JB Hunt Transport Services (JBHT) financial statements
JB Hunt Transport Services reported revenue of $12.0B in fiscal 2025, up 6.9% a year over 9 years.
Net income was $598M and the operating margin 7.2%, against 11.0% in 2016.
Free cash flow was $948M, and the company returned $171M in dividends and $923M in net buybacks.
The diluted share count fell 14% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JB Hunt Transport Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6B | $7.2B | $8.6B | $9.2B | $9.6B | $12.2B | $14.8B | $12.8B | $12.1B | $12.0B |
| Selling, general and admin | $87M | $126M | $163M | $192M | $180M | $196M | $215M | $275M | $306M | $282M |
| Operating income | $721M | $624M | $681M | $734M | $713M | $1.0B | $1.3B | $993M | $831M | $865M |
| Interest expense | $25M | $29M | $40M | $55M | $48M | $46M | $51M | $66M | $79M | $75M |
| Pre-tax income | $696M | $595M | $641M | $681M | $666M | $1000M | $1.3B | $935M | $760M | $794M |
| Income tax | $264M | -$91M | $151M | $165M | $160M | $239M | $312M | $207M | $189M | $196M |
| Net income | $432M | $686M | $490M | $516M | $506M | $761M | $969M | $728M | $571M | $598M |
| EPS (diluted) | $3.81 | $6.18 | $4.43 | $4.77 | $4.74 | $7.14 | $9.21 | $6.97 | $5.56 | $6.12 |
| Diluted shares | 113M | 111M | 110M | 108M | 107M | 107M | 105M | 104M | 103M | 98M |
| Operating margin | 11.0% | 8.7% | 7.9% | 8.0% | 7.4% | 8.6% | 9.0% | 7.7% | 6.9% | 7.2% |
| Net margin | 6.6% | 9.5% | 5.7% | 5.6% | 5.3% | 6.3% | 6.5% | 5.7% | 4.7% | 5.0% |
Balance sheet
Fiscal years, from JB Hunt Transport Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $15M | $8M | $35M | $313M | $356M | $52M | $53M | $47M | $17M |
| Receivables | $745M | $921M | $1.1B | $1.0B | $1.1B | $1.5B | $1.5B | $1.3B | $1.2B | $1.2B |
| Inventory | $19M | $21M | $22M | $21M | $24M | $25M | $41M | $42M | $42M | $42M |
| Total current assets | $1.1B | $1.3B | $1.5B | $1.5B | $1.8B | $2.3B | $2.2B | $2.0B | $1.8B | $1.6B |
| Property, plant and equipment | $2.8B | $3.0B | $3.4B | $3.6B | $3.7B | $4.1B | $5.0B | $5.8B | $5.7B | $5.5B |
| Goodwill | — | $40M | $40M | $96M | $105M | $101M | — | — | $134M | $134M |
| Total assets | $4.0B | $4.5B | $5.1B | $5.5B | $5.9B | $6.8B | $7.8B | $8.6B | $8.3B | $7.9B |
| Total current liabilities | $695M | $922M | $1.4B | $1.0B | $1.1B | $1.7B | $1.6B | $1.5B | $1.7B | $1.9B |
| Long-term debt | $986M | $1.1B | $898M | $1.3B | $1.3B | $945M | $1.3B | $1.3B | $978M | $767M |
| Total liabilities | $2.5B | $2.6B | $3.0B | $3.2B | $3.3B | $3.7B | $4.1B | $4.5B | $4.3B | $4.4B |
| Shareholders' equity | $1.4B | $1.8B | $2.1B | $2.3B | $2.6B | $3.1B | $3.7B | $4.1B | $4.0B | $3.6B |
| Net debt | $980M | $1.1B | $1.1B | $1.3B | $992M | $946M | $1.2B | $1.5B | $1.4B | $1.4B |
Cash flow
Fiscal years, from JB Hunt Transport Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $854M | $855M | $1.1B | $1.1B | $1.1B | $1.2B | $1.8B | $1.7B | $1.5B | $1.7B |
| Capital spending | $638M | $527M | $996M | $854M | $739M | $948M | $1.5B | $1.9B | $865M | $731M |
| Free cash flow | $216M | $328M | $92M | $244M | $384M | $276M | $236M | -$118M | $618M | $948M |
| Stock-based compensation | $41M | $38M | $47M | $53M | $61M | $62M | $78M | $79M | $66M | $72M |
| Dividends paid | $99M | $101M | $105M | $112M | $114M | $124M | $167M | $174M | $176M | $171M |
| Share buybacks (net) | -$250M | -$180M | -$150M | -$276M | -$93M | -$152M | -$300M | -$160M | -$514M | -$923M |
| Net borrowing | — | $0 | $0 | $450M | $0 | $0 | -$350M | $0 | -$250M | $250M |
| Free cash flow margin | 3.3% | 4.6% | 1.1% | 2.7% | 4.0% | 2.3% | 1.6% | -0.9% | 5.1% | 7.9% |
| Dividends per share | $0.87 | $0.91 | $0.95 | $1.03 | $1.07 | $1.17 | $1.58 | $1.66 | $1.71 | $1.75 |
Questions
What was JB Hunt Transport Services's revenue in 2025?
$12.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does JB Hunt Transport Services generate?
$948M in fiscal 2025 (operating cash flow minus capital spending).
From JB Hunt Transport Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.