Hub (HUBG) financial statements
Hub reported revenue of $3.9B in fiscal 2024, up 4.6% a year over 8 years.
Net income was $104M.
Free cash flow was $144M, and the company returned $30M in dividends and $68M in net buybacks.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hub's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.8B | $3.1B | $3.7B | $3.7B | $3.5B | $4.2B | $5.3B | $4.2B | $3.9B |
| Cost of revenue | $3.1B | $2.4B | $2.8B | $3.2B | $3.1B | $3.1B | $3.6B | $4.5B | — | — |
| Gross profit | $413M | $331M | $338M | $446M | $521M | $425M | $600M | $890M | — | — |
| Selling, general and admin | $60M | $61M | $77M | $81M | $104M | $100M | $90M | $121M | $106M | $114M |
| Operating income | $117M | $97M | $73M | $125M | $152M | $106M | $238M | $475M | $212M | $140M |
| Interest expense | $3M | $4M | $7M | $10M | $11M | $9M | $7M | $8M | $13M | $14M |
| Pre-tax income | $112M | $94M | $67M | $117M | $144M | $96M | $231M | $468M | $209M | $133M |
| Income tax | $41M | $36M | -$53M | $29M | $37M | $23M | $59M | $111M | $42M | $29M |
| Net income | $71M | $75M | $135M | $202M | $107M | $74M | $171M | $357M | $168M | $104M |
| EPS (diluted) | $0.98 | $1.10 | $2.02 | $3.00 | $1.60 | $1.09 | $2.53 | $5.32 | $2.62 | $1.70 |
| Diluted shares | 72M | 68M | 67M | 67M | 67M | 67M | 68M | 67M | 64M | 61M |
| Gross margin | — | 12.0% | 10.8% | 12.1% | 14.2% | 12.2% | 14.2% | 16.7% | — | — |
| Operating margin | — | 3.5% | 2.3% | 3.4% | 4.2% | 3.0% | 5.6% | 8.9% | 5.1% | 3.6% |
| Net margin | — | 2.7% | 4.3% | 5.5% | 2.9% | 2.1% | 4.1% | 6.7% | 4.0% | 2.6% |
Balance sheet
Fiscal years, from Hub's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $208M | $127M | $29M | $61M | $169M | $125M | $160M | $287M | $187M | $98M |
| Receivables | $380M | $474M | $425M | $477M | $444M | — | — | — | — | — |
| Total current assets | $625M | $622M | $656M | $589M | $640M | $673M | $894M | $1.1B | $849M | $768M |
| Property, plant and equipment | $375M | $439M | $561M | $682M | $663M | $671M | $681M | $784M | $792M | $740M |
| Goodwill | $263M | $262M | $319M | $484M | $484M | $509M | $577M | $629M | $734M | $814M |
| Total assets | $1.3B | $1.4B | $1.7B | $1.9B | $2.0B | $2.1B | $2.4B | $2.8B | $2.9B | $2.9B |
| Total current liabilities | $359M | $418M | $520M | $527M | $507M | $529M | $687M | $692M | $658M | $579M |
| Long-term debt | $101M | $116M | $215M | $229M | $187M | $177M | $177M | $241M | $246M | $164M |
| Total liabilities | $653M | $732M | $901M | $944M | $916M | $947M | $1.1B | $1.2B | $1.3B | $1.2B |
| Shareholders' equity | $648M | $628M | $770M | $981M | $1.1B | $1.2B | $1.3B | $1.6B | $1.6B | $1.6B |
| Net debt | -$74M | $33M | $264M | $269M | $113M | $146M | $115M | $56M | $163M | $166M |
Cash flow
Fiscal years, from Hub's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $172M | $102M | $125M | $211M | $255M | $175M | $253M | $458M | $422M | $194M |
| Capital spending | $83M | $107M | $75M | $200M | $95M | $115M | $133M | $219M | $140M | $51M |
| Free cash flow | $89M | -$5M | $51M | $11M | $160M | $60M | $120M | $239M | $282M | $144M |
| Stock-based compensation | $8M | $8M | $10M | $13M | $16M | $17M | $20M | $20M | $21M | $19M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $30M |
| Share buybacks (net) | -$29M | -$100M | — | — | -$25M | $0 | $0 | -$75M | -$144M | -$68M |
| Net borrowing | $41M | $27M | $19M | $39M | -$49M | -$11M | $4M | $68M | $8M | -$89M |
| Free cash flow margin | — | -0.2% | 1.6% | 0.3% | 4.4% | 1.7% | 2.8% | 4.5% | 6.7% | 3.6% |
| Dividends per share | — | — | — | — | — | — | — | — | — | $0.49 |
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Open HUBG in InvestinglyQuestions
What was Hub's revenue in 2024?
$3.9B in fiscal 2024, from its 10-K filing.
How much free cash flow does Hub generate?
$144M in fiscal 2024 (operating cash flow minus capital spending).
From Hub's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.