J.B. Hunt Transport Services (JBHT) Financials

$262.21 0.00 (0.00%)

Closing price 05/15/2026 04:00 PM Eastern

Extended Trading

$262.94 +0.73 (+0.28%)

As of 05/15/2026 07:46 PM Eastern

Annual Income Statements for J.B. Hunt Transport Services

This table shows J.B. Hunt Transport Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	427	432	686	490	516	506	761	969	728	571	598
Consolidated Net Income / (Loss)	427	432	686	490	516	506	761	969	728	571	598
Net Income / (Loss) Continuing Operations	427	432	686	490	516	506	761	969	728	571	598
Total Pre-Tax Income	690	696	595	641	681	666	1,000	1,281	935	760	794
Total Operating Income	716	721	624	681	734	713	1,046	1,332	993	831	865
Total Gross Profit	1,245	4,783	1,302	1,461	1,637	6,931	8,841	10,509	8,821	2,285	2,268
Total Revenue	6,188	6,555	7,190	8,615	9,165	9,637	12,168	14,814	12,830	12,087	11,999
Operating Revenue	6,188	6,555	7,190	8,615	9,165	9,637	12,168	14,814	12,830	12,087	11,999
Total Cost of Revenue	4,943	1,773	5,888	7,154	7,528	2,705	3,327	4,305	4,009	9,802	9,731
Operating Cost of Revenue	4,943	1,773	5,888	7,154	7,528	2,705	3,327	4,305	4,009	9,802	9,731
Total Operating Expenses	529	4,062	678	780	904	6,218	7,796	9,178	7,827	1,454	1,403
Selling, General & Admin Expense	73	87	126	163	192	180	196	215	275	306	282
Marketing Expense	74	78	124	129	157	134	165	318	316	314	335
Depreciation Expense	340	362	384	436	499	527	557	645	738	761	715
Other Operating Expenses / (Income)	43	3,535	45	51	55	5,376	6,878	8,000	6,499	73	72
Total Other Income / (Expense), net	-25	-25	-29	-40	-53	-47	-46	-50	-58	-72	-71
Interest Expense	26	25	29	40	55	48	46	51	66	79	75
Interest & Investment Income	0.09	0.07	0.24	0.22	1.75	0.49	0.49	1.07	7.62	7.31	4.25
Income Tax Expense	263	264	-91	151	165	160	239	312	207	189	196
Basic Earnings per Share	$3.69	$3.84	$6.24	$4.48	$4.81	$4.79	$7.22	$9.31	$7.04	$5.60	$6.16
Weighted Average Basic Shares Outstanding	115.68M	112.47M	109.99M	109.38M	107.33M	105.70M	105.36M	104.14M	103.44M	101.95M	97.09M
Diluted Earnings per Share	$3.66	$3.81	$6.18	$4.43	$4.77	$4.74	$7.14	$9.21	$6.97	$5.56	$6.12
Weighted Average Diluted Shares Outstanding	116.73M	113.36M	111.05M	110.43M	108.31M	106.77M	106.59M	105.28M	104.45M	102.75M	97.69M
Weighted Average Basic & Diluted Shares Outstanding	115.80M	112.50M	110M	109.30M	106.26M	83.66M	104.85M	103.77M	103.30M	100.01M	94.60M
Cash Dividends to Common per Share	$0.84	$0.88	$0.92	$0.96	$1.04	$1.08	$1.18	$1.60	$1.68	$1.72	$1.76

This table shows J.B. Hunt Transport Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	187	154	127	136	152	155	118	129	171	181	142
Consolidated Net Income / (Loss)	187	154	127	136	152	155	118	129	171	181	142
Net Income / (Loss) Continuing Operations	187	154	127	136	152	155	118	129	171	181	142
Total Pre-Tax Income	229	187	179	186	203	192	160	176	225	233	189
Total Operating Income	242	203	194	206	224	207	179	197	243	246	207
Total Gross Profit	2,165	-2,562	547	1,950	2,100	-2,322	1,950	552	2,056	-2,290	2,085
Total Revenue	3,164	3,304	2,944	2,929	3,068	3,146	2,921	2,928	3,053	3,097	3,056
Operating Revenue	3,164	3,304	2,944	2,929	3,068	3,146	2,921	2,928	3,053	3,097	3,056
Total Cost of Revenue	999	5,865	2,397	978	968	5,469	971	2,376	997	5,387	972
Operating Cost of Revenue	999	5,865	2,397	978	968	5,469	971	2,376	997	5,387	972
Total Operating Expenses	1,923	-2,765	353	1,745	1,876	-2,529	1,772	354	1,813	-2,537	1,878
Selling, General & Admin Expense	69	83	77	75	72	82	73	75	69	65	62
Marketing Expense	63	119	76	73	78	86	85	85	82	83	88
Depreciation Expense	188	194	183	185	188	206	179	177	179	179	179
Other Operating Expenses / (Income)	1,603	-3,161	18	1,412	1,537	-2,904	1,434	18	1,483	-2,864	1,549
Total Other Income / (Expense), net	-13	-16	-16	-20	-21	-15	-19	-21	-18	-13	-18
Interest Expense	13	24	16	20	21	22	19	21	18	17	18
Income Tax Expense	42	33	51	50	51	36	42	47	54	52	48
Basic Earnings per Share	$1.81	$1.49	$1.23	$1.33	$1.50	$1.54	$1.18	$1.32	$1.78	$1.88	$1.50
Weighted Average Basic Shares Outstanding	103.30M	103.44M	103.24M	102.39M	101.32M	101.95M	99.91M	97.45M	96.18M	97.09M	94.54M
Diluted Earnings per Share	$1.80	$1.47	$1.22	$1.32	$1.49	$1.53	$1.17	$1.31	$1.76	$1.88	$1.49
Weighted Average Diluted Shares Outstanding	104.39M	104.45M	104.11M	103.15M	102.14M	102.75M	100.49M	97.98M	96.85M	97.69M	95.20M
Weighted Average Basic & Diluted Shares Outstanding	103.14M	103.30M	103.20M	101.99M	100.83M	100.01M	99.19M	96.80M	95.22M	94.60M	94.30M
Cash Dividends to Common per Share	$0.42	-	$0.43	$0.43	$0.43	-	$0.44	$0.44	$0.44	-	$0.45

