Recent News
On October 22, 2025 the board declared a quarterly dividend of $0.44 per share and authorized a new $1.0 billion share‑repurchase program. On October 28, 2025 J.B. Hunt announced the acquisition of Mass Movement Inc., adding capacity in final‑mile bulky delivery operations. The company closed a Home Depot distribution facility in Lithonia, GA, with a reported shutdown date of October 27, 2025 following a WARN notice. A civil lawsuit docket opened in late October 2025 in the Eastern District of New York. Insider filings show an executive sale of 6,500 shares reported October 30, 2025.
Technical Analysis
ADX reads 40.08, indicating a very strong trend; that strength raises the probability of a meaningful directional move but also signals the trend may be extended relative to shorter-term patterns, which stresses valuation vulnerability.
DI+ sits at 35.08 with a peak‑and‑reversal reading, a bearish directional cue that signals bullish directional strength has peaked; DI‑ at 10.59 decreasing provides a countervailing bullish sign but does not negate the DI+ peak signal for near‑term momentum.
MACD equals 7.10 with a peak‑and‑reversal profile while the MACD signal line equals 5.69; the current MACD position above its signal line gives a bullish cross signal, yet the peak‑and‑reverse characteristic points to waning momentum that may limit upside continuation.
MRO registers 37.35, a positive value that indicates price lies above the model target and therefore contains measurable downside potential relative to WMDST’s valuation target.
RSI at 56.1 and rising reflects moderate bullish momentum without overbought extremes, which allows room for short‑term mean reversion if momentum deteriorates against the over‑valued fundamental backdrop.
Price closed at $166.64, trading above the 12‑day EMA ($162.66, rising), 20‑day average ($161.10), 50‑day average ($145.40) and 200‑day average ($147.50), showing short‑term strength against longer‑term support; the SuperTrend lower support sits near $156.87 and the 1x upper Bollinger band at $174.75 provides nearby resistance.
Ichimoku levels (Tenkan $154.50, Kijun $151.31) lie below price, reinforcing the technically constructive posture while lower-than‑average volume versus the 10‑day average suggests recently weaker participation behind the move—this diminishes conviction for sustained upside against an over‑valued fundamental profile.
Fundamental Analysis
Revenue totaled $2,928,181,000 with revenue growth of 0.232% and a reported year‑over‑year revenue growth figure of -144.615%; quarterly revenue growth shows a QoQ change of -103.245%. These growth metrics present conflicting short‑term dynamics, while EPS outperformed expectations: actual EPS $1.76 versus estimate $1.46, an EPS surprise of 20.55%.
Operating income (EBIT) equals $197,274,000 producing an EBIT margin of 6.737%, up 10.154% QoQ but down 4.086% YoY; the company’s EBIT margin sits below the industry peer mean (23.165%) and industry peer median (35.181%) while remaining above the industry peer low.
Profitability metrics show return on equity at 3.519% and return on assets at 1.559%; return on equity improved 5.567 percentage points YoY while return on assets declined 3.348 percentage points YoY. Gross margin sits at 17.541% with a modest QoQ increase of 4.791%.
Balance‑sheet and cash metrics: total debt $1,719,360,000 with debt‑to‑assets 20.863% (an increase QoQ of 9.048 percentage points); interest coverage stands at 9.27x. Free cash flow $185,574,000 yields 1.325% free cash flow yield and improved materially on a YoY basis (free cash flow yield YoY change +126.496%). Capital expenditures totaled -$216,479,000, representing capex to revenue of -7.393%.
Market‑based valuation shows a trailing P/E of 110.86 and forward P/E of 79.54; the trailing P/E sits well above the industry peer mean (33.17) and industry peer median (9.19) and approaches the industry peer high. Price‑to‑book equals 3.83, below the industry peer mean (5.29) and median (6.32). Enterprise multiple equals 41.89 while enterprise value measures $15,676,710,806; WMDST classifies the current valuation as over‑valued.
