Industrials · Cargo Ground Transportation · US stock · price as of 22 Oct 2026
Key indicators
Price
$230.59
52-week range
$157.82 – $299.76
Market cap
$21.9B
P/E (trailing)
32.9×
EV / EBITDA
13.8×
Free-cash-flow yield
5.0%
Dividend yield
0.8%
Revenue (last 12 months)
$12.7B
Revenue growth (3y a year)
−6.8%
Operating margin
7.5%
Return on invested capital
15.1%
Net debt / EBITDA
0.7×
Fair value
Fair value (average of valid models)$208.59 middle half of models $207 – $224
Versus priceFair−10% to fair value
P/E multiple
$224.22
P/B multiple
$206.66
P/S multiple
$262.12
EV/EBITDA multiple
$236.63
EV/EBIT multiple
$208.93
EV/revenue multiple
$270.59
10-year DCF, EBITDA exit
$209.18
5-year DCF, EBITDA exit
$215.98
10-year DCF, revenue exit
$213.15
5-year DCF, revenue exit
$220.99
10-year DCF, growth exit
$139.90
5-year DCF, growth exit
$129.81
Earnings power value
$173.44
Model uncertainty
Medium
X-Ray Score
49/ 100 · Medium confidence · ahead of 43% of sector peers
Valuation52
Growth26
Profitability60
Financial health63
Dividends31
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
J.B. Hunt Transport Services is a North American surface transportation company. Its businesses include intermodal service that moves containers by rail with trucking at each end, dedicated contract trucking for customers who want a fixed fleet and drivers, brokerage and managed freight capacity, final-mile delivery of bulky goods, and truckload carriage. Customers are retailers, manufacturers and other shippers, and the company works with major railroads and owns a large fleet of containers and trailers.
Revenue comes from freight charges and service fees across its different transport lines. Sales were $12.7 billion over the last twelve months, with growth of -6.8% a year across the last three years, a decline. The operating margin is 7.5%, and the business earns a profit of 15% on the capital invested in it. Net debt is 0.7 times EBITDA. A dividend is paid, with a yield of 0.8%.
StocksXray gives Hunt J B Transport Services Inc an X-Ray Score of 49 out of 100 (medium confidence), ahead of 43% of the S&P 500 stocks in its sector. Its strongest lens is financial health (63) and its weakest is growth (26).
Our fair value (the average of the valid models) is $208.59 (range $206.66 to $224.22). At $230.59 the stock trades 11% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Hunt J B Transport Services Inc (JBHT)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$195.50
$168.28
$194.51
$167.77
$193.27
$230.59
Market cap
$20.8B
$17.7B
$20.3B
$17.2B
$18.9B
$21.9B
P/E
27.4×
18.3×
27.9×
30.2×
31.6×
32.9×
EV / revenue
1.8×
1.3×
1.7×
1.5×
1.7×
1.8×
EV / EBITDA
13.6×
9.6×
12.6×
11.7×
12.9×
13.8×
Price / free cash flow
75.4×
75.0×
–
27.9×
19.9×
19.9×
Free-cash-flow yield
1.3%
1.3%
−0.6%
3.6%
5.0%
5.0%
Price / book
6.7×
4.8×
5.0×
4.3×
5.3×
6.0×
Dividend yield
0.60%
0.95%
0.86%
1.03%
0.23%
0.78%
Fundamentals checklist ● 5 Good · ● 5 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−11.6%Good
Free-cash-flow yield5.0%Good
Risk models
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−12.7%Bad
Free-cash-flow growth (3y)58.9%Good
Revenue growth (3y)−6.8%Bad
Growth consistency20%Bad
Balance sheet
Current ratio1.3×Average
Net debt / EBITDA0.7×Good
Interest cover13.7×Average
Valuation
Fair value vs price0.9×Average
EBIT / EV yield4.1%Average
Profitability
Return on invested capital15.1%Average
Operating margin7.5%Bad
XStocksXray
Hunt J B Transport Services Inc (JBHT)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
12,168
14,814
12,830
12,087
11,999
12,701
Gross profit
–
–
–
–
–
–
Operating income
1,046
1,332
993
831
865
956
Net income
761
969
728
571
598
675
Diluted EPS ($)
7.14
9.21
6.97
5.56
6.12
7.01
Free cash flow
276
236
-118
618
948
1,100
Gross margin
–
–
–
–
–
–
Operating margin
8.6%
9.0%
7.7%
6.9%
7.2%
7.5%
Net margin
6.3%
6.5%
5.7%
4.7%
5.0%
5.3%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
6,794
7,787
8,588
8,312
7,927
7,945
Cash
356
52
53
47
17
4
Total debt
1,301
1,262
1,576
1,478
1,467
1,145
Equity
3,118
3,667
4,104
4,015
3,565
3,657
Dividend per share ($)
1.18
1.60
1.68
1.72
0.44
0.46
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
