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JB Hunt
(NASDAQ:JBHT)
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Rating:72Outperform
Price Target:
$320.00
▲(11.00% Upside)
Action:Reiterated
Date:07/25/26
The score is driven primarily by solid financial performance (improving leverage and strong current cash generation) and a positive earnings-call backdrop (strong growth, record Intermodal volumes, and meaningful structural cost reductions). Technicals support the case with a clear uptrend. The main restraint is valuation: a high P/E and low yield leave less margin of safety if margin recovery (notably in truckload/ICS) falls short.
Positive Factors
Strong cash generation
Sustained free cash flow near $1.1B and operating cash flow ~ $1.6B provide durable internal funding for capital investment, fleet refresh, dividends, and opportunistic buybacks. Reliable cash conversion supports a stable capital allocation policy through freight cycles.
Negative Factors
Truckload margin pressure
Rising purchased transportation (spot) costs have eroded truckload gross profit despite revenue and volume gains, indicating limited short-term pricing pass-through. Persistent third-party cost inflation could structurally compress truckload margins until contractual repricing or spot cost normalization occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained free cash flow near $1.1B and operating cash flow ~ $1.6B provide durable internal funding for capital investment, fleet refresh, dividends, and opportunistic buybacks. Reliable cash conversion supports a stable capital allocation policy through freight cycles.
Read all positive factors
JB Hunt Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Reveals profitability across different business segments, highlighting which areas drive earnings and where efficiency improvements could boost margins.
Reveals profitability across different business segments, highlighting which areas drive earnings and where efficiency improvements could boost margins.
Data provided by:
The Fly
The FlyJB Hunt (JBHT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.93B
Dividend Yield0.66%
Average Volume (3M)1.04M
Price to Earnings (P/E)39.4
Beta (1Y)0.88
Revenue Growth5.28%
EPS Growth28.24%
CountryUS
Employees31,750
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)7.04
Shares Outstanding93,914,940
10 Day Avg. Volume1,218,586
30 Day Avg. Volume1,041,970
Financial Highlights & Ratios
PEG Ratio3.42
Price to Book (P/B)5.33
Price to Sales (P/S)1.58
P/FCF Ratio20.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$303.21Price Target Upside5.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)7.81
Revenue Forecast (FY)$13.12B
JB Hunt Business Overview & Revenue Model
Company Description
Operating across North America, J.B. Hunt Transport Services, Inc. specializes in ground transportation, last-mile delivery, and comprehensive logistics solutions. Its operations are structured into five distinct divisions: Intermodal (JBI), Dedic...
How the Company Makes Money
JB Hunt makes money primarily by charging customers to move freight and manage transportation capacity through several operating segments. (1) Intermodal: JB Hunt sells door-to-door intermodal transportation, pricing freight moves that combine tru...
JB Hunt Earnings Call Summary
Earnings Call Date:Jul 15, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 20, 2026
Earnings Call Sentiment Positive
The call presented materially positive operational and financial momentum: strong top-line growth, record Intermodal volumes, double-digit volume gains across multiple businesses, significant structural cost reductions (~$135M) and improved safety. Offsetting items include margin pressure in truckload (JBT) driven by higher purchase transportation costs, ongoing ICS margin recovery needs, a ~100 bps fuel headwind to Dedicated margins, and industry-wide driver and drayage capacity constraints that create near-term cost and hiring pressure. Management emphasized disciplined pricing and capital allocation while expressing confidence in further pricing opportunities heading into the next bid cycle.Positive Updates
Strong GAAP Financial Results
Total revenue increased 19% year-over-year, operating income improved 32%, and diluted earnings per share rose 45% compared to the prior-year period, demonstrating meaningful financial leverage and execution.
Negative Updates
Truckload (JBT) Margin Pressure Despite Revenue Growth
JBT revenue increased 35% with load growth of 14%, but gross profit dollars declined 12%, primarily due to higher purchase transportation (spot) rates—indicating margin pressure from third-party capacity costs.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong GAAP Financial Results
Total revenue increased 19% year-over-year, operating income improved 32%, and diluted earnings per share rose 45% compared to the prior-year period, demonstrating meaningful financial leverage and execution.
