Arcbest Corp /Tx/
ARCB Nasdaq Trucking (No Local) Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$4.0B
4.0%
vs prior year
Operating margin
Operating income as a share of revenue.
2.3%
3.6 pts
Net income
Profit after all expenses, interest and tax.
$60.1M
65.5%
Free cash flow
Cash from operations minus capital spending.
$114M
82.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
4.7%
9.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.70 EPS (TTM)
What Arcbest Corp /Tx/ does
No business description yet.
- Legal name
- ARCBEST CORP /TX/
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Accession · CIK
- 0001104659-26-019699
0000894405
Revenue and margins
Arcbest Corp /Tx/ had $4.0B of revenue in fiscal 2025, down 4.0% on the year before.
FY16
Revenue $2.7B
FY17
Revenue $2.8B
FY18
Revenue $3.1B
FY19
Revenue $3.0B
FY20
Revenue $2.9B
FY21
Revenue $3.8B
FY22
Revenue $5.0B
FY23
Revenue $4.4B
FY24
Revenue $4.2B
FY25
Revenue $4.0B
Q3 '23
Revenue $1.1B
Q4 '23
Revenue $1.1B
Q1 '24
Revenue $1.0B
Q2 '24
Revenue $1.1B
Q3 '24
Revenue $1.1B
Q4 '24
Revenue $1.0B
Q1 '25
Revenue $967M
Q2 '25
Revenue $1.0B
Q3 '25
Revenue $1.0B
Q4 '25
Revenue $973M
Q1 '26
Revenue $999M
Q2 '26
Revenue $1.2B
FY16
Gross —
Operating 1.3%
Net 0.7%
FCF 1.6%
FY17
Gross —
Operating 2.2%
Net 2.1%
FCF 3.0%
FY18
Gross —
Operating 3.5%
Net 2.2%
FCF 6.8%
FY19
Gross —
Operating 2.1%
Net 1.3%
FCF 2.7%
FY20
Gross —
Operating 3.3%
Net 2.4%
FCF 5.5%
FY21
Gross —
Operating 7.4%
Net 5.7%
FCF 7.0%
FY22
Gross —
Operating 7.8%
Net 5.9%
FCF 6.4%
FY23
Gross —
Operating 3.9%
Net 4.4%
FCF 2.3%
FY24
Gross —
Operating 5.8%
Net 4.2%
FCF 1.5%
FY25
Gross —
Operating 2.3%
Net 1.5%
FCF 2.8%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating 4.0%
Net 3.1%
FCF 3.9%
Q4 '23
Gross —
Operating 5.9%
Net 4.5%
FCF 3.5%
Q1 '24
Gross —
Operating 2.2%
Net −0.2%
FCF −4.7%
Q2 '24
Gross —
Operating 4.5%
Net 4.4%
FCF 7.8%
Q3 '24
Gross —
Operating 12.7%
Net 9.4%
FCF 2.2%
Q4 '24
Gross —
Operating 3.8%
Net 2.9%
FCF 0.4%
Q1 '25
Gross —
Operating 0.7%
Net 0.3%
FCF −3.9%
Q2 '25
Gross —
Operating 3.6%
Net 2.5%
FCF 7.9%
Q3 '25
Gross —
Operating 5.2%
Net 3.7%
FCF 3.3%
Q4 '25
Gross —
Operating −0.8%
Net −0.8%
FCF 3.8%
Q1 '26
Gross —
Operating 0.3%
Net −0.1%
FCF −0.1%
Q2 '26
Gross —
Operating −1.7%
Net −1.2%
FCF 9.9%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 15.6% a year. Loss periods are shown in red.
