Tearsheet

JB Hunt Transport Services (JBHT)


Market Price (3/14/2026): $200.25 | Market Cap: $19.0 Bil
Sector: Industrials | Industry: Cargo Ground Transportation

JB Hunt Transport Services (JBHT)


Market Price (3/14/2026): $200.25
Market Cap: $19.0 Bil
Sector: Industrials
Industry: Cargo Ground Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -57%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.6%, Rev Chg QQuarterly Revenue Change % is -1.6%
1 Low stock price volatility
Vol 12M is 42%
  
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Future of Freight. Themes include Last-Mile Delivery, Freight Technology, Show more.
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Future of Freight. Themes include Last-Mile Delivery, Freight Technology, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -57%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.6%, Rev Chg QQuarterly Revenue Change % is -1.6%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

JB Hunt Transport Services (JBHT) stock has gained about 15% since 11/30/2025 because of the following key factors:

1. J.B. Hunt Transport Services (JBHT) reported stronger-than-expected financial results for the fourth quarter of 2025 on January 15, 2026. The company announced diluted earnings per share (EPS) of $1.90, surpassing analysts' consensus estimates of $1.81 by $0.09. Additionally, operating income for the quarter increased by 19% year-over-year.

2. The company demonstrated a significant commitment to returning capital to shareholders through substantial share repurchases. In the fourth quarter of 2025, J.B. Hunt purchased approximately 843,000 shares of its common stock for about $140 million. For the full year 2025, the company repurchased around 6.3 million shares totaling approximately $923 million.

Show more

Stock Movement Drivers

Fundamental Drivers

The 15.3% change in JBHT stock from 11/30/2025 to 3/13/2026 was primarily driven by a 8.9% change in the company's P/E Multiple.
(LTM values as of)113020253132026Change
Stock Price ($)173.61200.2515.3%
Change Contribution By: 
Total Revenues ($ Mil)12,04911,999-0.4%
Net Income Margin (%)4.8%5.0%4.9%
P/E Multiple29.231.88.9%
Shares Outstanding (Mil)96951.4%
Cumulative Contribution15.3%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
JBHT15.3% 
Market (SPY)-3.1%47.6%
Sector (XLI)7.1%67.8%

Fundamental Drivers

The 38.8% change in JBHT stock from 8/31/2025 to 3/13/2026 was primarily driven by a 25.0% change in the company's P/E Multiple.
(LTM values as of)83120253132026Change
Stock Price ($)144.32200.2538.8%
Change Contribution By: 
Total Revenues ($ Mil)12,06411,999-0.5%
Net Income Margin (%)4.6%5.0%8.6%
P/E Multiple25.431.825.0%
Shares Outstanding (Mil)97952.7%
Cumulative Contribution38.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
JBHT38.8% 
Market (SPY)3.0%20.7%
Sector (XLI)8.8%35.5%

Fundamental Drivers

The 25.6% change in JBHT stock from 2/28/2025 to 3/13/2026 was primarily driven by a 12.7% change in the company's P/E Multiple.
(LTM values as of)22820253132026Change
Stock Price ($)159.43200.2525.6%
Change Contribution By: 
Total Revenues ($ Mil)12,08711,999-0.7%
Net Income Margin (%)4.7%5.0%5.6%
P/E Multiple28.231.812.7%
Shares Outstanding (Mil)101956.3%
Cumulative Contribution25.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
JBHT25.6% 
Market (SPY)12.4%47.6%
Sector (XLI)22.0%53.3%

Fundamental Drivers

The 14.1% change in JBHT stock from 2/28/2023 to 3/13/2026 was primarily driven by a 69.2% change in the company's P/E Multiple.
(LTM values as of)22820233132026Change
Stock Price ($)175.48200.2514.1%
Change Contribution By: 
Total Revenues ($ Mil)14,81411,999-19.0%
Net Income Margin (%)6.5%5.0%-23.8%
P/E Multiple18.831.869.2%
Shares Outstanding (Mil)104959.3%
Cumulative Contribution14.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
JBHT14.1% 
Market (SPY)73.4%46.0%
Sector (XLI)70.2%54.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
JBHT Return51%-14%16%-14%15%8%62%
Peers Return38%-18%45%14%9%15%135%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
JBHT Win Rate67%42%50%50%67%67% 
Peers Win Rate65%38%58%48%58%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
JBHT Max Drawdown-1%-24%-5%-22%-27%0% 
Peers Max Drawdown-5%-30%-8%-17%-26%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KNX, SNDR, ODFL, XPO, CHRW. See JBHT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventJBHTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-29.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven40.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven608 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-37.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven58.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven81 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven54.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven414 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven114.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven638 days1,480 days

Compare to KNX, SNDR, ODFL, XPO, CHRW

In The Past

JB Hunt Transport Services's stock fell -29.0% during the 2022 Inflation Shock from a high on 3/16/2022. A -29.0% loss requires a 40.8% gain to breakeven.

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About JB Hunt Transport Services (JBHT)

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.

AI Analysis | Feedback

1. J.B. Hunt is like **FedEx or UPS**, but for industrial freight and full truckloads, leveraging both road and rail instead of small packages.

2. J.B. Hunt is like **Penske or Ryder**, offering comprehensive logistics, dedicated contract services, and fleet management for businesses, not just basic hauling or rentals.

AI Analysis | Feedback

  • Intermodal Freight Solutions: Transporting freight using a combination of rail and truck, primarily with company-owned equipment and chassis.
  • Dedicated Contract Services: Designing and executing customized supply chain and transportation solutions with dedicated fleets for specific customer needs.
  • Freight Brokerage and Logistics Management: Providing diverse freight brokerage for various modes (flatbed, refrigerated, LTL, FTL, intermodal) and offering comprehensive logistics management services.
  • Final Mile Delivery: Offering specialized delivery services for the last leg of a product's journey to the end customer or business.
  • Truckload Shipping: Providing traditional over-the-road dry-van freight transportation services utilizing company-owned tractors and trailers.

AI Analysis | Feedback

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AI Analysis | Feedback

The clear emerging threat to J.B. Hunt Transport Services is the accelerating development and potential widespread deployment of autonomous trucking technology. This innovation could fundamentally alter the cost structure and operational model of the transportation industry by significantly reducing or eliminating the need for human drivers. Given J.B. Hunt's substantial reliance on company drivers and independent contractors across its Intermodal, Dedicated Contract Services, Final Mile Services, and Truckload segments, a successful and scalable autonomous trucking solution by competitors or new entrants could render traditional, labor-intensive trucking operations less competitive, mirroring how Uber disrupted traditional taxicab businesses.

AI Analysis | Feedback

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Better Bets vs. JB Hunt Transport Services (JBHT)

Latest Trefis Analyses

Trade Ideas

Select ideas related to JBHT.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026LZLegalZoom.comDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.2%7.2%-5.0%
ADP_2132026_Dip_Buyer_ValueBuy02132026ADPAutomatic Data ProcessingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.1%1.1%-3.0%
TREX_2132026_Dip_Buyer_ValueBuy02132026TREXTrexDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.2%-3.2%-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PCTYPaylocityDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-0.6%-0.6%-4.8%
JBHT_2282025_Insider_Buying_GTE_1Mil_EBITp+DE_V202282025JBHTJB Hunt Transport ServicesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-9.5%46.4%-22.6%
JBHT_3312024_Insider_Buying_GTE_1Mil_EBITp+DE_V203312024JBHTJB Hunt Transport ServicesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-13.1%-25.0%-25.9%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

JBHTKNXSNDRODFLXPOCHRWMedian
NameJB Hunt .Knight-S.Schneide.Old Domi.XPO C.H. Rob. 
Mkt Price200.2551.9323.71180.75181.71169.39175.07
Mkt Cap19.08.44.137.721.420.319.7
Rev LTM11,9997,4785,6745,4968,15616,2337,817
Op Inc LTM8653211691,361729795762
FCF LTM948-62183955329844586
FCF 3Y Avg483-267885-168642275
CFO LTM1,6788186371,370986915950
CFO 3Y Avg1,6359476681,533825719886