This table details how cash moves in and out of J.B. Hunt Transport Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-0.40	0.81	8.24	-7.01	27	278	42	-304	1.42	-6.36	-30
Net Cash From Operating Activities	873	854	855	1,088	1,098	1,123	1,224	1,777	1,745	1,483	1,678
Net Cash From Continuing Operating Activities	873	854	855	1,088	1,098	1,123	1,224	1,777	1,745	1,483	1,678
Net Income / (Loss) Continuing Operations	427	432	686	490	516	506	761	969	728	571	598
Consolidated Net Income / (Loss)	427	432	686	490	516	506	761	969	728	571	598
Depreciation Expense	340	362	384	436	499	527	557	645	738	761	715
Non-Cash Adjustments To Reconcile Net Income	36	46	66	59	106	111	122	136	205	180	181
Changes in Operating Assets and Liabilities, net	71	14	-281	103	-23	-22	-216	27	74	-29	184
Net Cash From Investing Activities	-577	-485	-651	-887	-804	-613	-877	-1,550	-1,685	-664	-575
Net Cash From Continuing Investing Activities	-577	-485	-651	-887	-804	-613	-877	-1,550	-1,685	-664	-575
Purchase of Property, Plant & Equipment	-725	-638	-527	-996	-854	-739	-948	-1,541	-1,862	-865	-731
Acquisitions	0.00	0.00	-137	0.00	-116	-12	0.00	-118	-85	3.79	0.00
Sale of Property, Plant & Equipment	169	153	16	110	166	138	71	109	262	191	156
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	6.93	0.00
Net Cash From Financing Activities	-297	-368	-196	-208	-267	-232	-305	-530	-58	-826	-1,133
Net Cash From Continuing Financing Activities	-297	-368	-196	-208	-267	-232	-305	-530	-58	-826	-1,133
Repayment of Debt	-2,388	-1,724	-2,613	-3,138	-2,154	-220	0.00	-1,771	-1,911	-3,171	-3,241
Repurchase of Common Equity	-262	-250	-180	-150	-276	-93	-152	-300	-160	-514	-923
Payment of Dividends	-97	-99	-101	-105	-112	-114	-124	-167	-174	-176	-171
Issuance of Debt	2,460	1,715	2,716	3,205	2,291	222	0.00	1,738	2,224	3,071	3,227
Other Financing Activities, net	-9.00	-10	-18	-20	-17	-27	-28	-31	-37	-36	-25
Cash Interest Paid	27	25	29	40	47	48	47	50	66	81	67
Cash Income Taxes Paid	163	144	191	84	72	95	204	196	135	305	124

This table details how cash moves in and out of J.B. Hunt Transport Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-221	-22	11	-11	66	-73	-3.58	7.49	1.39	-35	-13
Net Cash From Operating Activities	432	215	466	361	338	318	404	402	486	386	353
Net Cash From Continuing Operating Activities	432	215	466	361	338	318	404	402	486	386	353
Net Income / (Loss) Continuing Operations	187	154	127	136	152	155	118	129	171	181	142
Consolidated Net Income / (Loss)	187	154	127	136	152	155	118	129	171	181	142
Depreciation Expense	188	194	183	185	188	206	179	177	179	179	179
Non-Cash Adjustments To Reconcile Net Income	53	55	52	49	45	34	49	47	47	39	42
Changes in Operating Assets and Liabilities, net	3.90	-188	104	-8.98	-47	-77	58	49	90	-13	-10
Net Cash From Investing Activities	-551	-280	-162	-243	-72	-186	-225	-174	-92	-84	-71
Net Cash From Continuing Investing Activities	-551	-280	-162	-243	-72	-186	-225	-174	-92	-84	-71
Purchase of Property, Plant & Equipment	-500	-304	-203	-262	-175	-224	-246	-216	-134	-134	-110
Sale of Property, Plant & Equipment	33	24	37	20	96	38	21	42	42	50	40
Net Cash From Financing Activities	-102	43	-293	-129	-200	-204	-183	-221	-393	-337	-295
Net Cash From Continuing Financing Activities	-102	43	-293	-129	-200	-204	-183	-221	-393	-337	-295
Repayment of Debt	-	-	-618	-821	-862	-870	-1,306	-871	-772	-293	-1,176
Repurchase of Common Equity	-51	-25	-25	-203	-200	-86	-234	-319	-230	-140	-80
Payment of Dividends	-43	-43	-44	-44	-44	-43	-44	-43	-43	-42	-43
Issuance of Debt	-	130	408	938	910	815	1,407	1,010	654	157	1,012
Other Financing Activities, net	-7.39	-19	-14	1.69	-3.97	-20	-5.88	1.79	-1.93	-19	-7.67
Cash Interest Paid	26	9.37	29	14	28	9.31	26	6.26	36	-2.12	36
Cash Income Taxes Paid	59	20	5.35	172	66	63	3.75	117	5.46	-2.98	2.98

This table presents J.B. Hunt Transport Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	3,630	3,951	4,465	5,092	5,471	5,928	6,794	7,787	8,588	8,312	7,927
Total Current Assets	858	1,067	1,339	1,503	1,481	1,842	2,313	2,212	1,961	1,771	1,604
Cash & Equivalents	5.57	6.38	15	7.60	35	313	356	52	53	47	17
Accounts Receivable	731	935	1,204	1,326	1,242	1,310	1,723	1,859	1,566	1,482	1,160
Prepaid Expenses	98	108	99	147	183	195	210	260	300	200	427
Plant, Property, & Equipment, net	2,701	2,819	2,983	3,445	3,621	3,689	4,068	4,980	5,774	5,730	5,538
Plant, Property & Equipment, gross	4,019	4,259	4,670	612	5,641	5,909	6,680	7,999	8,768	9,149	9,348
Accumulated Depreciation	1,318	1,440	1,687	1,884	2,020	2,220	2,613	3,020	2,994	3,419	3,810
Total Noncurrent Assets	70	65	143	144	369	397	413	595	853	811	785
Goodwill	-	0.00	40	40	96	105	101	120	134	134	210
Other Noncurrent Operating Assets	70	62	30	38	166	185	222	359	585	581	575
Total Liabilities & Shareholders' Equity	3,630	3,951	4,465	5,092	5,471	5,928	6,794	7,787	8,588	8,312	7,927
Total Liabilities	2,329	2,537	2,626	2,990	3,204	3,328	3,677	4,120	4,484	4,298	4,362
Total Current Liabilities	532	695	922	1,352	1,036	1,085	1,730	1,568	1,453	1,678	1,935
Short-Term Debt	-	-	0.00	251	-	0.00	356	0.00	250	500	700
Accounts Payable	340	384	599	710	603	588	773	799	737	646	656
Accrued Expenses	133	27	29	36	85	90	103	129	150	153	159
Current Employee Benefit Liabilities	59	52	42	81	68	131	191	188	95	122	110
Other Current Liabilities	-	231	252	275	280	276	307	452	220	257	310
Total Noncurrent Liabilities	1,797	1,842	1,704	1,638	2,168	2,243	1,947	2,552	3,032	2,620	2,427
Long-Term Debt	998	986	1,086	898	1,296	1,305	945	1,262	1,326	978	767
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	-	-	327	369	444
Noncurrent Deferred & Payable Income Tax Liabilities	740	791	542	-	699	692	745	921	986	896	908
Other Noncurrent Operating Liabilities	59	65	77	740	173	246	256	369	393	377	307
Total Equity & Noncontrolling Interests	1,300	1,414	1,839	2,101	2,267	2,600	3,118	3,667	4,104	4,015	3,565
Total Preferred & Common Equity	1,300	1,414	1,839	2,101	2,267	2,600	3,118	3,667	4,104	4,015	3,565
Total Common Equity	1,300	1,414	1,839	2,101	2,267	2,600	3,118	3,667	4,104	4,015	3,565
Common Stock	270	295	312	342	376	410	450	502	551	586	3,565

