# ArcBest Corporation (ARCB)

> Source: Nexqual · https://nexqual.com/ARCB · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ArcBest Corporation (ARCB), nexqual.com/ARCB" · informational, not investment advice.

**Price:** USD 130.3 (-0.39% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 130.81 · day 129.74–133.81 · 52w 59.43–176.69 · market cap $2.91B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.20B, net income $16.3M (0.4% margin), free cash flow $187M (SEC filings).
- Valuation: P/E 178.7x (avg 18.8x at the last 3 fiscal year-ends), EV/EBITDA 14.3x, net debt $47.1M.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $3.2M; 7 not under a Rule 10b5-1 plan ($3.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.29 on a 1–5 scale) (14 analysts), mean target USD 166.85 (range 150–185).
- Total return with dividends: 1Y +78.9% vs S&P 500 +14.9%; 5Y +51.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 2.51, revenue estimate $1.20B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.77B | $5.03B | $4.43B | $4.18B | $4.01B | $4.20B |
| Operating income | $277M | $395M | $173M | $244M | $90.3M | $29.2M |
| Net income | $214M | $298M | $195M | $174M | $60.1M | $16.3M |
| EPS (diluted) | $7.98 | $11.69 | $7.93 | $7.30 | $2.62 | — |
| Free cash flow | $265M | $323M | $103M | $62.7M | $114M | $187M |
| Operating margin | 7.4% | 7.8% | 3.9% | 5.8% | 2.3% | 0.7% |
| Net margin | 5.7% | 5.9% | 4.4% | 4.2% | 1.5% | 0.4% |
| Revenue growth | +28.1% | +33.5% | -12.0% | -5.6% | -4.0% | — |
| Cash + short-term investments | $125M | $326M | $330M | $157M | $124M | — |
| Total debt | $226M | $265M | $229M | $189M | $224M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 178.7x · P/S 0.7x · EV/EBITDA 14.3x · EV/Sales 0.7x · P/FCF 15.6x · P/B 2.3x · FCF yield 6.42% · Earnings yield 0.56% · Dividend yield (paid, TTM) 0.37% · Buyback yield (TTM) 1.44% · Net debt $47.1M · EV $2.96B
P/E at fiscal year-ends: Dec 2025 28.3x, Dec 2024 12.8x, Dec 2023 15.2x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Parks Jason T | VP - Controller(1) | 855 | $116K | 18.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-11 | Anderson Dennis L Ii | Chief Innovation Officer | 5,450 | $737K | 30% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-07 | McReynolds Judy R | Director | 2,857 | $397K | 5.3% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-06 | Stipp Janice E | Director | 5,000 | $694K | 21.7% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-06 | McReynolds Judy R | Director | 1,443 | $201K | 2.6% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-04 | McReynolds Judy R | Director | 1,500 | $217K | 2.3% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-04 | Gattis Erin K | CHIEF HUMAN RESOURCES OFFICER | 6,163 | $863K | 20.2% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.29 on a 1–5 scale), 14 analysts; mean target USD 166.85 (low 150, high 185).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Stifel | Target lowered | Buy | $185 → $168 |
| 2026-10-07 | Citigroup | Target lowered | Buy | $173 → $170 |
| 2026-10-07 | Truist Securities | Target lowered | Buy | $165 → $160 |
| 2026-08-04 | Citigroup | Target lowered | Buy | $178 → $171 |
| 2026-08-03 | UBS | Target raised | Neutral | $145 → $154 |
| 2026-07-30 | TD Cowen | Target lowered | Hold | $175 → $155 |
| 2026-07-21 | Stifel | Target raised | Buy | $134 → $176 |
| 2026-07-15 | Truist Securities | Target raised | Buy | $145 → $165 |
| 2026-07-15 | Citizens | Initiated | Market Outperform | $180 |
| 2026-07-09 | Citigroup | Target lowered | Buy | $202 → $178 |
| 2026-07-07 | UBS | Target raised | Neutral | $122 → $145 |
| 2026-07-06 | Morgan Stanley | Target raised | Overweight | $150 → $180 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +78.9% | +51.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +79.2% | +8.6% |
| Volatility (annualized) | 46.2% | 46.4% |
| Max drawdown | -27.7% (Jun 2026→Sep 2026) | -60.8% (Apr 2024→Apr 2025) |

## Peers (Trucking)
RXO (RXO, Inc.) USD 28.92 +0.49% · WERN (Werner Enterprises, Inc.) USD 29.18 -2.34% · SNDR (Schneider National, Inc.) USD 31.12 +0.65% · MRTN (Marten Transport, Ltd.) USD 12.3 -2.84% · SAIA (Saia, Inc.) USD 344.5 +1.67% · TFII (TFI International Inc.) USD 115 +2.10%

## More
Full page: https://nexqual.com/ARCB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ARCB's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/894405/000110465926019699/arcb-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | MoLo Solutions | "Our truckload service, including MoLo, provides third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, int…" |
| Competitor | FedEx (FDX) | "The segment competes most directly with nonunion and union LTL carriers, including FedEx Freight Corporation, the LTL reporting segment of FedEx Corporation; the LTL segment of Knight-Swift Transportation Holdings Inc.;" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Asset Based | $783.7M | 66.2% | +9.9% | $74.3M | 9.5% |
| Asset Light | $438.7M | 37.0% | +28.3% | -$31.3M | -7.1% |
| Corporate & Other | $1.7M | 0.1% | +38.4% | — | — |
| Total revenue | $1.18B | 100% | — | -$20.6M | -1.7% |
The lines above cover 103.3% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.51 | $2.25 | +11.6% | $1.20B | 13 |
| Next quarter (ends 2026-12-31) | $1.82 | $1.67 | +8.9% | $1.12B | 13 |
| Current fiscal year (ends 2026-12-31) | $7.04 | $6.44 | +9.3% | $4.51B | 13 |
| Next fiscal year (ends 2027-12-31) | $9.56 | $9.19 | +4.1% | $4.87B | 13 |