JB Hunt Transport Services Inc (JBHT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	7,292,620	7,592,430	8,168,040	8,765,820	9,196,620	9,348,080	8,996,850	8,468,170	7,813,070	8,252,540	7,772,430	7,189,910	6,924,540	6,637,210	6,528,960	6,601,740	6,469,160	6,336,680	6,266,750	6,272,320
Revenue (ttm)	US$ in thousands	12,747,130	13,119,770	13,793,300	14,499,970	14,784,890	14,626,330	13,934,470	13,006,090	12,117,390	11,371,780	10,700,040	9,936,910	9,599,420	9,312,090	9,202,630	9,316,330	9,123,180	8,990,700	8,838,860	8,721,150
Gross profit margin		57.21%	57.87%	59.22%	60.45%	62.20%	63.91%	64.57%	65.11%	64.48%	72.57%	72.64%	72.36%	72.13%	71.28%	70.95%	70.86%	70.91%	70.48%	70.90%	71.92%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,292,620K ÷ $12,747,130K
= 57.21%

The gross profit margin of J.B. Hunt Transport Services, Inc. has shown a slight fluctuation over the past eight quarters, ranging from a high of 95.34% in Q1 2022 to a low of 93.55% in Q1 2023. Generally speaking, the company has maintained a strong gross profit margin above 93% in most quarters, indicating efficient management of production costs and pricing strategies to generate profits from its core transportation services. The minor variations in the gross profit margin suggest that J.B. Hunt Transport Services, Inc. has been able to effectively control its direct costs related to revenue generation. By focusing on sustaining and potentially improving this metric, the company can continue to enhance its overall profitability and financial performance.