F

J.B. Hunt Transport Services, I — Earnings Quality Grade F

JBHT · Industrials

Major red flags

Revenue
$12.0B
2025
Net Income
$598M
2025
Gross Margin
13.3%
Free Cash Flow
$948M
01

Screening Summary

16
Passed
0
Watch
1
Failed
-3.19
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 35 days, change -2 days YoY

A2AR vs Revenue Growth

AR growth -5.2% vs revenue growth -0.7%

A3Revenue vs CFFO

Revenue -0.7%, CFFO 13.2%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 1.3% vs COGS -1.1%. Normal

B2CapEx vs Revenue

CapEx growth -15.6% vs revenue -0.7%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 41.3%. Normal

B4Gross Margin

Gross margin 13.3%, change +0.3pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.81. Profits backed by cash

C2Free Cash Flow

FCF $0.9B, FCF/NI = 1.58

C3Accruals Ratio

Accruals ratio = -13.6%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 1% of debt $1.5B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.2B = 6% of equity. Manageable

D2Leverage

Debt/EBITDA = 0.9x. Healthy

D3Soft Asset Growth

Other assets -1.0% vs revenue -0.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -9% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.19 (< -2.22). Unlikely manipulator

04

Beneish M-Score

Manipulation Probability-3.19
-4.0 Clean-2.22 Grey-1.78 Danger0
0.955
DSRI
AR growing faster than revenue?
0.975
GMI
Gross margin declining?
1.014
AQI
Asset quality deteriorating?
0.993
SGI
Revenue growth rate
1.026
DEPI
Depreciation slowing?
1.001
SGAI
SG&A ratio changing?
-0.1362
TATA
Accruals level
1.067
LVGI
Leverage increasing?
05

Altman Z-Score

4.53
Safe Zone
0 Distress1.102.605.0+ Safe
-0.0418
Liquidity
0.984
Cumulative profit
0.1097
Operating efficiency
0.8173
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

J.B. Hunt Transport Services, I (JBHT) Earnings Quality Grade F — EarningsGrade