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Trucking · Industrials · Fiscal year ends Dec 31
Arcbest reported revenue of $4B in the fiscal year ended Dec 2025, down 4.0% from the year before. Operating income was $90M, an operating margin of 2.3%, and net income was $60M. Operating cash flow of $229M less capital expenditure of $115M left free cash flow of $114M. Net debt was $122M.
Ranks among the 10 trucking companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 3,766 | 5,029 | 4,427 | 4,179 | 4,010 |
| Research & development | 32.8 | 40.8 | 52.4 | 34.1 | 29.1 |
| Operating income | 277 | 395 | 173 | 244 | 90.3 |
| Interest expense | 8.9 | 7.7 | 9.1 | 9.0 | 12.4 |
| Pre-tax income | 273 | 388 | 187 | 219 | 83.1 |
| Income tax | 62.6 | 93.7 | 44.8 | 45.4 | 23.0 |
| Net income | 214 | 298 | 195 | 174 | 60.1 |
| Diluted EPS | 7.98 | 11.69 | 7.93 | 7.30 | 2.62 |
| Diluted shares | 26.8 | 25.5 | 24.6 | 23.8 | 22.9 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 76.6 | 158 | 262 | 127 | 102 |
| Receivables | 582 | 517 | 430 | 395 | 371 |
| Current assets | 776 | 990 | 885 | 676 | 626 |
| Net PP&E | 696 | 800 | 915 | 1,066 | 1,143 |
| Goodwill | 300 | 305 | 305 | 305 | 305 |
| Total assets | 2,113 | 2,494 | 2,485 | 2,430 | 2,453 |
| Payables | 311 | 270 | 214 | 173 | 154 |
| Current liabilities | 703 | 768 | 702 | 666 | 657 |
| Short-term debt | – | 66.3 | 66.9 | 64.0 | 87.9 |
| Long-term debt | 175 | 198 | 162 | 125 | 136 |
| Total liabilities | 1,184 | 1,343 | 1,243 | 1,115 | 1,157 |
| Shareholders' equity | 929 | 1,151 | 1,242 | 1,314 | 1,296 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 324 | 471 | 322 | 286 | 229 |
| Capital expenditure | 58.4 | 148 | 219 | 223 | 115 |
| Free cash flow | 265 | 323 | 103 | 62.7 | 114 |
| Depreciation & amortisation | 123 | 138 | 145 | 149 | 170 |
| Stock-based compensation | 11.4 | 12.8 | 11.4 | 11.4 | 10.6 |
| Acquisitions | 239 | −2.3 | – | – | – |
| Share buybacks | 83.1 | 65.0 | 91.5 | 75.2 | 75.6 |
| Dividends paid | 8.1 | 10.8 | 11.5 | 11.3 | 11.0 |
| Dividend per share | 0.32 | – | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 33.5% | −12.0% | −5.6% | −4.0% |
| Operating income growth (YoY) | – | 42.4% | −56.2% | 41.6% | −63.1% |
| EPS growth (YoY) | – | 46.5% | −32.2% | −7.9% | −64.1% |
| Operating margin | 7.4% | 7.8% | 3.9% | 5.8% | 2.3% |
| Net margin | 5.7% | 5.9% | 4.4% | 4.2% | 1.5% |
| Return on equityBlank when equity is negative | 23.0% | 25.9% | 15.7% | 13.2% | 4.6% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.6% | 22.9% | 9.7% | 13.9% | 5.0% |
| Free cash flow margin | 7.0% | 6.4% | 2.3% | 1.5% | 2.8% |
| Cash conversion (CFO ÷ net income) | 1.52x | 1.58x | 1.65x | 1.64x | 3.81x |
| Receivable days | 56 | 38 | 35 | 34 | 34 |
| Interest cover | 31.1x | 51.1x | 19.0x | 27.2x | 7.30x |
| Debt ÷ equity | 0.19x | 0.23x | 0.18x | 0.14x | 0.17x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 98.3 | 106 | −33.3 | 61.7 | 122 |
| Current ratio | 1.10x | 1.29x | 1.26x | 1.01x | 0.95x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.