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Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America. It operates in two segments, Intermodal and Transportation Solutions (ITS), and Logistics. The ITS segment offers intermodal and dedicated trucking services, including freight transportation, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking services. The Logistics segment provides transportation management, freight brokerage, shipment optimization, load consolidation, mode selection, carrier management, load planning and execution, warehousing, fulfillment, cross-docking, and consolidation and final mile delivery services. It also provides trucking transportation services, including dry van, expedited, less-than-truckload, and refrigerated and flatbed services. As of December 31, 2024, the company operated a fleet of approximately 2,300 tractors, 3,200 employee drivers, 500 independent owner-operators, and 4,700 trailers; and owned approximately 50,000 dry and 53-foot containers, as well as 900 refrigerated 53-foot containers. It serves a range of industries, including retail, consumer products, automotive, and durable goods. The company was founded in 1971 and is headquartered in Oak Brook, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2024
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2024 | $3.9B | $340M | $104M | $144M | 6.3% | -6.1% | -37.9% |
| 2023 | $4.2B | $407M | $168M | $282M | 10.2% | -21.3% | -53.1% |
| 2022 | $5.3B | $629M | $357M | $239M | 22.3% | 26.2% | 108.2% |
| 2021 | $4.2B | $369M | $171M | $120M | 12.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total Revenue | 4,232.38 | 5,340.49 | 4,202.58 | 3,946.39 |
| Operating Revenue | 4,232.38 | 5,340.49 | 4,202.58 | 3,946.39 |
| Cost Of Revenue | 3,762.12 | 4,579.51 | 3,698.92 | 3,508.03 |
| Gross Profit | 470.26 | 760.98 | 503.66 | 438.36 |
| Operating Expense | 250.98 | 310.43 | 298.27 | 299.35 |
| Selling General And Administration | 134.51 | 178.64 | 154.74 | 157.88 |
| Total Expenses | 4,013.10 | 4,889.94 | 3,997.19 | 3,807.37 |
| Operating Income | 219.28 | 450.54 | 205.40 | 139.02 |
| Total Operating Income As Reported | 238.46 | 474.72 | 212.23 | 140.29 |
| EBITDA | 368.85 | 629.19 | 407.09 | 339.57 |
| Normalized EBITDA | 349.67 | 605.01 | 400.25 | 338.30 |
| EBIT | 238.22 | 475.46 | 222.64 | 147.01 |
| Interest Income | 0 | 0.87 | 10.01 | 6.89 |
| Interest Expense | 7.31 | 7.51 | 13.44 | 14.46 |
| Net Interest Income | -7.30 | -6.63 | -3.42 | -7.58 |
| Other Non Operating Income Expenses | -0.24 | -0.13 | 0.40 | -0.17 |
| Other Income Expense | 18.93 | 24.04 | 7.23 | 1.11 |
| Interest Income Non Operating | 0 | 0.87 | 10.01 | 6.89 |
| Interest Expense Non Operating | 7.31 | 7.51 | 13.44 | 14.46 |
| Net Non Operating Interest Income Expense | -7.30 | -6.63 | -3.42 | -7.58 |
| Pretax Income | 230.91 | 467.96 | 209.20 | 132.55 |
| Tax Provision | 59.44 | 111.01 | 41.68 | 28.50 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 4.93 | 5.73 | 1.36 | 0.27 |
| Net Income Continuous Operations | 171.47 | 356.95 | 167.53 | 104.04 |
| Net Income From Continuing And Discontinued Operation | 171.47 | 356.95 | 167.53 | 104.04 |
| Net Income From Continuing Operation Net Minority Interest | 171.47 | 356.95 | 167.53 | 104.04 |
| Net Income | 171.47 | 356.95 | 167.53 | 104.04 |
| Net Income Common Stockholders | 171.47 | 356.95 | 167.53 | 104.04 |
| Net Income Including Noncontrolling Interests | 171.47 | 356.95 | 167.53 | 104.04 |
| Normalized Income | 157.23 | 338.50 | 162.05 | 103.04 |
| Diluted NI Availto Com Stockholders | 171.47 | 356.95 | 167.53 | 104.04 |
| Basic Average Shares | 66.87 | 66.42 | 63.32 | 60.62 |
| Diluted Average Shares | 67.78 | 67.12 | 63.95 | 61.10 |
| Reconciled Depreciation | 130.63 | 153.73 | 184.45 | 192.56 |
| Reconciled Cost Of Revenue | 3,747.96 | 4,557.58 | 3,658 | 3,456.93 |
| Total Unusual Items | 19.17 | 24.18 | 6.84 | 1.27 |
| Total Unusual Items Excluding Goodwill | 19.17 | 24.18 | 6.84 | 1.27 |
| Special Income Charges | 19.17 | 24.18 | 6.84 | 1.27 |
| Depreciation Amortization Depletion Income Statement | 116.47 | 131.79 | 143.52 | 141.47 |
| Depreciation And Amortization In Income Statement | 116.47 | 131.79 | 143.52 | 141.47 |
| General And Administrative Expense | 134.51 | 178.64 | 154.74 | 157.88 |
| Other Gand A | 90.04 | 120.58 | 105.70 | 113.70 |
| Salaries And Wages | 247.24 | 264.89 | 553.33 | 577.46 |
| Gain On Sale Of Ppe | 19.17 | 24.18 | 6.84 | 1.27 |
| Insurance And Claims | 44.47 | 58.06 | 49.04 | 44.18 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hub Group, Inc.this co. | HUBG | $2.7B | 25.63↑ premium | 1.62 | 6.3% | 9.06 |
| Worthington Enterprises, Inc. | WOR | $2.9B | 29.77 | 3.05 | 10.2% | 16.38 |
| Werner Enterprises, Inc. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 |
| 1.95 |
| 7.3% |
| 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 | 5.02 | 17.8% | 14.18 |
| DNOW Inc. | DNOW | $2.5B | -27.69 | 1.10 | -4.0% | -99.50 |
| ABM Industries Incorporated | ABM | $2.3B | 14.37 | 1.31 | 9.1% | 9.26 |
| CoreCivic, Inc. | CXW | $2.3B | 19.57 | 1.62 | 8.3% | 10.14 |
| Peer Median | - | 19.57 | 1.93 | 8.7% | 10.20 | |