JBHT: Not rated
Published 15 Sep 2026, 14:52 BST. This is the frozen version, not the current recommendation.
Why this assessment was issued
First recorded assessment. Current data checks do not support an active rating.
A target is not published until the required checks pass. A positive weekly close from the last 14 days is required.
Supporting evidence
Year-to-date profit has improved
Across 2 completed quarters since 2025-12-31, net income was 322.6m versus 246.4m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.
More cash remains for each dollar of profit
Cash after capital spending / profit: 1.6× for JBHT, against 1.2× across 7 comparable peers.
Opposing evidence
No opposing finding was recorded. This does not establish an absence of risk.
Original assumptions and checks
Recent price · Review needed. A positive weekly close from the last 14 days is required.
Current financials · Passed. Statements through 2026-06-30; factor prices dated 2026-09-11.
Price risk · Review needed. 52 consecutive weekly price changes are required.
Operating history · Passed. 5 annual results, retaining operating losses and unusually strong years.
Quarterly operating results · Passed. Four quarters through 2026-06-30.
Cash-flow and ownership inputs · Passed. Capital spending, depreciation estimate, operating capital, debt, cash and other ownership claims are recorded.
Depreciation basis · Passed. Four matching quarters of operating income and reported depreciation are required. An unrelated EBITDA-minus-EBIT difference is not treated as depreciation.
Matching currency · Passed. USD statements and share price.
Price observations · Review needed. Prices must be positive, finite, in date order and have no duplicate weeks.
Price date · Review needed. The latest completed close must be no more than 14 days old.
Policy sm-review-2-research · Model sm-assessment-12-rating-balance · Data a88edbbfb4ce.