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ArcBest (ARCB) Financials

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$141.12 +3.78 (+2.75%)
As of 09/4/2026 04:00 PM Eastern
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Annual Income Statements for ArcBest

Annual Income Statements for ArcBest

This table shows ArcBest's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 45 19 60 67 40 71 214 298 195 174 60
Consolidated Net Income / (Loss)		 45 19 60 67 40 71 214 298 195 174 60
Net Income / (Loss) Continuing Operations		 45 19 60 67 40 71 210 295 142 173 60
Total Pre-Tax Income 		73 28 52 84 51 92 273 388 187 219 83
Total Operating Income		 75 34 61 109 64 98 277 395 173 244 90
Total Gross Profit		 2,667 2,700 2,826 3,094 2,988 2,940 3,766 5,029 4,427 4,179 4,010
Total Revenue		 2,667 2,700 2,826 3,094 2,988 2,940 3,766 5,029 4,427 4,179 4,010
Operating Revenue		 2,667 2,700 2,826 3,094 2,988 2,940 3,766 5,029 4,427 4,179 4,010
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 2,591 2,666 2,765 2,985 2,925 2,842 3,489 4,634 4,255 3,935 3,920
Other Operating Expenses / (Income)		 2,591 2,666 2,765 2,985 2,925 2,842 3,489 4,634 4,255 3,935 3,920
Total Other Income / (Expense), net		 -2.76 -5.78 -9.77 -25 -12 -5.78 -3.89 -6.22 14 -26 -7.21
Interest Expense		 4.40 5.15 6.34 9.47 11 12 8.91 7.73 9.09 8.98 12
Interest & Investment Income		 1.28 1.52 1.29 3.91 6.45 3.62 1.23 3.87 15 12 4.76
Other Income / (Expense), net		 0.35 -2.15 -4.72 -19 -7.29 2.30 3.80 -2.37 8.66 -28 0.39
Income Tax Expense		 28 9.64 -8.15 17 11 21 63 94 45 45 23
Net Income / (Loss) Discontinued Operations		 - - - - - - 3.06 3.56 53 0.60 0.00
Basic Earnings per Share		 $1.71 $0.72 $2.32 $2.61 $1.56 $2.80 $8.38 $12.13 $8.14 $7.39 $2.63
Weighted Average Basic Shares Outstanding		 26.01M 25.75M 25.68M 25.68M 25.54M 25.41M 25.47M 24.59M 24.02M 23.55M 22.84M
Diluted Earnings per Share		 $1.67 $0.71 $2.25 $2.51 $1.51 $2.69 $7.98 $11.69 $7.93 $7.30 $2.62
Weighted Average Diluted Shares Outstanding		 26.53M 26.26M 26.42M 26.70M 26.45M 26.42M 26.77M 25.50M 24.63M 23.82M 22.93M
Weighted Average Basic & Diluted Shares Outstanding		 26.20M 25.90M 25.70M 25.57M 25.37M 25.40M 24.60M 24.26M 23.52M 23.15M 22.30M
Cash Dividends to Common per Share		 $0.26 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.44 $0.48 $0.48 $0.48

Quarterly Income Statements for ArcBest

This table shows ArcBest's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 49 -2.31 47 100 29 3.13 26 39 -8.12 -1.04 -14
Consolidated Net Income / (Loss)		 49 -2.31 47 100 29 3.13 26 39 -8.12 -1.04 -14
Net Income / (Loss) Continuing Operations		 49 -2.91 47 100 29 3.13 26 39 -8.12 -1.04 -14
Total Pre-Tax Income 		68 -4.68 49 137 37 4.17 36 54 -11 -1.33 -21
Total Operating Income		 64 22 49 135 38 6.63 37 55 -8.26 3.43 -21
Total Gross Profit		 1,090 1,036 1,078 1,063 1,002 967 1,022 1,048 973 999 1,185
Total Revenue		 1,090 1,036 1,078 1,063 1,002 967 1,022 1,048 973 999 1,185
Operating Revenue		 1,090 1,036 1,078 1,063 1,002 967 1,022 1,048 973 999 1,185
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 1,025 1,014 1,029 928 963 960 985 994 981 995 1,205
Other Operating Expenses / (Income)		 1,025 1,014 1,029 928 963 960 985 994 981 995 1,205
Total Other Income / (Expense), net		 3.55 -27 0.38 1.71 -0.70 -2.46 -1.34 -1.12 -2.30 -4.76 -0.33
Interest Expense		 2.33 2.23 2.08 2.28 2.39 2.76 2.96 3.33 3.32 4.29 3.39
Interest & Investment Income		 4.12 3.32 3.24 3.13 1.93 1.15 1.04 1.37 1.20 0.68 0.91
Other Income / (Expense), net		 1.76 -28 -0.78 0.86 -0.24 -0.85 0.58 0.85 -0.18 -1.15 2.15
Income Tax Expense		 19 -1.77 2.30 36 8.43 1.04 10 14 -2.44 -0.30 -7.13
Basic Earnings per Share		 $2.08 ($0.10) $1.99 $4.25 $1.25 $0.13 $1.12 $1.73 ($0.35) ($0.05) ($0.62)
Weighted Average Basic Shares Outstanding		 24.02M 23.56M 23.62M 23.62M 23.55M 23.20M 22.94M 22.72M 22.84M 22.34M 22.35M
Diluted Earnings per Share		 $2.03 ($0.10) $1.96 $4.23 $1.21 $0.13 $1.12 $1.72 ($0.35) ($0.05) ($0.62)
Weighted Average Diluted Shares Outstanding		 24.63M 23.56M 23.92M 23.69M 23.82M 23.27M 23.01M 22.81M 22.93M 22.34M 22.35M
Weighted Average Basic & Diluted Shares Outstanding		 23.52M 23.43M 23.65M 23.40M 23.15M 22.91M 22.73M 22.51M 22.30M 22.26M 22.35M