This table presents J.B. Hunt Transport Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	3/31/2026
Total Assets	8,248	8,373	8,588	8,428	8,416	8,326	8,312	8,256	8,241	8,108	7,931
Total Current Assets	2,138	1,970	1,961	1,950	1,914	1,926	1,771	1,671	1,687	1,676	1,717
Cash & Equivalents	296	75	53	64	54	120	47	43	51	52	4.56
Accounts Receivable	1,286	1,370	1,566	1,272	1,252	1,263	1,482	1,203	1,182	1,231	1,327
Prepaid Expenses	555	525	300	613	609	543	200	424	454	393	385
Plant, Property, & Equipment, net	5,484	5,718	5,774	5,795	5,833	5,751	5,730	5,760	5,751	5,641	5,435
Plant, Property & Equipment, gross	8,424	8,660	8,768	8,866	9,008	9,054	9,149	9,266	9,373	9,341	9,331
Accumulated Depreciation	2,940	2,942	2,994	3,071	3,174	3,303	3,419	3,506	3,623	3,700	3,896
Total Noncurrent Assets	626	685	853	683	669	648	811	825	804	791	778
Goodwill	227	276	134	262	257	251	134	226	221	216	205
Other Noncurrent Operating Assets	399	409	585	421	412	397	581	599	583	575	573
Total Liabilities & Shareholders' Equity	8,248	8,373	8,588	8,428	8,416	8,326	8,312	8,256	8,241	8,108	7,931
Total Liabilities	4,336	4,355	4,484	4,261	4,340	4,326	4,298	4,389	4,586	4,536	4,336
Total Current Liabilities	1,769	1,779	1,453	1,544	1,581	2,041	1,678	1,874	1,933	1,933	1,365
Short-Term Debt	250	250	250	0.00	0.00	500	500	699	699	700	0.00
Accounts Payable	767	809	737	732	725	673	646	641	655	665	752
Accrued Expenses	139	141	150	143	151	146	153	146	163	142	163
Current Employee Benefit Liabilities	120	98	95	94	111	108	122	115	136	142	127
Other Current Liabilities	492	481	220	576	594	613	257	273	279	285	323
Total Noncurrent Liabilities	2,567	2,576	3,032	2,717	2,758	2,284	2,620	2,515	2,653	2,603	2,971
Long-Term Debt	1,195	1,196	1,326	1,367	1,484	1,032	978	880	1,020	902	1,303
Asset Retirement Reserve & Litigation Obligation	-	-	327	-	-	-	369	413	416	420	481
Noncurrent Deferred & Payable Income Tax Liabilities	979	987	986	953	880	862	896	860	865	938	889
Other Noncurrent Operating Liabilities	393	394	393	398	394	390	377	362	351	342	299
Total Equity & Noncontrolling Interests	3,912	4,018	4,104	4,166	4,076	4,000	4,015	3,867	3,655	3,572	3,594
Total Preferred & Common Equity	3,912	4,018	4,104	4,166	4,076	4,000	4,015	3,867	3,655	3,572	3,594
Total Common Equity	3,912	4,018	4,104	4,166	4,076	4,000	4,015	3,867	3,655	3,572	3,594
Common Stock	3,912	4,018	551	4,166	4,076	4,000	586	3,867	3,655	3,572	3,594

