ArcBest Corporation (ARCB) 10-Year Financial Performance & Capital Metrics

ARCB • • Industrial / General

IndustrialsTruckingLess-Than-Truckload (LTL) CarriersNational LTL Networks

AboutArcBest 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, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to 'do-it-yourself' consumer, as well as provides final mile, time critical, product launch, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.Show more

Revenue $4.18B -5.6%
EBITDA $394M +23.6%
Net Income $174M -11.0%
EPS (Diluted) 7.30 -7.9%
Gross Margin 8.38% -2.0%
EBITDA Margin 9.42% +31.0%
Operating Margin 5.85% +50.0%
Net Margin 4.16% -5.7%
ROE 13.61% -16.7%
ROIC 12.15% +33.7%
Debt/Equity 0.31 -10.7%
Interest Coverage 27.22 +43.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 34.2%
✓Momentum leader: RS Rating 80 (top 20%)
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 19.5%
✓Share count reduced 3.3% through buybacks
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.81%

5Y6.94%

3Y3.53%

TTM-5.34%

Profit (Net Income) CAGR

10Y14.18%

5Y34.19%

3Y-6.6%

TTM-49.8%

EPS CAGR

10Y15.76%

5Y37.05%

3Y-2.93%

TTM-48.15%

ROCE

10Y Avg11.3%

5Y Avg15.47%

3Y Avg16.26%

Latest13.78%

Peer Comparison

National LTL Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODFLOld Dominion Freight Line, Inc.	37.26B	178.21	32.52	-0.88%	18.97%	24.8%	2.38%	0.04
SAIASaia, Inc.	9.56B	358.75	26.53	11.37%	8.77%	11.23%		0.14
ARCBArcBest Corporation	2.06B	91.49	12.53	-5.61%	2.41%	7.35%	2.23%	0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.67B	2.7B	2.83B	3.09B	2.99B	2.94B	3.77B	5.03B	4.43B	4.18B
Revenue Growth %	0.02%	0.01%	0.05%	0.09%	-0.03%	-0.02%	0.28%	0.34%	-0.12%	-0.06%
Cost of Goods Sold+	2.47B	2.54B	2.64B	2.82B	2.77B	2.71B	3.36B	4.46B	4.05B	3.83B
COGS % of Revenue	0.93%	0.94%	0.93%	0.91%	0.93%	0.92%	0.89%	0.89%	0.91%	0.92%
Gross Profit+	194.08M	162.77M	188.46M	272.67M	216.43M	228.13M	406.33M	573.52M	378.43M	350M
Gross Margin %	0.07%	0.06%	0.07%	0.09%	0.07%	0.08%	0.11%	0.11%	0.09%	0.08%
Gross Profit Growth %	0.04%	-0.16%	0.16%	0.45%	-0.21%	0.05%	0.78%	0.41%	-0.34%	-0.08%
Operating Expenses+	118.59M	128.7M	127.11M	163.57M	152.66M	129.85M	129.35M	179M	205.81M	105.57M
OpEx % of Revenue	0.04%	0.05%	0.04%	0.05%	0.05%	0.04%	0.03%	0.04%	0.05%	0.03%
Selling, General & Admin	0	0	33.73M	36.7M	357.86M	359.73M	452.24M	74.59M	73.74M	0
SG&A % of Revenue	-	-	0.01%	0.01%	0.12%	0.12%	0.12%	0.01%	0.02%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	118.59M	128.7M	93.38M	126.88M	-205.2M	-229.88M	-322.89M	104.41M	132.08M	105.57M
Operating Income+	75.5M	34.06M	61.35M	109.1M	63.77M	98.28M	276.98M	394.53M	172.62M	244.43M
Operating Margin %	0.03%	0.01%	0.02%	0.04%	0.02%	0.03%	0.07%	0.08%	0.04%	0.06%
Operating Income Growth %	0.09%	-0.55%	0.8%	0.78%	-0.42%	0.54%	1.82%	0.42%	-0.56%	0.42%
EBITDA+	168.54M	137.12M	164.42M	217.73M	176.24M	216.67M	401.2M	534.57M	318.35M	393.52M
EBITDA Margin %	0.06%	0.05%	0.06%	0.07%	0.06%	0.07%	0.11%	0.11%	0.07%	0.09%
EBITDA Growth %	0.08%	-0.19%	0.2%	0.32%	-0.19%	0.23%	0.85%	0.33%	-0.4%	0.24%
D&A (Non-Cash Add-back)	93.04M	103.05M	103.07M	108.64M	112.47M	118.39M	124.22M	140.04M	145.73M	149.09M
EBIT	77.13M	33.44M	57.92M	93.85M	62.94M	104.19M	282M	396.03M	196.01M	227.69M
Net Interest Income+	-3.12M	-3.63M	-5.05M	-5.55M	-5.01M	-8.08M	-7.69M	-3.85M	5.63M	2.64M
Interest Income	1.28M	1.52M	1.29M	3.91M	6.45M	3.62M	1.23M	3.87M	14.73M	11.62M
Interest Expense	4.4M	5.15M	6.34M	9.47M	11.47M	11.7M	8.91M	7.73M	9.09M	8.98M
Other Income/Expense	-2.76M	-5.78M	-9.77M	-24.71M	-12.3M	-5.78M	-3.89M	-6.22M	14.3M	-25.72M
Pretax Income+	72.73M	28.29M	51.58M	84.39M	51.47M	92.5M	273.09M	388.3M	186.91M	218.71M
Pretax Margin %	0.03%	0.01%	0.02%	0.03%	0.02%	0.03%	0.07%	0.08%	0.04%	0.05%
Income Tax+	27.88M	9.63M	-8.15M	17.12M	11.49M	21.4M	62.63M	93.66M	44.75M	45.35M
Effective Tax Rate %	0.62%	0.66%	1.16%	0.8%	0.78%	0.77%	0.78%	0.77%	1.05%	0.8%
Net Income+	44.85M	18.65M	59.73M	67.26M	39.98M	71.1M	213.52M	298.21M	195.43M	173.96M
Net Margin %	0.02%	0.01%	0.02%	0.02%	0.01%	0.02%	0.06%	0.06%	0.04%	0.04%
Net Income Growth %	-0.03%	-0.58%	2.2%	0.13%	-0.41%	0.78%	2%	0.4%	-0.34%	-0.11%
Net Income (Continuing)	44.85M	18.65M	59.73M	67.26M	39.98M	71.1M	210.46M	294.65M	142.16M	173.36M
Discontinued Operations	0	0	0	0	0	0	3.06M	3.56M	53.27M	600K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.67	0.71	2.25	2.52	1.51	2.69	7.98	11.69	7.93	7.30
EPS Growth %	-0.01%	-0.57%	2.17%	0.12%	-0.4%	0.78%	1.97%	0.46%	-0.32%	-0.08%
EPS (Basic)	1.71	0.72	2.32	2.62	1.57	2.80	8.38	12.13	8.14	7.39
Diluted Shares Outstanding	26.53M	26.26M	26.42M	26.7M	26.45M	26.42M	26.77M	25.5M	24.63M	23.82M
Basic Shares Outstanding	26.01M	25.75M	25.68M	25.68M	25.54M	25.41M	25.47M	24.59M	24.02M	23.55M
Dividend Payout Ratio	0.15%	0.45%	0.14%	0.12%	0.2%	0.11%	0.04%	0.04%	0.06%	0.06%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	552.08M	491.1M	522.35M	649.23M	664.4M	758.17M	776.05M	989.78M	884.78M	675.64M
Cash & Short-Term Investments	226.57M	171.12M	177.17M	296.99M	318.49M	369.36M	124.96M	325.93M	330.07M	157.2M
Cash Only	164.97M	114.28M	120.77M	190.19M	201.91M	303.95M	76.62M	158.26M	262.23M	127.44M
Short-Term Investments	61.6M	56.84M	56.4M	106.81M	116.58M	65.41M	48.34M	167.66M	67.84M	29.76M
Accounts Receivable	260.95M	292.59M	310.86M	317.92M	310.79M	346.61M	605.09M	547.75M	506.56M	459.53M
Days Sales Outstanding	35.71	39.55	40.14	37.51	37.96	43.03	58.64	39.76	41.76	40.14
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	43.76M	5.26M	12.13M	9.01M	4.75M	4.42M	5.9M	76.62M	11.12M	11.04M