Annual Cash Flow Statements for ArcBest

This table details how cash moves in and out of ArcBest's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 7.93 -51 5.53 69 12 102 -227 82 104 -135 -25
Net Cash From Operating Activities		 149 112 152 255 170 206 324 471 322 286 229
Net Cash From Continuing Operating Activities		 149 112 152 255 170 206 324 471 322 286 229
Net Income / (Loss) Continuing Operations		 45 19 60 67 40 71 214 298 195 174 60
Consolidated Net Income / (Loss)		 45 19 60 67 40 71 214 298 195 174 60
Depreciation Expense		 89 99 99 104 108 114 119 127 133 136 158
Amortization Expense		 4.00 4.24 4.54 4.52 4.37 4.01 5.36 13 13 13 13
Non-Cash Adjustments To Reconcile Net Income		 10 15 15 22 41 13 -1.93 11 -21 36 11
Changes in Operating Assets and Liabilities, net		 1.23 -25 -26 58 -23 3.22 -12 22 2.00 -74 -12
Net Cash From Investing Activities		 -126 -87 -68 -95 -98 7.46 -303 -261 -22 -187 -77
Net Cash From Continuing Investing Activities		 -126 -87 -68 -95 -98 7.46 -303 -261 -22 -187 -77
Purchase of Property, Plant & Equipment		 -87 -79 -76 -54 -102 -57 -78 -166 -232 -240 -128
Purchase of Investments		 -61 -69 -73 -108 -130 -165 -81 -182 -97 -29 -22
Sale of Property, Plant & Equipment		 6.64 8.80 4.28 4.26 13 13 14 20 7.76 15 34
Divestitures		 - 2.78 2.49 4.68 0.00 0.00 9.01 0.48 101 0.00 0.00
Sale and/or Maturity of Investments		 46 74 74 59 120 217 73 64 198 67 29
Other Investing Activities, net		 - - - - - - - - 0.00 0.00 9.76
Net Cash From Financing Activities		 -16 -76 -78 -91 -60 -111 -248 -128 -197 -233 -178
Net Cash From Continuing Financing Activities		 -16 -76 -78 -91 -60 -111 -248 -128 -197 -233 -178
Repayment of Debt		 -102 -52 -70 -71 -60 -326 -172 -116 -69 -121 -108
Repurchase of Common Equity		 -13 -9.51 -6.02 -9.40 -9.11 -6.60 -83 -65 -92 -75 -76
Payment of Dividends		 -6.84 -8.32 -8.26 -8.24 -8.19 -8.16 -8.14 -11 -12 -11 -11
Issuance of Debt		 105 - 10 0.00 20 225 54 72 0.00 0.00 25
Other Financing Activities, net		 0.73 -5.85 -3.77 -1.87 -4.01 4.45 -13 -8.82 -24 -26 -7.99

Quarterly Cash Flow Statements for ArcBest

This table details how cash moves in and out of ArcBest's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 11 -89 43 -65 -23 -53 41 5.73 -19 -38 82
Net Cash From Operating Activities		 127 6.47 134 89 57 -23 108 98 45 8.54 130
Net Cash From Continuing Operating Activities		 127 6.47 134 89 57 -23 108 98 45 8.54 130
Net Income / (Loss) Continuing Operations		 49 -2.31 47 100 29 3.13 26 39 -8.12 -1.04 -14
Consolidated Net Income / (Loss)		 49 -2.31 47 100 29 3.13 26 39 -8.12 -1.04 -14
Depreciation Expense		 34 34 33 33 36 37 38 41 42 42 42
Amortization Expense		 3.20 3.22 3.20 3.20 3.21 3.20 3.20 3.20 3.20 2.59 2.46
Non-Cash Adjustments To Reconcile Net Income		 7.15 24 -3.29 2.05 5.58 -8.12 4.31 -12 26 2.89 88
Changes in Operating Assets and Liabilities, net		 34 -52 54 -50 -17 -58 37 26 -18 -38 11
Net Cash From Investing Activities		 -70 -57 -30 -62 -38 -8.06 -28 -21 -19 -11 -12
Net Cash From Continuing Investing Activities		 -70 -57 -30 -62 -38 -8.06 -28 -21 -19 -11 -12
Purchase of Property, Plant & Equipment		 -93 -59 -54 -70 -58 -18 -31 -69 -11 -13 -16
Sale of Property, Plant & Equipment		 1.79 1.29 1.05 3.85 9.19 3.28 2.87 26 1.95 1.85 4.24
Net Cash From Financing Activities		 -47 -39 -61 -92 -42 -22 -40 -72 -44 -35 -36
Net Cash From Continuing Financing Activities		 -47 -39 -61 -92 -42 -22 -40 -72 -44 -35 -36
Repayment of Debt		 -17 -17 -19 -67 -18 -17 -18 -52 -21 -22 -30
Repurchase of Common Equity		 -26 -16 -16 -24 -19 -22 -20 -16 -17 -7.42 -0.75
Payment of Dividends		 -2.85 -2.83 -2.82 -2.84 -2.81 -2.79 -2.76 -2.73 -2.70 -2.68 -2.69
Other Financing Activities, net		 -1.87 -3.60 -23 2.38 -1.90 -4.78 0.80 -1.02 -3.00 -2.62 -2.05

Annual Balance Sheets for ArcBest

This table presents ArcBest's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,263 1,282 1,366 1,539 1,651 1,779 2,113 2,494 2,485 2,430 2,453
Total Current Assets		 552 491 522 649 664 758 776 990 885 676 626
Cash & Equivalents		 165 114 121 190 202 304 77 158 262 127 102
Short-Term Investments		 62 57 56 107 117 65 48 168 68 30 22
Accounts Receivable		 243 283 299 316 301 335 595 529 482 431 397
Prepaid Expenses		 21 22 22 25 30 38 40 39 37 48 49
Other Current Assets		 22 14 24 11 14 16 16 31 35 40 55
Plant, Property, & Equipment, net		 483 533 591 631 684 679 696 800 915 1,066 1,143
Plant, Property & Equipment, gross		 1,271 1,352 1,456 1,545 1,633 1,671 1,775 1,930 2,103 2,253 2,363
Accumulated Depreciation		 788 819 865 914 949 992 1,079 1,129 1,189 1,187 1,220
Total Noncurrent Assets		 228 258 252 259 303 342 641 704 685 688 683
Goodwill		 96 109 108 108 88 88 300 305 305 305 305
Intangible Assets		 77 81 73 69 59 55 127 114 101 89 69
Noncurrent Deferred & Refundable Income Taxes		 - 2.98 5.97 7.47 7.73 6.16 5.47 6.34 8.14 9.54 9.30
Other Noncurrent Operating Assets		 55 66 64 74 148 193 208 268 271 285 300
Total Liabilities & Shareholders' Equity		 1,263 1,282 1,366 1,539 1,651 1,779 2,113 2,494 2,485 2,430 2,453
Total Liabilities		 674 683 714 822 888 950 1,184 1,343 1,243 1,115 1,157
Total Current Liabilities		 365 396 403 451 444 507 703 768 702 666 657
Short-Term Debt		 45 64 62 54 57 67 51 66 67 64 88
Accounts Payable		 131 133 129 144 134 171 311 270 214 173 154
Accrued Expenses		 189 199 210 243 232 247 306 338 378 395 378
Current Deferred & Payable Income Tax Liabilities		 0.09 - 0.32 1.69 0.01 0.32 12 16 10 - 0.00
Other Current Liabilities		 - - - - 20 21 23 26 32 34 36
Total Noncurrent Liabilities		 310 287 312 370 444 444 481 574 541 449 500
Long-Term Debt		 168 180 207 238 266 217 175 198 162 125 136
Noncurrent Deferred & Payable Income Tax Liabilities		 78 55 49 56 66 72 65 60 56 79 112
Noncurrent Employee Benefit Liabilities		 51 36 40 32 20 19 17 12 13 13 14
Other Noncurrent Operating Liabilities		 13 17 16 45 91 136 224 155 133 42 239
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 589 599 651 718 763 829 929 1,151 1,242 1,314 1,296
Total Preferred & Common Equity		 589 599 651 718 763 829 929 1,151 1,242 1,314 1,296
Total Common Equity		 589 599 651 718 763 829 929 1,151 1,242 1,314 1,296
Common Stock		 310 316 320 326 334 343 318 340 341 330 338
Retained Earnings		 377 387 438 501 533 596 801 1,089 1,273 1,435 1,484
Treasury Stock		 -71 -80 -86 -95 -105 -111 -194 -284 -376 -451 -527
Accumulated Other Comprehensive Income / (Loss)		 -27 -23 -21 -14 0.20 1.19 3.70 7.10 4.32 0.27 -0.44

