— Know what they know.
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Not Investment Advice

ODFL

NASDAQ · USD
Old Dominion Freight Line, Inc.
Industrials · Trucking
CEO Kevin Freeman Employees 20,591 R&D / revenue 0.0%
Last price
$187.72−0.61%last session
Market cap
$39.0B
P/E (TTM)
36.1x
From 52w high
−25.5%
From 52w low
+49.0%
1-year return
+36.8%
RSI 14 · vs SMA200
57.5 · −6.4%
IS score
69.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

ODFL   SPY   XLI (sector ETF) · weekly closes
100120140160180Jan 26Apr 26Jul 26Oct 26ODFL 137SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
86
Profitability
40
Growth
32
Value
69
Momentum
100
Risk (safety)
91
Quality
84
Balance sheet
78
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for ODFL (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 7 / 9Altman Z 25.8Beta 1.173 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $8.2M
Form 144 notices (12m): 7, $27.9M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-06-05
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+63
147 new holders, 75 closed
1,031 filers hold 79.8% · 400 added, 345 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+289
1,230 funds adding shares
941 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
76.2%
20-day avg 64.8%, 50-day avg 58.6%
Latest 11.4 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$5.5B
Revenue growth YoY−5.5%
Gross margin32.2%
Operating income$1.4B
Operating margin24.8%
Net income$1.0B
Net margin18.6%
EPS (diluted)$4.83
Cash flow
Operating cash flow$1.4B
Capital expenditure$415.0M
Free cash flow$955.1M
FCF conversion (FCF / OCF)69.7%
Stock-based compensation$12.9M
FCF less SBC$942.2M
Buybacks$730.3M
Dividends$235.6M
Balance sheet & returns
Cash & short-term investments$120.1M
Total debt$40.0M
Net cash$80.1M
Shareholders' equity$4.3B
Goodwill & intangibles$0
Debt / equity0.00
ROE (TTM)24.9%
ROIC (TTM)20.8%
Operating margin by fiscal year
26.5%FY202129.4%FY202228.0%FY202326.6%FY202424.8%FY2025
Revenue $5.3B (FY2021) to $5.5B (FY2025), a 1.1% CAGR.

Valuation

P/E (TTM)36.1x
EV / EBITDA21.4x
Price / sales6.97x
Price / FCF35.0x
FCF yield2.86%
Buyback yield1.87%
SBC / revenue0.2%
Price / book8.62x
Forward P/E FY202631.9x
Forward P/E FY202727.8x
Forward P/E FY202824.6x
Forward multiples divide today's price by Street EPS estimates. Street mean target $232.55 across 11 analysts last quarter is theirs, not ours.

ODFL vs industry median

37 companies in Trucking
Gross margin 31.7% 12.8% Operating margin 25.8% 2.3% Net margin 19.4% 0.3% ROIC 20.8% 1.0%
ODFL (TTM)Industry median Asset turnover 0.98 vs industry 1.05 · financial leverage 1.26

Earnings delivery

Next report 2026-10-28 · consensus EPS $1.61
83%
beat rate, 10 of 12 quarters
+3.6%
median EPS surprise
4
longest beat streak
+7+3+0+2+1+6+4-1+5+3+9+9
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
ODFL Old Dominion Freight Line, I $39.0B36.1x24.9%19.4%−5.5% +36.8%
XPO XPO Logistics, Inc. $21.9B54.4x21.6%6.9%+7.0% +42.4%
KNX Knight-Swift Transportation $10.5B241.5x0.6%2.1%+4.1% +39.5%
TFII TFI International Inc. $9.4B25.9x13.4%5.9%+6.7% +19.6%
SAIA Saia, Inc. $8.9B32.2x10.8%9.9%+4.8% +10.1%
SNDR Schneider National, Inc. $5.5B49.2x3.7%3.2%+6.2% —
RXO RXO, Inc. $4.7Bn/m-6.8%-0.5%+9.5% —
PAYX Paychex, Inc. $39.7B22.1x47.1%26.4%+14.0% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-09-22Officer/Director Change
2026-09-03Regulation FD; Exhibits
2026-07-29Earnings Release; Exhibits
2026-07-23Other Events; Exhibits
2026-06-03Regulation FD; Exhibits
2026-05-21Shareholder Vote; Other Events; Exhibits

