Old Dominion Freight Line, Inc.

ODFL Industrials Trucking

Old Dominion Freight Line, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, down 5.48% from fiscal 2024.

Revenue
+13.1%
EPS
+28.7%
Free cash flow
+124.0%
Total debt
−76.5%

Quarter to September 2026, against a year earlier

170.11 9.28 −5.17%
Market cap
$35.4B
P/E
30.4×
Fwd P/E
29.1×
Dividend yield
0.68%
F-score
7/9
Altman Z
20.00
Beneish M
−2.79
Dividend safety
92/100

Revenue by products and services Fiscal 2025

  • LTL Service Revenue
  • Other Service Revenue

Every year since 2016 →

Insider Decisions last twelve months

Sold, $m 26.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — — 1 — — 1 — — —
Insider Ownership 11.60%

Capital & Financial Ratios $m

Size
Market Cap 35,370.00
Revenue ttm 5,786.72
Net income ttm 1,089.28
Free cash flow ttm 1,195.63
Net debt Q (446.23)
Valuation
P/E 30.43
Forward P/E 29.10
Price / sales 6.09
Forward P/S Powerpack
Price / FCF 29.46
Price / book 7.75 (above 6: high)
Financial health
Current ratio Q 2.04 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 14,145.16
Growth
Revenue growth Q +13.10% (above 0%: growing)
Operating income growth Q +25.44% (above 0%: growing)
EPS, this year +23.02% (at or above 15%: strong)
EPS, next year A +13.74%
Revenue, next year A +9.56%
EPS, past 5 yrs +11.25%
EPS, next 5 yrs A +16.16% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 57.02%
10-year low 10-year high
P/S against its own 10 years 63.00%
10-year low 10-year high
P/B against its own 10 years 51.38%
10-year low 10-year high
EV/Sales against its own 10 years 62.74%
10-year low 10-year high
EV/FCF against its own 10 years 2.49%
10-year low 10-year high

Dividends raised 6 years running

Yield
0.68%
Annual rate
1.15
Payout ratio
20.7%
Growth, 2017–25
+30.5%/yr
  1. 0.13 ’17
  2. 0.30 ’18 +128
  3. 0.23 ’19 −25
  4. 0.30 ’20 +33
  5. 0.40 ’21 +33
  6. 0.60 ’22 +50
  7. 0.80 ’23 +33
  8. 1.04 ’24 +30
  9. 1.12 ’25 +8
  10. 1.15 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 434 109 120 466
Receivables 615 528 494 —
Inventory — — — —
Other — — — 726
1,143 721 695 1,192
2023 2024 2025 Q'26
Payables 113 92 63 —
ST’ Debt 20 20 20 20
Other 279 285 239 563
545 541 484 583

Compound Annual Growth %

10y 5y 3y
Sales 6.34% 6.48% (4.24%)
Cash Flow 9.48% 7.99% (6.78%)
Earnings 12.88% 8.76% (9.41%)
Book Value 9.85% 5.32% 5.68%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.14 1.68 1.65 — —
’25 1.19 1.27 1.28 1.09 4.84
’24 1.34 1.48 1.43 1.23 5.48
’23 1.29 1.33 1.55 1.47 5.63
’22 1.30 1.65 1.68 1.46 6.09
’21 0.85 1.16 1.24 1.21 4.45
’20 0.56 0.63 0.86 0.81 2.84
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,335 1,554 1,591 — —
’25 1,375 1,408 1,407 1,307 5,496
’24 1,460 1,499 1,470 1,386 5,815
’23 1,442 1,413 1,515 1,496 5,866
’22 1,497 1,667 1,604 1,492 6,260
’21 1,127 1,319 1,400 1,410 5,256
’20 987 896 1,058 1,073 4,015
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 374 273 — — —
’25 337 286 437 310 1,370
’24 424 388 446 401 1,659
’23 415 288 429 437 1,569
’22 389 427 514 361 1,692
’21 310 198 364 340 1,213
’20 204 312 170 247 933
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 321 225 — — —
’25 254 101 347 302 1,004
’24 306 153 215 234 908
’23 191 51 262 357 860
’22 305 206 334 93 939
’21 267 51 189 176 682
’20 153 245 125 188 712
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 11.3% a year for ten years. It grew 24.0% a year over the last ten.

Implied
11.3%
10 years, reported
24.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,992 3,358 4,044 4,109 4,015 5,256 6,260 5,866 5,815 5,496 5,787 +7.0% 6,022 6,504 6,958 +8.2%
Gross margin, % 97.52 97.48 97.63 97.82 97.56 96.47 97.47 97.93 97.89 98.00 97.89 +0.5 pt
EBT 478 576 816 824 901 1,388 1,841 1,648 1,558 1,361 1,545 +12.3%
EBT margin, % 15.96 17.15 20.17 20.05 22.45 26.41 29.41 28.09 26.79 24.77 26.70 +8.8 pt
Net income 296 464 606 616 673 1,034 1,377 1,240 1,186 1,024 1,089 +14.8%
Per share, $
Per share, $ Revenue 12.00 13.60 16.45 17.06 17.05 22.73 27.86 26.81 27.00 26.11 27.94 +9.0%
Earnings 1.19 1.88 2.46 2.56 2.86 4.47 6.13 5.67 5.51 4.86 5.59 +17.0%
Cash flow 2.27 2.17 3.66 4.09 3.96 5.24 7.53 7.17 7.71 6.51 0.00 +12.4%
Capex (1.63) (1.50) (2.37) (1.97) (0.94) (2.29) (3.35) (3.24) (3.49) (1.74) 0.00 +0.7%
Free cash flow 0.63 0.67 1.30 2.12 3.02 2.95 4.18 3.93 4.22 4.77 0.00 +25.1%
Book value 7.42 9.22 10.91 12.79 14.13 15.91 16.26 19.46 19.71 20.48 22.56 +11.9%
Shares, m 249 247 246 241 235 231 225 219 215 211 208 (1.9%)
Valuation, ×
Valuation, × P/E 24.38 23.84 16.69 24.74 34.12 40.04 23.03 35.11 32.07 32.26 30.43 28.6
P/S 2.41 3.29 2.50 3.71 5.72 7.89 5.07 7.42 6.53 6.01 6.09 5.1
P/B 3.90 4.86 3.77 4.95 6.91 11.26 8.69 10.22 8.95 7.66 7.75 7.1
EV/Sales 2.45 3.29 2.48 3.62 5.57 7.77 5.05 7.36 6.52 5.99 6.01 5.0
EV/FCF 46.36 66.30 31.43 29.18 31.42 59.88 33.67 50.17 41.77 32.81 29.11 42.3
Cash, $m
Cash, $m Operating cash flow 566 536 900 984 933 1,213 1,692 1,569 1,659 1,370 1,394 +10.3%
Capex (407) (370) (581) (474) (221) (531) (753) (709) (751) (367) (198) (1.2%)
Free cash flow 158 166 319 510 712 682 939 860 908 1,004 1,196 +22.8%
Balance, $m
Balance, $m Working capital 94 234 349 501 870 920 404 599 180 211 609 +9.4%
Net debt 95 (32) (145) (346) (619) (603) (136) (354) (49) (80) (446) n/m
Shareholders’ equity 1,851 2,277 2,680 3,081 3,326 3,680 3,653 4,258 4,245 4,311 4,672 +9.8%
Returns, %
Returns, % ROA 11.46 16.09 18.32 16.32 16.08 22.51 28.51 23.95 21.56 18.68 20.37 +7.2 pt
ROIC 15.54 16.04 20.14 18.71 20.93 28.27 32.71 26.27 23.00 20.11 22.77 +4.6 pt
ROE 16.73 22.47 24.44 21.37 21.00 29.53 37.56 31.34 27.90 23.93 0.00 +7.2 pt
People
People Employees 17,543 19,183 21,279 20,105 19,779 23,663 23,471 22,902 21,895 20,591 — +1.8%
Revenue/emp, $m 0.17 0.18 0.19 0.20 0.20 0.22 0.27 0.26 0.27 0.27 — +5.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Old Dominion Freight Line is a North American less-than-truckload, or LTL, carrier. It transports freight for businesses that do not need to dedicate an entire truck to a single shipment. Founded in 1934, the company is headquartered in Thomasville, North Carolina. Marty Freeman is its president and chief executive officer.

