FirmAtlas
Company handbook · ODFL · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
ODFL · CIK 878927 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
OLD DOMINION FREIGHT LINE, INC.
$187.72
−1.16 (−0.61%)
Close, Oct 16, 2026 · 52-week $126–252
Old Dominion Freight Line is a less-than-truckload (LTL) trucking company: it carries shipments too small to fill a truck, combining freight from many shippers through its service centers across the U.S.
Business
- ProductsLTL Service Revenue 99% · Other Service Revenue 1% (FY25)
- CustomersManufacturers, retailers and distributors shipping within North America; sold by its own sales force
- Cash useFY24–FY25: buybacks $1.7B · capex $1.2B · dividends $459M
Reinvested 39% of operating cash flow · returned 117% of free cash flow
Last fiscal year
OLD DOMINION FREIGHT LINE, INC. reported revenue of $5.5B for the year ended Dec 31, 2025 (FY25), down 5.5% from FY24. Net income was $1.0B, operating cash flow $1.4B and free cash flow $955M. Source: 10-K filed Feb 24, 2026.
Market cap
$39.2B
P/E
35.9
EV/EBITDA
22.6x
P/B
8.6
Div yield
0.61%
ROIC
24.3%
Revenue 1Y
−5.5%/yr
EPS 1Y
−11.7%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOKevin M. Freeman
HQThomasville, NC
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
LTL Service Revenue99%
Other Service Revenue1%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
23.3%
4.4%
−3.1%
35.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.3B deployed
Capex
$1.2B
35.5%
Dividends
$459M
13.7%
Buybacks
$1.7B
50.8%
Operating cash flow over the period: $3.0B. Total debt changed by −$20M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY22).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
5,815
5,496−5.5%
5,603
YoY
−5.5%
Operating income
1,544
1,361−11.8%
1,448
Operating margin
26.6%
24.8%−1.8 pp
—
EBITDA
1,889
1,726−8.6%
—
EBITDA margin
32.5%
31.4%−1.1 pp
—
Interest expense
0.2
0.3+39.6%
—
Interest coverage
8908.33x
5830.16x−3078.17x
—
Net income
1,186
1,024−13.7%
1,089
YoY
−13.7%
Net margin
20.4%
18.6%−1.8 pp
—
EPS (diluted, $)
5.48
4.84−11.7%
5.20
YoY
−11.7%
Balance sheet
Total assets
5,491
5,470−0.4%
5,736
Cash & short-term investments
109
120+10.5%
—
Accounts receivable
502
472−5.9%
—
Net PP&E
4,505
4,504−0.0%
—
Other assets
376
374−0.5%
—
Total liabilities
1,247
1,159−7.0%
1,188
Accounts payable
92
63−31.7%
—
Total debt
60
40−33.3%
20
Other liabilities
1,095
1,056−3.5%
—
Shareholders’ equity
4,245
4,311+1.6%
4,547
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,659
1,370−17.4%
1,394
Net income
1,186
1,024−13.7%
—
Depreciation & amortization
345
365+5.8%
—
Stock-based compensation
11
13+13.3%
—
Working capital & other
117
(31)−126.5%
—
Cash from investing
(751)
(366)n/m
—
Capex
(771)
(415)n/m
—
PP&E sold
20
49+141.1%
—
Investments bought
(30)
—
—
Other investing
30
0.1−99.7%
—
Cash from financing
(1,233)
(992)n/m
—
Debt repaid
(20)
(20)n/m
—
Dividends
(224)
(236)n/m
—
Buybacks
(967)
(730)n/m
—
Other financing
(22)
(6)n/m
—
Net change in cash
(325)
11n/m
—
Free cash flow (OCF − capex)
888
955+7.6%
1,115
Where the cash went
Operating cash flow
1,659
1,370−17.4%
1,394
Reinvested in the business
771
415−46.2%
—
% of operating cash flow
46.5%
30.3%
Capex
771
415−46.2%
279
Free cash flow
888
955+7.6%
1,115
YoY
+7.6%
Returned to shareholders
1,191
966−18.9%
—
% of free cash flow
134.1%
101.1%
Dividends
224
236+5.4%
—
Buybacks
967
730−24.5%
—
Change in total debt
—
(20)
—
Cash left over
—
(31)
—
FCF conversion (FCF ÷ net income)
74.9%
93.3%+18.4 pp
—
Owner earnings
—
974
—
Owner earnings margin
—
17.7%
—
Buyback yield
2.6%
2.2%−0.3 pp
—
Returns & ratios
ROIC (all capital)
28.0%
24.3%−3.7 pp
—
ROIC (operating)
23.9%
20.8%−3.1 pp
—
Net debt / EBITDA
−0.03x
−0.05x−0.02x
—
Debt / equity
0.01x
0.01x−0.00x
—
ROE
27.9%
23.7%−4.2 pp
—
ROA
21.6%
18.7%−2.9 pp
—
ROCE
31.2%
27.3%−3.9 pp
—
NOPAT
1,176
1,024−12.9%
—
Invested capital (operating)
4,915
4,913−0.0%
—
Invested capital (all)
4,196
4,231+0.8%
—
Reinvestment rate
—
−0.2%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,407
1,307
1,335
1,554
vs year-ago quarter
Operating income
361
304
317
465
Net income
271
229
238
351
vs year-ago quarter
Net margin
19.3%
17.6%
17.9%
22.6%
EPS (diluted, $)
1.28
1.10
1.14
1.68
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
5,517
5,470
5,657
5,736
Cash & equivalents
47
120
288
284
Total debt
85
40
40
20
Shareholders’ equity
4,263
4,311
4,400
4,547
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
437
310
374
273
Capex
94
46
63
77
Free cash flow
344
265
311
196
vs year-ago quarter