Hub Group Inc Financials

HUBG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Hub Group Inc (HUBG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 34/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Hub Group Inc has an operating margin of 3.5%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is down from 5.1% the prior year.

Growth

Hub Group Inc's revenue declined 6.1% year-over-year, from $4.2B to $3.9B. This contraction results in a growth score of 11/100.

Leverage

100

Hub Group Inc carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Hub Group Inc's current ratio of 1.33 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Hub Group Inc's free cash flow margin of 3.6% results in a low score of 18/100. Capital expenditures of $50.8M absorb a large share of operating cash flow.

Returns

Hub Group Inc generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 10.3% the prior year.

Altman Z-Score Safe

3.79

Hub Group Inc scores 3.79, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Hub Group Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.87x

For every $1 of reported earnings, Hub Group Inc generates $1.87 in operating cash flow ($194.4M OCF vs $104.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.7x

Hub Group Inc earns $9.7 in operating income for every $1 of interest expense ($140.3M vs $14.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$3.9B

YoY-6.1%

5Y CAGR+1.5%

10Y CAGR+1.0%

Hub Group Inc generated $3.9B in revenue in fiscal year 2024. This represents a decrease of 6.1% from the prior year.

EBITDA

$332.9M

YoY-16.1%

5Y CAGR+4.3%

10Y CAGR+11.4%

Hub Group Inc's EBITDA was $332.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.1% from the prior year.

Free Cash Flow

$143.6M

YoY-49.1%

5Y CAGR-2.1%

Hub Group Inc generated $143.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 49.1% from the prior year.

Net Income

$104.0M

YoY-37.9%

5Y CAGR-0.6%

10Y CAGR+7.3%

Hub Group Inc reported $104.0M in net income in fiscal year 2024. This represents a decrease of 37.9% from the prior year.

EPS (Diluted)

$1.70

YoY-35.1%

5Y CAGR-11.9%

10Y CAGR+2.0%

Hub Group Inc earned $1.70 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 35.1% from the prior year.

Cash & Debt

$98.2M

YoY-47.5%

5Y CAGR-10.3%

10Y CAGR-1.1%

Hub Group Inc held $98.2M in cash against $164.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

3.5%

YoY-1.5pp

5Y CAGR-0.6pp

10Y CAGR+1.2pp

Hub Group Inc's operating margin was 3.5% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

2.6%

YoY-1.3pp

5Y CAGR-0.3pp

10Y CAGR+1.2pp

Hub Group Inc's net profit margin was 2.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

6.3%

YoY-3.9pp

5Y CAGR-3.6pp

10Y CAGR-2.3pp

Hub Group Inc's ROE was 6.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$68.3M

YoY-52.5%

5Y CAGR+22.3%

10Y CAGR+14.2%

Hub Group Inc spent $68.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 52.5% from the prior year.

Capital Expenditures

$50.8M

YoY-63.7%

5Y CAGR-11.7%

10Y CAGR-8.2%

Hub Group Inc invested $50.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 63.7% from the prior year.

HUBG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.9B-6.1%	$4.2B-21.3%	$5.3B+26.2%	$4.2B+21.1%	$3.5B-4.7%	$3.7B
Cost of Revenue	N/A	N/A	$4.5B+22.5%	$3.6B+18.3%	$3.1B-2.4%	$3.1B
Gross Profit	N/A	N/A	$889.5M+48.3%	$599.6M+40.9%	$425.4M-18.4%	$521.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$113.7M+7.6%	$105.7M-12.3%	$120.6M+33.9%	$90.0M-9.6%	$99.6M-4.4%	$104.2M
Operating Income	$140.3M-33.9%	$212.2M-55.3%	$474.7M+99.1%	$238.5M+125.3%	$105.8M-30.6%	$152.4M
Interest Expense	$14.5M+7.7%	$13.4M+79.0%	$7.5M+2.7%	$7.3M-21.8%	$9.3M-15.0%	$11.0M
Income Tax	$28.5M-31.6%	$41.7M-62.5%	$111.0M+86.8%	$59.4M+163.7%	$22.5M-38.6%	$36.7M
Net Income	$104.0M-37.9%	$167.5M-53.1%	$356.9M+108.2%	$171.5M+133.1%	$73.6M-31.4%	$107.2M
EPS (Diluted)	$1.70-35.1%	$2.62-50.8%	$5.32+110.3%	$2.53+15.5%	$2.19-31.6%	$3.20

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$934.5M+3.2%	$905.6M-1.0%	$915.2M-6.0%	$973.5M-1.3%	$986.5M-1.3%	$999.5M+1.5%	$985.0M-3.9%	$1.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$27.1M-6.2%	$28.9M+6.6%	$27.1M-6.1%	$28.9M+3.7%	$27.9M+2.4%	$27.2M-6.9%	$29.3M+21.2%	$24.1M
Operating Income	$39.4M+14.8%	$34.3M-8.0%	$37.3M+18.4%	$31.5M-20.2%	$39.5M+6.4%	$37.1M+26.3%	$29.4M-30.9%	$42.6M
Interest Expense	$3.0M-3.9%	$3.1M-3.0%	$3.2M-1.5%	$3.3M-10.7%	$3.7M-5.4%	$3.9M+2.3%	$3.8M+7.8%	$3.5M
Income Tax	$9.6M+21.1%	$7.9M-6.3%	$8.4M+56.8%	$5.4M-37.1%	$8.6M+15.6%	$7.4M+647.0%	$992K-91.1%	$11.2M
Net Income	$28.6M+13.1%	$25.2M-6.0%	$26.8M+10.4%	$24.3M-16.2%	$29.0M+7.3%	$27.1M-6.0%	$28.8M-5.5%	$30.5M
EPS (Diluted)	$0.47+11.9%	$0.42-4.5%	$0.44+10.0%	$0.40-14.9%	$0.47+6.8%	$0.44-8.3%	$0.480.0%	$0.48

HUBG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.9B-2.3%	$2.9B+4.5%	$2.8B+15.3%	$2.4B+15.8%	$2.1B+5.7%	$2.0B
Current Assets	$768.3M-9.5%	$849.2M-19.6%	$1.1B+18.2%	$894.3M+32.9%	$672.8M+5.1%	$640.2M
Cash & Equivalents	$98.2M-47.5%	$187.3M-34.7%	$286.6M+79.4%	$159.8M+28.3%	$124.5M-26.2%	$168.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$443.5M
Goodwill	$814.3M+11.0%	$733.7M+16.6%	$629.4M+9.1%	$576.9M+13.4%	$508.6M+5.0%	$484.5M
Total Liabilities	$1.2B-6.0%	$1.3B+7.5%	$1.2B+10.3%	$1.1B+15.8%	$947.5M+3.4%	$916.3M
Current Liabilities	$579.5M-12.0%	$658.2M-4.9%	$691.8M+0.7%	$687.1M+29.9%	$529.1M+4.3%	$507.4M
Long-Term Debt	$164.4M-33.1%	$245.6M+2.0%	$240.7M+35.6%	$177.5M+0.4%	$176.8M-5.4%	$186.9M
Total Equity	$1.6B+0.6%	$1.6B+2.2%	$1.6B+19.3%	$1.3B+15.8%	$1.2B+7.7%	$1.1B
Retained Earnings	$2.0B+3.8%	$1.9B+9.4%	$1.8B+25.1%	$1.4B+13.7%	$1.3B+6.2%	$1.2B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.9B+3.6%	$2.8B-0.8%	$2.8B-1.6%	$2.9B+0.3%	$2.9B-1.1%	$2.9B-1.5%	$2.9B+0.6%	$2.9B
Current Assets	$788.3M+5.8%	$745.4M-1.0%	$752.8M-2.0%	$768.3M-8.2%	$836.7M+1.1%	$828.0M-2.5%	$849.2M-21.6%	$1.1B
Cash & Equivalents	$119.7M-12.7%	$137.0M+21.6%	$112.7M+14.7%	$98.2M-55.4%	$220.2M+12.7%	$195.4M+4.3%	$187.3M-53.3%	$400.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$818.1M+1.8%	$804.0M-1.0%	$812.2M-0.3%	$814.3M+5.5%	$771.9M+5.0%	$735.5M+0.2%	$733.7M+16.5%	$629.8M
Total Liabilities	$1.2B+6.5%	$1.1B-4.1%	$1.2B-4.1%	$1.2B+0.5%	$1.2B-4.1%	$1.3B-2.5%	$1.3B+1.0%	$1.3B
Current Liabilities	$535.0M+1.7%	$525.9M-5.3%	$555.4M-4.2%	$579.5M-8.8%	$635.2M-2.1%	$648.6M-1.5%	$658.2M+0.3%	$656.3M
Long-Term Debt	$160.5M+19.5%	$134.3M-12.0%	$152.5M-7.2%	$164.4M-21.7%	$209.9M-9.1%	$230.8M-6.0%	$245.6M+0.7%	$243.8M
Total Equity	$1.7B+1.6%	$1.7B+1.6%	$1.6B+0.2%	$1.6B+0.2%	$1.6B+1.2%	$1.6B-0.8%	$1.6B+0.3%	$1.6B
Retained Earnings	$2.1B+1.0%	$2.1B+0.9%	$2.0B+1.0%	$2.0B+1.6%	$2.0B+1.1%	$2.0B+1.0%	$1.9B+1.5%	$1.9B

