One-glance verdict
Overvalued
$56.93 our estimate vs market $135.68
Wall Street consensus: $170.92 (200.2% higher than our fair-value estimate)
138% above our estimate, beyond the bull case
Fundamentals snapshot
ArcBest Corporation
ARCB · NMS · Industrials · Trucking
Current price
$135.68
52-week range
$59.43 - $176.69
Market cap
$3.03B
Balance sheet
Healthy
8.06x Adequate
Net debt $291.33M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 4.8% last year.
- Reward Returns 1.3% on equity, ahead of 16% of its peers.
- Risk Stock trades 1147.6% above its 5-year average P/E.
- Risk Net debt grew 201.9% over 3 years.
What this company does
ArcBest Corporation
ArcBest is a shipping company that helps businesses move products by truck, plane, and boat, managing the journey from the factory to the final customer. It primarily makes money in two ways: using its own trucks to transport smaller loads for various clients, and acting as a middleman arranging shipments on other companies' vehicles. Because ArcBest's services are a crucial part of the supply chain (the entire process of making and delivering goods), its performance can often indicate how the broader economy is doing.
How the company got here
ArcBest started in 1923 as a small, local freight hauler in Arkansas called OK Transfer. Through many decades of acquiring other trucking companies, it grew from a regional carrier into a large national player. Originally named Arkansas Best Corporation, the company changed its name to ArcBest in 2014 to reflect its wider range of logistics (the business of coordinating complex operations) services beyond just trucking. It has since transformed into a full-service logistics company, helping businesses manage their entire supply chain (the complete process of making and selling goods, from sourcing raw materials to delivering the final product to customers).
What it actually does
Think of ArcBest as a problem-solver for businesses that need to ship goods. The company helps other companies move everything from furniture and car parts to retail products and trade show materials across the country and the world. They offer a wide menu of transportation options, including trucks, planes, and ocean freighters, to manage the increasingly complex journey of products from factory to consumer. ArcBest provides the trucks and drivers, coordinates with other transportation providers, and offers technology to help customers track and manage their shipments.
Asset-Based
This is ArcBest's traditional trucking business, operated under the well-known ABF Freight brand, and it makes up a little more than half of the company's revenue. This segment owns its own fleet of trucks and trailers and employs drivers to move freight for customers. It specializes in "less-than-truckload" or LTL shipping, which means it combines smaller shipments from multiple customers onto a single truck, which is a cost-effective way for businesses to send goods that don't require a full truck. Customers pay ArcBest to pick up, transport, and deliver their goods across a vast network of service centers throughout North America.
Asset-Light
This part of the company doesn't own all the trucks or planes itself; instead, it acts as a manager or broker for transportation. This segment provides a variety of logistics services, including arranging time-sensitive shipments, managing a customer's entire transportation network, and even helping people with do-it-yourself moves through its U-Pack brand. For example, a customer might pay this division to find and hire another company's truck for a specific shipment or to handle all the logistics for an international delivery. This segment has grown through acquisitions of companies specializing in areas like expedited shipping and truckload brokerage (acting as a middleman between a shipper and a carrier).