Growth & Margins

JBHTKNXSNDRODFLXPOCHRWMedian
NameJB Hunt .Knight-S.Schneide.Old Domi.XPO C.H. Rob. 
Rev Chg LTM-0.7%-0.0%7.3%-5.5%1.0%-8.4%-0.4%
Rev Chg 3Y Avg-6.6%0.1%-4.4%-4.2%1.9%-12.1%-4.3%
Rev Chg Q-1.6%2.7%4.5%-5.7%4.6%-6.5%0.6%
QoQ Delta Rev Chg LTM-0.4%0.7%1.1%-1.4%1.1%-1.6%0.1%
Op Mgn LTM7.2%4.3%3.0%24.8%8.9%4.9%6.1%
Op Mgn 3Y Avg7.3%4.8%3.8%26.4%8.2%3.9%6.0%
QoQ Delta Op Mgn LTM0.4%0.0%-0.1%-0.2%0.2%0.1%0.0%
CFO/Rev LTM14.0%10.9%11.2%24.9%12.1%5.6%11.7%
CFO/Rev 3Y Avg13.3%13.1%12.2%26.7%10.3%4.2%12.6%
FCF/Rev LTM7.9%-0.8%3.2%17.4%4.0%5.2%4.6%
FCF/Rev 3Y Avg4.0%-0.0%1.2%15.5%-2.2%3.8%2.5%

Valuation

JBHTKNXSNDRODFLXPOCHRWMedian
NameJB Hunt .Knight-S.Schneide.Old Domi.XPO C.H. Rob. 
Mkt Cap19.08.44.137.721.420.319.7
P/S1.61.10.76.92.61.31.4
P/EBIT21.924.024.127.732.725.524.8
P/E31.859.340.036.967.934.638.5
P/CFO11.310.36.527.521.722.216.5
Total Yield4.0%2.7%4.1%3.3%1.5%4.4%3.7%
Dividend Yield0.9%1.0%1.6%0.6%0.0%1.5%1.0%
FCF Yield 3Y Avg2.7%-0.0%1.3%2.4%-2.1%4.7%1.8%
D/E0.10.40.10.00.20.10.1
Net D/E0.10.40.0-0.00.20.10.1

Returns

JBHTKNXSNDRODFLXPOCHRWMedian
NameJB Hunt .Knight-S.Schneide.Old Domi.XPO C.H. Rob. 
1M Rtn-13.1%-13.5%-20.2%-6.9%-10.0%-13.4%-13.3%
3M Rtn1.0%-2.1%-12.2%13.5%21.9%8.2%4.6%
6M Rtn45.9%25.4%-0.2%25.2%39.6%28.9%27.1%
12M Rtn35.5%15.6%2.8%11.7%71.2%79.2%25.5%
3Y Rtn22.6%1.8%-6.3%10.2%455.7%86.3%16.4%
1M Excs Rtn-10.7%-11.2%-17.8%-4.5%-7.6%-11.0%-10.9%
3M Excs Rtn2.9%2.8%-10.3%16.7%22.4%9.0%5.9%
6M Excs Rtn39.4%18.9%-5.6%18.5%32.3%27.4%23.1%
12M Excs Rtn10.1%-8.2%-20.3%-10.4%45.6%58.4%1.0%
3Y Excs Rtn-57.4%-77.7%-82.9%-64.8%345.0%7.7%-61.1%

Comparison Analyses

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Intermodal (JBI)3,5073,3913,2702,8582,426
Dedicated Contract Services (DCS)2,1952,3551,9521,6301,482
Other (includes corporate)1,3891,3891,1601,003947
Final Mile Services (FMS)544634620472486
Truckload (JBT)389419474403286
Integrated Capacity Solutions (ICS)288350311428301
Total8,3128,5387,7876,7945,928