Quarterly Balance Sheets for ArcBest

This table presents ArcBest's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,432 2,414 2,437 2,357 2,409 2,414 2,407 2,467 2,501 2,458 2,452
Total Current Assets		 917 865 890 758 767 692 625 638 657 643 706
Cash & Equivalents		 203 187 252 173 216 150 74 115 121 64 146
Short-Term Investments		 162 153 89 68 45 41 25 25 12 22 23
Accounts Receivable		 482 441 480 445 441 436 439 426 432 455 463
Prepaid Expenses		 41 33 31 39 32 32 47 38 35 49 39
Other Current Assets		 28 51 38 33 34 32 41 35 57 53 36
Plant, Property, & Equipment, net		 805 829 862 938 971 1,049 1,063 1,113 1,150 1,136 1,092
Plant, Property & Equipment, gross		 1,957 1,988 2,033 2,131 2,183 2,257 2,263 2,312 2,361 2,370 2,335
Accumulated Depreciation		 1,151 1,160 1,171 1,194 1,212 1,207 1,199 1,199 1,211 1,235 1,242
Total Noncurrent Assets		 709 720 685 661 670 673 718 716 694 680 653
Goodwill		 305 305 305 305 305 305 305 305 305 305 305
Intangible Assets		 111 107 104 98 95 92 85 82 79 67 38
Noncurrent Deferred & Refundable Income Taxes		 7.29 6.92 7.62 10 9.97 8.29 9.27 9.32 7.83 16 17
Other Noncurrent Operating Assets		 287 301 269 248 261 268 319 320 302 292 294
Total Liabilities & Shareholders' Equity		 2,432 2,414 2,437 2,357 2,409 2,414 2,407 2,467 2,501 2,458 2,452
Total Liabilities		 1,226 1,203 1,217 1,134 1,177 1,107 1,112 1,167 1,178 1,172 1,185
Total Current Liabilities		 688 641 668 619 646 666 624 661 670 692 730
Short-Term Debt		 108 65 67 63 59 62 67 78 79 94 94
Accounts Payable		 254 246 246 210 222 205 167 177 164 164 198
Accrued Expenses		 279 299 323 313 332 361 357 369 392 388 392
Current Deferred & Payable Income Tax Liabilities		 19 0.00 1.39 0.01 0.00 4.81 - 3.63 - 8.51 8.81
Other Current Liabilities		 28 31 31 32 33 33 34 35 35 37 36
Total Noncurrent Liabilities		 538 561 548 516 531 442 488 506 508 480 455
Long-Term Debt		 186 168 176 149 145 118 148 164 135 130 121
Capital Lease Obligations		 170 174 172 174 186 192 215 215 211 200 208
Noncurrent Deferred & Payable Income Tax Liabilities		 51 53 50 45 46 66 79 78 114 106 81
Noncurrent Employee Benefit Liabilities		 12 12 12 13 13 13 13 13 13 14 14
Other Noncurrent Operating Liabilities		 118 154 138 135 142 52 33 35 34 31 32
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 1,206 1,211 1,221 1,223 1,232 1,307 1,295 1,300 1,323 1,287 1,268
Total Preferred & Common Equity		 1,206 1,211 1,221 1,223 1,232 1,307 1,295 1,300 1,323 1,287 1,268
Total Common Equity		 1,206 1,211 1,221 1,223 1,232 1,307 1,295 1,300 1,323 1,287 1,268
Common Stock		 341 336 339 343 325 328 332 334 337 341 339
Retained Earnings		 1,157 1,195 1,227 1,267 1,312 1,409 1,436 1,459 1,495 1,481 1,464
Treasury Stock		 -298 -326 -350 -391 -407 -432 -473 -493 -509 -534 -535
Accumulated Other Comprehensive Income / (Loss)		 6.39 6.57 5.59 3.35 2.47 2.35 -0.07 0.45 0.10 -0.61 -0.95

