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Side-by-side financial comparison of J.B. Hunt (JBHT) and M&T Bank (MTB). Click either name above to swap in a different company.

J.B. Hunt is the larger business by last-quarter revenue ($3.1B vs $2.5B, roughly 1.3× M&T Bank). M&T Bank runs the higher net margin — 30.7% vs 5.8%, a 24.8% gap on every dollar of revenue. On growth, M&T Bank posted the faster year-over-year revenue change (3.8% vs -1.6%). Over the past eight quarters, M&T Bank's revenue compounded faster (4.6% CAGR vs 2.6%).

J.B. Hunt Transport Services, Inc. is an American transportation and logistics company based in Lowell, Arkansas. It was founded by Johnnie Bryan Hunt and Johnelle Hunt in Arkansas on August 10, 1961. By 1983, J.B. Hunt had grown into the 80th largest trucking firm in the US, with $623.47 million in revenue. At that time J.B. Hunt operated 550 tractors, 1,049 trailers, and had roughly 1,050 employees. J.B.

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

JBHT vs MTB — Head-to-Head

Bigger by revenue
JBHT
JBHT
1.3× larger
JBHT
$3.1B
$2.5B
MTB
Growing faster (revenue YoY)
MTB
MTB
+5.4% gap
MTB
3.8%
-1.6%
JBHT
Higher net margin
MTB
MTB
24.8% more per $
MTB
30.7%
5.8%
JBHT
Faster 2-yr revenue CAGR
MTB
MTB
Annualised
MTB
4.6%
2.6%
JBHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBHT
JBHT
MTB
MTB
Revenue
$3.1B
$2.5B
Net Profit
$181.1M
$759.0M
Gross Margin
Operating Margin
8.0%
39.2%
Net Margin
5.8%
30.7%
Revenue YoY
-1.6%
3.8%
Net Profit YoY
16.5%
11.5%
EPS (diluted)
$1.88
$4.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JBHT
JBHT
MTB
MTB
Q4 25
$3.1B
$2.5B
Q3 25
$3.1B
$2.5B
Q2 25
$2.9B
$2.4B
Q1 25
$2.9B
$2.3B
Q4 24
$3.1B
$2.4B
Q3 24
$3.1B
$2.3B
Q2 24
$2.9B
$2.3B
Q1 24
$2.9B
$2.3B
Net Profit
JBHT
JBHT
MTB
MTB
Q4 25
$181.1M
$759.0M
Q3 25
$170.8M
$792.0M
Q2 25
$128.6M
$716.0M
Q1 25
$117.7M
$584.0M
Q4 24
$155.5M
$681.0M
Q3 24
$152.1M
$721.0M
Q2 24
$135.9M
$655.0M
Q1 24
$127.5M
$531.0M
Operating Margin
JBHT
JBHT
MTB
MTB
Q4 25
8.0%
39.2%
Q3 25
7.9%
40.8%
Q2 25
6.7%
39.0%
Q1 25
6.1%
33.0%
Q4 24
6.6%
37.0%
Q3 24
7.3%
39.0%
Q2 24
7.0%
37.1%
Q1 24
6.6%
29.4%
Net Margin
JBHT
JBHT
MTB
MTB
Q4 25
5.8%
30.7%
Q3 25
5.6%
31.5%
Q2 25
4.4%
29.9%
Q1 25
4.0%
25.3%
Q4 24
4.9%
28.6%
Q3 24
5.0%
30.9%
Q2 24
4.6%
28.5%
Q1 24
4.3%
23.5%
EPS (diluted)
JBHT
JBHT
MTB
MTB
Q4 25
$1.88
$4.62
Q3 25
$1.76
$4.82
Q2 25
$1.31
$4.24
Q1 25
$1.17
$3.32
Q4 24
$1.53
$3.87
Q3 24
$1.49
$4.02
