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J.B. Hunt Transport Services (JBHT)
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J.B. Hunt Transport Services Income Statement 2025-2007 | JBHT
Brief overview of financial results at J.B. Hunt Transport Services
The conclusions below are based on five years of reported results. J.B. Hunt Transport Services reported revenue of 9.6 billion dollars in 2020 and 12 billion dollars by 2025. Overall revenue changed by +24.5%, equal to an annualized rate of about 4.5%. Sales changed only slightly and remained broadly flat.
Gross profit changed from 7.3 billion dollars to 8.8 billion dollars (+20.2%). Cost of revenue developed less favorably than sales and pressured gross profitability. The gross margin was 75.6% at the start and 73% at the end. Weakening gross profitability reduces the quality of the top-line trend.
The five-year EBITDA result moved by +27.4%: from 1.2 billion dollars to 1.6 billion dollars. There was no major divergence between EBITDA and revenue. Comparing the endpoints gives EBITDA margins of 12.9% and 13.2%. The operating margin showed no pronounced shift.
Net income changed from 506 million dollars to 598 million dollars (+18.2%). Net income did not provide a strong directional signal.
The five-year change in capitalization reached +52.5%: from $14.1 billion to $21.6 billion. Market value supported the favorable financial trajectory.
Overall conclusion
The results present an uneven picture without one dominant signal. The constructive conclusion rests on consistent operating efficiency and net-income growth. The overall view is constrained by a lower gross margin and limited revenue growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement J.B. Hunt Transport Services
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
21.6 B | 17 B | 22 B | 19.1 B | 20.3 B | 14.1 B | 11.9 B | 11.6 B | 13.2 B | 11 B | 8.28 B | 9.28 B | 8.85 B | 7.9 B | 5.93 B | 4.18 B | 4.05 B | 4.25 B | - |
Shares |
97.1 M | 102 M | 103 M | 104 M | 105 M | 106 M | 106 M | 109 M | 110 M | 111 M | 114 M | 117 M | 117 M | 118 M | 117 M | 125 M | 127 M | 125 M | - |
Historical Prices |
222 | 167 | 213 | 183 | 193 | 134 | 106 | 104 | 117 | 94.9 | 68.8 | 74.6 | 69.7 | 61.9 | 46.5 | 33.5 | 32 | 33.9 | 29.3 |
Net Income |
598 M | 571 M | 728 M | 969 M | 761 M | 506 M | 516 M | 490 M | 686 M | 432 M | 427 M | 375 M | 342 M | 310 M | 257 M | 200 M | 136 M | 201 M | - |
Revenue |
12 B | 12.1 B | 12.8 B | 14.8 B | 12.2 B | 9.64 B | 9.17 B | 8.61 B | 7.19 B | 6.56 B | 6.19 B | 6.17 B | 5.58 B | 5.05 B | 4.53 B | 3.79 B | 3.2 B | 3.73 B | - |
Cost of Revenue |
3.24 B | 3.23 B | 3.26 B | 3.37 B | 2.76 B | 2.35 B | 2.17 B | 1.93 B | 1.61 B | 1.47 B | 1.39 B | 1.29 B | 1.14 B | 1.04 B | 1 B | 911 M | 798 M | 860 M | - |
Gross Profit |
8.76 B | 8.85 B | 9.57 B | 11.4 B | 9.41 B | 7.29 B | 1.17 B | 1.06 B | 942 M | 952 M | 926 M | 823 M | 729 M | 658 M | 1.69 B | 2.88 B | 2.41 B | 2.87 B | - |
Operating Income |
865 M | 831 M | 993 M | 1.33 B | 1.05 B | 713 M | 734 M | 681 M | 624 M | 721 M | 716 M | 632 M | 577 M | 530 M | 444 M | 348 M | 248 M | 358 M | - |
Interest Expense |
- | 79 M | 65.9 M | 51.2 M | 46.3 M | 47.6 M | 54.7 M | 40.4 M | 28.8 M | 25.3 M | 25.6 M | 27 M | 23.2 M | 25.6 M | 28.5 M | 28 M | 27.4 M | 35.3 M | - |
EBITDA |
1.58 B | 1.59 B | 1.73 B | 1.98 B | 1.6 B | 1.24 B | 1.23 B | 1.12 B | 1.01 B | 1.08 B | 1.06 B | 926 M | 830 M | 759 M | 658 M | 545 M | 437 M | 561 M | - |
Operating Expenses |
7.9 B | 8.02 B | 8.58 B | 10.1 B | 8.36 B | 6.58 B | 772 M | 678 M | 576 M | 465 M | 430 M | 410 M | 355 M | 307 M | 1.24 B | 2.53 B | 2.16 B | 2.51 B | - |
General and Administrative Expenses |
282 M | 306 M | 275 M | 215 M | 196 M | 180 M | 384 M | 324 M | 273 M | 185 M | 167 M | 152 M | 120 M | 98.5 M | 1.03 B | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement J.B. Hunt Transport Services
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
93.7 M | 94.1 M | 94.5 M | -742 K | 96.2 M | 97.4 M | 99.9 M | -365 K | 101 M | 102 M | 103 M | -88 K | 103 M | 104 M | 104 M | -156 K | 104 M | 104 M | 105 M | -93 K | 105 M | 104 M | 105 M | -14 K | 106 M | 106 M | 106 M | -281 K | 107 M | 107 M | 109 M | -109 K | 109 M | 109 M | 110 M | -79 K | 110 M | 110 M | 111 M | -316 K | 113 M | 113 M | 113 M | -480 K | 115 M | 116 M | 117 M | -20 K | 117 M | 117 M | 117 M | -23 K | 118 M | 117 M | 118 M | 111 M | 118 M | 117 M | 117 M | -782 K | 119 M | 120 M | 121 M | -727 K | 123 M | 126 M |
Net Income |
172 M | 181 M | 142 M | 181 M | 171 M | 129 M | 118 M | 155 M | 152 M | 136 M | 127 M | 154 M | 187 M | 190 M | 198 M | 201 M | 269 M | 255 M | 243 M | 242 M | 200 M | 255 M | 243 M | 154 M | 125 M | 122 M | 105 M | 145 M | 118 M | 134 M | 120 M | 88.7 M | 131 M | 152 M | 118 M | 385 M | 100 M | 97.9 M | 103 M | 118 M | 109 M | 105 M | 100 M | 117 M | 115 M | 103 M | 91.9 M | 110 M | 102 M | 93.4 M | 68.7 M | 91.9 M | 89.5 M | 87.7 M | 73.3 M | 84 M | 78.2 M | 80.5 M | 67.7 M | 72.6 M | 68.6 M | 65.7 M | 50.1 M | 57.9 M | 52.2 M | 52.1 M |
Revenue |
3.68 B | 3.5 B | 3.06 B | 3.1 B | 3.05 B | 2.93 B | 2.92 B | 3.15 B | 3.07 B | 2.93 B | 2.94 B | 3.3 B | 3.16 B | 3.13 B | 3.23 B | 3.65 B | 3.84 B | 3.84 B | 3.49 B | 3.5 B | 3.14 B | 3.84 B | 3.49 B | 2.74 B | 2.47 B | 2.15 B | 2.28 B | 2.45 B | 2.36 B | 2.26 B | 2.09 B | 2.32 B | 2.21 B | 2.14 B | 1.95 B | 1.99 B | 1.84 B | 1.73 B | 1.63 B | 1.72 B | 1.69 B | 1.62 B | 1.53 B | 1.62 B | 1.59 B | 1.54 B | 1.44 B | 1.61 B | 1.6 B | 1.55 B | 1.41 B | 1.47 B | 1.44 B | 1.38 B | 1.29 B | 1.34 B | 1.3 B | 1.26 B | 1.17 B | 1.2 B | 1.17 B | 1.15 B | 1 B | 1.02 B | 986 M | 943 M |
Cost of Revenue |
877 M | 820 M | 786 M | 798 M | 822 M | 817 M | 800 M | 812 M | 809 M | 803 M | 808 M | 807 M | 803 M | 822 M | 825 M | 880 M | 888 M | 842 M | 764 M | 764 M | 712 M | 842 M | 764 M | 625 M | 594 M | 554 M | 574 M | 562 M | 555 M | 535 M | 516 M | 515 M | 495 M | 465 M | 450 M | 430 M | 408 M | 390 M | 380 M | 360 M | 375 M | 372 M | 363 M | 364 M | 352 M | 348 M | 331 M | 339 M | 327 M | 320 M | 304 M | 302 M | 290 M | 282 M | 264 M | 271 M | 261 M | 256 M | 250 M | 258 M | 256 M | 255 M | 232 M | 237 M | 237 M | 228 M |
Gross Profit |
2.8 B | 2.67 B | 2.27 B | 2.3 B | 2.23 B | 2.11 B | 2.12 B | 2.33 B | 2.26 B | 2.13 B | 2.14 B | 2.5 B | 2.36 B | 2.31 B | 2.4 B | 2.77 B | 2.95 B | - | - | 2.73 B | 2.43 B | 3 B | 2.72 B | 2.11 B | 1.88 B | 1.59 B | 1.71 B | 1.89 B | 1.81 B | 1.73 B | 1.57 B | 1.8 B | 1.71 B | 1.67 B | 1.5 B | 1.56 B | 1.43 B | 1.34 B | 1.25 B | 1.36 B | 1.32 B | 1.24 B | 1.17 B | 1.26 B | 1.23 B | 1.19 B | 1.11 B | 1.27 B | 1.27 B | 1.23 B | 1.1 B | 1.17 B | 1.15 B | 1.1 B | 1.03 B | 1.07 B | 1.03 B | 999 M | 916 M | 946 M | 915 M | 894 M | 769 M | 783 M | 749 M | 715 M |
Operating Income |
247 M | 259 M | 207 M | 246 M | 243 M | 197 M | 179 M | 207 M | 224 M | 206 M | 194 M | 203 M | 242 M | 271 M | 277 M | 282 M | 362 M | 353 M | 334 M | 323 M | 274 M | 353 M | 334 M | 208 M | 176 M | 175 M | 155 M | 205 M | 168 M | 193 M | 168 M | 123 M | 175 M | 215 M | 169 M | 146 M | 165 M | 164 M | 149 M | 194 M | 183 M | 176 M | 168 M | 193 M | 194 M | 174 M | 155 M | 183 M | 172 M | 159 M | 117 M | 154 M | 151 M | 147 M | 125 M | 143 M | 133 M | 137 M | 117 M | 122 M | 119 M | 113 M | 89.8 M | 97.3 M | 91.5 M | 91.3 M |
Interest Expense |
- | - | - | - | - | - | - | 22.4 M | 20.8 M | 20.2 M | 15.6 M | 24 M | 12.6 M | 14.6 M | 14.8 M | 12.3 M | 13.6 M | 12.8 M | 12.6 M | 10.2 M | 12 M | 12.8 M | 12.6 M | 10.8 M | 11.9 M | 12.8 M | 12 M | 14.5 M | 12.4 M | 14.8 M | 13 M | 11.5 M | 9.96 M | 9.86 M | 9.15 M | 6.26 M | 8.31 M | 7.39 M | 6.82 M | 5.95 M | 6.48 M | 6.42 M | 6.44 M | 4.38 M | 7.84 M | 6.66 M | 6.7 M | 5.67 M | 6.65 M | 8.33 M | 6.38 M | - | - | - | - | - | - | - | - | - | - | - | 8.43 M | - | 6.66 M | 6.61 M |
EBITDA |
431 M | 440 M | 386 M | -269 M | 422 M | 374 M | 358 M | -312 M | 412 M | 390 M | 377 M | 209 M | 247 M | 451 M | 453 M | 287 M | 367 M | 511 M | 483 M | 326 M | 277 M | 358 M | 338 M | -171 M | 308 M | 305 M | 285 M | 208 M | 171 M | 197 M | 170 M | 125 M | 177 M | 217 M | 171 M | 149 M | 166 M | 257 M | 242 M | -74.4 M | 274 M | 266 M | 256 M | -57.3 M | 280 M | 257 M | 237 M | 261 M | 248 M | 231 M | 186 M | 220 M | 215 M | 210 M | 186 M | 202 M | 191 M | 193 M | 173 M | 178 M | 173 M | 166 M | 141 M | 147 M | 141 M | 140 M |
Operating Expenses |
2.55 B | 2.42 B | 2.06 B | 2.05 B | 1.99 B | 1.91 B | 1.94 B | 2.13 B | 2.03 B | 1.92 B | 1.94 B | 2.29 B | 2.12 B | 2.04 B | 2.13 B | 2.49 B | 2.59 B | - | - | 2.41 B | 2.16 B | 2.64 B | 2.39 B | 1.9 B | 1.7 B | 1.42 B | 1.55 B | 1.68 B | 1.64 B | 1.53 B | 1.41 B | 1.68 B | 1.54 B | 1.46 B | 1.33 B | 1.41 B | 1.27 B | 1.17 B | 1.1 B | 1.17 B | 1.13 B | 1.07 B | 998 M | 1.06 B | 1.04 B | 1.02 B | 954 M | 1.09 B | 1.1 B | 1.07 B | 985 M | 1.02 B | 995 M | 953 M | 903 M | 924 M | 902 M | 862 M | 799 M | 824 M | 797 M | 781 M | 679 M | 685 M | 657 M | 623 M |
General and Administrative Expenses |
72.3 M | 65.7 M | 61.9 M | 64.7 M | 69 M | 74.9 M | 73 M | 82.5 M | 72.4 M | 74.7 M | 76.8 M | 83.3 M | 69.4 M | 61.5 M | 60.4 M | 55.3 M | 62.8 M | 59.8 M | 37.4 M | 53 M | 50.3 M | 59.8 M | 37.4 M | 48.4 M | 41.9 M | 44.6 M | 45.2 M | 51.3 M | 49.1 M | 46.5 M | 45 M | 51.2 M | 42.4 M | 37.3 M | 32.3 M | 51.3 M | 29.4 M | 21.7 M | 23.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company J.B. Hunt Transport Services (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.