HUBG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$194.4M-53.9%	$422.2M-7.9%	$458.2M+81.2%	$252.8M+44.5%	$175.0M-31.3%	$254.5M
Capital Expenditures	$50.8M-63.7%	$140.1M-36.1%	$219.1M+64.8%	$133.0M+15.3%	$115.3M+21.6%	$94.8M
Free Cash Flow	$143.6M-49.1%	$282.1M+18.0%	$239.0M+99.4%	$119.9M+101.0%	$59.6M-62.6%	$159.7M
Investing Cash Flow	-$53.3M+85.7%	-$373.2M-33.8%	-$278.9M-32.7%	-$210.1M-6.7%	-$196.9M-197.7%	-$66.1M
Financing Cash Flow	-$201.3M-35.7%	-$148.4M-182.9%	-$52.5M-607.8%	-$7.4M+66.8%	-$22.3M+72.5%	-$81.1M
Dividends Paid	$30.2M	$0	$0	N/A	N/A	N/A
Share Buybacks	$68.3M-52.5%	$143.8M+91.7%	$75.0M	$0	$0-100.0%	$25.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$28.1M-54.3%	$61.5M-12.2%	$70.0M+11495.2%	$604K-99.1%	$69.9M-13.1%	$80.5M-19.1%	$99.5M-1.8%	$101.3M
Capital Expenditures	$8.7M-22.9%	$11.3M-41.2%	$19.2M+151.6%	$7.6M-44.5%	$13.7M-21.6%	$17.5M-49.1%	$34.4M-14.1%	$40.0M
Free Cash Flow	$19.4M-61.4%	$50.2M-1.2%	$50.8M+824.0%	-$7.0M-112.5%	$56.2M-10.8%	$63.0M-3.2%	$65.1M+6.2%	$61.3M
Investing Cash Flow	-$60.6M-458.2%	-$10.9M+30.2%	-$15.6M+34.0%	-$23.6M-205.6%	-$7.7M+45.2%	-$14.1M+95.1%	-$287.8M-723.3%	-$35.0M
Financing Cash Flow	$15.3M+154.4%	-$28.1M+30.2%	-$40.3M-11.6%	-$36.1M+3.2%	-$37.3M+36.0%	-$58.3M-132.5%	-$25.1M-211.3%	-$8.1M
Dividends Paid	$7.5M0.0%	$7.5M0.0%	$7.5M-0.2%	$7.5M-1.2%	$7.6M-0.3%	$7.6M	$0	$0
Share Buybacks	$0	$0-100.0%	$13.8M	$0-100.0%	$7.2M-72.1%	$25.8M-2.5%	$26.4M+52.5%	$17.3M

