NASDAQ · JBHT

J.B. Hunt Transport Services, Inc.

Industrials · Integrated Freight & Logistics

$267.83▲ 0.01% ($0.03)at close

As of 4:00 PM ET

52-week

$130.12$299.76

Market cap

$25.15B

What the market price implies · Reverse DCF

To support a price of $267.83, this model requires revenue to grow by 33.03%/yr over the next 10 years, compounded annually.

Historical revenue grew by -0.35%/yr over the past 4 years. The required annual growth rate is 33.38 percentage points higher.

Selected forecast · Base scenario

2.82%/yr · actual 10-year annualized revenue growth

Year 1 growth: 4.41%

Market-implied · Base operating assumptions + edited margins

33.03%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$267.83

Estimated value / share

$30.13

Base scenario

This estimate is 88.75% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 4.41% · Ending margin 6% · Discount rate 11.66%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:25 AM UTC · cache

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 95.58%Revenue (TTM): 5.28%FCF (TTM): 83.16%P/FCF: 9th pct

What changed

The stock rose 95.58% over the last year. Revenue grew 5.28% over the trailing twelve months. Operating margin moved from 6.69% to 7.52%. Free cash flow grew 83.16% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 9th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 7.52%. Revenue grew 5.28% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Operating across North America, J.B.

CEOShelley Simpson

SectorIndustrials

IndustryIntegrated Freight & Logistics

Employees31,750

IPO dateNov 22, 1983

https://www.jbhunt.com

Market multiples

Forward P/E—

EV/EBITDA13.20

Enterprise value$20.86B

Stock splits

May 24, 2005↑ Forward

Every 1 shares became 2

+100%

Sep 2, 2003↑ Forward

Every 1 shares became 2

+100%

Mar 16, 1992↑ Forward

Every 2 shares became 3

+50%

Jul 8, 1986↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth19.37%

Gross margin16.26%▼3.8ppvs FY2024

Operating margin7.52%▲0.3ppvs FY2024

ROE18.45%▲2.7ppvs FY2025

Analyst consensus

RatingBuy

Target price$298.33▲11.39%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 21, 2026

Q4 FY26 · EPS est $2.12 · Revenue est $3.54B

View

Dividends

$1.79/shareQuarterlyDividend Aristocrat · 29yrSafe

JBHT pays a dividend with a 0.67% dividend yield, 29 consecutive years of growth, growing at 9.25% annually, covered 5.5× by free cash flow.

Dividend Yield

0.67%

Annual Div / Share

$1.79

5yr CAGR

+9.25%

Doubles every ~7.8yr

Payout Ratio

25.12%

Safe

Dividend Growth Rate

3yr CAGR

+2.55%

5yr CAGR

+9.25%

10yr CAGR

+7.48%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.79+2.3%

2025$1.75+2.3%

2024$1.71+3.0%

2023$1.66+10.7%

2022$1.50+30.4%

2021$1.15+7.5%

2020$1.07+4.9%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$7/yr

$1/mo

In 5 yrs

$10/yr+56%

$1/mo

In 10 yrs

$16/yr+142%

$1/mo

Today	In 5 yrs	In 10 yrs
$7/yr $1/mo	$10/yr+56% $1/mo	$16/yr+142% $1/mo

Yield-on-cost grows from 0.67% → 1.62% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

JBHT has raised its dividend for 29 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 5.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 9.25% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NASDAQ · JBHT

J.B. Hunt Transport Services, Inc.

Industrials · Integrated Freight & Logistics

$267.83▲ 0.01% ($0.03)at close

As of 4:00 PM ET

52-week

$130.12$299.76

Market cap

$25.15B

What the market price implies · Reverse DCF

To support a price of $267.83, this model requires revenue to grow by 33.03%/yr over the next 10 years, compounded annually.

Historical revenue grew by -0.35%/yr over the past 4 years. The required annual growth rate is 33.38 percentage points higher.

Selected forecast · Base scenario

2.82%/yr · actual 10-year annualized revenue growth

Year 1 growth: 4.41%

Market-implied · Base operating assumptions + edited margins

33.03%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$267.83

Estimated value / share

$30.13

Base scenario

This estimate is 88.75% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 4.41% · Ending margin 6% · Discount rate 11.66%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:25 AM UTC · cache

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 95.58%Revenue (TTM): 5.28%FCF (TTM): 83.16%P/FCF: 9th pct

What changed

The stock rose 95.58% over the last year. Revenue grew 5.28% over the trailing twelve months. Operating margin moved from 6.69% to 7.52%. Free cash flow grew 83.16% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 9th percentile of their historical P/FCF range.

What would invalidate this read

Performance

Return analysis

Company profile

Operating across North America, J.B.

CEOShelley Simpson

SectorIndustrials

IndustryIntegrated Freight & Logistics

Employees31,750

IPO dateNov 22, 1983

https://www.jbhunt.com

Market multiples

Forward P/E—

EV/EBITDA13.20

Enterprise value$20.86B

Stock splits

May 24, 2005↑ Forward

Every 1 shares became 2

+100%

Sep 2, 2003↑ Forward

Every 1 shares became 2

+100%

Mar 16, 1992↑ Forward

Every 2 shares became 3

+50%

Jul 8, 1986↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth19.37%

Gross margin16.26%▼3.8ppvs FY2024

Operating margin7.52%▲0.3ppvs FY2024

ROE18.45%▲2.7ppvs FY2025

Analyst consensus

RatingBuy

Target price$298.33▲11.39%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 21, 2026

Q4 FY26 · EPS est $2.12 · Revenue est $3.54B

View

Dividends

$1.79/shareQuarterlyDividend Aristocrat · 29yrSafe

JBHT pays a dividend with a 0.67% dividend yield, 29 consecutive years of growth, growing at 9.25% annually, covered 5.5× by free cash flow.

Dividend Yield

0.67%

Annual Div / Share

$1.79

5yr CAGR

+9.25%

Doubles every ~7.8yr

Payout Ratio

25.12%

Safe

Dividend Growth Rate

3yr CAGR

+2.55%

5yr CAGR

+9.25%

10yr CAGR

+7.48%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.79+2.3%

2025$1.75+2.3%

2024$1.71+3.0%

2023$1.66+10.7%

2022$1.50+30.4%

2021$1.15+7.5%

2020$1.07+4.9%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$7/yr

$1/mo

In 5 yrs

$10/yr+56%

$1/mo

In 10 yrs

$16/yr+142%

$1/mo

Today	In 5 yrs	In 10 yrs
$7/yr $1/mo	$10/yr+56% $1/mo	$16/yr+142% $1/mo

Yield-on-cost grows from 0.67% → 1.62% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

JBHT has raised its dividend for 29 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 5.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 9.25% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.