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Side-by-side financial comparison of ARCBEST CORP (ARCB) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.6B vs $998.8M, roughly 1.6× ARCBEST CORP). WATSCO INC runs the higher net margin — 4.5% vs -0.1%, a 4.6% gap on every dollar of revenue. On growth, ARCBEST CORP posted the faster year-over-year revenue change (3.3% vs -10.0%). Over the past eight quarters, WATSCO INC's revenue compounded faster (0.4% CAGR vs -3.7%).
ArcBest Corporation is a leading U.S.-based logistics and transportation solutions provider. It offers end-to-end supply chain services including less-than-truckload freight shipping, full truckload services, warehousing, expedited delivery, and customized logistics consulting, serving enterprise, small business, and government clients across North America and select global markets.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
ARCB vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $998.8M | $1.6B |
| Net Profit | $-1.0M | $71.7M |
| Gross Margin | — | 27.1% |
| Operating Margin | 0.3% | 6.4% |
| Net Margin | -0.1% | 4.5% |
| Revenue YoY | 3.3% | -10.0% |
| Net Profit YoY | -133.1% | -25.9% |
| EPS (diluted) | $-0.05 | $1.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $998.8M | — | ||
| Q4 25 | $972.7M | $1.6B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $967.1M | $1.5B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $2.1B |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | $-8.1M | $71.7M | ||
| Q3 25 | $39.3M | $161.6M | ||
| Q2 25 | $25.8M | $183.6M | ||
| Q1 25 | $3.1M | $80.1M | ||
| Q4 24 | $29.0M | $96.8M | ||
| Q3 24 | $100.3M | $171.0M | ||
| Q2 24 | $46.9M | $181.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | -0.8% | 6.4% | ||
| Q3 25 | 5.2% | 11.4% | ||
| Q2 25 | 3.6% | 13.2% | ||
| Q1 25 | 0.7% | 7.3% | ||
| Q4 24 | 3.8% | 7.8% | ||
| Q3 24 | 12.7% | 11.6% | ||
| Q2 24 | 4.5% | 12.6% |
| Q1 26 | -0.1% | — | ||
| Q4 25 | -0.8% | 4.5% | ||
| Q3 25 | 3.7% | 7.8% | ||
| Q2 25 | 2.5% | 8.9% | ||
| Q1 25 | 0.3% | 5.2% | ||
| Q4 24 | 2.9% | 5.5% | ||
| Q3 24 | 9.4% | 7.9% | ||
| Q2 24 | 4.4% | 8.5% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.35 | $1.82 | ||
| Q3 25 | $1.72 | $3.98 | ||
| Q2 25 | $1.12 | $4.52 | ||
| Q1 25 | $0.13 | $1.93 | ||
| Q4 24 | $1.21 | $2.42 | ||
| Q3 24 | $4.23 | $4.22 | ||
| Q2 24 | $1.96 | $4.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.4M | $733.3M |
| Total DebtLower is stronger | $223.7M | $361.6M |
| Stockholders' EquityBook value | $1.3B | $2.8B |
| Total Assets | $2.5B | $4.4B |
| Debt / EquityLower = less leverage | 0.17× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $86.4M | — | ||
| Q4 25 | $124.2M | $733.3M | ||
| Q3 25 | $132.6M | $524.3M | ||
| Q2 25 | $139.7M | $293.0M | ||
| Q1 25 | $98.7M | $431.8M | ||
| Q4 24 | $157.2M | $781.9M | ||
| Q3 24 | $191.1M | $550.0M | ||
| Q2 24 | $260.5M | $424.9M |
| Q1 26 | $223.7M | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | $214.1M | $340.8M | ||
| Q2 25 | $241.4M | $338.7M | ||
| Q1 25 | $214.2M | $346.4M | ||
| Q4 24 | $189.1M | $337.2M | ||
| Q3 24 | $180.5M | $321.0M | ||
| Q2 24 | $203.6M | $307.1M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.3B | $2.8B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.2B | $2.6B |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $2.5B | $4.6B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.4B | $4.5B | ||
| Q4 24 | $2.4B | $4.5B | ||
| Q3 24 | $2.4B | $4.5B | ||
| Q2 24 | $2.4B | $4.4B |
| Q1 26 | 0.17× | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | 0.16× | 0.12× | ||
| Q2 25 | 0.19× | 0.12× | ||
| Q1 25 | 0.17× | 0.13× | ||
| Q4 24 | 0.14× | 0.13× | ||
| Q3 24 | 0.14× | 0.12× | ||
| Q2 24 | 0.17× | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $399.8M |
| Free Cash FlowOCF − Capex | — | $388.5M |
| FCF MarginFCF / Revenue | — | 24.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $44.7M | $399.8M | ||
| Q3 25 | $98.2M | $354.9M | ||
| Q2 25 | $108.4M | $-7.4M | ||
| Q1 25 | $-22.3M | $-177.6M | ||
| Q4 24 | $56.8M | $378.9M | ||
| Q3 24 | $88.8M | $232.8M | ||
| Q2 24 | $133.7M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $388.5M | ||
| Q3 25 | $33.2M | $346.1M | ||
| Q2 25 | $80.9M | $-14.3M | ||
| Q1 25 | $-36.8M | $-185.2M | ||
| Q4 24 | $3.5M | $370.9M | ||
| Q3 24 | $23.9M | $223.0M | ||
| Q2 24 | $83.9M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 24.6% | ||
| Q3 25 | 3.2% | 16.7% | ||
| Q2 25 | 7.9% | -0.7% | ||
| Q1 25 | -3.8% | -12.1% | ||
| Q4 24 | 0.4% | 21.1% | ||
| Q3 24 | 2.2% | 10.3% | ||
| Q2 24 | 7.8% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.7% | ||
| Q3 25 | 6.2% | 0.4% | ||
| Q2 25 | 2.7% | 0.3% | ||
| Q1 25 | 1.5% | 0.5% | ||
| Q4 24 | 5.3% | 0.5% | ||
| Q3 24 | 6.1% | 0.5% | ||
| Q2 24 | 4.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | 2.50× | 2.20× | ||
| Q2 25 | 4.20× | -0.04× | ||
| Q1 25 | -7.13× | -2.22× | ||
| Q4 24 | 1.96× | 3.91× | ||
| Q3 24 | 0.89× | 1.36× | ||
| Q2 24 | 2.85× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