Annual Metrics And Ratios for ArcBest

This table displays calculated financial ratios and metrics derived from ArcBest's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.07% 1.25% 4.68% 9.46% -3.41% -1.61% 28.09% 33.53% -11.96% -5.61% -4.04%
EBITDA Growth		 118.48% -20.09% 18.32% 24.35% -14.92% 29.60% 84.96% 31.41% -38.55% 11.67% -28.51%
EBIT Growth		 3.97% -57.92% 77.43% 58.83% -37.20% 78.06% 179.16% 39.67% -53.77% 19.19% -58.02%
NOPAT Growth		 2.82% -51.75% 216.28% 22.41% -43.03% 52.49% 182.56% 40.25% -56.14% 47.57% -66.29%
Net Income Growth		 -2.87% -58.42% 220.21% 12.62% -40.55% 77.82% 200.31% 39.66% -34.46% -10.99% -65.45%
EPS Growth		 -1.18% -57.49% 216.90% 11.56% -39.84% 78.15% 196.65% 46.49% -32.16% -7.94% -64.11%
Operating Cash Flow Growth		 3.73% -24.94% 35.71% 68.09% -33.28% 20.91% 57.05% 45.53% -31.57% -11.27% -19.90%
Free Cash Flow Firm Growth		 -183.00% -76.45% 97.97% 7,861.20% -105.24% 1,723.51% -172.61% 257.40% -75.56% -188.18% 107.74%
Invested Capital Growth		 18.38% 16.98% 10.82% -4.15% 7.82% -3.21% 38.49% 17.96% 8.51% 16.57% 4.13%
Revenue Q/Q Growth		 -0.62% 1.51% 0.80% 2.10% -1.87% 3.48% 4.29% 3.97% -1.64% -2.06% -0.72%
EBITDA Q/Q Growth		 82.45% 225.61% 248.89% 2.67% -15.33% 25.21% 15.66% -5.42% 5.33% -6.67% -13.48%
EBIT Q/Q Growth		 -14.18% -14.83% 37.48% 5.24% -36.73% 74.56% 22.66% -7.64% 8.59% -11.50% -33.82%
NOPAT Q/Q Growth		 -15.15% -1.10% 115.15% -13.63% -38.89% 60.59% 22.40% -8.50% 8.96% -7.63% -35.60%
Net Income Q/Q Growth		 -17.56% -15.43% 141.40% -24.02% -34.27% 70.76% 24.18% -8.63% 6.23% -10.20% -38.20%
EPS Q/Q Growth		 -17.73% -13.41% 139.36% -24.40% -34.06% 70.25% 24.30% -7.52% 7.02% -10.10% -37.32%
Operating Cash Flow Q/Q Growth		 2.75% -5.85% 27.69% 11.45% -22.48% 12.18% 10.39% 8.08% 2.23% -19.81% -5.03%
Free Cash Flow Firm Q/Q Growth		 -473.90% 27.67% 95.71% 71.05% -108.89% 74.24% -140.20% 171.41% -44.20% -253.95% 107.53%
Invested Capital Q/Q Growth		 11.14% 4.45% 4.60% -4.03% 1.87% -0.01% 39.71% -0.81% 1.78% 3.21% -0.97%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 6.33% 5.00% 5.65% 6.42% 5.65% 7.45% 10.75% 10.58% 7.39% 8.74% 6.51%
Operating Margin		 2.83% 1.26% 2.17% 3.53% 2.13% 3.34% 7.35% 7.85% 3.90% 5.85% 2.25%
EBIT Margin		 2.84% 1.18% 2.00% 2.91% 1.89% 3.42% 7.46% 7.80% 4.09% 5.17% 2.26%
Profit (Net Income) Margin		 1.68% 0.69% 2.11% 2.17% 1.34% 2.42% 5.67% 5.93% 4.41% 4.16% 1.50%
Tax Burden Percent		 61.67% 65.94% 115.80% 79.71% 77.68% 76.87% 78.19% 76.80% 104.56% 79.54% 72.32%
Interest Burden Percent		 95.89% 88.64% 91.08% 93.82% 91.12% 91.97% 97.26% 99.02% 103.11% 101.22% 91.61%
Effective Tax Rate		 38.33% 34.06% -15.80% 20.29% 22.32% 23.13% 22.93% 24.12% 23.94% 20.74% 27.68%
Return on Invested Capital (ROIC)		 8.80% 3.61% 10.05% 11.95% 6.69% 10.00% 24.08% 26.68% 10.37% 13.58% 4.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.51% -9.96% -3.81% -33.63% 6,688.10% 21.09% 24.90% 25.26% 102.91% 0.27% 2.18%
Return on Net Nonoperating Assets (RNNOA)		 -1.00% -0.47% -0.50% -2.12% -1.29% -1.06% 0.22% 1.99% 5.96% 0.03% 0.44%
Return on Equity (ROE)		 7.80% 3.14% 9.55% 9.83% 5.40% 8.93% 24.30% 28.67% 16.33% 13.61% 4.61%
Cash Return on Invested Capital (CROIC)		 -8.03% -12.04% -0.21% 16.19% -0.83% 13.25% -8.20% 10.20% 2.21% -1.73% 0.12%
Operating Return on Assets (OROA)		 6.35% 2.51% 4.28% 6.19% 3.54% 5.86% 14.43% 17.02% 7.28% 8.79% 3.72%
Return on Assets (ROA)		 3.75% 1.47% 4.51% 4.63% 2.51% 4.15% 10.97% 12.95% 7.85% 7.08% 2.46%
Return on Common Equity (ROCE)		 7.80% 3.14% 9.55% 9.83% 5.40% 8.93% 24.30% 28.67% 16.33% 13.61% 4.61%
Return on Equity Simple (ROE_SIMPLE)		 7.62% 3.11% 9.17% 9.37% 5.24% 8.58% 22.98% 25.90% 15.73% 13.24% 0.00%
Net Operating Profit after Tax (NOPAT)		 47 22 71 87 50 76 213 299 131 194 65
NOPAT Margin		 1.75% 0.83% 2.51% 2.81% 1.66% 2.57% 5.67% 5.95% 2.97% 4.64% 1.63%
Net Nonoperating Expense Percent (NNEP)		 -3.70% 13.57% 13.86% 45.58% -6,681.41% -11.10% -0.82% 1.42% -92.54% 13.31% 1.98%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 19.14% 7.97% 11.44% 3.79%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 97.17% 98.74% 97.83% 96.47% 97.87% 96.66% 92.65% 92.16% 96.10% 94.15% 97.75%
Earnings before Interest and Taxes (EBIT)		 76 32 57 90 56 101 281 392 181 216 91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 169 135 160 199 169 219 405 532 327 365 261
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 1.11 1.34 1.18 0.89 1.28 3.25 1.47 2.28 1.66 1.29
Price to Tangible Book Value (P/TBV)		 1.24 1.63 1.86 1.56 1.11 1.55 6.01 2.31 3.38 2.37 1.81
Price to Revenue (P/Rev)		 0.19 0.25 0.31 0.27 0.23 0.36 0.80 0.34 0.64 0.52 0.42
Price to Earnings (P/E)		 11.44 35.69 14.60 12.55 17.06 14.96 14.14 5.68 14.48 12.54 27.76
Dividend Yield		 1.32% 1.23% 0.94% 0.97% 1.20% 0.76% 0.27% 0.81% 0.40% 0.52% 0.65%
Earnings Yield		 8.74% 2.80% 6.85% 7.97% 5.86% 6.68% 7.07% 17.61% 6.91% 7.98% 3.60%
Enterprise Value to Invested Capital (EV/IC)		 0.87 1.10 1.30 1.18 0.89 1.32 3.03 1.47 2.20 1.56 1.23
Enterprise Value to Revenue (EV/Rev)		 0.19 0.27 0.34 0.27 0.23 0.33 0.83 0.35 0.66 0.58 0.49
Enterprise Value to EBITDA (EV/EBITDA)		 2.95 5.46 6.04 4.22 4.07 4.47 7.70 3.34 8.88 6.58 7.56
Enterprise Value to EBIT (EV/EBIT)		 6.56 23.10 17.02 9.33 12.17 9.73 11.11 4.54 16.02 11.12 21.74
Enterprise Value to NOPAT (EV/NOPAT)		 10.69 32.83 13.57 9.64 13.87 12.95 14.62 5.94 22.12 12.40 30.20
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.34 6.59 6.35 3.28 4.03 4.75 9.64 3.78 9.02 8.41 8.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 7.12 0.00 9.77 0.00 15.55 103.83 0.00 1,032.31
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.41 0.41 0.41 0.42 0.34 0.24 0.36 0.33 0.29 0.33
Long-Term Debt to Equity		 0.28 0.30 0.32 0.33 0.35 0.26 0.19 0.30 0.27 0.24 0.26
