ArcBest Corporation (ARCB)
NASDAQ:ARCB
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ArcBest
(NASDAQ:ARCB)
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Rating:56Neutral
Price Target:
$107.00
â–¼(-1.24% Downside)
Action:ReiteratedDate:01/31/26
ARCB scores in the mid-range primarily due to weakening financial performance (shrinking revenue and sharply thinner margins) partially offset by an improving balance sheet and positive, rebounding free cash flow. Technicals are supportive with price trading above key moving averages, but valuation is a headwind given the high P/E and low dividend yield. The latest earnings call was mixed: strategic and operational progress was highlighted, yet near-term profitability guidance and recent earnings declines point to continued cycle pressure.
Positive Factors
Balance-sheet resilience & improving leverage
Improving leverage and a sizable equity base support financing flexibility across freight cycles. With declining debt ratios management can fund targeted capex, dividends, and opportunistic buybacks while retaining liquidity to withstand industry downturns and invest in network modernization.
Negative Factors
Shrinking revenue and compressed margins
Sustained revenue declines and materially thinner margins weaken long-term earnings power and return metrics. Lower pricing leverage and margin compression reduce reinvestment capacity, strain ROE, and make the business more reliant on cost cuts or structural mix shifts to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience & improving leverage
Improving leverage and a sizable equity base support financing flexibility across freight cycles. With declining debt ratios management can fund targeted capex, dividends, and opportunistic buybacks while retaining liquidity to withstand industry downturns and invest in network modernization.
Read all positive factors
ArcBest (ARCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.42B
Dividend Yield0.62%
Average Volume (3M)306.38K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth-5.34%
EPS Growth-48.16%
CountryUS
Employees14,000
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.36
Shares Outstanding22,295,803
10 Day Avg. Volume225,028
30 Day Avg. Volume306,385
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)1.31
Price to Sales (P/S)0.42
P/FCF Ratio14.84
Enterprise Value/Market Cap1.25
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit13.91
Enterprise Value/Ebitda11.38
Forecast
1Y Price Target
$102.09Price Target Upside-5.77% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.65
Revenue Forecast (FY)$4.21B
ArcBest Business Overview & Revenue Model
Company Description
ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel,...
How the Company Makes Money
ArcBest makes money by charging customers for transportation and logistics services, with revenue generated across two main platforms: (1) Asset-Based (ABF Freight) and (2) Asset-Light logistics. In its Asset-Based business, ArcBest earns freight ...
ArcBest Earnings Call Summary
Earnings Call Date:Jan 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: operational and strategic progress (managed solutions growth, AI and productivity savings, fleet and network investments, Asset Light turnaround, and a strong balance sheet) are clear highlights, while near-term financial performance showed meaningful weakness (consolidated revenue down 3%, non-GAAP operating income and EPS materially lower, ABS OR deterioration and weather-related disruptions). Management emphasized disciplined pricing, cost control and long-term targets, but Q4 earnings and Q1 near-term guidance reflect the ongoing freight market softness and mix pressures.Positive Updates
Managed Solutions Growth and Record Performance
Managed solutions delivered double-digit growth in shipments per day and achieved record revenue and shipments for the year; Asset Light shipments growth (13% in January) led by managed business and Asset Light achieved breakeven non-GAAP operating results in Q4 and over $1 million in full-year non-GAAP operating profit (turnaround from 2024 loss).
Negative Updates
Decline in Consolidated Revenue
Consolidated revenue was $973 million in Q4, down 3% year over year.
Read all updates
Q4-2025 Updates
Positive
Negative
Managed Solutions Growth and Record Performance
Managed solutions delivered double-digit growth in shipments per day and achieved record revenue and shipments for the year; Asset Light shipments growth (13% in January) led by managed business and Asset Light achieved breakeven non-GAAP operating results in Q4 and over $1 million in full-year non-GAAP operating profit (turnaround from 2024 loss).