In LTL shipping, a carrier typically collects shipments from several customers on one truck. Freight moves through service centers, where it can be transferred to trucks carrying goods toward similar destinations. Old Dominion’s local centers pick up and deliver freight, while its linehaul operations move freight between centers. Inbound freight received overnight is generally scheduled for local delivery the next business day, unless the customer requests otherwise.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
LTL Service Revenue 5,446 99.09%
Other Service Revenue 50 0.91%
Gross margin 98.00%
Operating margin 24.76%
Pre-tax margin 24.77%

Revenue by segment since 2016

Old Dominion Freight Line, Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ODFL Old Dominion Freight Line, Inc. $35.4B 30.4× 29.1× +13.10% (above 0%: growing) +28.67% (above 0%: growing) +123.99% (above 0%: growing) 97.80% 28.46%
XPO XPO, Inc. $20.6B 41.2× 37.4× +12.41% (above 0%: growing) +124.64% (above 0%: growing) +31.67% (above 0%: growing) 100.00% 12.18% Compare
KNX Knight-Swift Transportation Holdings Inc. $9.7B 62.7× 34.5× +14.21% (above 0%: growing) +1,360.00% (above 0%: growing) +752.41% (above 0%: growing) 69.85% 8.12% Compare
SAIA Saia, Inc. $8.9B 31.4× 30.0× +17.01% (above 0%: growing) +5.57% (above 0%: growing) +4.02% (above 0%: growing) 69.15% 12.45% Compare
TFII TFI International Inc. $7.9B 22.2× 19.2× +13.39% (above 0%: growing) +26.10% (above 0%: growing) −41.17% (below 0%: shrinking) 47.44% 8.06% Compare
SNDR Schneider National, Inc. $5.0B 34.8× 28.4× +9.15% (above 0%: growing) +154.55% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 104× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79% Compare
Median of peers $6.4B 38.0× 34.5× +14.85% +79.21% +32.50% 51.44% 7.06%

All 18 Trucking stocks →

From the latest earnings call

Updated

  • On the Q2 call, CFO Adam Satterfield said demand continued to improve, while monthly trends remained uneven and July tonnage was performing better than normal seasonality.
  • CFO Adam Satterfield said the company increased its FY2026 capital-expenditure plan for strategic equipment and real-estate opportunities within its long-term plan.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Raymond James Financial, Inc. (RJF) Oct 22, 2026 Target cut Outperform 241.00 → 215.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 79.27%
Held by the ten largest 45.62%
Holder Shares Stake Change
Vanguard 22.74m 10.96% +96.82k
BlackRock 15.77m 7.60% +877.09k
Fidelity (FMR) 12.70m 6.12% +981.86k
T. Rowe Price 12.11m 5.84% −3.79m
State Street 8.28m 3.99% +445.82k
Invesco 7.31m 3.53% +346.58k
Geode Capital Management 5.20m 2.51% +101.74k
Boston Partners 3.82m 1.84% −173.58k
Franklin Templeton 3.38m 1.63% −1.09m
Goldman Sachs 3.33m 1.61% +271.05k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 20 April 2026

Ownership

Directors and executive officers, together 8.20%
The Vanguard Group, Inc.100 Vanguard BoulevardMalvern, PA 11.10%
BlackRock, Inc.50 Hudson YardsNew York, NY 6.70%
T. Rowe Price Associates, Inc.1307 Point Street Baltimore, MD 6.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Old Dominion Freight Line, Inc. (ODFL) Latest News

ODFL metrics, ten years each

stockrow.com/ODFL · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com