Context

Shares outstanding207,968,283
Free float89.3%
Institutional ownership79.8%
Beta1.17
Dividend yield0.61%
Last dividend$0.29 on 2026-09-02
50 / 200-day average$189.68 / $200.85
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where ODFL sits among 13 scored companies in Trucking (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureODFLIndustry medianIndustry percentileSector median
P/E (TTM) 35.8x 54.1x
25th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 7.0x 1.1x
100th		 2.0x
Price / book 8.6x 1.9x
92nd		 2.9x
Price / tangible book 9.9x 3.5x
80th		 5.6x
Price / free cash flow 35.0x 35.0x
60th		 20.8x
Price / operating cash flow 28.0x 10.3x
92nd		 14.5x
Enterprise value $38.8B $5.4B
100th		 $4.8B
EV / sales 6.9x 1.1x
100th		 2.4x
EV / EBITDA 21.4x 9.8x
100th		 13.6x
EV / EBIT 26.8x 32.5x
33rd		 19.9x
EV / free cash flow 34.8x 34.8x
50th		 24.3x
Earnings yield 2.8% 0.6%
83rd		 3.3%
FCF yield 2.9% 2.9%
50th		 3.8%
Operating cash flow yield 3.6% 9.7%
8th		 6.2%
Graham number (per share) $50.58 $30.51
75th		 $38.21

Profitability (TTM)

MeasureODFLIndustry medianIndustry percentileSector median
Gross margin 31.7% 12.8%
92nd		 30.5%
EBITDA margin 32.4% 13.1%
100th		 14.3%
Operating margin 25.8% 3.0%
100th		 9.8%
EBIT margin 25.8% 2.9%
100th		 9.9%
Net margin 19.4% 0.6%
100th		 6.0%
NOPAT margin 19.4% 1.5%
100th		 7.8%
FCF margin 19.9% 4.6%
100th		 7.0%
Operating cash flow margin 24.9% 10.7%
100th		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 3.5% 3.0%
67th		 14.1%
Stock comp / revenue 0.2% 0.2%
75th		 0.6%
Effective tax rate 24.9% 23.2%
73rd		 21.0%

Returns on capital

MeasureODFLIndustry medianIndustry percentileSector median
ROE (on average equity) 24.8% 1.3%
100th		 11.9%
ROA 19.3% 0.7%
100th		 4.8%
ROIC 25.4% 1.6%
100th		 8.7%
ROCE 27.8% 2.0%
100th		 9.4%
Return on tangible assets 25.6% 1.8%
100th		 7.9%
Cash ROIC (OCF / invested capital) 32.5% 18.0%
100th		 12.8%
Gross profitability (GP / assets) 31.0% 14.6%
92nd		 19.2%
ROIC, 3-yr average 23.3% 3.4%
100th		 7.8%
ROIC, 5-yr average 31.3% 8.8%
100th		 8.6%
ROE, 5-yr average 29.8% 13.8%
100th		 12.5%
Incremental ROIC 158.9% 9.9%
82nd		 20.5%

Growth

MeasureODFLIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -0.6% 4.8%
25th		 8.6%
Revenue growth (QoQ) 16.4% 13.3%
67th		 9.9%
Revenue CAGR, 3 yr -2.0% -0.8%
33rd		 5.0%
Revenue CAGR, 5 yr 4.1% 4.3%
45th		 8.3%
Gross profit CAGR, 3 yr -5.8% -4.0%
42nd		 6.5%
Operating income CAGR, 3 yr -5.2% -29.6%
100th		 6.4%
Net income growth (TTM YoY) -0.5% -10.9%
88th		 11.3%
Net income CAGR, 3 yr -5.2% -35.3%
88th		 6.6%
EPS growth (TTM YoY) 1.1% -11.0%
88th		 13.3%
EPS CAGR, 3 yr -3.5% -34.9%
88th		 5.6%
EPS CAGR, 5 yr 7.2% -10.3%
88th		 8.3%
FCF growth (TTM YoY) 42.8% 42.8%
50th		 14.7%
FCF CAGR, 3 yr 19.9% 19.9%
50th		 12.2%
Operating cash flow CAGR, 3 yr -4.1% -7.7%
58th		 8.8%
Book value CAGR, 3 yr 7.8% 4.4%
75th		 7.3%
Dividend CAGR, 3 yr 3.0% 2.6%
56th		 2.7%
Sustainable growth rate 19.4% 1.4%
88th		 11.0%

