ArcBest Corp (ARCB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,378,420 | 2,598,600 | 3,567,630 | 2,439,920 | 1,570,250 |
| Revenue | US$ in thousands | 4,183,830 | 4,422,890 | 5,336,500 | 3,996,140 | 2,942,940 |
| Gross profit margin | 56.85% | 58.75% | 66.85% | 61.06% | 53.36% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,378,420K ÷ $4,183,830K
= 56.85%
The gross profit margin of ArcBest Corp has shown a positive trend over the past five years. It increased from 53.36% as of December 31, 2020, to 61.06% by December 31, 2021, and further improved to 66.85% by December 31, 2022. However, there was a slight decline in the gross profit margin to 58.75% by December 31, 2023, followed by a modest decrease to 56.85% as of December 31, 2024.
Overall, the company has managed to maintain a healthy gross profit margin, indicating efficient cost management and potentially strong pricing power in its industry. The fluctuations in the margin in the latter years may warrant further investigation to understand the underlying factors influencing the changes.
Peer comparison
Dec 31, 2024