This table displays calculated financial ratios and metrics derived from J.B. Hunt Transport Services' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.36%	5.94%	9.67%	19.82%	6.39%	5.14%	26.27%	21.74%	-13.40%	-5.79%	-0.73%
EBITDA Growth	13.96%	2.58%	-6.95%	10.88%	10.39%	0.61%	29.19%	23.30%	-12.39%	-8.02%	-0.79%
EBIT Growth	13.32%	0.74%	-13.49%	9.17%	7.75%	-2.82%	46.61%	27.36%	-25.41%	-16.31%	4.07%
NOPAT Growth	13.16%	1.07%	60.62%	-27.65%	6.95%	-2.63%	46.84%	26.61%	-23.19%	-19.25%	4.31%
Net Income Growth	13.99%	1.14%	58.82%	-28.66%	5.46%	-1.99%	50.35%	27.41%	-24.87%	-21.61%	4.80%
EPS Growth	15.82%	4.10%	62.20%	-28.32%	7.67%	-0.63%	50.63%	28.99%	-24.32%	-20.23%	10.07%
Operating Cash Flow Growth	35.02%	-2.19%	0.12%	27.21%	0.97%	2.23%	9.00%	45.18%	-1.82%	-14.99%	13.16%
Free Cash Flow Firm Growth	1,204.12%	22.76%	-41.49%	-7.40%	44.63%	75.76%	-32.04%	-40.13%	-87.74%	3,285.69%	34.28%
Invested Capital Growth	7.54%	4.41%	21.57%	11.43%	8.78%	1.83%	13.12%	20.01%	15.38%	-3.22%	-7.91%
Revenue Q/Q Growth	0.19%	1.55%	3.89%	3.95%	1.47%	3.07%	6.66%	1.04%	-2.63%	-1.29%	-0.41%
EBITDA Q/Q Growth	1.93%	0.45%	-3.64%	-1.00%	8.51%	0.71%	8.20%	-0.51%	-3.12%	0.94%	0.84%
EBIT Q/Q Growth	1.42%	0.20%	-7.22%	-3.28%	12.64%	0.37%	12.34%	-2.96%	-7.34%	0.45%	4.77%
NOPAT Q/Q Growth	1.28%	0.41%	64.58%	-37.11%	11.35%	1.48%	12.39%	-3.83%	-5.25%	0.13%	3.76%
Net Income Q/Q Growth	1.53%	0.19%	63.98%	-37.73%	12.16%	1.88%	13.11%	-4.05%	-6.16%	0.34%	4.47%
EPS Q/Q Growth	2.52%	0.79%	64.80%	-37.61%	13.03%	1.94%	13.33%	-3.66%	-6.19%	1.09%	6.07%
Operating Cash Flow Q/Q Growth	1.86%	-0.72%	7.06%	8.33%	-11.98%	4.77%	3.57%	10.40%	-10.58%	7.43%	4.22%
Free Cash Flow Firm Q/Q Growth	47.48%	-3.63%	-3.99%	-19.71%	17.78%	0.83%	-33.51%	158.59%	-74.30%	34.35%	17.75%
Invested Capital Q/Q Growth	2.49%	3.04%	14.17%	3.19%	3.40%	3.46%	10.05%	4.54%	4.42%	0.60%	-2.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.11%	72.96%	18.10%	16.96%	17.87%	71.93%	72.66%	70.94%	18.68%	18.90%	18.90%
EBITDA Margin	17.06%	16.51%	14.01%	12.96%	13.45%	12.87%	13.17%	13.34%	13.49%	13.17%	13.17%
Operating Margin	11.57%	11.00%	8.68%	7.91%	8.01%	7.40%	8.59%	8.99%	7.74%	6.88%	7.21%
EBIT Margin	11.57%	11.00%	8.68%	7.91%	8.01%	7.40%	8.59%	8.99%	7.74%	6.88%	7.21%
Profit (Net Income) Margin	6.90%	6.59%	9.55%	5.68%	5.63%	5.25%	6.25%	6.54%	5.68%	4.72%	4.99%
Tax Burden Percent	61.90%	62.10%	115.29%	76.40%	75.83%	75.98%	76.10%	75.65%	77.90%	75.16%	75.34%
Interest Burden Percent	96.44%	96.50%	95.42%	94.10%	92.79%	93.40%	95.62%	96.23%	94.13%	91.37%	91.80%
Effective Tax Rate	38.10%	37.90%	-15.29%	23.60%	24.17%	24.02%	23.90%	24.35%	22.10%	24.84%	24.66%
Return on Invested Capital (ROIC)	20.02%	19.11%	27.12%	16.91%	16.44%	15.22%	20.79%	22.53%	14.73%	11.29%	12.46%
ROIC Less NNEP Spread (ROIC-NNEP)	18.38%	17.52%	23.91%	14.13%	13.10%	12.04%	17.19%	19.01%	11.41%	7.64%	8.75%
Return on Net Nonoperating Assets (RNNOA)	14.09%	12.73%	15.07%	7.94%	7.20%	5.57%	5.83%	6.04%	4.01%	2.78%	3.32%
Return on Equity (ROE)	34.11%	31.84%	42.19%	24.85%	23.64%	20.79%	26.61%	28.58%	18.74%	14.06%	15.79%
Cash Return on Invested Capital (CROIC)	12.76%	14.79%	7.65%	6.10%	8.02%	13.41%	8.47%	4.35%	0.45%	14.56%	20.70%
Operating Return on Assets (OROA)	20.43%	19.02%	14.82%	14.25%	13.89%	12.51%	16.44%	18.26%	12.13%	9.84%	10.65%
Return on Assets (ROA)	12.19%	11.40%	16.31%	10.25%	9.78%	8.88%	11.96%	13.30%	8.90%	6.76%	7.37%
Return on Common Equity (ROCE)	34.11%	31.84%	42.19%	24.85%	23.64%	20.79%	26.61%	28.58%	18.74%	14.06%	15.79%
Return on Equity Simple (ROE_SIMPLE)	32.86%	30.56%	37.31%	23.30%	22.78%	19.46%	24.40%	26.44%	17.75%	14.22%	0.00%
Net Operating Profit after Tax (NOPAT)	443	448	719	520	556	542	796	1,007	774	625	652
NOPAT Margin	7.16%	6.83%	10.00%	6.04%	6.07%	5.62%	6.54%	6.80%	6.03%	5.17%	5.43%
Net Nonoperating Expense Percent (NNEP)	1.64%	1.59%	3.21%	2.78%	3.34%	3.18%	3.59%	3.52%	3.32%	3.65%	3.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	20.44%	13.62%	11.38%	12.95%
Cost of Revenue to Revenue	79.89%	27.04%	81.90%	83.04%	82.13%	28.07%	27.34%	29.06%	81.32%	81.10%	81.10%
SG&A Expenses to Revenue	1.17%	1.33%	1.75%	1.90%	2.09%	1.87%	1.61%	1.45%	2.14%	2.53%	2.35%
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	8.55%	61.96%	9.43%	9.05%	9.86%	64.53%	64.06%	61.95%	10.94%	12.03%	11.69%
Earnings before Interest and Taxes (EBIT)	716	721	624	681	734	713	1,046	1,332	993	831	865
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,055	1,083	1,007	1,117	1,233	1,240	1,603	1,976	1,731	1,592	1,580
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.97	7.18	6.46	4.59	5.27	5.38	6.71	4.82	4.96	4.28	5.18
Price to Tangible Book Value (P/TBV)	5.97	7.20	6.89	4.83	5.78	5.86	7.15	5.15	5.31	4.54	5.51
Price to Revenue (P/Rev)	1.25	1.55	1.65	1.12	1.30	1.45	1.72	1.19	1.59	1.42	1.54
Price to Earnings (P/E)	18.16	23.51	17.32	19.71	23.13	27.63	27.51	18.24	27.95	30.06	30.87
Dividend Yield	1.54%	0.97%	0.85%	1.09%	0.93%	0.82%	0.59%	0.94%	0.85%	1.01%	0.91%
Earnings Yield	5.51%	4.25%	5.77%	5.07%	4.32%	3.62%	3.63%	5.48%	3.58%	3.33%	3.24%
Enterprise Value to Invested Capital (EV/IC)	3.82	4.65	4.45	3.33	3.74	4.17	5.38	3.87	3.89	3.41	3.97
Enterprise Value to Revenue (EV/Rev)	1.41	1.70	1.80	1.25	1.44	1.55	1.80	1.28	1.71	1.54	1.66
Enterprise Value to EBITDA (EV/EBITDA)	8.29	10.29	12.86	9.66	10.71	12.07	13.65	9.56	12.64	11.68	12.61
Enterprise Value to EBIT (EV/EBIT)	12.23	15.45	20.77	15.84	17.99	21.00	20.93	14.18	22.03	22.37	23.02
Enterprise Value to NOPAT (EV/NOPAT)	19.75	24.88	18.02	20.74	23.72	27.64	27.50	18.75	28.28	29.76	30.56
Enterprise Value to Operating Cash Flow (EV/OCF)	10.02	13.04	15.15	9.92	12.02	13.34	17.88	10.63	12.54	12.54	11.87
Enterprise Value to Free Cash Flow (EV/FCFF)	30.99	32.14	63.90	57.46	48.61	31.37	67.44	97.25	918.98	23.07	18.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	0.70	0.59	0.55	0.57	0.50	0.42	0.34	0.38	0.37	0.41
Long-Term Debt to Equity	0.77	0.70	0.59	0.43	0.57	0.50	0.30	0.34	0.32	0.24	0.22
Financial Leverage	0.77	0.73	0.63	0.56	0.55	0.46	0.34	0.32	0.35	0.36	0.38
Leverage Ratio	2.80	2.79	2.59	2.43	2.42	2.34	2.23	2.15	2.11	2.08	2.14
