Old Dominion Freight Line, Inc.ODFL
NasdaqGS•Industrials•Trucking
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.
Old Dominion Freight Line, Inc. (ODFL) reported trailing twelve months revenue of $5.46B as of March 2026, a 4.8% decline year-over-year. Quarterly revenue reached $1.33B, reflecting a contraction in sales.
Old Dominion Freight Line, Inc. generated $1.01B in TTM net income, with quarterly EBITDA of $409.65M. The operating margin contracted from 24.6% to 23.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (23.8%) and net margin (17.9%) indicates moderate non-operating costs. Net margin has narrowed from 18.5% a year ago, reflecting increased costs or interest expense.
ODFL trades at a P/E of 39.2x (a premium multiple) and a P/S of 7.2x. The price-to-book ratio of 9.0x indicates a significant premium over book value.
The company generated $311.06M in free cash flow over the trailing twelve months, a 25.2% increase year-over-year, indicating cash generation ability. The balance sheet shows $5.66B in total assets with $20.00M in long-term debt against $4.40B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~25.3% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 26.7% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 5.8% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation