AI Takeaway
JBHT delivered solid FY2025 earnings growth with net income up 4.8% to $598.3M and EPS up 10.0% to $6.16, supported by strong operating cash flow of $1.68B, though the balance sheet shows tightening liquidity with a current ratio below 1.0 and a sharp decline in cash.
EPS (Basic)
$6.16
++10.00% YoY
Operating Income
$865.07M
++4.07% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
Net income rose 4.8% YoY to $598.3M and operating income grew 4.1% to $865.1M, suggesting JBHT improved profitability despite a challenging freight environment. EPS growth of 10.0% (basic) outpaced net income growth, reflecting the impact of share buybacks reducing the share count.
Source: Source: 10-K Income Statement
Operating cash flow surged 13.2% YoY to $1.68B, significantly exceeding net income of $598.3M, with D&A of $714.8M as a major non-cash add-back. This robust cash generation underpinned the company's ability to fund capital returns and debt reduction.
Source: Source: 10-K Cash Flow Statement
JBHT returned approximately $1.09B to shareholders in FY2025 through $923.3M in share buybacks (up 79.7% YoY) and $171.0M in dividends. This aggressive buyback program is the primary driver of EPS growth outpacing net income growth and also contributed to the decline in stockholders' equity.
Source: Source: 10-K Cash Flow Statement
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Upgrade to unlockJBHT's current ratio stands at 0.83, meaning current liabilities of $1.94B exceed current assets of $1.60B. With cash at only $17.3M, the company has very limited liquid buffer, and any unexpected operational disruption or credit market tightening could pressure short-term financial flexibility.
Source: Source: 10-K Balance Sheet
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Upgrade to unlockReported EPS of $1.90 versus the $1.85 analyst consensus — a +2.7% beat for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Income | $865.07M | $831.23M | +4.07% |
Net Income | $598.28M | $570.89M | +4.80% |
EPS (Basic) | $6.16 | $5.60 | +10.00% |
EPS (Diluted) | $6.12 | $5.56 | +10.07% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $7.93B | $8.31B | -4.63% |
Current Assets | $1.6B | $1.77B | -9.42% |
Total Liabilities | $4.36B | $4.3B | +1.50% |
Current Liabilities | $1.94B | $1.68B | +15.33% |
Stockholders' Equity | $3.57B | $4.01B | -11.19% |
Cash & Equivalents | $17.28M | $46.98M | -63.21% |
Long-Term Debt | $766.94M | $977.7M | -21.56% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $1.68B | $1.48B | +13.16% |
Investing Cash Flow | $-574.77M | $-663.69M | +13.40% |
Financing Cash Flow | $-1.13B | $-825.83M | -37.22% |
Dividends Paid | $171.05M | $175.54M | -2.56% |
Share Buybacks | $923.29M | $513.92M | +79.66% |
D&A | $714.78M | $761.14M | -6.09% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
ROE | 16.8% | — | — |
ROA | 7.5% | — | — |
Current Ratio | $0.829 | — | — |
Debt to Equity | $1.224 | — | — |
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JBHT delivered solid FY2025 results with net income up 4.8% to $598.3M and operating income up 4.1% to $865.1M. Basic EPS grew 10.0% to $6.16, boosted by aggressive share buybacks that reduced the share count significantly.
The key takeaways are strong cash generation (operating cash flow of $1.68B, up 13.2%), aggressive capital returns ($923M in buybacks and $171M in dividends), and meaningful debt reduction (long-term debt down 21.6% to $767M). However, liquidity tightened with cash falling to just $17.3M and the current ratio dropping below 1.0 to 0.83.
Yes — JBHT dramatically increased share buybacks by 79.7% YoY to $923.3M in FY2025, while dividends paid were $171.0M, slightly down 2.6% from the prior year. Combined, the company returned over $1.09B to shareholders in FY2025.
Based on the financial data, key risks include a sub-1.0 current ratio of 0.83 indicating tight liquidity, elevated financial leverage with a debt-to-equity ratio of 1.22, and exposure to freight market cyclicality. The sharp decline in cash to just $17.3M (down 63.2%) also represents a near-term liquidity concern.
JBHT's profitability and cash generation are strong, with ROE of 16.8%, ROA of 7.5%, and operating cash flow of $1.68B. However, the balance sheet shows some strain — the current ratio is 0.83 (below 1.0), cash is very low at $17.3M, and stockholders' equity declined 11.2% to $3.57B due to heavy buybacks, so investors should monitor liquidity closely.