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J.B. Hunt Transport Services, Inc. (JBHT)

NASDAQ / Industrials / Integrated Freight & Logistics

Share price

235.31 USD Market dataClose of Oct 15, 2026

Market capitalisation

22.10B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 24, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

12.4% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

38.20x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

4.1% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 6.56B USDFY2016 Net income: 432.1M USDFY2017 Revenue: 7.19B USDFY2017 Net income: 686.3M USDFY2018 Revenue: 8.61B USDFY2018 Net income: 489.6M USDFY2019 Revenue: 9.17B USDFY2019 Net income: 516.3M USDFY2020 Revenue: 9.64B USDFY2020 Net income: 506.0M USDFY2021 Revenue: 12.17B USDFY2021 Net income: 760.8M USDFY2022 Revenue: 14.81B USDFY2022 Net income: 969.4M USDFY2023 Revenue: 12.83B USDFY2023 Net income: 728.3M USDFY2024 Revenue: 12.09B USDFY2024 Net income: 570.9M USDFY2025 Revenue: 12.00B USDFY2025 Net income: 598.3M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 38.20x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Industrials sector (412 companies), 38.20x sits at the 74th percentile; the middle half of that group runs from 15.04x to 38.40x.

Is it good

Return on invested capital was 12.4% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Industrials sector (316 companies), 12.4% sits at the 66th percentile; the middle half of that group runs from 3.4% to 15.3%.

Is it safe

Interest coverage was 11.50x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether J.B. Hunt Transport Services, Inc.'s return on invested capital stayed above the median of the Industrials sector, year by year. (FY2023 to FY2025, 3 fiscal years of J.B. Hunt Transport Services, Inc. with a comparable figure)
The direction
Which way J.B. Hunt Transport Services, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of J.B. Hunt Transport Services, Inc.)
What could explain it
What in J.B. Hunt Transport Services, Inc.'s filed statements could explain the movements. (8 readings drawn from the statement lines J.B. Hunt Transport Services, Inc. filed)
What to check next
What to check next on J.B. Hunt Transport Services, Inc., and where in its filings. (4 questions for J.B. Hunt Transport Services, Inc.)
In one paragraph
One paragraph on J.B. Hunt Transport Services, Inc.'s returns, cash, balance sheet and price. (15 of sixteen figures read for J.B. Hunt Transport Services, Inc.)

These are JBHT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

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2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 24, 2026, accession 0001437749-26-005294.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

J.B. Hunt Transport Services, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax12.4% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Return on equity16.8% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Return on capital employed, pre-tax14.4% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Return on assets7.5% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Operating margin7.2% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Net margin5.0% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
JBHT 5.0%
XPO 3.9%FDX 4.7%UPS 6.3%ECHO -96.6%ZTO 18.5%
-96.6%18.5%
Net margin: JBHT against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

J.B. Hunt Transport Services, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.48 ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Current ratio0.83 ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Quick ratio0.81 ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Interest coverage11.50x ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Altman Z-score6.36 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Net debt1.70B ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Total assets 7.93BTotal liabilities 4.36BShareholders' equity 3.57BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What J.B. Hunt Transport Services, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 24, 2026, 0001437749-26-005294).

J.B. Hunt Transport Services, Inc: balance sheet position
Total assets7.93B FiledFY2025 10-K, filed Feb 24, 2026
Total liabilities4.36B FiledFY2025 10-K, filed Feb 24, 2026
Shareholders' equity3.57B FiledFY2025 10-K, filed Feb 24, 2026
Cash17.3M FiledFY2025 10-K, filed Feb 24, 2026
Total debt1.72B FiledFY2025 10-K, filed Feb 24, 2026
Net debt1.70B
Current ratio0.83
Debt to equity0.48

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

J.B. Hunt Transport Services, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings38.20x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
P/E on trailing twelve months32.98x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book6.45x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Price to sales1.92x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Enterprise value to EBIT28.54x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Enterprise value to EBITDA15.63x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Price to earnings over growth7.40 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Diluted earnings per share6.12 USD FiledFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Graham number71.12 USD ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294

We publish no fair value or price target of our own. Value JBHT on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for J.B. Hunt Transport Services, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

J.B. Hunt Transport Services, Inc: valuation
Share price235.31 USD
Market capitalisation22.10B USD
Enterprise value to EBITDA15.63x
Graham number71.12 USD
Diluted earnings per share, FY20256.12 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jul 28, 2017: low 12.49x, median 26.86x, high 46.34x, latest 32.98x. 2,316 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like J.B. Hunt Transport Services, Inc

