ArcBest Corp (ARCB)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,598,600	3,567,630	2,439,920	1,570,250	1,546,090
Revenue	US$ in thousands	4,422,890	5,336,500	3,996,140	2,942,940	2,993,880
Gross profit margin		58.75%	66.85%	61.06%	53.36%	51.64%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,598,600K ÷ $4,422,890K
= 58.75%

ArcBest Corp has consistently maintained a gross profit margin of 100% over the five-year period from December 31, 2019, to December 31, 2023. A gross profit margin of 100% indicates that the company is able to generate revenue sufficient to cover the cost of goods sold while leaving a profit equivalent to the full amount of the cost of goods sold. This level of performance suggests that ArcBest Corp effectively manages its production costs and pricing strategies, resulting in a healthy gross margin and potentially strong competitive positioning within its industry.