J.B. Hunt Transport Services, Inc. (JBHT) Balance Sheet
JBHT balance sheet, 2025
December 31, 2025 · U.S. dollars$8.14B assets = $4.58B liabilities + $3.57B equity
Both columns are drawn to the same scale: what JBHT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
JBHT financial health
Descriptive bands, not a rating. Fiscal 2025.
JBHT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.83B2016 | $8.14B2025 | +8.7%/yr | |
| Total liabilities | $2.41B2016 | $4.58B2025 | +7.4%/yr | |
| Shareholders’ equity | $1.41B2016 | $3.57B2025 | +10.8%/yr | |
| Cash & short-term investments | $6.4M2016 | $17.3M2025 | +11.7%/yr | |
| Total debt | $986.3M2016 | $1.89B2025 | +7.5%/yr | |
| Net cash (debt) | −$979.9M2016 | −$1.87B2025 | −$891.4M | |
| Working capital | $372.5M2016 | −$331.2M2025 | −$703.7M | |
| Book value per share | $12.472016 | $36.492025 | +12.7%/yr | |
| Current ratio | 1.652016 | 0.832025 | −0.82 | |
| Debt / equity | 0.702016 | 0.532025 | −0.17 | |
| Shares outstanding | 113.4M2016 | 97.7M2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JBHT assets
JBHT liabilities and equity
JBHT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
JBHT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $17.3M | $47.0M | $53.3M | $51.9M | $355.5M | $313.3M | $35.0M | $7.6M | $14.6M | $6.4M |
| Cash & equivalents | $17.3M | $47.0M | $53.3M | $51.9M | $355.5M | $313.3M | $35.0M | $7.6M | $14.6M | $6.4M |
| Short-term investments | — | — | — | — | $6.3M | — | — | — | $0 | $0 |
| Receivables | $1.36B | $1.48B | $1.57B | $1.53B | $1.72B | $1.12B | $1.01B | $1.33B | $920.8M | $797.5M |
| Inventory | $42.2M | $41.7M | $42.2M | $40.6M | $25.0M | $23.8M | $21.1M | $22.0M | $20.7M | $18.6M |
| Other current assets | $184.6M | $200.4M | $299.5M | $546.9M | $200.0M | $399.5M | $413.4M | $147.2M | $265.4M | $123.3M |
| Total current assets | $1.60B | $1.77B | $1.96B | $2.17B | $2.30B | $1.86B | $1.48B | $1.50B | $1.22B | $945.7M |
| Property, plant & equipment (net) | $5.79B | $6.04B | $6.12B | $4.98B | $4.25B | $3.69B | $3.62B | $3.45B | $2.98B | $2.82B |
| Goodwill & intangible assets | $210.4M | $231.1M | $268.0M | $236.3M | $191.1M | $212.2M | $202.8M | $105.2M | $113.5M | $2.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $25.2M | $15.7M | $16.4M | $2.9M |
| Other non-current assets | $539.4M | $487.0M | $452.0M | $358.6M | $207.7M | $185.2M | $140.7M | $22.7M | $13.4M | $59.3M |
| Total assets | $8.14B | $8.53B | $8.81B | $7.74B | $6.95B | $5.95B | $5.47B | $5.09B | $4.35B | $3.83B |
| Liabilities | ||||||||||
| Accounts payable | $655.6M | $645.9M | $737.4M | $798.8M | $772.7M | $587.5M | $602.6M | $709.7M | $598.6M | $384.3M |
| Short-term debt | $785.5M | $598.1M | $349.9M | $86.0M | $414.2M | $48.3M | $44.4M | $250.7M | $1.09B | $986.3M |
| Deferred revenue | — | — | — | −$86.0M | — | −$48.3M | −$44.4M | — | — | — |
| Total current liabilities | $1.94B | $1.68B | $1.45B | $1.57B | $1.73B | $1.13B | $1.04B | $1.35B | $804.6M | $573.1M |
| Long-term debt | $766.9M | $977.7M | $1.33B | $1.26B | $945.3M | $1.31B | $1.30B | $898.4M | $1.09B | $986.3M |
| Other long-term liabilities | $1.87B | $1.86B | $1.92B | $1.25B | $1.16B | $915.5M | $872.3M | $827.9M | $618.5M | $855.5M |
| Total liabilities | $4.58B | $4.51B | $4.70B | $4.08B | $3.84B | $3.35B | $3.20B | $2.99B | $2.51B | $2.41B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M |
