ArcBest (ARCB) Financials

$64.67 +2.55 (+4.10%)

Closing price 04/24/2025 04:00 PM Eastern

Extended Trading

$61.99 -2.68 (-4.14%)

As of 08:10 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	46	45	19	60	67	40	71	214	298	195	174
Consolidated Net Income / (Loss)	46	45	19	60	67	40	71	214	298	195	174
Net Income / (Loss) Continuing Operations	46	45	19	60	67	40	71	210	295	142	173
Total Pre-Tax Income	71	73	28	52	84	51	92	273	388	187	219
Total Operating Income	69	75	34	61	109	64	98	277	395	173	244
Total Gross Profit	2,613	2,667	2,700	2,826	3,094	2,988	2,940	3,766	5,029	4,427	4,179
Total Revenue	2,613	2,667	2,700	2,826	3,094	2,988	2,940	3,766	5,029	4,427	4,179
Operating Revenue	2,613	2,667	2,700	2,826	3,094	2,988	2,940	3,766	5,029	4,427	4,179
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	2,543	2,591	2,666	2,765	2,985	2,925	2,842	3,489	4,634	4,255	3,935
Other Operating Expenses / (Income)	2,543	2,591	2,666	2,765	2,985	2,925	2,842	3,489	4,634	4,255	3,935
Total Other Income / (Expense), net	1.37	-2.76	-5.78	-9.77	-25	-12	-5.78	-3.89	-6.22	14	-26
Interest Expense	3.19	4.40	5.15	6.34	9.47	11	12	8.91	7.73	9.09	8.98
Interest & Investment Income	0.85	1.28	1.52	1.29	3.91	6.45	3.62	1.23	3.87	15	12
Other Income / (Expense), net	3.71	0.35	-2.15	-4.72	-19	-7.29	2.30	3.80	-2.37	8.66	-28
Income Tax Expense	24	28	9.64	-8.15	17	11	21	63	94	45	45
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	3.06	3.56	53	0.60
Basic Earnings per Share	$1.69	$1.71	$0.72	$2.32	$2.61	$1.56	$2.80	$8.38	$12.13	$8.14	$7.39
Weighted Average Basic Shares Outstanding	25.99M	26.01M	25.75M	25.68M	25.68M	25.54M	25.41M	25.47M	24.59M	24.02M	23.55M
Diluted Earnings per Share	$1.69	$1.67	$0.71	$2.25	$2.51	$1.51	$2.69	$7.98	$11.69	$7.93	$7.30
Weighted Average Diluted Shares Outstanding	25.99M	26.53M	26.26M	26.42M	26.70M	26.45M	26.42M	26.77M	25.50M	24.63M	23.82M
Weighted Average Basic & Diluted Shares Outstanding	27.30M	26.20M	25.90M	25.70M	25.57M	25.37M	25.40M	24.60M	24.26M	23.52M	23.15M
Cash Dividends to Common per Share	$0.15	$0.26	$0.32	$0.32	$0.32	$0.32	$0.32	$0.32	$0.44	$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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	89	37	71	40	35	49	-2.31	47	100	29
Consolidated Net Income / (Loss)	89	37	71	40	35	49	-2.31	47	100	29
Net Income / (Loss) Continuing Operations	89	36	19	40	35	49	-2.91	47	100	29
Total Pre-Tax Income	115	52	24	49	47	68	-4.68	49	137	37
Total Operating Income	115	50	21	42	45	64	22	49	135	38
Total Gross Profit	1,276	1,163	1,106	1,103	1,128	1,090	1,036	1,078	1,063	1,002
Total Revenue	1,276	1,163	1,106	1,103	1,128	1,090	1,036	1,078	1,063	1,002
Operating Revenue	1,276	1,163	1,106	1,103	1,128	1,090	1,036	1,078	1,063	1,002
Total Operating Expenses	1,160	1,113	1,085	1,061	1,083	1,025	1,014	1,029	928	963
Other Operating Expenses / (Income)	1,160	1,113	1,085	1,061	1,083	1,025	1,014	1,029	928	963
Total Other Income / (Expense), net	-0.82	1.58	2.39	6.56	1.80	3.55	-27	0.38	1.71	-0.70
Interest Expense	1.76	2.17	2.33	2.21	2.24	2.33	2.23	2.08	2.28	2.39
Interest & Investment Income	1.13	2.29	2.93	3.73	3.95	4.12	3.32	3.24	3.13	1.93
Other Income / (Expense), net	-0.19	1.45	1.78	5.04	0.09	1.76	-28	-0.78	0.86	-0.24
Income Tax Expense	26	15	4.70	9.07	12	19	-1.77	2.30	36	8.43
Basic Earnings per Share	$3.61	$1.54	$2.93	$1.68	$1.45	$2.08	($0.10)	$1.99	$4.25	$1.25
Weighted Average Basic Shares Outstanding	24.61M	24.59M	24.29M	24.06M	24.00M	24.02M	23.56M	23.62M	23.62M	23.55M
Diluted Earnings per Share	$3.50	$1.51	$2.84	$1.64	$1.42	$2.03	($0.10)	$1.96	$4.23	$1.21
Weighted Average Diluted Shares Outstanding	25.37M	25.50M	25.06M	24.67M	24.53M	24.63M	23.56M	23.92M	23.69M	23.82M
Weighted Average Basic & Diluted Shares Outstanding	24.42M	24.26M	23.95M	24.02M	23.66M	23.52M	23.43M	23.65M	23.40M	23.15M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	52	7.93	-51	5.53	69	12	102	-227	82	104	-135
Net Cash From Operating Activities	144	149	112	152	255	170	206	324	471	322	286
Net Cash From Continuing Operating Activities	144	149	112	152	255	170	206	324	471	322	286
Net Income / (Loss) Continuing Operations	46	45	19	60	67	40	71	214	298	195	174
Consolidated Net Income / (Loss)	46	45	19	60	67	40	71	214	298	195	174
Depreciation Expense	-	89	99	99	104	108	114	119	127	133	136
Amortization Expense	4.35	4.00	4.24	4.54	4.52	4.37	4.01	5.36	13	13	13
Non-Cash Adjustments To Reconcile Net Income	96	10	15	15	22	41	13	-1.93	11	-21	36
Changes in Operating Assets and Liabilities, net	-2.71	1.23	-25	-26	58	-23	3.22	-12	22	2.00	-74
Net Cash From Investing Activities	-52	-126	-87	-68	-95	-98	7.46	-303	-261	-22	-187
Net Cash From Continuing Investing Activities	-52	-126	-87	-68	-95	-98	7.46	-303	-261	-22	-187
Purchase of Property, Plant & Equipment	-44	-87	-79	-76	-54	-102	-57	-78	-166	-232	-240
Acquisitions	-2.65	-30	-25	-	-	0.00	0.00	-239	2.28	0.00	0.00
Purchase of Investments	-46	-61	-69	-73	-108	-130	-165	-81	-182	-97	-29
Sale of Property, Plant & Equipment	4.93	6.64	8.80	4.28	4.26	13	13	14	20	7.76	15
Divestitures	-	-	2.78	2.49	4.68	0.00	0.00	9.01	0.48	101	0.00
Sale and/or Maturity of Investments	36	46	74	74	59	120	217	73	64	198	67
Net Cash From Financing Activities	-40	-16	-76	-78	-91	-60	-111	-248	-128	-197	-233
Net Cash From Continuing Financing Activities	-40	-16	-76	-78	-91	-60	-111	-248	-128	-197	-233
Repayment of Debt	-41	-102	-52	-70	-71	-60	-326	-172	-116	-69	-121
Repurchase of Common Equity	-	-13	-9.51	-6.02	-9.40	-9.11	-6.60	-83	-65	-92	-75
Payment of Dividends	-4.10	-6.84	-8.32	-8.26	-8.24	-8.19	-8.16	-8.14	-11	-12	-11
Issuance of Debt	-	105	-	10	0.00	20	225	54	72	0.00	0.00
Other Financing Activities, net	3.00	0.73	-5.85	-3.77	-1.87	-4.01	4.45	-13	-8.82	-24	-26