Compound Leverage Factor	2.70	2.69	2.47	2.28	2.24	2.19	2.13	2.07	1.98	1.90	1.97
Debt to Total Capital	43.42%	41.09%	37.12%	35.35%	36.37%	33.42%	29.45%	25.60%	27.75%	26.91%	29.15%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	7.71%	0.00%	0.00%	8.06%	0.00%	4.40%	9.10%	13.91%
Long-Term Debt to Total Capital	43.42%	41.09%	37.12%	27.64%	36.37%	33.42%	21.39%	25.60%	23.35%	17.80%	15.24%
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%	0.00%
Common Equity to Total Capital	56.58%	58.91%	62.88%	64.65%	63.63%	66.58%	70.55%	74.40%	72.25%	73.09%	70.85%
Debt to EBITDA	0.95	0.91	1.08	1.03	1.05	1.05	0.81	0.64	0.91	0.93	0.93
Net Debt to EBITDA	0.94	0.91	1.06	1.02	1.02	0.80	0.59	0.61	0.88	0.90	0.92
Long-Term Debt to EBITDA	0.95	0.91	1.08	0.80	1.05	1.05	0.59	0.64	0.77	0.61	0.49
Debt to NOPAT	2.25	2.20	1.51	2.21	2.33	2.41	1.64	1.25	2.04	2.37	2.25
Net Debt to NOPAT	2.24	2.19	1.49	2.19	2.27	1.83	1.19	1.20	1.97	2.29	2.22
Long-Term Debt to NOPAT	2.25	2.20	1.51	1.73	2.33	2.41	1.19	1.25	1.71	1.56	1.18
Altman Z-Score	5.57	5.92	6.09	5.26	5.63	5.87	6.98	6.30	5.81	5.44	5.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.54	1.45	1.11	1.43	1.70	1.34	1.41	1.35	1.06	0.83
Quick Ratio	1.38	1.35	1.32	0.99	1.23	1.50	1.20	1.22	1.12	0.91	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	282	347	203	188	272	477	324	194	24	806	1,082
Operating Cash Flow to CapEx	156.95%	176.02%	167.51%	122.85%	159.60%	186.90%	139.55%	124.09%	109.02%	219.92%	291.99%
Free Cash Flow to Firm to Interest Expense	11.04	13.70	7.04	4.64	4.97	10.03	7.01	3.79	0.36	10.20	14.39
Operating Cash Flow to Interest Expense	34.14	33.77	29.71	26.91	20.09	23.60	26.46	34.67	26.46	18.77	22.32
Operating Cash Flow Less CapEx to Interest Expense	12.39	14.58	11.97	5.01	7.50	10.97	7.50	6.73	2.19	10.23	14.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.77	1.73	1.71	1.80	1.74	1.69	1.91	2.03	1.57	1.43	1.48
Accounts Receivable Turnover	8.93	7.87	6.72	6.81	7.14	7.55	8.02	8.27	7.49	7.93	8.44
Inventory Turnover	194.11	84.88	299.91	335.37	349.45	120.47	136.26	131.18	252.05	233.81	232.06
Fixed Asset Turnover	2.39	2.38	2.48	2.68	2.59	2.64	3.14	3.27	2.39	2.10	2.13
Accounts Payable Turnover	14.84	4.89	11.98	10.94	11.47	4.55	4.89	5.48	13.58	14.17	14.95
Days Sales Outstanding (DSO)	40.85	46.39	54.30	53.61	51.14	48.34	45.50	44.13	48.72	46.02	43.23
Days Inventory Outstanding (DIO)	1.88	4.30	1.22	1.09	1.04	3.03	2.68	2.78	1.45	1.56	1.57
Days Payable Outstanding (DPO)	24.60	74.61	30.47	33.37	31.82	80.29	74.61	66.62	26.87	25.75	24.41
Cash Conversion Cycle (CCC)	18.14	-23.92	25.05	21.32	20.37	-28.92	-26.44	-19.71	23.30	21.83	20.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,293	2,394	2,910	3,243	3,528	3,592	4,063	4,877	5,626	5,445	5,015
Invested Capital Turnover	2.80	2.80	2.71	2.80	2.71	2.71	3.18	3.31	2.44	2.18	2.29
Increase / (Decrease) in Invested Capital	161	101	516	333	285	64	471	813	750	-181	-431
Enterprise Value (EV)	8,751	11,140	12,959	10,790	13,201	14,976	21,878	18,888	21,878	18,594	19,917
Market Capitalization	7,758	10,160	11,888	9,648	11,940	13,983	20,932	17,678	20,356	17,163	18,468
Book Value per Share	$11.35	$12.60	$16.76	$19.25	$21.27	$24.60	$29.69	$35.41	$39.79	$39.81	$37.44
Tangible Book Value per Share	$11.35	$12.58	$15.73	$18.28	$19.37	$22.60	$27.87	$33.13	$37.19	$37.52	$35.23
Total Capital	2,298	2,400	2,925	3,250	3,563	3,906	4,419	4,929	5,680	5,492	5,032
Total Debt	998	986	1,086	1,149	1,296	1,305	1,301	1,262	1,576	1,478	1,467
Total Long-Term Debt	998	986	1,086	898	1,296	1,305	945	1,262	1,326	978	767
Net Debt	992	980	1,071	1,141	1,261	992	946	1,210	1,523	1,431	1,450
Capital Expenditures (CapEx)	556	485	511	885	688	601	877	1,432	1,600	674	575
Debt-free, Cash-free Net Working Capital (DFCFNWC)	320	366	402	394	411	444	584	592	705	546	351
Debt-free Net Working Capital (DFNWC)	326	373	417	401	446	757	940	644	759	593	369
Net Working Capital (NWC)	326	373	417	151	446	757	584	644	509	93	-331
Net Nonoperating Expense (NNE)	16	16	33	31	40	36	35	38	45	54	53
Net Nonoperating Obligations (NNO)	992	980	1,071	1,142	1,261	992	946	1,210	1,523	1,431	1,450
Total Depreciation and Amortization (D&A)	340	362	384	436	499	527	557	645	738	761	715
Debt-free, Cash-free Net Working Capital to Revenue	5.17%	5.59%	5.60%	4.57%	4.48%	4.61%	4.80%	3.99%	5.50%	4.52%	2.93%
Debt-free Net Working Capital to Revenue	5.26%	5.68%	5.80%	4.66%	4.86%	7.86%	7.72%	4.34%	5.91%	4.91%	3.07%
Net Working Capital to Revenue	5.26%	5.68%	5.80%	1.75%	4.86%	7.86%	4.80%	4.34%	3.97%	0.77%	-2.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.69	$3.84	$6.24	$4.48	$4.81	$4.79	$7.22	$9.31	$7.04	$5.60	$6.16
Adjusted Weighted Average Basic Shares Outstanding	115.68M	112.47M	109.99M	109.38M	107.33M	105.70M	105.36M	104.14M	103.44M	101.95M	97.09M
Adjusted Diluted Earnings per Share	$3.66	$3.81	$6.18	$4.43	$4.77	$4.74	$7.14	$9.21	$6.97	$5.56	$6.12
Adjusted Weighted Average Diluted Shares Outstanding	116.73M	113.36M	111.05M	110.43M	108.31M	106.77M	106.59M	105.28M	104.45M	102.75M	97.69M
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	112.77M	111.31M	109.75M	108.74M	106.26M	83.66M	104.85M	103.77M	103.30M	100.01M	94.60M
Normalized Net Operating Profit after Tax (NOPAT)	443	448	437	520	556	542	796	1,007	774	625	652
Normalized NOPAT Margin	7.16%	6.83%	6.07%	6.04%	6.07%	5.62%	6.54%	6.80%	6.03%	5.17%	5.43%
Pre Tax Income Margin	11.15%	10.61%	8.28%	7.44%	7.43%	6.91%	8.22%	8.65%	7.29%	6.28%	6.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.98	28.51	21.67	16.85	13.42	14.99	22.61	25.98	15.06	10.52	11.50
NOPAT to Interest Expense	17.32	17.70	24.98	12.87	10.18	11.39	17.20	19.66	11.73	7.91	8.67
EBIT Less CapEx to Interest Expense	6.23	9.32	3.94	-5.06	0.83	2.36	3.64	-1.96	-9.21	1.98	3.86
NOPAT Less CapEx to Interest Expense	-4.43	-1.48	7.25	-9.03	-2.41	-1.24	-1.76	-8.28	-12.54	-0.63	1.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.79%	22.91%	14.77%	21.45%	21.66%	22.57%	16.36%	17.20%	23.88%	30.75%	28.59%
Augmented Payout Ratio	84.18%	80.71%	40.97%	52.15%	75.05%	40.86%	36.30%	48.15%	45.79%	120.77%	182.91%

