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Hub Group (HUBG) earnings and revenue breakdown
Latest: Q3 2025 · 10-Q filed Nov 5, 2025 · Hub Group (HUBG) Q3 2025 earnings results →
Q3 2025 Revenue down 5% year over year to $934M · 3¢ of every $1 of revenue kept as net profit · operating margin 4.2%
Hub Group made $934M in Q3 2025 (-5% Y/Y). Operating margin 4.2%, net earnings $28.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2025.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $934.5M in Q3 2025, down 5% year over year and up 3% from the previous quarter.
Operating profit was $39.4M, a 4.2% margin (up 1.0 points year over year). Total costs fell 6% while revenue fell 5%. Net earnings were $28.6M, up 21% year over year. The effective tax rate was 24.9%.
Operating cash flow was $28.1M (down 35% year over year), 97% of net earnings. Non-cash charges added back $46.4M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $52.3M. Capital expenditures of $8.7M left free cash flow of $19.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2025 | 10-Q | Nov 5, 2025 | $934M | -5% | 4.2% | $28.9M | $28.1M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $906M | -8% | 3.8% | $25.0M | $61.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $915M | -8% | 4.1% | $27.2M | $70.0M |
| Q4 2024 | 10-K | Feb 25, 2025 | $974M | -1% | 3.2% | $24.4M | $604K |
| Q3 2024 | 10-Q | Nov 1, 2024 | $987M | -4% | 3.3% | $23.6M | $43.4M |
| Q2 2024 | 10-Q | Aug 2, 2024 | $986M | -5% | 4.0% | $29.0M | $69.9M |
| Q4 2023 | 10-K | Feb 27, 2024 | $985M | -23% | 3.0% | $28.8M | $99.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Hub Group
Hub Group, Inc. (the “Company”, “Hub”, “we”, “us” or “our”) is a leading supply chain solutions provider that offers comprehensive transportation and logistics management services focused on reliability, visibility and value for our customers. Our mission is to continuously elevate each customer’s business to drive long term success. Our vision is to build the industry’s premier supply chain solution. Our service offerings include a full range of freight transportation and logistics services, some of which are provided using assets we own and operate, and some of which are provided by third parties with whom we contract. We have two reportable segments: Intermodal and Transportation Solutions (“ITS”) and Logistics which are based primarily on the services each segment provides. Our ITS segment includes our intermodal and dedicated trucking.
In its own words, from its 10-K, filed Feb 25, 2025.
Hub Group against its Arrangement of Transportation of Freight & Cargo peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -5% against the peers' median +18%. Operating margin: 4.2% against the peers' median 4.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HUBG Hub Group | Q3 2025 | $934M | -5% | 4.2% |
| CHRW C. H. Robinson Worldwide | Q3 2026 | $5.4B | +30% | 5.1% |
| EXPD Expeditors International of Washington | Q3 2026 | $4.1B | +42% | 10.8% |
| BCO Brinks | Q3 2026 | $1.4B | +3% | 9.5% |
| FWRD Forward Air | Q2 2026 | $673M | +9% | -29.9% |
| RLGT Radiant Logistics | Q4 FY26 | $261M | +18% | 3.3% |
| SGLY Singularity Future Technology | Q4 FY26 | $834K | +76% | -59.7% |
| QNME Quanome Technologies | Q4 FY26 | $742K | -64% | -915.5% |
Source: Hub Group 10-Q on SEC EDGAR · CIK 940942 · Arrangement of Transportation of Freight & Cargo
13F: who owns HUBG and who is buying
More on HUBG
History
Every quarter: Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results · Q3 2024 results · Q2 2024 results · Q4 2023 results