Margin history & stability

MeasureODFLIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 33.6% 13.9%
100th		 30.6%
Operating margin, 3-yr average 26.4% 3.2%
100th		 10.0%
Net margin, 3-yr average 20.1% 2.4%
100th		 6.2%
FCF margin, 3-yr average 17.1% -0.6%
100th		 7.1%
Revenue stability (0-1) 0.38 0.38
50th		 0.81
Earnings stability (0-1) 0.05 0.39
0th		 0.47
Margin stability (0-1) 0.95 0.80
92nd		 0.90

Liquidity (latest quarter)

MeasureODFLIndustry medianIndustry percentileSector median
Cash & short-term investments $283.9M $168.4M
75th		 $249.6M
Net cash (− = net debt) $263.9M −$291.3M
100th		 −$666.5M
Working capital $472.6M $121.2M
100th		 $376.4M
Current ratio 1.89 1.27
92nd		 1.79
Quick ratio 1.89 1.27
92nd		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.53 0.23
83rd		 0.32
Defensive interval (days) 1,012 days 950 days
67th		 614 days

Leverage & solvency (latest quarter)

MeasureODFLIndustry medianIndustry percentileSector median
Total debt $20.0M $459.8M
8th		 $919.8M
Debt / equity 0.00 0.38
8th		 0.65
Net debt / equity −0.06 0.23
8th		 0.46
Debt / assets 0.3% 21.0%
8th		 29.3%
Debt / capital 0.4% 27.8%
8th		 39.5%
Debt / EBITDA 0.01 2.27
9th		 2.44
Net debt / EBITDA −0.15 1.10
9th		 1.86
Interest coverage (EBIT / interest) 2,182.9x 3.0x
100th		 5.0x
Cash interest coverage 2,102.7x 7.3x
100th		 6.1x
Debt payback (years of OCF) 0.0 yrs 1.9 yrs
8th		 3.2 yrs
Liabilities / assets 20.7% 48.3%
8th		 56.7%
IS credit model rating AAA — —
Implied credit spread (bps) 50 225
0th		 200

Efficiency

MeasureODFLIndustry medianIndustry percentileSector median
Asset turnover 0.99 1.04
42nd		 0.75
Fixed asset turnover 1.26 1.66
17th		 5.14
Inventory turnover —
Receivables turnover 10.0 8.8
92nd		 6.7
Days sales outstanding 37 days 41 days
8th		 54 days
Days inventory outstanding —
Days payables outstanding 8 days 20 days
0th		 41 days
Cash conversion cycle (days) 29 days 23 days
67th		 63 days
Capex / revenue 5.0% 6.3%
36th		 3.0%
Capex / depreciation 0.76 0.79
45th		 0.76
Operating expense ratio 5.1% 4.9%
58th		 17.7%

Cash flow & earnings quality

MeasureODFLIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.28 5.69
0th		 1.50
FCF / net income 1.02 1.97
25th		 1.15
FCF / operating cash flow 80.0% 38.3%
91st		 74.0%
Capex / operating cash flow 20.0% 61.7%
9th		 26.1%
Accruals ratio -5.4% -8.9%
92nd		 -4.0%
Sloan accruals ratio -1.6% -6.2%
92nd		 -2.4%
Earnings quality score (0-1) 0.75 0.75
0th		 1.00

Dividends & buybacks

MeasureODFLIndustry medianIndustry percentileSector median
Dividend yield 0.6% 0.9%
33rd		 0.6%
Dividend per share (TTM) $1.15 $0.40
92nd		 $0.44
Payout ratio (dividends / net income) 21.8% 60.8%
25th		 22.5%
Dividends / FCF 21.3% 21.3%
50th		 19.6%
Dividend growth (YoY) 5.3% 3.3%
56th		 5.6%
Buyback yield 1.4% 0.2%
92nd		 0.5%
Shareholder yield (dividends + buybacks) 2.0% 1.2%
83rd		 2.0%
Share count change (YoY) -1.6% 0.0%
25th		 0.0%
Buybacks, last 5 years $3.5B $4.0M
100th		 $76.0M