| Retained earnings (deficit) | $7.80B | $7.37B | $6.98B | $6.42B | $5.62B | $4.98B | $4.59B | $4.19B | $3.80B | $3.22B |
| Treasury stock | — | — | — | −$3.26B | −$2.95B | −$2.79B | −$2.70B | −$2.43B | −$2.28B | −$2.10B |
| Accumulated other comprehensive income | — | — | — | $0 | — | $0 | −$2.02B | −$1.88B | −$1.69B | −$1.44B |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.57B | $4.01B | $4.10B | $3.67B | $3.12B | $2.60B | $2.27B | $2.10B | $1.84B | $1.41B |
| Key figures | ||||||||||
| Total debt | $1.89B | $1.79B | $1.93B | $1.35B | $1.48B | $1.35B | $1.34B | $1.15B | $2.17B | $986.3M |
| Net cash (debt) | −$1.87B | −$1.74B | −$1.88B | −$1.30B | −$1.13B | −$1.04B | −$1.31B | −$1.14B | −$2.16B | −$979.9M |
| Working capital | −$331.2M | $92.9M | $508.7M | $599.3M | $574.2M | $734.8M | $445.5M | $150.6M | $416.9M | $372.5M |
| Tangible book value | $3.35B | $3.78B | $3.84B | $3.43B | $2.93B | $2.39B | $2.06B | $2.00B | $1.73B | $1.41B |
| Book value per share | $36.49 | $39.07 | $39.29 | $34.83 | $29.25 | $24.35 | $20.93 | $19.03 | $16.56 | $12.47 |
| Shares outstanding | 97.7M | 102.8M | 104.5M | 105.3M | 106.6M | 106.8M | 108.3M | 110.4M | 111.0M | 113.4M |
| Current ratio | 0.83 | 1.06 | 1.35 | 1.38 | 1.33 | 1.65 | 1.43 | 1.11 | 1.52 | 1.65 |
| Quick ratio | 0.71 | 0.91 | 1.11 | 1.01 | 1.20 | 1.28 | 1.01 | 0.99 | 1.16 | 1.40 |
| Debt / equity | 0.53 | 0.45 | 0.47 | 0.37 | 0.48 | 0.52 | 0.59 | 0.55 | 1.18 | 0.70 |
| Equity / assets | 43.8% | 47.1% | 46.6% | 47.4% | 44.8% | 43.7% | 41.4% | 41.3% | 42.3% | 36.9% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.8M | $4.2M | $4.6M | $17.3M | $52.3M | $50.9M | $43.4M | $47.0M | $120.0M | $53.5M | $64.2M | $53.3M |
| Cash & equivalents | $3.8M | $4.2M | $4.6M | $17.3M | $52.3M | $50.9M | $43.4M | $47.0M | $120.0M | $53.5M | $64.2M | $53.3M |
| Receivables | $1.61B | $1.46B | $1.33B | $1.36B | $1.23B | $1.18B | $1.20B | $1.48B | $1.26B | $1.25B | $1.27B | $1.57B |
| Inventory | $0 | $0 | $0 | $42.2M | $0 | $0 | $0 | $41.7M | $0 | $0 | $0 | $42.2M |
| Other current assets | $322.1M | $347.9M | $385.4M | $184.6M | $392.6M | $453.7M | $424.3M | $200.4M | $543.5M | $608.5M | $613.3M | $299.5M |
| Total current assets | $1.94B | $1.81B | $1.72B | $1.60B | $1.68B | $1.69B | $1.67B | $1.77B | $1.93B | $1.91B | $1.95B | $1.96B |
| Property, plant & equipment (net) | $5.36B | $5.37B | $5.44B | $5.79B | $5.64B | $5.75B | $5.76B | $6.04B | $5.75B | $5.83B | $5.79B | $6.12B |
| Goodwill & intangible assets | $0 | $200.4M | $205.3M | $210.4M | $122.0M | $220.7M | $225.8M | $231.1M | $251.0M | $256.6M | $262.2M | $268.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $786.1M | $560.5M | $572.7M | $539.4M | $668.5M | $583.1M | $599.5M | $487.0M | $397.3M | $412.1M | $421.3M | $452.0M |
| Total assets | $8.09B | $7.94B | $7.93B | $8.14B | $8.11B | $8.24B | $8.26B | $8.53B | $8.33B | $8.42B | $8.43B | $8.81B |
| Liabilities | ||||||||||||
| Accounts payable | $889.5M | $792.3M | $751.9M | $655.6M | $664.5M | $655.2M | $640.7M | $645.9M | $673.5M | $724.9M | $731.7M | $737.4M |
| Short-term debt | — | — | — | $785.5M | $699.6M | $699.4M | $699.2M | $598.1M | $500.0M | $74.2M | $74.2M | $349.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | $108.4M | — | — | — |
| Total current liabilities | $1.58B | $1.44B | $1.37B | $1.94B | $1.93B | $1.93B | $1.87B | $1.68B | $2.04B | $1.58B | $1.54B | $1.45B |
| Long-term debt | $0 | $1.15B | $1.30B | $766.9M | $902.2M | $1.02B | $880.2M | $977.7M | $1.03B | $1.48B | $1.37B | $1.33B |
| Other long-term liabilities | $2.88B | $1.70B | $1.67B | $1.87B | $1.70B | $1.63B | $1.63B | $1.86B | $1.25B | $1.27B | $1.35B | $1.92B |
| Total liabilities | $4.45B | $4.29B | $4.34B | $4.58B | $4.54B | $4.59B | $4.39B | $4.51B | $4.33B | $4.34B | $4.26B | $4.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M |
| Retained earnings (deficit) | — | $8.04B | $7.90B | $7.80B | $6.01B | $7.53B | $7.45B | $7.37B | $7.26B | $7.15B | $7.06B | $6.98B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $3.63B | $3.66B | $3.59B | $3.57B | $3.57B | $3.66B | $3.87B | $4.01B | $4.00B | $4.08B | $4.17B | $4.10B |
| Key figures | ||||||||||||
| Total debt | $1.12B | $1.15B | $1.30B | $1.89B | $1.60B | $1.72B | $1.58B | $1.79B | $1.53B | $1.48B | $1.37B | $1.93B |
| Net cash (debt) | −$1.12B | −$1.14B | −$1.30B | −$1.87B | −$1.55B | −$1.67B | −$1.54B | −$1.74B | −$1.41B | −$1.43B | −$1.30B | −$1.88B |
| Working capital | $359.3M | $368.7M | $352.4M | −$331.2M | −$256.6M | −$246.4M | −$203.8M | $92.9M | −$115.0M | $332.2M | $405.6M | $508.7M |
| Tangible book value | $3.63B | $3.46B | $3.39B | $3.35B | $3.45B | $3.43B | $3.64B | $3.78B | $3.75B | $3.82B | $3.90B | $3.84B |
| Book value per share | $38.39 | $38.52 | $37.75 | $37.33 | $36.29 | $36.84 | $38.48 | $39.07 | $39.17 | $39.52 | $40.02 | $39.41 |
| Shares outstanding | 94.6M | 94.9M | 95.2M | 95.5M | 98.4M | 99.2M | 100.5M | 102.8M | 102.1M | 103.1M | 104.1M | 104.1M |
| Current ratio | 1.23 | 1.26 | 1.26 | 0.83 | 0.87 | 0.87 | 0.89 | 1.06 | 0.94 | 1.21 | 1.26 | 1.35 |
| Quick ratio | 1.02 | 1.01 | 0.98 | 0.71 | 0.66 | 0.64 | 0.66 | 0.91 | 0.68 | 0.83 | 0.87 | 1.11 |
| Debt / equity | 0.31 | 0.31 | 0.36 | 0.53 | 0.45 | 0.47 | 0.41 | 0.45 | 0.38 | 0.36 | 0.33 | 0.47 |
| Equity / assets | 44.9% | 46.0% | 45.3% | 43.8% | 44.1% | 44.4% | 46.8% | 47.1% | 48.0% | 48.4% | 49.4% | 46.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
JBHT financial position
At the end of fiscal 2025 (December 31, 2025), J.B. Hunt had total assets of $8.1 billion (down 4.5% from a year earlier), total liabilities of $4.6 billion and shareholders' equity of $3.6 billion. It held $17.3 million in cash and short-term investments against $1.9 billion of debt, net debt of $1.9 billion. Its current ratio was 0.83. In the latest quarter (ended September 30, 2026) total assets were $8.1 billion and equity $3.6 billion.
Related: JBHT income statement, JBHT cash flow statement, JBHT key metrics. See the JBHT stock overview for the latest quote and news.
JBHT balance sheet FAQ
What are J.B. Hunt's total assets?
J.B. Hunt reported total assets of $8.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $8.5 billion a year earlier.
How much debt does J.B. Hunt have?
J.B. Hunt had $1.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.53.
How much cash does J.B. Hunt have?
J.B. Hunt held $17.3 million in cash and short-term investments at the end of fiscal 2025; with $1.9 billion of debt that is net debt of $1.9 billion.
What is J.B. Hunt's book value?
J.B. Hunt's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $36.49 per share.
What is J.B. Hunt's current ratio?
J.B. Hunt had current assets of $1.6 billion and current liabilities of $1.9 billion, a current ratio of 0.83 (current liabilities exceed current assets).
How much goodwill does J.B. Hunt have?
J.B. Hunt carried $210.4 million of goodwill and intangible assets, 2.6% of total assets, at the end of fiscal 2025.