HUBG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	16.7%+2.5pp	14.2%+2.0pp	12.2%-2.0pp	14.2%
Operating Margin	3.5%-1.5pp	5.1%-3.8pp	8.9%+3.3pp	5.6%+2.6pp	3.0%-1.1pp	4.2%
Net Margin	2.6%-1.3pp	4.0%-2.7pp	6.7%+2.6pp	4.0%+1.9pp	2.1%-0.8pp	2.9%
Return on Equity	6.3%-3.9pp	10.3%-12.1pp	22.3%+9.5pp	12.8%+6.4pp	6.3%-3.6pp	10.0%
Return on Assets	3.6%-2.1pp	5.7%-7.0pp	12.7%+5.7pp	7.0%+3.6pp	3.5%-1.9pp	5.4%
Current Ratio	1.33+0.0	1.29-0.2	1.53+0.2	1.30+0.0	1.270.0	1.26
Debt-to-Equity	0.10-0.1	0.150.0	0.15+0.0	0.13-0.0	0.15-0.0	0.17
FCF Margin	3.6%-3.1pp	6.7%+2.2pp	4.5%+1.7pp	2.8%+1.1pp	1.7%-2.6pp	4.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	4.2%+0.4pp	3.8%-0.3pp	4.1%+0.8pp	3.2%-0.8pp	4.0%+0.3pp	3.7%+0.7pp	3.0%-1.2pp	4.2%
Net Margin	3.1%+0.3pp	2.8%-0.1pp	2.9%+0.4pp	2.5%-0.4pp	2.9%+0.2pp	2.7%-0.2pp	2.9%-0.1pp	3.0%
Return on Equity	1.7%+0.2pp	1.5%-0.1pp	1.6%+0.1pp	1.5%-0.3pp	1.8%+0.1pp	1.7%-0.1pp	1.8%-0.1pp	1.9%
Return on Assets	1.0%+0.1pp	0.9%-0.1pp	0.9%+0.1pp	0.9%-0.2pp	1.0%+0.1pp	0.9%-0.0pp	1.0%-0.1pp	1.0%
Current Ratio	1.47+0.1	1.42+0.1	1.36+0.0	1.330.0	1.32+0.0	1.28-0.0	1.29-0.4	1.65
Debt-to-Equity	0.09+0.0	0.08-0.0	0.090.0	0.10-0.0	0.13-0.0	0.140.0	0.150.0	0.15
FCF Margin	2.1%-3.5pp	5.5%-0.0pp	5.6%+6.3pp	-0.7%-6.4pp	5.7%-0.6pp	6.3%-0.3pp	6.6%+0.6pp	6.0%

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Frequently Asked Questions

What is Hub Group Inc's annual revenue?

Hub Group Inc (HUBG) reported $3.9B in total revenue for fiscal year 2024. This represents a -6.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hub Group Inc's revenue growing?

Hub Group Inc (HUBG) revenue declined by 6.1% year-over-year, from $4.2B to $3.9B in fiscal year 2024.

Is Hub Group Inc profitable?

Yes, Hub Group Inc (HUBG) reported a net income of $104.0M in fiscal year 2024, with a net profit margin of 2.6%.

What is Hub Group Inc's earnings per share (EPS)?

Hub Group Inc (HUBG) reported diluted earnings per share of $1.70 for fiscal year 2024. This represents a -35.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Hub Group Inc's EBITDA?

Hub Group Inc (HUBG) had EBITDA of $332.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Hub Group Inc have?

As of fiscal year 2024, Hub Group Inc (HUBG) had $98.2M in cash and equivalents against $164.4M in long-term debt.

What is Hub Group Inc's operating margin?

Hub Group Inc (HUBG) had an operating margin of 3.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Hub Group Inc's net profit margin?

Hub Group Inc (HUBG) had a net profit margin of 2.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Hub Group Inc's return on equity (ROE)?

Hub Group Inc (HUBG) has a return on equity of 6.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Hub Group Inc's free cash flow?

Hub Group Inc (HUBG) generated $143.6M in free cash flow during fiscal year 2024. This represents a -49.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hub Group Inc's operating cash flow?

Hub Group Inc (HUBG) generated $194.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Hub Group Inc's total assets?

Hub Group Inc (HUBG) had $2.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Hub Group Inc's capital expenditures?

Hub Group Inc (HUBG) invested $50.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Hub Group Inc buy back shares?

Yes, Hub Group Inc (HUBG) spent $68.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Hub Group Inc's current ratio?

Hub Group Inc (HUBG) had a current ratio of 1.33 as of fiscal year 2024, which is considered adequate.

What is Hub Group Inc's debt-to-equity ratio?

Hub Group Inc (HUBG) had a debt-to-equity ratio of 0.10 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hub Group Inc's return on assets (ROA)?

Hub Group Inc (HUBG) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Hub Group Inc's Altman Z-Score?

Hub Group Inc (HUBG) has an Altman Z-Score of 3.79, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Hub Group Inc's Piotroski F-Score?

Hub Group Inc (HUBG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hub Group Inc's earnings high quality?

Hub Group Inc (HUBG) has an earnings quality ratio of 1.87x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Hub Group Inc cover its interest payments?

Hub Group Inc (HUBG) has an interest coverage ratio of 9.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Hub Group Inc?

Hub Group Inc (HUBG) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.