  1. XPO Logistics, Inc. (XPO)Market cap 22.11B USD
  2. FedEx Corporation (FDX)Market cap 69.95B USD
  3. United Parcel Service, Inc. (UPS)Market cap 73.31B USD
  4. Echo Global Logistics, Inc. (ECHO)Market cap 13.76B USD
  5. ZTO Express (Cayman) Inc. (ZTO)Market cap 14.97B USD

Same industry (Integrated Freight & Logistics) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

J.B. Hunt Transport Services, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield4.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Free cash flow947.6M USD ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Free cash flow margin7.9% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Dividend yield0.8% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Payout ratio28.6% ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
FY2016 Free cash flow: 215.7M USDFY2016 Net income: 432.1M USDFY2017 Free cash flow: 328.2M USDFY2017 Net income: 686.3M USDFY2018 Free cash flow: 92.2M USDFY2018 Net income: 489.6M USDFY2019 Free cash flow: 244.2M USDFY2019 Net income: 516.3M USDFY2020 Free cash flow: 384.3M USDFY2020 Net income: 506.0M USDFY2021 Free cash flow: 276.3M USDFY2021 Net income: 760.8M USDFY2022 Free cash flow: 236.1M USDFY2022 Net income: 969.4M USDFY2023 Free cash flow: -117.8M USDFY2023 Net income: 728.3M USDFY2024 Free cash flow: 617.8M USDFY2024 Net income: 570.9M USDFY2025 Free cash flow: 947.6M USDFY2025 Net income: 598.3M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

J.B. Hunt Transport Services, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
38.20xFY2025Oct 15, 2026
6.45xFY2025Oct 15, 2026
28.54xFY2025Oct 15, 2026
4.1%FY2025Oct 15, 2026
12.4%FY2025Feb 24, 2026
0.8%FY2025Oct 15, 2026
0.48FY2025Feb 24, 2026
0.83FY2025Feb 24, 2026
1.92xFY2025Oct 15, 2026
7.40FY2025Oct 15, 2026
6.36FY2025Oct 15, 2026
-3.18FY2025Feb 24, 2026
7/9FY2025Feb 24, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports J.B. Hunt Transport Services, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

J.B. Hunt Transport Services, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202512.00B865.1M598.3M6.12947.6M7.2%16.8%10-K, Feb 24, 20260001437749-26-005294
FY202412.09B831.2M570.9M5.56617.8M6.9%14.2%10-K, Feb 21, 20250001437749-25-004736
FY202312.83B993.2M728.3M6.97-117.8M7.7%17.8%10-K, Feb 23, 20240001437749-24-005368
FY202214.81B1.33B969.4M9.21236.1M9.0%26.4%10-K, Feb 24, 20230001437749-23-004530
FY202112.17B1.05B760.8M7.14276.3M8.6%24.4%10-K, Feb 25, 20220001437749-22-004457
FY20209.64B713.1M506.0M4.74384.3M7.4%19.5%10-K, Feb 23, 20210001437749-21-003667
FY20199.17B733.8M516.3M4.77244.2M8.0%22.8%10-K, Mar 2, 20200001437749-20-004119
FY20188.61B681.0M489.6M4.4392.2M7.9%23.3%10-K, Feb 22, 20190001437749-19-003134
FY20177.19B623.8M686.3M6.18328.2M8.7%37.3%10-K, Feb 23, 20180001437749-18-003239
FY20166.56B721.0M432.1M3.81215.7M11.0%30.6%10-K, Feb 23, 20170001437749-17-003083
  • Revenue, compound annual growth FY2016 to FY2025: 6.9%
  • Earnings, compound annual growth FY2016 to FY2025: 3.7%
  • Earnings per share, compound annual growth FY2016 to FY2025: 5.4%
  • Free cash flow, compound annual growth FY2016 to FY2025: 17.9%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

J.B. Hunt Transport Services, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-3.18 ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Piotroski F-score7/9 ComputedFY2025 10-K, filed Feb 24, 2026, 0001437749-26-005294
Named tests met3 of 30 Computed
Beta0.82 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 26 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; High returns, low debt; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Gross margin, turnover (Robert Novy-Marx). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(1)
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: Gross Margin. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.