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	28	2.84	45	-16	64	11	-89	43	-65	-23
Net Cash From Operating Activities	166	120	21	83	91	127	6.47	134	89	57
Net Cash From Continuing Operating Activities	166	120	21	83	91	127	6.47	134	89	57
Net Income / (Loss) Continuing Operations	89	37	71	40	35	49	-2.31	47	100	29
Consolidated Net Income / (Loss)	89	37	71	40	35	49	-2.31	47	100	29
Depreciation Expense	31	32	32	33	34	34	34	33	33	36
Amortization Expense	3.23	3.23	3.20	3.20	3.23	3.20	3.22	3.20	3.20	3.21
Non-Cash Adjustments To Reconcile Net Income	0.44	4.33	-64	2.00	34	7.15	32	-3.29	2.05	5.58
Changes in Operating Assets and Liabilities, net	42	44	-22	4.84	-15	34	-60	54	-50	-17
Net Cash From Investing Activities	-96	-91	71	-41	17	-70	-57	-30	-62	-38
Net Cash From Continuing Investing Activities	-96	-91	71	-41	17	-70	-57	-30	-62	-38
Purchase of Property, Plant & Equipment	-32	-76	-38	-52	-49	-93	-59	-54	-70	-58
Sale of Property, Plant & Equipment	4.82	5.75	1.83	1.02	3.12	1.79	1.29	1.05	3.85	9.19
Sale and/or Maturity of Investments	12	16	42	22	97	38	5.64	23	27	11
Net Cash From Financing Activities	-42	-27	-47	-59	-44	-47	-39	-61	-92	-42
Net Cash From Continuing Financing Activities	-42	-27	-47	-59	-44	-47	-39	-61	-92	-42
Repayment of Debt	-15	-16	-18	-17	-17	-17	-17	-19	-67	-18
Repurchase of Common Equity	-19	-15	-14	-27	-25	-26	-16	-16	-24	-19
Payment of Dividends	-2.97	-2.94	-2.92	-2.89	-2.89	-2.85	-2.83	-2.82	-2.84	-2.81
Other Financing Activities, net	-10	4.87	-12	-11	0.65	-1.87	-3.60	-23	2.38	-1.90

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,128	1,263	1,282	1,366	1,539	1,651	1,779	2,113	2,494	2,485	2,430
Total Current Assets	515	552	491	522	649	664	758	776	990	885	676
Cash & Equivalents	157	165	114	121	190	202	304	77	158	262	127
Short-Term Investments	46	62	57	56	107	117	65	48	168	68	30
Accounts Receivable	235	243	283	299	316	301	335	595	529	482	431
Prepaid Expenses	21	21	22	22	25	30	38	40	39	37	48
Other Current Assets	15	22	14	24	11	14	16	16	31	35	40
Plant, Property, & Equipment, net	410	483	533	591	631	684	679	696	800	915	1,066
Plant, Property & Equipment, gross	1,162	1,271	1,352	1,456	1,545	1,633	1,671	1,775	1,930	2,103	2,253
Accumulated Depreciation	752	788	819	865	914	949	992	1,079	1,129	1,189	1,187
Total Noncurrent Assets	203	228	258	252	259	303	342	641	704	685	688
Goodwill	77	96	109	108	108	88	88	300	305	305	305
Intangible Assets	73	77	81	73	69	59	55	127	114	101	89
Noncurrent Deferred & Refundable Income Taxes	-	-	2.98	5.97	7.47	7.73	6.16	5.47	6.34	8.14	9.54
Other Noncurrent Operating Assets	53	55	66	64	74	148	193	208	268	271	285
Total Liabilities & Shareholders' Equity	1,128	1,263	1,282	1,366	1,539	1,651	1,779	2,113	2,494	2,485	2,430
Total Liabilities	567	674	683	714	822	888	950	1,184	1,343	1,243	1,115
Total Current Liabilities	341	365	396	403	451	444	507	703	768	702	666
Short-Term Debt	25	45	64	62	54	57	67	51	66	67	64
Accounts Payable	120	131	133	129	144	134	171	311	270	214	173
Accrued Expenses	195	189	199	210	243	232	247	306	338	378	395
Current Deferred & Payable Income Tax Liabilities	0.53	0.09	-	0.32	1.69	0.01	0.32	12	16	10	0.00
Other Current Liabilities	-	-	-	-	-	20	21	23	26	32	34
Total Noncurrent Liabilities	226	310	287	312	370	444	444	481	574	541	449
Long-Term Debt	102	168	180	207	238	266	217	175	198	162	125
Capital Lease Obligations	-	-	-	-	-	-	-	-	148	177	190
Noncurrent Deferred & Payable Income Tax Liabilities	64	78	55	49	56	66	72	65	60	56	79
Noncurrent Employee Benefit Liabilities	42	51	36	40	32	20	19	17	12	13	13
Other Noncurrent Operating Liabilities	17	13	17	16	45	91	136	224	155	133	42
Total Equity & Noncontrolling Interests	561	589	599	651	718	763	829	929	1,151	1,242	1,314
Total Preferred & Common Equity	561	589	599	651	718	763	829	929	1,151	1,242	1,314
Total Common Equity	561	589	599	651	718	763	829	929	1,151	1,242	1,314
Common Stock	303	310	316	320	326	334	343	318	340	341	330
Retained Earnings	339	377	387	438	501	533	596	801	1,089	1,273	1,435
Treasury Stock	-58	-71	-80	-86	-95	-105	-111	-194	-284	-376	-451
Accumulated Other Comprehensive Income / (Loss)	-23	-27	-23	-21	-14	0.20	1.19	3.70	7.10	4.32	0.27

