Hub Group (HUBG) Cash Flow: Operating & Free Cash Flow

Hub Group (HUBG) Cash Flow Statement

In fiscal 2024 (fiscal year ended Dec 31, 2024), Hub Group generated $194.42M of operating cash flow and spent $50.85M on capital expenditures. That left free cash flow of $143.57M, down 49.1% from $282.09M a year earlier, or 3.6% of revenue. It returned $109.30M to shareholders through $30.25M in dividends and $79.06M in share buybacks.

Hub Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Hub Group, Inc. (HUBG) - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	104.04	167.53	356.95	171.47	73.56	107.17	201.74	135.15
Depreciation & Amortization	192.56	184.45	153.73	130.63	123.68	116.89	83.91	62.17
Deferred Income Tax	-13.81	9.59	4.45	-3.99	7.46	1.82	39.50	-41.35
Stock Based Compensation	19.16	21.35	20.43	20.06	17.05	16.29	13.48	9.87
Change in Working Capital	-106.26	44.07	-59.08	-46.16	-54.09	13.09	16.17	-41.07
Change in Accounts Receivable	33.65	145.09	8.30	-115.57	-47.22	32.73	-31.48	-84.78
Change in Inventory	0.00	0.00	0.00	-8.14	-11.72	-1.35	41.29	-24.45
Change in Accounts Payable	-73.90	1.22	-89.10	78.45	5.59	-14.93	7.75	71.46
Change in Other Working Capital	-66.01	-38.26	-21.10	-17.87	-7.35	-3.37	-1.40	-3.30
Other Operating Activities	-1.27	4.76	-13.85	-23.17	14.76	-0.75	-143.96	0.44
Net Cash from Operating Activities	194.42	422.16	458.16	252.84	174.95	254.51	210.84	125.22
Investing Activities
Capital Expenditures	-50.85	-140.07	-219.14	-132.95	-115.31	-94.85	-199.79	-74.54
Acquisitions	-14.64	-260.81	-102.66	-122.36	-84.85	-0.73	-248.66	-165.93
Other Investing Activities	12.16	27.72	42.93	45.18	3.29	29.46	238.96	5.33
Net Cash from Investing Activities	-53.33	-373.16	-278.87	-210.14	-196.86	-66.12	-209.49	-235.15
Financing Activities
Debt Repayment	-90.94	-105.77	-111.48	-107.61	-198.74	-52.11	35.82	15.88
Common Stock Repurchased	-79.06	-143.77	-75.00	-9.12	-7.96	-28.98	-4.27	-3.41
Dividends Paid	-30.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-1.09	-12.86	-45.17	-11.81	-11.03	0.00	0.00	-1.40
Net Cash from Financing Activities	-201.33	-148.41	-52.46	-7.41	-22.30	-81.10	31.55	11.07
Summary
Effect of Forex Changes on Cash	-0.09	0.04	0.03	-0.01	-0.02	0.00	-0.03	0.01
Net Change in Cash	-60.32	-99.37	126.86	35.28	-44.22	107.29	32.88	-98.85
Cash at Beginning of Period	187.27	286.64	159.78	124.51	168.73	61.44	28.56	127.40
Cash at End of Period	126.95	187.27	286.64	159.78	124.51	168.73	61.44	28.56
Free Cash Flow	143.57	282.09	239.02	119.88	59.65	159.66	11.05	50.68
Supplemental Disclosures
Interest Paid	14.60	12.51	7.99	7.60	9.46	-	-	-
Income Taxes Paid	38.20	34.88	128.81	58.59	18.39	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2025. Data sources and methodology

Frequently Asked Questions About Hub Group Cash Flow

What is Hub Group's free cash flow?

Hub Group generated free cash flow of $143.57M in fiscal 2024 (fiscal year ended Dec 31, 2024), operating cash flow of $194.42M minus $50.85M of capital expenditures. That was down 49.1% from $282.09M a year earlier. Free cash flow equaled 3.6% of revenue.

How much does Hub Group spend on capital expenditures?

Hub Group spent $50.85M on capital expenditures in fiscal 2024, compared with $140.07M a year earlier. That equals 26.2% of operating cash flow.

Does Hub Group pay dividends or buy back shares?

Yes. In fiscal 2024 Hub Group returned $30.25M in dividends and $79.06M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition