What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does J.B. Hunt Transport Services (JBHT) spend its free cash flow?

For TTM through Q1 2026, J.B. Hunt Transport Services generated $1.63B of operating cash flow and $1.03B of free cash flow — a free cash flow margin of 63.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did J.B. Hunt Transport Services (JBHT) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent J.B. Hunt Transport Services's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

J.B. Hunt Transport Services (JBHT) Cash Flow Waterfall

Operating CF

$1.63B

Capex

-$595M

Free Cash Flow

$1.03B

FCF Margin

+63.4%

Cash flow waterfall for J.B. Hunt Transport Services (JBHT) — TTM through Q1 2026

Free cash flow: $1.03B

Cash flow breakdown for J.B. Hunt Transport Services (JBHT) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.63B	$1.63B
Capital Expenditure	-$595M	$1.03B
Free Cash Flow	$1.03B	$1.03B
Acquisitions	$42.2M	$1.07B
Other Investing	$132M	$1.21B
Share Buybacks	-$796M	$411M
Dividends Paid	-$170M	$241M
Net Debt Change	-$280M	-$38.8M
Net Cash Decrease	-$38.8M	-$38.8M

Operating Cash Flow$1.63B
Capital Expenditure-$595M
Free Cash Flow$1.03B
Acquisitions$42.2M
Other Investing$132M
Share Buybacks-$796M
Dividends Paid-$170M
Net Debt Change-$280M
Net Cash Decrease-$38.8M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

J.B. Hunt Transport Services (JBHT) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

JBHT Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation