ArcBest (ARCB) Cash Flow: Operating & Free Cash Flow

ArcBest (ARCB) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), ArcBest generated $228.95M of operating cash flow and spent $128.17M on capital expenditures. That left free cash flow of $100.79M, up 60.6% from $62.74M a year earlier, or 2.5% of revenue. It returned $86.54M to shareholders through $10.97M in dividends and $75.57M in share buybacks.

ArcBest Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for ArcBest Corporation (ARCB) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	60.10	173.96	195.43	298.21	213.52	71.10	39.99	67.26	59.73
Depreciation & Amortization	170.34	149.09	145.73	140.04	124.22	118.39	112.47	108.64	103.07
Deferred Income Tax	33.37	22.44	-5.57	-6.25	-7.59	7.72	5.41	1.87	-10.21
Stock Based Compensation	10.58	11.36	11.44	12.78	11.43	10.48	9.52	8.41	6.96
Change in Working Capital	-42.79	-13.04	29.58	12.84	-4.09	-1.47	-28.02	55.91	-15.63
Change in Accounts Receivable	30.94	45.50	41.19	-10.35	-122.78	4.33	1.22	2.34	4.08
Change in Inventory	0.00	0.00	0.00	0.00	0.00	-4.33	-1.22	-33.22	-27.96
Change in Accounts Payable	-36.24	-21.04	-10.26	26.63	106.06	40.67	-27.04	52.02	10.39
Change in Other Working Capital	-37.48	-22.54	-1.34	-0.44	12.63	-42.14	-0.98	34.77	-2.14
Other Operating Activities	-2.64	-35.52	-54.45	6.97	-13.98	-0.23	31.00	13.26	8.01
Net Cash from Operating Activities	228.95	285.85	322.17	470.87	323.52	205.99	170.36	255.35	151.92
Investing Activities
Capital Expenditures	-128.17	-223.10	-232.00	-148.22	-78.47	-57.49	-102.43	-54.09	-75.62
Acquisitions	34.47	0.00	0.00	2.28	-230.37	14.24	11.48	4.68	2.49
Purchases of Investments	-22.00	-29.24	-96.54	-182.35	-81.36	-165.13	-129.71	-108.50	-73.46
Sales/Maturities of Investments	29.24	66.58	198.12	64.33	73.18	216.74	120.41	58.70	73.84
Other Investing Activities	9.76	-1.52	95.74	19.69	13.82	-0.89	2.01	4.26	4.28
Net Cash from Investing Activities	-76.70	-187.28	-21.70	-261.08	-303.20	7.46	-98.24	-94.95	-68.47
Financing Activities
Debt Repayment	-83.13	-120.52	-83.28	-115.54	-118.71	-101.10	-39.09	-71.26	-58.92
Common Stock Repurchased	-75.57	-97.97	-91.53	-81.22	-83.10	-6.60	-9.11	-9.40	-6.02
Dividends Paid	-10.97	-11.30	-11.54	-10.83	-8.14	-8.16	-8.19	-8.24	-8.26
Other Financing Activities	-7.99	-0.06	-10.26	-0.95	-37.70	4.45	-4.01	-2.08	-4.71
Net Cash from Financing Activities	-177.66	-233.35	-196.61	-127.98	-247.65	-111.41	-60.40	-90.98	-77.92
Summary
Net Change in Cash	-25.41	-134.78	103.85	81.80	-227.33	102.05	11.72	69.41	5.53
Cash at Beginning of Period	127.44	262.23	158.37	76.62	303.95	201.91	190.19	120.77	115.24
Cash at End of Period	102.03	127.44	262.23	158.37	76.62	303.95	201.91	190.19	120.77
Free Cash Flow	100.79	62.74	90.17	322.65	245.04	148.50	67.93	201.26	76.29
Supplemental Disclosures
Interest Paid	-	8.50	8.70	7.10	8.70	-	-	-	-
Income Taxes Paid	-	38.00	79.30	106.40	58.10	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ArcBest Cash Flow

What is ArcBest's free cash flow?

ArcBest generated free cash flow of $100.79M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $228.95M minus $128.17M of capital expenditures. That was up 60.6% from $62.74M a year earlier. Free cash flow equaled 2.5% of revenue.

How much does ArcBest spend on capital expenditures?

ArcBest spent $128.17M on capital expenditures in fiscal 2025, compared with $223.10M a year earlier. That equals 56.0% of operating cash flow.

Does ArcBest pay dividends or buy back shares?

Yes. In fiscal 2025 ArcBest returned $10.97M in dividends and $75.57M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition