Arcbest (ARCB)
NASDAQ:ARCB
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ArcBest
(NASDAQ:ARCB)
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Rating:58Neutral
Price Target:
$148.00
â–²(24.75% Upside)
Action:Reiterated
Date:06/05/26
ARCB’s score is driven primarily by mixed financial performance: strong revenue rebound and adequate balance sheet/cash generation, but materially compressed margins and lower returns. Technically, the trend is strong but momentum is overbought, increasing near-term volatility risk. Valuation is the biggest drag due to a high P/E and low dividend yield, while the latest earnings call adds modest support through guidance for Q2 improvement and tangible cost-saving initiatives despite near-term earnings pressure.
Positive Factors
Two‑pillar business model
ArcBest’s combined asset‑based LTL network and asset‑light logistics platform provides durable diversification: the asset base secures network control and density while asset‑light scales with demand. This structural mix reduces single‑channel risk and supports resilient revenue over cycles.
Negative Factors
Compressed profitability and returns
Margins and returns have deteriorated sharply versus historical levels, indicating weaker pricing power or higher structural costs. Persistently low profitability limits reinvestment capacity and weakens the balance sheet’s earnings cover, making recovery reliant on sustained margin fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Two‑pillar business model
ArcBest’s combined asset‑based LTL network and asset‑light logistics platform provides durable diversification: the asset base secures network control and density while asset‑light scales with demand. This structural mix reduces single‑channel risk and supports resilient revenue over cycles.
Read all positive factors
ArcBest (ARCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.25B
Dividend Yield0.62%
Average Volume (3M)326.37K
Price to Earnings (P/E)61.9
Beta (1Y)1.45
Revenue Growth-1.65%
EPS Growth-67.84%
CountryUS
Employees14,000
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)2.44
Shares Outstanding22,263,780
10 Day Avg. Volume255,335
30 Day Avg. Volume326,365
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 Cap1.06
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit20.79
Enterprise Value/Ebitda15.50
Forecast
1Y Price Target
$137.44Price Target Upside15.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)5.29
Revenue Forecast (FY)$4.36B
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:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call communicated a cautiously optimistic outlook: top-line growth, record productivity in Asset‑Light, meaningful operational cost savings ($32M CI + $15M route optimization), product/technology progress (ArcBestView) and a constructive Q2 operating ratio outlook are notable positives. However, near-term profitability is under pressure (non‑GAAP operating income down, EPS down ~37%), Asset‑Based margin degradation (OR +140 bps YoY), fuel volatility, and elevated operating costs temper the optimism. Management emphasized disciplined pricing, efficiency initiatives, and a strong balance sheet to navigate the cycle and capture upside as truckload capacity tightens.Positive Updates
Consolidated Revenue Growth
Total first-quarter revenue of $1.0 billion, up 3% year over year, demonstrating top-line resilience despite a challenging operating environment.
Negative Updates
Decline in Consolidated Profitability
Non‑GAAP consolidated operating income declined to $13 million from $17 million a year ago (down approximately 23.5%), reflecting margin pressure across the business in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Total first-quarter revenue of $1.0 billion, up 3% year over year, demonstrating top-line resilience despite a challenging operating environment.
Read all positive updates
Company Guidance
Management guided to sequential improvement in Q2, expecting ABF’s non‑GAAP operating ratio to improve roughly 400–500 basis points from Q1 (versus a historical ~350 bps seasonal improvement); they reiterated Q1 results of $1.0B consolidated revenue (+3% YoY), $13M non‑GAAP operating income, and $0.32 adjusted EPS, and called out Asset‑Based Q1 revenue of $655M (+2% per day) with a 97.3% OR, ~20k daily shipments (+2% YoY) and daily tonnage +7% (2% shipments/day, 5% weight/shipment), while Asset‑Light delivered $378M revenue (+7% per day), record shipments/day (+10%), SG&A per shipment down 15%, shipments per person/day +26% and $3M Q1 non‑GAAP operating income with Q2 Asset‑Light guidance of about $1M–$3M; April trends showed shipments/day down 1% YoY but weight/shipment +6% and daily tonnage +5%, April revenue/shipment +10% YoY (revenue/cwt +4% YoY, ex‑fuel slightly down), and management noted $32M and $15M of annualized savings from continuous improvement and city route optimization respectively, plus >$10M returned to shareholders YTD and a net debt/EBITDA well below the S&P 500 average.ArcBest Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
