ArcBest Corp (ARCB)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,675,213	2,840,388	3,098,504	3,387,681	3,563,926	3,541,500	3,260,905	2,877,266	2,443,547	2,473,736	2,286,103	2,048,312	1,928,276	1,802,780	1,794,475	1,882,726	1,890,851	1,974,212	2,013,212	2,039,866
Revenue (ttm)	US$ in thousands	4,493,120	4,653,130	4,876,850	5,166,410	5,326,350	5,274,290	4,938,980	4,495,079	3,997,842	3,620,356	3,398,646	3,076,929	2,942,547	2,843,551	2,836,113	2,980,260	2,988,521	3,045,382	3,083,878	3,105,669
Gross profit margin		59.54%	61.04%	63.53%	65.57%	66.91%	67.15%	66.02%	64.01%	61.12%	68.33%	67.27%	66.57%	65.53%	63.40%	63.27%	63.17%	63.27%	64.83%	65.28%	65.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,675,213K ÷ $4,493,120K
= 59.54%

ArcBest Corp has maintained a consistent gross profit margin of 100% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100% indicates that the company's total revenue exceeds its cost of goods sold, resulting in a profit generated solely from the sale of goods before accounting for operating expenses. This high and stable gross profit margin suggests that ArcBest Corp effectively manages its production costs and maintains pricing strategies that are favorable for generating profits. Additionally, the consistent gross profit margin indicates that there have been no significant changes in the company's cost structure or pricing policies during the period analyzed.