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Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation services. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. In addition, the company operates fleet maintenance centers. As of December 31, 2025, it owned and operated 10,184 tractors, 30,824 linehaul trailers, and 14,313 pickup and delivery trailers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.5B | $1.7B | $1.0B | $955M | 23.7% | -5.5% | -13.7% |
| 2024 | $5.8B | $1.9B | $1.2B | $888M | 27.9% | -0.9% | -4.3% |
| 2023 | $5.9B | $2.0B | $1.2B | $812M | 29.1% | -6.3% | -10.0% |
| 2022 | $6.3B | $2.1B | $1.4B | $916M | 37.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6,260.08 | 5,866.15 | 5,814.81 | 5,496.39 |
| Cost Of Revenue | 4,003.95 | 3,793.95 | 3,792.02 | 3,681.02 |
| Gross Profit | 2,256.13 | 2,072.20 | 2,022.79 | 1,815.36 |
| Operating Expense | 415.49 | 431.53 | 478.80 | 454.32 |
| Operating Income | 1,840.63 | 1,640.67 | 1,544 | 1,361.04 |
| EBITDA | 2,118.98 | 1,972.69 | 1,902.39 | 1,726.30 |
| EBIT | 1,842.91 | 1,648.24 | 1,557.81 | 1,361.60 |
| Pretax Income | 1,841.35 | 1,647.78 | 1,557.60 | 1,361.31 |
| Tax Provision | 464.19 | 408.27 | 371.52 | 337.60 |
| Net Income | 1,377.16 | 1,239.50 | 1,186.07 | 1,023.70 |
| Net Income Common Stockholders | 1,377.16 | 1,239.50 | 1,186.07 | 1,023.70 |
| Total Expenses | 4,419.44 | 4,225.48 | 4,270.81 | 4,135.34 |
| Interest Expense | 1.56 | 0.46 | 0.21 | 0.30 |
| Interest Income | 4.88 | 12.80 | 17.01 | 4.14 |
| Selling General And Administration | 258.88 | 281.05 | 309.73 | 282.52 |
| Normalized EBITDA | 2,118.98 | 1,972.69 | 1,902.39 | 1,726.30 |
| Normalized Income | 1,377.16 | 1,239.50 | 1,186.07 | 1,023.70 |
| Market Cap | 45,849.46 | 45,849.46 | 45,849.46 | 45,849.46 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc.this co. | ODFL | $46.3B | 44.79↑ premium | 10.64 | 23.7% | 26.51 |
| AMETEK, Inc. | AME | $53.7B | 36.05 | 5.02 | 13.9% | 24.00 |
| Carrier Global Corporation | CARR | $52.0B | 34.32 | 3.69 | 10.8% | 17.46 |
| Fastenal Company | FAST | $51.1B | 40.77 | 13.01 | 31.9% | 27.97 |
| Westinghouse Air Brake Technologies Corporation |
| WAB |
| $45.7B |
| 38.73 |
| 4.07 |
| 10.5% |
| 22.03 |
| Rockwell Automation, Inc. | ROK | $45.1B | 51.91 | 12.34 | 23.8% | 34.54 |
| Delta Air Lines, Inc. | DAL | $44.4B | 8.99 | 2.16 | 24.0% | 6.55 |
| Thomson Reuters Corporation | TRI | $40.3B | 26.47 | 3.37 | 12.7% | 13.70 |
| EMCOR Group, Inc. | EME | $39.1B | 30.44 | 10.54 | 34.6% | 19.84 |
| Peer Median | - | 35.19 | 4.54 | 18.9% | 20.93 | |