Old Dominion Freight Line, Inc.

ODFL · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990
Valuation
Market cap	$32,787	$37,661	$44,227	$31,352	$41,218	$22,448	$15,148	$10,095	$10,837	$7,073	$5,043	$6,690	$4,568	$2,955	$2,317	$1,789	$1,145	$1,062	$861	$898	$1,004	$850	$546	$246	$105	$79	$89	$95	$127	$88	$66	$135	$164	$183	$107	$87
Enterprise value	$32,808	$37,721	$43,873	$31,217	$40,601	$21,816	$14,790	$9,950	$10,805	$7,167	$5,166	$6,811	$4,729	$3,182	$2,510	$2,055	$1,446	$1,285	$1,094	$1,085	$1,132	$929	$642	$320	$203	$162	$153	$164	$173	$130	$95	$151	$178	$191	$117	–
P/E (TTM) at period end	32.03×	31.75×	35.68×	22.77×	39.85×	33.37×	24.61×	16.67×	23.37×	23.91×	16.55×	25.01×	22.16×	17.44×	16.61×	23.65×	32.84×	15.46×	11.98×	12.38×	18.77×	21.80×	19.78×	13.30×	8.85×	5.77×	6.21×	8.50×	12.63×	14.36×	13.77×	13.52×	19.79×	22.86×	533.04×	18.54×
P/S (TTM) at period end	5.97×	6.48×	7.54×	5.01×	7.84×	5.59×	3.69×	2.50×	3.23×	2.36×	1.70×	2.40×	1.95×	1.38×	1.22×	1.21×	0.92×	0.69×	0.61×	0.70×	0.95×	1.03×	0.82×	0.43×	0.21×	0.17×	0.21×	0.25×	0.39×	0.30×	0.27×	0.56×	0.80×	0.99×	0.68×	0.65×
P/B at period end	7.61×	8.87×	10.39×	8.58×	11.20×	6.75×	4.92×	3.77×	4.76×	3.82×	2.99×	4.48×	3.71×	2.88×	2.71×	2.68×	1.93×	1.90×	1.76×	2.15×	2.91×	2.92×	2.35×	1.21×	0.77×	0.63×	0.80×	0.98×	1.48×	1.18×	0.96×	2.12×	3.06×	4.06×	2.88×	–
EV / EBITDA (TTM)	19.01×	19.97×	22.33×	14.75×	24.58×	18.68×	13.79×	9.50×	13.82×	10.64×	7.78×	11.59×	10.16×	8.04×	7.73×	9.42×	8.76×	5.95×	5.21×	5.48×	7.37×	8.05×	7.18×	4.74×	3.72×	3.01×	2.88×	3.70×	4.66×	4.48×	–	–	–	–	–	–
EV / Sales (TTM)	5.97×	6.49×	7.48×	4.99×	7.72×	5.43×	3.60×	2.46×	3.22×	2.40×	1.74×	2.44×	2.02×	1.49×	1.32×	1.39×	1.16×	0.84×	0.78×	0.85×	1.07×	1.13×	0.96×	0.56×	0.40×	0.34×	0.36×	0.43×	0.53×	0.44×	0.38×	0.62×	0.87×	1.04×	0.75×	–
Returns
Return on equity	23.7%	27.9%	29.1%	37.7%	28.1%	20.2%	20.0%	22.6%	20.4%	16.0%	18.1%	17.9%	16.7%	16.5%	16.3%	11.3%	5.9%	12.3%	14.7%	17.4%	15.5%	13.4%	11.9%	9.1%	8.7%	11.0%	13.0%	11.5%	11.7%	8.2%	7.0%	15.7%	15.5%	17.8%	0.5%	–
Return on invested capital	23.6%	27.3%	31.6%	38.6%	31.3%	22.4%	22.5%	23.9%	20.7%	15.4%	17.1%	16.9%	15.2%	14.1%	14.1%	9.0%	4.8%	10.0%	10.8%	11.5%	12.3%	11.5%	9.5%	8.0%	6.4%	7.9%	9.8%	8.4%	9.4%	6.9%	–	–	–	–	–	–
Dividend yield	0.7%	0.6%	0.4%	0.4%	0.2%	0.3%	0.4%	0.4%	0.3%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.3%	–
Financial health
Current ratio	1.44×	1.33×	2.10×	1.76×	2.98×	3.33×	2.37×	1.98×	1.67×	1.33×	1.34×	1.58×	1.43×	1.22×	1.62×	1.31×	1.18×	1.47×	1.69×	2.11×	1.35×	1.31×	1.29×	1.81×	1.46×	1.26×	1.07×	1.28×	1.53×	1.57×	1.58×	1.37×	1.33×	1.27×	1.37×	–
Debt / equity	0.01×	0.01×	0.02×	0.03×	0.03×	0.03×	0.01×	0.02×	0.04×	0.06×	0.08×	0.10×	0.16×	0.23×	0.31×	0.41×	0.52×	0.45×	0.53×	0.65×	0.37×	0.27×	0.42×	0.46×	0.72×	0.67×	0.58×	0.73×	0.55×	0.58×	0.44×	0.29×	0.35×	0.40×	0.35×	–
Effective tax rate	24.8%	23.9%	24.8%	25.2%	25.5%	25.4%	25.3%	25.7%	19.5%	38.1%	37.8%	38.1%	37.3%	38.0%	36.6%	39.2%	39.0%	39.0%	38.0%	39.2%	40.3%	39.6%	39.1%	39.0%	39.0%	39.0%	38.6%	38.0%	38.0%	38.0%	38.5%	39.0%	37.1%	37.9%	38.2%	–
Share count
Diluted shares outstanding	212	216	220	226	233	237	241	246	247	249	256	258	258	258	257	252	252	252	252	252	252	247	244	197	189	189	189	190	190	190	188	191	191	192	147	153