Scores & forensic checks

MeasureODFLIndustry medianIndustry percentileSector median
IS score 69 44
100th		 53
IS profitability 86 12
100th		 37
IS growth 40 40
50th		 54
IS value 32 40
17th		 47
IS momentum 69 60
67th		 76
IS risk (safety) 100 80
75th		 80
IS quality 91 61
100th		 67
IS balance sheet 84 53
92nd		 56
IS earnings quality 78 69
100th		 70
IS cash flow 84 58
100th		 54
Piotroski F-score (0-9) 7 6
58th		 6
Altman Z-score 25.8 3.4
100th		 3.3
Beneish M-score −2.62 −2.63
67th		 −2.52
Ohlson O-score −11.89 −7.20
0th		 −7.49
IS credit score 97 64
92nd		 65

Per share

MeasureODFLIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.22 $0.26
92nd		 $2.21
Book value per share $21.79 $21.28
58th		 $18.38
Tangible book per share $21.79 $9.40
83rd		 $4.39
Revenue per share $26.84 $47.34
17th		 $36.64
FCF per share $5.34 $4.14
67th		 $2.70
Operating cash flow per share $6.68 $5.56
58th		 $4.28
Cash per share $1.36 $1.36
50th		 $3.02

Size (TTM)

MeasureODFLIndustry medianIndustry percentileSector median
Market cap $39.0B $4.7B
100th		 $3.9B
Revenue $5.6B $4.2B
58th		 $2.7B
EBITDA $1.8B $278.9M
100th		 $394.8M
Net income $1.1B $16.3M
100th		 $136.3M
Free cash flow $1.1B $192.4M
92nd		 $162.9M
Total assets $5.7B $3.5B
75th		 $3.5B
Shareholders' equity $4.5B $1.5B
92nd		 $1.4B
Employees 20,591 14,000
75th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-22Jackman Worthing
Director
 Award / grant 545——545
2026-08-25Overbey Cecil E. Jr.
SVP - Strategic Development
 Open-market sale 19,952$198.39$4.0M22,746
2026-05-27Congdon David S
Director, Executive Chairman
 Gift 295,670——0
2026-05-20Davis Andrew Stephen
Director
 Award / grant 859——3,635
2026-05-20Stith Thomas A. Iii
Director
 Award / grant 859——4,817
2026-05-20Stallings Wendy T.
Director
 Award / grant 859——7,817
2026-05-20Smith Albert Randolph Ii
Director
 Award / grant 859——859
2026-05-20Gantt Greg C
Director
 Award / grant 859——89,410
2026-05-20Gabosch Bradley R
Director
 Award / grant 859——12,137
2026-05-20Kasarda John D.
Director
 Award / grant 859——16,223
2026-05-20Miller Cheryl
Director
 Award / grant 859——2,683
2026-05-20Aaholm Sherry A
Director
 Award / grant 859——12,739

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired119,135—
GiftDisposed3376,770—
Open-market saleDisposed542,059$8.2M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 7 notices · 144,384 shares · $27.9M
FiledFilerShares proposedEst. proceeds
2026-08-25Overbey Cecil E. Jr.19,952$4.0M
2026-05-04Gregory C Gantt22,107$4.5M
2026-02-26Congdon Earl E25,000$4.9M
2026-02-19Congdon David S52,000$10.1M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-06-05Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2025-10-07Ro KhannaHouseSale$1,001 - $15,0002025-11-14
2025-10-06Rick LarsenHouseSale$1,001 - $15,0002025-10-17
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-04-05Tommy TubervilleSenatePurchase$1,001 - $15,0002024-05-15
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.15,771,039$3.4B7.58%
FMR LLC12,695,818$2.7B6.10%
VANGUARD CAPITAL MANAGEMENT LLC12,099,217$2.6B5.82%
PRICE T ROWE ASSOCIATES INC /MD/9,783,717$2.1B4.70%
VANGUARD PORTFOLIO MANAGEMENT LLC8,717,811$1.9B4.19%
STATE STREET CORP8,279,956$1.8B3.98%
Invesco Ltd.7,314,156$1.6B3.52%
GEODE CAPITAL MANAGEMENT, LLC5,201,143$1.1B2.50%
Boston Partners3,711,156$805.3M1.78%
GOLDMAN SACHS GROUP INC3,330,223$721.3M1.60%
CIBC Bancorp USA Inc.3,209,121$695.1M1.54%
NORGES BANK2,980,836$645.6M1.43%
Bank of New York Mellon Corp2,499,163$541.3M1.20%
JPMORGAN CHASE & CO2,474,806$543.7M1.19%
MORGAN STANLEY2,338,668$506.6M1.12%