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
Total Assets	2,440	2,432	2,414	2,437	2,357	2,409	2,414
Total Current Assets	998	917	865	890	758	767	692
Cash & Equivalents	156	203	187	252	173	216	150
Short-Term Investments	146	162	153	89	68	45	41
Accounts Receivable	639	482	441	480	445	441	436
Prepaid Expenses	32	41	33	31	39	32	32
Other Current Assets	26	28	51	38	33	34	32
Plant, Property, & Equipment, net	746	805	829	862	938	971	1,049
Plant, Property & Equipment, gross	1,867	1,957	1,988	2,033	2,131	2,183	2,257
Accumulated Depreciation	1,121	1,151	1,160	1,171	1,194	1,212	1,207
Total Noncurrent Assets	696	709	720	685	661	670	673
Goodwill	307	305	305	305	305	305	305
Intangible Assets	117	111	107	104	98	95	92
Noncurrent Deferred & Refundable Income Taxes	5.56	7.29	6.92	7.62	10	9.97	8.29
Other Noncurrent Operating Assets	267	287	301	269	248	261	268
Total Liabilities & Shareholders' Equity	2,440	2,432	2,414	2,437	2,357	2,409	2,414
Total Liabilities	1,314	1,226	1,203	1,217	1,134	1,177	1,107
Total Current Liabilities	757	688	641	668	619	646	666
Short-Term Debt	64	108	65	67	63	59	62
Accounts Payable	330	254	246	246	210	222	205
Accrued Expenses	332	279	299	323	313	332	361
Current Deferred & Payable Income Tax Liabilities	7.67	19	0.00	1.39	0.01	0.00	4.81
Other Current Liabilities	25	28	31	31	32	33	33
Total Noncurrent Liabilities	556	538	561	548	516	531	442
Long-Term Debt	190	186	168	176	149	145	118
Capital Lease Obligations	146	170	174	172	174	186	192
Noncurrent Deferred & Payable Income Tax Liabilities	69	51	53	50	45	46	66
Noncurrent Employee Benefit Liabilities	17	12	12	12	13	13	13
Other Noncurrent Operating Liabilities	135	118	154	138	135	142	52
Total Equity & Noncontrolling Interests	1,126	1,206	1,211	1,221	1,223	1,232	1,307
Total Preferred & Common Equity	1,126	1,206	1,211	1,221	1,223	1,232	1,307
Total Common Equity	1,126	1,206	1,211	1,221	1,223	1,232	1,307
Common Stock	337	341	336	339	343	325	328
Retained Earnings	1,054	1,157	1,195	1,227	1,267	1,312	1,409
Treasury Stock	-269	-298	-326	-350	-391	-407	-432
Accumulated Other Comprehensive Income / (Loss)	3.98	6.39	6.57	5.59	3.35	2.47	2.35

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.62%	2.07%	1.25%	4.68%	9.46%	-3.41%	-1.61%	28.09%	33.53%	-11.96%	-5.61%
EBITDA Growth	184.86%	118.48%	-20.09%	18.32%	24.35%	-14.92%	29.60%	84.96%	31.41%	-38.55%	11.67%
EBIT Growth	217.69%	3.97%	-57.92%	77.43%	58.83%	-37.20%	78.06%	179.16%	39.67%	-53.77%	19.19%
NOPAT Growth	192.25%	2.82%	-51.75%	216.28%	22.41%	-43.03%	52.49%	182.56%	40.25%	-56.14%	47.57%
Net Income Growth	192.06%	-2.87%	-58.42%	220.21%	12.62%	-40.55%	77.82%	200.31%	39.66%	-34.46%	-10.99%
EPS Growth	186.44%	-1.18%	-57.49%	216.90%	11.56%	-39.84%	78.15%	196.65%	46.49%	-32.16%	-7.94%
Operating Cash Flow Growth	53.75%	3.73%	-24.94%	35.71%	68.09%	-33.28%	20.91%	57.05%	45.53%	-31.57%	-11.27%
Free Cash Flow Firm Growth	368.41%	-183.00%	-76.45%	97.97%	7,861.20%	-105.24%	1,723.51%	-172.61%	257.40%	-75.56%	-188.18%
Invested Capital Growth	-1.20%	18.38%	16.98%	10.82%	-4.15%	7.82%	-3.21%	38.49%	17.96%	8.51%	16.57%
Revenue Q/Q Growth	3.42%	-0.62%	1.51%	0.80%	2.10%	-1.87%	3.48%	4.29%	3.97%	-1.64%	-2.06%
EBITDA Q/Q Growth	7.90%	82.45%	225.61%	248.89%	2.67%	-15.33%	25.21%	15.66%	-5.42%	5.33%	-6.67%
EBIT Q/Q Growth	8.31%	-14.18%	-14.83%	37.48%	5.24%	-36.73%	74.56%	22.66%	-7.64%	8.59%	-11.50%
NOPAT Q/Q Growth	8.15%	-15.15%	-1.10%	115.15%	-13.63%	-38.89%	60.59%	22.40%	-8.50%	8.96%	-7.63%
Net Income Q/Q Growth	10.00%	-17.56%	-15.43%	141.40%	-24.02%	-34.27%	70.76%	24.18%	-8.63%	6.23%	-10.20%
EPS Q/Q Growth	8.33%	-17.73%	-13.41%	139.36%	-24.40%	-34.06%	70.25%	24.30%	-7.52%	7.02%	-10.10%
Operating Cash Flow Q/Q Growth	-1.16%	2.75%	-5.85%	27.69%	11.45%	-22.48%	12.18%	10.39%	8.08%	2.23%	-19.81%
Free Cash Flow Firm Q/Q Growth	-7.72%	-473.90%	27.67%	95.71%	71.05%	-108.89%	74.24%	-140.20%	171.41%	-44.20%	-253.95%
Invested Capital Q/Q Growth	2.54%	11.14%	4.45%	4.60%	-4.03%	1.87%	-0.01%	39.71%	-0.81%	1.78%	3.21%
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	2.96%	6.33%	5.00%	5.65%	6.42%	5.65%	7.45%	10.75%	10.58%	7.39%	8.74%
Operating Margin	2.65%	2.83%	1.26%	2.17%	3.53%	2.13%	3.34%	7.35%	7.85%	3.90%	5.85%
EBIT Margin	2.79%	2.84%	1.18%	2.00%	2.91%	1.89%	3.42%	7.46%	7.80%	4.09%	5.17%
Profit (Net Income) Margin	1.77%	1.68%	0.69%	2.11%	2.17%	1.34%	2.42%	5.67%	5.93%	4.41%	4.16%
Tax Burden Percent	65.40%	61.67%	65.94%	115.80%	79.71%	77.68%	76.87%	78.19%	76.80%	104.56%	79.54%
Interest Burden Percent	96.79%	95.89%	88.64%	91.08%	93.82%	91.12%	91.97%	97.26%	99.02%	103.11%	101.22%
Effective Tax Rate	34.60%	38.33%	34.06%	-15.80%	20.29%	22.32%	23.13%	22.93%	24.12%	23.94%	20.74%
Return on Invested Capital (ROIC)	9.29%	8.80%	3.61%	10.05%	11.95%	6.69%	10.00%	24.08%	26.68%	10.37%	13.58%
ROIC Less NNEP Spread (ROIC-NNEP)	7.61%	12.51%	-9.96%	-3.81%	-33.63%	6,688.10%	21.09%	24.90%	25.26%	102.91%	0.27%
Return on Net Nonoperating Assets (RNNOA)	-0.75%	-1.00%	-0.47%	-0.50%	-2.12%	-1.29%	-1.06%	0.22%	1.99%	5.96%	0.03%
Return on Equity (ROE)	8.54%	7.80%	3.14%	9.55%	9.83%	5.40%	8.93%	24.30%	28.67%	16.33%	13.61%
Cash Return on Invested Capital (CROIC)	10.50%	-8.03%	-12.04%	-0.21%	16.19%	-0.83%	13.25%	-8.20%	10.20%	2.21%	-1.73%
Operating Return on Assets (OROA)	6.80%	6.35%	2.51%	4.28%	6.19%	3.54%	5.86%	14.43%	17.02%	7.28%	8.79%
Return on Assets (ROA)	4.31%	3.75%	1.47%	4.51%	4.63%	2.51%	4.15%	10.97%	12.95%	7.85%	7.08%
Return on Common Equity (ROCE)	8.54%	7.80%	3.14%	9.55%	9.83%	5.40%	8.93%	24.30%	28.67%	16.33%	13.61%
Return on Equity Simple (ROE_SIMPLE)	8.23%	7.62%	3.11%	9.17%	9.37%	5.24%	8.58%	22.98%	25.90%	15.73%	13.24%
Net Operating Profit after Tax (NOPAT)	45	47	22	71	87	50	76	213	299	131	194
NOPAT Margin	1.73%	1.75%	0.83%	2.51%	2.81%	1.66%	2.57%	5.67%	5.95%	2.97%	4.64%
Net Nonoperating Expense Percent (NNEP)	1.68%	-3.70%	13.57%	13.86%	45.58%	-6,681.41%	-11.10%	-0.82%	1.42%	-92.54%	13.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	19.14%	7.97%	11.44%
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	97.35%	97.17%	98.74%	97.83%	96.47%	97.87%	96.66%	92.65%	92.16%	96.10%	94.15%
Earnings before Interest and Taxes (EBIT)	73	76	32	57	90	56	101	281	392	181	216
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	169	135	160	199	169	219	405	532	327	365
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	0.87	1.11	1.34	1.18	0.89	1.28	3.25	1.47	2.28	1.66
Price to Tangible Book Value (P/TBV)	2.69	1.24	1.63	1.86	1.56	1.11	1.55	6.01	2.31	3.38	2.37
Price to Revenue (P/Rev)	0.42	0.19	0.25	0.31	0.27	0.23	0.36	0.80	0.34	0.64	0.52
Price to Earnings (P/E)	23.97	11.44	35.69	14.60	12.55	17.06	14.96	14.14	5.68	14.48	12.54
Dividend Yield	0.35%	1.32%	1.23%	0.94%	0.97%	1.20%	0.76%	0.27%	0.81%	0.40%	0.52%
Earnings Yield	4.17%	8.74%	2.80%	6.85%	7.97%	5.86%	6.68%	7.07%	17.61%	6.91%	7.98%
