Latest Ratios: P/E Ratio 26.4x · EV/EBITDA 9.4x · ROE 6.3%. (1996–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.7B | $2.9B | $2.7B | $2.9B | $1.9B | $1.7B | $1.2B | $1.6B | $1.5B | $1.2B |
| Enterprise Value | $3.1B | $3.1B | $3.3B | $2.8B | $3.0B | $2.1B | $1.9B | $1.5B | $1.9B | $1.5B | $1.1B |
| P/E Ratio → | 26.44 | 26.21 | 17.55 | 7.47 | 16.65 | 25.91 | 16.03 | 6.16 | 5.91 | 9.95 | 8.37 |
| P/S Ratio | 0.69 | 0.69 | 0.70 | 0.50 | 0.67 | 0.55 | 0.47 | 0.34 | 0.40 | 0.42 | 0.34 |
| P/B Ratio | 1.62 | 1.61 | 1.80 | 1.67 | 2.13 | 1.65 | 1.60 | 1.27 | 2.07 | 2.36 | 1.83 |
| P/FCF | 18.96 | 18.96 | 10.42 | 11.16 | 23.82 | 32.05 | 10.76 | 112.64 | 31.52 | — | 13.37 |
| P/OCF | 14.00 | 14.00 | 6.96 | 5.82 | 11.29 | 10.93 | 6.75 | 5.90 | 12.76 | 14.50 | 6.90 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.79 | 0.79 | 0.53 | 0.72 | 0.61 | 0.51 | 0.41 | 0.46 | 0.43 | 0.32 |
| EV / EBITDA | 9.41 | 9.41 | 8.39 | 4.51 | 8.21 | 9.23 | 7.00 | 7.29 | 11.79 | 9.09 | 7.31 |
| EV / EBIT | 22.33 | 21.31 | 14.95 | 5.96 | 13.82 | 20.09 | 11.98 | 12.04 | 25.75 | 15.69 | 9.63 |
| EV / FCF | — | 21.82 | 11.80 | 11.85 | 25.28 | 35.51 | 11.80 | 137.70 | 36.93 | — | 12.71 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.4% | 85.4% | 12.0% | 16.7% | 14.2% | 12.2% | 14.2% | 12.1% | 11.3% | 12.7% | 11.7% |
| Operating Margin | 3.6% | 3.6% | 5.1% | 8.9% | 5.6% | 3.0% | 4.2% | 3.4% | 2.4% | 3.5% | 3.3% |
| Net Profit Margin | 2.6% | 2.6% | 4.0% | 6.7% | 4.1% | 2.1% | 2.9% | 5.5% | 3.3% | 2.1% | 2.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 10.4% | 24.3% | 13.7% | 6.6% | 10.4% | 23.0% | 19.3% | 11.7% | 11.4% |
| ROA | 3.6% | 3.6% | 5.7% | 13.4% | 7.5% | 3.6% | 5.5% | 11.2% | 8.9% | 5.6% | 5.6% |
| ROIC | 5.1% | 5.1% | 8.4% | 21.7% | 12.4% | 6.1% | 9.1% | 8.1% | 8.4% | 14.7% | 14.7% |
| ROCE | 6.1% | 6.1% | 9.5% | 24.0% | 14.3% | 6.9% | 10.6% | 9.8% | 9.3% | 13.1% | 13.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.35 | 0.28 | 0.25 | 0.29 | 0.31 | 0.34 | 0.39 | 0.28 | 0.23 |
| Debt / EBITDA | 1.53 | 1.53 | 1.45 | 0.72 | 0.91 | 1.44 | 1.24 | 1.62 | 1.91 | 1.03 | 0.97 |
| Net Debt / Equity | — | 0.24 | 0.24 | 0.10 | 0.13 | 0.18 | 0.15 | 0.28 | 0.36 | 0.07 | -0.09 |
| Net Debt / EBITDA | 1.23 | 1.23 | 0.98 | 0.26 | 0.47 | 0.90 | 0.62 | 1.33 | 1.73 | 0.28 | -0.38 |
| Debt / FCF | — | 2.86 | 1.38 | 0.69 | 1.46 | 3.45 | 1.04 | 25.07 | 5.41 | — | -0.66 |
| Interest Coverage | 10.16 | 10.16 | 16.57 | 63.34 | 30.01 | 10.82 | 14.30 | 13.14 | 10.76 | 26.94 | 39.39 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.33 | 1.33 | 1.29 | 1.53 | 1.30 | 1.27 | 1.26 | 1.12 | 1.24 | 1.49 | 1.74 |
| Quick Ratio | 1.33 | 1.33 | 1.29 | 1.53 | 1.30 | 1.27 | 1.26 | 1.12 | 1.22 | 1.49 | 1.72 |
| Cash Ratio | 0.17 | 0.17 | 0.28 | 0.41 | 0.23 | 0.24 | 0.33 | 0.12 | 0.05 | 0.30 | 0.58 |
| Asset Turnover | — | 1.38 | 1.43 | 1.84 | 1.74 | 1.66 | 1.84 | 1.91 | 2.41 | 2.63 | 2.71 |
| Inventory Turnover | — | — | — | — | 1658.03 | 2298.06 | 4995.31 | 5256.48 | 295.94 | 10605.46 | 354.79 |
| Days Sales Outstanding | — | 54.79 | 52.42 | 49.22 | 60.76 | 54.32 | 44.46 | 49.46 | 38.93 | 48.83 | 40.41 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.1% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 29.1% | 29.1% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 3.8% | 5.7% | 13.4% | 6.0% | 3.9% | 6.2% | 16.2% | 16.9% | 10.1% | 12.0% |
| FCF Yield | 5.3% | 5.3% | 9.6% | 9.0% | 4.2% | 3.1% | 9.3% | 0.9% | 3.2% | — | 7.5% |
| Buyback Yield | 2.9% | 2.9% | 5.2% | 4.4% | 0.3% | 0.4% | 1.7% | 0.3% | 0.2% | 6.9% | 2.7% |
| Total Shareholder Yield | 4.0% | 4.0% | 5.2% | 4.4% | 0.3% | 0.4% | 1.7% | 0.3% | 0.2% | 6.9% | 2.7% |
| Shares Outstanding | — | $61M | $64M | $67M | $68M | $67M | $67M | $67M | $67M | $68M | $72M |
Freight recession volume sensitivity
According to current market data, Hub Group trades at a forward P/E of 30.43, which appears disconnected from its recent performance, as reported in financial statements, where revenue growth has remained negative for ten consecutive quarters, suggesting the market may be pricing in a recovery that remains elusive.
