📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding HUBG

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	146.7K	$5.3M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Cautious ↓ Deteriorating 4 quarters analysed

Q1 2025

Confident Vague

Management expresses pride in operational improvements and cost control (e.g., '40 basis point improvement in operating margins', 'executing well in bid season') but repeatedly qualifies statements with tariff uncertainty ('it remains unclear', 'magnitude remains uncertain', 'we haven’t seen it yet'), blending assuredness with deliberate ambiguity.

Q2 2025

Mixed

The tone is cautiously optimistic: management highlights cost savings, new business wins, and early peak season strength, but also acknowledges a challenging demand environment, lowers the upper end of guidance, and avoids quantifying the impact of key uncertainties like peak surcharges and the UP/NS merger.

Q3 2025

Cautious

Management tempered expectations for Q4 citing 'muted demands and continued low visibility' and referred to a 'challenging freight recession' despite some positive intermodal trends. The tone is guarded about near-term demand but optimistic about long-term strategic opportunities.

Q4 2025 latest

Cautious

Management repeatedly described the market as 'challenging', said 'it is too early to determine whether a sustained market inflection is imminent', and emphasized 'caution' while also highlighting 'cautiously optimistic' demand. The opening disclosure of a significant accounting error further tempers confidence.

Guidance Reliability Pending · <3Q data

Investor Lens

The accounting error introduces near-term uncertainty and may raise governance concerns, but the company's strong balance sheet and cash flow provide a buffer. The core intermodal business continues to gain share and deliver record service, positioning it well for a recovery. However, the lack of specific margin guidance and ongoing headwinds in brokerage and dedicated temper near-term optimism. Watch for resolution of the restatement and sustainable volume growth in intermodal to validate the bullish bid season commentary. The investment thesis is slightly weaker due to the error, but remains intact if execution continues.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Cautious ↓ Deteriorating 4 quarters Full tone analysis in Intelligence →

📊 MIXED Hub Group reports 2025 revenue of $3.7B, cash flow $194M, net debt $116M.

Revenue & Profitability

Preliminary 2025 consolidated operating revenue was $3.7 billion, a 7% decrease year-over-year. ITS segment revenue was approximately $2.2 billion, Logistics segment approximately $1.6 billion. Preliminary cash flow from operations was $194 million. Debt at December 31, 2025 totaled $229 million; cash was $113 million, resulting in net debt of $116 million. An accounting error was identified that will increase purchased transportation costs for the first nine months of 2025, but there is no expected impact on total cash or operating cash flow.

Outlook

Management is cautiously optimistic about 2026, citing signs of capacity tightening due to regulatory enforcement and cost inflation forcing out undercapitalized carriers. Demand and inventory levels remain balanced, though weather and tariff uncertainties persist. It is too early to determine if a sustained market inflection is imminent, but the company expects supply and demand to move toward equilibrium. 2026 revenue is projected between $3.65 billion and $3.95 billion.

Growth Drivers

Key growth drivers include intermodal volume growth supported by record service and rail consolidation expected in 2027. In Q4, intermodal volumes grew 1% year-over-year, with Mexico volumes up 33% and refrigerated up 150%. Dedicated has a strong pipeline of opportunities with existing clients. Logistics growth is driven by new business wins in final mile and managed transportation, partially offset by brokerage volume pressure.

Balance Sheet & CapEx

2026 capital expenditures are guided at $35-$45 million, focusing on technology projects and opportunistic tractor replacements to benefit from favorable purchase terms and bonus depreciation. No new container purchases are planned for 2026. Full year 2025 CapEx was approximately $45 million, in line with prior estimates. Integrations of recent acquisitions (Marten Intermodal assets, SITH LLC) are complete and performing well.

Margins

Not discussed explicitly in this call. The company highlighted focus on cost management, operational discipline, and productivity improvements across segments. The accounting error will adjust purchased transportation costs but margin percentages were not provided. Management expects recovering profitability in logistics led by final mile and managed transportation.

Key Risks

Key risks include: the accounting error requiring restatement of 2025 quarterly results; ongoing market softness and oversupply of capacity; tariff uncertainties and winter storm impacts on volumes; onboarding delays in final mile; and uncertainty about a sustained market inflection. Management also flagged potential negative mix and lost sites in dedicated and brokerage.

Generated by AI · Q4 2025 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q4 2025 Q4 2025 2026-02-05

Preliminary 2025 results show a 7% revenue decline amid challenging market conditions and an accounting correction, but strong service, cost control, and cash flow. 2026 guidance projects stable to modestly higher revenue, with continued focus on intermodal growth and capital discipline.

Q3 2025 Q3 2025 2025-10-30

Third quarter revenue declined 5% year-over-year but improved sequentially, with margin gains driven by cost controls, acquisitions, and strong intermodal performance. Guidance for 2025 was narrowed due to muted demand, but investments and new business wins position the company for growth as market conditions improve.

Q2 2025 Q2 2025 2025-07-31

Q2 2025 saw revenue and earnings decline year-over-year amid tariff-driven headwinds, but cost controls, new business wins in final mile, and the Martin Transport acquisition support margin resilience and future growth. Guidance reflects uncertainty around peak season and new business timing.

Q1 2025 Q1 2025 2025-05-08

Q1 2025 saw an 8% drop in revenue but improved operating margins and strong intermodal volume growth, especially in Mexico and the East. Cost controls, a $40 million reduction program, and a robust balance sheet support guidance for full-year EPS of $1.75-$2.25 and revenue of $3.6-$4 billion.

Q4 2024 Q4 2024 2025-02-06

Q4 2024 saw strong intermodal volume growth and improved margins despite industry headwinds, with full-year revenue of $4B and significant shareholder returns. 2025 guidance anticipates higher intermodal volumes, modest price increases, and continued cost discipline.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.