Enterprise Value to Invested Capital (EV/IC)	2.13	0.87	1.10	1.30	1.18	0.89	1.32	3.03	1.47	2.20	1.56
Enterprise Value to Revenue (EV/Rev)	0.39	0.19	0.27	0.34	0.27	0.23	0.33	0.83	0.35	0.66	0.58
Enterprise Value to EBITDA (EV/EBITDA)	13.33	2.95	5.46	6.04	4.22	4.07	4.47	7.70	3.34	8.88	6.58
Enterprise Value to EBIT (EV/EBIT)	14.12	6.56	23.10	17.02	9.33	12.17	9.73	11.11	4.54	16.02	11.12
Enterprise Value to NOPAT (EV/NOPAT)	22.75	10.69	32.83	13.57	9.64	13.87	12.95	14.62	5.94	22.12	12.40
Enterprise Value to Operating Cash Flow (EV/OCF)	7.17	3.34	6.59	6.35	3.28	4.03	4.75	9.64	3.78	9.02	8.41
Enterprise Value to Free Cash Flow (EV/FCFF)	20.14	0.00	0.00	0.00	7.12	0.00	9.77	0.00	15.55	103.83	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.36	0.41	0.41	0.41	0.42	0.34	0.24	0.36	0.33	0.29
Long-Term Debt to Equity	0.18	0.28	0.30	0.32	0.33	0.35	0.26	0.19	0.30	0.27	0.24
Financial Leverage	-0.10	-0.08	0.05	0.13	0.06	0.00	-0.05	0.01	0.08	0.06	0.12
Leverage Ratio	1.98	2.08	2.14	2.12	2.12	2.15	2.16	2.21	2.21	2.08	1.92
Compound Leverage Factor	1.92	1.99	1.90	1.93	1.99	1.96	1.98	2.15	2.19	2.14	1.95
Debt to Total Capital	18.55%	26.52%	28.91%	29.22%	28.90%	29.77%	25.54%	19.53%	26.37%	24.61%	22.39%
Short-Term Debt to Total Capital	3.67%	5.61%	7.61%	6.73%	5.36%	5.27%	6.03%	4.38%	4.24%	4.06%	3.78%
Long-Term Debt to Total Capital	14.88%	20.92%	21.30%	22.49%	23.54%	24.50%	19.51%	15.15%	22.14%	20.55%	18.61%
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	81.45%	73.48%	71.09%	70.78%	71.10%	70.23%	74.46%	80.47%	73.63%	75.39%	77.61%
Debt to EBITDA	1.65	1.26	1.81	1.68	1.47	1.91	1.30	0.56	0.78	1.24	1.04
Net Debt to EBITDA	-0.99	-0.09	0.53	0.57	-0.03	0.03	-0.39	0.25	0.16	0.23	0.61
Long-Term Debt to EBITDA	1.33	0.99	1.33	1.30	1.20	1.58	0.99	0.43	0.65	1.04	0.86
Debt to NOPAT	2.82	4.56	10.85	3.79	3.35	6.53	3.76	1.06	1.38	3.09	1.96
Net Debt to NOPAT	-1.69	-0.33	3.19	1.29	-0.06	0.10	-1.13	0.47	0.29	0.58	1.15
Long-Term Debt to NOPAT	2.26	3.60	7.99	2.91	2.73	5.37	2.87	0.82	1.16	2.58	1.63
Altman Z-Score	4.31	3.36	3.28	3.49	3.43	3.00	3.15	4.32	4.01	4.19	4.02
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	1.51	1.24	1.30	1.44	1.50	1.50	1.10	1.29	1.26	1.01
Quick Ratio	1.28	1.29	1.15	1.18	1.36	1.40	1.39	1.03	1.11	1.16	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	-42	-75	-1.52	118	-6.17	100	-73	114	28	-25
Operating Cash Flow to CapEx	368.89%	185.72%	160.05%	212.94%	512.41%	191.55%	466.66%	500.35%	322.89%	143.67%	127.25%
Free Cash Flow to Firm to Interest Expense	16.03	-9.65	-14.54	-0.24	12.44	-0.54	8.56	-8.16	14.82	3.08	-2.75
Operating Cash Flow to Interest Expense	45.07	33.89	21.74	23.95	26.97	14.86	17.61	36.29	60.94	35.43	31.83
Operating Cash Flow Less CapEx to Interest Expense	32.85	15.64	8.16	12.70	21.71	7.10	13.84	29.04	42.07	10.77	6.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.44	2.23	2.12	2.14	2.13	1.87	1.71	1.94	2.18	1.78	1.70
Accounts Receivable Turnover	11.76	11.17	10.28	9.73	10.07	9.68	9.24	8.09	8.95	8.76	9.15
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	6.50	5.97	5.32	5.03	5.06	4.55	4.32	5.48	6.72	5.16	4.22
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)	31.05	32.67	35.52	37.53	36.26	37.71	39.51	45.10	40.79	41.66	39.88
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)	31.05	32.67	35.52	37.53	36.26	37.71	39.51	45.10	40.79	41.66	39.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	484	573	671	743	712	768	743	1,030	1,215	1,318	1,536
Invested Capital Turnover	5.36	5.04	4.34	4.00	4.25	4.04	3.89	4.25	4.48	3.50	2.93
Increase / (Decrease) in Invested Capital	-5.87	89	97	73	-31	56	-25	286	185	103	218
Enterprise Value (EV)	1,030	498	737	964	839	687	979	3,120	1,780	2,905	2,403
Market Capitalization	1,107	513	666	872	844	682	1,064	3,020	1,693	2,829	2,181
Book Value per Share	$21.54	$22.68	$23.38	$25.41	$27.94	$29.92	$32.61	$36.34	$47.15	$52.50	$56.17
Tangible Book Value per Share	$15.79	$16.00	$15.99	$18.32	$21.04	$24.15	$26.97	$19.64	$30.02	$35.35	$39.36
Total Capital	689	801	843	920	1,009	1,087	1,113	1,155	1,564	1,648	1,693
Total Debt	128	213	244	269	292	324	284	226	412	406	379
Total Long-Term Debt	102	168	180	207	238	266	217	175	346	339	315
Net Debt	-77	-15	72	92	-5.32	5.03	-85	101	87	75	222
Capital Expenditures (CapEx)	39	80	70	71	50	89	44	65	146	224	225
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.87	4.44	-13	4.52	-45	-41	-51	-0.99	-38	-80	-84
Debt-free Net Working Capital (DFNWC)	199	232	159	182	252	277	319	124	288	250	74
Net Working Capital (NWC)	174	187	95	120	198	220	252	73	221	183	9.66
Net Nonoperating Expense (NNE)	-0.90	1.70	3.81	11	20	9.55	4.44	-0.06	1.16	-64	20
Net Nonoperating Obligations (NNO)	-77	-15	72	92	-5.32	5.03	-85	101	63	75	222
Total Depreciation and Amortization (D&A)	4.35	93	103	103	109	112	118	124	140	146	149
