Hub Group, Inc. HUBG

IndustrialsFreight & Logistics ServicesUnited States of America

Last close 26.68 USD on Nov 1, 2026, −36.7% year to date

Quant rating

Quant rating C Rank 259 of 486 in Industrials

Growth C 336 of 486
Valuation A 18 of 486
Quality B 158 of 486
Revisions C 201 of 486
Momentum D 446 of 486

Wall Street consensus Buy (2.45)Average target 38.55 USD +44.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.6B
Enterprise value: 1.8B
52-week range: 24.99 – 53.26
3-year range: 24.99 – 53.26
Dividend yield: 1.87%
Beta (5 years): 1.21
Shares outstanding: 61.2M
Next earnings: Feb 14, 2026

About the company

Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company operates through two segments: Intermodal and Transportation Solutions (ITS), and Logistics. Its ITS segment includes its intermodal and dedicated trucking. Its Logistics segment includes full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, and final mile delivery services. Logistics also includes its brokerage business which provides third-party truckload, less-than-truckload (LTL), flatbed and temperature-controlled needs. The Company’s service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. The Company serves range of industries, including retail, consumer products, automotive, and durable goods.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2024	2023	2022	2021	2020	5Y avg
Revenue (mil)	3,946	4,203	5,340	4,232	3,496	–
Revenue growth	−6.1%	−21.3%	26.2%	21.1%	−4.7%	1.5%
EPS (basic, normalized)	1.91	2.62	5.32	2.53	1.17	–
EPS growth	−27.1%	−50.8%	110.3%	117.2%	–	–
Gross margin	–	–	16.7%	14.2%	12.2%	14.3%
Net margin	2.6%	4.0%	6.7%	4.1%	2.1%	3.9%
ROE	6.3%	10.4%	24.3%	13.7%	6.6%	12.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	120
Current ratio	1.47x
Long-term debt (mil)	161
Net debt (mil)	189
Total equity (mil)	1,702
Net debt / equity	0.11x
Net debt / EBITDA	0.54x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2024 actual	3,946	−6.1%	0.5x	349	−9.0%	5.2x	1.91	−27.1%	14.0x
2025	3,676	−6.9%	0.5x	292	−16.4%	6.2x	1.81	−5.0%	14.7x
2026	3,760	+2.3%	0.5x	243	−16.8%	7.5x	1.58	−13.0%	16.9x
2027	4,014	+6.7%	0.5x	300	+23.6%	6.1x	2.20	+39.6%	12.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2025	3,676	0.0%	0.0%	0.0%	1.81	0.0%	−0.7%	−0.7%
2026	3,760	−0.8%	−0.9%	−0.4%	1.58	+7.6%	−10.8%	−16.1%
2027	4,014	−0.8%	−1.2%	−0.4%	2.20	+1.3%	−9.9%	−13.9%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales reported (mil)	1,040	1,025	985	999	986	987	974	915	906	934
Sales mean (mil)	1,125	1,027	993	1,050	1,093	1,062	1,001	966	914	926
Surprise	−7.5%	−0.2%	−0.8%	−4.8%	−9.7%	−7.1%	−2.8%	−5.3%	−0.9%	+0.9%
EPS reported	0.72	0.48	0.46	0.44	0.47	0.52	0.48	0.44	0.45	0.49
EPS mean	0.69	0.58	0.51	0.39	0.47	0.48	0.48	0.43	0.44	0.49
Surprise	+4.6%	−17.0%	−10.3%	+13.6%	−0.2%	+9.0%	0.0%	+2.9%	+2.1%	+0.3%

Peer comparison Freight & Logistics Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
HUBG Hub Group, Inc.	1.6B	0.54x	2.6%	0.96x	14.7x	16.9x	6.2x	7.5x
UNP Union Pacific Corporation	180.7B	2.19x	29.1%	8.20x	23.1x	21.1x	15.2x	14.1x
CP Canadian Pacific Kansas City Limited	78.0B	3.28x	27.5%	2.38x	24.5x	21.3x	16.4x	14.9x
CNR Canadian National Railway Co	74.8B	2.56x	27.3%	4.77x	21.2x	19.3x	13.9x	13.1x
CSX CSX Corporation	95.8B	2.70x	20.5%	6.67x	25.3x	22.2x	15.3x	14.0x
UPS United Parcel Service Inc	92.1B	1.60x	6.3%	6.11x	14.9x	13.4x	8.9x	8.2x
Mean		2.15x	18.9%	4.85x	20.6x	19.0x	12.7x	12.0x
Median		2.38x	23.9%	5.44x	22.1x	20.2x	14.6x	13.6x

