ArcBest (NASDAQ: ARCB) has just released its financial results for the fourth quarter and full year of 2025. In the fourth quarter of 2025, the company reported a total revenue of $972.7 million, a decrease from $1.0 billion in the same period of the previous year. The net loss from continuing operations in Q4 2025 was $8.1 million, or $0.36 per diluted share, compared to a net income of $29.0 million, or $1.24 per diluted share, in Q4 2024. On a non-GAAP basis, the net income was $8.2 million, or $0.36 per diluted share, compared to $31.2 million, or $1.33 per diluted share, in the prior year.
For the full year 2025, ArcBest reported a total revenue of $4.0 billion, down from $4.2 billion in the prior year. The net income from continuing operations for 2025 was $60.1 million, or $2.62 per diluted share, compared to $173.4 million, or $7.28 per diluted share, in 2024. On a non-GAAP basis, the net income for 2025 was $84.8 million, or $3.70 per diluted share, compared to $149.7 million, or $6.28 per diluted share, in the previous year.
In the asset-based segment, ArcBest reported a 0.3% decrease in revenue for the fourth quarter of 2025 compared to the same period in 2024. However, tonnage per day increased by 2.6%, and shipments per day increased by 2.4%. The operating income was $24.4 million with an operating ratio of 96.2%, compared to $52.3 million and 92.0% in the prior year.
In the asset-light segment, the company reported a 5.1% decrease in revenue for the fourth quarter of 2025 compared to the same period in 2024. Shipments per day increased by 0.8%, and purchased transportation expense was 86.4% of revenue. The operating loss was $9.9 million compared to an operating loss of $1.6 million in Q4 2024.
For the full year 2025, in the asset-based segment, ArcBest reported a per-day decrease of 0.2% in revenue compared to 2024, along with a tonnage per day increase of 1.2% and a shipments per day increase of 3.0%. The operating income was $172.0 million with an operating ratio of 93.7%, compared to $242.6 million and 91.2% in the previous year.
In the asset-light segment for the full year 2025, the company reported a per-day decrease of 9.0% in revenue compared to 2024. There was a decrease of 7.4% in revenue per shipment, and purchased transportation expense was 85.3% of revenue. The operating loss was $15.3 million compared to an operating income of $58.4 million in 2024.
ArcBest also revealed that in 2025, total net capital expenditures, including equipment financed, were $198 million, and the company returned more than $86 million to shareholders through both share repurchases and dividends.
The company's management plans to continue acting opportunistically on repurchases based on share price, balanced against prioritizing high-return organic capital investments while maintaining prudent leverage levels.
For more details on ArcBest's financial performance, the company will host a conference call to discuss its quarterly results today, Friday, January 30, 2026, at 9:30 a.m. ET (8:30 a.m. CT).
ArcBest (NASDAQ: ARCB) is a leader in supply chain logistics, with a history of innovation and a commitment to helping customers navigate supply chain challenges using technology, expertise, and scale. Following these announcements, the company's shares moved -1.03%, and are now trading at a price of $90.55. For the full picture, make sure to review ARCBEST CORP /DE/'s 8-K report.
