ArcBest (ARCB) Financials

$121.12 -0.66 (-0.54%)

As of 10:13 AM Eastern

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

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	35	49	-2.31	47	100	29	3.13	26	39	-8.12	-1.04
Consolidated Net Income / (Loss)	35	49	-2.31	47	100	29	3.13	26	39	-8.12	-1.04
Net Income / (Loss) Continuing Operations	35	49	-2.91	47	100	29	3.13	26	39	-8.12	-1.04
Total Pre-Tax Income	47	68	-4.68	49	137	37	4.17	36	54	-11	-1.33
Total Operating Income	45	64	22	49	135	38	6.63	37	55	-8.26	3.43
Total Gross Profit	1,128	1,090	1,036	1,078	1,063	1,002	967	1,022	1,048	973	999
Total Revenue	1,128	1,090	1,036	1,078	1,063	1,002	967	1,022	1,048	973	999
Operating Revenue	1,128	1,090	1,036	1,078	1,063	1,002	967	1,022	1,048	973	999
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	1,083	1,025	1,014	1,029	928	963	960	985	994	981	995
Other Operating Expenses / (Income)	1,083	1,025	1,014	1,029	928	963	960	985	994	981	995
Total Other Income / (Expense), net	1.80	3.55	-27	0.38	1.71	-0.70	-2.46	-1.34	-1.12	-2.30	-4.76
Interest Expense	2.24	2.33	2.23	2.08	2.28	2.39	2.76	2.96	3.33	3.32	4.29
Interest & Investment Income	3.95	4.12	3.32	3.24	3.13	1.93	1.15	1.04	1.37	1.20	0.68
Other Income / (Expense), net	0.09	1.76	-28	-0.78	0.86	-0.24	-0.85	0.58	0.85	-0.18	-1.15
Income Tax Expense	12	19	-1.77	2.30	36	8.43	1.04	10	14	-2.44	-0.30
Basic Earnings per Share	$1.45	$2.08	($0.10)	$1.99	$4.25	$1.25	$0.13	$1.12	$1.73	($0.35)	($0.05)
Weighted Average Basic Shares Outstanding	24.00M	24.02M	23.56M	23.62M	23.62M	23.55M	23.20M	22.94M	22.72M	22.84M	22.34M
Diluted Earnings per Share	$1.42	$2.03	($0.10)	$1.96	$4.23	$1.21	$0.13	$1.12	$1.72	($0.35)	($0.05)
Weighted Average Diluted Shares Outstanding	24.53M	24.63M	23.56M	23.92M	23.69M	23.82M	23.27M	23.01M	22.81M	22.93M	22.34M
Weighted Average Basic & Diluted Shares Outstanding	23.66M	23.52M	23.43M	23.65M	23.40M	23.15M	22.91M	22.73M	22.51M	22.30M	22.26M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.12	-	$0.12	$0.12	$0.12	-	$0.12

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	64	11	-89	43	-65	-23	-53	41	5.73	-19	-38
Net Cash From Operating Activities	91	127	6.47	134	89	57	-23	108	98	45	8.54
Net Cash From Continuing Operating Activities	91	127	6.47	134	89	57	-23	108	98	45	8.54
Net Income / (Loss) Continuing Operations	35	49	-2.31	47	100	29	3.13	26	39	-8.12	-1.04
Consolidated Net Income / (Loss)	35	49	-2.31	47	100	29	3.13	26	39	-8.12	-1.04
Depreciation Expense	34	34	34	33	33	36	37	38	41	42	42
Amortization Expense	3.23	3.20	3.22	3.20	3.20	3.21	3.20	3.20	3.20	3.20	2.59
Non-Cash Adjustments To Reconcile Net Income	34	7.15	24	-3.29	2.05	5.58	-8.12	4.31	-12	26	2.89
Changes in Operating Assets and Liabilities, net	-15	34	-52	54	-50	-17	-58	37	26	-18	-38
Net Cash From Investing Activities	17	-70	-57	-30	-62	-38	-8.06	-28	-21	-19	-11
Net Cash From Continuing Investing Activities	17	-70	-57	-30	-62	-38	-8.06	-28	-21	-19	-11
Purchase of Property, Plant & Equipment	-49	-93	-59	-54	-70	-58	-18	-31	-69	-11	-13
Sale of Property, Plant & Equipment	3.12	1.79	1.29	1.05	3.85	9.19	3.28	2.87	26	1.95	1.85
Sale and/or Maturity of Investments	97	38	5.64	23	27	11	5.24	-	25	-0.99	0.00
Other Investing Activities, net	-	-	-	-	-	-	1.08	-	-	1.00	0.00
Net Cash From Financing Activities	-44	-47	-39	-61	-92	-42	-22	-40	-72	-44	-35
Net Cash From Continuing Financing Activities	-44	-47	-39	-61	-92	-42	-22	-40	-72	-44	-35
Repayment of Debt	-17	-17	-17	-19	-67	-18	-17	-18	-52	-21	-22
Repurchase of Common Equity	-25	-26	-16	-16	-24	-19	-22	-20	-16	-17	-7.42
Payment of Dividends	-2.89	-2.85	-2.83	-2.82	-2.84	-2.81	-2.79	-2.76	-2.73	-2.70	-2.68
Issuance of Debt	-	-	0.00	-	-	-	25	-	-	-	0.00
Other Financing Activities, net	0.65	-1.87	-3.60	-23	2.38	-1.90	-4.78	0.80	-1.02	-3.00	-2.62

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
Capital Lease Obligations	-	-	-	-	-	-	-	148	177	190	204
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	34
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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	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
Total Assets	2,440	2,432	2,414	2,437	2,357	2,409	2,414	2,407	2,467	2,501	2,458
Total Current Assets	998	917	865	890	758	767	692	625	638	657	643
Cash & Equivalents	156	203	187	252	173	216	150	74	115	121	64
Short-Term Investments	146	162	153	89	68	45	41	25	25	12	22
Accounts Receivable	639	482	441	480	445	441	436	439	426	432	455
Prepaid Expenses	32	41	33	31	39	32	32	47	38	35	49
Other Current Assets	26	28	51	38	33	34	32	41	35	57	53
Plant, Property, & Equipment, net	746	805	829	862	938	971	1,049	1,063	1,113	1,150	1,136
Plant, Property & Equipment, gross	1,867	1,957	1,988	2,033	2,131	2,183	2,257	2,263	2,312	2,361	2,370
Accumulated Depreciation	1,121	1,151	1,160	1,171	1,194	1,212	1,207	1,199	1,199	1,211	1,235
Total Noncurrent Assets	696	709	720	685	661	670	673	718	716	694	680
Goodwill	307	305	305	305	305	305	305	305	305	305	305
Intangible Assets	117	111	107	104	98	95	92	85	82	79	67
Noncurrent Deferred & Refundable Income Taxes	5.56	7.29	6.92	7.62	10	9.97	8.29	9.27	9.32	7.83	16
Other Noncurrent Operating Assets	267	287	301	269	248	261	268	319	320	302	292
Total Liabilities & Shareholders' Equity	2,440	2,432	2,414	2,437	2,357	2,409	2,414	2,407	2,467	2,501	2,458
Total Liabilities	1,314	1,226	1,203	1,217	1,134	1,177	1,107	1,112	1,167	1,178	1,172
Total Current Liabilities	757	688	641	668	619	646	666	624	661	670	692
Short-Term Debt	64	108	65	67	63	59	62	67	78	79	94
Accounts Payable	330	254	246	246	210	222	205	167	177	164	164
Accrued Expenses	332	279	299	323	313	332	361	357	369	392	388
Current Deferred & Payable Income Tax Liabilities	7.67	19	0.00	1.39	0.01	0.00	4.81	-	3.63	-	8.51
Other Current Liabilities	25	28	31	31	32	33	33	34	35	35	37
Total Noncurrent Liabilities	556	538	561	548	516	531	442	488	506	508	480
Long-Term Debt	190	186	168	176	149	145	118	148	164	135	130
Capital Lease Obligations	146	170	174	172	174	186	192	215	215	211	200
Noncurrent Deferred & Payable Income Tax Liabilities	69	51	53	50	45	46	66	79	78	114	106
Noncurrent Employee Benefit Liabilities	17	12	12	12	13	13	13	13	13	13	14
Other Noncurrent Operating Liabilities	135	118	154	138	135	142	52	33	35	34	31
Commitments & Contingencies	-	-	-	-	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	1,126	1,206	1,211	1,221	1,223	1,232	1,307	1,295	1,300	1,323	1,287
Total Preferred & Common Equity	1,126	1,206	1,211	1,221	1,223	1,232	1,307	1,295	1,300	1,323	1,287
Total Common Equity	1,126	1,206	1,211	1,221	1,223	1,232	1,307	1,295	1,300	1,323	1,287
Common Stock	337	341	336	339	343	325	328	332	334	337	341
Retained Earnings	1,054	1,157	1,195	1,227	1,267	1,312	1,409	1,436	1,459	1,495	1,481
Treasury Stock	-269	-298	-326	-350	-391	-407	-432	-473	-493	-509	-534
Accumulated Other Comprehensive Income / (Loss)	3.98	6.39	6.57	5.59	3.35	2.47	2.35	-0.07	0.45	0.10	-0.61

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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	22,295,803.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	22,295,803.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.55%	-6.36%	-6.30%	-2.32%	-5.78%	-8.07%	-6.69%	-5.16%	-1.41%	-2.89%	3.28%
EBITDA Growth	-45.07%	19.06%	-46.73%	1.66%	109.51%	-25.25%	47.23%	-6.55%	-42.09%	-52.63%	1.83%
EBIT Growth	-60.76%	27.77%	-125.13%	1.93%	200.70%	-42.55%	200.26%	-21.17%	-59.17%	-122.25%	-60.58%
NOPAT Growth	-62.37%	30.70%	-7.28%	35.88%	194.93%	-36.02%	-68.33%	-42.50%	-59.52%	-119.54%	-51.72%
Net Income Growth	-60.70%	30.67%	-103.24%	16.03%	187.29%	-40.49%	235.42%	-45.00%	-60.85%	-127.95%	-133.12%
EPS Growth	-59.43%	34.44%	-103.52%	19.51%	197.89%	-40.39%	230.00%	-42.86%	-59.34%	-128.93%	-138.46%
Operating Cash Flow Growth	-45.12%	5.85%	-68.70%	60.94%	-2.36%	-55.42%	-445.15%	-18.92%	10.51%	-21.37%	136.49%
Free Cash Flow Firm Growth	90.77%	61.82%	-20.45%	34.95%	-157.46%	-230.82%	-422.34%	-546.31%	8.43%	63.36%	101.57%
Invested Capital Growth	5.75%	8.51%	4.90%	6.43%	14.96%	16.57%	18.77%	18.91%	8.52%	4.13%	-0.10%
Revenue Q/Q Growth	2.26%	-3.44%	-4.88%	4.00%	-1.36%	-5.78%	-3.45%	5.71%	2.53%	-7.20%	2.68%
EBITDA Q/Q Growth	-0.78%	25.60%	-69.95%	171.46%	104.49%	-55.19%	-40.81%	72.30%	26.72%	-63.35%	27.25%
EBIT Q/Q Growth	-4.19%	46.10%	-108.73%	933.87%	182.65%	-72.09%	-84.76%	555.60%	46.42%	-115.21%	127.00%
NOPAT Q/Q Growth	-1.98%	37.65%	-66.03%	196.47%	112.76%	-70.14%	-83.19%	438.30%	49.77%	-114.42%	141.54%
Net Income Q/Q Growth	-13.66%	39.73%	-104.74%	2,129.58%	113.78%	-71.06%	-89.22%	724.31%	52.17%	-120.67%	87.22%
EPS Q/Q Growth	-13.41%	42.96%	-104.93%	2,060.00%	115.82%	-71.39%	-89.26%	761.54%	53.57%	-120.35%	85.71%
Operating Cash Flow Q/Q Growth	9.51%	40.02%	-94.92%	1,967.96%	-33.57%	-36.07%	-139.30%	585.78%	-9.45%	-54.51%	-80.88%
Free Cash Flow Firm Q/Q Growth	32.91%	-55.22%	15.53%	26.05%	-165.53%	-99.45%	-33.37%	8.50%	62.38%	20.20%	105.72%
Invested Capital Q/Q Growth	1.31%	1.78%	3.81%	-0.57%	9.43%	3.21%	5.77%	-0.45%	-0.13%	-0.97%	1.48%
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	7.30%	9.49%	3.00%	7.83%	16.22%	7.72%	4.73%	7.71%	9.53%	3.76%	4.66%
Operating Margin	4.00%	5.90%	2.16%	4.53%	12.70%	3.81%	0.69%	3.65%	5.21%	-0.85%	0.34%
EBIT Margin	4.00%	6.06%	-0.56%	4.46%	12.78%	3.79%	0.60%	3.71%	5.29%	-0.87%	0.23%
Profit (Net Income) Margin	3.09%	4.48%	-0.22%	4.35%	9.44%	2.90%	0.32%	2.52%	3.75%	-0.83%	-0.10%
Tax Burden Percent	74.47%	71.96%	49.43%	95.32%	73.38%	77.51%	75.01%	71.76%	73.40%	76.89%	77.74%
Interest Burden Percent	103.78%	102.72%	81.14%	102.42%	100.62%	98.78%	72.23%	94.93%	96.46%	125.10%	-58.56%
Effective Tax Rate	25.51%	28.04%	0.00%	4.68%	26.62%	22.49%	24.99%	28.24%	26.60%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.64%	14.84%	4.94%	14.19%	28.57%	8.65%	1.41%	7.13%	9.96%	-1.52%	0.60%
ROIC Less NNEP Spread (ROIC-NNEP)	12.18%	18.53%	-9.85%	14.56%	29.55%	8.28%	0.64%	6.70%	9.61%	-2.41%	-0.43%
Return on Net Nonoperating Assets (RNNOA)	0.89%	1.07%	-0.99%	1.17%	2.99%	0.96%	0.12%	1.18%	1.73%	-0.49%	-0.11%
Return on Equity (ROE)	11.53%	15.91%	3.95%	15.35%	31.56%	9.61%	1.53%	8.31%	11.69%	-2.00%	0.49%
Cash Return on Invested Capital (CROIC)	3.98%	2.21%	5.09%	4.75%	1.15%	-1.73%	-5.12%	-6.51%	-1.64%	0.12%	3.96%
Operating Return on Assets (OROA)	7.39%	10.77%	-1.01%	8.01%	22.48%	6.44%	1.03%	6.16%	8.70%	-1.42%	0.38%
Return on Assets (ROA)	5.71%	7.96%	-0.41%	7.82%	16.60%	4.93%	0.56%	4.20%	6.16%	-1.37%	-0.17%
Return on Common Equity (ROCE)	11.53%	15.91%	3.95%	15.35%	31.56%	9.61%	1.53%	8.31%	11.69%	-2.00%	0.49%
Return on Equity Simple (ROE_SIMPLE)	15.07%	0.00%	9.96%	10.42%	14.82%	0.00%	13.86%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	34	46	16	47	99	30	4.97	27	40	-5.78	2.40
NOPAT Margin	2.98%	4.24%	1.52%	4.32%	9.32%	2.95%	0.51%	2.62%	3.83%	-0.59%	0.24%
Net Nonoperating Expense Percent (NNEP)	-1.54%	-3.69%	14.79%	-0.37%	-0.98%	0.37%	0.77%	0.43%	0.35%	0.89%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	2.81%	-	-	-	1.75%	0.29%	1.52%	2.29%	-0.34%	0.14%
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	96.00%	94.10%	97.84%	95.47%	87.30%	96.19%	99.31%	96.35%	94.79%	100.85%	99.66%
Earnings before Interest and Taxes (EBIT)	45	66	-5.76	48	136	38	5.78	38	55	-8.44	2.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	82	103	31	84	172	77	46	79	100	37	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.99	2.28	2.75	2.04	1.96	1.66	1.26	1.36	1.20	1.29	1.70
Price to Tangible Book Value (P/TBV)	3.00	3.38	4.10	3.01	2.82	2.37	1.81	1.93	1.69	1.81	2.40
Price to Revenue (P/Rev)	0.54	0.64	0.77	0.58	0.60	0.52	0.40	0.44	0.39	0.42	0.54
Price to Earnings (P/E)	13.22	14.48	27.61	19.53	13.24	12.54	9.11	11.15	16.33	27.76	39.21
Dividend Yield	0.59%	0.40%	0.34%	0.45%	0.44%	0.52%	0.68%	0.62%	0.69%	0.65%	0.49%
Earnings Yield	7.56%	6.91%	3.62%	5.12%	7.55%	7.98%	10.98%	8.97%	6.12%	3.60%	2.55%
Enterprise Value to Invested Capital (EV/IC)	1.94	2.20	2.57	1.94	1.84	1.56	1.21	1.29	1.16	1.23	1.56
Enterprise Value to Revenue (EV/Rev)	0.56	0.66	0.81	0.61	0.64	0.58	0.48	0.51	0.47	0.49	0.63
Enterprise Value to EBITDA (EV/EBITDA)	8.07	8.88	11.71	8.75	7.02	6.58	5.17	5.56	6.23	7.56	9.66
Enterprise Value to EBIT (EV/EBIT)	15.01	16.02	23.00	17.17	11.25	11.12	8.63	9.57	13.72	21.74	29.01
Enterprise Value to NOPAT (EV/NOPAT)	20.80	22.12	26.60	18.19	13.09	12.40	10.90	12.98	18.54	30.20	40.29
Enterprise Value to Operating Cash Flow (EV/OCF)	7.95	9.02	11.40	7.35	7.70	8.41	7.64	8.98	7.80	8.61	9.70
Enterprise Value to Free Cash Flow (EV/FCFF)	49.99	103.83	51.60	42.05	171.35	0.00	0.00	0.00	0.00	1,032.31	39.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.33	0.32	0.32	0.29	0.29	0.33	0.35	0.32	0.33	0.33
Long-Term Debt to Equity	0.29	0.27	0.26	0.27	0.24	0.24	0.28	0.29	0.26	0.26	0.26
Financial Leverage	0.07	0.06	0.10	0.08	0.10	0.12	0.19	0.18	0.18	0.20	0.26
Leverage Ratio	2.08	2.08	1.97	1.97	1.92	1.92	1.89	1.93	1.87	1.87	1.88
Compound Leverage Factor	2.16	2.14	1.60	2.02	1.93	1.90	1.37	1.83	1.80	2.34	-1.10
Debt to Total Capital	25.37%	24.61%	24.01%	24.01%	22.18%	22.39%	24.88%	25.99%	24.32%	24.84%	24.76%
Short-Term Debt to Total Capital	4.09%	4.06%	3.93%	3.62%	3.70%	3.78%	3.87%	4.41%	4.50%	5.10%	5.50%
Long-Term Debt to Total Capital	21.28%	20.55%	20.08%	20.40%	18.48%	18.61%	21.01%	21.58%	19.82%	19.74%	19.25%
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	74.63%	75.39%	75.99%	75.99%	77.82%	77.61%	75.12%	74.01%	75.68%	75.16%	75.24%
Debt to EBITDA	1.34	1.24	1.29	1.29	0.95	1.04	1.13	1.22	1.41	1.64	1.62
Net Debt to EBITDA	0.24	0.23	0.48	0.43	0.46	0.61	0.87	0.85	0.97	1.16	1.29
Long-Term Debt to EBITDA	1.12	1.04	1.08	1.10	0.79	0.86	0.95	1.01	1.15	1.30	1.26
Debt to NOPAT	3.44	3.09	2.93	2.69	1.78	1.96	2.38	2.85	4.19	6.56	6.74
Net Debt to NOPAT	0.61	0.58	1.10	0.89	0.87	1.15	1.83	1.98	2.88	4.65	5.36
Long-Term Debt to NOPAT	2.89	2.58	2.45	2.28	1.48	1.63	2.01	2.37	3.42	5.21	5.24
Altman Z-Score	3.92	4.04	4.44	3.96	4.17	3.78	3.43	3.42	3.33	3.32	3.59
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	1.33	1.26	1.23	1.19	1.04	1.01	1.00	0.96	0.98	0.95	0.93
Quick Ratio	1.23	1.16	1.11	1.09	0.94	0.88	0.86	0.85	0.84	0.79	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	-57	-48	-36	-95	-189	-252	-230	-87	-69	3.96
Operating Cash Flow to CapEx	198.24%	140.01%	11.27%	252.54%	135.14%	117.02%	-155.34%	390.55%	232.04%	482.78%	74.40%
Free Cash Flow to Firm to Interest Expense	-16.45	-24.54	-21.64	-17.16	-41.51	-78.91	-91.42	-77.96	-26.01	-20.85	0.92
Operating Cash Flow to Interest Expense	40.70	54.78	2.90	64.36	38.95	23.74	-8.10	36.68	29.45	13.46	1.99
Operating Cash Flow Less CapEx to Interest Expense	20.17	15.65	-22.86	38.87	10.13	3.45	-13.32	27.29	16.76	10.67	-0.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.85	1.78	1.82	1.80	1.76	1.70	1.73	1.66	1.64	1.64	1.66
Accounts Receivable Turnover	8.05	8.76	9.40	9.82	9.31	9.15	9.30	9.35	9.30	9.68	9.04
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	5.60	5.16	5.00	4.81	4.46	4.22	4.11	3.89	3.67	3.63	3.68
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)	45.37	41.66	38.82	37.16	39.20	39.88	39.27	39.03	39.23	37.69	40.36
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)	45.37	41.66	38.82	37.16	39.20	39.88	39.27	39.03	39.23	37.69	40.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,295	1,318	1,368	1,360	1,489	1,536	1,625	1,618	1,615	1,600	1,623
Invested Capital Turnover	3.57	3.50	3.26	3.28	3.07	2.93	2.75	2.72	2.60	2.56	2.49
Increase / (Decrease) in Invested Capital	70	103	64	82	194	218	257	257	127	63	-1.56
Enterprise Value (EV)	2,506	2,905	3,510	2,635	2,746	2,403	1,964	2,082	1,880	1,972	2,530
Market Capitalization	2,432	2,829	3,364	2,506	2,564	2,181	1,634	1,764	1,588	1,668	2,193
Book Value per Share	$50.81	$52.50	$51.90	$52.56	$55.28	$56.17	$55.93	$56.76	$58.21	$57.56	$57.70
Tangible Book Value per Share	$33.79	$35.35	$34.80	$35.51	$38.52	$39.36	$39.07	$39.86	$41.31	$40.94	$41.03