In sum, operational improvements and a meaningful dividend plus a $1.0 billion buyback commitment increase cash‑return visibility, while elevated valuation multiples, modest free‑cash yield and mixed growth metrics justify the over‑valued assessment.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-10-15 |
| NEXT REPORT DATE: | 2026-01-14 |
| CASH FLOW | Begin Period Cash Flow | $ 43.4 M |
| Operating Cash Flow | $ 402.1 M | |
| Capital Expenditures | $ -216.48 M | |
| Change In Working Capital | $ 44.2 M | |
| Dividends Paid | $ -42.63 M | |
| Cash Flow Delta | $ 7.5 M | |
| End Period Cash Flow | $ 50.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.9 B | |
| Forward Revenue | $ 988.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.4 B | |
| Depreciation | $ 177.0 M | |
| Depreciation and Amortization | $ 177.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 513.6 M | |
| EBITDA | $ 374.3 M | |
| EBIT | $ 197.3 M | |
| Operating Income | $ 197.3 M | |
| Interest Income | — | |
| Interest Expense | $ 21.3 M | |
| Net Interest Income | $ -21.29 M | |
| Income Before Tax | $ 176.0 M | |
| Tax Provision | $ 47.4 M | |
| Tax Rate | 26.9 % | |
| Net Income | $ 128.6 M | |
| Net Income From Continuing Operations | $ 128.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.46 | |
| EPS Actual | $ 1.76 | |
| EPS Difference | $ 0.30 | |
| EPS Surprise | 20.548 % | |
| Forward EPS | $ 1.79 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.2 B | |
| Intangible Assets | $ 220.7 M | |
| Net Tangible Assets | $ 3.4 B | |
| Total Current Assets | $ 1.7 B | |
| Cash and Short-Term Investments | $ 50.9 M | |
| Cash | $ 50.9 M | |
| Net Receivables | $ 1.2 B | |
| Inventory | — | |
| Long-Term Investments | $ 583.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 655.2 M | |
| Short-Term Debt | $ 699.4 M | |
| Total Current Liabilities | $ 1.9 B | |
| Net Debt | $ 1.7 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 4.6 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 7.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.76 | |
| Shares Outstanding | 96.799 M | |
| Revenue Per-Share | $ 30.25 | |
| VALUATION | Market Capitalization | $ 14.0 B |
| Enterprise Value | $ 15.7 B | |
| Enterprise Multiple | 41.888 | |
| Enterprise Multiple QoQ | -11.454 % | |
| Enterprise Multiple YoY | -2.672 % | |
| Enterprise Multiple IPRWA | high: 117.168 JBHT: 41.888 mean: 37.188 median: 35.56 low: -30.584 |
|
| EV/R | 5.354 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.255 | |
| Asset To Liability | 1.797 | |
| Debt To Capital | 0.32 | |
| Debt To Assets | 0.209 | |
| Debt To Assets QoQ | 9.048 % | |
| Debt To Assets YoY | 2265.42 % | |
| Debt To Assets IPRWA | high: 0.783 JBHT: 0.209 mean: 0.174 low: 0.001 median: 0.001 |
|
| Debt To Equity | 0.47 | |
| Debt To Equity QoQ | 15.151 % | |
| Debt To Equity YoY | 2483.031 % | |
| Debt To Equity IPRWA | high: 2.837 mean: 0.66 JBHT: 0.47 low: 0.001 median: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.832 | |
| Price To Book QoQ | -3.822 % | |
| Price To Book YoY | -6.91 % | |
| Price To Book IPRWA | high: 8.353 median: 6.315 mean: 5.295 JBHT: 3.832 low: 0.126 |
|
| Price To Earnings (P/E) | 110.859 | |
| Price To Earnings QoQ | -16.492 % | |
| Price To Earnings YoY | -11.06 % | |
| Price To Earnings IPRWA | high: 119.028 JBHT: 110.859 mean: 33.172 median: 9.189 low: -53.415 |
|
| PE/G Ratio | 9.264 | |
| Price To Sales (P/S) | 4.784 | |
| Price To Sales QoQ | -9.289 % | |
| Price To Sales YoY | -16.503 % | |
| Price To Sales IPRWA | high: 7.153 JBHT: 4.784 median: 3.686 mean: 3.409 low: 0.371 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 79.539 | |
| Forward PE/G | 6.647 | |
| Forward P/S | 14.165 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 44.78 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.355 | |
| Asset Turnover Ratio QoQ | 0.664 % | |
| Asset Turnover Ratio YoY | 2.085 % | |
| Asset Turnover Ratio IPRWA | high: 0.784 JBHT: 0.355 mean: 0.195 median: 0.076 low: 0.02 |
|
| Receivables Turnover | 2.455 | |
| Receivables Turnover Ratio QoQ | 1.997 % | |
| Receivables Turnover Ratio YoY | 5.8 % | |
| Receivables Turnover Ratio IPRWA | high: 2.919 JBHT: 2.455 median: 2.058 mean: 1.938 low: 0.633 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 37.162 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -11.885 | |
| CapEx To Revenue | -0.074 | |
| CapEx To Depreciation | -1.223 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.7 B | |
| Net Invested Capital | $ 5.4 B | |
| Invested Capital | $ 5.4 B | |
| Net Tangible Assets | $ 3.4 B | |
| Net Working Capital | $ -246.37 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.026 | |
| Current Ratio | 0.873 | |
| Current Ratio QoQ | -2.098 % | |
| Current Ratio YoY | -27.893 % | |
| Current Ratio IPRWA | high: 2.152 median: 1.313 mean: 1.273 JBHT: 0.873 low: 0.018 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.594 | |
| Cost Of Debt | 0.943 % | |
| Interest Coverage Ratio | 9.268 | |
| Interest Coverage Ratio QoQ | -3.536 % | |
| Interest Coverage Ratio YoY | -8.998 % | |
| Interest Coverage Ratio IPRWA | high: 44.954 mean: 13.603 JBHT: 9.268 median: 7.983 low: -0.25 |
|
| Operating Cash Flow Ratio | 0.176 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 24.309 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.017 | |
| Dividend Payout Ratio | 0.331 | |
| Dividend Rate | $ 0.44 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.176 % | |
| Revenue Growth | 0.232 % | |
| Revenue Growth QoQ | -103.245 % | |
| Revenue Growth YoY | -144.615 % | |
| Revenue Growth IPRWA | high: 19.971 % median: 19.971 % mean: 11.194 % JBHT: 0.232 % low: -1.508 % |
|
| Earnings Growth | 11.966 % | |
| Earnings Growth QoQ | -150.856 % | |
| Earnings Growth YoY | 45.98 % | |
| Earnings Growth IPRWA | high: 119.608 % JBHT: 11.966 % mean: 6.269 % median: -3.788 % low: -21.429 % |
|
| MARGINS | ||
| Gross Margin | 17.541 % | |
| Gross Margin QoQ | 4.791 % | |
| Gross Margin YoY | 2.196 % | |
| Gross Margin IPRWA | high: 24.885 % mean: 18.165 % median: 17.813 % JBHT: 17.541 % low: 0.618 % |
|
| EBIT Margin | 6.737 % | |
| EBIT Margin QoQ | 10.154 % | |
| EBIT Margin YoY | -4.086 % | |
| EBIT Margin IPRWA | high: 35.181 % median: 35.181 % mean: 23.165 % JBHT: 6.737 % low: -0.141 % |
|
| Return On Sales (ROS) | 6.737 % | |
| Return On Sales QoQ | 10.154 % | |
| Return On Sales YoY | -4.086 % | |
| Return On Sales IPRWA | high: 20.411 % mean: 9.204 % median: 8.586 % JBHT: 6.737 % low: 0.629 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 185.6 M | |
| Free Cash Flow Yield | 1.325 % | |
| Free Cash Flow Yield QoQ | 28.891 % | |
| Free Cash Flow Yield YoY | 126.496 % | |
| Free Cash Flow Yield IPRWA | high: 4.61 % JBHT: 1.325 % median: 0.343 % mean: -0.06 % low: -8.76 % |
|
| Free Cash Growth | 17.17 % | |
| Free Cash Growth QoQ | -75.355 % | |
| Free Cash Growth YoY | -127.403 % | |
| Free Cash Growth IPRWA | high: 128.824 % JBHT: 17.17 % mean: -83.559 % median: -138.253 % low: -294.67 % |
|
| Free Cash To Net Income | 1.443 | |
| Cash Flow Margin | 11.637 % | |
| Cash Flow To Earnings | 2.649 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.559 % | |
| Return On Assets QoQ | 9.711 % | |
| Return On Assets YoY | -3.348 % | |
| Return On Assets IPRWA | high: 4.26 % median: 2.928 % mean: 2.462 % JBHT: 1.559 % low: -0.899 % |
|
| Return On Capital Employed (ROCE) | 3.127 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | 15.567 % | |
| Return On Equity YoY | 5.581 % | |
| Return On Equity IPRWA | high: 0.085 mean: 0.047 JBHT: 0.035 median: 0.032 low: -0.088 |
|
| DuPont ROE | 3.42 % | |
| Return On Invested Capital (ROIC) | 2.683 % | |
| Return On Invested Capital QoQ | 11.282 % | |
| Return On Invested Capital YoY | -99.631 % | |
| Return On Invested Capital IPRWA | high: 8.045 % mean: 3.056 % JBHT: 2.683 % median: 2.562 % low: -0.61 % |
|