ArcBest Corp (ARCB)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,383,542	2,470,950	2,505,037	2,534,206	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
Revenue (ttm)	US$ in thousands	4,182,550	4,265,140	4,329,760	4,354,670	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
Gross profit margin		56.99%	57.93%	57.86%	58.20%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,383,542K ÷ $4,182,550K
= 56.99%

The gross profit margin of ArcBest Corp has shown some fluctuations over the periods analyzed. From March 31, 2020, to December 31, 2021, the trend was generally upwards, with the margin increasing from 63.17% to 61.12%. This indicates that the company was able to generate more profit relative to its sales during this time frame.

However, starting from March 31, 2022, there was a notable increase in the gross profit margin, reaching its peak at 68.33% on September 30, 2021. This suggests that ArcBest Corp was effectively managing its cost of goods sold and increasing its efficiency in generating profits from its core business activities.

Subsequently, the gross profit margin experienced a slight decline from December 31, 2021, to March 31, 2024, dropping to 58.20%. This could indicate increased competition, rising costs, or other operational challenges that impacted the company's profitability during this period.

Overall, the gross profit margin trended downwards from September 30, 2021, to December 31, 2024, showing a decrease from 67.15% to 56.99%. This decline may warrant further investigation into the company's cost structure, pricing strategies, and overall operational efficiency to identify areas for improvement and ensure sustainable profitability in the future.