This table displays calculated financial ratios and metrics derived from J.B. Hunt Transport Services' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	94,299,203.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	94,299,203.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.57%	-9.48%	-8.84%	-6.51%	-3.02%	-4.76%	-0.77%	-0.02%	-0.50%	-1.58%	4.62%
EBITDA Growth	-18.79%	-12.31%	-16.75%	-13.38%	-4.04%	3.72%	-5.09%	-4.13%	2.35%	3.18%	7.90%
EBIT Growth	-33.27%	-27.90%	-29.95%	-24.01%	-7.28%	1.85%	-8.07%	-4.10%	8.28%	19.04%	15.88%
NOPAT Growth	-29.35%	-20.36%	-33.63%	-24.80%	-15.25%	0.45%	-5.22%	-4.30%	10.05%	14.09%	17.91%
Net Income Growth	-30.42%	-23.73%	-35.53%	-28.32%	-18.87%	1.25%	-7.65%	-5.34%	12.35%	16.48%	20.23%
EPS Growth	-29.96%	-23.83%	-35.45%	-27.07%	-17.22%	4.08%	-4.10%	-0.76%	18.12%	22.88%	27.35%
Operating Cash Flow Growth	-24.27%	-48.99%	-4.34%	-40.86%	-21.70%	47.73%	-13.35%	11.51%	43.70%	21.40%	-12.66%
Free Cash Flow Firm Growth	24.01%	3.40%	7.45%	19.06%	127.29%	159.86%	157.42%	210.94%	231.19%	78.23%	236.84%
Invested Capital Growth	15.52%	15.38%	9.68%	8.80%	0.45%	-3.22%	-1.21%	-3.31%	-5.38%	-7.91%	-9.44%
Revenue Q/Q Growth	0.99%	4.42%	-10.89%	-0.52%	4.76%	2.55%	-7.15%	0.23%	4.26%	1.43%	-1.30%
EBITDA Q/Q Growth	-4.72%	-7.38%	-5.12%	3.45%	5.56%	0.11%	-13.18%	4.49%	12.70%	0.92%	-9.21%
EBIT Q/Q Growth	-10.71%	-15.90%	-4.38%	5.83%	8.94%	-7.62%	-13.70%	10.41%	23.01%	1.57%	-15.99%
NOPAT Q/Q Growth	-1.31%	-15.57%	-16.95%	8.66%	11.23%	0.07%	-21.63%	9.71%	27.92%	3.73%	-19.01%
Net Income Q/Q Growth	-1.12%	-18.08%	-16.96%	6.57%	11.92%	2.23%	-24.26%	9.24%	32.83%	5.98%	-21.82%
EPS Q/Q Growth	-0.55%	-18.33%	-17.01%	8.20%	12.88%	2.68%	-23.53%	11.97%	34.35%	6.82%	-20.74%
Operating Cash Flow Q/Q Growth	-29.09%	-50.27%	116.96%	-22.71%	-6.12%	-6.16%	27.25%	-0.53%	20.99%	-20.73%	-8.44%
Free Cash Flow Firm Q/Q Growth	-44.64%	-10.79%	41.02%	14.35%	148.76%	143.04%	-43.42%	65.46%	45.56%	30.79%	6.93%
Invested Capital Q/Q Growth	6.47%	4.42%	-2.80%	0.69%	-1.70%	0.60%	-0.78%	-1.46%	-3.80%	-2.09%	-2.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.42%	-77.53%	66.66%	18.98%	68.08%	-73.81%	66.76%	18.84%	67.34%	-73.97%	68.21%
EBITDA Margin	13.57%	12.04%	12.82%	13.33%	13.43%	13.11%	12.26%	12.78%	13.82%	13.75%	12.64%
Operating Margin	7.64%	6.15%	6.60%	7.02%	7.30%	6.58%	6.12%	6.74%	7.95%	7.96%	6.77%
EBIT Margin	7.64%	6.15%	6.60%	7.02%	7.30%	6.58%	6.12%	6.74%	7.95%	7.96%	6.77%
Profit (Net Income) Margin	5.92%	4.65%	4.33%	4.64%	4.96%	4.94%	4.03%	4.39%	5.60%	5.85%	4.63%
Tax Burden Percent	81.80%	82.13%	71.34%	73.24%	74.78%	81.00%	73.55%	73.09%	76.01%	77.63%	74.84%
Interest Burden Percent	94.79%	91.97%	91.95%	90.18%	90.74%	92.70%	89.59%	89.21%	92.64%	94.64%	91.35%
Effective Tax Rate	18.20%	17.87%	28.66%	26.76%	25.22%	19.00%	26.45%	26.91%	23.99%	22.37%	25.16%
Return on Invested Capital (ROIC)	16.38%	12.35%	11.30%	12.02%	12.38%	11.64%	9.98%	10.97%	13.82%	14.18%	11.95%
ROIC Less NNEP Spread (ROIC-NNEP)	15.57%	11.36%	10.41%	10.87%	11.27%	10.81%	9.02%	9.97%	12.90%	13.46%	11.00%
Return on Net Nonoperating Assets (RNNOA)	5.24%	4.00%	3.26%	3.51%	3.91%	3.93%	3.19%	3.99%	5.05%	5.12%	4.18%
Return on Equity (ROE)	21.62%	16.34%	14.56%	15.52%	16.29%	15.57%	13.17%	14.96%	18.87%	19.29%	16.13%
Cash Return on Invested Capital (CROIC)	1.84%	0.45%	4.23%	3.96%	11.11%	14.56%	12.58%	14.66%	17.45%	20.70%	23.03%
Operating Return on Assets (OROA)	12.74%	9.64%	10.21%	10.40%	10.71%	9.41%	8.85%	9.76%	11.66%	11.76%	10.16%
Return on Assets (ROA)	9.88%	7.28%	6.70%	6.87%	7.27%	7.07%	5.83%	6.36%	8.21%	8.64%	6.94%
Return on Common Equity (ROCE)	21.62%	16.34%	14.56%	15.52%	16.29%	15.57%	13.17%	14.96%	18.87%	19.29%	16.13%
Return on Equity Simple (ROE_SIMPLE)	19.31%	0.00%	15.79%	14.83%	14.22%	0.00%	14.51%	15.15%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	198	167	139	151	168	168	131	144	184	191	155
NOPAT Margin	6.25%	5.05%	4.71%	5.14%	5.46%	5.33%	4.50%	4.92%	6.04%	6.18%	5.07%
Net Nonoperating Expense Percent (NNEP)	0.81%	0.98%	0.90%	1.15%	1.12%	0.83%	0.96%	1.00%	0.92%	0.71%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	2.94%	-	-	-	3.05%	2.41%	2.68%	3.56%	3.80%	3.16%
Cost of Revenue to Revenue	31.58%	177.53%	33.34%	81.02%	31.92%	173.81%	33.24%	81.16%	32.66%	173.97%	31.79%
SG&A Expenses to Revenue	2.19%	2.52%	2.61%	2.55%	2.36%	2.62%	2.50%	2.56%	2.26%	2.09%	2.02%
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	60.78%	-83.69%	60.06%	11.96%	60.78%	-80.39%	60.65%	12.11%	59.39%	-81.92%	61.43%
Earnings before Interest and Taxes (EBIT)	242	203	194	206	224	207	179	197	243	246	207
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	429	398	377	390	412	413	358	374	422	426	386
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.80	4.96	4.91	4.04	4.39	4.28	3.83	3.90	3.64	5.18	5.58
Price to Tangible Book Value (P/TBV)	5.16	5.31	5.24	4.31	4.69	4.54	4.06	4.15	3.87	5.51	5.92
Price to Revenue (P/Rev)	1.46	1.59	1.63	1.33	1.44	1.42	1.23	1.18	1.08	1.54	1.65
Price to Earnings (P/E)	24.87	27.95	31.07	27.25	30.89	30.06	26.37	25.72	22.68	30.87	32.22
Dividend Yield	0.89%	0.85%	0.85%	1.07%	0.99%	1.01%	1.17%	1.21%	1.30%	0.91%	0.84%
Earnings Yield	4.02%	3.58%	3.22%	3.67%	3.24%	3.33%	3.79%	3.89%	4.41%	3.24%	3.10%
Enterprise Value to Invested Capital (EV/IC)	3.84	3.89	3.98	3.25	3.51	3.41	3.02	2.99	2.84	3.97	4.36
Enterprise Value to Revenue (EV/Rev)	1.57	1.71	1.73	1.45	1.55	1.54	1.35	1.32	1.21	1.66	1.76
Enterprise Value to EBITDA (EV/EBITDA)	11.57	12.64	13.14	11.22	12.04	11.68	10.38	10.22	9.28	12.61	13.27
Enterprise Value to EBIT (EV/EBIT)	19.28	22.03	23.90	21.18	22.95	22.37	20.03	19.72	17.61	23.02	23.89
Enterprise Value to NOPAT (EV/NOPAT)	25.31	28.28	30.90	27.35	30.43	29.76	26.44	26.03	23.14	30.56	31.61
Enterprise Value to Operating Cash Flow (EV/OCF)	10.59	12.54	12.62	12.14	13.75	12.54	11.49	10.88	9.03	11.87	13.12
Enterprise Value to Free Cash Flow (EV/FCFF)	223.12	918.98	98.29	85.50	31.65	23.07	23.89	20.05	15.82	18.40	18.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.38	0.33	0.36	0.38	0.37	0.41	0.47	0.45	0.41	0.36
Long-Term Debt to Equity	0.30	0.32	0.33	0.36	0.26	0.24	0.23	0.28	0.25	0.22	0.36
Financial Leverage	0.34	0.35	0.31	0.32	0.35	0.36	0.35	0.40	0.39	0.38	0.38
