ArcBest Corp (ARCB)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	173,961	193,716	128,319	121,838	195,433	183,980	237,905	299,923	298,209	326,360	301,209	259,729	213,521	171,947	137,660	92,559	71,100	41,637	28,503	36,999
Total stockholders’ equity	US$ in thousands	1,314,360	1,307,100	1,231,540	1,222,730	1,242,360	1,220,730	1,211,360	1,205,860	1,151,400	1,126,290	1,063,210	983,172	929,067	961,043	898,134	851,909	828,593	802,639	775,091	759,206
ROE		13.24%	14.82%	10.42%	9.96%	15.73%	15.07%	19.64%	24.87%	25.90%	28.98%	28.33%	26.42%	22.98%	17.89%	15.33%	10.86%	8.58%	5.19%	3.68%	4.87%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $173,961K ÷ $1,314,360K
= 13.24%

ArcBest Corp's return on equity (ROE) has shown fluctuation over the past few years. The ROE increased from 4.87% in March 2020 to a peak of 28.98% in September 2022. This strong improvement in ROE indicates that the company was effectively generating profits from the equity invested by shareholders during this period.

However, from September 2022 onwards, there was a decline in ROE. By December 2024, the ROE had dropped to 13.24%, indicating a reduction in the company's ability to generate profits from shareholder equity compared to the peak levels seen in the previous years.

Overall, ArcBest Corp's ROE has shown volatility but generally exhibited an upward trend from 2020 to 2022 before experiencing a decline in later periods. It would be essential for stakeholders to further analyze the company's financial performance and operational efficiency to understand the factors driving these fluctuations in ROE.