Total Capital	1,636	1,648	1,609	1,621	1,680	1,693	1,724	1,757	1,748	1,724	1,710
Total Debt	415	406	386	389	373	379	429	457	425	428	423
Total Long-Term Debt	348	339	323	331	310	315	362	379	346	340	329
Net Debt	74	75	145	129	181	222	330	317	292	304	337
Capital Expenditures (CapEx)	46	91	57	53	66	49	14	28	42	9.25	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-52	-80	-38	-80	-103	-84	-31	-85	-67	-67	-41
Debt-free Net Working Capital (DFNWC)	289	250	203	180	89	74	68	54	65	57	45
Net Working Capital (NWC)	222	183	140	121	26	9.66	0.82	-23	-13	-31	-49
Net Nonoperating Expense (NNE)	-1.33	-2.56	18	-0.36	-1.26	0.54	1.84	0.96	0.82	2.34	3.44
Net Nonoperating Obligations (NNO)	74	75	145	129	181	222	330	317	292	304	337
Total Depreciation and Amortization (D&A)	37	37	37	36	37	39	40	41	44	45	44
Debt-free, Cash-free Net Working Capital to Revenue	-1.16%	-1.80%	-0.87%	-1.86%	-2.40%	-2.00%	-0.76%	-2.11%	-1.67%	-1.68%	-1.02%
Debt-free Net Working Capital to Revenue	6.41%	5.65%	4.66%	4.15%	2.08%	1.76%	1.64%	1.34%	1.62%	1.42%	1.12%
Net Working Capital to Revenue	4.93%	4.14%	3.21%	2.80%	0.62%	0.23%	0.02%	-0.57%	-0.33%	-0.77%	-1.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$2.08	($0.10)	$1.99	$4.25	$1.25	$0.13	$1.12	$1.73	($0.35)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	24.00M	24.02M	23.56M	23.62M	23.62M	23.55M	23.20M	22.94M	22.72M	22.84M	22.34M
Adjusted Diluted Earnings per Share	$1.42	$2.03	($0.10)	$1.96	$4.23	$1.21	$0.13	$1.12	$1.72	($0.35)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	24.53M	24.63M	23.56M	23.92M	23.69M	23.82M	23.27M	23.01M	22.81M	22.93M	22.34M
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	23.66M	23.52M	23.43M	23.65M	23.40M	23.15M	22.91M	22.73M	22.51M	22.30M	22.26M
Normalized Net Operating Profit after Tax (NOPAT)	34	46	16	47	99	30	4.97	27	40	-5.78	2.40
Normalized NOPAT Margin	2.98%	4.24%	1.52%	4.32%	9.32%	2.95%	0.51%	2.62%	3.83%	-0.59%	0.24%
Pre Tax Income Margin	4.16%	6.22%	-0.45%	4.57%	12.86%	3.74%	0.43%	3.52%	5.11%	-1.09%	-0.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.21	28.38	-2.59	23.13	59.56	15.85	2.10	12.82	16.64	-2.54	0.53
NOPAT to Interest Expense	15.02	19.88	7.05	22.41	43.43	12.36	1.81	9.06	12.03	-1.74	0.56
EBIT Less CapEx to Interest Expense	-0.32	-10.75	-28.35	-2.35	30.74	-4.44	-3.12	3.42	3.95	-5.33	-2.15
NOPAT Less CapEx to Interest Expense	-5.51	-19.25	-18.71	-3.08	14.61	-7.92	-3.41	-0.34	-0.66	-4.53	-2.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.32%	5.91%	9.40%	8.87%	5.85%	6.49%	6.27%	7.07%	11.39%	18.25%	19.42%
Augmented Payout Ratio	50.23%	52.74%	85.81%	72.71%	48.05%	49.74%	51.74%	60.99%	90.83%	143.99%	128.49%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused snapshot of ArcBest (ARCB) using the latest four years of quarterly statements (income, cash flow, and balance sheet). The focus is on identifying notable trends in profitability, cash generation, and balance-sheet health that may influence forward-looking views for retail investors.

