Wall Street Forecasts $0.45 EPS on $967.4M Q4 Revenue for ArcBest
Wall Street expects ArcBest to report Q4 EPS of $0.45 and revenue of $967.4 million, forecasting a quarterly decline from last year. The company’s P/E ratio stands at 20.29 and its debt-to-equity ratio is 0.35, indicating moderate leverage ahead of the January 30 earnings release.
1. Fourth Quarter 2025 Financial Results
ArcBest reported fourth quarter revenue of $972.7 million, down from $1.0 billion a year earlier, and recorded a net loss from continuing operations of $8.1 million, or $0.36 per diluted share, versus net income of $29.0 million, or $1.24 per diluted share, in the same period of 2024. The quarter included a $9.1 million after-tax noncash impairment charge. On a non-GAAP basis, ArcBest generated net income of $8.2 million, or $0.36 per diluted share, compared with $31.2 million, or $1.33 per diluted share, in the prior year.
2. Segment Performance Highlights
In the Asset-Based segment, revenue of $648.8 million declined slightly from $656.2 million, while shipments per day rose 2.4 percent and tonnage per day increased 2.6 percent. Operating income fell to $24.4 million, with an operating ratio of 96.2 percent, versus $52.3 million and 92.0 percent a year ago. In Asset-Light, revenue decreased to $353.5 million from $375.4 million, shipments per day inched up 0.8 percent, and purchased transportation expense represented 86.4 percent of revenue. The division posted a $9.9 million operating loss, which on a non-GAAP basis improved to breakeven from a $5.9 million loss.
3. Full Year 2025 Results and Comparisons
For the full year, ArcBest generated $4.0 billion in revenue, down from $4.2 billion in 2024, and delivered net income of $60.1 million, or $2.62 per diluted share, versus $173.4 million, or $7.28 per diluted share, last year. Non-GAAP net income totaled $84.8 million, or $3.70 per diluted share, compared with $149.7 million, or $6.28 per diluted share, in 2024. Full-year Asset-Based operating income was $172.0 million with a 93.7 percent operating ratio, and Asset-Light achieved a non-GAAP operating profit of $1.5 million.
4. Capital Allocation and Outlook
In 2025, ArcBest invested $198 million in capital expenditures, including $133 million in revenue equipment, and returned over $86 million to shareholders through repurchases and dividends. As of January 28, 2026, $100.8 million remained under the repurchase authorization. Management highlighted record productivity gains in Asset-Light and affirmed confidence in its integrated, technology-driven strategy, with a conference call scheduled for January 30 to discuss results and guidance for 2026.