J.B. Hunt Transport Services, Inc.
- Open
- 261.00
- Day high
- 266.12
- Day low
- 258.66
- Prev close
- 261.03
- Volume
- 1.1M
- Mkt cap
- $24.9B
- P/E (TTM)
- 37.7
- EPS (TTM)
- $7.04
- P/B
- 6.8
- P/S
- 2.0
- Yield
- 0.67%
- Per share
- $1.79
- ▼Insiders net selling -$626K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
J.B. Hunt Transport Services, Inc. (JBHT) is a Industrials company listed on NASDAQ. The stock is up 82% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 2 published research articles covering JBHT.
J.B. Hunt Transport Services, Inc. (JBHT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 18 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
JBHT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 15, 2026 | $1.71 | $1.91 | +11.9% | $3.5B | +7.6% |
| Apr 15, 2026 | $1.45 | $1.49 | +3.0% | $3.1B | +3.5% |
| Feb 24, 2026 | — | $1.90 | — | $3.1B | — |
| Oct 15, 2025 | $1.46 | $1.76 | +20.6% | $3.1B | +1.2% |
| Jul 15, 2025 | $1.30 | $1.31 | +1.0% | $2.9B | +0.6% |
| Apr 15, 2025 | $1.15 | $1.17 | +2.1% | $2.9B | +1.0% |
| Jan 16, 2025 | $1.63 | $1.53 | -6.1% | $3.1B | +0.5% |
| Oct 15, 2024 | $1.41 | $1.49 | +5.9% | $3.1B | +2.5% |
| Jul 16, 2024 | $1.52 | $1.32 | -12.9% | $2.9B | -2.5% |
| Apr 16, 2024 | $1.52 | $1.22 | -19.6% | $2.9B | -4.9% |
| Jan 18, 2024 | $1.75 | $1.47 | -15.8% | $3.3B | +0.9% |
| Oct 17, 2023 | $1.84 | $1.80 | -2.2% | $3.2B | -2.0% |
JBHT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | Keefauver Davidofficer: EVP of People | Sell | 703 | $285.13 |
| Jun 8, 2026 | Webb Brianofficer: EVP- Final Mile Services | Sell | 1,500 | $284.01 |
| May 26, 2026 | Frazier Spencerofficer: EVP of Sales and Marketing | Sell | 2,000 | $258.20 |
| May 18, 2026 | Hicks Bradley W.officer: President of DCS | Sell | 7,644 | $261.91 |
| May 15, 2026 | Field Darren P.officer: EVP and President Intermodal | Sell | 4,000 | $254.49 |
| Apr 27, 2026 | Lisboa Persio Vdirector | Grant | 1,241 | $253.71 |
| Apr 27, 2026 | Edwardson Francesca M.director | Grant | 1,241 | $253.71 |
| Apr 27, 2026 | Biggs M. Brettdirector | Grant | 855 | $253.71 |
| Apr 27, 2026 | GASAWAY SHARILYN Sdirector | Grant | 1,399 | $253.71 |
| Apr 27, 2026 | ROBO JAMES Ldirector | Grant | 1,359 | $253.71 |
| Apr 27, 2026 | Hill Thaddirector | Grant | 1,320 | $253.71 |
| Apr 22, 2026 | THOMPSON JAMES Kdirector, other: Honorary Founding Director | Sell | 1,000 | $254.28 |
| Apr 22, 2026 | Hobbs Nicholasofficer: EVP and COO | Sell | 1,272 | $250.75 |
| Apr 2, 2026 | Simpson Shelleyofficer: President and CEO | Tax | 1,754 | $211.90 |
| Apr 2, 2026 | Webb Brianofficer: EVP- Final Mile Services | Option | 1,338 | — |
Source: JBHT SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full JBHT insider & 13F page →JBHT research & analysis
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J.B. Hunt Transport Services, Inc. company profile
Overview
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is one of North America's largest transportation and logistics companies, founded in 1961 and headquartered in Lowell, Arkansas. The company went public in 1983 and has grown from a small Arkansas trucking operation into a diversified transportation services provider with a fleet of over 100,000 pieces of equipment. J.B. Hunt operates across multiple transportation modes and has established itself as a leader in intermodal transportation, which combines truck and rail transport to move freight more efficiently across long distances.