Debt-free, Cash-free Net Working Capital to Revenue	-0.19%	0.17%	-0.48%	0.16%	-1.45%	-1.37%	-1.72%	-0.03%	-0.76%	-1.80%	-2.00%
Debt-free Net Working Capital to Revenue	7.63%	8.71%	5.89%	6.43%	8.14%	9.28%	10.84%	3.29%	5.72%	5.65%	1.76%
Net Working Capital to Revenue	6.67%	7.03%	3.52%	4.24%	6.40%	7.37%	8.56%	1.95%	4.40%	4.14%	0.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.69	$1.71	$0.72	$2.32	$2.61	$1.56	$2.80	$8.38	$12.13	$8.14	$7.39
Adjusted Weighted Average Basic Shares Outstanding	25.99M	26.01M	25.75M	25.68M	25.68M	25.54M	25.41M	25.47M	24.59M	24.02M	23.55M
Adjusted Diluted Earnings per Share	$1.69	$1.67	$0.71	$2.25	$2.51	$1.51	$2.69	$7.98	$11.69	$7.93	$7.30
Adjusted Weighted Average Diluted Shares Outstanding	25.99M	26.53M	26.26M	26.42M	26.70M	26.45M	26.42M	26.77M	25.50M	24.63M	23.82M
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	25.99M	25.78M	25.61M	25.64M	25.57M	25.37M	25.40M	24.60M	24.26M	23.52M	23.15M
Normalized Net Operating Profit after Tax (NOPAT)	45	47	22	43	87	50	76	213	299	131	194
Normalized NOPAT Margin	1.73%	1.75%	0.83%	1.52%	2.81%	1.66%	2.57%	5.67%	5.95%	2.97%	4.64%
Pre Tax Income Margin	2.70%	2.73%	1.05%	1.82%	2.73%	1.72%	3.15%	7.25%	7.72%	4.22%	5.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.87	17.24	6.20	8.93	9.50	4.93	8.60	31.50	50.76	19.93	24.06
NOPAT to Interest Expense	14.19	10.58	4.36	11.20	9.18	4.32	6.46	23.95	38.75	14.44	21.58
EBIT Less CapEx to Interest Expense	10.65	-1.01	-7.38	-2.32	4.24	-2.83	4.82	24.24	31.88	-4.72	-0.95
NOPAT Less CapEx to Interest Expense	1.98	-7.67	-9.22	-0.05	3.92	-3.44	2.68	16.69	19.88	-10.22	-3.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.88%	15.24%	44.60%	13.84%	12.26%	20.48%	11.47%	3.81%	3.63%	5.91%	6.49%
Augmented Payout Ratio	8.88%	43.70%	95.58%	23.91%	26.24%	43.26%	20.75%	42.73%	25.43%	52.74%	49.74%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.48%	19.78%	-12.77%	-16.51%	-11.55%	-6.36%	-6.30%	-2.32%	-5.78%	-8.07%
EBITDA Growth	26.72%	-25.97%	-54.05%	-50.78%	-45.07%	19.06%	-46.73%	1.66%	109.51%	-25.25%
EBIT Growth	31.00%	-38.56%	-75.10%	-64.61%	-60.76%	27.77%	-125.13%	1.93%	200.70%	-42.55%
NOPAT Growth	37.86%	-43.88%	-75.81%	-67.33%	-62.37%	30.70%	-7.28%	35.88%	194.93%	-36.02%
Net Income Growth	39.49%	-42.99%	2.46%	-60.53%	-60.70%	30.67%	-103.24%	16.03%	187.29%	-40.49%
EPS Growth	47.06%	-38.62%	5.97%	-59.00%	-59.43%	34.44%	-103.52%	19.51%	197.89%	-40.39%
Operating Cash Flow Growth	79.38%	41.32%	283.62%	-57.58%	-45.12%	5.85%	-68.70%	60.94%	-2.36%	-55.42%
Free Cash Flow Firm Growth	-658.89%	32.99%	90.45%	85.22%	90.77%	61.82%	-20.45%	34.95%	-157.46%	-230.82%
Invested Capital Growth	66.14%	17.96%	4.57%	7.49%	5.75%	8.51%	4.90%	6.43%	14.96%	16.57%
Revenue Q/Q Growth	-3.48%	-8.80%	-4.93%	-0.24%	2.26%	-3.44%	-4.88%	4.00%	-1.36%	-5.78%
EBITDA Q/Q Growth	-11.10%	-42.05%	-32.83%	42.24%	-0.78%	25.60%	-69.95%	171.46%	104.49%	-55.19%
EBIT Q/Q Growth	-13.57%	-55.13%	-55.60%	105.56%	-4.19%	46.10%	-108.73%	933.87%	182.65%	-72.09%
NOPAT Q/Q Growth	-14.90%	-60.36%	-52.12%	102.31%	-1.98%	37.65%	-66.03%	196.47%	112.76%	-70.14%
Net Income Q/Q Growth	-13.29%	-57.97%	90.92%	-43.26%	-13.66%	39.73%	-104.74%	2,129.58%	113.78%	-71.06%
EPS Q/Q Growth	-12.50%	-56.86%	88.08%	-42.25%	-13.41%	42.96%	-104.93%	2,060.00%	115.82%	-71.39%
Operating Cash Flow Q/Q Growth	-15.34%	-27.41%	-82.83%	302.14%	9.51%	40.02%	-94.92%	1,967.96%	-33.57%	-36.07%
Free Cash Flow Firm Q/Q Growth	-7.37%	62.45%	73.23%	-36.94%	32.91%	-55.22%	15.53%	26.05%	-165.53%	-99.45%
Invested Capital Q/Q Growth	2.98%	-0.81%	7.38%	-2.00%	1.31%	1.78%	3.81%	-0.57%	9.43%	3.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	11.75%	7.46%	5.27%	7.52%	7.30%	9.49%	3.00%	7.83%	16.22%	7.72%
Operating Margin	9.04%	4.32%	1.91%	3.82%	4.00%	5.90%	2.16%	4.53%	12.70%	3.81%
EBIT Margin	9.03%	4.44%	2.07%	4.27%	4.00%	6.06%	-0.56%	4.46%	12.78%	3.79%
Profit (Net Income) Margin	6.96%	3.21%	6.44%	3.67%	3.09%	4.48%	-0.22%	4.35%	9.44%	2.90%
Tax Burden Percent	77.58%	72.10%	302.75%	83.09%	74.47%	71.96%	49.43%	95.32%	73.38%	77.51%
Interest Burden Percent	99.45%	100.24%	102.64%	103.22%	103.78%	102.72%	81.14%	102.42%	100.62%	98.78%
Effective Tax Rate	22.62%	29.55%	19.95%	18.64%	25.51%	28.04%	0.00%	4.68%	26.62%	22.49%
Return on Invested Capital (ROIC)	34.50%	13.63%	5.84%	11.70%	10.64%	14.84%	4.94%	14.19%	28.57%	8.65%
ROIC Less NNEP Spread (ROIC-NNEP)	35.14%	16.02%	35.84%	18.12%	12.18%	18.53%	-9.85%	14.56%	29.55%	8.28%
Return on Net Nonoperating Assets (RNNOA)	-2.12%	1.26%	5.93%	1.53%	0.89%	1.07%	-0.99%	1.17%	2.99%	0.96%
Return on Equity (ROE)	32.38%	14.89%	11.77%	13.24%	11.53%	15.91%	3.95%	15.35%	31.56%	9.61%
Cash Return on Invested Capital (CROIC)	-16.34%	10.20%	14.85%	7.05%	3.98%	2.21%	5.09%	4.75%	1.15%	-1.73%
Operating Return on Assets (OROA)	19.83%	9.69%	4.35%	8.44%	7.39%	10.77%	-1.01%	8.01%	22.48%	6.44%
Return on Assets (ROA)	15.30%	7.01%	13.52%	7.24%	5.71%	7.96%	-0.41%	7.82%	16.60%	4.93%
Return on Common Equity (ROCE)	32.38%	14.89%	11.77%	13.24%	11.53%	15.91%	3.95%	15.35%	31.56%	9.61%
Return on Equity Simple (ROE_SIMPLE)	28.98%	0.00%	24.87%	19.64%	15.07%	0.00%	9.96%	10.42%	14.82%	0.00%
Net Operating Profit after Tax (NOPAT)	89	35	17	34	34	46	16	47	99	30
NOPAT Margin	7.00%	3.04%	1.53%	3.11%	2.98%	4.24%	1.52%	4.32%	9.32%	2.95%
Net Nonoperating Expense Percent (NNEP)	-0.64%	-2.40%	-30.00%	-6.42%	-1.54%	-3.69%	14.79%	-0.37%	-0.98%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	-	2.26%	-	-	-	2.81%	-	-	-	1.75%
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%
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%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	90.96%	95.68%	98.09%	96.18%	96.00%	94.10%	97.84%	95.47%	87.30%	96.19%
Earnings before Interest and Taxes (EBIT)	115	52	23	47	45	66	-5.76	48	136	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	150	87	58	83	82	103	31	84	172	77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.57	1.47	1.85	1.94	1.99	2.28	2.75	2.04	1.96	1.66
Price to Tangible Book Value (P/TBV)	2.51	2.31	2.82	2.95	3.00	3.38	4.10	3.01	2.82	2.37
Price to Revenue (P/Rev)	0.36	0.34	0.46	0.51	0.54	0.64	0.77	0.58	0.60	0.52
Price to Earnings (P/E)	5.41	5.68	7.43	9.90	13.22	14.48	27.61	19.53	13.24	12.54
Dividend Yield	0.56%	0.81%	0.65%	0.61%	0.59%	0.40%	0.34%	0.45%	0.44%	0.52%
Earnings Yield	18.49%	17.61%	13.47%	10.10%	7.56%	6.91%	3.62%	5.12%	7.55%	7.98%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.47	1.78	1.89	1.94	2.20	2.57	1.94	1.84	1.56
Enterprise Value to Revenue (EV/Rev)	0.39	0.35	0.48	0.52	0.56	0.66	0.81	0.61	0.64	0.58
Enterprise Value to EBITDA (EV/EBITDA)	3.31	3.34	5.02	6.41	8.07	8.88	11.71	8.75	7.02	6.58
Enterprise Value to EBIT (EV/EBIT)	4.39	4.54	7.20	10.22	15.01	16.02	23.00	17.17	11.25	11.12
Enterprise Value to NOPAT (EV/NOPAT)	5.69	5.94	9.44	13.75	20.80	22.12	26.60	18.19	13.09	12.40
Enterprise Value to Operating Cash Flow (EV/OCF)	4.28	3.78	4.63	6.21	7.95	9.02	11.40	7.35	7.70	8.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.55	12.28	27.83	49.99	103.83	51.60	42.05	171.35	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.36	0.38	0.34	0.34	0.33	0.32	0.32	0.29	0.29
Long-Term Debt to Equity	0.30	0.30	0.30	0.28	0.29	0.27	0.26	0.27	0.24	0.24
Financial Leverage	-0.06	0.08	0.17	0.08	0.07	0.06	0.10	0.08	0.10	0.12
Leverage Ratio	2.11	2.21	2.12	2.07	2.08	2.08	1.97	1.97	1.92	1.92
Compound Leverage Factor	2.10	2.22	2.18	2.14	2.16	2.14	1.60	2.02	1.93	1.90
Debt to Total Capital	26.18%	26.37%	27.79%	25.16%	25.37%	24.61%	24.01%	24.01%	22.18%	22.39%
Short-Term Debt to Total Capital	4.16%	4.24%	6.46%	4.01%	4.09%	4.06%	3.93%	3.62%	3.70%	3.78%
Long-Term Debt to Total Capital	22.02%	22.14%	21.33%	21.15%	21.28%	20.55%	20.08%	20.40%	18.48%	18.61%
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%
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%
Common Equity to Total Capital	73.82%	73.63%	72.21%	74.85%	74.63%	75.39%	75.99%	75.99%	77.82%	77.61%
Debt to EBITDA	0.71	0.78	1.00	1.08	1.34	1.24	1.29	1.29	0.95	1.04
Net Debt to EBITDA	0.17	0.16	0.21	0.18	0.24	0.23	0.48	0.43	0.46	0.61
Long-Term Debt to EBITDA	0.60	0.65	0.77	0.91	1.12	1.04	1.08	1.10	0.79	0.86
Debt to NOPAT	1.22	1.38	1.88	2.31	3.44	3.09	2.93	2.69	1.78	1.96
Net Debt to NOPAT	0.30	0.29	0.40	0.38	0.61	0.58	1.10	0.89	0.87	1.15
Long-Term Debt to NOPAT	1.03	1.16	1.45	1.94	2.89	2.58	2.45	2.28	1.48	1.63
Altman Z-Score	3.67	3.56	3.90	3.97	3.92	4.04	4.44	3.96	4.17	3.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.29	1.33	1.35	1.33	1.26	1.23	1.19	1.04	1.01
Quick Ratio	1.24	1.11	1.23	1.22	1.23	1.16	1.11	1.09	0.94	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-398	-150	-40	-55	-37	-57	-48	-36	-95	-189
Operating Cash Flow to CapEx	615.45%	172.54%	56.68%	163.34%	198.24%	140.01%	11.27%	252.54%	135.14%	117.02%
Free Cash Flow to Firm to Interest Expense	-226.91	-68.97	-17.20	-24.86	-16.45	-24.54	-21.64	-17.16	-41.51	-78.91
Operating Cash Flow to Interest Expense	94.49	55.52	8.88	37.68	40.70	54.78	2.90	64.36	38.95	23.74
Operating Cash Flow Less CapEx to Interest Expense	79.14	23.34	-6.79	14.61	20.17	15.65	-22.86	38.87	10.13	3.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.20	2.18	2.10	1.97	1.85	1.78	1.82	1.80	1.76	1.70
Accounts Receivable Turnover	8.98	8.95	8.25	8.31	8.05	8.76	9.40	9.82	9.31	9.15
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.76	6.72	6.50	6.04	5.60	5.16	5.00	4.81	4.46	4.22