Read all positive updates
Company Guidance
The company guided that first-quarter operating ratio should worsen sequentially by about 100–200 basis points (better than the historical ~260 bps Q4→Q1 increase), with Asset Light expected to incur an operating loss of up to $1 million in Q1; for 2026 they expect net CapEx of $150–$170 million (below 5% of revenue) after $198 million of 2025 net CapEx (including $25 million of property sales). Management reaffirmed its 2028 targets (including long‑term EPS of $12–$15), said it will remain opportunistic on share repurchases after returning >$86 million in 2025, and noted roughly $400 million of available liquidity with net debt/EBITDA well below the S&P 500 average. Recent operational trends that inform the outlook included January ABF daily shipments +3% YoY, weight per shipment +5% and daily tonnage +8%, Asset Light January revenue +6% and shipments +13%, and a Q4 backdrop of consolidated revenue $973M, adjusted EPS $0.36, ABS operating ratio 96.2% (up 420 bps YoY) and Q4 deferred price increases averaging 5%.ArcBest Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.01B | 4.18B | 4.43B | 5.03B | 3.77B |
| Gross Profit | 90.31M | 350.00M | 378.43M | 573.52M | 406.33M |
| EBITDA | 265.79M | 376.78M | 341.74M | 536.07M | 406.22M |
| Net Income | 60.10M | 173.96M | 195.43M | 298.21M | 213.52M |
Balance Sheet | |||||
| Total Assets | 2.45B | 2.43B | 2.49B | 2.49B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 124.23M | 157.20M | 330.07M | 325.93M | 124.96M |
| Total Debt | 668.92M | 413.48M | 437.73M | 438.68M | 337.11M |
| Total Liabilities | 1.16B | 1.12B | 1.24B | 1.34B | 1.18B |
| Stockholders Equity | 1.30B | 1.31B | 1.24B | 1.15B | 929.07M |
Cash Flow | |||||
| Free Cash Flow | 114.18M | 45.85M | 90.17M | 305.31M | 245.04M |
| Operating Cash Flow | 228.95M | 285.85M | 322.17M | 470.82M | 323.51M |
| Investing Cash Flow | -76.70M | -187.28M | -21.70M | -261.08M | -303.20M |
| Financing Cash Flow | -177.66M | -233.35M | -196.61M | -127.98M | -247.65M |
ArcBest Technical Analysis
Positive
108.34
Price Trends
97.95
Positive
86.85
Positive
80.38
Positive
Market Momentum
2.33
Negative
69.10
Neutral
91.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARCB, the sentiment is Positive. The current price of 108.34 is above the 20-day moving average (MA) of 93.68, above the 50-day MA of 97.95, and above the 200-day MA of 80.38, indicating a bullish trend. The MACD of 2.33 indicates Negative momentum. The RSI at 69.10 is Neutral, neither overbought nor oversold. The STOCH value of 91.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARCB.
ArcBest Risk Analysis
ArcBest disclosed 29 risk factors in its most recent earnings report. ArcBest reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ArcBest Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $722.89M | 76.15 | 1.72% | 1.23% | 1.62% | -22.52% | |
59 Neutral | $604.73M | -4.00 | -6.38% | 2.76% | -7.55% | -130.67% | |
56 Neutral | $2.42B | -51.41 | 4.61% | 0.62% | -5.34% | -48.16% | |
54 Neutral | $1.15B | 53.18 | 2.27% | 2.07% | -9.74% | -42.57% | |
49 Neutral | $1.90B | -126.32 | -1.03% | 1.84% | -3.42% | -43.86% | |
46 Neutral | $867.50M | -13.41 | -6.71% | 0.87% | -19.56% | -54.39% |
* Industrials Sector Average
ARCB
ArcBest
108.34
45.33
71.95%
CVLG
Covenant Logistics Group
28.82
9.45
48.76%
HTLD
Heartland Express
11.20
2.65
30.95%
MRTN
Marten Transport
14.14
1.07
8.21%
WERN
Werner Enterprises
31.78
3.81
13.62%
ULH
Universal Logistics
22.95
-3.10
-11.89%
ArcBest Corporate Events
Business Operations and StrategyFinancial Disclosures
ArcBest Announces Preliminary Q1 2026 Operating Metrics
Neutral
Mar 6, 2026
ArcBest reported preliminary operating metrics for the first two months of the first quarter of 2026, covering the period from Jan. 1 through Feb. 28, showing modest year‑over‑year revenue growth and shifting freight dynamics in both i...
Business Operations and StrategyExecutive/Board Changes
ArcBest refreshes board with new independent directors
Positive
Jan 28, 2026
On January 26, 2026, ArcBest’s board expanded from eleven to thirteen members with the appointment of Ann G. Bordelon, a seasoned finance executive and CPA, and Bobby K. George, a veteran technology and digital innovation leader, as independ...
Business Operations and StrategyDividends
ArcBest Board Declares Quarterly Cash Dividend for Shareholders
Positive
Jan 27, 2026
On January 27, 2026, ArcBest announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share on its common stock, payable on February 24, 2026 to shareholders of record as of February 10, 2026. The dividend underscores ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.