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990
Revenue and gross profit
Revenue	$5,603	$5,496	$5,815	$5,866	$6,260	$5,256	$4,015	$4,109	$4,044	$3,358	$2,992	$2,972	$2,788	$2,338	$2,135	$1,904	$1,481	$1,245	$1,538	$1,402	$1,279	$1,061	$824	$668	$566	$502	$476	$426	$383	$329	$293	$248	$244	$205	$184	$156	$135
Cost of revenue	($3,827)	($3,729)	($3,792)	($3,794)	($4,004)	($3,481)	($2,787)	($2,939)	($2,899)	($2,483)	($2,247)	($2,215)	($2,100)	($1,801)	($1,664)	($1,500)	($1,199)	($265)	($401)	($204)	($309)	($245)	($199)	($130)	($139)	($124)	($121)	($98)	($51)	($89)	($94)	($44)	($55)	($48)	($42)	($39)	–
Gross profit	$1,776	$1,767	$2,023	$2,072	$2,256	$1,775	$1,229	$1,170	$1,144	$875	$745	$757	$687	$536	$471	$404	$282	$980	$1,137	$1,197	$970	$817	$625	$537	$428	$378	$355	$328	$332	$240	$199	$205	$189	$158	$142	$117	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,883)	($2,843)	($2,907)	($2,835)	($2,917)	($2,638)	($2,196)	($2,276)	($2,226)	($1,938)	($1,767)	($1,686)	($1,490)	($1,264)	($1,145)	($1,024)	($866)	($806)	($914)	($846)	($772)	($663)	($510)	($448)	($28)	($18)	($26)	($23)	($271)	($19)	($17)	($171)	($150)	($125)	($111)	($92)	–
Total operating expenses	($328)	($406)	($479)	($432)	($415)	($383)	($322)	($352)	($327)	($299)	($261)	($259)	($246)	($198)	($185)	($169)	($144)	($909)	($1,008)	($1,067)	($840)	($719)	($555)	($486)	($392)	($354)	($328)	($300)	($309)	($220)	($186)	–	–	–	–	–	–
Total costs and expenses	($4,155)	($4,135)	($4,271)	($4,225)	($4,419)	($3,865)	($3,108)	($3,290)	($3,227)	($2,782)	($2,508)	($2,474)	($2,347)	($1,999)	($1,849)	($1,670)	($1,343)	($1,175)	($1,409)	($1,272)	($1,149)	($964)	($753)	($616)	($530)	($478)	($449)	($398)	($361)	($309)	($280)	–	–	–	–	–	–
Operating income	$1,448	$1,361	$1,544	$1,641	$1,841	$1,392	$907	$819	$817	$576	$484	$498	$441	$338	$285	$234	$138	$70	$129	$130	$130	$98	$71	$51	$36	$25	$27	$28	$23	$20	$13	–	–	–	–	–	–
Earnings
EBITDA	$1,817	$1,726	$1,889	$1,965	$2,117	$1,651	$1,168	$1,072	$1,047	$782	$674	$664	$588	$466	$396	$325	$218	$165	$216	$210	$198	$153	$115	$89	$67	$55	$54	$53	$44	$37	$29	–	–	–	–	–	–
Interest income	$7	$4	$17	$13	$5	$1	$2	$7	$3	$1	$0	$0	$0	$0	$0	$0	$0	$0	$1	$2	$2	$0	$0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1)	($0)	($0)	($0)	($2)	($2)	($3)	($0)	($0)	($2)	($4)	($5)	($7)	($10)	($12)	($14)	($13)	($13)	($14)	($14)	($12)	($7)	($5)	($6)	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,451	$1,361	$1,558	$1,648	$1,841	$1,388	$901	$824	$816	$576	$478	$490	$433	$329	$273	$220	$124	$57	$113	$116	$119	$90	$65	$45	$30	$20	$22	$23	$18	$16	$10	$8	$16	$13	$14	$10	–
Income tax expense	($361)	($338)	($372)	($408)	($464)	($354)	($229)	($208)	($210)	($112)	($182)	($185)	($165)	($123)	($104)	($81)	($49)	($22)	($44)	($44)	($47)	($36)	($26)	($18)	($12)	($8)	($9)	($9)	($7)	($6)	($4)	($3)	($6)	($5)	($5)	($4)	–
Net income	$1,089	$1,024	$1,186	$1,240	$1,377	$1,034	$673	$616	$606	$464	$296	$305	$268	$206	$169	$139	$76	$35	$69	$72	$73	$53	$39	$28	$18	$12	$14	$14	$11	$10	$6	$5	$10	$8	$8	$0	$5
Per share
Diluted EPS (GAAP)	$5.19	$4.84	$5.48	$5.63	$6.09	$4.45	$2.84	$2.55	$2.46	$1.88	$1.19	$1.19	$1.03	$0.7967	$0.6567	$0.5433	$0.30	$0.1378	$0.2733	$0.28	$0.29	$0.21	$0.16	$0.12	$0.095	$0.065	$0.07	$0.075	$0.06	$0.055	$0.0325	$0.0255	$0.05	$0.0435	$0.0418	$0.0014	$0.0308
Basic EPS (GAAP)	$5.21	$4.86	$5.51	$5.66	$6.13	$4.47	$2.85	$2.56	$2.46	$1.88	$1.19	$1.19	$1.03	$0.7967	$0.6567	$0.5433	$0.30	$0.1378	$0.2733	$0.28	$0.29	$0.21	$0.16	$0.12	$0.095	$0.065	$0.07	$0.075	$0.06	$0.055	$0.0325	$0.0255	$0.055	$0.0435	$0.0418	$0.0014	$0.0308
Basic shares outstanding	209	211	215	219	225	231	235	241	246	247	249	256	258	258	258	257	252	252	252	252	252	252	247	244	197	189	189	189	189	189	189	188	190	191	192	147	153
Margins
Gross margin	31.7%	32.2%	34.8%	35.3%	36.0%	33.8%	30.6%	28.5%	28.3%	26.1%	24.9%	25.5%	24.7%	22.9%	22.1%	21.2%	19.0%	78.7%	73.9%	85.4%	75.8%	77.0%	75.9%	80.5%	75.5%	75.3%	74.5%	77.0%	86.7%	72.9%	67.9%	82.5%	77.5%	76.8%	77.1%	74.8%	–
Operating margin	25.8%	24.8%	26.6%	28.0%	29.4%	26.5%	22.6%	19.9%	20.2%	17.1%	16.2%	16.8%	15.8%	14.5%	13.4%	12.3%	9.3%	5.7%	8.4%	9.3%	10.2%	9.2%	8.6%	7.7%	6.4%	4.9%	5.6%	6.6%	5.9%	6.1%	4.4%	–	–	–	–	–	–
Net margin	19.4%	18.6%	20.4%	21.1%	22.0%	19.7%	16.8%	15.0%	15.0%	13.8%	9.9%	10.3%	9.6%	8.8%	7.9%	7.3%	5.1%	2.8%	4.5%	5.1%	5.7%	5.0%	4.7%	4.1%	3.3%	2.4%	2.9%	3.4%	2.9%	3.1%	2.1%	1.9%	4.1%	4.0%	4.4%	0.1%	3.5%