Institutional ownership by quarter

2023-092026-0679.8%
% of shares held by 13F filers
2023-092026-061,031
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,03179.8%14740034575
2026-03-3196878.4%16437130898
2025-12-3192280.9%17833231796
2025-09-3085775.5%99266388130
2025-06-3090475.6%13236231682
2025-03-3186978.5%77345330145
2024-12-3195079.0%14933336066
2024-09-3088279.3%9736231787
2024-06-3088078.9%101386303102
2024-03-3189076.0%967335188
2023-12-3189075.7%13934829566
2023-09-3082875.1%11028930759

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-06SCHEDULE 13GAbigail P. Johnson5.6%11,686,858
2026-02-13SCHEDULE 13G/ADavid S. Congdon3.7%7,844,895
2025-10-31SCHEDULE 13G/AThe Vanguard Group11.1%23,252,655
2025-08-14SCHEDULE 13G/AT. Rowe Price Associates, Inc.6.3%13,391,525
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$1.0B
VTSAX0.04%$1.0B
VSMPX0.04%$1.0B
VTI0.04%$1.0B
VFINX0.05%$852.0M
VOO0.05%$852.0M

Share structure

Shares outstanding207,968,283
Float185,714,811
Free float89.3%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$5.3B$6.3B$5.9B$5.8B$5.5B
Cost of revenue$3.5B$4.0B$3.8B$3.8B$3.7B
Gross profit$1.8B$2.3B$2.1B$2.0B$1.8B
R&D$0$0$0$0$0
SG&A$223.8M$258.9M$281.1M$309.7M$234.8M
Operating income$1.4B$1.8B$1.6B$1.5B$1.4B
EBITDA$1.7B$2.1B$2.0B$1.9B$1.7B
Pretax income$1.4B$1.8B$1.6B$1.6B$1.4B
Income tax$354.0M$464.2M$408.3M$371.5M$337.6M
Net income$1.0B$1.4B$1.2B$1.2B$1.0B
EPS, diluted$4.45$6.09$5.63$5.48$4.83
Diluted shares232.8M226.2M220.2M216.5M209.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$717.0M$235.7M$433.8M$108.7M$120.1M
Receivables$599.1M$605.1M$615.3M$527.7M$0
Inventory$0$0$0$0$0
Total current assets$1.4B$933.7M$1.1B$720.7M$694.8M
PP&E, net$3.2B$3.7B$4.1B$4.5B$4.5B
Goodwill & intangibles$0$0$0$0$0
Total assets$4.8B$4.8B$5.5B$5.5B$5.5B
Accounts payable$82.5M$106.3M$112.8M$91.8M$0
Total current liabilities$464.2M$529.8M$544.7M$540.5M$483.9M
Long-term debt$99.9M$80.0M$60.0M$40.0M$20.0M
Total liabilities$1.1B$1.2B$1.3B$1.2B$1.2B
Shareholders' equity$3.7B$3.7B$4.3B$4.2B$4.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.0B$1.4B$1.2B$1.2B$1.0B
Depreciation & amortization$259.9M$276.1M$324.4M$344.6M$364.7M
Stock-based compensation$15.0M$15.9M$11.1M$11.3M$12.9M
Change in working capital−$127.3M−$83.0M−$55.3M$84.2M−$40.5M
Operating cash flow$1.2B$1.7B$1.6B$1.7B$1.4B
Capital expenditure−$550.1M−$775.1M−$757.3M−$771.3M−$415.0M
Free cash flow$662.5M$916.4M$811.8M$888.0M$955.1M
Investing cash flow−$455.3M−$547.5M−$659.8M−$751.2M−$366.4M
Net debt issued / repaid$0$0−$20.0M−$20.0M−$20.0M
Buybacks−$536.5M−$1.3B−$453.6M−$967.3M−$730.3M
Dividends paid−$92.4M−$134.5M−$175.1M−$223.6M−$235.6M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin33.8%36.0%35.3%34.8%32.2%
Operating margin26.5%29.4%28.0%26.6%24.8%
Net margin19.7%22.0%21.1%20.4%18.6%
FCF margin12.6%14.6%13.8%15.3%17.4%
ROE29.5%37.6%31.3%27.9%23.9%
ROIC33.9%39.1%31.6%27.3%24.2%
ROA22.5%28.5%23.9%21.6%18.7%
Debt / equity0.030.030.020.040.01
Interest coverage805.6x1,177.6x3,549.1x7,348.2x4,601.8x
Current ratio2.981.762.101.331.44
Revenue growth+30.9%+19.1%−6.3%−0.9%−5.5%
EPS growth+56.7%+38.6%−8.8%−3.1%−11.0%
P/E at year end39.3x22.5x35.4x32.0x32.1x
EV / EBITDA at year end24.2x14.6x22.1x20.0x19.0x
FCF yield at year end1.63%2.96%1.85%2.34%2.90%
Dividend payout8.9%9.8%14.1%18.9%23.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
L T L Service Revenue$5.2B$6.2B$5.8B$5.8B$5.4B
Other Service Revenue$78.8M$83.0M$61.2M$53.7M$50.2M

