Hub Group, Inc.
HUBG Industrials Integrated Freight & Logistics
Hub Group, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $3.9 billion, down 6.10% from fiscal 2023. In the quarter to September 2025, revenue fell 5.31%, EPS grew 23.1% and free cash flow fell 37.4%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
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Hub Group, Inc. (HUBG) Piotroski F-score
Hub Group, Inc.'s Piotroski F-score for fiscal 2024 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, up from 6 in fiscal 2023.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 7 | 1.00 |
| FY2023 | 6 | (1.00) |
| FY2022 | 7 | (1.00) |
| FY2021 | 8 | 2.00 |
| FY2020 | 6 | (1.00) |
| FY2019 | 7 | 1.00 |
| FY2018 | 6 | 2.00 |
| FY2017 | 4 | (1.00) |
| FY2016 | 5 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 3.58% | 5.83% | Pass | 1 |
| Positive operating cash flow | 194.42m | 422.16m | Pass | 1 |
| Rising return on assets | 3.58% | 5.83% | Fail | 0 |
| Cash flow above net income | 90.43m | 254.63m | Pass | 1 |
| Falling long-term leverage | 0.06 | 0.09 | Pass | 1 |
| Rising current ratio | 1.33 | 1.29 | Pass | 1 |
| No new shares issued | 60,623,000 | 63,324,000 | Pass | 1 |
| Rising gross margin | 25.74% | 25.15% | Pass | 1 |
| Rising asset turnover | 1.36 | 1.46 | Fail | 0 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| JBHT J.B. Hunt Transport Services, Inc. compare | 8 |
| HUBG Hub Group, Inc. | 7 |
| ZTO ZTO Express (Cayman) Inc. compare | 7 |
| PBI Pitney Bowes Inc. compare | 7 |
| LSTR Landstar System, Inc. compare | 6 |
| GXO GXO Logistics, Inc. compare | 6 |
| CYRX CryoPort, Inc. compare | 5 |
| FWRD Forward Air Corporation compare | 5 |
| RLGT Radiant Logistics, Inc. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover