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ArcBest ARCB Asset Based — Equipment Financed Under Notes Payable

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CRMAccounts payable and equipment project payables (Note 12)
$6.58B+13.4%

Other financials

Income statement

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Revenue$1.2B+15.9%
Operating income-$20.6M-155%
Net income-$13.8M-154%
EPS (diluted)-$0.62-155%

Balance sheet

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Cash & equivalents$145.9M+27.0%
Total debt$423.5M-13.8%
Total equity$1.3B-2.5%
Total assets$2.5B-0.6%

Cash flow

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Operating cash flow$129.7M+18.5%
CapEx$12.6M-54.1%
Free cash flow$117.1M+42.8%

Valuation

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Market cap$3.02B+79.5%
Enterprise value$3.3B+60.2%
P/E60.2×+11.4×
P/S0.7×+0.3×

Profitability

See full
Operating margin0.9%-4.5pp
Net margin2.4%-2.1pp
FCF margin4.4%+2.7pp

Returns & leverage

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Return on equity7.4%-7.9pp
Debt / equity0.3×0.0×
Current ratio0.0×

Where this comes from

Reported directly by ArcBest in its filing.

Tagged under the XBRL concept arcb:EquipmentFinancedUnderNotesPayable.

The source filing: ArcBest’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:29 PM EST
Fiscal year
FY2025
Accession
0001104659-26-019699

(1) Includes assets acquired through notes payable of $117.9 million, $80.7 million, and $33.5 million in 2025, 2024, and 2023, respectively.

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is ArcBest's asset based — equipment financed under notes payable?
ArcBest (ARCB) reported asset based — equipment financed under notes payable of $29.48M in Q4 2025.
How has ArcBest's asset based — equipment financed under notes payable changed year-over-year?
ArcBest's asset based — equipment financed under notes payable increased by 46.1% year-over-year, from $20.18M to $29.48M.
What is the long-term trend for ArcBest's asset based — equipment financed under notes payable?
Over 4 years (2021 to 2025), ArcBest's asset based — equipment financed under notes payable has grown at a 18.5% compound annual growth rate (CAGR), from $59.7M to $117.9M.
What does asset based — equipment financed under notes payable mean?
Quantifies the portion of equipment acquisitions funded through debt instruments rather than cash. This metric provides insight into the company's leverage strategy and reliance on external financing for fleet or facility expansion.

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