	31.04%	29.47%
Augmented Payout Ratio	0.00%	63.67%	53.83%	85.82%	127.65%	66.50%	87.31%	95.74%	84.02%	80.09%	42.56%

Financials Breakdown Chart

Key Financial Trends

Hub Group (HUBG) has shown a pattern of positive current profitability and cash generation in the latest quarters, but faces some near-term cash-flow headwinds from large non-operating costs, acquisitions, and financing activity. Below is a concise, investor-focused read drawn from the last four years of Hub Group’s quarterly cash flow, income statement, and balance sheet data.

Net income has remained positive in the latest quarters, generally in the mid-to-high $20s millions per quarter (for example, Q3 2025 Consolidated Net Income / (Loss) ≈ $28.93M), signaling ongoing profitability.
Free cash flow has been positive in the recent quarters, with CFO after capex roughly $50M in Q1 2025 and Q2 2025, and about $19–$20M in Q3 2025 (example CFOs: Q1 ≈ $70.0M; CapEx ≈ $19.2M; Q2 ≈ $61.5M; CapEx ≈ $11.3M; Q3 ≈ $28.1M; CapEx ≈ $8.7M).
Cash and equivalents stand around $120M in the latest quarter (Q3 2025), providing a meaningful liquidity cushion to weather near-term variability.
Total equity remains substantial (around $1.70B in Q3 2025), indicating a solid balance-sheet base to support operations and potential capital needs.

Revenue has softened modestly in 2025 versus the prior year, with Q3 2025 operating revenue about $934.5M versus roughly $986–$999M in corresponding 2024 quarters, signaling a softer top-line trend.
Balance-sheet leverage is in a moderate range, with long-term debt around $160M and total liabilities near $1.15B in Q3 2025, suggesting manageable leverage given the cash-flow base.
Reported margins are influenced by large “Other Operating Expenses” lines, which were substantial in several quarters (for example, about $683.7M in Q3 2025 and roughly $723.2M in Q4 2024), highlighting non-core costs that can distort operating margins from quarter to quarter.

Cash flow from operations declined in Q3 2025 to roughly $28.1M, after stronger levels earlier in 2025, signaling cash-collection volatility and a tighter near-term operating cash profile.
Acquisition-related cash outlays have been material, including about $183.38M in Q4 2024 and around $54.7M in Q3 2025, which weigh on near-term cash balances despite positive earnings.
Financing activity has frequently produced net cash outflows (debt repayments and dividends), reducing cash available for growth investments in several quarters.

05/05/26 08:46 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Hub Group's Financials

When does Hub Group's financial year end?

According to the most recent income statement we have on file, Hub Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hub Group's net income changed over the last 10 years?

Hub Group's net income appears to be on an upward trend, with a most recent value of $104.04 million in 2024, rising from $51.56 million in 2014. The previous period was $167.53 million in 2023. Find out what analysts predict for Hub Group in the coming months.

What is Hub Group's operating income?

Hub Group's total operating income in 2024 was $140.29 million, based on the following breakdown:

Total Gross Profit: $3.37 billion
Total Operating Expenses: $3.23 billion

How has Hub Group's revenue changed over the last 10 years?

Over the last 10 years, Hub Group's total revenue changed from $3.57 billion in 2014 to $3.95 billion in 2024, a change of 10.5%.

How much debt does Hub Group have?

Hub Group's total liabilities were at $1.18 billion at the end of 2024, a 9.6% decrease from 2023, and a 92.4% increase since 2014.

How much cash does Hub Group have?

In the past 10 years, Hub Group's cash and equivalents has ranged from $28.56 million in 2017 to $286.64 million in 2022, and is currently $98.25 million as of their latest financial filing in 2024.

How has Hub Group's book value per share changed over the last 10 years?

Over the last 10 years, Hub Group's book value per share changed from 16.05 in 2014 to 26.81 in 2024, a change of 67.1%.

Related Companies

Financial statements for NASDAQ:HUBG last updated on 11/24/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hub Group (HUBG) Financials

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