Leverage Ratio	2.10	2.11	2.04	2.09	2.08	2.08	2.08	2.15	2.17	2.14	2.17
Compound Leverage Factor	1.99	1.94	1.87	1.88	1.89	1.93	1.86	1.92	2.01	2.03	1.98
Debt to Total Capital	26.46%	27.75%	24.70%	26.69%	27.70%	26.91%	29.00%	31.99%	30.96%	29.15%	26.60%
Short-Term Debt to Total Capital	4.57%	4.40%	0.00%	0.00%	9.04%	9.10%	12.84%	13.01%	13.52%	13.91%	0.00%
Long-Term Debt to Total Capital	21.88%	23.35%	24.70%	26.69%	18.66%	17.80%	16.16%	18.98%	17.44%	15.24%	26.60%
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%	0.00%
Common Equity to Total Capital	73.54%	72.25%	75.30%	73.31%	72.30%	73.09%	71.00%	68.01%	69.04%	70.85%	73.40%
Debt to EBITDA	0.81	0.91	0.83	0.93	0.97	0.93	1.00	1.10	1.02	0.93	0.81
Net Debt to EBITDA	0.77	0.88	0.79	0.90	0.90	0.90	0.98	1.07	0.99	0.92	0.81
Long-Term Debt to EBITDA	0.67	0.77	0.83	0.93	0.65	0.61	0.56	0.66	0.58	0.49	0.81
Debt to NOPAT	1.77	2.04	1.94	2.27	2.46	2.37	2.56	2.81	2.55	2.25	1.93
Net Debt to NOPAT	1.68	1.97	1.85	2.19	2.26	2.29	2.49	2.73	2.47	2.22	1.92
Long-Term Debt to NOPAT	1.46	1.71	1.94	2.27	1.65	1.56	1.43	1.67	1.44	1.18	1.93
Altman Z-Score	4.36	5.50	4.50	3.87	3.98	5.19	3.53	3.37	3.26	5.48	4.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.35	1.26	1.21	0.94	1.06	0.89	0.87	0.87	0.83	1.26
Quick Ratio	0.81	1.12	0.87	0.83	0.68	0.91	0.66	0.64	0.66	0.71	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-526	-583	-344	-294	144	349	197	327	476	622	665
Operating Cash Flow to CapEx	92.75%	76.70%	280.70%	148.58%	427.32%	170.46%	179.60%	231.03%	529.65%	459.84%	499.13%
Free Cash Flow to Firm to Interest Expense	-41.81	-24.34	-21.97	-14.58	6.92	15.56	10.62	15.35	26.61	35.64	37.15
Operating Cash Flow to Interest Expense	34.35	8.98	29.81	17.85	16.31	14.17	21.73	18.89	27.22	22.09	19.72
Operating Cash Flow Less CapEx to Interest Expense	-2.69	-2.73	19.19	5.84	12.50	5.86	9.63	10.71	22.08	17.29	15.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.67	1.57	1.55	1.48	1.47	1.43	1.45	1.45	1.47	1.48	1.50
Accounts Receivable Turnover	8.51	7.49	9.45	9.72	9.30	7.93	9.75	9.91	9.66	8.44	9.59
Inventory Turnover	0.00	252.05	0.00	0.00	0.00	233.81	0.00	0.00	0.00	232.06	0.00
Fixed Asset Turnover	2.53	2.39	2.28	2.18	2.14	2.10	2.09	2.08	2.12	2.13	2.17
Accounts Payable Turnover	11.55	13.58	14.02	13.70	13.76	14.17	12.21	14.17	14.65	14.95	13.98
Days Sales Outstanding (DSO)	42.89	48.72	38.63	37.53	39.24	46.02	37.44	36.82	37.78	43.23	38.06
Days Inventory Outstanding (DIO)	0.00	1.45	0.00	0.00	0.00	1.56	0.00	0.00	0.00	1.57	0.00
Days Payable Outstanding (DPO)	31.59	26.87	26.04	26.65	26.52	25.75	29.90	25.77	24.91	24.41	26.11
Cash Conversion Cycle (CCC)	11.29	23.30	12.59	10.88	12.72	21.83	7.54	11.05	12.87	20.39	11.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,389	5,626	5,469	5,506	5,413	5,445	5,403	5,324	5,121	5,015	4,893
Invested Capital Turnover	2.62	2.44	2.40	2.34	2.27	2.18	2.22	2.23	2.29	2.29	2.36
Increase / (Decrease) in Invested Capital	724	750	482	445	24	-181	-66	-183	-291	-431	-510
Enterprise Value (EV)	20,668	21,878	21,749	17,900	18,988	18,594	16,332	15,913	14,537	19,917	21,345
Market Capitalization	19,298	20,356	20,446	16,469	17,575	17,163	14,796	14,244	12,988	18,468	20,047
Book Value per Share	$38.88	$39.79	$40.36	$39.50	$39.22	$39.81	$38.66	$36.85	$36.90	$37.44	$37.99
Tangible Book Value per Share	$36.21	$37.19	$37.82	$37.01	$36.76	$37.52	$36.41	$34.63	$34.67	$35.23	$35.82
Total Capital	5,464	5,680	5,533	5,560	5,533	5,492	5,446	5,375	5,174	5,032	4,897
Total Debt	1,446	1,576	1,367	1,484	1,532	1,478	1,579	1,719	1,602	1,467	1,303
Total Long-Term Debt	1,196	1,326	1,367	1,484	1,032	978	880	1,020	902	767	1,303
Net Debt	1,370	1,523	1,302	1,430	1,412	1,431	1,536	1,668	1,550	1,450	1,298
Capital Expenditures (CapEx)	466	280	166	243	79	186	225	174	92	84	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	366	705	341	279	265	546	452	402	391	351	348
Debt-free Net Working Capital (DFNWC)	441	759	406	332	385	593	495	453	443	369	352
Net Working Capital (NWC)	191	509	406	332	-115	93	-204	-246	-257	-331	352
Net Nonoperating Expense (NNE)	10	13	11	15	16	12	14	16	14	10	13
Net Nonoperating Obligations (NNO)	1,370	1,523	1,302	1,430	1,412	1,431	1,536	1,668	1,550	1,450	1,298
Total Depreciation and Amortization (D&A)	188	194	183	185	188	206	179	177	179	179	179
Debt-free, Cash-free Net Working Capital to Revenue	2.78%	5.50%	2.72%	2.26%	2.16%	4.52%	3.75%	3.33%	3.24%	2.93%	2.87%
Debt-free Net Working Capital to Revenue	3.35%	5.91%	3.23%	2.69%	3.14%	4.91%	4.11%	3.76%	3.68%	3.07%	2.90%
Net Working Capital to Revenue	1.45%	3.97%	3.23%	2.69%	-0.94%	0.77%	-1.69%	-2.04%	-2.13%	-2.76%	2.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.81	$1.49	$1.23	$1.33	$1.50	$1.54	$1.18	$1.32	$1.78	$1.88	$1.50
Adjusted Weighted Average Basic Shares Outstanding	103.30M	103.44M	103.24M	102.39M	101.32M	101.95M	99.91M	97.45M	96.18M	97.09M	94.54M
Adjusted Diluted Earnings per Share	$1.80	$1.47	$1.22	$1.32	$1.49	$1.53	$1.17	$1.31	$1.76	$1.88	$1.49
Adjusted Weighted Average Diluted Shares Outstanding	104.39M	104.45M	104.11M	103.15M	102.14M	102.75M	100.49M	97.98M	96.85M	97.69M	95.20M
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	103.14M	103.30M	103.20M	101.99M	100.83M	100.01M	99.19M	96.80M	95.22M	94.60M	94.30M
Normalized Net Operating Profit after Tax (NOPAT)	198	167	139	151	168	168	131	144	184	191	155
Normalized NOPAT Margin	6.25%	5.05%	4.71%	5.14%	5.46%	5.33%	4.50%	4.92%	6.04%	6.18%	5.07%
Pre Tax Income Margin	7.24%	5.66%	6.07%	6.33%	6.63%	6.10%	5.48%	6.01%	7.36%	7.53%	6.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.21	8.49	12.42	10.18	10.80	9.23	9.61	9.27	13.58	14.12	11.57
NOPAT to Interest Expense	15.71	6.97	8.86	7.46	8.08	7.48	7.07	6.77	10.32	10.96	8.66
EBIT Less CapEx to Interest Expense	-17.83	-3.22	1.80	-1.83	6.98	0.92	-2.49	1.09	8.44	9.32	7.62
NOPAT Less CapEx to Interest Expense	-21.33	-4.73	-1.76	-4.56	4.26	-0.83	-5.03	-1.40	5.18	6.16	4.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.17%	23.88%	26.55%	28.99%	30.84%	30.75%	31.21%	31.37%	30.14%	28.59%	27.27%
Augmented Payout Ratio	39.57%	45.79%	49.94%	79.28%	110.43%	120.77%	160.04%	182.76%	181.88%	182.91%	150.92%