Total Non-Current Assets+	710.83M	790.98M	843.29M	890M	986.8M	1.02B	1.34B	1.5B	1.6B	1.75B
Property, Plant & Equipment	483.05M	532.53M	591.16M	631.19M	752.06M	793.88M	802.61M	966.68M	1.08B	1.26B
Fixed Asset Turnover	5.52x	5.07x	4.78x	4.90x	3.97x	3.70x	4.69x	5.20x	4.08x	3.32x
Goodwill	96.47M	108.88M	108.32M	108.32M	88.32M	88.32M	300.34M	304.75M	304.75M	304.75M
Intangible Assets	76.79M	80.51M	73.47M	68.95M	58.83M	54.98M	126.58M	113.73M	101.15M	88.61M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	54.53M	66.09M	64.37M	74.08M	79.87M	77.5M	101.63M	112.99M	101.44M	92.39M
Total Assets+	1.26B	1.28B	1.37B	1.54B	1.65B	1.78B	2.11B	2.49B	2.49B	2.43B
Asset Turnover	2.11x	2.11x	2.07x	2.01x	1.81x	1.65x	1.78x	2.02x	1.78x	1.72x
Asset Growth %	0.12%	0.02%	0.07%	0.13%	0.07%	0.08%	0.19%	0.18%	-0%	-0.02%
Total Current Liabilities+	364.6M	396.18M	402.59M	451.32M	444.28M	506.55M	702.69M	768.47M	701.56M	665.99M
Accounts Payable	130.87M	133.3M	129.1M	143.78M	134.37M	170.9M	311.4M	269.85M	214M	172.76M
Days Payables Outstanding	19.32	19.17	17.86	18.6	17.69	23	33.83	22.11	19.29	16.47
Short-Term Debt	44.91M	64.14M	61.93M	54.08M	57.3M	67.11M	50.62M	66.25M	66.95M	63.98M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	123.68M	132.32M	136.44M	183.12M	159.87M	171.59M	227.29M	304.62M	277.8M	293.06M
Current Ratio	1.51x	1.24x	1.30x	1.44x	1.50x	1.50x	1.10x	1.29x	1.26x	1.01x
Quick Ratio	1.51x	1.24x	1.30x	1.44x	1.50x	1.50x	1.10x	1.29x	1.26x	1.01x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	309.58M	286.85M	311.59M	370.23M	443.89M	443.87M	480.92M	574.41M	541.17M	449.38M
Long-Term Debt	167.6M	179.53M	206.99M	237.6M	266.21M	217.12M	174.92M	198.37M	161.99M	125.16M
Capital Lease Obligations	0	0	0	0	52.28M	97.84M	88.83M	147.83M	176.62M	189.98M
Deferred Tax Liabilities	78.06M	54.68M	49.16M	56.44M	66.21M	72.41M	64.89M	60.49M	55.78M	78.65M
Other Non-Current Liabilities	63.93M	52.64M	55.44M	76.19M	59.19M	56.5M	152.27M	167.72M	146.77M	55.6M
Total Liabilities	674.18M	683.02M	714.18M	821.55M	888.16M	950.41M	1.18B	1.34B	1.24B	1.12B
Total Debt+	212.51M	243.67M	268.92M	291.68M	396.06M	403.55M	337.11M	438.68M	437.73M	413.48M
Net Debt	47.54M	129.39M	148.15M	101.49M	194.15M	99.59M	260.49M	280.41M	175.5M	286.03M
Debt / Equity	0.36x	0.41x	0.41x	0.41x	0.52x	0.49x	0.36x	0.38x	0.35x	0.31x
Debt / EBITDA	1.26x	1.78x	1.64x	1.34x	2.25x	1.86x	0.84x	0.82x	1.38x	1.05x
Net Debt / EBITDA	0.28x	0.94x	0.90x	0.47x	1.10x	0.46x	0.65x	0.52x	0.55x	0.73x
Interest Coverage	17.16x	6.61x	9.67x	11.52x	5.56x	8.40x	31.07x	51.06x	18.98x	27.22x
Total Equity+	588.73M	599.05M	651.46M	717.68M	763.04M	828.59M	929.07M	1.15B	1.24B	1.31B
Equity Growth %	0.05%	0.02%	0.09%	0.1%	0.06%	0.09%	0.12%	0.24%	0.08%	0.06%
Book Value per Share	22.19	22.82	24.65	26.88	28.85	31.36	34.70	45.14	50.43	55.18
Total Shareholders' Equity	588.73M	599.05M	651.46M	717.68M	763.04M	828.59M	929.07M	1.15B	1.24B	1.31B
Common Stock	279K	282K	285K	287K	288K	290K	294K	298K	300K	304K
Retained Earnings	376.83M	386.92M	438.38M	501.39M	533.19M	595.93M	801.31M	1.09B	1.27B	1.44B
Treasury Stock	-70.53M	-80.05M	-86.06M	-95.47M	-104.58M	-111.17M	-194.27M	-284.27M	-375.81M	-451.04M
Accumulated OCI	-27.5M	-23.42M	-20.57M	-14.24M	203K	1.19M	3.7M	7.1M	4.32M	272K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	146.02M	110.26M	151.91M	255.35M	170.36M	205.99M	323.51M	470.82M	322.17M	285.85M
Operating CF Margin %	0.05%	0.04%	0.05%	0.08%	0.06%	0.07%	0.09%	0.09%	0.07%	0.07%
Operating CF Growth %	0.02%	-0.24%	0.38%	0.68%	-0.33%	0.21%	0.57%	0.46%	-0.32%	-0.11%
Net Income	44.85M	18.65M	59.73M	67.26M	39.98M	71.1M	213.52M	298.21M	195.43M	173.36M
Depreciation & Amortization	93.04M	103.05M	103.07M	108.64M	112.47M	118.39M	124.22M	140.04M	145.73M	149.09M
Stock-Based Compensation	8.03M	7.59M	6.96M	8.41M	9.52M	10.48M	11.43M	12.78M	11.44M	11.36M
Deferred Taxes	16.43M	9.52M	-10.21M	1.87M	5.41M	7.71M	-7.59M	-6.25M	-5.57M	22.44M
Other Non-Cash Items	1.98M	7.78M	8.01M	13.26M	31M	-229K	-13.98M	-5.1M	-54.45M	-57.36M
Working Capital Changes	-18.32M	-36.34M	-15.63M	55.91M	-28.02M	-1.47M	-4.09M	31.14M	29.58M	-13.04M
Change in Receivables	998K	1.64M	4.08M	2.34M	1.22M	4.33M	-122.78M	6.96M	41.19M	45.5M
Change in Inventory	4.7M	-32.96M	-27.96M	-33.22M	-1.22M	-4.33M	0	0	0	0
Change in Payables	-15.09M	-11.26M	10.39M	52.02M	-27.04M	40.67M	106.06M	46.93M	-10.26M	-21.04M
Cash from Investing+	-125.64M	-87.17M	-68.47M	-94.95M	-98.24M	7.46M	-303.2M	-261.08M	-21.7M	-187.28M
Capital Expenditures	-86.94M	-78.74M	-75.62M	-54.09M	-102.43M	-57.49M	-78.47M	-165.5M	-219.02M	-223.1M
CapEx % of Revenue	0.03%	0.03%	0.03%	0.02%	0.03%	0.02%	0.02%	0.03%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	6.64M	8.8M	4.28M	4.26M	2.01M	-893K	13.81M	19.69M	95.73M	-1.52M
Cash from Financing+	-12.45M	-73.78M	-77.92M	-90.98M	-60.4M	-111.41M	-247.65M	-127.98M	-196.61M	-233.35M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.84M	-8.32M	-8.26M	-8.24M	-8.19M	-8.16M	-8.14M	-10.83M	-11.54M	-11.29M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.85M	-3.75M	-4.71M	-2.08M	-4.01M	4.45M	-37.7M	-8.82M	-10.26M	-26.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	59.08M	31.52M	76.29M	201.26M	67.93M	148.5M	245.04M	305.31M	90.17M	45.85M
FCF Margin %	0.02%	0.01%	0.03%	0.07%	0.02%	0.05%	0.07%	0.06%	0.02%	0.01%
FCF Growth %	-0.41%	-0.47%	1.42%	1.64%	-0.66%	1.19%	0.65%	0.25%	-0.7%	-0.49%
FCF per Share	2.23	1.20	2.89	7.54	2.57	5.62	9.15	11.97	3.66	1.92
FCF Conversion (FCF/Net Income)	3.26x	5.91x	2.54x	3.80x	4.26x	2.90x	1.52x	1.58x	1.65x	1.64x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.8%	3.14%	9.55%	9.83%	5.4%	8.93%	24.3%	28.67%	16.33%	13.61%