FY16
Net income $18.7M
FY17
Net income $59.7M
FY18
Net income $67.3M
FY19
Net income $40.0M
FY20
Net income $71.1M
FY21
Net income $214M
FY22
Net income $298M
FY23
Net income $195M
FY24
Net income $174M
FY25
Net income $60.1M
Q3 '23
Net income $34.9M
Q4 '23
Net income $48.8M
Q1 '24
Net income −$2.3M
Q2 '24
Net income $46.9M
Q3 '24
Net income $100M
Q4 '24
Net income $29.0M
Q1 '25
Net income $3.1M
Q2 '25
Net income $25.8M
Q3 '25
Net income $39.3M
Q4 '25
Net income −$8.1M
Q1 '26
Net income −$1.0M
Q2 '26
Net income −$13.8M
FY16
Diluted EPS $0.71
FY17
Diluted EPS $2.25
FY18
Diluted EPS $2.51
FY19
Diluted EPS $1.51
FY20
Diluted EPS $2.69
FY21
Diluted EPS $7.98
FY22
Diluted EPS $11.69
FY23
Diluted EPS $7.93
FY24
Diluted EPS $7.30
FY25
Diluted EPS $2.62
Q3 '23
Diluted EPS $1.42
Q4 '23
Diluted EPS $2.03
Q1 '24
Diluted EPS −$0.10
Q2 '24
Diluted EPS $1.96
Q3 '24
Diluted EPS $4.23
Q4 '24
Diluted EPS $1.21
Q1 '25
Diluted EPS $0.13
Q2 '25
Diluted EPS $1.12
Q3 '25
Diluted EPS $1.72
Q4 '25
Diluted EPS −$0.35
Q1 '26
Diluted EPS −$0.05
Q2 '26
Diluted EPS −$0.62
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 3.3%
Return on equity 3.1%
Return on assets 1.5%
FY17
Return on capital 8.3%
Return on equity 9.6%
Return on assets 4.5%
FY18
Return on capital 12.2%
Return on equity 9.8%
Return on assets 4.6%
FY19
Return on capital 6.4%
Return on equity 5.4%
Return on assets 2.5%
FY20
Return on capital 10.2%
Return on equity 8.9%
Return on assets 4.1%
FY21
Return on capital 20.7%
Return on equity 24.3%
Return on assets 11.0%
FY22
Return on capital 27.5%
Return on equity 28.7%
Return on assets 12.9%
FY23
Return on capital 11.5%
Return on equity 16.3%
Return on assets 7.8%
FY24
Return on capital 14.4%
Return on equity 13.6%
Return on assets 7.1%
FY25
Return on capital 4.7%
Return on equity 4.6%
Return on assets 2.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $114M in fiscal 2025, 2.8% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $43.7M
FY17
Free cash flow $86.1M
FY18
Free cash flow $211M
FY19
Free cash flow $79.4M
FY20
Free cash flow $163M
FY21
Free cash flow $265M
FY22
Free cash flow $323M
FY23
Free cash flow $103M
FY24
Free cash flow $62.7M
FY25
Free cash flow $114M
Q3 '23
Free cash flow $44.4M
Q4 '23
Free cash flow $38.2M
Q1 '24
Free cash flow −$48.6M
Q2 '24
Free cash flow $83.9M
Q3 '24
Free cash flow $23.9M
Q4 '24
Free cash flow $3.5M
Q1 '25
Free cash flow −$37.9M
Q2 '25
Free cash flow $80.9M
Q3 '25
Free cash flow $34.3M
Q4 '25
Free cash flow $36.9M
Q1 '26
Free cash flow −$1.2M
Q2 '26
Free cash flow $117M
FY16
Cash from operations $112M
Capital spending $68.3M
FY17
Cash from operations $152M
Capital spending $65.8M
FY18
Cash from operations $255M
Capital spending $44.0M
FY19
Cash from operations $170M
Capital spending $91.0M
FY20
Cash from operations $206M
Capital spending $43.2M
FY21
Cash from operations $324M
Capital spending $58.4M
FY22
Cash from operations $471M
Capital spending $148M
FY23
Cash from operations $322M
Capital spending $219M
FY24
Cash from operations $286M
Capital spending $223M
FY25
Cash from operations $229M
Capital spending $115M
Cash from operations
Capital spending
Q3 '23
Cash from operations $91.0M
Capital spending $46.6M
Q4 '23
Cash from operations $127M
Capital spending $89.2M
Q1 '24
Cash from operations $6.5M
Capital spending $55.0M
Q2 '24
Cash from operations $134M
Capital spending $49.9M
Q3 '24
Cash from operations $88.8M
Capital spending $64.9M
Q4 '24
Cash from operations $56.8M
Capital spending $53.3M
Q1 '25
Cash from operations −$23.4M
Capital spending $14.5M
Q2 '25
Cash from operations $108M
Capital spending $27.5M
Q3 '25
Cash from operations $99.3M
Capital spending $65.0M
Q4 '25
Cash from operations $44.7M
Capital spending $7.8M
Q1 '26
Cash from operations $8.5M
Capital spending $9.8M
Q2 '26
Cash from operations $130M
Capital spending $12.6M
Cash from operations
Capital spending
Dividends, buybacks and share count
Arcbest Corp /Tx/ returned $86.5M to shareholders in fiscal 2025, 76% of free cash flow. The diluted share count fell 3.7%.
