Hub Group annual gross margin
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2024
Hub Group Gross Margin Growth & History (HUBG)
Hub Group's gross margin was 11.11% for fiscal 2024.
View full Hub Group company overviewHub Group annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2024 | 2024-12-31 | 11.11% | −0.88 pp |
| 2023 | 2023-12-31 | 11.98% | −4.67 pp |
| 2022 | 2022-12-31 | 16.66% | +2.49 pp |
| 2021 | 2021-12-31 | 14.17% | +2.00 pp |
| 2020 | 2020-12-31 | 12.17% | −2.03 pp |
| 2019 | 2019-12-31 | 14.21% | +2.11 pp |
| 2018 | 2018-12-31 | 12.10% | +1.29 pp |
| 2017 | 2017-12-31 | 10.81% | −1.24 pp |
| 2016 | 2016-12-31 | 12.05% | +0.34 pp |
| 2015 | 2015-12-31 | 11.71% | +1.33 pp |
| 2014 | 2014-12-31 | 10.37% | −0.62 pp |
| 2013 | 2013-12-31 | 11.00% | −0.40 pp |
| 2012 | 2012-12-31 | 11.40% | +0.04 pp |
| 2011 | 2011-12-31 | 11.36% | −0.28 pp |
| 2010 | 2010-12-31 | 11.64% | −0.65 pp |
| 2009 | 2009-12-31 | 12.29% | −0.30 pp |
| 2008 | 2008-12-31 | 12.59% | — |
Hub Group quarterly gross margin
Q2.09
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q4.24
Q1.25
Q2.25
Q3.25
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2025 | 2025-09-30 | 8.17% | — |
| Q2 2025 | 2025-06-30 | 8.18% | — |
| Q1 2025 | 2025-03-31 | 8.23% | — |
| Q4 2024 | 2024-12-31 | 21.64% | — |
| Q4 2022 | 2022-12-31 | 15.90% | −1.03 pp |
| Q3 2022 | 2022-09-30 | 16.47% | +1.81 pp |
| Q2 2022 | 2022-06-30 | 17.61% | +5.33 pp |
| Q1 2022 | 2022-03-31 | 16.56% | +4.74 pp |
| Q4 2021 | 2021-12-31 | 16.93% | +5.85 pp |
| Q3 2021 | 2021-09-30 | 14.66% | +2.98 pp |
| Q2 2021 | 2021-06-30 | 12.29% | −1.48 pp |
| Q1 2021 | 2021-03-31 | 11.83% | −0.64 pp |
| Q4 2020 | 2020-12-31 | 11.08% | −2.89 pp |
| Q3 2020 | 2020-09-30 | 11.68% | −3.12 pp |
| Q2 2020 | 2020-06-30 | 13.76% | −0.64 pp |
| Q1 2020 | 2020-03-31 | 12.47% | −1.17 pp |
| Q4 2019 | 2019-12-31 | 13.97% | +0.36 pp |
| Q3 2019 | 2019-09-30 | 14.81% | +2.48 pp |
| Q2 2019 | 2019-06-30 | 14.41% | +3.12 pp |
| Q1 2019 | 2019-03-31 | 13.64% | +2.77 pp |
| Q4 2018 | 2018-12-31 | 13.61% | +1.88 pp |
| Q3 2018 | 2018-09-30 | 12.32% | +1.85 pp |
| Q2 2018 | 2018-06-30 | 11.29% | +1.00 pp |
| Q1 2018 | 2018-03-31 | 10.87% | +0.32 pp |
| Q4 2017 | 2017-12-31 | 11.72% | −0.58 pp |
| Q3 2017 | 2017-09-30 | 10.47% | −1.48 pp |
| Q2 2017 | 2017-06-30 | 10.29% | −3.09 pp |
| Q1 2017 | 2017-03-31 | 10.55% | −2.90 pp |
| Q4 2016 | 2016-12-31 | 12.31% | −0.81 pp |
| Q3 2016 | 2016-09-30 | 11.95% | +0.27 pp |
| Q2 2016 | 2016-06-30 | 13.38% | +2.07 pp |
| Q1 2016 | 2016-03-31 | 13.45% | +2.79 pp |
| Q4 2015 | 2015-12-31 | 13.12% | +3.29 pp |
| Q3 2015 | 2015-09-30 | 11.68% | +1.47 pp |
| Q2 2015 | 2015-06-30 | 11.31% | +0.28 pp |
| Q1 2015 | 2015-03-31 | 10.66% | +0.20 pp |
| Q4 2014 | 2014-12-31 | 9.82% | −0.92 pp |
| Q3 2014 | 2014-09-30 | 10.20% | −0.34 pp |
| Q2 2014 | 2014-06-30 | 11.03% | −0.38 pp |
| Q1 2014 | 2014-03-31 | 10.46% | −0.90 pp |
| Q4 2013 | 2013-12-31 | 10.74% | −0.92 pp |
| Q3 2013 | 2013-09-30 | 10.55% | −0.83 pp |
| Q2 2013 | 2013-06-30 | 11.41% | +0.19 pp |
| Q1 2013 | 2013-03-31 | 11.36% | +0.04 pp |
| Q4 2012 | 2012-12-31 | 11.66% | +0.67 pp |
| Q3 2012 | 2012-09-30 | 11.38% | −0.15 pp |
| Q2 2012 | 2012-06-30 | 11.22% | −0.06 pp |
| Q1 2012 | 2012-03-31 | 11.32% | −0.49 pp |
| Q4 2011 | 2011-12-31 | 10.99% | −0.81 pp |
| Q3 2011 | 2011-09-30 | 11.53% | −0.47 pp |
| Q2 2011 | 2011-06-30 | 11.28% | +0.24 pp |
| Q1 2011 | 2011-03-31 | 11.81% | +0.11 pp |
| Q4 2010 | 2010-12-31 | 11.80% | — |
| Q3 2010 | 2010-09-30 | 12.00% | −0.40 pp |
| Q2 2010 | 2010-06-30 | 11.04% | −1.58 pp |
| Q1 2010 | 2010-03-31 | 11.70% | — |
| Q3 2009 | 2009-09-30 | 12.40% | — |
| Q2 2009 | 2009-06-30 | 12.62% | — |
Hub Group gross margin trends
Over the last five fiscal years, Hub Group's gross margin decreased from 14.21% to 11.11%, a change of −3.10 percentage points. The latest reported quarter, Q3 2025, shows 8.17%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hub Group source filings ↗Community posts
Hub Group receives Nasdaq delisting determination over delayed filings
Hub Group ($HUBG) received a Nasdaq staff determination to delist its shares because it has not filed its annual report for 2025 or its first two quarterly reports for 2026. The company intends to appeal and seek additional time to regain c ...
