J.B. Hunt Transport Services, Inc. (JBHT)
Fair bewertetFundamental
70
Kurs
$224.05
Marktkapitalisierung
$21.52B
Teil 1 · Was das Unternehmen wert ist
Übersicht
J.B. Hunt moves freight around North America without owning most of what it hauls: it operates its own trucks and trailers for some services, leases railroad-owned flatcars from partners such as BNSF and Union Pacific for its intermodal business, and brokers loads to independent carriers for others. Its largest business, Intermodal, moves shipping containers by rail for the long-haul portion of a trip and by truck for the first and last miles, competing with over-the-road trucking on cost.
Wie das Geld verdient wird
Revenue is earned per load or per dedicated fleet contract rather than through subscriptions. Intermodal, the largest segment, earns a margin on combined rail-and-truck moves; Dedicated Contract Services signs multi-year contracts to run a customer's private truck fleet for a fixed or mileage-based fee, more predictable than spot freight; Integrated Capacity Solutions brokers loads to other carriers without owning trucks, earning a thinner margin on volume. Pricing moves with the broader freight cycle.
Umsatz nach Segment
Moves shipping containers combining rail for long-haul with truck for first- and last-mile delivery, the company's largest business.
Runs a private truck fleet exclusively for one customer under a multi-year contract, trading flexibility for revenue predictability.
A freight brokerage that matches customer loads to outside carriers without owning the trucks that haul them.
Delivers large, bulky goods such as furniture and appliances to a customer's home, the last and most service-intensive leg of delivery.
Traditional over-the-road trucking for full trailer loads, the company's smallest and most commoditized segment.
Wettbewerbsvorteil
Skaleneffekte · SchmalJ.B. Hunt's scale — the largest privately owned intermodal container fleet in North America and long-standing capacity agreements with major railroads — gives it service reliability and cost efficiencies smaller trucking and logistics companies struggle to match. But freight transportation remains a highly competitive, largely undifferentiated business where price and available capacity matter more than brand, so the advantage is narrow.
Was die Nachfrage antreibt
ZyklischFreight volumes track industrial production, retail inventory cycles and consumer goods demand closely, so a slowdown in the broader economy shows up quickly in lower shipment counts and softer pricing. Trucking capacity is cyclical too: when rates fall, weaker carriers exit the market, which eventually tightens capacity and lifts pricing again, and J.B. Hunt's results move through that cycle with the rest of the industry.
Wichtigste Risiken
- Driver and capacity availability — A tight market for qualified drivers can raise wages and limit the capacity J.B. Hunt and the carriers it uses can put on the road, raising costs across the business.
- Fuel price volatility — Diesel costs fluctuate with global oil markets; the company can usually pass on a majority of fuel increases through surcharges, but the extent and timing of that recovery is not guaranteed.
- Freight-cycle sensitivity — Revenue and pricing move with cycles in industrial production and retail inventory levels; a broad economic slowdown reduces shipment volumes and can trigger rate wars among carriers competing for less freight.
- Rail-partner dependence in Intermodal — The Intermodal segment depends on capacity and service from railroad partners, primarily BNSF and Union Pacific, for the long-haul leg of each move; service disruptions or a deterioration in that relationship directly affect the company's largest business.
Kundenkonzentration
J.B. Hunt serves a broad base of retail, industrial and consumer-goods customers across its segments, and the Dedicated Contract Services model in particular ties much of its revenue to multi-year contracts spread across many individual customers rather than one dominant buyer.
Die Argumente dafür
Buyers point to J.B. Hunt's scale as North America's largest intermodal operator, its long-standing rail partnerships, and the revenue predictability of Dedicated Contract Services as advantages that let it outlast smaller, less capitalized competitors through freight downturns.
Die Argumente dagegen
Sellers worry that freight is a commodity business where rates and volumes swing hard with the industrial and retail cycle, that dependence on rail partners for Intermodal service leaves a key part of results outside the company's control, and that driver and fuel costs can erode margins with little warning.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19. September 2026 with claude-haiku-4-5 — shared with all users
Hub Group is the closest peer to J.B. Hunt's flagship intermodal business, running its own container fleet and drayage over the same North American rail networks, plus dedicated fleets and freight brokerage for the same shippers.
C.H. Robinson is the benchmark non-asset freight broker, competing directly with J.B. Hunt's Integrated Capacity Solutions arm to place shippers' loads with third-party carriers.
Schneider offers the same three-part mix J.B. Hunt sells — intermodal, dedicated contract fleets and truckload — and bids against it for the large US shippers that buy all three together.
Knight-Swift is the largest US truckload carrier and also sells dedicated fleets, intermodal and brokerage, competing head-on for the same dry-van contract freight.
Werner competes for the same long-haul truckload and dedicated-fleet contracts with national retail and consumer-goods shippers, the customer base of J.B. Hunt's DCS and JBT segments.
Ryder's dedicated transportation and last-mile operations chase the same private-fleet outsourcing contracts that J.B. Hunt's Dedicated Contract Services and Final Mile segments are built on.
Bilanz & Liquidität
Umsatz
$12.70B
Letzte 12 Monate (bis 30.6.2026)
Nettogewinn
$675M
Letzte 12 Monate (bis 30.6.2026)
Freier Cashflow
$948M
Gesamtes Eigenkapital
$3.57B
Gesamtverbindlichkeiten
$4.36B
Current Ratio
1.26
Zinsdeckungsgrad
13.65
Schulden/EBITDA
0.72
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$192.88
Aktueller Kurs
$224.05
Sicherheitsmarge
-16.2%
Innerer-Wert-Spanne
$125.37 - $260.39
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
31.83
ROE
16.8%
P/B-Verhältnis
5.75
P/FCF
19.13
Bruttomarge
-
ROIC
11.6%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
11.6%
WACC
11.2%
ROIC − WACC
+0.5 pp
Der ROIC liegt etwa auf Höhe der Kapitalkosten: Das Unternehmen deckt gerade eben seine Kapitalkosten.
Fundamentalanalyse-Kriterien
Bestanden (20)
- EPS shows upward trend
- EPS CAGR 8.37%
- Price CAGR 9.23%
- ROIC 11.6%
- P/FCF 19.13
- Debt/Equity ratio
- Operating Margin 7.5%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 18.8%
- Analyst Consensus 61% Buy
- Earnings Surprise avg 7.4%
- Earnings Quality (OCF/NI) 2.37
- Share Dilution -4.8%
- Net Margin Trend 5.3% vs 4.6%
- Piotroski F-Score 6/9
Nicht bestanden (6)
- P/B Ratio 5.75
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 4.5%
- PEG Ratio 6.20
Nicht verfügbar (2)
- Gross Margin NaN%
- Dividend Payout NaN%
Piotroski F-Score
Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. John N. Roberts III | Executive Chairman | 61 |
| Ms. Shelley Simpson | President, CEO & Director | 53 |
| Mr. A. Brad Delco | EVP of Finance & Chief Financial Officer | 41 |
| Mr. Nicholas Hobbs | COO, President of Highway & Final Mile Services and Executive VP | 62 |
| Mr. John Kuhlow CPA | Senior VP of Finance & Chief Accounting Officer | 54 |
| Mr. Darren P. Field | Executive VP & President of Intermodal | 54 |
| Mr. Stuart L. Scott Jr. | Executive VP & Chief Information Officer | 58 |
| Ms. Jennifer R. Boattini | Senior VP of Legal & Litigation, General Counsel and Corporate Secretary | 52 |
| Mr. Spencer Frazier | Executive Vice President of Sales & Marketing | 54 |
| Mr. David Keefauver | Executive Vice President of People | 52 |
Prüfungsrisiko
10
Vorstandsrisiko
9
Vergütungsrisiko
3
Aktionärsrechterisiko
4
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-02-24
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-07-24
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-07-15
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
Latest News
Recent headlines for JBHT, sourced from Markets Gazette.
- 7/15/2026POSITIVEThe trucking market is tighter than it’s been in years — but investors are upbeat on J.B. Hunt
J.B. Hunt Transport Services Inc. shares surged 8% in after-hours trading following the release of strong quarterly results. The company's performance was bolstered by favorable fuel charges and robust demand within its railroad-connection business segment. This positive momentum suggests that the trucking market, despite its current tightness, is providing a fertile ground for efficient operators like J.B. Hunt to translate operational strengths into significant financial gains. Investors are likely encouraged by the company's ability to navigate market conditions and deliver shareholder value.
- 4/16/2026POSITIVEWhy J B Hunt Transport Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
J B Hunt Transport Services Inc. (JBHT) shares experienced a pre-market surge following the company's announcement of exceeding earnings expectations. This positive financial performance suggests robust operational efficiency and strong market positioning. Investors are likely reacting to the favorable earnings report, which may indicate potential for future growth and profitability. The news positions JBHT as a notable performer in the current market, potentially attracting further investor interest and contributing to a positive outlook for the company's stock.
via Markets Gazette