FY16
Dividends $8.3M
Buybacks $9.5M
FY17
Dividends $8.3M
Buybacks $6.0M
FY18
Dividends $8.2M
Buybacks $9.4M
FY19
Dividends $8.2M
Buybacks $9.1M
FY20
Dividends $8.2M
Buybacks $6.6M
FY21
Dividends $8.1M
Buybacks $83.1M
FY22
Dividends $10.8M
Buybacks $65.0M
FY23
Dividends $11.5M
Buybacks $91.5M
FY24
Dividends $11.3M
Buybacks $75.2M
FY25
Dividends $11.0M
Buybacks $75.6M
Dividends
Buybacks
Q3 '23
Dividends $2.9M
Buybacks $24.6M
Q4 '23
Dividends $2.8M
Buybacks $25.6M
Q1 '24
Dividends $2.8M
Buybacks $15.7M
Q2 '24
Dividends $2.8M
Buybacks $16.0M
Q3 '24
Dividends $2.8M
Buybacks $24.5M
Q4 '24
Dividends $2.8M
Buybacks $19.1M
Q1 '25
Dividends $2.8M
Buybacks $22.0M
Q2 '25
Dividends $2.8M
Buybacks $19.7M
Q3 '25
Dividends $2.7M
Buybacks $16.4M
Q4 '25
Dividends $2.7M
Buybacks $17.4M
Q1 '26
Dividends $2.7M
Buybacks $7.4M
Q2 '26
Dividends $2.7M
Buybacks $0.7M
Dividends
Buybacks
FY16
Diluted shares 0.03B
FY17
Diluted shares 0.03B
FY18
Diluted shares 0.03B
FY19
Diluted shares 0.03B
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.03B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.02B
FY24
Diluted shares 0.02B
FY25
Diluted shares 0.02B
Balance sheet
Cash, debt and the ratios that show how comfortably Arcbest Corp /Tx/ can carry it.
FY16
Cash $171M
Debt $244M
FY17
Cash $177M
Debt $269M
FY18
Cash $297M
Debt $292M
FY19
Cash $318M
Debt $324M
FY20
Cash $369M
Debt $284M
FY21
Cash $125M
Debt $226M
FY22
Cash $326M
Debt $265M
FY23
Cash $330M
Debt $229M
FY24
Cash $157M
Debt $189M
FY25
Cash $124M
Debt $224M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $125M | $326M | $330M | $157M | $124M |
| Debt incl. finance leases | $226M | $265M | $229M | $189M | $224M |
| Net debt / EBITDA | 0.3x | −0.1x | −0.3x | 0.1x | 0.4x |
| Debt / equity | 0.2x | 0.2x | 0.2x | 0.1x | 0.2x |
| Current ratio | 1.1x | 1.3x | 1.3x | 1.0x | 1.0x |
| Quick ratio | 1.1x | 1.3x | 1.3x | 1.0x | 1.0x |
| Total assets | $2.1B | $2.5B | $2.5B | $2.4B | $2.5B |
| Total liabilities | $1.2B | $1.3B | $1.2B | $1.1B | $1.2B |
| Shareholders' equity | $929M | $1.2B | $1.2B | $1.3B | $1.3B |
| Net debt (− = net cash) | $101M | −$61.3M | −$101M | $31.9M | $99.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ |
| Current ratio rose | — | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Gross margin rose | — | — | — | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ |
| F-score | — / 3 | 5 / 8 | 5 / 8 | 5 / 8 | 7 / 8 | 6 / 8 | 8 / 8 | 5 / 8 | 5 / 8 | 4 / 8 |
| Accruals ratio | −7.3% | −7.0% | −12.9% | −8.2% | −7.9% | −5.7% | −7.5% | −5.1% | −4.6% | −6.9% |
