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ArcBest
(NASDAQ:ARCB)
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Rating:58Neutral
Price Target:
$147.00
â–²(5.66% Upside)
Action:Reiterated
Date:09/09/26
ARCB’s score is held back primarily by sharply weakened profitability and a very expensive valuation (P/E ~201.6 with a low dividend yield). Offsetting factors include solid balance sheet positioning, strong recent free cash flow generation, and an earnings-call narrative pointing to improving operations and identifiable cost-savings with near-term guidance broadly stable. Technically, momentum is neutral-to-soft (negative MACD), limiting near-term conviction.
Positive Factors
Broad operating growth
Recent volume, pricing, and revenue gains across both operating segments indicate improving customer activity and execution. Continued growth in asset-based tonnage and asset-light revenue can strengthen network utilization, support cross-selling, and provide a durable foundation for recovery over the next several quarters.
Negative Factors
Sharp profitability deterioration
The steep decline in net income and very low return on equity show that recent revenue recovery has not yet translated into durable earnings power. Thin profitability leaves less protection against weaker freight volumes, cost inflation, or execution setbacks in the operating network.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad operating growth
Recent volume, pricing, and revenue gains across both operating segments indicate improving customer activity and execution. Continued growth in asset-based tonnage and asset-light revenue can strengthen network utilization, support cross-selling, and provide a durable foundation for recovery over the next several quarters.
Read all positive factors
ArcBest Key Performance Indicators (KPIs)
ArcBest (ARCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.09B
Dividend Yield0.35%
Average Volume (3M)332.06K
Price to Earnings (P/E)194.6
Beta (1Y)1.28
Revenue Growth3.70%
EPS Growth-89.58%
CountryUS
Employees14,000
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.70
Shares Outstanding22,351,355
10 Day Avg. Volume222,993
30 Day Avg. Volume332,065
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)1.31
Price to Sales (P/S)0.42
P/FCF Ratio16.81
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$170.17Price Target Upside22.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)6.79
Revenue Forecast (FY)$4.49B
ArcBest Business Overview & Revenue Model
Company Description
ArcBest Corporation, an integrated logistics company, provides ground, air, and ocean transportation solutions worldwide. It operates in two segments, Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services...
How the Company Makes Money
ArcBest makes money by charging customers for transportation and logistics services, with revenue primarily generated through two broad models: (1) asset-based freight transportation and (2) asset-light logistics and managed transportation.
1) As...
ArcBest Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call presented multiple operational and financial improvements: strong top-line growth (revenue +16%), improved profitability (non-GAAP operating income and adjusted EPS growth), ABF margin recovery (adjusted OR improvement and higher tonnage/weight per shipment), and notable Asset-Light productivity gains and managed solutions momentum. Management launched ArcBestView, announced restructuring actions expected to deliver ~$40 million annualized savings (with a clear realization schedule), and reiterated disciplined capital allocation. Offsetting these positives were sizable noncash impairments (~$85.3 million total disclosed), expected Q3 cash costs related to restructuring, increases in operating expenses (wages, fuel, purchase transportation, depreciation), some pressure on revenue per hundredweight (ex-fuel), and ongoing uncertainty in broader industrial demand and potential insurance/legal implications following industry rulings. Overall, the highlights — growth, margin improvement, digital launch, productivity gains, and planned cost savings — outweigh the negatives, though investors should note the near-term GAAP hits and execution risks during restructuring.Positive Updates
Consolidated Revenue and EPS Growth
Second quarter consolidated revenue of $1.2 billion, up 16% year-over-year; non-GAAP operating income of $74 million vs. $45 million prior year; adjusted EPS $2.38 vs. $1.36 in Q2 2025.
Negative Updates
Large Noncash Impairment Charges and U-Pack Discontinuation
Second quarter GAAP results include $76.5 million of noncash impairment charges related to the Panther trade name and U-Pack equipment/assets and an additional $8.8 million noncash impairment related to Asset-Light office space; the U-Pack freight movement system was discontinued.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue and EPS Growth
Second quarter consolidated revenue of $1.2 billion, up 16% year-over-year; non-GAAP operating income of $74 million vs. $45 million prior year; adjusted EPS $2.38 vs. $1.36 in Q2 2025.