Financial Leverage		 -0.08 0.05 0.13 0.06 0.00 -0.05 0.01 0.08 0.06 0.12 0.20
Leverage Ratio		 2.08 2.14 2.12 2.12 2.15 2.16 2.21 2.21 2.08 1.92 1.87
Compound Leverage Factor		 1.99 1.90 1.93 1.99 1.96 1.98 2.15 2.19 2.14 1.95 1.71
Debt to Total Capital		 26.52% 28.91% 29.22% 28.90% 29.77% 25.54% 19.53% 26.37% 24.61% 22.39% 24.84%
Short-Term Debt to Total Capital		 5.61% 7.61% 6.73% 5.36% 5.27% 6.03% 4.38% 4.24% 4.06% 3.78% 5.10%
Long-Term Debt to Total Capital		 20.92% 21.30% 22.49% 23.54% 24.50% 19.51% 15.15% 22.14% 20.55% 18.61% 19.74%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.48% 71.09% 70.78% 71.10% 70.23% 74.46% 80.47% 73.63% 75.39% 77.61% 75.16%
Debt to EBITDA		 1.26 1.81 1.68 1.47 1.91 1.30 0.56 0.78 1.24 1.04 1.64
Net Debt to EBITDA		 -0.09 0.53 0.57 -0.03 0.03 -0.39 0.25 0.16 0.23 0.61 1.16
Long-Term Debt to EBITDA		 0.99 1.33 1.30 1.20 1.58 0.99 0.43 0.65 1.04 0.86 1.30
Debt to NOPAT		 4.56 10.85 3.79 3.35 6.53 3.76 1.06 1.38 3.09 1.96 6.56
Net Debt to NOPAT		 -0.33 3.19 1.29 -0.06 0.10 -1.13 0.47 0.29 0.58 1.15 4.65
Long-Term Debt to NOPAT		 3.60 7.99 2.91 2.73 5.37 2.87 0.82 1.16 2.58 1.63 5.21
Altman Z-Score		 3.36 3.28 3.49 3.43 3.00 3.15 4.32 4.01 4.19 4.02 3.45
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.51 1.24 1.30 1.44 1.50 1.50 1.10 1.29 1.26 1.01 0.95
Quick Ratio		 1.29 1.15 1.18 1.36 1.40 1.39 1.03 1.11 1.16 0.88 0.79
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -42 -75 -1.52 118 -6.17 100 -73 114 28 -25 1.91
Operating Cash Flow to CapEx		 185.72% 160.05% 212.94% 512.41% 191.55% 466.66% 500.35% 322.89% 143.67% 127.25% 244.36%
Free Cash Flow to Firm to Interest Expense		 -9.65 -14.54 -0.24 12.44 -0.54 8.56 -8.16 14.82 3.08 -2.75 0.15
Operating Cash Flow to Interest Expense		 33.89 21.74 23.95 26.97 14.86 17.61 36.29 60.94 35.43 31.83 18.52
Operating Cash Flow Less CapEx to Interest Expense		 15.64 8.16 12.70 21.71 7.10 13.84 29.04 42.07 10.77 6.82 10.94
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.23 2.12 2.14 2.13 1.87 1.71 1.94 2.18 1.78 1.70 1.64
Accounts Receivable Turnover		 11.17 10.28 9.73 10.07 9.68 9.24 8.09 8.95 8.76 9.15 9.68
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 5.97 5.32 5.03 5.06 4.55 4.32 5.48 6.72 5.16 4.22 3.63
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 32.67 35.52 37.53 36.26 37.71 39.51 45.10 40.79 41.66 39.88 37.69
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 32.67 35.52 37.53 36.26 37.71 39.51 45.10 40.79 41.66 39.88 37.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 573 671 743 712 768 743 1,030 1,215 1,318 1,536 1,600
Invested Capital Turnover		 5.04 4.34 4.00 4.25 4.04 3.89 4.25 4.48 3.50 2.93 2.56
Increase / (Decrease) in Invested Capital		 89 97 73 -31 56 -25 286 185 103 218 63
Enterprise Value (EV)		 498 737 964 839 687 979 3,120 1,780 2,905 2,403 1,972
Market Capitalization		 513 666 872 844 682 1,064 3,020 1,693 2,829 2,181 1,668
Book Value per Share		 $22.68 $23.38 $25.41 $27.94 $29.92 $32.61 $36.34 $47.15 $52.50 $56.17 $57.56
Tangible Book Value per Share		 $16.00 $15.99 $18.32 $21.04 $24.15 $26.97 $19.64 $30.02 $35.35 $39.36 $40.94
Total Capital		 801 843 920 1,009 1,087 1,113 1,155 1,564 1,648 1,693 1,724
Total Debt		 213 244 269 292 324 284 226 412 406 379 428
Total Long-Term Debt		 168 180 207 238 266 217 175 346 339 315 340
Net Debt		 -15 72 92 -5.32 5.03 -85 101 87 75 222 304
Capital Expenditures (CapEx)		 80 70 71 50 89 44 65 146 224 225 94
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4.44 -13 4.52 -45 -41 -51 -0.99 -38 -80 -84 -67
Debt-free Net Working Capital (DFNWC)		 232 159 182 252 277 319 124 288 250 74 57
Net Working Capital (NWC)		 187 95 120 198 220 252 73 221 183 9.66 -31
Net Nonoperating Expense (NNE)		 1.70 3.81 11 20 9.55 4.44 -0.06 1.16 -64 20 5.22
Net Nonoperating Obligations (NNO)		 -15 72 92 -5.32 5.03 -85 101 63 75 222 304
Total Depreciation and Amortization (D&A)		 93 103 103 109 112 118 124 140 146 149 170
Debt-free, Cash-free Net Working Capital to Revenue		 0.17% -0.48% 0.16% -1.45% -1.37% -1.72% -0.03% -0.76% -1.80% -2.00% -1.68%
Debt-free Net Working Capital to Revenue		 8.71% 5.89% 6.43% 8.14% 9.28% 10.84% 3.29% 5.72% 5.65% 1.76% 1.42%
Net Working Capital to Revenue		 7.03% 3.52% 4.24% 6.40% 7.37% 8.56% 1.95% 4.40% 4.14% 0.23% -0.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.71 $0.72 $2.32 $2.61 $1.56 $2.80 $8.38 $12.13 $8.14 $7.39 $2.63
Adjusted Weighted Average Basic Shares Outstanding		 26.01M 25.75M 25.68M 25.68M 25.54M 25.41M 25.47M 24.59M 24.02M 23.55M 22.84M
Adjusted Diluted Earnings per Share		 $1.67 $0.71 $2.25 $2.51 $1.51 $2.69 $7.98 $11.69 $7.93 $7.30 $2.62
Adjusted Weighted Average Diluted Shares Outstanding		 26.53M 26.26M 26.42M 26.70M 26.45M 26.42M 26.77M 25.50M 24.63M 23.82M 22.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.78M 25.61M 25.64M 25.57M 25.37M 25.40M 24.60M 24.26M 23.52M 23.15M 22.30M
Normalized Net Operating Profit after Tax (NOPAT)		 47 22 43 87 50 76 213 299 131 194 65
Normalized NOPAT Margin		 1.75% 0.83% 1.52% 2.81% 1.66% 2.57% 5.67% 5.95% 2.97% 4.64% 1.63%
Pre Tax Income Margin		 2.73% 1.05% 1.82% 2.73% 1.72% 3.15% 7.25% 7.72% 4.22% 5.23% 2.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 17.24 6.20 8.93 9.50 4.93 8.60 31.50 50.76 19.93 24.06 7.34
NOPAT to Interest Expense		 10.58 4.36 11.20 9.18 4.32 6.46 23.95 38.75 14.44 21.58 5.28
EBIT Less CapEx to Interest Expense		 -1.01 -7.38 -2.32 4.24 -2.83 4.82 24.24 31.88 -4.72 -0.95 -0.24
NOPAT Less CapEx to Interest Expense		 -7.67 -9.22 -0.05 3.92 -3.44 2.68 16.69 19.88 -10.22 -3.44 -2.30
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.24% 44.60% 13.84% 12.26% 20.48% 11.47% 3.81% 3.63% 5.91% 6.49% 18.25%
Augmented Payout Ratio		 43.70% 95.58% 23.91% 26.24% 43.26% 20.75% 42.73% 25.43% 52.74% 49.74% 143.99%