Price Behavior

Price Behavior
Market Price$200.25 
Market Cap ($ Bil)19.0 
First Trading Date03/26/1990 
Distance from 52W High-14.8% 
   50 Days200 Days
DMA Price$214.75$169.33
DMA Trendupup
Distance from DMA-6.8%18.3%
 3M1YR
Volatility32.1%41.7%
Downside Capture97.4896.75
Upside Capture122.21108.84
Correlation (SPY)46.3%47.6%
JBHT Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.750.800.870.500.990.96
Up Beta-0.200.960.900.730.960.92
Down Beta3.241.391.240.981.130.96
Up Capture130%126%174%95%112%81%
Bmk +ve Days9203170142431
Stock +ve Days14243565125367
Down Capture-81%-30%-29%-49%87%102%
Bmk -ve Days12213054109320
Stock -ve Days7172659126383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JBHT
JBHT31.2%41.8%0.75-
Sector ETF (XLI)28.0%19.2%1.1653.0%
Equity (SPY)19.6%18.9%0.8147.5%
Gold (GLD)71.9%26.3%2.053.0%
Commodities (DBC)19.3%17.3%0.8913.2%
Real Estate (VNQ)6.2%16.3%0.1940.1%
Bitcoin (BTCUSD)-15.0%44.2%-0.2416.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JBHT
JBHT5.6%31.6%0.22-
Sector ETF (XLI)13.4%17.1%0.6259.5%
Equity (SPY)13.1%17.0%0.6151.5%
Gold (GLD)24.1%17.3%1.144.6%
Commodities (DBC)11.2%19.0%0.4713.3%
Real Estate (VNQ)4.8%18.8%0.1642.9%
Bitcoin (BTCUSD)6.4%56.7%0.3317.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JBHT
JBHT10.7%29.6%0.40-
Sector ETF (XLI)13.8%19.8%0.6162.1%
Equity (SPY)14.5%17.9%0.7056.1%
Gold (GLD)14.4%15.6%0.770.4%
Commodities (DBC)8.6%17.6%0.4019.4%
Real Estate (VNQ)5.6%20.7%0.2344.7%
Bitcoin (BTCUSD)67.5%66.8%1.0711.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity2.3 Mil
Short Interest: % Change Since 2152026-23.5%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest3.1 days
Basic Shares Quantity94.9 Mil
Short % of Basic Shares2.4%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/15/2026-1.0%0.1%8.4%
10/15/202522.1%21.4%20.1%
7/15/20251.7%2.1%-1.7%
4/15/2025-7.7%-3.5%9.8%
1/16/2025-7.4%-8.7%-6.2%
10/15/20243.1%0.6%8.6%
7/16/2024-6.9%-6.2%-6.8%
4/16/2024-8.1%-8.4%-8.2%
...
SUMMARY STATS   
# Positive131216
# Negative11128
Median Positive1.7%3.7%8.1%
Median Negative-1.8%-3.5%-5.4%
Max Positive22.1%21.4%20.1%
Max Negative-8.8%-11.9%-8.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/24/202610-K
09/30/202510/24/202510-Q
06/30/202507/24/202510-Q
03/31/202504/25/202510-Q
12/31/202402/21/202510-K
09/30/202410/25/202410-Q
06/30/202407/26/202410-Q
03/31/202404/26/202410-Q
12/31/202302/23/202410-K
09/30/202310/27/202310-Q
06/30/202307/27/202310-Q
03/31/202304/28/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
06/30/202207/29/202210-Q
03/31/202205/02/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Webb, BrianEVP- Final Mile ServicesDirectSell12092025189.11796150,5282,968,397Form
2Bracy, KevinSR VP, TreasurerDirectSell12092025191.151,100210,2651,830,070Form
3Keefauver, DavidEVP of PeopleDirectSell12092025189.291,588300,593104,110Form
4Hicks, Bradley WPresident of DCSDirectSell12032025190.042,000380,0905,796,182Form
5Delco, Albert BradEVP & CFODirectSell12032025179.541,000179,5401,264,500Form