Technical analysis

1M−11.6%
3M−43.8%
1Y−24.2%
3Y−21.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Hub Group, Inc., fiscal years, most recent first
	2024	2023	2022	2021	2020	2019
Total revenue	3,946	4,203	5,340	4,232	3,496	3,668
Cost of revenue	–	–	4,451	3,633	3,070	3,147
Gross profit	3,946	4,203	890	600	425	521
Selling, general & administrative expenses	3,619	3,805	366	323	289	338
Research & development	–	–	–	–	–	–
Depreciation/amortization	141	144	46.0	37.5	31.2	30.8
Interest expense (income), operating	–	–	–	–	–	0.3
Unusual expense (income)	1.5	−6.8	3.1	1.1	−0.7	–
Other operating expenses	44.2	49.0	0	0	0	0
Operating income	140	212	475	238	106	152
Net interest income (expense)	−7.6	−3.4	−6.6	−7.3	−9.3	−8.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.2	0.4	−0.1	−0.2	−0.4	0.3
Net income before taxes	133	209	468	231	96.1	144
Provision for taxes	28.5	41.7	111	59.4	22.5	36.7
Minority interest	−0.1	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	104	168	357	171	73.6	107
Extraordinary items	–	–	–	–	0	0
Net income	104	168	357	171	73.6	107
EBIT, normalized	142	210	478	240	105	153
EBITDA, normalized	334	395	632	370	229	270
Basic EPS, normalized	1.91	2.62	5.32	2.53	1.17	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Hub Group, Inc., fiscal years, most recent first
	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	98.2	187	287	160	125	169
Receivables	592	604	720	705	520	447
Total inventory	–	–	–	–	–	–
Prepaid expenses	49.0	58.4	49.9	30.0	28.1	24.7
Other current assets	28.7	0	0	0	0	0
Total current assets	768	849	1,057	894	673	640
Property, plant & equipment	975	1,005	887	727	718	705
Goodwill	814	734	629	577	509	484
Intangibles	267	305	197	197	164	121
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	43.7	43.5	39.6	42.7	41.8	41.3
Total assets	2,868	2,936	2,810	2,437	2,105	1,992
Liabilities
Accounts payable	280	349	345	425	285	257
Payable/accrued	–	–	–	–	–	–
Accrued expenses	170	188	229	151	136	141
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	101	107	103	98.5	95.4	97.7
Other current liabilities	29.1	14.5	15.6	12.5	12.7	11.6
Total current liabilities	579	658	692	687	529	507
Long-term debt	165	246	241	177	177	189
Minority interest	47.0	–	–	–	–	–
Other liabilities	432	397	278	232	242	220
Total liabilities	1,223	1,301	1,210	1,097	947	916
Shareholders' equity
Preferred stock	0	–	–	–	–	0
Common stock	0.7	0.8	0.4	0.4	0.4	0.4
Additional paid-in capital	222	225	208	189	186	180
Retained earnings (accumulated deficit)	2,022	1,949	1,782	1,425	1,253	1,180
Treasury stock	−599	−525	−375	−258	−266	−269
Other equity	−1.5	−15.6	−15.7	−15.7	−15.6	−15.6
Total equity	1,645	1,635	1,600	1,340	1,158	1,075
Total liabilities & shareholders' equity	2,868	2,936	2,810	2,437	2,105	1,992

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Hub Group, Inc., fiscal years, most recent first
	2024	2023	2022	2021	2020	2019
Operating activities
Net income	104	168	357	171	73.6	107
Depreciation, depletion & amortization	193	184	154	131	124	117
Deferred taxes	−13.8	9.6	4.4	−4.0	7.5	1.8
Non-cash items	17.9	16.5	2.1	0.9	24.3	15.5
Changes in working capital	−106	44.1	−59.1	−46.2	−54.1	13.1
Cash from operations	194	422	458	253	175	255
Investing activities
Capital expenditures	−50.8	−140	−219	−133	−115	−94.8
Other investing cash flows	−2.5	−233	−59.7	−77.2	−81.6	28.7
Cash from investing	−53.3	−373	−279	−210	−197	−66.1
Financing activities
Financing cash flow items	−11.9	−10.1	−8.3	−9.1	−8.0	−4.0
Cash dividends paid	−30.2	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−159	−138	−44.1	1.7	−14.3	−77.1
Cash from financing	−201	−148	−52.5	−7.4	−22.3	−81.1
Foreign exchange effects	−0.1	0	0	0	0	0
Net change in cash	−60.3	−99.4	127	35.3	−44.2	107
Free cash flow	144	282	239	120	59.6	160

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.