Hub Group, Inc. HUBG
Hub Group, Inc. (the "Company", "Hub", "we", "us" or "our") is a leading supply chain solutions provider that offers comprehensive transportation and logistics management services focused on reliability, visibility and value for our customers. Our mission is to continuously elevate each customer's business to drive long term success. Our vision is to build the industry's premier supply chain solution. Our service offerings include a full range of freight transportation and logistics services, some of which are provided using assets we own and operate, and some of which are provided by third parties with whom we contract. We have two reportable segments: Intermodal and Transportation Solutions ("ITS") and Logistics which are based primarily on the services each segment provides. Our ITS segment includes our intermodal and dedicated trucking. Our Logistics segment includes full outsource logistics solutions, transportation management services, consolidation and fulfillment services and final mile delivery services. Logistics also includes our brokerage business which provides third-party truckload, less-than-truckload ("LTL"), flatbed and temperature-controlled needs.
Valuation FY2024 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $4.20B | $5.34B | $4.23B | $3.50B | $3.67B | $3.68B | $3.12B | $2.75B | $3.53B |
| Cost of revenue | — | — | $4.45B | $3.63B | $3.07B | $3.15B | $3.24B | $2.79B | $2.42B | $3.11B |
| Gross profit | — | — | $889.5M | $599.6M | $425.4M | $521.1M | $445.6M | $337.6M | $331.3M | $412.7M |
| SG&A | $113.7M | $105.7M | $120.6M | $90.0M | $99.6M | $104.2M | $81.3M | $77.2M | $60.9M | $60.0M |
| Total operating expenses | $3.81B | $3.99B | $4.87B | $3.99B | $319.6M | $368.6M | $320.7M | $265.0M | $234.8M | $295.7M |
| Operating income | $140.3M | $212.2M | $474.7M | $238.5M | $105.8M | $152.4M | $124.9M | $72.7M | $96.6M | $117.0M |
| Interest expense | $14.5M | $13.4M | $7.5M | $7.3M | $9.3M | $11.0M | $9.6M | $6.8M | $3.6M | $3.0M |
| Pre-tax income | $132.5M | $209.2M | $468.0M | $230.9M | $96.1M | $143.9M | $116.7M | $66.9M | $94.0M | $111.6M |
| Income tax | $28.5M | $41.7M | $111.0M | $59.4M | $22.5M | $36.7M | $29.1M | $53.1M | $36.4M | $40.6M |
| Net income | $104.0M | $167.5M | $356.9M | $171.5M | $73.6M | $107.2M | $201.7M | $135.2M | $74.8M | $70.9M |
| EPS, basic | 1.72 | 2.65 | 5.37 | 2.56 | 2.22 | 3.22 | 6.04 | 4.07 | 2.21 | 1.98 |
| EPS, diluted | 1.70 | 2.62 | 5.32 | 2.53 | 2.19 | 3.20 | 6.01 | 4.05 | 2.20 | 1.97 |
| Shares, diluted (wtd. avg.) | $61.1K | $64.0K | $67.1K | $67.8K | $33.5K | $33.5K | $33.6M | $33.4M | $33.9M | $36.0M |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $98.2M | $187.3M | $286.6M | $159.8M | $124.5M | $168.7M | $61.4M | $28.6M | $127.4M | $207.7M |
| Receivables | — | — | — | — | — | $443.5M | $477.1M | $424.7M | $473.6M | $380.0M |
| Total current assets | $768.3M | $849.2M | $1.06B | $894.3M | $672.8M | $640.2M | $588.7M | $656.1M | $622.3M | $624.6M |
| Property, plant and equipment | $739.9M | $791.7M | $783.7M | $681.5M | $671.1M | $663.2M | $681.9M | $561.2M | $438.6M | $374.8M |
| Goodwill | $814.3M | $733.7M | $629.4M | $576.9M | $508.6M | $484.5M | $483.6M | $319.3M | $262.4M | $262.6M |
| Other intangibles | $267.4M | $304.6M | $197.4M | $196.7M | $164.0M | $121.0M | $134.8M | $64.7M | $11.8M | $13.1M |
| Total assets | $2.87B | $2.94B | $2.81B | $2.44B | $2.11B | $1.99B | $1.92B | $1.67B | $1.36B | $1.30B |
| Accounts payable | $280.0M | $349.4M | $344.8M | $424.9M | $285.3M | $257.2M | $272.9M | $238.2M | $266.6M | $230.4M |
| Short-term debt | $100.0M | $105.1M | $101.7M | $97.3M | $93.6M | $94.7M | $101.7M | $77.3M | $45.2M | $32.4M |
| Total current liabilities | $579.5M | $658.2M | $691.8M | $687.1M | $529.1M | $507.4M | $526.8M | $519.5M | $417.7M | $358.7M |
| Long-term debt | $164.4M | $245.6M | $240.7M | $177.5M | $176.8M | $186.9M | $229.1M | $214.8M | $115.5M | $100.9M |
| Retained earnings | $2.02B | $1.95B | $1.78B | $1.42B | $1.25B | $1.18B | $1.07B | $870.7M | $735.6M | $660.8M |
| Total equity | $1.64B | $1.63B | $1.60B | $1.34B | $1.16B | $1.08B | $980.8M | $769.9M | $628.2M | $647.8M |
Cash flow
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $194.4M | $422.2M | $458.2M | $252.8M | $175.0M | $254.5M | $210.8M | $125.2M | $102.5M | $171.7M |
| Depreciation and amortisation | $192.6M | $184.4M | $153.7M | $130.6M | $123.7M | $116.9M | $83.9M | $62.2M | $44.7M | $37.0M |
| Stock-based compensation | $19.2M | $21.3M | $20.4M | $20.1M | $17.1M | $16.3M | $13.5M | $9.9M | $8.5M | $7.8M |
| Capital expenditure | $50.8M | $140.1M | $219.1M | $133.0M | $115.3M | $94.8M | $199.8M | $74.5M | $107.4M | $83.0M |
| Investing cash flow | -$53.3M | -$373.2M | -$278.9M | -$210.1M | -$196.9M | -$66.1M | -$209.5M | -$235.1M | -$105.3M | -$80.7M |
| Financing cash flow | -$201.3M | -$148.4M | -$52.5M | -$7.4M | -$22.3M | -$81.1M | $31.6M | $11.1M | -$77.4M | $7.1M |
| Dividends paid | $30.2M | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | $68.3M | $143.8M | $75.0M | $0 | $0 | $25.0M | — | — | $100.0M | $28.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000950170-25-026866.
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