| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 48 | 195.4x | 17.8x | Around median | |
Growth | 22 | 3.7% | 7.1% | Bottom tier | |
Quality | 63 | 1.4% | 4.5% | Around median | |
Safety | 75 | 1.4x | 2.6x | Top tier | |
Capital Return | 48 | 0.36% | 2.12% | Around median | |
Momentum | 82 | 86.3% | 2.9% | Top tier | |
Sentiment | 41 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
ArcBest Corp operates through an integrated logistics model that combines the Asset-Based business, built on the ABF Freight network for less-than-truckload freight transportation, with the Asset-Light business, which provides Managed Solutions, truckload transportation, and expedited services. The company generates revenue from shipment volumes, pricing, and fuel-related surcharges, while seeking to improve profitability through shipment selection, higher productivity, managing yield per shipment, and using the ArcBestView platform and digital tools to consolidate pricing, booking, shipment tracking, and reporting.
In quarter 2 of fiscal year 2026, revenue reached $1.2 billion, up 16% year over year, but net loss according to EDGAR data was $13.8 million and earnings per share were negative $0.62. The GAAP result was affected by non-cash impairment charges of $76.5 million related to the Panther trade name, U-Pack equipment, and other assets, in addition to $8.8 million related to office space in the Asset-Light segment; after excluding specified items, adjusted operating income was $74 million and adjusted earnings per share were $2.38, compared with $45 million and $1.36 in quarter 2 of fiscal year 2025.
Asset-Based accounted for the largest portion of the quarter 2 fiscal year 2026 mix, with revenue of $784 million, up 10% per day, and delivered a $21 million improvement in adjusted operating income, with the adjusted operating ratio reaching 90.8%. Asset-Light revenue was approximately $439 million, up 28% per day, and the segment generated adjusted operating income of $6 million, an annual improvement of $5 million; daily shipments also increased 15% and revenue per shipment rose 12%, driven by growth in Managed Solutions and tighter truckload market capacity.
Automated analysis for informational purposes only — not investment advice.
The average analyst target is $162.83, within a range of $145 to $180, with a Buy consensus; the average is below the 52-week range high of $176.69, while the highest target exceeds that high by a limited margin. No reported price-to-earnings ratio is available, which is consistent with profitability fluctuating between a net loss of $13.8 million in quarter 2 of fiscal year 2026 and net income of $16.3 million in the latest displayed twelve-month period. The valuation therefore rests on ArcBest's ability to convert adjusted operating improvement and $40 million in savings into more stable accounting earnings, while the wide target range remains evidence of differing analyst estimates regarding the durability of the recovery.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
ArcBest's revenue increased to $1.2 billion, up 16% year over year, and adjusted operating income reached $74 million compared with $45 million in quarter 2 of fiscal year 2025. Adjusted earnings per share improved to $2.38 from $1.36 due to pricing strength, higher weight per shipment, Managed Solutions growth, and productivity gains. In contrast, EDGAR data recorded a net loss of $13.8 million and negative earnings per share of $0.62 following large non-cash impairment charges.
Asset-Based generated revenue of $784 million in quarter 2 of fiscal year 2026, up 10% per day, and the adjusted operating ratio reached 90.8%. Asset-Light generated revenue of $439 million, up 28% per day, and adjusted operating income of $6 million. Asset-Based benefited from heavier shipments and pricing discipline, while Asset-Light benefited from Managed Solutions, tighter truckload capacity, and a 35% productivity increase in shipments per employee.
The plan targets annual savings at the full run rate of $40 million, of which approximately $2 million was realized in quarter 2 of fiscal year 2026. Management expects to realize approximately $6 million in quarter 3 of fiscal year 2026 and reach $10 million per quarter beginning in quarter 1 of fiscal year 2027. Approximately $30 million of the savings is related to Asset-Based, approximately $8 million to Asset-Light, and approximately $2 million to the U-Pack operation, with an annual non-GAAP impact of approximately $38 million.
ArcBest launched the ArcBestView platform in quarter 2 of fiscal year 2026 to combine pricing quotes, booking, shipment tracking, and reporting in a single interface. Management said customer engagement with the platform continues to grow and believes it can increase digital adoption and improve the customer experience and workforce productivity. This is linked to expanding the dynamic pricing pool and using AI in city route optimization and capacity sourcing, but the company did not provide a standalone revenue figure for the platform.
Management said on July 29, 2026, that it had not yet seen a broad-based shift in industrial demand, despite some PMI indicators remaining in expansion territory. Demand remained weak in housing, apparel, and consumer brands, while demand in recreational vehicles and some construction activity related to building AI capacity was described as more resilient. In Asset-Based, daily shipment count declined 3% in quarter 2 of fiscal year 2026, so tonnage growth came primarily from an 8% increase in weight per shipment.
Management expects ABF's adjusted operating ratio in quarter 3 of fiscal year 2026 to remain close to the quarter 2 level of 90.8%. This outlook includes lower fuel surcharges and wage increases, partially offset by restructuring savings and continued productivity gains. In Asset-Light, the company expects adjusted operating income of between $6 million and $8 million, supported by pricing discipline, Managed Solutions growth, and improved costs.