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	40.65	40.79	44.26	43.93	45.37	41.66	38.82	37.16	39.20	39.88
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	40.65	40.79	44.26	43.93	45.37	41.66	38.82	37.16	39.20	39.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,224	1,215	1,304	1,278	1,295	1,318	1,368	1,360	1,489	1,536
Invested Capital Turnover	4.93	4.48	3.82	3.77	3.57	3.50	3.26	3.28	3.07	2.93
Increase / (Decrease) in Invested Capital	487	185	57	89	70	103	64	82	194	218
Enterprise Value (EV)	1,863	1,780	2,326	2,421	2,506	2,905	3,510	2,635	2,746	2,403
Market Capitalization	1,765	1,693	2,227	2,354	2,432	2,829	3,364	2,506	2,564	2,181
Book Value per Share	$45.92	$47.15	$49.71	$50.57	$50.81	$52.50	$51.90	$52.56	$55.28	$56.17
Tangible Book Value per Share	$28.62	$30.02	$32.59	$33.36	$33.79	$35.35	$34.80	$35.51	$38.52	$39.36
Total Capital	1,526	1,564	1,670	1,618	1,636	1,648	1,609	1,621	1,680	1,693
Total Debt	399	412	464	407	415	406	386	389	373	379
Total Long-Term Debt	336	346	356	342	348	339	323	331	310	315
Net Debt	98	87	98	67	74	75	145	129	181	222
Capital Expenditures (CapEx)	27	70	36	51	46	91	57	53	66	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.89	-38	-29	-52	-52	-80	-38	-80	-103	-84
Debt-free Net Working Capital (DFNWC)	304	288	337	289	289	250	203	180	89	74
Net Working Capital (NWC)	241	221	229	224	222	183	140	121	26	9.66
Net Nonoperating Expense (NNE)	0.40	-1.96	-54	-6.18	-1.33	-2.56	18	-0.36	-1.26	0.54
Net Nonoperating Obligations (NNO)	98	63	98	67	74	75	145	129	181	222
Total Depreciation and Amortization (D&A)	35	35	35	36	37	37	37	36	37	39
Debt-free, Cash-free Net Working Capital to Revenue	0.06%	-0.76%	-0.59%	-1.11%	-1.16%	-1.80%	-0.87%	-1.86%	-2.40%	-2.00%
Debt-free Net Working Capital to Revenue	6.29%	5.72%	6.92%	6.21%	6.41%	5.65%	4.66%	4.15%	2.08%	1.76%
Net Working Capital to Revenue	4.98%	4.40%	4.70%	4.82%	4.93%	4.14%	3.21%	2.80%	0.62%	0.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.61	$1.54	$2.93	$1.68	$1.45	$2.08	($0.10)	$1.99	$4.25	$1.25
Adjusted Weighted Average Basic Shares Outstanding	24.61M	24.59M	24.29M	24.06M	24.00M	24.02M	23.56M	23.62M	23.62M	23.55M
Adjusted Diluted Earnings per Share	$3.50	$1.51	$2.84	$1.64	$1.42	$2.03	($0.10)	$1.96	$4.23	$1.21
Adjusted Weighted Average Diluted Shares Outstanding	25.37M	25.50M	25.06M	24.67M	24.53M	24.63M	23.56M	23.92M	23.69M	23.82M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.42M	24.26M	23.95M	24.02M	23.66M	23.52M	23.43M	23.65M	23.40M	23.15M
Normalized Net Operating Profit after Tax (NOPAT)	89	35	17	34	34	46	16	47	99	30
Normalized NOPAT Margin	7.00%	3.04%	1.53%	3.11%	2.98%	4.24%	1.52%	4.32%	9.32%	2.95%
Pre Tax Income Margin	8.98%	4.45%	2.13%	4.41%	4.16%	6.22%	-0.45%	4.57%	12.86%	3.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	65.61	23.83	9.86	21.39	20.21	28.38	-2.59	23.13	59.56	15.85
NOPAT to Interest Expense	50.85	16.32	7.28	15.54	15.02	19.88	7.05	22.41	43.43	12.36
EBIT Less CapEx to Interest Expense	50.26	-8.35	-5.81	-1.69	-0.32	-10.75	-28.35	-2.35	30.74	-4.44
NOPAT Less CapEx to Interest Expense	35.50	-15.86	-8.39	-7.53	-5.51	-19.25	-18.71	-3.08	14.61	-7.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.03%	3.63%	3.92%	4.92%	6.32%	5.91%	9.40%	8.87%	5.85%	6.49%
Augmented Payout Ratio	41.37%	25.43%	24.79%	36.45%	50.23%	52.74%	85.81%	72.71%	48.05%	49.74%

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 2024 ended on December 31, 2024.

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 $173.96 million in 2024, rising from $46.18 million in 2014. The previous period was $195.43 million in 2023.

What is ArcBest's operating income?

ArcBest's total operating income in 2024 was $244.43 million, based on the following breakdown:

Total Gross Profit: $4.18 billion
Total Operating Expenses: $3.93 billion

How has ArcBest revenue changed over the last 10 years?

Over the last 10 years, ArcBest's total revenue changed from $2.61 billion in 2014 to $4.18 billion in 2024, a change of 60.0%.

How much debt does ArcBest have?

ArcBest's total liabilities were at $1.12 billion at the end of 2024, a 10.2% decrease from 2023, and a 96.8% increase since 2014.

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 $127.44 million as of their latest financial filing in 2024.

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 21.54 in 2014 to 56.17 in 2024, a change of 160.7%.

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This page (NASDAQ:ARCB) was last updated on 4/25/2025 by MarketBeat.com Staff

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ArcBest (ARCB) Financials

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ArcBest (ARCB) Financials

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