ARCBARCBEST CORP /TX/

Trucking (no Local)

Revenue: $4.0B; 4.0% YoY
Operating margin: 2.3%; 61% YoY
EBITDA: $261M; 34% YoY
Market cap: $2.8B
Employees: 14,000; $286K revenue each
Net debt / EBITDA: 0.2×; $40M net debt
AI in 10-K: 3.2; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
381% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
38% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
12% of assets
Over 40% of assets
Shareholder dissentNo
98% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
$286K per employee
Bottom quartile of its SIC industry
Quiet on AINo
3.2 per 10K words · 72nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.2× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$2.8B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$3M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$3.8B	$5.0B	$4.4B	$4.2B	$4.0B	4.0%
Operating income	$277M	$395M	$173M	$244M	$90M	63%
Net income	$214M	$298M	$195M	$174M	$60M	65%
Operating cash flow	$324M	$471M	$322M	$286M	$229M	20%
Capex	$58M	$148M	$219M	$223M	$115M	49%
Stock-based comp	$11M	$13M	$11M	$11M	$11M	6.9%
Buybacks	$83M	$65M	$92M	$75M	$76M	0.4%
Dividends	$8M	$11M	$12M	$11M	$11M	2.9%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $3M · 9
Net: −$3M

Pay vs performance

No pay-versus-performance disclosure yet.