66
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.04B | 4.01B | 4.18B | 4.43B | 5.03B | 3.77B |
| Gross Profit | 165.40M | 90.31M | 350.00M | 378.43M | 573.52M | 406.33M |
| EBITDA | 221.85M | 265.79M | 376.78M | 341.74M | 536.07M | 406.22M |
| Net Income | 55.93M | 60.10M | 173.96M | 195.43M | 298.21M | 213.52M |
Balance Sheet | ||||||
| Total Assets | 2.46B | 2.45B | 2.43B | 2.49B | 2.49B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 86.45M | 124.23M | 157.20M | 330.07M | 325.93M | 124.96M |
| Total Debt | 460.09M | 668.92M | 413.48M | 437.73M | 438.68M | 337.11M |
| Total Liabilities | 1.17B | 1.16B | 1.12B | 1.24B | 1.34B | 1.18B |
| Stockholders Equity | 1.29B | 1.30B | 1.31B | 1.24B | 1.15B | 929.07M |
Cash Flow | ||||||
| Free Cash Flow | 169.15M | 114.18M | 45.85M | 90.17M | 305.31M | 245.04M |
| Operating Cash Flow | 259.81M | 228.95M | 285.85M | 322.17M | 470.82M | 323.51M |
| Investing Cash Flow | -79.05M | -76.70M | -187.28M | -21.70M | -261.08M | -303.20M |
| Financing Cash Flow | -190.83M | -177.66M | -233.35M | -196.61M | -127.98M | -247.65M |
ArcBest Technical Analysis
Positive
118.64
Price Trends
119.20
Positive
107.64
Positive
89.86
Positive
Market Momentum
8.21
Negative
81.94
Negative
98.08
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 118.64 is below the 20-day moving average (MA) of 129.01, below the 50-day MA of 119.20, and above the 200-day MA of 89.86, indicating a bullish trend. The MACD of 8.21 indicates Negative momentum. The RSI at 81.94 is Negative, neither overbought nor oversold. The STOCH value of 98.08 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 | $1.45B | 99.84 | 1.89% | 2.07% | -7.81% | -33.01% | |
59 Neutral | $2.59B | -304.24 | -0.62% | 1.84% | 3.28% | -154.33% | |
58 Neutral | $3.25B | 61.94 | 4.30% | 0.62% | -1.65% | -67.84% | |
58 Neutral | $1.09B | 214.20 | 1.23% | 1.23% | 7.15% | -87.09% | |
57 Neutral | $1.22B | -28.09 | -5.66% | 0.87% | -23.49% | -54.25% | |
43 Neutral | $456.99M | -4.15 | -18.94% | 2.76% | -11.11% | -231.01% |
* Industrials Sector Average
ARCB
ArcBest
155.09
91.75
144.84%
CVLG
Covenant Logistics Group
43.52
20.99
93.18%
HTLD
Heartland Express
15.74
7.16
83.39%
MRTN
Marten Transport
17.75
5.01
39.29%
WERN
Werner Enterprises
43.46
17.11
64.95%
ULH
Universal Logistics
17.21
-6.55
-27.58%
ArcBest Corporate Events
Business Operations and StrategyFinancial Disclosures
ArcBest Reports Strong April–May 2026 Operating Momentum
Positive
Jun 4, 2026
ArcBest reported preliminary operating metrics for April and May 2026, showing solid year-over-year growth in both its Asset-Based and Asset-Light segments. In the Asset-Based business, daily billed revenue rose about 10% quarter-to-date versus th...
Business Operations and StrategyPrivate Placements and Financing
ArcBest Ends Receivables Loan, Shifts Credit Support
Neutral
May 18, 2026
ArcBest Corporation and its wholly owned subsidiary ArcBest Funding LLC terminated their Third Amended and Restated Receivables Loan Agreement with Toronto-Dominion Bank and other lenders on May 18, 2026, ending a receivables-backed facility origi...
Business Operations and StrategyRegulatory Filings and Compliance
ArcBest Reincorporates in Texas, Updating Governance Framework
Neutral
May 15, 2026
On May 15, 2026, ArcBest converted its legal domicile from Delaware to Texas by filing conversion and formation documents with both states, becoming a Texas corporation while retaining the ArcBest Corporation name. At the effective time of the con...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
ArcBest Shareholders Approve Texas Reincorporation and Governance Items
Neutral
Apr 24, 2026
On April 24, 2026, ArcBest Corporation held its 2026 annual meeting of stockholders, where shareholders elected the full slate of director nominees to serve until the 2027 annual meeting and approved, on an advisory basis, the compensation of the ...
Dividends
ArcBest Board Declares Quarterly Cash Dividend for Shareholders
Positive
Apr 24, 2026
On April 24, 2026, ArcBest announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share on its common stock, with shareholders of record as of May 8, 2026, scheduled to receive payment on May 22, 2026. The dividend d...
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...
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.