Read all positive updates
Company Guidance
Management said demand should remain strong in H2 and that they’re preparing for a fall peak similar in timing/shape to 2025, while staying disciplined on capital and returns and expecting a return to fleet growth this year (full‑year gross truck sales target 1,000–1,200; ~250 trucks sold in Q2). They reported Q2 GAAP revenue +19%, operating income +32%, and diluted EPS +45% YoY, with double‑digit volume growth across JBI, ICS and JBT (JBT revenue +35%, load growth +14%, gross profit dollars -12%) and Intermodal setting a quarterly record of >578,000 loads (+10% YoY; Apr +9%, May +9%, Jun +12%; Transcon +5%, East +16% / +31% two‑year stack). Management noted they’ve removed >$135M of structural costs over the past year, safety is improved (DOT‑preventable accidents per million miles YTD better by 11%), Intermodal revenue per load ex‑fuel was modestly positive (~+1%), Dedicated faced an estimated ~100‑bp fuel headwind to operating margin, container utilization recently topped ~90% with thousands of boxes available, and pricing remains the primary remaining lever into the 2027 bid season.JB Hunt Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.70B | 12.00B | 12.09B | 12.83B | 14.81B | 12.17B |
| Gross Profit | 2.07B | 1.60B | 2.06B | 2.21B | 2.47B | 1.87B |
| EBITDA | 1.64B | 1.58B | 1.60B | 1.74B | 1.98B | 1.60B |
| Net Income | 674.51M | 598.28M | 570.89M | 728.29M | 969.35M | 760.81M |
Balance Sheet | ||||||
| Total Assets | 7.94B | 8.14B | 8.53B | 8.81B | 8.00B | 6.95B |
| Cash, Cash Equivalents and Short-Term Investments | 4.16M | 17.28M | 46.98M | 53.34M | 51.93M | 355.55M |
| Total Debt | 1.15B | 1.89B | 1.79B | 1.93B | 1.57B | 1.48B |
| Total Liabilities | 4.29B | 4.58B | 4.51B | 4.70B | 4.34B | 3.84B |
| Stockholders Equity | 3.66B | 3.57B | 4.01B | 4.10B | 3.67B | 3.12B |
Cash Flow | ||||||
| Free Cash Flow | 1.10B | 947.59M | 617.78M | -117.81M | 236.09M | 276.33M |
| Operating Cash Flow | 1.60B | 1.68B | 1.48B | 1.74B | 1.78B | 1.22B |
| Investing Cash Flow | -320.64M | -574.77M | -663.69M | -1.69B | -1.55B | -877.02M |
| Financing Cash Flow | -1.32B | -1.13B | -825.83M | -57.99M | -530.43M | -304.63M |
JB Hunt Technical Analysis
Negative
288.30
Price Trends
279.27
Negative
253.51
Positive
223.29
Positive
Market Momentum
4.22
Negative
54.68
Neutral
64.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBHT, the sentiment is Negative. The current price of 288.3 is above the 20-day moving average (MA) of 283.26, above the 50-day MA of 279.27, and above the 200-day MA of 223.29, indicating a neutral trend. The MACD of 4.22 indicates Negative momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 64.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JBHT.
JB Hunt Risk Analysis
JB Hunt disclosed 16 risk factors in its most recent earnings report. JB Hunt reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JB Hunt Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $22.25B | 27.60 | 36.71% | 0.90% | 1.13% | 2.62% | |
72 Outperform | $25.93B | 39.43 | 18.75% | 0.62% | 5.28% | 28.24% | |
68 Neutral | $18.15B | 14.20 | 14.20% | 2.89% | 15.87% | 1.18% | |
67 Neutral | $23.41B | 69.40 | 21.57% | ― | 3.63% | -11.81% | |
64 Neutral | $6.03B | 51.19 | 15.87% | 1.80% | 4.10% | -19.02% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $20.48B | 33.87 | 36.01% | 1.35% | -0.09% | 19.50% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.