Q2 24
$1.32
$3.73
Q1 24
$1.22
$3.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JBHT
JBHT
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$17.3M
Total DebtLower is stronger
$10.9B
Stockholders' EquityBook value
$3.6B
$29.2B
Total Assets
$7.9B
$213.5B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBHT
JBHT
MTB
MTB
Q4 25
$17.3M
Q3 25
$52.3M
Q2 25
$50.9M
Q1 25
$43.4M
Q4 24
$47.0M
Q3 24
$120.0M
Q2 24
$53.5M
Q1 24
$64.2M
Total Debt
JBHT
JBHT
MTB
MTB
Q4 25
$10.9B
Q3 25
$12.9B
Q2 25
$12.4B
Q1 25
$10.5B
Q4 24
$977.7M
$12.6B
Q3 24
$1.0B
$11.6B
Q2 24
$1.5B
$11.3B
Q1 24
$1.4B
$11.4B
Stockholders' Equity
JBHT
JBHT
MTB
MTB
Q4 25
$3.6B
$29.2B
Q3 25
$3.6B
$28.7B
Q2 25
$3.7B
$28.5B
Q1 25
$3.9B
$29.0B
Q4 24
$4.0B
$29.0B
Q3 24
$4.0B
$28.9B
Q2 24
$4.1B
$28.4B
Q1 24
$4.2B
$27.2B
Total Assets
JBHT
JBHT
MTB
MTB
Q4 25
$7.9B
$213.5B
Q3 25
$8.1B
$211.3B
Q2 25
$8.2B
$211.6B
Q1 25
$8.3B
$210.3B
Q4 24
$8.3B
$208.1B
Q3 24
$8.3B
$211.8B
Q2 24
$8.4B
$208.9B
Q1 24
$8.4B
$215.1B
Debt / Equity
JBHT
JBHT
MTB
MTB
Q4 25
0.37×
Q3 25
0.45×
Q2 25
0.43×
Q1 25
0.36×
Q4 24
0.24×
0.43×
Q3 24
0.26×
0.40×
Q2 24
0.36×
0.40×
Q1 24
0.33×
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JBHT
JBHT
MTB
MTB
Operating Cash FlowLast quarter
$385.6M
$3.0B
Free Cash FlowOCF − Capex
$251.3M
FCF MarginFCF / Revenue
8.1%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
2.13×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$947.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBHT
JBHT
MTB
MTB
Q4 25
$385.6M
$3.0B
Q3 25
$486.4M
$1.0B
Q2 25
$402.1M
$844.0M
Q1 25
$404.2M
$635.0M
Q4 24
$317.6M
$3.6B
Q3 24
$338.5M
$-28.0M
Q2 24
$360.6M
$1.4B
Q1 24
$466.5M
$608.0M
Free Cash Flow
JBHT
JBHT
MTB
MTB
Q4 25
$251.3M
Q3 25
$352.4M
Q2 25
$185.6M
Q1 25
$158.4M
Q4 24
$93.3M
Q3 24
$163.1M
Q2 24
$98.2M
Q1 24
$263.1M
FCF Margin
JBHT
JBHT
MTB
MTB
Q4 25
8.1%
Q3 25
11.5%
Q2 25
6.3%
Q1 25
5.4%
Q4 24
3.0%
Q3 24
5.3%
Q2 24
3.4%
Q1 24
8.9%
Capex Intensity
JBHT
JBHT
MTB
MTB
Q4 25
4.3%
Q3 25
4.4%
Q2 25
7.4%
Q1 25
8.4%
Q4 24
7.1%
Q3 24
5.7%
Q2 24
9.0%
Q1 24
6.9%
Cash Conversion
JBHT
JBHT
MTB
MTB
Q4 25
2.13×
3.96×
Q3 25
2.85×
1.26×
Q2 25
3.13×
1.18×
Q1 25
3.43×
1.09×
Q4 24
2.04×
5.30×
Q3 24
2.23×
-0.04×
Q2 24
2.65×
2.07×
Q1 24
3.66×
1.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JBHT
JBHT

JBI$1.5B50%
DCS$842.8M27%
ICS$304.5M10%
FMS$206.3M7%
JBT$200.7M6%

MTB
MTB

Segment breakdown not available.

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