Analyst consensus

Hold36 analysts

Bearish · 3 · Hold · 20 · Bullish · 13

Earnings history

	EPS	Estimate
Q3 2024	$1.43	$1.42	Beat
Q4 2024	$1.23	$1.16	Beat
Q1 2025	$1.19	$1.14	Beat
Q2 2025	$1.27	$1.28	Miss
Q3 2025	$1.28	$1.22	Beat
Q4 2025	$1.09	$1.06	Beat
Q1 2026	$1.14	$1.05	Beat
Q2 2026	$1.68	$1.54	Beat

Peers

Company overview

IPO dateOct 24, 1991

CEOKevin Freeman

Employees20,591

SectorIndustrials

IndustryTrucking

CountryUS

ExchangeNASDAQ Global Select

Websitewww.odfl.com

Old Dominion Freight Line, Inc. (ODFL) serves as a prominent less-than-truckload (LTL) freight carrier operating across the United States and North America. The company's offerings include LTL shipping solutions at regional, inter-regional, and national levels, often featuring expedited delivery options. Furthermore, ODFL provides a variety of supplementary services, such as container drayage, truckload brokerage, and supply chain consultancy. As of December 31, 2021, its extensive infrastructure comprised 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers, supported by 3 fleet maintenance centers and 251 service facilities. Founded in 1934, Old Dominion Freight Line, Inc. has its corporate headquarters situated in Thomasville, North Carolina.

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