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Earnings transcript
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JBHT
J.B. Hunt Transport Services, Inc.
$287.19
-0.98
(-0.34%)
| Exchange: | NASDAQ |
| Market Cap: | 27.082B |
| Shares Outstanding: | 138.723M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Integrated Freight & Logistics | |||||
| CEO: | Shelley Simpson | |||||
| Full Time Employees: | 33646 | |||||
| Address: |
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| Website: | https://www.jbhunt.com |
Operating across North America, J.B. Hunt Transport Services, Inc. specializes in ground transportation, last-mile delivery, and comprehensive logistics solutions. Its operations are structured into five distinct divisions: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The Intermodal (JBI) division facilitates freight movement using multiple transport modes. This segment boasts a substantial asset base, including 104,973 company-owned trailers, a self-maintained fleet of 85,649 chassis, 5,612 company-owned tractors, 582 independent contractor vehicles, and a workforce of 6,943 company drivers. Dedicated Contract Services (DCS) focuses on engineering, implementing, and managing bespoke supply chain strategies for diverse transportation requirements. As of December 31, 2021, its fleet comprised 11,139 company-owned trucks, 544 client-owned trucks, and 6 contractor trucks, complemented by 21,069 company-owned trailers and 7,753 customer-owned trailers. Integrated Capacity Solutions (ICS) delivers comprehensive freight brokerage and logistics services. Offerings span specialized transport options such as flatbed, temperature-controlled, expedited, and less-than-truckload (LTL) shipping, alongside standard dry-van and intermodal modalities. This segment also features an online platform connecting various transportation options and offers outsourcing solutions for clients’ logistics needs. Final Mile Services (FMS) handles last-stage delivery operations. This is supported by 1,272 company-owned trucks, 272 customer-supplied trucks, 19 independent contractor trucks, 1,036 company-owned trailers, and 185 client-owned trailers. The Truckload (JBT) segment specializes in over-the-road dry-van freight transport, deploying 734 company-owned tractors and 11,172 company-owned trailers. Across its segments, the company facilitates the movement of a diverse array of goods, including consumer products (e.g., general merchandise, specialty items, appliances, food and beverages, soaps and cosmetics, electronics), industrial materials (e.g., forest and paper products, building materials, automotive parts), agricultural products, and chemicals. Established in 1961, the corporation maintains its headquarters in Lowell, Arkansas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,829,665 | 12,087,204 | 11,999,096 |
| Gross Profit | 2,210,139 | 2,063,158 | 1,596,624 |
| EBITDA | 1,738,774 | 1,599,677 | 1,579,854 |
| Operating Income | 993,196 | 831,225 | 865,069 |
| Net Income | 728,287 | 570,886 | 598,282 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,588,148 | 8,312,270 | 7,927,155 |
| Total Liabilities | 4,434,502 | 4,297,765 | 4,362,070 |
| Total Stockholders Equity | 4,103,758 | 4,014,505 | 3,565,085 |
| Total Debt | 1,928,868 | 1,477,702 | 1,466,797 |
| Cash and Cash Equivalents | 53,344 | 46,983 | 17,284 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,744,618 | 1,483,156 | 1,678,272 |
| Capital Expenditure | -1,862,431 | -865,373 | -730,687 |
| Free Cash Flow | -117,813 | 617,783 | 947,585 |
| Net Income | 728,287 | 570,886 | 598,282 |
| Net Change in Cash | 1,417 | -6,361 | -29,699 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 16,974,639.285 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 19,644,327.745 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 18,047,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,256,766.054 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,611,699.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,399,335.638 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,392,692.893 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,682,940.551 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,509,279.615 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 781,648.836 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 904,582.752 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 831,028.943 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 15.450 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 17.230 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 14.260 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: JBHT reported over $225 million in net income for Q2 2025, reflecting strong profitability as highlighted in the earnings call transcript. Revenue and net income trends from income statements indicate consistent growth, supported by robust operating cash flow and free cash flow figures from cash flow statements.
- Operational Efficiency: The Q2 2025 earnings call emphasized a focus on operational excellence and cost management, contributing to improved margins. High gross profit margin (TTM) and net profit margin (TTM) from key metrics underscore the company’s ability to maintain profitability relative to peers in the transportation industry.
- Strong Market Position: As a key player in the trucking and logistics sector (per sectorName and industryName), JBHT benefits from a large market cap and stable dividend yield (TTM), signaling investor confidence and a commitment to shareholder returns, as seen in lastDiv and dividendYieldTTM data.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates JBHT intrinsic value between $88.47 – $134.96 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about JBHT valuation
Is J.B. Hunt Transport Services, Inc. (JBHT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for J.B. Hunt Transport Services, Inc. (JBHT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is JBHT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether JBHT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is JBHT’s P/E ratio?
You can see JBHT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for JBHT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is JBHT a good long-term investment?
Whether JBHT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
JBHT
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Daily snapshot
-0.34
Trading Metrics:
| Open: | 288.95 | Previous Close: | 288.17 | |
| Day Low: | 278.61 | Day High: | 293.54 | |
| Year Low: | 130.12 | Year High: | 293.54 | |
| Price Avg 50: | 247.05 | Price Avg 200: | 198.09 | |
| Volume: | 952018 | Average Volume: | 966960 |
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Login — it's freeJBHT full analysis
Welcome to MARKETSNAP’s SWOT analysis for J.B. Hunt Transport Services, Inc., a major player in the transportation and logistics game. If you’re a long-term investor looking to dig into a company that’s been navigating the tricky waters of freight and supply chain, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for J.B. Hunt, along with some fresh insights from their latest earnings call and financials to help you decide if this stock fits…
