Hub Group, Inc. (HUBG) Income Statement
HUBG 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsHUBG revenue and net income
Where HUBG's revenue goes
2024Each bar shows an amount and its share of revenue. HUBG kept 2.6% of revenue as net income.
HUBG profit margins
HUBG growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.1% | −2.3% | +1.5% | +1.0% |
| Gross profit | +568.9% | +77.8% | +45.3% | +24.7% |
| Operating income | −33.9% | −16.2% | −1.6% | +5.3% |
| Net income | −37.9% | −15.4% | −0.6% | +7.3% |
| EPS (diluted) | −29.0% | −8.9% | +2.2% | +10.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HUBG quarterly EPS vs estimates
Hub beat the analyst EPS estimate in 8 of the last 8 quarters.
HUBG income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $4.20B | $5.34B | $4.23B | $3.50B | $3.67B | $3.68B | $4.03B | $3.57B | $3.53B |
| Cost of revenue | $577.5M | $3.70B | $4.45B | $3.63B | $3.07B | $3.15B | $3.24B | $3.58B | $3.12B | $3.11B |
| Gross profit | $3.37B | $503.7M | $889.5M | $599.6M | $425.4M | $521.1M | $445.6M | $457.5M | $454.8M | $412.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $113.7M | $152.7M | $368.8M | $323.7M | $288.4M | $340.2M | $304.1M | $273.6M | $249.1M | $287.7M |
| Total operating expenses | $3.23B | $291.4M | $414.8M | $361.2M | $319.6M | $368.6M | $320.7M | $361.0M | $331.0M | $295.7M |
| Operating income | $140.3M | $212.2M | $474.7M | $238.5M | $105.8M | $152.4M | $124.9M | $96.6M | $123.8M | $117.0M |
| Interest income | $6.9M | $10.0M | $874,000 | $5,000 | $403,000 | $2.1M | $1.4M | $416,000 | $393,000 | $2.9M |
| Interest expense | $14.5M | $13.4M | $7.5M | $7.3M | $9.7M | $11.0M | $9.6M | $6.8M | $3.6M | $3.0M |
| Income before taxes | $132.5M | $209.2M | $468.0M | $230.9M | $96.1M | $143.9M | $116.7M | $90.9M | $121.4M | $111.6M |
| Income taxes | $28.5M | $41.7M | $111.0M | $59.4M | $22.5M | $36.7M | $29.1M | −$44.2M | $46.6M | $40.6M |
| Net income | $104.0M | $167.5M | $356.9M | $171.5M | $73.6M | $107.2M | $201.7M | $135.2M | $74.8M | $70.9M |
| EBITDA | $339.6M | $407.1M | $629.2M | $349.9M | $229.1M | $274.1M | $210.2M | $134.8M | $141.3M | $151.6M |
| EPS (diluted) | $1.91 | $2.69 | $5.33 | $2.53 | $1.32 | $1.71 | $1.47 | $0.96 | $1.15 | $1.02 |
| Gross margin | 85.4% | 12.0% | 16.7% | 14.2% | 12.2% | 14.2% | 12.1% | 11.3% | 12.7% | 11.7% |
| Operating margin | 3.6% | 5.1% | 8.9% | 5.6% | 3.0% | 4.2% | 3.4% | 2.4% | 3.5% | 3.3% |
| Net margin | 2.6% | 4.0% | 6.7% | 4.1% | 2.1% | 2.9% | 5.5% | 3.3% | 2.1% | 2.0% |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $934.5M | $905.6M | $915.2M | $973.5M | $986.9M | $986.5M | $999.5M | $985.0M | $1.02B | $1.04B | $1.15B | $1.29B |
| Cost of revenue | $895.1M | $143.3M | $149.4M | $762.8M | $915.3M | $906.9M | $923.0M | $878.0M | $947.2M | $940.8M | $1.04B | $1.08B |
| Gross profit | $39.4M | $762.3M | $765.8M | $210.7M | $71.6M | $79.6M | $76.5M | $107.0M | $77.6M | $99.6M | $112.5M | $204.4M |