Quarterly Metrics And Ratios for ArcBest

This table displays calculated financial ratios and metrics derived from ArcBest's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 22,295,803.00 22,263,780.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 22,295,803.00 22,263,780.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.05 -0.62
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.36% -6.30% -2.32% -5.78% -8.07% -6.69% -5.16% -1.41% -2.89% 3.28% 15.87%
EBITDA Growth		 19.06% -46.73% 1.66% 109.51% -25.25% 47.23% -6.55% -42.09% -52.63% 1.83% -66.74%
EBIT Growth		 27.77% -125.13% 1.93% 200.70% -42.55% 200.26% -21.17% -59.17% -122.25% -60.58% -148.75%
NOPAT Growth		 30.70% -7.28% 35.88% 194.93% -36.02% -68.33% -42.50% -59.52% -119.54% -51.72% -153.92%
Net Income Growth		 30.67% -103.24% 16.03% 187.29% -40.49% 235.42% -45.00% -60.85% -127.95% -133.12% -153.56%
EPS Growth		 34.44% -103.52% 19.51% 197.89% -40.39% 230.00% -42.86% -59.34% -128.93% -138.46% -155.36%
Operating Cash Flow Growth		 5.85% -68.70% 60.94% -2.36% -55.42% -445.15% -18.92% 10.51% -21.37% 136.49% 19.65%
Free Cash Flow Firm Growth		 61.82% -20.45% 34.95% -157.46% -230.82% -422.34% -546.31% 8.43% 63.36% 101.57% 134.90%
Invested Capital Growth		 8.51% 4.90% 6.43% 14.96% 16.57% 18.77% 18.91% 8.52% 4.13% -0.10% -5.87%
Revenue Q/Q Growth		 -3.44% -4.88% 4.00% -1.36% -5.78% -3.45% 5.71% 2.53% -7.20% 2.68% 18.60%
EBITDA Q/Q Growth		 25.60% -69.95% 171.46% 104.49% -55.19% -40.81% 72.30% 26.72% -63.35% 27.25% -43.73%
EBIT Q/Q Growth		 46.10% -108.73% 933.87% 182.65% -72.09% -84.76% 555.60% 46.42% -115.21% 127.00% -910.84%
NOPAT Q/Q Growth		 37.65% -66.03% 196.47% 112.76% -70.14% -83.19% 438.30% 49.77% -114.42% 141.54% -701.25%
Net Income Q/Q Growth		 39.73% -104.74% 2,129.58% 113.78% -71.06% -89.22% 724.31% 52.17% -120.67% 87.22% -1,233.08%
EPS Q/Q Growth		 42.96% -104.93% 2,060.00% 115.82% -71.39% -89.26% 761.54% 53.57% -120.35% 85.71% -1,140.00%
Operating Cash Flow Q/Q Growth		 40.02% -94.92% 1,967.96% -33.57% -36.07% -139.30% 585.78% -9.45% -54.51% -80.88% 1,419.57%
Free Cash Flow Firm Q/Q Growth		 -55.22% 15.53% 26.05% -165.53% -99.45% -33.37% 8.50% 62.38% 20.20% 105.72% 1,932.13%
Invested Capital Q/Q Growth		 1.78% 3.81% -0.57% 9.43% 3.21% 5.77% -0.45% -0.13% -0.97% 1.48% -6.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 9.49% 3.00% 7.83% 16.22% 7.72% 4.73% 7.71% 9.53% 3.76% 4.66% 2.21%
Operating Margin		 5.90% 2.16% 4.53% 12.70% 3.81% 0.69% 3.65% 5.21% -0.85% 0.34% -1.74%
EBIT Margin		 6.06% -0.56% 4.46% 12.78% 3.79% 0.60% 3.71% 5.29% -0.87% 0.23% -1.56%
Profit (Net Income) Margin		 4.48% -0.22% 4.35% 9.44% 2.90% 0.32% 2.52% 3.75% -0.83% -0.10% -1.17%
Tax Burden Percent		 71.96% 49.43% 95.32% 73.38% 77.51% 75.01% 71.76% 73.40% 76.89% 77.74% 65.97%
Interest Burden Percent		 102.72% 81.14% 102.42% 100.62% 98.78% 72.23% 94.93% 96.46% 125.10% -58.56% 113.45%
Effective Tax Rate		 28.04% 0.00% 4.68% 26.62% 22.49% 24.99% 28.24% 26.60% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 14.84% 4.94% 14.19% 28.57% 8.65% 1.41% 7.13% 9.96% -1.52% 0.60% -3.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.53% -9.85% 14.56% 29.55% 8.28% 0.64% 6.70% 9.61% -2.41% -0.43% -3.05%
Return on Net Nonoperating Assets (RNNOA)		 1.07% -0.99% 1.17% 2.99% 0.96% 0.12% 1.18% 1.73% -0.49% -0.11% -0.68%
Return on Equity (ROE)		 15.91% 3.95% 15.35% 31.56% 9.61% 1.53% 8.31% 11.69% -2.00% 0.49% -3.94%
Cash Return on Invested Capital (CROIC)		 2.21% 5.09% 4.75% 1.15% -1.73% -5.12% -6.51% -1.64% 0.12% 3.96% 7.51%
Operating Return on Assets (OROA)		 10.77% -1.01% 8.01% 22.48% 6.44% 1.03% 6.16% 8.70% -1.42% 0.38% -2.67%
Return on Assets (ROA)		 7.96% -0.41% 7.82% 16.60% 4.93% 0.56% 4.20% 6.16% -1.37% -0.17% -1.99%
Return on Common Equity (ROCE)		 15.91% 3.95% 15.35% 31.56% 9.61% 1.53% 8.31% 11.69% -2.00% 0.49% -3.94%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.96% 10.42% 14.82% 0.00% 13.86% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 16 47 99 30 4.97 27 40 -5.78 2.40 -14
NOPAT Margin		 4.24% 1.52% 4.32% 9.32% 2.95% 0.51% 2.62% 3.83% -0.59% 0.24% -1.22%
Net Nonoperating Expense Percent (NNEP)		 -3.69% 14.79% -0.37% -0.98% 0.37% 0.77% 0.43% 0.35% 0.89% 1.03% -0.21%
Return On Investment Capital (ROIC_SIMPLE)		 2.81% - - - 1.75% 0.29% 1.52% 2.29% -0.34% 0.14% -0.85%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.10% 97.84% 95.47% 87.30% 96.19% 99.31% 96.35% 94.79% 100.85% 99.66% 101.74%
Earnings before Interest and Taxes (EBIT)		 66 -5.76 48 136 38 5.78 38 55 -8.44 2.28 -18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 103 31 84 172 77 46 79 100 37 47 26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.28 2.75 2.04 1.96 1.66 1.26 1.36 1.20 1.29 1.70 2.52
Price to Tangible Book Value (P/TBV)		 3.38 4.10 3.01 2.82 2.37 1.81 1.93 1.69 1.81 2.40 3.45
Price to Revenue (P/Rev)		 0.64 0.77 0.58 0.60 0.52 0.40 0.44 0.39 0.42 0.54 0.76
Price to Earnings (P/E)		 14.48 27.61 19.53 13.24 12.54 9.11 11.15 16.33 27.76 39.21 196.09
Dividend Yield		 0.40% 0.34% 0.45% 0.44% 0.52% 0.68% 0.62% 0.69% 0.65% 0.49% 0.33%
Earnings Yield		 6.91% 3.62% 5.12% 7.55% 7.98% 10.98% 8.97% 6.12% 3.60% 2.55% 0.51%
Enterprise Value to Invested Capital (EV/IC)		 2.20 2.57 1.94 1.84 1.56 1.21 1.29 1.16 1.23 1.56 2.27
Enterprise Value to Revenue (EV/Rev)		 0.66 0.81 0.61 0.64 0.58 0.48 0.51 0.47 0.49 0.63 0.82
Enterprise Value to EBITDA (EV/EBITDA)		 8.88 11.71 8.75 7.02 6.58 5.17 5.56 6.23 7.56 9.66 16.49
Enterprise Value to EBIT (EV/EBIT)		 16.02 23.00 17.17 11.25 11.12 8.63 9.57 13.72 21.74 29.01 111.88
Enterprise Value to NOPAT (EV/NOPAT)		 22.12 26.60 18.19 13.09 12.40 10.90 12.98 18.54 30.20 40.29 149.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.02 11.40 7.35 7.70 8.41 7.64 8.98 7.80 8.61 9.70 12.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 103.83 51.60 42.05 171.35 0.00 0.00 0.00 0.00 1,032.31 39.31 29.27
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.32 0.32 0.29 0.29 0.33 0.35 0.32 0.33 0.33 0.33
Long-Term Debt to Equity		 0.27 0.26 0.27 0.24 0.24 0.28 0.29 0.26 0.26 0.26 0.26
Financial Leverage		 0.06 0.10 0.08 0.10 0.12 0.19 0.18 0.18 0.20 0.26 0.22
Leverage Ratio		 2.08 1.97 1.97 1.92 1.92 1.89 1.93 1.87 1.87 1.88 1.92
Compound Leverage Factor		 2.14 1.60 2.02 1.93 1.90 1.37 1.83 1.80 2.34 -1.10 2.17
Debt to Total Capital		 24.61% 24.01% 24.01% 22.18% 22.39% 24.88% 25.99% 24.32% 24.84% 24.76% 25.04%
Short-Term Debt to Total Capital		 4.06% 3.93% 3.62% 3.70% 3.78% 3.87% 4.41% 4.50% 5.10% 5.50% 5.59%
Long-Term Debt to Total Capital		 20.55% 20.08% 20.40% 18.48% 18.61% 21.01% 21.58% 19.82% 19.74% 19.25% 19.46%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.39% 75.99% 75.99% 77.82% 77.61% 75.12% 74.01% 75.68% 75.16% 75.24% 74.96%
Debt to EBITDA		 1.24 1.29 1.29 0.95 1.04 1.13 1.22 1.41 1.64 1.62 2.02
Net Debt to EBITDA		 0.23 0.48 0.43 0.46 0.61 0.87 0.85 0.97 1.16 1.29 1.22
Long-Term Debt to EBITDA		 1.04 1.08 1.10 0.79 0.86 0.95 1.01 1.15 1.30 1.26 1.57
Debt to NOPAT		 3.09 2.93 2.69 1.78 1.96 2.38 2.85 4.19 6.56 6.74 18.40
Net Debt to NOPAT		 0.58 1.10 0.89 0.87 1.15 1.83 1.98 2.88 4.65 5.36 11.08
Long-Term Debt to NOPAT		 2.58 2.45 2.28 1.48 1.63 2.01 2.37 3.42 5.21 5.24 14.30
Altman Z-Score		 4.04 4.44 3.96 4.17 3.78 3.43 3.42 3.33 3.32 3.59 4.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.26 1.23 1.19 1.04 1.01 1.00 0.96 0.98 0.95 0.93 0.97
Quick Ratio		 1.16 1.11 1.09 0.94 0.88 0.86 0.85 0.84 0.79 0.78 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -57 -48 -36 -95 -189 -252 -230 -87 -69 3.96 80
Operating Cash Flow to CapEx		 140.01% 11.27% 252.54% 135.14% 117.02% -155.34% 390.55% 232.04% 482.78% 74.40% 1,072.95%
Free Cash Flow to Firm to Interest Expense		 -24.54 -21.64 -17.16 -41.51 -78.91 -91.42 -77.96 -26.01 -20.85 0.92 23.72
Operating Cash Flow to Interest Expense		 54.78 2.90 64.36 38.95 23.74 -8.10 36.68 29.45 13.46 1.99 38.26
Operating Cash Flow Less CapEx to Interest Expense		 15.65 -22.86 38.87 10.13 3.45 -13.32 27.29 16.76 10.67 -0.69 34.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.78 1.82 1.80 1.76 1.70 1.73 1.66 1.64 1.64 1.66 1.71
Accounts Receivable Turnover		 8.76 9.40 9.82 9.31 9.15 9.30 9.35 9.30 9.68 9.04 9.46
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 5.16 5.00 4.81 4.46 4.22 4.11 3.89 3.67 3.63 3.68 3.81
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 41.66 38.82 37.16 39.20 39.88 39.27 39.03 39.23 37.69 40.36 38.58
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 41.66 38.82 37.16 39.20 39.88 39.27 39.03 39.23 37.69 40.36 38.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,318 1,368 1,360 1,489 1,536 1,625 1,618 1,615 1,600 1,623 1,523
Invested Capital Turnover		 3.50 3.26 3.28 3.07 2.93 2.75 2.72 2.60 2.56 2.49 2.68
Increase / (Decrease) in Invested Capital		 103 64 82 194 218 257 257 127 63 -1.56 -95
Enterprise Value (EV)		 2,905 3,510 2,635 2,746 2,403 1,964 2,082 1,880 1,972 2,530 3,451
Market Capitalization		 2,829 3,364 2,506 2,564 2,181 1,634 1,764 1,588 1,668 2,193 3,196
Book Value per Share		 $52.50 $51.90 $52.56 $55.28 $56.17 $55.93 $56.76 $58.21 $57.56 $57.70 $56.94
Tangible Book Value per Share		 $35.35 $34.80 $35.51 $38.52 $39.36 $39.07 $39.86 $41.31 $40.94 $41.03 $41.55
Total Capital		 1,648 1,609 1,621 1,680 1,693 1,724 1,757 1,748 1,724 1,710 1,691
Total Debt		 406 386 389 373 379 429 457 425 428 423 423
Total Long-Term Debt		 339 323 331 310 315 362 379 346 340 329 329
Net Debt		 75 145 129 181 222 330 317 292 304 337 255
Capital Expenditures (CapEx)		 91 57 53 66 49 14 28 42 9.25 11 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -80 -38 -80 -103 -84 -31 -85 -67 -67 -41 -97
Debt-free Net Working Capital (DFNWC)		 250 203 180 89 74 68 54 65 57 45 71
Net Working Capital (NWC)		 183 140 121 26 9.66 0.82 -23 -13 -31 -49 -23
Net Nonoperating Expense (NNE)		 -2.56 18 -0.36 -1.26 0.54 1.84 0.96 0.82 2.34 3.44 -0.61
Net Nonoperating Obligations (NNO)		 75 145 129 181 222 330 317 292 304 337 255
Total Depreciation and Amortization (D&A)		 37 37 36 37 39 40 41 44 45 44 45
Debt-free, Cash-free Net Working Capital to Revenue		 -1.80% -0.87% -1.86% -2.40% -2.00% -0.76% -2.11% -1.67% -1.68% -1.02% -2.31%
Debt-free Net Working Capital to Revenue		 5.65% 4.66% 4.15% 2.08% 1.76% 1.64% 1.34% 1.62% 1.42% 1.12% 1.70%
Net Working Capital to Revenue		 4.14% 3.21% 2.80% 0.62% 0.23% 0.02% -0.57% -0.33% -0.77% -1.21% -0.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.08 ($0.10) $1.99 $4.25 $1.25 $0.13 $1.12 $1.73 ($0.35) ($0.05) ($0.62)
Adjusted Weighted Average Basic Shares Outstanding		 24.02M 23.56M 23.62M 23.62M 23.55M 23.20M 22.94M 22.72M 22.84M 22.34M 22.35M
Adjusted Diluted Earnings per Share		 $2.03 ($0.10) $1.96 $4.23 $1.21 $0.13 $1.12 $1.72 ($0.35) ($0.05) ($0.62)
Adjusted Weighted Average Diluted Shares Outstanding		 24.63M 23.56M 23.92M 23.69M 23.82M 23.27M 23.01M 22.81M 22.93M 22.34M 22.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.52M 23.43M 23.65M 23.40M 23.15M 22.91M 22.73M 22.51M 22.30M 22.26M 22.35M
Normalized Net Operating Profit after Tax (NOPAT)		 46 16 47 99 30 4.97 27 40 -5.78 2.40 -14
Normalized NOPAT Margin		 4.24% 1.52% 4.32% 9.32% 2.95% 0.51% 2.62% 3.83% -0.59% 0.24% -1.22%
Pre Tax Income Margin		 6.22% -0.45% 4.57% 12.86% 3.74% 0.43% 3.52% 5.11% -1.09% -0.13% -1.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 28.38 -2.59 23.13 59.56 15.85 2.10 12.82 16.64 -2.54 0.53 -5.45
NOPAT to Interest Expense		 19.88 7.05 22.41 43.43 12.36 1.81 9.06 12.03 -1.74 0.56 -4.26
EBIT Less CapEx to Interest Expense		 -10.75 -28.35 -2.35 30.74 -4.44 -3.12 3.42 3.95 -5.33 -2.15 -9.01
NOPAT Less CapEx to Interest Expense		 -19.25 -18.71 -3.08 14.61 -7.92 -3.41 -0.34 -0.66 -4.53 -2.12 -7.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.91% 9.40% 8.87% 5.85% 6.49% 6.27% 7.07% 11.39% 18.25% 19.42% 66.22%
Augmented Payout Ratio		 52.74% 85.81% 72.71% 48.05% 49.74% 51.74% 60.99% 90.83% 143.99% 128.49% 323.94%

Financials Breakdown Chart

Key Financial Trends

ArcBest’s financial results show a mixed picture through the second quarter of 2026. Revenue improved meaningfully, but profitability weakened. Q2 2026 operating revenue rose to $1.18 billion, up approximately 16% from $1.02 billion in Q2 2025. However, operating expenses increased faster than revenue, producing a $20.6 million operating loss compared with $37.3 million of operating income a year earlier. ArcBest reported a Q2 net loss of $13.8 million, or $0.62 per diluted share, versus net income of $25.8 million, or $1.12 per share, in Q2 2025.

Cash generation remains a key strength. Operating cash flow increased to $129.7 million in Q2 2026 from $108.4 million in Q2 2025 and $8.5 million in Q1 2026. Lower capital expenditures also helped: purchases of property and equipment declined to $16.3 million from $30.6 million in the year-ago quarter. As a result, cash and equivalents rose to $145.9 million at June 30, 2026, from $64.1 million at the end of Q1.

The balance sheet is generally stable but offers limited short-term liquidity cushion. Total assets were $2.45 billion, while total liabilities were $1.18 billion and shareholders’ equity was $1.27 billion. Cash and short-term investments totaled approximately $168.4 million, compared with total debt and capital lease obligations of about $423.9 million. ArcBest continues to repay debt and repurchase shares, but its current liabilities exceeded current assets by approximately $23.1 million at the end of Q2 2026.

  • Revenue growth accelerated: Q2 2026 revenue increased approximately 16% year over year, following growth from $967.1 million in Q1 2025 to $998.8 million in Q1 2026.
  • Operating cash flow remained strong: Q2 operating cash flow of $129.7 million was the strongest reported quarter in the provided 2026 data and exceeded the year-ago figure by roughly 20%.
  • Capital spending moderated: Q2 2026 capital expenditures fell nearly 47% year over year to $16.3 million, supporting stronger free-cash-flow conversion.
  • Debt repayment continued: ArcBest repaid $30.4 million of debt in Q2 2026 and $22.3 million in Q1. Total debt and capital lease obligations were lower than the approximately $456.7 million reported at the end of Q2 2025.
  • Share count declined: Weighted-average basic shares fell to 22.35 million in Q2 2026 from 22.94 million in Q2 2025, helped by ongoing share repurchases.
  • Shareholder distributions continued: The company paid approximately $2.7 million in dividends during Q2 2026 and maintained a quarterly dividend of $0.12 per share in the reported periods.
  • Liquidity improved during Q2: Cash and equivalents increased by $81.8 million during the quarter, but much of that improvement reflected strong operating cash flow and lower investment spending rather than positive net income.
  • Balance-sheet leverage appears manageable: Equity represented approximately 52% of total assets at June 30, 2026, although capital lease obligations remain a significant component of the company’s liabilities.
  • Profitability deteriorated sharply: ArcBest moved from operating income of $37.3 million in Q2 2025 to an operating loss of $20.6 million in Q2 2026, despite higher revenue.
  • Current liabilities exceeded current assets: Q2 current assets of $706.5 million were below current liabilities of $729.6 million, leaving a current ratio below 1.0 and limiting the company’s short-term liquidity flexibility.
09/05/26 10:02 PM ETAI Generated. May Contain Errors.

ArcBest Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ArcBest's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

ArcBest's net income appears to be on an upward trend, with a most recent value of $60.10 million in 2025, rising from $44.85 million in 2015. The previous period was $173.96 million in 2024. See ArcBest's forecast for analyst expectations on what's next for the company.

ArcBest's total operating income in 2025 was $90.31 million, based on the following breakdown:
  • Total Gross Profit: $4.01 billion
  • Total Operating Expenses: $3.92 billion

Over the last 10 years, ArcBest's total revenue changed from $2.67 billion in 2015 to $4.01 billion in 2025, a change of 50.4%.

ArcBest's total liabilities were at $1.16 billion at the end of 2025, a 3.7% increase from 2024, and a 71.6% increase since 2015.

In the past 10 years, ArcBest's cash and equivalents has ranged from $76.62 million in 2021 to $303.95 million in 2020, and is currently $102.03 million as of their latest financial filing in 2025.

Over the last 10 years, ArcBest's book value per share changed from 22.68 in 2015 to 57.56 in 2025, a change of 153.8%.


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Financial statements for NASDAQ:ARCB last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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