Old Dominion Freight Line, Inc.

ODFL

IndustrialsLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

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.

Valuation

Market Cap$51.1B

Current Price$218.73as of Jun 23, 2026

P/E Ratio49.88

P/B Ratio11.84

EV / EBITDA29.53

EV / Sales9.28

Profitability

Operating Margin24.8%

Net Profit Margin18.6%

EBITDA Margin31.4%

Returns

ROE23.7%

ROCE31.3%

ROIC %-

ROA18.7%

Solvency

Current Ratio1.44

Debt / Equity0.01

Debt / Assets0.01

CFO / Net Profit1.34

Price History▲ 35.55% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$5.5B▼ 5.5%

EBITDA$1.7B▼ 9.3%

Net Profit$1.0B▼ 13.7%

Cash from Ops (CFO)$1.4B▼ 17.4%

Free Cash Flow (FCF)$955M▲ 7.6%

Revenue CAGR 3Y-4.2%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-9.4%

Net Profit CAGR 5Y-

Historical Growth

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%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	6,260.08	5,866.15	5,814.81	5,496.39
Operating 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
Selling General And Administration	-	258.88	281.05	309.73	282.52
Total Expenses	-	4,419.44	4,225.48	4,270.81	4,135.34
Operating Income	-	1,840.63	1,640.67	1,544	1,361.04
Total Operating Income As Reported	-	1,840.63	1,640.67	1,544	1,361.04
EBITDA	-	2,118.98	1,972.69	1,902.39	1,726.30
Normalized 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
Interest Income	-	4.88	12.80	17.01	4.14
Interest Expense	-	1.56	0.46	0.21	0.30
Net Interest Income	-	3.32	12.34	16.80	3.85
Other Non Operating Income Expenses	-	-2.60	-5.23	-3.20	-3.59
Other Income Expense	-	-2.60	-5.23	-3.20	-3.59
Interest Income Non Operating	-	4.88	12.80	17.01	4.14
Interest Expense Non Operating	-	1.56	0.46	0.21	0.30
Net Non Operating Interest Income Expense	-	3.32	12.34	16.80	3.85
Pretax Income	-	1,841.35	1,647.78	1,557.60	1,361.31
Tax Provision	-	464.19	408.27	371.52	337.60
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	1,377.16	1,239.50	1,186.07	1,023.70
Net Income From Continuing And Discontinued Operation	-	1,377.16	1,239.50	1,186.07	1,023.70
Net Income From Continuing Operation Net Minority Interest	-	1,377.16	1,239.50	1,186.07	1,023.70
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
Net Income Including Noncontrolling Interests	-	1,377.16	1,239.50	1,186.07	1,023.70
Normalized Income	-	1,377.16	1,239.50	1,186.07	1,023.70
Diluted NI Availto Com Stockholders	-	1,377.16	1,239.50	1,186.07	1,023.70
Basic Average Shares	-	224.68	218.84	215.33	210.54
Diluted Average Shares	-	226.16	220.18	216.48	211.60
Reconciled Depreciation	-	276.07	324.45	344.58	364.69
Reconciled Cost Of Revenue	-	4,003.95	3,793.95	3,792.02	3,681.02
General And Administrative Expense	-	258.88	281.05	309.73	282.52
Other Gand A	-	200.58	205.68	217.37	208.10
Insurance And Claims	-	58.30	75.37	92.36	74.42
Other Operating Expenses	-	15.37	4.83	24.37	32.86
Other Taxes	-	141.24	145.64	144.69	138.94

Peer Comparison

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	$51.1B	49.88↑ premium	11.84	23.7%	29.53
L3Harris Technologies, Inc.	LHX	$57.7B	35.93	2.94	8.2%	18.05
Carrier Global Corporation	CARR	$56.9B	38.36	4.12	10.8%	19.16
Fastenal Company	FAST	$54.1B	43.02	13.73	31.9%	29.51
AMETEK, Inc.	AME

Learn while you research

Hand-picked academy chapters to deepen your understanding of Old Dominion Freight Line, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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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%

Metric

2021

2022

2023

2024

2025

Total Revenue

6,260.08

5,866.15

5,814.81

5,496.39

Operating 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

Selling General And Administration

258.88

281.05

309.73

282.52

Total Expenses

4,419.44

4,225.48

4,270.81

4,135.34

Operating Income

1,840.63

1,640.67

1,544

1,361.04

Total Operating Income As Reported

1,840.63

1,640.67

1,544

1,361.04

EBITDA

2,118.98

1,972.69

1,902.39

1,726.30

Normalized 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

Interest Income

4.88

12.80

17.01

4.14

Interest Expense

1.56

0.46

0.21

0.30

Net Interest Income

3.32

12.34

16.80

3.85

Other Non Operating Income Expenses

-2.60

-5.23

-3.20

-3.59

Other Income Expense

-2.60

-5.23

-3.20

-3.59

Interest Income Non Operating

4.88

12.80

17.01

4.14

Interest Expense Non Operating

1.56

0.46

0.21

0.30

Net Non Operating Interest Income Expense

3.32

12.34

16.80

3.85

Pretax Income

1,841.35

1,647.78

1,557.60

1,361.31

Tax Provision

464.19

408.27

371.52

337.60

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1,377.16

1,239.50

1,186.07

1,023.70

Net Income From Continuing And Discontinued Operation

1,377.16

1,239.50

1,186.07

1,023.70

Net Income From Continuing Operation Net Minority Interest

1,377.16

1,239.50

1,186.07

1,023.70

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

Net Income Including Noncontrolling Interests

1,377.16

1,239.50

1,186.07

1,023.70

Normalized Income

1,377.16

1,239.50

1,186.07

1,023.70

Diluted NI Availto Com Stockholders

1,377.16

1,239.50

1,186.07

1,023.70

Basic Average Shares

224.68

218.84

215.33

210.54

Diluted Average Shares

226.16

220.18

216.48

211.60

Reconciled Depreciation

276.07

324.45

344.58

364.69

Reconciled Cost Of Revenue

4,003.95

3,793.95

3,792.02

3,681.02

General And Administrative Expense

258.88

281.05

309.73

282.52

Other Gand A

200.58

205.68

217.37

208.10

Insurance And Claims

58.30

75.37

92.36

74.42

Other Operating Expenses

15.37

4.83

24.37

32.86

Other Taxes

141.24

145.64

144.69

138.94

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Old Dominion Freight Line, Inc.this co.

ODFL

$51.1B

49.88↑ premium

11.84

23.7%

29.53

L3Harris Technologies, Inc.

LHX

$57.7B

35.93

2.94

8.2%

18.05

Carrier Global Corporation

CARR

$56.9B

38.36

4.12

10.8%

19.16

Fastenal Company

FAST

$54.1B

43.02

13.73

31.9%

29.51

AMETEK, Inc.

AME

Old Dominion Freight Line, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Old Dominion Freight Line, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on