Hub Group, Inc.
HUBG · Arrangement of Transportation of Freight & Cargo · 37.3M shares · +19%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $55M (gross $75M, SBC $20M)
Reference price $43.68 · est. market cap ~$1.6B — last insider sale, 2025-12-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66Scaled but mid-pack intermodal/logistics provider with clean balance sheet but unremarkable returns.
Strengths
- Low leverage (debt-to-equity 0.10, 27.7th pct) and solid free cash flow (70th pct)
- ROA 66.7th pct and operating/net margins around 62nd pct — modestly above median
- Diversified multi-modal franchise, one of the largest North American freight providers
Risks
- ROE only 6.3% (44th pct) — sub-par equity returns
- Heavy customer and railroad concentration (top 10 customers ~44%, reliance on two railroads)
- Cyclical freight market with pricing pressure and driver/capacity constraints
Notable findings
- RestatementRecent 8-K item 4.02 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~68% of revenue from one customer/distributor — Hub’s top 50 customers represent approximately 68% of revenue for fiscal 2024 while one customer accounted for more than 10% of our annual revenue in 2024 in both segments
- Chronic dilutionShare count +19%/yr over 4y (dilution, book value/share -29%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
3.6%
Net margin
2.6%
Return on equity
6.3%
Return on assets
3.6%
ROIC
6.1%
Revenue growth (QoQ)
3.2%
Net-income growth
-37.9%
Debt / equity
0.1×
Net debt / EBITDA
0.2×
Current ratio
1.3×
Free cash flow
$144M
EBITDA
$333M
Tangible book value
$563M
Cash & investments
$98M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-01 | Mathews Dennis P. | Tax withheld | 111 | $36.61 |
| 2026-01-02 | SLARK MARTIN P | Tax withheld | 1.7K | $42.75 |
| 2026-01-02 | SLARK MARTIN P | Grant | 4.7K | — |
| 2026-01-02 | LaFrance Thomas P. | Tax withheld | 8.4K | $42.75 |
| 2026-01-02 | LaFrance Thomas P. | Grant | 14K | — |
| 2026-01-02 | Boosalis Mary H | Tax withheld | 1.7K | $42.75 |
| 2026-01-02 | Boosalis Mary H | Grant | 4.7K | — |
| 2026-01-02 | Yablon Gary | Grant | 4.7K | — |
| 2026-01-02 | FLANNERY MICHAEL E | Grant | 4.7K | — |
| 2026-01-02 | Kenny James C. | Tax withheld | 1.7K | $42.75 |
| 2026-01-02 | Kenny James C. | Grant | 4.7K | — |
| 2026-01-02 | MCNITT PETER | Tax withheld | 1.7K | $42.75 |
| 2026-01-02 | MCNITT PETER | Grant | 4.7K | — |
| 2026-01-02 | Ross Jenell | Tax withheld | 1.7K | $42.75 |
| 2026-01-02 | Ross Jenell | Grant | 4.7K | — |
| 2026-01-02 | Yeager Phillip D | Tax withheld | 30K | $42.75 |
| 2026-01-02 | Yeager Phillip D | Grant | 44K | — |
| 2026-01-02 | Yeager Phillip D | Grant | 43K | — |
| 2026-01-02 | YEAGER DAVID P | Tax withheld | 29K | $42.75 |
| 2026-01-02 | YEAGER DAVID P | Grant | 41K | — |
| 2026-01-02 | YEAGER DAVID P | Grant | 20K | — |
| 2026-01-02 | Beth Kevin | Tax withheld | 7.0K | $42.75 |
| 2026-01-02 | Beth Kevin | Grant | 10K | — |
| 2026-01-02 | Beth Kevin | Grant | 12K | — |
| 2026-01-02 | Meents Brian | Tax withheld | 6.7K | $42.75 |
| 2026-01-02 | Meents Brian | Grant | 10K | — |
| 2026-01-02 | Meents Brian | Grant | 11K | — |
| 2026-01-02 | Bansal Dhruv | Tax withheld | 8.3K | $42.75 |
| 2026-01-02 | Bansal Dhruv | Grant | 14K | — |
| 2026-01-02 | Bansal Dhruv | Grant | 11K | — |
| 2026-01-02 | Mathews Dennis P. | Tax withheld | 107 | $42.75 |
| 2026-01-02 | Mathews Dennis P. | Grant | 4.7K | — |
| 2025-12-11 | Yeager Phillip D | Sell | 32K | $43.68 |
| 2025-12-11 | Yablon Gary | Buy | 4.6K | $43.73 |
| 2025-11-18 | Yeager Phillip D | Gift | 2.8K | — |
| 2025-10-24 | Mathews Dennis P. | Grant | 2.8K | — |
| 2025-10-24 | Bansal Dhruv | Tax withheld | 229 | $35.62 |
| 2025-04-01 | Rhodes Brent Michael | Tax withheld | 283 | $37.22 |
| 2025-02-11 | YEAGER DAVID P | Gift | 1.2K | — |
| 2025-01-03 | YEAGER DAVID P | Tax withheld | 13K | $44.17 |
| 2025-01-03 | YEAGER DAVID P | Grant | 29K | — |
| 2025-01-03 | YEAGER DAVID P | Grant | 19K | — |
| 2025-01-03 | Yeager Phillip D | Tax withheld | 9.0K | $44.17 |
| 2025-01-03 | Yeager Phillip D | Grant | 21K | — |
| 2025-01-03 | Yeager Phillip D | Grant | 38K | — |
| 2025-01-03 | Meents Brian | Tax withheld | 1.2K | $44.17 |
| 2025-01-03 | Meents Brian | Grant | 4.0K | — |
| 2025-01-03 | Meents Brian | Grant | 6.8K | — |
| 2025-01-03 | Rhodes Brent Michael | Grant | 4.5K | — |
| 2025-01-03 | LaFrance Thomas P. | Tax withheld | 1.7K | $44.17 |
| 2025-01-03 | LaFrance Thomas P. | Grant | 7.2K | — |
| 2025-01-03 | LaFrance Thomas P. | Grant | 6.2K | — |
| 2025-01-03 | Beth Kevin | Tax withheld | 2.2K | $44.17 |
| 2025-01-03 | Beth Kevin | Grant | 4.5K | — |
| 2025-01-03 | Beth Kevin | Grant | 9.1K | — |
| 2025-01-03 | Bansal Dhruv | Tax withheld | 1.3K | $44.17 |
| 2025-01-03 | Bansal Dhruv | Grant | 2.5K | — |
| 2025-01-03 | Bansal Dhruv | Grant | 9.1K | — |
| 2025-01-03 | Yablon Gary | Grant | 4.5K | — |
| 2025-01-03 | SLARK MARTIN P | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | SLARK MARTIN P | Grant | 4.5K | — |
| 2025-01-03 | Ross Jenell | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | Ross Jenell | Grant | 4.5K | — |
| 2025-01-03 | MCNITT PETER | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | MCNITT PETER | Grant | 4.5K | — |
| 2025-01-03 | Kenny James C. | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | Kenny James C. | Grant | 4.5K | — |
| 2025-01-03 | FLANNERY MICHAEL E | Grant | 4.5K | — |
| 2025-01-03 | Dykstra Lisa | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | Dykstra Lisa | Grant | 4.5K | — |
| 2025-01-03 | Boosalis Mary H | Tax withheld | 1.6K | $44.17 |
| 2025-01-03 | Boosalis Mary H | Grant | 4.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Exec/director changeExhibits | filing ↗ |
| 2026-06-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-21 | Delisting noticeReg FDExhibits | filing ↗ |
| 2026-05-12 | Non-reliance/restatement | filing ↗ |
| 2026-03-24 | Material agreementDelisting noticeReg FDExhibits | filing ↗ |
| 2026-02-05 | ResultsNon-reliance/restatementExhibits | filing ↗ |
| 2025-10-30 | ResultsExhibits | filing ↗ |
| 2025-10-03 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-06-26 | 2026-05-27 | 0001193125-26-285570 ↗ |
| 8-K | 2026-06-02 | 2026-05-27 | 0001193125-26-253759 ↗ |
| 8-K | 2026-05-21 | 2026-05-19 | 0001193125-26-234605 ↗ |
| 8-K | 2026-05-12 | 2026-05-11 | 0001193125-26-218141 ↗ |
| 8-K | 2026-03-24 | 2026-03-19 | 0001193125-26-121851 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001193125-26-039396 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001193125-25-266623 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001171843-25-006834 ↗ |
| 8-K | 2025-10-03 | 2025-10-03 | 0001171843-25-006269 ↗ |
| 8-K | 2025-09-23 | 2025-09-18 | 0001171843-25-006038 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000950170-25-103905 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001171843-25-004921 ↗ |