Read all positive updates
Company Guidance
Management guided that ABF’s third‑quarter adjusted operating ratio is expected to be generally in line with Q2’s 90.8% (Q2 improved 200 bps YoY and 650 bps sequentially), with that outlook assuming lower fuel surcharge revenue partially offset by restructuring savings; Asset‑Light non‑GAAP operating income is expected to be about $6–8 million in Q3. The company reiterated a $40 million annualized run‑rate cost‑savings target (roughly $30M Asset‑Based, ~$8M Asset‑Light, ~$2M U‑Pack), with ~$2M of savings realized in Q2, ~ $6M expected in Q3 and a full run‑rate of $10M per quarter by Q1 2027, while Q2 GAAP included $76.5M of noncash impairment (Panther/U‑Pack) and $8.8M Asset‑Light office impairment (total ≈$85.3M) and the firm expects ~$6–7M of cash costs (mainly severance) primarily in Q3. For context, Q2 results included consolidated revenue $1.2B (+16% YoY), non‑GAAP operating income $74M, adjusted EPS $2.38; ABF Q2 revenue $784M (+10% per day) with daily tonnage +5%, weight per shipment +8% (July +11%), shipments/day -3%, billed revenue/ship +13% (July +10%), rev/cwt +4% (ex‑fuel down low single digits); Asset‑Light Q2 revenue $439M (+28% daily), shipments/day +15%, rev/ship +12%, SG&A/ship -12% and shipments per person/day +35%.ArcBest Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.20B | 4.01B | 4.18B | 4.43B | 5.03B | 3.77B |
| Gross Profit | 2.26B | 90.31M | 350.00M | 378.43M | 573.52M | 406.33M |
| EBITDA | 121.86M | 265.79M | 376.78M | 341.74M | 536.07M | 406.22M |
| Net Income | 16.30M | 60.10M | 173.96M | 195.43M | 298.21M | 213.52M |
Balance Sheet | ||||||
| Total Assets | 2.45B | 2.45B | 2.43B | 2.49B | 2.49B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 168.43M | 124.23M | 157.20M | 330.07M | 325.93M | 124.96M |
| Total Debt | 459.76M | 464.58M | 413.48M | 437.73M | 438.68M | 337.11M |
| Total Liabilities | 1.18B | 1.16B | 1.12B | 1.24B | 1.34B | 1.18B |
| Stockholders Equity | 1.27B | 1.30B | 1.31B | 1.24B | 1.15B | 929.07M |
Cash Flow | ||||||
| Free Cash Flow | 192.38M | 100.79M | 45.85M | 90.17M | 305.31M | 245.04M |
| Operating Cash Flow | 281.14M | 228.95M | 285.85M | 322.17M | 470.82M | 323.51M |
| Investing Cash Flow | -63.38M | -76.70M | -187.28M | -21.70M | -261.08M | -303.20M |
| Financing Cash Flow | -186.79M | -177.66M | -233.35M | -196.61M | -127.98M | -247.65M |
ArcBest Technical Analysis
Negative
139.12
Price Trends
143.47
Negative
139.17
Negative
114.32
Positive
Market Momentum
-1.72
Negative
46.06
Neutral
64.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARCB, the sentiment is Negative. The current price of 139.12 is above the 20-day moving average (MA) of 138.55, below the 50-day MA of 143.47, and above the 200-day MA of 114.32, indicating a neutral trend. The MACD of -1.72 indicates Negative momentum. The RSI at 46.06 is Neutral, neither overbought nor oversold. The STOCH value of 64.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
58 Neutral | $3.09B | 194.57 | 1.26% | 0.35% | 3.70% | -89.58% | |
53 Neutral | $894.57M | 236.87 | 0.92% | 0.79% | 8.34% | -89.15% | |
52 Neutral | $2.39B | -50.43 | -3.39% | 1.45% | 9.64% | -190.02% | |
52 Neutral | $1.17B | 90.27 | 1.65% | 1.72% | -6.87% | -39.59% | |
52 Neutral | $490.18M | -5.25 | -16.51% | 2.30% | -8.33% | -249.94% | |
43 Neutral | $952.74M | -43.34 | -2.89% | 0.65% | -21.02% | 38.05% |
* Industrials Sector Average
ARCB
ArcBest
136.20
65.85
93.60%
CVLG
Covenant Logistics Group
35.53
12.74
55.93%
HTLD
Heartland Express
12.23
3.83
45.54%
MRTN
Marten Transport
14.01
2.59
22.65%
WERN
Werner Enterprises
38.89
11.66
42.79%
ULH
Universal Logistics
18.26
-5.17
-22.07%
ArcBest Corporate Events
Business Operations and StrategyFinancial Disclosures
ArcBest Reports Strong Q3 Volume and Pricing Trends
Positive
Sep 8, 2026
ArcBest reported third-quarter 2026 trends through August 31 showing solid volume and pricing gains in its asset-based segment, with daily tonnage up 9% in August and 9% quarter-to-date, driven by a significantly heavier freight profile despite fe...
Dividends
ArcBest Board Declares Quarterly Cash Dividend Announcement
Positive
Jul 24, 2026
On July 24, 2026, ArcBest’s board of directors declared a quarterly cash dividend of $0.12 per share for holders of its common stock, with shareholders of record on August 7, 2026 set to receive payment on August 21, 2026. The dividend decis...
Business Operations and StrategyFinancial Disclosures
ArcBest announces restructuring and brand simplification initiative
Neutral
Jul 17, 2026
On July 16, 2026, ArcBest announced a restructuring plan and brand simplification that will bring MoLo Solutions, Panther Premium Logistics and ArcBest Technologies under the ArcBest brand from August 1, 2026, while retaining ABF Freight for LTL o...
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.