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Old Dominion Freight Line (ODFL) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Industrials•Trucking
B
GoodMetricSide Score: 72/100
ProfitabilityProfit30/30
GrowthGrowth6/25
Balance SheetBalance21/25
Cash QualityCash15/20
Price & Volume
Market Cap $45.33B

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.

Moat Signals

Competitive analysis based on 61 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~25.3% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 26.7% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 61 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

D/E ratio is 0.0 — conservative capital structure with low financial risk.

Revenue Decline

Red Flag

Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 3.7% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$5.46B
4.8%
Q. Revenue
$1.33B
TTM EBITDA
$1.71B
7.4%
TTM Op. Income
$1.34B
10.4%
Q. Op. Income
$317.34M
TTM Net Income
$1.01B
12.3%
Q. Net Income
$238.26M
EPS
$1.14
Shares Out.
$208.28M
1.9%
$5.46B in TTM revenue declined 4.8% YoY, reaching $1.33B last quarter. TTM EBITDA of $1.71B and TTM operating income of $1.34B shows growth is flowing through. Net income of $1.01B TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
30.7%
Op. Margin
23.8%
3.3%
Net Margin
17.9%
3.6%
Op. margin of 23.8% is down 0.8% YoY — costs are rising relative to revenue. Net margin at 17.9%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
45.0x
P/S Ratio
8.3x
P/B Ratio
10.3x
At 45.0x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 8.3x and P/B of 10.3x provide additional context. The premium P/E is not backed by strong revenue growth — the stock may be overvalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$5.66B
Cash
$288.08M
Long-Term Debt
$20.00M
Book Value
$4.40B
D/E Ratio
0.0
Debt/EBITDA
0.0
With $5.66B in assets and $20.00M in long-term debt, the D/E of 0.0and book value of $4.40B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$373.63M
Free Cash Flow
$311.06M
25.2%
FCF Margin
5.7%
FCF / Net Income
1.3
FCF of $311.06M on $373.63M in operating cash flow. The FCF / Net Income ratio of 0.3x indicates partial cash conversion — earnings quality needs attention.

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