Financials Breakdown Chart

J.B. Hunt Transport Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, J.B. Hunt Transport Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

J.B. Hunt Transport Services' net income appears to be on an upward trend, with a most recent value of $598.28 million in 2025, rising from $427.24 million in 2015. The previous period was $570.89 million in 2024. Check out J.B. Hunt Transport Services' forecast to explore projected trends and price targets.

J.B. Hunt Transport Services' total operating income in 2025 was $865.07 million, based on the following breakdown:

Total Gross Profit: $2.27 billion
Total Operating Expenses: $1.40 billion

Over the last 10 years, J.B. Hunt Transport Services' total revenue changed from $6.19 billion in 2015 to $12.00 billion in 2025, a change of 93.9%.

J.B. Hunt Transport Services' total liabilities were at $4.36 billion at the end of 2025, a 1.5% increase from 2024, and a 87.3% increase since 2015.

In the past 10 years, J.B. Hunt Transport Services' cash and equivalents has ranged from $5.57 million in 2015 to $355.55 million in 2021, and is currently $17.28 million as of their latest financial filing in 2025.

Over the last 10 years, J.B. Hunt Transport Services' book value per share changed from 11.35 in 2015 to 37.44 in 2025, a change of 230.0%.

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Financial statements for NASDAQ:JBHT last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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J.B. Hunt Transport Services (JBHT) Financials

Financials Breakdown Chart

J.B. Hunt Transport Services Financials - Frequently Asked Questions

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J.B. Hunt Transport Services (JBHT) Financials

Annual Income Statements for J.B. Hunt Transport Services

Quarterly Income Statements for J.B. Hunt Transport Services

Annual Cash Flow Statements for J.B. Hunt Transport Services

Quarterly Cash Flow Statements for J.B. Hunt Transport Services

Annual Balance Sheets for J.B. Hunt Transport Services

Quarterly Balance Sheets for J.B. Hunt Transport Services

Annual Metrics And Ratios for J.B. Hunt Transport Services

Quarterly Metrics And Ratios for J.B. Hunt Transport Services

Financials Breakdown Chart

J.B. Hunt Transport Services Financials - Frequently Asked Questions

When does J.B. Hunt Transport Services' financial year end?

How has J.B. Hunt Transport Services' net income changed over the last 10 years?

What is J.B. Hunt Transport Services' operating income?

How has J.B. Hunt Transport Services' revenue changed over the last 10 years?

How much debt does J.B. Hunt Transport Services have?

How much cash does J.B. Hunt Transport Services have?

How has J.B. Hunt Transport Services' book value per share changed over the last 10 years?

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