JB Hunt (JBHT) AI Stock Analysis

• Market Cap: $18.94B
• Dividend Yield: 0.89%
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): 31.7
• Beta (1Y): 0.94
• Revenue Growth: -1.60%
• EPS Growth: 4.87%
• Country: US
• Employees: 33,646
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 1.90
• Shares Outstanding: 94,604,080
• 10 Day Avg. Volume: 899,120
• 30 Day Avg. Volume: 1,033,329
• PEG Ratio: 3.42
• Price to Book (P/B): 5.33
• Price to Sales (P/S): 1.58
• P/FCF Ratio: 20.03
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 1.76
• Enterprise Value/Gross Profit: 12.58
• Enterprise Value/Ebitda: 13.40
• 1Y Price Target: $211.55
• Price Target Upside: 5.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 20
• EPS Forecast (FY): 7.21
• Revenue Forecast (FY): $12.40B

• Rating: 69 Neutral
• Price Target: $257.00 ▲(28.34% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

JBHT scores 69, driven by a solid financial base (controlled leverage, solid returns, and strong recent cash generation) and strong technical momentum with the stock in a clear uptrend. These positives are tempered by premium valuation (P/E ~31.7, low yield) and earnings-call highlights of persistent demand/mix headwinds and segment-specific pressures (intermodal softness and the ~$90M 2026 Final Mile revenue headwind).

Positive Factors

Diversified multimodal network

JB Hunt's portfolio of intermodal, dedicated contract carriage, brokerage/ICS and final‑mile services creates durable revenue diversification. Multiple service lines enable cross‑sell, better capacity matching and resilience to single‑mode demand swings, supporting steadier cash flows and customer stickiness over cycles.

Controlled leverage and sizable equity base

A debt-to-equity near 0.41 and a meaningful equity cushion give JB Hunt financial flexibility to fund replacement capex, opportunistic buybacks and weather freight downturns. Controlled leverage supports investment‑grade posture and preserves capacity to pursue growth or absorb working‑capital swings without forcing asset sales.

Strong cash generation (OCF and FCF)

Consistent operating cash flow and recovery to near‑$1B free cash flow demonstrate durable internal funding for capex, dividends and buybacks. While FCF has been volatile historically, the 2025 rebound indicates the firm's ability to convert operating profits to cash and sustain capital returns and network reinvestment over the medium term.

Negative Factors

Top-line softness and volume pressure

Persistent revenue declines and lower intermodal volumes reflect structural demand fragility in key verticals and routes. Weaker volumes reduce fixed‑cost absorption across terminals and equipment, constrain pricing leverage and make margin recovery harder without sustained demand or market share gains.

Margin pressure and Final Mile headwind

Rising spot truckload costs and the expected ~$90M Final Mile revenue loss are structural drags on gross margin and network scale. These trends force either higher customer pricing, which may be resisted, or margin sacrifice, and replacing lost final‑mile volumes can take many quarters, pressuring sustained profitability.

Industry and regulatory uncertainty

Regulatory shifts and potential rail consolidation create structural risk to intermodal service economics and contractual relationships. Greater enforcement and changing rail dynamics can increase costs, disrupt lane economics and complicate long‑term planning, pressuring reliability and margins across JB Hunt's intermodal franchise.

JB Hunt Business Overview & Revenue Model

Company Description

J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks. As of December 31, 2021, it operated 11,139 company-owned trucks, 544 customer-owned trucks, and 6 contractor trucks. The company also operates 21,069 owned pieces of trailing equipment and 7,753 customer-owned trailers. The ICS segment provides freight brokerage and transportation logistics solutions; flatbed, refrigerated, expedited, and less-than-truckload, as well as dry-van and intermodal solutions; an online multimodal marketplace; and logistics management for customers to outsource the transportation functions. The FMS segment offers delivery services through 1,272 company-owned trucks, 272 customer-owned trucks, and 19 independent contractor trucks; and 1,036 owned pieces of trailing equipment and 185 customer-owned trailers. The JBT segment provides dry-van freight services by utilizing tractors and trailers operating over roads and highways through 734 company-owned tractors and 11,172 company-owned trailers. It also transports or arranges for the transportation of freight, such as general merchandise, specialty consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive parts, agricultural products, electronics, and chemicals. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.

How the Company Makes Money

JB Hunt generates revenue primarily through its various service segments. The Intermodal segment involves the transportation of freight using rail and truck, which provides cost-effective and efficient shipping solutions. The Dedicated Contract Services segment focuses on providing customized transportation solutions tailored to specific customer needs, ensuring long-term contracts that contribute to stable revenue streams. The Truckload segment offers standard freight transportation services, while Final Mile Services focus on delivering goods directly to consumers. Key revenue streams include freight charges, logistics management fees, and service contracts. Additionally, partnerships with railroads enhance the intermodal service efficiency, contributing to JB Hunt's earnings through improved capacity utilization and cost savings.