| Altman Z'' | 2.57 | 2.88 | 3.30 | 3.09 | 3.31 | 3.17 | 3.97 | 3.67 | 3.87 | 3.31 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.7B | $2.8B | $3.1B | $3.0B | $2.9B | $3.8B | $5.0B | $4.4B | $4.2B | $4.0B |
| Research and development | — | — | — | — | $25.6M | $32.8M | $40.8M | $52.4M | $34.1M | $29.1M |
| Operating income | $34.1M | $61.3M | $109M | $63.8M | $98.3M | $277M | $395M | $173M | $244M | $90.3M |
| Pretax income | $28.3M | $51.6M | $84.4M | $51.5M | $92.5M | $273M | $388M | $187M | $219M | $83.1M |
| Income tax | $9.6M | −$8.2M | $17.1M | $11.5M | $21.4M | $62.6M | $93.7M | $44.8M | $45.4M | $23.0M |
| Net income | $18.7M | $59.7M | $67.3M | $40.0M | $71.1M | $214M | $298M | $195M | $174M | $60.1M |
| Net income to common | $18.5M | $59.5M | $67.1M | $40.0M | $71.1M | $214M | $298M | $195M | $174M | $60.1M |
| Diluted EPS | $0.71 | $2.25 | $2.51 | $1.51 | $2.69 | $7.98 | $11.69 | $7.93 | $7.30 | $2.62 |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | $112M | $152M | $255M | $170M | $206M | $324M | $471M | $322M | $286M | $229M |
| Capital expenditure | $68.3M | $65.8M | $44.0M | $91.0M | $43.2M | $58.4M | $148M | $219M | $223M | $115M |
| Free cash flow | $43.7M | $86.1M | $211M | $79.4M | $163M | $265M | $323M | $103M | $62.7M | $114M |
| Depreciation and amortization | $103M | $103M | $109M | $112M | $118M | $123M | $138M | $145M | $149M | $170M |
| Stock-based compensation | $7.6M | $7.0M | $8.4M | $9.5M | $10.5M | $11.4M | $12.8M | $11.4M | $11.4M | $10.6M |
| Acquisitions | $24.8M | — | — | — | — | $239M | −$2.3M | — | — | — |
| Share buybacks | $9.5M | $6.0M | $9.4M | $9.1M | $6.6M | $83.1M | $65.0M | $91.5M | $75.2M | $75.6M |
| Dividends paid | $8.3M | $8.3M | $8.2M | $8.2M | $8.2M | $8.1M | $10.8M | $11.5M | $11.3M | $11.0M |
| Dividends and buybacks | $17.8M | $14.3M | $17.6M | $17.3M | $14.8M | $91.2M | $75.8M | $103M | $86.5M | $86.5M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $171M | $177M | $297M | $318M | $369M | $125M | $326M | $330M | $157M | $124M |
| Total debt | $244M | $269M | $292M | $324M | $284M | $226M | $265M | $229M | $189M | $224M |
| Current assets | $491M | $522M | $649M | $664M | $758M | $776M | $990M | $885M | $676M | $626M |
| Current liabilities | $396M | $403M | $451M | $444M | $507M | $703M | $768M | $702M | $666M | $657M |
| Property and equipment, net | $533M | $591M | $631M | $684M | $679M | $696M | $800M | $915M | $1.1B | $1.1B |
| Goodwill | $109M | $108M | $108M | $88.3M | $88.3M | $300M | $305M | $305M | $305M | $305M |
| Intangible assets | $80.5M | $73.5M | $68.9M | $58.8M | $55.0M | $127M | $114M | $101M | $88.6M | $69.4M |
| Total assets | $1.3B | $1.4B | $1.5B | $1.7B | $1.8B | $2.1B | $2.5B | $2.5B | $2.4B | $2.5B |
| Total liabilities | $683M | $714M | $822M | $888M | $950M | $1.2B | $1.3B | $1.2B | $1.1B | $1.2B |
| Shareholders' equity | $599M | $651M | $718M | $763M | $829M | $929M | $1.2B | $1.2B | $1.3B | $1.3B |
| Margins | ||||||||||
| Operating margin | 1.3% | 2.2% | 3.5% | 2.1% | 3.3% | 7.4% | 7.8% | 3.9% | 5.8% | 2.3% |
| EBITDA margin | 5.1% | 5.8% | 7.0% | 5.9% | 7.4% | 10.6% | 10.6% | 7.2% | 9.4% | 6.5% |
| Net margin | 0.7% | 2.1% | 2.2% | 1.3% | 2.4% | 5.7% | 5.9% | 4.4% | 4.2% | 1.5% |
| FCF margin | 1.6% | 3.0% | 6.8% | 2.7% | 5.5% | 7.0% | 6.4% | 2.3% | 1.5% | 2.8% |
| Returns | ||||||||||
| Return on capital | 3.3% | 8.3% | 12.2% | 6.4% | 10.2% | 20.7% | 27.5% | 11.5% | 14.4% | 4.7% |
| Return on capital employed | 3.8% | 6.4% | 10.0% | 5.3% | 7.7% | 19.6% | 22.9% | 9.7% | 13.9% | 5.0% |
| Return on equity | 3.1% | 9.6% | 9.8% | 5.4% | 8.9% | 24.3% | 28.7% | 16.3% | 13.6% | 4.6% |
| Return on assets | 1.5% | 4.5% | 4.6% | 2.5% | 4.1% | 11.0% | 12.9% | 7.8% | 7.1% | 2.5% |
| Return on tangible equity | 4.5% | 12.7% | 12.4% | 6.5% | 10.4% | 42.5% | 40.7% | 23.4% | 18.9% | 6.5% |
| Growth | ||||||||||
| Revenue growth | — | 4.7% | 9.5% | −3.4% | −1.6% | 28.1% | 33.5% | −12.0% | −5.6% | −4.0% |
| Net income growth | — | 220.2% | 12.6% | −40.6% | 77.8% | 200.3% | 39.7% | −34.5% | −11.0% | −65.5% |
| EPS growth | — | 216.9% | 11.6% | −39.8% | 78.1% | 196.7% | 46.5% | −32.2% | −7.9% | −64.1% |
| FCF growth | — | 97.2% | 145.4% | −62.4% | 104.9% | 62.9% | 21.7% | −68.0% | −39.2% | 82.0% |
| Share count change | — | 0.6% | 1.0% | −0.9% | −0.1% | 1.3% | −4.7% | −3.4% | −3.3% | −3.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | 0.5x | 0.6x | −0.0x | 0.0x | −0.4x | 0.3x | −0.1x | −0.3x | 0.1x | 0.4x |
| Debt / equity | 0.4x | 0.4x | 0.4x | 0.4x | 0.3x | 0.2x | 0.2x | 0.2x | 0.1x | 0.2x |
| Current ratio | 1.2x | 1.3x | 1.4x | 1.5x | 1.5x | 1.1x | 1.3x | 1.3x | 1.0x | 1.0x |
| Quick ratio | 1.2x | 1.3x | 1.4x | 1.5x | 1.5x | 1.1x | 1.3x | 1.3x | 1.0x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.5% | 2.3% | 1.4% | 3.0% | 1.5% | 1.6% | 2.9% | 4.9% | 5.3% | 2.9% |
| Stock comp / revenue | 0.3% | 0.2% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Payouts / FCF | 40.8% | 16.6% | 8.3% | 21.8% | 9.1% | 34.4% | 23.5% | 99.9% | 137.9% | 75.8% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 5.0 | 5.0 | 5.0 | 7.0 | 6.0 | 8.0 | 5.0 | 5.0 | 4.0 |
| Altman Z'' | 2.6 | 2.9 | 3.3 | 3.1 | 3.3 | 3.2 | 4.0 | 3.7 | 3.9 | 3.3 |
| Accruals ratio | −7.3% | −7.0% | −12.9% | −8.2% | −7.9% | −5.7% | −7.5% | −5.1% | −4.6% | −6.9% |
Source: SEC EDGAR XBRL filings (CIK 0000894405). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.