Return on Invested Capital (ROIC)	9.7%	3.74%	6.02%	10.11%	5.38%	7.82%	19.62%	22.58%	9.09%	12.15%
Gross Margin	7.28%	6.03%	6.67%	8.81%	7.24%	7.76%	10.79%	11.4%	8.55%	8.38%
Net Margin	1.68%	0.69%	2.11%	2.17%	1.34%	2.42%	5.67%	5.93%	4.41%	4.16%
Debt / Equity	0.36x	0.41x	0.41x	0.41x	0.52x	0.49x	0.36x	0.38x	0.35x	0.31x
Interest Coverage	17.16x	6.61x	9.67x	11.52x	5.56x	8.40x	31.07x	51.06x	18.98x	27.22x
FCF Conversion	3.26x	5.91x	2.54x	3.80x	4.26x	2.90x	1.52x	1.58x	1.65x	1.64x
Revenue Growth	2.07%	1.25%	4.68%	9.46%	-3.41%	-1.61%	28.09%	33.53%	-11.96%	-5.61%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asset Based	-	1.92B	1.99B	2.18B	2.14B	2B	-	-	2.87B	2.75B
Asset Based Growth	-	-	4.01%	9.14%	-1.42%	-6.81%	-	-	-	-4.21%
Corporate and Other	-	-	-	-	-	-	3.98M	4.33M	4.24M	-
Corporate and Other Growth	-	-	-	-	-	-	-	8.90%	-2.08%	-
Asset Based	-	-	-	-	-	-	2.47B	2.9B	-	-
Asset Based Growth	-	-	-	-	-	-	-	17.23%	-	-
ArcBest	-	-	-	-	-	-	1.29B	2.13B	-	-
ArcBest Growth	-	-	-	-	-	-	-	64.78%	-	-
FleetNet	-	-	-	-	-	-	213.88M	295.04M	-	-
FleetNet Growth	-	-	-	-	-	-	-	37.95%	-	-
Arcbest	-	640.73M	706.7M	781.12M	738.39M	770.56M	-	-	-	-
Arcbest Growth	-	-	10.30%	10.53%	-5.47%	4.36%	-	-	-	-
Fleetnet	-	162.63M	156.34M	195.13M	211.74M	166.65M	-	-	-	-
Fleetnet Growth	-	-	-3.87%	24.81%	8.51%	-21.29%	-	-	-	-
Corporate And Other	-	-	-	-	-	4.4M	-	-	-	-
Corporate And Other Growth	-	-	-	-	-	-	-	-	-	-
Freight Transportation	1.92B	-	-	-	-	-	-	-	-	-
Freight Transportation Growth	-	-	-	-	-	-	-	-	-	-
Premium Logistics	300.37M	-	-	-	-	-	-	-	-	-
Premium Logistics Growth	-	-	-	-	-	-	-	-	-	-
Transportation Management	203.53M	-	-	-	-	-	-	-	-	-
Transportation Management Growth	-	-	-	-	-	-	-	-	-	-
Emergency And Preventative Maintenance	174.95M	-	-	-	-	-	-	-	-	-
Emergency And Preventative Maintenance Growth	-	-	-	-	-	-	-	-	-	-
Household Goods Moving Services	119.25M	-	-	-	-	-	-	-	-	-
Household Goods Moving Services Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

ArcBest Corporation (ARCB) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ArcBest Corporation (ARCB) reported $4.04B in revenue for fiscal year 2024. This represents a 112% increase from $1.91B in 2011.

ArcBest Corporation (ARCB) saw revenue decline by 5.6% over the past year.

Yes, ArcBest Corporation (ARCB) is profitable, generating $97.2M in net income for fiscal year 2024 (4.2% net margin).

Dividend & Returns

Yes, ArcBest Corporation (ARCB) pays a dividend with a yield of 0.52%. This makes it attractive for income-focused investors.

ArcBest Corporation (ARCB) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

ArcBest Corporation (ARCB) generated $85.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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