The current valuation premium relative to the company's own historical averages and the broader industrial sector suggests that investors are assigning significant weight to a potential cyclical turnaround. However, given the persistent contraction in top-line results, this multiple may be vulnerable to downward revision if the anticipated rebound in intermodal volumes fails to materialize in the coming quarters.
Based on reported figures, Hub Group's ROIC has trended downward to 1.4% in 2025Q3, a significant decline from the 2.5% level observed in 2023Q2, indicating that the company is struggling to generate adequate returns on its invested capital during the current prolonged freight market downturn.
The erosion of ROIC reflects the dual impact of margin compression and the underutilization of the company's asset-heavy intermodal infrastructure. Investors should monitor whether management can improve asset turnover, as the current trend suggests that capital allocation is failing to outpace the cost of capital in the current high-interest environment.
As indicated by recent quarterly filings, Hub Group's asset turnover has remained stagnant at 0.33 in 2025Q3, while DSO has hovered near 57 days, revealing that the company is facing persistent challenges in accelerating cash conversion cycles amidst a difficult operating environment for integrated freight providers.
The inability to improve asset turnover suggests that the company's specialized trailing equipment is not being utilized at optimal capacity, likely due to the broader shift toward over-the-road trucking. This inefficiency, combined with stagnant collection cycles, places additional strain on the company's ability to generate free cash flow during periods of low freight demand.
As reported in financial statements, Hub Group maintains a modest debt-to-equity ratio of 0.28 as of 2025Q3, which provides a necessary defensive buffer against the volatility of the freight cycle, even as interest coverage has tightened to 13.73 times from its previous peak of 20.61 times.
While the company's balance sheet remains healthy compared to more leveraged industry peers, the decline in interest coverage warrants close monitoring as operating margins continue to face pressure. This conservative capital structure appears to be a deliberate strategy to preserve financial flexibility, though it may limit the company's ability to aggressively pursue market share gains through debt-funded acquisitions.
Based on an analysis of reported financial data, the gross margin metric is frequently misapplied to Hub Group, as the reported figures fluctuate wildly between 7% and 84% due to inconsistent accounting of purchased transportation costs, which obscures the company's true underlying profitability and value-add.
Analysts should instead focus on 'Net Revenue'—defined as total revenue minus purchased transportation—to accurately assess the company's margin profile and operational efficiency. Relying on headline gross margins without this adjustment leads to flawed conclusions regarding the company's ability to pass through costs and manage its core logistics services.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying HUBG stock.
Hub Group, Inc.'s current P/E ratio is 26.4x. The historical average is 14.8x. This places it at the 97th percentile of its historical range.
Hub Group, Inc.'s current EV/EBITDA is 9.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
Hub Group, Inc.'s return on equity (ROE) is 6.3%. The historical average is 11.9%.
Based on historical data, Hub Group, Inc. is trading at a P/E of 26.4x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hub Group, Inc.'s current dividend yield is 1.10% with a payout ratio of 29.1%.
Hub Group, Inc. has 85.4% gross margin and 3.6% operating margin.
Hub Group, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.