Saturday 31 October 2026 Export JBHT’s income statement to Excel — free account

J.B. Hunt Transport Services, Inc.

JBHT Industrials Integrated Freight & Logistics

J.B. Hunt Transport Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, down 0.73% from fiscal 2024. In the quarter to June 2026, revenue grew 19.4%, EPS grew 45.8%, free cash flow grew 29.8% and total debt fell 33.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

220.95 1.11 −0.50%

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Market cap: $20.7B
P/E: 31.3×
Fwd P/E: 31.2×
Dividend yield: 0.81%
F-score: 8/9
Altman Z: 5.80
Beneish M: −3.21
Dividend safety: 89/100

Overview Business Profile Earnings & Analysis Segments Filings

J.B. Hunt Transport Services, Inc. (JBHT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
JBI	5,975	49.80%
DCS	3,376	28.14%
ICS	1,109	9.24%
FMS	824	6.87%
JBT	734	6.12%
Gross margin		46.23%
Operating margin		7.21%
Pre-tax margin		6.62%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Service Excluding Fuel Surcharge	10,523 87.70%	10,558 87.35%	10,978 85.57%	12,381 83.58%	10,915 89.70%	8,880 92.15%	8,123 88.62%	7,558 87.73%	6,436 89.52%	6,007 91.64%
Fuel Surcharge	1,476 12.30%	1,529 12.65%	1,851 14.43%	2,433 16.42%	1,253 10.30%	757 7.85%	1,043 11.38%	1,057 12.27%	754 10.48%	548 8.36%
Revenue	11,999	12,087	12,830	14,814	12,168	9,637	9,165	8,615	7,190	6,555

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
JBI	5,975 49.80%	5,956 49.28%	6,208 48.39%	7,022 47.40%	5,454 44.82%	4,675 48.51%	4,745 51.77%	4,717 54.75%	4,084 56.80%	3,796 57.91%	3,665 59.23%	3,687 59.80%	3,456 61.88%	3,071 60.75%	2,673 59.05%	2,141 56.44%
DCS	3,376 28.14%	3,396 28.10%	3,543 27.62%	3,524 23.79%	2,706 22.24%	2,196 22.79%	2,128 23.22%	1,788 20.75%	1,719 23.91%	1,533 23.39%	1,451 23.45%	1,394 22.61%	1,231 22.04%	1,080 21.37%	1,031 22.78%	907 23.91%
ICS	1,109 9.24%	1,141 9.44%	1,390 10.83%	2,323 15.68%	2,471 20.31%	1,658 17.21%	1,348 14.71%	1,335 15.50%	1,025 14.26%	852 13.00%	699 11.30%	718 11.65%	537 9.62%	456 9.02%	356 7.86%	291 7.67%
FMS	824 6.87%	910 7.53%	918 7.16%	1,042 7.03%	909 7.47%	689 7.15%	567 6.19%	375 4.35%	—	—	—	—	—	—	—	—
JBT	734 6.12%	702 5.81%	789 6.15%	937 6.33%	668 5.49%	463 4.80%	389 4.24%	417 4.84%	378 5.26%	388 5.92%	386 6.24%	386 6.26%	391 7.00%	484 9.57%	504 11.13%	479 12.63%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(25) (0.66%)
Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	(30) (0.54%)	(36) (0.71%)	(37) (0.82%)	—
Total Segment Revenues	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3,818
Revenue	11,999	12,087	12,830	14,814	12,168	9,637	9,165	8,615	7,190	6,555	6,188	6,165	5,585	5,055	4,527	3,793

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
JBI	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
DCS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FMS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
JBT	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
ICS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Customer retention rates	Q3 FY2026	96.0%	95.0%	—
Dedicated average effective trailing equipment usage	Q3 FY2026	36.8K	33.2K	+11.11%
Dedicated average length of haul	Q3 FY2026	169.00	175.00	−3.43%
Dedicated average trucks during the period	Q3 FY2026	12.8K	12.7K	+0.57%
Dedicated loads	Q3 FY2026	1.0M	992.0K	+3.13%
Dedicated revenue per truck per week	Q3 FY2026	$5,732.00	$5,209.00	+10.04%
Dedicated trailing equipment	Q3 FY2026	35.1K	32.2K	+8.73%
Dedicated trucks	Q3 FY2026	12.9K	12.7K	+1.28%
Final Mile Services stops	Q3 FY2026	876.4K	—	—
Integrated Capacity Solutions approximate number of third-party carriers	Q4 FY2025	126.4K	110.0K	+14.91%
Integrated Capacity Solutions employee count	Q3 FY2026	722.00	563.00	+28.24%
Integrated Capacity Solutions loads	Q3 FY2026	164.5K	135.3K	+21.55%
Integrated Capacity Solutions revenue per load	Q3 FY2026	$2,638.00	$2,042.00	+29.19%
Intermodal average effective trailing equipment usage	Q3 FY2026	114.4K	104.6K	+9.39%
Intermodal average length of haul	Q3 FY2026	1.6K	1.6K	−2.74%
Intermodal average tractors during the period	Q3 FY2026	6.4K	6.4K	+0.16%
Intermodal loads	Q3 FY2026	585.6K	539.9K	+8.46%
Intermodal revenue per load	Q3 FY2026	$3,121.00	$2,816.00	+10.83%
Intermodal tractors	Q3 FY2026	6.4K	6.4K	+0.80%
Intermodal trailing equipment	Q3 FY2026	124.2K	125.1K	−0.74%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Customer retention rates	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated average effective trailing equipment usage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated average length of haul	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated average trucks during the period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated loads	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated revenue per truck per week	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated trailing equipment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Dedicated trucks	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Final Mile Services stops	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Integrated Capacity Solutions approximate number of third-party carriers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Integrated Capacity Solutions employee count	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Integrated Capacity Solutions loads	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Integrated Capacity Solutions revenue per load	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal average effective trailing equipment usage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal average length of haul	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal average tractors during the period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal loads	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal revenue per load	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal tractors	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intermodal trailing equipment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.