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JB Hunt
(NASDAQ:JBHT)
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Rating:73Outperform
Price Target:
$323.00
▲(31.79% Upside)
Action:Reiterated
Date:05/15/26
JBHT scores well on strengthening financial quality (conservative leverage and improved free cash flow) and strong technical momentum (price above key moving averages with positive MACD). The main constraint is valuation (high P/E and low yield). Earnings-call commentary was supportive on margin expansion and cost-out progress, but near-term risks persist around purchased transportation costs, uneven pricing recovery, and the Final Mile revenue headwind.
Positive Factors
Cash generation
TTM operating cash flow and free cash flow recovered to over $1.0B after prior weakness. Durable positive FCF provides the company flexibility to fund $600–$800M capex, retire debt, pursue buybacks and dividends, and absorb cyclical revenue volatility without eroding core operations.
Negative Factors
Purchased transportation pressure
Elevated purchased-transportation costs materially compressed gross profit in ICS and JBT despite volume growth. If third-party carrier costs remain structurally higher, contract repricing lags and mix shifts can keep company margins capped for multiple quarters until carrier market balance and contract resets occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
TTM operating cash flow and free cash flow recovered to over $1.0B after prior weakness. Durable positive FCF provides the company flexibility to fund $600–$800M capex, retire debt, pursue buybacks and dividends, and absorb cyclical revenue volatility without eroding core operations.
Read all positive factors
JB Hunt Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows revenue distribution across various business segments, indicating which areas are growing and contributing most to overall sales.
Shows revenue distribution across various business segments, indicating which areas are growing and contributing most to overall sales.
Data provided by:
The Fly
The FlyJB Hunt (JBHT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.95B
Dividend Yield0.89%
Average Volume (3M)1.03M
Price to Earnings (P/E)44.3
Beta (1Y)0.89
Revenue Growth0.58%
EPS Growth17.20%
CountryUS
Employees33,646
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)6.45
Shares Outstanding94,299,200
10 Day Avg. Volume1,157,511
30 Day Avg. Volume1,031,078
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 Cap0.98
Enterprise Value/Revenue2.18
Enterprise Value/Gross Profit12.64
Enterprise Value/Ebitda16.85
Forecast
1Y Price Target
$254.00Price Target Upside3.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering20
EPS Forecast (FY)7.4
Revenue Forecast (FY)$13.00B
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:Apr 15, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 15, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive and confident tone: the company delivered revenue growth, meaningful margin expansion (70 bps), strong safety and service results, record intermodal volumes, accelerated Dedicated momentum and tangible structural cost removal (over $30M in the quarter). Challenges remain—margin pressure from purchased transportation, weather and fuel volatility, driver hiring constraints, a disclosed Final Mile revenue headwind (~$90M), and uneven pricing recovery by lane—but management emphasized disciplined, ROI-driven investment, prefunded capacity, and continuing bid-season traction. On balance, operational execution and cost-out progress combined with share gains and prefunded capacity position the company well to capitalize as pricing normalizes.Positive Updates
Quarterly Financial Performance
GAAP revenue increased 5% year over year; operating income improved 16% YoY; diluted earnings per share rose 27% YoY, reflecting improved financial and operational performance.
Negative Updates
Margin Pressure from Purchased Transportation
Despite revenue growth in certain segments, gross profit dollars declined in some businesses due to higher purchased transportation rates (notably JBT gross profit declined ~5% YoY despite revenue +23%); ICS and JBT experiencing margin pressure as third-party costs remain elevated.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Financial Performance
GAAP revenue increased 5% year over year; operating income improved 16% YoY; diluted earnings per share rose 27% YoY, reflecting improved financial and operational performance.
Read all positive updates
Company Guidance
Management reiterated capital and margin priorities, guiding 2026 net CapEx of $600–$800 million and a net truck-sales target of 800–1,000 trucks for the year (≈295 sold in Q1), while pursuing a $100 million “lower our cost to serve” target (removed >$30 million in Q1 and running at a pace north of $30M/quarter). They closed the quarter with 0.8x debt turns (below their 1.0x target), retired $700 million of notes on March 1, repurchased ~380,000 shares (~$80M), and the Board approved a 2% dividend increase (22nd consecutive year). Management reiterated confidence in restoring margins — noting Q1 results of revenue +5%, operating income +16%, diluted EPS +27% and ~70 bps of margin expansion YoY — while remaining disciplined on pricing, prefunding capacity (particularly in intermodal), and withholding bid-season specifics until season close.JB Hunt Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
76
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.13B | 12.00B | 12.09B | 12.83B | 14.81B | 12.17B |
| Gross Profit | 2.10B | 1.60B | 2.06B | 2.21B | 2.47B | 1.87B |
| EBITDA | 1.57B | 1.58B | 1.60B | 1.74B | 1.98B | 1.60B |
| Net Income | 622.10M | 598.28M | 570.89M | 728.29M | 969.35M | 760.81M |
Balance Sheet | ||||||
| Total Assets | 7.93B | 8.14B | 8.53B | 8.81B | 8.00B | 6.95B |
| Cash, Cash Equivalents and Short-Term Investments | 4.56M | 17.28M | 46.98M | 53.34M | 51.93M | 355.55M |
| Total Debt | 1.30B | 1.89B | 1.79B | 1.93B | 1.57B | 1.48B |
| Total Liabilities | 4.34B | 4.58B | 4.51B | 4.70B | 4.34B | 3.84B |
| Stockholders Equity | 3.59B | 3.57B | 4.01B | 4.10B | 3.67B | 3.12B |
Cash Flow | ||||||
| Free Cash Flow | 1.03B | 947.59M | 617.78M | -117.81M | 236.09M | 276.33M |
| Operating Cash Flow | 1.63B | 1.68B | 1.48B | 1.74B | 1.78B | 1.22B |
| Investing Cash Flow | -420.45M | -574.77M | -663.69M | -1.69B | -1.55B | -877.02M |
| Financing Cash Flow | -1.25B | -1.13B | -825.83M | -57.99M | -530.43M | -304.63M |
JB Hunt Technical Analysis
Positive
245.08
Price Trends
265.70
Positive
242.56
Positive
209.23
Positive
Market Momentum
5.34
Negative
59.19
Neutral
81.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBHT, the sentiment is Positive. The current price of 245.08 is below the 20-day moving average (MA) of 281.21, below the 50-day MA of 265.70, and above the 200-day MA of 209.23, indicating a bullish trend. The MACD of 5.34 indicates Negative momentum. The RSI at 59.19 is Neutral, neither overbought nor oversold. The STOCH value of 81.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $21.92B | 26.98 | 36.71% | 1.02% | 1.13% | 2.62% | |
73 Outperform | $26.95B | 44.31 | 17.30% | 0.89% | 0.58% | 17.20% | |
70 Outperform | $7.06B | 57.52 | 14.64% | 2.56% | -0.79% | -28.21% | |
70 Outperform | $17.28B | 13.49 | 14.20% | 2.98% | 15.87% | 1.18% | |
64 Neutral | $24.23B | 69.94 | 19.04% | ― | 3.63% | -11.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $22.38B | 37.97 | 33.32% | 1.51% | -6.68% | 18.19% |
* Industrials Sector Average
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JB Hunt Corporate Events
Shareholder Meetings
JB Hunt Shareholders Back Board, Pay and Auditor Choices
Positive
Apr 24, 2026
At J.B. Hunt Transport Services, Inc.’s annual meeting of shareholders held on April 23, 2026, investors elected all nominated directors to serve one-year terms, with each candidate receiving a substantial majority of votes cast despite some...
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.