(ARCB) ArcBest - Overview
Sector: Industrials | Industry: Trucking | Exchange: NASDAQ (USA) | Market Cap: 2.643m USD | Total Return: 90.1% in 12m
Industry Rotation: +8.9
Avg Turnover: 40.3M
EPS Trend: -82.6%
Qual. Beats: 0
Rev. Trend: -88.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Avwap Ph Week, Confidence
ArcBest Corporation (ARCB) is a North American logistics provider operating through Asset-Based and Asset-Light segments. The Asset-Based division focuses on Less-Than-Truckload (LTL) shipping for diverse industrial and consumer commodities, while the Asset-Light division manages freight brokerage, expedite services, and international air and ocean transport. Historically, LTL providers benefit from high barriers to entry due to the extensive physical terminal networks required to consolidate and sort freight.
The companys business model balances owned-equipment operations with a variable-cost brokerage arm to navigate cyclical fluctuations in the trucking industry. This dual approach allows ArcBest to service complex supply chain needs, including intermodal, warehousing, and final-mile delivery. Reviewing the historical performance metrics on ValueRay can provide deeper context on these operational segments. Founded in 1923 and headquartered in Arkansas, the firm transitioned from its original name, Arkansas Best Corporation, in 2014.
- LTL tonnage trends and shipment yields drive core asset-based revenue
- Labor cost inflation and union contract negotiations impact operating margins
- Industrial production levels dictate demand for North American freight services
- Expansion of asset-light logistics services diversifies revenue beyond traditional trucking
- Capital expenditure on fleet modernization influences long-term operational efficiency
| Net Income: 55.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.34 > 1.0 |
| NWC/Revenue: -1.21% < 20% (prev 0.02%; Δ -1.23% < -1%) |
| CFO/TA 0.11 > 3% & CFO 259.8m > Net Income 55.9m |
| Net Debt (396.0m) to EBITDA (221.9m): 1.79 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.3m) vs 12m ago -4.01% < -2% |
| Gross Margin: 4.09% > 18% (prev 0.08%; Δ 401.2% > 0.5%) |
| Asset Turnover: 166.2% > 50% (prev 170.7%; Δ -4.60% > 0%) |
| Interest Coverage Ratio: 6.37 > 6 (EBITDA TTM 221.9m / Interest Expense TTM 13.9m) |
| A: -0.02 (Total Current Assets 643.2m - Total Current Liabilities 692.0m) / Total Assets 2.46b |
| B: 0.60 (Retained Earnings 1.48b / Total Assets 2.46b) |
| C: 0.04 (EBIT TTM 88.5m / Avg Total Assets 2.43b) |
| D: 1.26 (Book Value of Equity 1.48b / Total Liabilities 1.17b) |
| Altman-Z'' Score: 3.40 = A |
| DSRI: 0.99 (Receivables 454.8m/468.3m, Revenue 4.04b/4.11b) |
| GMI: 1.96 (GM 4.09% / 8.04%) |
| AQI: 1.36 (AQ_t 0.28 / AQ_t-1 0.20) |
| SGI: 0.98 (Revenue 4.04b / 4.11b) |
| TATA: -0.08 (NI 55.9m - CFO 259.8m) / TA 2.46b) |
| Beneish M-Score: -2.05 (Cap -4..+1) = BB |
Over the past week, the price has changed by +12.15%, over one month by +5.04%, over three months by +19.09% and over the past year by +90.07%.
- StrongBuy: 4
- Buy: 2
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 135.5 | 8.3% |
P/E Forward = 21.2314
P/S = 0.6538
P/B = 2.0934
P/EG = 0.4985
Revenue TTM = 4.04b USD
EBIT TTM = 88.5m USD
EBITDA TTM = 221.9m USD
Long Term Debt = 129.6m USD (from longTermDebt, last quarter)
Short Term Debt = 130.9m USD (from shortTermDebt, last quarter)
Debt = 460.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 396.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.02b USD (2.64b + Debt 460.1m - CCE 86.4m)
Interest Coverage Ratio = 6.37 (Ebit TTM 88.5m / Interest Expense TTM 13.9m)
EV/FCF = 17.83x (Enterprise Value 3.02b / FCF TTM 169.1m)
FCF Yield = 5.61% (FCF TTM 169.1m / Enterprise Value 3.02b)
FCF Margin = 4.18% (FCF TTM 169.1m / Revenue TTM 4.04b)
Net Margin = 1.38% (Net Income TTM 55.9m / Revenue TTM 4.04b)
Gross Margin = 4.09% ((Revenue TTM 4.04b - Cost of Revenue TTM 3.88b) / Revenue TTM)
Gross Margin QoQ = 0.34% (prev -0.85%)
Tobins Q-Ratio = 1.23 (Enterprise Value 3.02b / Total Assets 2.46b)
Interest Expense / Debt = 0.93% (Interest Expense 4.29m / Debt 460.1m)
Taxrate = 27.68% (23.0m / 83.1m)
NOPAT = 64.0m (EBIT 88.5m * (1 - 27.68%))
Current Ratio = 0.93 (Total Current Assets 643.2m / Total Current Liabilities 692.0m)
Debt / Equity = 0.36 (Debt 460.1m / totalStockholderEquity, last quarter 1.29b)
Debt / EBITDA = 1.79 (Net Debt 396.0m / EBITDA 221.9m)
Debt / FCF = 2.34 (Net Debt 396.0m / FCF TTM 169.1m)
Total Stockholder Equity = 1.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.30% (Net Income 55.9m / Total Assets 2.46b)
RoE = 4.30% (Net Income TTM 55.9m / Total Stockholder Equity 1.30b)
RoCE = 6.19% (EBIT 88.5m / Capital Employed (Equity 1.30b + L.T.Debt 129.6m))
RoIC = 4.19% (NOPAT 64.0m / Invested Capital 1.53b)
WACC = 9.46% (E(2.64b)/V(3.10b) * Re(10.99%) + D(460.1m)/V(3.10b) * Rd(0.93%) * (1-Tc(0.28)))
Discount Rate = 10.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -3.58%
[DCF] Terminal Value 67.01% ; FCFF base≈126.0m ; Y1≈92.3m ; Y5≈52.6m
[DCF] Fair Price = 17.96 (EV 796.0m - Net Debt 396.0m = Equity 399.9m / Shares 22.3m; r=9.46% [WACC]; 5y FCF grow -31.56% → 3.0% )
EPS Correlation: -82.60 | EPS CAGR: -49.98% | SUE: 0.19 | # QB: 0
Revenue Correlation: -88.81 | Revenue CAGR: -7.20% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.64 | Chg30d=+22.95% | Revisions=+75% | Analysts=12
EPS next Quarter (2026-09-30): EPS=1.83 | Chg30d=+9.12% | Revisions=+43% | Analysts=11
EPS current Year (2026-12-31): EPS=5.16 | Chg30d=+13.45% | Revisions=+60% | GrowthEPS=+39.4% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=7.99 | Chg30d=+9.89% | Revisions=+73% | GrowthEPS=+54.9% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: +75%