What management is betting on now
ArcBest's leadership is focused on making it easier for customers to use their full range of services by unifying many of its acquired brands under the single ArcBest name. They are investing in technology to give customers a single platform to manage all their shipping needs and to make the company's own operations more efficient. The company's strategy centers on accelerating profitable growth, increasing efficiency, and driving innovation to solve complex supply chain challenges for their clients. This involves seamlessly combining their own trucking services (Asset-Based) with their managed transportation options (Asset-Light) to be a one-stop shop for customers.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$23.92M
FY2024 Q4
$3.53M
FY2025 Q1
$-36.84M
FY2025 Q2
$80.95M
FY2025 Q3
$33.18M
FY2025 Q4
$36.89M
FY2026 Q1
$-1.22M
FY2026 Q2
$117.11M
Revenue
$1.18B
Net income
$-13.82M
Diluted EPS
-0.62
Operating cash flow
$129.74M
Free cash flow
$117.11M
Fetching…
Sources
Revenue
$998.79M
Net income
$-1.04M
Diluted EPS
-0.05
Operating cash flow
$8.54M
Free cash flow
$-1.22M
Fetching…
Sources
Revenue
$972.69M
Net income
$-8.12M
Diluted EPS
-0.35
Operating cash flow
$44.66M
Free cash flow
$36.89M
Fetching…
Sources
Revenue
$1.05B
Net income
$39.27M
Diluted EPS
1.72
Operating cash flow
$98.18M
Free cash flow
$33.18M
Fetching…
Sources
Revenue
$1.02B
Net income
$25.81M
Diluted EPS
1.12
Operating cash flow
$108.43M
Free cash flow
$80.95M
Fetching…
Sources
Revenue
$967.08M
Net income
$3.13M
Diluted EPS
0.13
Operating cash flow
$-22.32M
Free cash flow
$-36.84M
Fetching…
Sources
Revenue
$1.00B
Net income
$29.04M
Diluted EPS
1.21
Operating cash flow
$56.80M
Free cash flow
$3.53M
Fetching…
Sources
Revenue
$1.06B
Net income
$100.31M
Diluted EPS
4.23
Operating cash flow
$88.85M
Free cash flow
$23.92M
Fetching…
Sources
Is it cheap or expensive?
Fair value $56.93 vs current price $135.68
Wall Street consensus is the average analyst price target: $170.92 (200.2% higher than our fair-value estimate).
Our most-likely fair value is $56.93 a share — about 58.0% below today's price of $135.68, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Healthy
Net debt $291.3M. Interest coverage 8.1x.
Net debt
$291.33M
Interest coverage
8.06x
ArcBest Corporation's profit covers its interest bill about 8.1 times over. which is stronger than most peers shown here.
Healthy
Worse cushion
Baseline
Better cushion
ARCB
BASELINE
ArcBest Corporation
Total debt $459.76M Interest coverage 8.06x This is the baseline the peer rows are being compared against.
Total debt $269.19M Interest coverage 21.42x +166% vs ARCB Carries about 2.7x more debt cushion than ARCB.
Total debt $4.04B Interest coverage 3.33x -59% vs ARCB Carries about 2.4x less debt cushion than ARCB.
Total debt $20.00M Interest coverage 4,598.12x +56,920% vs ARCB Carries about 570.2x more debt cushion than ARCB.
Total debt $2.69B Interest coverage 1.94x -76% vs ARCB Carries about 4.2x less debt cushion than ARCB.
Total debt $3.05B Interest coverage 3.81x -53% vs ARCB Carries about 2.1x less debt cushion than ARCB.
What you should know
The case for and against ARCB
3 Rewards
3 Risks
Rewards
-
Revenue grew 4.8% last year.
-
Returns 1.3% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 1147.6% above its 5-year average P/E.
-
Net debt grew 201.9% over 3 years.
-
Operating margin compressed from 8.2% to 5.4% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
193.83x
Forward P/E
14.21x
P/B
2.39x
P/S
0.72x
EV/EBITDA
11.50x
PEG ratio
0.50x
Profitability
How much profit each dollar creates
Gross margin
8.1%
Operating margin
5.4%
Net margin
0.4%
ROE
1.3%
ROA
2.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.36x
Current ratio
0.97x
Quick ratio
0.86x
Total debt
$459.76M
Total cash
$168.43M
Growth
How the business has been compounding
Revenue TTM
$4.20B
Revenue 5Y CAGR
1.6%
EPS TTM
0.70
EPS 5Y CAGR
-39.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$281.12M
Free CF TTM
$114.18M
FCF margin
2.7%
Dividend
Shareholder payout
Yield
0.4%
Payout ratio
68.6%
Last ex-div date
2026-08-07