| Sales, general & admin | $27.1M | $28.9M | $27.1M | $62.9M | $39.9M | $40.5M | $39.9M | $29.3M | $35.8M | $38.4M | $38.2M | $88.1M |
| Total operating expenses | $36.9M | $728.0M | $728.5M | $179.2M | $39.5M | $40.1M | $39.4M | $77.6M | $35.1M | $37.6M | $34.2M | $100.1M |
| Operating income | $39.4M | $34.3M | $37.3M | $31.5M | $32.1M | $39.5M | $37.1M | $29.4M | $42.6M | $62.1M | $78.2M | $104.3M |
| Interest income | $1.4M | $1.0M | $1.3M | $1.4M | $2.2M | $1.8M | $1.4M | $3.7M | $2.8M | $2.1M | $1.4M | — |
| Interest expense | $3.0M | $3.1M | $3.2M | $3.3M | $3.6M | $3.7M | $3.9M | $3.8M | $3.5M | $3.1M | $3.0M | $1.4M |
| Income before taxes | $38.5M | $32.9M | $35.6M | $29.8M | $30.7M | $37.6M | $34.5M | $29.8M | $41.7M | $61.1M | $76.7M | $103.2M |
| Income taxes | $9.6M | $7.9M | $8.4M | $5.4M | $7.1M | $8.6M | $7.4M | $992,000 | $11.2M | $14.6M | $14.9M | $23.9M |
| Net income | $28.6M | $25.2M | $26.8M | $24.4M | $23.6M | $29.0M | $27.1M | $28.8M | $30.5M | $46.5M | $61.8M | $79.3M |
| EBITDA | $87.9M | $83.5M | $85.9M | $80.1M | $80.7M | $90.8M | $88.0M | $77.9M | $90.5M | $109.9M | $125.4M | $146.9M |
| EPS (diluted) | $0.49 | $0.45 | $0.44 | $0.48 | $0.52 | $0.47 | $0.44 | $0.54 | $0.49 | $0.72 | $0.94 | $1.21 |
| Gross margin | 4.2% | 84.2% | 83.7% | 21.6% | 7.3% | 8.1% | 7.7% | 10.9% | 7.6% | 9.6% | 9.8% | 15.9% |
| Operating margin | 4.2% | 3.8% | 4.1% | 3.2% | 3.3% | 4.0% | 3.7% | 3.0% | 4.2% | 6.0% | 6.8% | 8.1% |
| Net margin | 3.1% | 2.8% | 2.9% | 2.5% | 2.4% | 2.9% | 2.7% | 2.9% | 3.0% | 4.5% | 5.4% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HUBG's financial statements (latest annual report filed February 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HUBG financial results
In fiscal year 2024 (ended December 31, 2024), Hub reported revenue of $3.9 billion, down 6.1% from the year before. It had net income of $104.0 million (down 37.9%), a net profit margin of 2.6%. Diluted earnings per share came to $1.91. Over five years revenue grew at an average rate of 1.5% a year.
See the HUBG stock overview for the latest quote and news, or the HUBG chart for price history and technical indicators.
HUBG income statement FAQ
What is Hub's annual revenue?
Hub reported total revenue of $3.9 billion for fiscal year 2024, which ended on December 31, 2024. That was down 6.1% from $4.2 billion the previous year.
Is Hub profitable?
Yes. Hub reported net income of $104.0 million in fiscal 2024, a net profit margin of 2.6%; its operating margin was 3.6%.
What is Hub's gross margin?
Hub's gross margin was 85.4% in fiscal 2024: for every $100 of revenue, Hub kept $85 after the direct cost of its products and services.
How fast is Hub growing?
Revenue grew 1.5% a year on average over the last five fiscal years, from $3.7 billion to $3.9 billion.
What are Hub's earnings per share?
Hub earned $1.91 per diluted share in fiscal 2024, compared with $2.69 a year earlier.
When does Hub's fiscal year end?
Hub's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on February 25, 2025.