Business
J.B. Hunt operates in the integrated freight and logistics industry, providing surface transportation, delivery, and logistics services across North America. The company's business is organized into five primary segments that collectively generated approximately $12.1 billion in revenue in 2024. Intermodal (JBI) represents the company's largest and most strategically important segment, accounting for roughly 60% of total revenue. Intermodal transportation combines the efficiency of rail transport for long-distance hauls with the flexibility of trucking for pickup and delivery. J.B. Hunt operates over 104,000 pieces of company-owned trailing equipment (containers and trailers) and maintains a chassis fleet of 85,649 units. The company partners primarily with BNSF Railway to move freight across transcontinental routes and has been expanding its Eastern network operations. This segment benefits from being more fuel-efficient and environmentally friendly than pure trucking solutions. Dedicated Contract Services (DCS) comprises approximately 25% of revenue and involves providing customized transportation solutions where J.B. Hunt operates trucks and drivers exclusively for specific customers. The company operates over 11,000 company-owned trucks and 21,000 pieces of trailing equipment under long-term contracts, essentially functioning as an outsourced transportation department for major retailers and manufacturers. Integrated Capacity Solutions (ICS) accounts for about 10% of revenue and operates as a freight brokerage service. This segment doesn't own trucks but instead matches shippers with available trucking capacity from third-party carriers. ICS also provides logistics management services and operates an online marketplace platform called J.B. Hunt 360, which connects shippers and carriers digitally. Final Mile Services (FMS) represents roughly 3% of revenue and focuses on delivering large, bulky items like furniture and appliances directly to consumers' homes. This segment operates specialized equipment and trained delivery teams to handle items that require white-glove service. Truckload (JBT) accounts for the remaining 2% of revenue and provides traditional over-the-road trucking services using company-owned tractors and trailers for general freight transportation.
Revenue model
J.B. Hunt generates revenue through multiple complementary business models across its five segments. The Intermodal segment earns revenue by charging customers transportation fees for moving their freight via the combined truck-rail network, with pricing typically based on distance, weight, and service level. The company benefits from long-term partnerships with rail providers, particularly BNSF Railway, which provides capacity and operational efficiency. The Dedicated Contract Services segment operates on a contractual model where customers pay J.B. Hunt to provide exclusive transportation services, including trucks, drivers, and maintenance. These contracts typically span multiple years and provide predictable revenue streams, with customers paying for both the dedicated capacity and the transportation services rendered. Integrated Capacity Solutions functions as a freight broker, earning commissions and fees by matching shippers with available trucking capacity. The company takes a margin between what shippers pay and what carriers receive, with gross margins typically ranging from 15-18%. This asset-light model requires minimal capital investment but depends heavily on market conditions and freight demand. Final Mile Services charges premium rates for specialized delivery services, particularly for large appliances and furniture that require careful handling and installation. Revenue comes from delivery fees paid by retailers and manufacturers who need last-mile delivery capabilities. Several factors significantly impact J.B. Hunt's margins and profitability. Fuel costs represent a major variable expense, though the company typically passes these through to customers via fuel surcharges. Driver wages and benefits constitute the largest cost component, and tight labor markets can pressure margins. Rail service quality and capacity directly affect Intermodal segment performance, as delays and inefficiencies reduce asset utilization. Economic cycles heavily influence freight demand, with recessions leading to overcapacity and pricing pressure across all segments. Regulatory changes affecting truck drivers' hours of service, safety requirements, and emissions standards can increase operational costs. The company's margins also benefit from operational leverage, where fixed costs can be spread across higher volumes during strong freight markets.
Competitive moat
J.B. Hunt's competitive moat is moderately strong but not insurmountable, stemming primarily from its scale advantages and strategic rail partnerships. The company's most significant competitive advantage lies in its exclusive partnership with BNSF Railway, which provides preferential access to rail capacity and terminals. This relationship, built over decades, creates barriers for competitors seeking to replicate J.B. Hunt's intermodal network efficiency and coverage. The company benefits from substantial scale economies across its operations, with over 100,000 pieces of trailing equipment and extensive terminal networks that spread fixed costs across high volumes. This scale enables J.B. Hunt to offer competitive pricing while maintaining margins that smaller competitors cannot match. The company's technology platform, J.B. Hunt 360, provides customers with visibility and booking capabilities that enhance customer stickiness. In the Dedicated segment, J.B. Hunt's moat strengthens through long-term contractual relationships with major customers, some spanning multiple years. These contracts create switching costs for customers who would need to find alternative capacity and retrain their logistics operations. The company's safety record and operational expertise also differentiate it in a market where reliability is paramount. However, the transportation industry remains fundamentally competitive with relatively low barriers to entry for basic trucking services. New entrants can acquire trucks and compete on price, particularly during economic downturns when freight demand weakens. The rise of digital freight brokerages and platforms threatens the traditional brokerage model in ICS. Additionally, customers continuously seek cost reductions and may switch providers for better pricing or service. The company's moat is strongest in Intermodal due to rail partnerships and infrastructure requirements, but weaker in pure trucking segments where differentiation is limited. Environmental regulations favoring rail transport over trucking could strengthen the Intermodal moat over time, though autonomous trucking technology poses a long-term disruption risk to the entire industry.
Risks & safety
J.B. Hunt demonstrates solid financial stability with manageable debt levels and consistent cash generation, though working capital management presents some challenges. • Liquidity and Solvency: Current ratio of 0.89 indicates tight working capital management, with current liabilities ($1.87B) slightly exceeding current assets ($1.67B). However, the company maintains strong operational cash flow of $404M quarterly and generates positive free cash flow of $158M. • Debt Management: Debt-to-equity ratio of 0.19 reflects conservative leverage, with total liabilities of $4.39B against total assets of $8.26B. The company carries minimal financial risk from excessive borrowing. • Valuation Metrics: Trading at 31.2x P/E ratio appears elevated relative to the cyclical transportation industry, suggesting limited margin of safety from a valuation perspective. EV/EBITDA of 11.3x is reasonable but not deeply discounted. • Profitability: Return on equity of 1.4% quarterly (14.2% annually) indicates decent but not exceptional profitability given the current freight market challenges. • Other Considerations: The company operates in a cyclical industry currently experiencing a prolonged freight recession (third consecutive year), which pressures margins and volumes. Capital-intensive nature requires ongoing investment in equipment and technology.
Recent development
Over the past few years, J.B. Hunt has executed several strategic initiatives while navigating a challenging freight market environment. The company has been aggressively managing costs, reducing people costs by over $200 million in the past two years and selling approximately 800-1,000 trucks annually from its Dedicated fleet to right-size operations for current market conditions. In Q1 2025 alone, the company sold 260 trucks and targets 800 net sales for the full year. A significant strategic move was the acquisition of Walmart's Intermodal assets, which expanded J.B. Hunt's network capacity and strengthened its position in the Intermodal segment. The company has also been investing heavily in technology, particularly through its J.B. Hunt 360 platform, which serves as a digital marketplace connecting shippers and carriers while providing enhanced visibility and booking capabilities. The company has maintained its focus on operational excellence and safety, achieving record safety performance metrics while improving service levels across all segments. Management has been preparing for an eventual freight market recovery by maintaining critical capabilities while controlling costs, reducing capital expenditure guidance from previous levels to $500-700 million for 2025. Leadership transition represents another major development, with Shelley Simpson becoming CEO, replacing John Roberts who stepped down after leading the company's growth. The new leadership has emphasized continuity in strategic direction while focusing on margin repair and improved returns on capital. The company has also been actively managing its bid season processes, achieving modest rate increases in Intermodal despite competitive market pressures, and maintaining strong customer retention across all segments.
JBHT company profile · for informational purposes only — not investment advice.
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