Key takeaways include a mix of profitability swings and improving cash flow in mid-2025, a solid equity base, and a deleveraging trend in long-term debt. Revenue remains in the $1.0B range per quarter, underscoring ArcBest’s scale in the freight-logistics space, even as quarterly results show seasonality and cost pressures.

Positive: In Q2 2025 and Q3 2025 ArcBest delivered positive net income attributable to common shareholders, about $25.8M (EPS ~1.12) and $39.3M (EPS ~1.73) respectively, signaling improved quarterly profitability.
Positive: Operating cash flow from continuing operating activities was robust in mid-2025, with about $108.4M (Q2 2025) and $98.2M (Q3 2025) generated, underscoring strong cash generation from core operations.
Positive: Revenue remained at a sizable scale in 2025, with Q3 2025 operating revenue around $1.048B, consistent with ArcBest’s multi-year scale in freight services.
Positive: The balance sheet shows a solid equity base, with total equity typically around $1.23B–$1.32B across recent quarters, and long-term debt trending lower in 2025 (Q3 2025 long-term debt near $118M), indicating deleveraging and improved leverage versus early 2025.
Neutral: Profitability is cyclical. While mid-2025 quarters were strong, Q4 2025 posted a net loss to common shareholders, highlighting seasonal and cost pressures that can impact quarterly results.
Neutral: Earnings per share fluctuated with quarterly volatility in share count and mix (for example, EPS moved from positive in mid-2025 quarters to negative in Q4 2025), reflecting the impact of financing and equity dynamics on per-share metrics.
Neutral: Cash flow from investing activities remained negative across most periods, driven by ongoing capital expenditures and investments, which is typical for a capital-intensive logistics business and a factor for free cash flow modeling.
Negative: Q4 2025 shows a quarterly net loss to common shareholders (-$8.12M; EPS -$0.35), indicating a near-term profitability setback for that period.
Negative: Financing cash flows were negative in multiple quarters (Q2 2025 around -$39.9M, Q3 2025 around -$71.9M, Q4 2025 around -$44.0M), reflecting cash outflows for debt repayments and share activity rather than cash refinancing or raise.
Negative: Net change in cash and equivalents was negative in at least one quarter (Q4 2025: about -$18.6M), signaling near-term liquidity pressure despite solid CFO in other periods.

05/08/26 09:55 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About ArcBest's Financials

When does ArcBest's financial year end?

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

How has ArcBest's net income changed over the last 10 years?

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. Check out ArcBest's forecast to explore projected trends and price targets.

What is ArcBest's operating income?

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

How has ArcBest's revenue changed over the last 10 years?

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%.

How much debt does ArcBest have?

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.

How much cash does ArcBest have?

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.

How has ArcBest's book value per share changed over the last 10 years?

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 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ArcBest (ARCB) Financials

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