ArcBest Corp (ARCB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 195,433 | 298,209 | 213,521 | 71,100 | 39,985 |
| Revenue | US$ in thousands | 4,422,890 | 5,336,500 | 3,996,140 | 2,942,940 | 2,993,880 |
| Net profit margin | 4.42% | 5.59% | 5.34% | 2.42% | 1.34% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $195,433K ÷ $4,422,890K
= 4.42%
The net profit margin of ArcBest Corp has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 4.41% from 5.60% in 2022, representing a decline in profitability. However, compared to 2021 where the net profit margin was 5.36%, the margin decreased further in 2023. Despite the recent decrease, the net profit margin in 2023 is still higher than the levels seen in 2020 and 2019, which were 2.42% and 1.34% respectively.
These fluctuations in net profit margin indicate varying levels of profitability for ArcBest Corp over the years. It is important for stakeholders to closely monitor these changes to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023