J.B. Hunt Transport Services(US:JBHT)2026-01-15 21:26Revenue Performance - Fourth Quarter 2025 revenue was $3.10 billion, a decrease of 2% compared to $3.15 billion in Q4 2024[2] - Full Year 2025 revenue totaled $12.00 billion, down 1% from the previous year[6] - Intermodal (JBI) segment revenue decreased 3% year-over-year, driven by a 2% decline in load volume[7] - Dedicated Contract Services (DCS) revenue increased 1% in Q4 2025, with customer retention rates at approximately 94%[9] - Integrated Capacity Solutions (ICS) segment revenue was $305 million, down 1%, with an operating loss of $3.3 million compared to a loss of $21.8 million in Q4 2024[11] - Truckload (JBT) revenue increased 10% to $200 million, primarily due to a 15% increase in load volume[18] - Intermodal revenue for 2025 was $5,975,358, accounting for 50% of total revenue, slightly up from $5,956,092 in 2024[32] - Marketplace revenue for J.B. Hunt 360 was $349.1 million in 2025, a decline from $395.8 million in 2024[36] Profitability - Operating income for Q4 2025 increased 19% to $246.5 million from $207.0 million in Q4 2024[4] - Operating income for 2025 was $865,069, representing an increase of 4.1% compared to $831,225 in 2024[32] - Diluted earnings per share for Q4 2025 were $1.90, up 24% from $1.53 in Q4 2024[2] - Net earnings for 2025 were $979,688, representing a 5.0% increase from $931,886 in 2024[31] Expenses and Liabilities - Total operating expenses for 2025 were $11,134,027, a decrease of 1.08% from $11,255,979 in 2024[30] - Total current liabilities increased by $257,303,000, reflecting a significant rise in financial obligations[38] - Current liabilities rose from $1,678,040,000 in 2024 to $1,935,343,000 in 2025, an increase of about 15.4%[38] - Long-term debt decreased from $977,702,000 in 2024 to $766,938,000 in 2025, a decline of approximately 21.5%[38] Cash Flow and Assets - Cash and cash equivalents at December 31, 2025, were $17 million, with total debt outstanding of $1.47 billion[20] - Net cash provided by operating activities increased from $1,483,156,000 in 2024 to $1,678,272,000 in 2025, representing a growth of about 13.2%[40] - Total current assets decreased from $1,770,983,000 in 2024 to $1,604,190,000 in 2025, a decline of approximately 9.4%[38] - Net property and equipment slightly decreased from $5,729,799,000 in 2024 to $5,538,101,000 in 2025, a decrease of about 3.3%[38] Shareholder Information - The company repurchased approximately 6.3 million shares for approximately $923 million in 2025, with $968 million remaining under share repurchase authorization[21] - Actual shares outstanding at the end of the period decreased from 100,555,000 in 2024 to 94,595,000 in 2025, a reduction of approximately 5.9%[40] - Book value per actual share outstanding decreased from $39.92 in 2024 to $37.69 in 2025, a reduction of approximately 5.6%[40] - Stockholders' equity decreased from $4,014,505,000 in 2024 to $3,565,085,000 in 2025, a decline of approximately 11.2%[38] Operational Metrics - The average number of third-party carriers increased to approximately 126,400 in 2025 from 110,000 in 2024[36] - The number of loads in the Dedicated segment decreased to 3,885,463 in 2025 from 3,985,221 in 2024[36] - Average revenue per load in the Intermodal segment decreased to $2,795 in 2025 from $2,849 in 2024[36] - The gross profit margin for Integrated Capacity Solutions was 14.5% in 2025, down from 16.1% in 2024[36] - Net capital expenditures decreased from $674,406,000 in 2024 to $574,774,000 in 2025, a decline of about 14.7%[40]