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.