ArcBest Corp (ARCB)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 240,184 393,155 277,154 92,496 51,471
Revenue US$ in thousands 4,422,890 5,336,500 3,996,140 2,942,940 2,993,880
Pretax margin 5.43% 7.37% 6.94% 3.14% 1.72%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $240,184K ÷ $4,422,890K
= 5.43%

The pretax margin of ArcBest Corp has fluctuated over the past five years, displaying a range of values from 1.72% in 2019 to 7.38% in 2022. The pretax margin for the most recent year, ending on December 31, 2023, stands at 4.22%. This indicates that the company earns $0.0422 in pretax profit for every dollar in revenue generated. The declining trend from 2022 to 2023 suggests a decrease in profitability before taxes. Further analysis would be needed to understand the factors contributing to this change and to assess the company's overall financial health.