Tearsheet

Old Dominion Freight Line (ODFL)


Market Price (9/16/2025): $145.23 | Market Cap: $30.7 Bil
Sector: Industrials | Industry: Cargo Ground Transportation

Old Dominion Freight Line (ODFL)


Market Price (9/16/2025): $145.23
Market Cap: $30.7 Bil
Sector: Industrials
Industry: Cargo Ground Transportation

Investment Highlights

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
Weak multi-year price returns
2Y Excs Rtn is -78%, 3Y Excs Rtn is -52%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.9%, Rev Chg QQuarterly Revenue Change % is -6.1%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
  
2 Low stock price volatility
Vol 12M is 40%
  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
2 Low stock price volatility
Vol 12M is 40%
3 Weak multi-year price returns
2Y Excs Rtn is -78%, 3Y Excs Rtn is -52%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.9%, Rev Chg QQuarterly Revenue Change % is -6.1%

Market Valuation

 9/16/252024202320222021
Share Price CYE$145.23$175.49$200.57$139.81$175.82
Market Cap CYE ($ Bil)30.737.443.730.940.4
Total Debt ($ Bil)0.20.10.10.10.1
Total Cash ($ Bil)0.00.10.40.20.7
Enterprise Value ($ Bil)30.837.543.831.040.5
Valuation Ratios     
P/S TTM5.46.57.65.17.9
P/EBIT TTM21.424.426.917.329.8
P/E TTM28.032.035.823.140.1
Sector Ratios     
P/S TTM (Sector)1.61.41.41.11.6
P/EBIT TTM (Sector)11.410.210.08.312.1
P/E TTM (Sector)16.613.714.011.215.6
 9/16/2520242023
Share Price CYE$145.23$175.49$200.57
Market Cap CYE ($ Bil)30.737.443.7
Total Debt ($ Bil)0.20.10.1
Total Cash ($ Bil)0.00.10.4
Enterprise Value ($ Bil)30.837.543.8
Valuation Ratios   
P/S TTM5.46.57.6
P/EBIT TTM21.424.426.9
P/E TTM28.032.035.8
Sector Ratios   
P/S TTM (Sector)1.61.41.4
P/EBIT TTM (Sector)11.410.210.0
P/E TTM (Sector)16.613.714.0

Business Description

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ODFL Return55%84%-20%43%-13%-17%135%
Peers Return30%41%-15%54%10%-7%147%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: XPO, R, WERN, ODFL, JBHT. See ODFL Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Latest Trefis Analyses

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Peer Comparisons for Old Dominion Freight Line

Financials

ODFLXPORWERNJBHTMedian
NameOld Domi.XPO Ryder Sy.Werner E.JB Hunt . 
Mkt Price145.25133.92187.4028.32136.35136.35
Mkt Cap30.715.77.71.713.313.3
Rev LTM5,6398,00812,7172,96612,0648,008
Op Inc LTM1,4326951,11185807807
FCF LTM78112328-120600123
FCF 3Y Avg823-219-443-115321-115
CFO LTM1,4708052,5902071,4621,462
CFO 3Y Avg1,5757542,4093541,6751,575

Growth & Margins

ODFLXPORWERNJBHTMedian
NameOld Domi.XPO Ryder Sy.Werner E.JB Hunt . 
Rev Chg LTM-5.5%1.9%3.1%-6.4%-2.2%-2.2%
Rev Chg 3Y Avg-1.9%10.0%3.9%-0.9%-4.7%-0.9%
Rev Chg Q-6.1%-3.2%-0.4%-1.0%-0.0%-1.0%
QoQ Delta Rev Chg LTM-1.6%-0.8%-0.1%-0.3%-0.0%-0.3%
Op Mgn LTM25.4%8.7%8.7%2.9%6.7%8.7%
Op Mgn 3Y Avg27.3%7.7%9.1%4.8%7.4%7.7%
QoQ Delta Op Mgn LTM-0.7%-0.0%0.0%1.3%-0.1%-0.0%
CFO/Rev LTM26.1%10.1%20.4%7.0%12.1%12.1%
CFO/Rev 3Y Avg26.9%9.6%19.3%11.1%13.1%13.1%
FCF/Rev LTM13.8%1.5%0.2%-4.0%5.0%1.5%
FCF/Rev 3Y Avg14.1%-2.8%-3.6%-3.6%2.6%-2.8%

Valuation

ODFLXPORWERNJBHTMedian
NameOld Domi.XPO Ryder Sy.Werner E.JB Hunt . 
Mkt Cap30.715.77.71.713.313.3
P/S5.42.00.60.61.11.1
P/EBIT21.422.57.116.016.316.3
P/E28.040.315.232.924.028.0
P/CFO20.919.53.08.39.19.1
Total Yield4.3%2.5%8.4%5.0%5.5%5.0%
Dividend Yield0.7%0.0%1.8%2.0%1.3%1.3%
FCF Yield 3Y Avg2.2%-1.7%-9.8%-5.2%2.1%-1.7%
D/E0.00.31.10.40.10.3
Net D/E0.00.21.10.40.10.2

Returns

ODFLXPORWERNJBHTMedian
NameOld Domi.XPO Ryder Sy.Werner E.JB Hunt . 
1M Rtn-3.7%5.1%4.6%1.1%-4.9%1.1%
3M Rtn-8.7%9.3%25.9%0.5%-4.0%0.5%
6M Rtn-12.2%20.4%33.3%-5.4%-8.2%-5.4%
12M Rtn-24.1%22.3%38.3%-22.8%-18.2%-18.2%
3Y Rtn16.2%366.5%181.4%-23.4%-15.6%16.2%
1M Excs Rtn-6.0%1.8%1.2%-2.2%-7.9%-2.2%
3M Excs Rtn-19.8%0.5%17.2%-7.6%-12.9%-7.6%
6M Excs Rtn-27.6%7.6%17.3%-21.7%-25.2%-21.7%
12M Excs Rtn-41.7%11.1%25.1%-39.2%-37.6%-37.6%
3Y Excs Rtn-51.5%256.5%104.6%-89.5%-82.4%-51.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Less-than-truckload (LTL) services5,8056,1775,1773,9614,055
Other services6183795454
Total5,8666,2605,2564,0154,109


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity10,544,728
Short Interest: % Change Since 81520258.6%
Average Daily Volume1,891,625
Days-to-Cover Short Interest5.57
Basic Shares Quantity211,083,000
Short % of Basic Shares5.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2025-9.7%-9.2%-4.9%
4/23/20250.8%-1.6%8.0%
2/5/20255.4%12.0%-3.2%
10/23/2024-5.5%0.9%7.4%
7/24/20240.4%5.8%4.7%
4/24/2024-11.0%-17.1%-21.3%
1/31/2024-1.2%7.5%11.8%
10/25/2023-3.9%-2.4%4.6%
...
SUMMARY STATS   
# Positive141718
# Negative1076
Median Positive2.5%5.7%7.3%
Median Negative-4.2%-2.4%-6.3%
Max Positive10.3%15.9%21.6%
Max Negative-11.0%-17.1%-21.3%

SEC Filings

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Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024225202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023226202410-K 12/31/2023
93020231106202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023508202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021223202210-K 12/31/2021
93020211103202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Satterfield Adam NEVP and CFO3042025Buy175.932,457432,2604,150,892Form
1Gantt Greg C 2142025Sell205.876,4141,320,45021,465,241Form
2SUGGS LEO H 11122024Sell225.443,000676,3201,664,424Form
3CONGDON DAVID SExecutive Chairman11082024Sell226.3060,00013,578,000299,077,175Form
4Gantt Greg C 10292024Sell200.077,0001,400,49019,584,852Form