F

ArcBest Corporation — Earnings Quality Grade F

ARCB · Industrials

Major red flags

Revenue
$4.0B
2025
Net Income
$60M
2025
Gross Margin
6.9%
Free Cash Flow
$101M
01

Screening Summary

13
Passed
0
Watch
2
Failed
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 34 days, change -1 days YoY

A2AR vs Revenue Growth

AR growth -6.0% vs revenue growth -4.0%

A3Revenue vs CFFO

Revenue -4.0%, CFFO -19.9%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -46.6% vs revenue -4.0%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Gross margin 6.9%, change -1.5pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.81. Profits backed by cash

C2Free Cash Flow

FCF < 50% of Net Income for 2 years

C3Accruals Ratio

Accruals ratio = -6.9%. Low accruals

C4Cash vs Debt

Cash $0.1B covers only 27% of debt $0.5B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.4B = 29% of equity. Manageable

D2Leverage

Debt/EBITDA = 1.7x. Healthy

D3Soft Asset Growth

Other assets -13.9% vs revenue -4.0%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -5% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

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05

Altman Z-Score

5.08
Safe Zone
0 Distress1.102.605.0+ Safe
0.2553
Liquidity
0.6052
Cumulative profit
0.0389
Operating efficiency
1.12
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25