JB Hunt Financial Statement Overview

Summary

Financials are stable but cyclical. Revenue and profitability have softened versus the 2021–2023 period, including a sharp 2025 gross-margin squeeze, but operating profits remain consistent. Balance sheet leverage is controlled and improving (debt-to-equity ~0.41 in 2025) with solid ROE (~16.8%). Cash flow is a positive (2025 OCF ~$1.68B; FCF ~$948M) though volatility (negative FCF in 2023) is a risk.

Income Statement

Revenue has been under pressure recently (down ~6% in 2024 and essentially flat-to-down again in 2025), and profitability has softened versus the 2021–2023 period. Gross margin compressed sharply in 2025 (~10.5% vs ~17% in 2024), while EBIT and net margins remained positive but below earlier-cycle highs (net margin ~5.0% in 2025 vs ~6.5% in 2022). Offsetting this, the business still generates consistent operating profits with relatively steady EBITDA margin (~13% range), indicating resilience despite a weaker freight environment.

Balance Sheet

Leverage looks controlled with debt-to-equity improving to ~0.41 in 2025 from ~0.47 in 2023, and total debt stepping down versus prior years. Equity remains sizable (~$3.6B in 2025), supporting balance-sheet flexibility. A watch item is the downward drift in total assets and equity since 2023, but overall returns remain solid (return on equity ~16.8% in 2025) and the capital structure does not appear stretched.

Cash Flow

Cash generation is generally healthy: operating cash flow rose to ~$1.68B in 2025 (above 2024), and free cash flow rebounded strongly to ~$948M in 2025 after a negative year in 2023. Free cash flow growth was strong in 2025 (20%), and free cash flow covered a meaningful portion of earnings (~56% in 2025). The main weakness is volatility—free cash flow swung from negative in 2023 to strongly positive in 2025—suggesting sensitivity to working capital and/or investment cycles.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.00B	12.09B	12.83B	14.81B	12.17B
Gross Profit	1.26B	2.06B	2.21B	2.47B	1.87B
EBITDA	1.58B	1.60B	1.74B	1.98B	1.60B
Net Income	598.28M	570.89M	728.29M	969.35M	760.81M
Balance Sheet
Total Assets	8.14B	8.53B	8.81B	8.00B	6.95B
Cash, Cash Equivalents and Short-Term Investments	17.28M	46.98M	53.34M	51.93M	355.55M
Total Debt	1.89B	1.79B	1.93B	1.57B	1.48B
Total Liabilities	4.58B	4.51B	4.70B	4.34B	3.84B
Stockholders Equity	3.57B	4.01B	4.10B	3.67B	3.12B
Cash Flow
Free Cash Flow	947.59M	617.78M	-117.81M	236.09M	276.33M
Operating Cash Flow	1.68B	1.48B	1.74B	1.78B	1.22B
Investing Cash Flow	-574.77M	-663.69M	-1.69B	-1.55B	-877.02M
Financing Cash Flow	-1.13B	-825.83M	-57.99M	-530.43M	-304.63M

JB Hunt Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 200.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBHT, the sentiment is Neutral. The current price of 200.25 is below the 20-day moving average (MA) of 221.66, below the 50-day MA of 214.71, and above the 200-day MA of 169.31, indicating a neutral trend. The MACD of -2.33 indicates Positive momentum. The RSI at 35.17 is Neutral, neither overbought nor oversold. The STOCH value of 5.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JBHT.

JB Hunt Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZTO	73 Outperform	$18.57B	10.88	13.94%	2.98%	12.89%	3.12%
JBHT	69 Neutral	$18.94B	31.73	16.33%	0.89%	-1.60%	4.87%
EXPD	66 Neutral	$19.03B	24.87	35.57%	1.02%	12.54%	19.59%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
XPO	63 Neutral	$21.29B	50.75	17.81%	―	-0.30%	-11.02%
CHRW	61 Neutral	$20.09B	32.93	32.52%	1.51%	-7.08%	71.39%
LSTR	58 Neutral	$5.04B	44.08	13.01%	2.56%	-0.74%	-32.79%

JB Hunt Corporate Events

JB Hunt Announces Dual Listing on New Nasdaq Texas

On March 5, 2026, J.B. Hunt Transport Services, Inc. announced that its common stock had been approved for a dual listing on the new Nasdaq Texas exchange, with trading expected to begin March 6, 2026 under the ticker JBHT while the company’s primary listing remains on the Nasdaq Global Select Market. The launch was marked at a closing bell ceremony in San Antonio attended by J.B. Hunt’s leadership, industry representatives and Texas officials, underscoring the state’s role as a growing hub for capital formation.

Management framed the dual listing as a move to align the company with Texas’s economic expansion and to tap additional liquidity, global investors and enhanced technology solutions offered by Nasdaq Texas. The decision reflects J.B. Hunt’s deep operational footprint in Texas, where it serves more than 1,800 customers via major freight routes and ports and operates over 100 locations, suggesting the listing could further solidify its regional presence while broadening its investor base without changing how current shareholders trade the stock.

The most recent analyst rating on (JBHT) stock is a Buy with a $246.00 price target. To see the full list of analyst forecasts on JB Hunt stock, see the JBHT Stock Forecast page.