A Business at a Glance
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Unless the context requires otherwise, references in this report to “Old Dominion,” the “Company,” “we,” “us” and “our” refer to Old Dominion Freight Line, Inc. We are one of the largest North American less-than-truckload (“LTL”) motor carriers. We provide regional, inter-regional and national LTL services through a single integrated, union-free organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, we also provide LTL services throughout North America. In addition to our core LTL services, we offer a range of value-added services including container drayage, truckload brokerage and supply chain consulting. More than 98% of our revenue has historically been derived from transporting LTL shipments for our customers, whose demand for our services is generally tied to industrial production and the overall health of the U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.5B | 5.5B | 5.8B | 5.9B | 6.3B | 5.3B |
| Net Income | 1.0B | 1.0B | 1.2B | 1.2B | 1.4B | 1.0B |
| EPS | $4.84 | $4.84 | $5.48 | $2.82 | $6.09 | $4.45 |
| Free Cash Flow | 955M | 955M | 888M | 812M | 916M | 663M |
| ROIC | 24.1% | 24.8% | 28.6% | 35.4% | 38.9% | 33.9% |
| Gross Margin | 52.1% | 52.1% | 53.8% | 55.2% | 56.6% | 53.0% |
| Debt/Equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 |
| Dividends/Share | $1.11 | $1.12 | $1.04 | $0.40 | $0.60 | $0.40 |
| Operating Income | 1.4B | 1.4B | 1.5B | 1.6B | 1.8B | 1.4B |
| Operating Margin | 24.8% | 24.8% | 26.6% | 28.0% | 29.4% | 26.5% |
| ROE | 23.7% | 23.9% | 27.9% | 29.1% | 37.7% | 28.1% |
| Shares Outstanding | 212M | 212M | 216M | 440M | 226M | 233M |
OLD DOMINION FREIGHT LINE, INC. passes 8 of 9 quality checks, indicating strong fundamentals.
OLD DOMINION FREIGHT LINE, INC. trades at 42.9x trailing earnings, compared to its 15-year median P/E of 28.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 45.3x vs a median of 43.6x. The company's 5-year average ROIC is 32.3% with a gross margin of 54.1%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is +16.6%.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a current P/E ratio of 42.9, compared to its historical median P/E of 28.3. The stock is currently considered Expensive based on its historical valuation range.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a 5-year average return on invested capital (ROIC) of 32.3%. This indicates strong capital allocation and a potential competitive advantage.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a market capitalization of $43.9B. It is classified as a large-cap stock.
Yes, OLD DOMINION FREIGHT LINE, INC. (ODFL) pays a dividend with a trailing twelve-month yield of 0.54%. The company also returns capital through share buybacks, with a buyback yield of 1.66%.
Based on historical P/E analysis, OLD DOMINION FREIGHT LINE, INC. (ODFL) appears expensive. The current P/E of 42.9 is 51% above its historical median of 28.3. The estimated fair value CAGR (P/E method) is 16.3%.
OLD DOMINION FREIGHT LINE, INC. (ODFL) operates in the Trucking (No Local) industry, within the Industrials sector.
OLD DOMINION FREIGHT LINE, INC. (ODFL) reported annual revenue of $5.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a net profit margin of 18.6%. This is a healthy margin.
OLD DOMINION FREIGHT LINE, INC. (ODFL) generated $955 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
OLD DOMINION FREIGHT LINE, INC. (ODFL) reported earnings per share (EPS) of $4.84 in its most recent fiscal year.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a return on equity (ROE) of 23.9%. This indicates the company generates strong returns for shareholders.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a 5-year average gross margin of 54.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for OLD DOMINION FREIGHT LINE, INC. (ODFL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OLD DOMINION FREIGHT LINE, INC. (ODFL) has a book value per share of $20.38, based on its most recent annual SEC filing.