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $1.61 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$6.0B$5.8B – $6.1B$5.88$5.62 – $6.001631.9x
2027$6.5B$6.1B – $6.9B$6.74$6.38 – $7.231627.8x
2028$7.0B$6.7B – $7.5B$7.64$7.33 – $8.10924.6x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$1.54$1.68+9.1%$1.5B$1.6B+0.9%
2026-04-29$1.05$1.14+8.6%$1.3B$1.3B+1.6%
2026-02-04$1.06$1.09+2.8%$1.3B$1.3B+0.6%
2025-10-29$1.22$1.28+4.9%$1.4B$1.4B+0.2%
2025-07-30$1.28$1.27−0.8%$1.4B$1.4B−0.6%
2025-04-23$1.14$1.19+4.4%$1.4B$1.4B+0.6%
2025-02-05$1.16$1.23+6.0%$1.4B$1.4B+0.8%
2024-10-23$1.42$1.43+0.7%$1.5B$1.5B−1.2%
2024-07-24$1.45$1.48+2.1%$1.5B$1.5B−0.0%
2024-04-24$1.34$1.340.0%$1.5B$1.5B−0.7%
2024-01-31$1.43$1.47+2.8%$1.5B$1.5B−0.1%
2023-10-25$1.45$1.55+6.9%$1.5B$1.5B−0.4%
2023-07-26$1.32$1.33+0.8%$1.5B$1.4B−4.0%
2023-04-26$1.35$1.29−4.4%$1.5B$1.4B−2.7%
2023-02-01$1.34$1.46+9.0%$1.5B$1.5B−0.5%
2022-10-26$1.53$1.68+9.8%$1.6B$1.6B−0.7%
2022-07-27$1.55$1.65+6.5%$1.6B$1.7B+1.1%
2022-04-27$1.19$1.30+9.2%$1.5B$1.5B+3.0%
2022-02-02$1.12$1.21+8.0%$1.4B$1.4B+2.1%
2021-10-27$1.19$1.24+4.2%$1.3B$1.4B+4.7%
2021-07-28$1.09$1.16+6.4%$1.3B$1.3B−1.2%
2021-04-22$0.79$0.85+7.6%$1.1B$1.1B+2.3%
2021-02-04$0.79$0.81+2.5%$1.0B$1.1B+2.6%
2020-10-27$0.76$0.86+13.2%$946.8M$1.1B+11.8%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-150.506-220.406-290.507-060.507-130.407-201.007-270.608-030.508-100.408-170.408-240.708-31
Week ofNotionalSharesTrades
2026-08-31$700.8M3,733,00583,964
2026-08-24$407.5M2,037,16757,456
2026-08-17$411.3M1,976,05659,394
2026-08-10$549.2M2,582,26463,470
2026-08-03$552.8M2,583,40469,743
2026-07-27$955.4M4,369,10987,304

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1576.2%
DateShort shareShort volumeTotal volume
2026-10-1576.2%594,242780,073
2026-10-1480.2%585,920730,167
2026-10-1373.7%548,593744,651
2026-10-1266.4%243,269366,572
2026-10-0960.5%433,682716,968
2026-10-0874.4%480,381645,415
2026-10-0768.0%478,839704,663
2026-10-0667.9%548,800808,216
2026-10-0574.4%517,598695,551
2026-10-0270.7%454,844643,451
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.9Jan+1.5Feb+2.5Mar+1.6Apr+1.4May+3.0Jun+4.5Jul-0.1Aug-3.7Sep+4.0Oct+3.8Nov+1.1Dec
MonthAvg returnUp yearsYears
Jan+2.9%65%20
Feb+1.5%55%20
Mar+2.5%57%21
Apr+1.6%55%20
May+1.4%45%20
Jun+3.0%65%20
Jul+4.5%60%20
Aug−0.1%45%20
Sep−3.7%35%20
Oct+4.0%75%20
Nov+3.8%75%20
Dec+1.1%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1457.5
MFI70.2
ADX33.8
Stochastic %K / %D92.0 / 93.8
Williams %R-18.7
CCI184
TSI / signal-2.6 / -18.6
Chaikin money flow0.13
ATR$4.88
Bollinger width9.4%
Volume vs 20-day avg0.95x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$179.40 (+4.6%)
SMA 50$189.09 (−0.7%)
SMA 200$200.54 (−6.4%)
EMA 21$182.39 (+2.9%)
EMA 50$189.15 (−0.8%)
EMA 200$194.20 (−3.3%)
Bollinger upper$187.85 (−0.1%)
Bollinger lower$170.95 (+9.8%)
Parabolic SAR$179.63 (+4.5%)
Open the live chart, 110+ indicators

About Old Dominion Freight Line, Inc.

Old Dominion Freight Line, Inc. (ODFL) serves as a prominent less-than-truckload (LTL) freight carrier operating across the United States and North America. The company's offerings include LTL shipping solutions at regional, inter-regional, and national levels, often featuring expedited delivery options. Furthermore, ODFL provides a variety of supplementary services, such as container drayage, truckload brokerage, and supply chain consultancy. As of December 31, 2021, its extensive infrastructure comprised 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers, supported by 3 fleet maintenance centers and 251 service facilities. Founded in 1934, Old Dominion Freight Line, Inc. has its corporate headquarters situated in Thomasville, North Carolina.

https://www.odfl.com

Key executives

NameTitlePayBorn
Kevin FreemanPresident, Chief Executive Officer & Director$9.2M1959
Adam N. SatterfieldExecutive Vice President, Assistant Secretary & Chief Financial Officer$4.8M1975
Gregory PlemmonsExecutive Vice President & Chief Operating Officer$4.8M1966
Earl E. CongdonChairman Emeritus & Senior Advisor$3.8M1931
Cecil E. Overbey Jr.Senior Vice President of Strategic Development$3.0M1962
Ross H. ParrSenior Vice President of Legal Affairs, General Counsel & Secretary$3.0M1972
David S. CongdonExecutive Chairman of the Board$2.7M1957
Jack Lawrence AtkinsDirector of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Kevin M. Freeman President and Chief Executive Officer2025$1.0M$2.4M$8.2M$11.6M
Adam N. Satterfield Executive Vice President, Chief Financial Officer and Assistant Secretary2025$678,541$1.6M$4.1M$6.4M
Gregory B. Plemmons Executive Vice President and Chief Operating Officer2025$678,541$1.6M$4.1M$6.4M
Cecil E. Overbey, Jr. Senior Vice President - Strategic Development2025$541,732$903,003$2.5M$3.9M
Ross H. Parr Senior Vice President - Legal Affairs, General Counsel and Secretary2025$541,732$903,003$2.5M$3.9M

Employees

21k201820k201920k202024k202123k202223k202322k202421k2025

Dividends

Ex-dateAmountPaid
2026-09-02$0.292026-09-16
2026-06-03$0.292026-06-17
2026-03-04$0.292026-03-18
2025-12-03$0.282025-12-17
2025-09-03$0.282025-09-17
2025-06-04$0.282025-06-18
2025-03-05$0.282025-03-19
2024-12-04$0.262024-12-18

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage65
Intangibles51
Switching costs28
Network effect45
Efficient scale95
Our component scores (0-100) and overall 53.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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