Q2 25 EPS
$1.31
MISS 0.86%
Est. $1.32
Q2 25 Revenue
$2.93B
BEAT +0.09%
Est. $2.93B
vs S&P Since Q2 25
+54.8%
BEATING MARKET
JBHT +70.3% vs S&P +15.4%
Market Reaction
Did JBHT Beat Earnings? Q2 2025 Results
J.B. Hunt Transport Services delivered a mixed second quarter, with earnings falling just short of expectations while revenue came in essentially on target amid a challenging freight environment. Diluted EPS of $1.31 missed the $1.32 consensus by 0.8… Read more J.B. Hunt Transport Services delivered a mixed second quarter, with earnings falling just short of expectations while revenue came in essentially on target amid a challenging freight environment. Diluted EPS of $1.31 missed the $1.32 consensus by 0.86%, and total operating revenue of $2.93 billion was flat year-over-year, matching the prior-year period almost exactly despite a 0.09% revenue beat versus estimates. The primary culprit behind the earnings shortfall was a surge in operating costs, particularly casualty and group medical claims, professional driver wages, and equipment-related expenses, which collectively weighed on margins across segments. A 6% load increase in the Intermodal business, fueled by a 15% jump in eastern network volumes, offered a meaningful bright spot, though revenue per load slipped 3% on mix shifts and fuel surcharge dynamics. The company also moved aggressively on buybacks, repurchasing roughly 2.4 million shares for $319 million during the quarter. As the quarter unfolded, management flagged ongoing trade-policy uncertainty as a key variable, implementing peak surcharges earlier than usual to guard against unexpected demand swings heading into the back half of 2025.
Key Takeaways
- • 6% increase in Intermodal loads, with 15% growth in eastern network volumes
- • 13% increase in Truckload loads
- • 3% increase in DCS productivity (revenue per truck per week)
- • 6% increase in ICS revenue per load
- • ICS gross profit margin improved to 15.5% from 14.8%
- • ICS operating loss narrowed to $3.6M from $13.3M year-over-year
- • 17% improvement in JBT trailer turns due to better network balance
JBHT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
JBHT Revenue by Segment
With YoY comparisons, source: SEC Filings
JBHT Earnings Trends
JBHT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
JBHT EPS Trend
Earnings per share: estimate vs actual
JBHT Revenue Trend
Quarterly revenue: estimate vs actual
JBHT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.49 | — | $3.06B | +3.49% |
| Q4 25 BEAT FY | $1.81 | $1.90 | +4.78% | $3.10B | -0.70% |
| FY Full Year | $6.04 | $6.12 | +1.33% | $12.00B | -0.18% |
| Q3 25 BEAT | $1.46 | $1.76 | +20.55% | $3.05B | +0.99% |
| Q2 25 MISS | $1.32 | $1.31 | -0.86% | $2.93B | +0.09% |
| Q1 25 BEAT | $1.15 | $1.17 | +2.18% | $2.92B | +0.66% |