Hunt J B Transport Services
JBHT on Nasdaq. J.B. Hunt Transport Services sells transportation and delivery services to customers in North America. Market value $21.6bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
What to watch out for
See cheaper Industrials stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.10 of spare cash in the past 12 months. A savings account pays about $4.
You pay 23.8 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 14 cents a year. Above 10 is good.
Quality score: 82 of 100. Price score: 57 of 100. Our list needs 70 on quality and 60 on price.
$229.74 a share, 68% above its 1-year low
Over the past year the price has ranged from $136.46 to $299.76.
Expected to report results Wednesday 14 Oct, after the market closes.
Dividend: 0.8% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $12.2bn | $14.8bn | $12.8bn | $12.1bn | $12.0bn |
| Operating margin | |||||
| Operating margin | 8.6% | 9.0% | 7.7% | 6.9% | 7.2% |
| Debt to equity | |||||
| Debt to equity | 0.42 | 0.34 | 0.38 | 0.37 | 0.41 |
| Shares outstanding | |||||
| Shares outstanding | 0.10bn | 0.10bn | 0.10bn | 0.10bn | 0.09bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)No
- Debt0.41× equity
- Revenue growth, five yearsSlow, 4.5% a year
- Buying back its own sharesYes, 9% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3.5 billion last quarter, up 19% on a year ago.
- Profit: $181 million, up 41% on a year ago.
- It keeps 8 cents of each $1 of sales as operating profit, up from 7 cents a year earlier.
- Spare cash over the past 12 months: $1.1 billion, up from $600 million.
- 3% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $1.1 billion more than cash, down from $1.7 billion a year ago.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3.1bn |
| December 2024 | $3.1bn |
| March 2025 | $2.9bn |
| June 2025 | $2.9bn |
| September 2025 | $3.1bn |
| December 2025 | $3.1bn |
| March 2026 | $3.1bn |
| June 2026 | $3.5bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $152m |
| December 2024 | $155m |
| March 2025 | $118m |
| June 2025 | $129m |
| September 2025 | $171m |
| December 2025 | $181m |
| March 2026 | $142m |
| June 2026 | $181m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 14 October 2026
- Last annual report (10-K)
- 24 February 2026
- Next quarterly (estimated, 10-Q)
- 23 October 2026
Who owns it
5 long-term investors we follow own it, up from 4 last quarter. 856 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Barrow HanleyBarrow Hanley team | $288m | 0.9% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $59m | 0.1% | Added |
| Heartland AdvisorsBill Nasgovitz | $22m | 1.0% | Cut |
| First Eagle Investment ManagementMatthew McLennan | $2m | <0.1% | Added |
| GMOJeremy Grantham | $295,219 | <0.1% | New |
Largest holders overall
- BlackRock$1.8bnAdded
- Vanguard Capital Management$1.4bn
- AQR Capital Management$1.2bnAdded
- State Street$1.2bnAdded
- Vanguard Portfolio Management$1.1bn
- Jupiter Topco$891m
- Geode Capital Management$600m
- DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$597mCut
- Morgan Stanley$544m
- Invesco$497mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Vanguard Capital ManagementPassive investor6.0%Since 31 March 2026
- T. Rowe Price Investment Management, Inc.Passive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 6.0% | 31 March 2026 | |
T. Rowe Price Investment Management, Inc. Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $2,086 of shares on the open market. 12 sold $14m.
- Keefauver DavidEVP of PeopleSold
- Date
- 5 June 2026
- Shares
- 703
- Price
- $285.13
- Value
- $200,446
- Webb BrianEVP- Final Mile ServicesSold
- Date
- 5 June 2026
- Shares
- 1,500
- Price
- $284.01
- Value
- $426,015
- Frazier SpencerEVP of Sales and MarketingSold
- Date
- 19 May 2026
- Shares
- 2,000
- Price
- $258.20
- Value
- $516,400
- Hicks Bradley W.President of DCSSold
- Date
- 15 May 2026
- Shares
- 7,644
- Price
- $261.91
- Value
- $2m
- Field Darren P.EVP and President IntermodalSold
- Date
- 14 May 2026
- Shares
- 4,000
- Price
- $254.49
- Value
- $1m
- Hobbs NicholasEVP and COOSold
- Date
- 22 April 2026
- Shares
- 1,272
- Price
- $250.75
- Value
- $318,954
- THOMPSON JAMES KDirectorSold
- Date
- 21 April 2026
- Shares
- 1,000
- Price
- $254.28
- Value
- $254,280
- BOATTINI JENNIFERSR VP Legal/General CounselSold
- Date
- 27 February 2026
- Shares
- 2,238
- Price
- $232.00
- Value
- $519,216
- THOMPSON JAMES KDirectorSold
- Date
- 11 February 2026
- Shares
- 2,300
- Price
- $230.75
- Value
- $530,725
- Delco Albert BradEVP & CFOSold
- Date
- 6 February 2026
- Shares
- 1,000
- Price
- $227.25
- Value
- $227,250
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 5 June 2026 | Keefauver David EVP of People | Sold | 703 | $285.13 | $200,446 |
| 5 June 2026 | Webb Brian EVP- Final Mile Services | Sold | 1,500 | $284.01 | $426,015 |
| 19 May 2026 | Frazier Spencer EVP of Sales and Marketing | Sold | 2,000 | $258.20 | $516,400 |
| 15 May 2026 | Hicks Bradley W. President of DCS | Sold | 7,644 | $261.91 | $2m |
| 14 May 2026 | Field Darren P. EVP and President Intermodal | Sold | 4,000 | $254.49 | $1m |
| 22 April 2026 | Hobbs Nicholas EVP and COO | Sold | 1,272 | $250.75 | $318,954 |
| 21 April 2026 | THOMPSON JAMES K Director | Sold | 1,000 | $254.28 | $254,280 |
| 27 February 2026 | BOATTINI JENNIFER SR VP Legal/General Counsel | Sold | 2,238 | $232.00 | $519,216 |
| 11 February 2026 | THOMPSON JAMES K Director | Sold | 2,300 | $230.75 | $530,725 |
| 6 February 2026 | Delco Albert Brad EVP & CFO | Sold | 1,000 | $227.25 | $227,250 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Feb 2026, plus the 10-Q filed 24 Jul 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.