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ODFL

Old Dominion Freight Line, Inc.

ODFL

Old Dominion Freight Line, Inc. • NASDAQ
$135.29 ▲ 0.28% (+0.38)
Market Cap $28.29 B
52w High $226.43
52w Low $126.01
Dividend Yield 1.10%
P/E 27.22
Volume 587.56K
Outstanding Shares 209.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.407B ▼ $108.028M ▲ $270.947M ▲ 19.264% ▲ $1.28 ▲ $453.067M ▲
Q2-2025 $1.408B ▲ $97.278M ▼ $268.626M ▲ 19.082% ▲ $1.27 ▲ $447.885M ▲
Q1-2025 $1.375B ▼ $112.031M ▼ $254.66M ▼ 18.523% ▼ $1.2 ▼ $427.778M ▲
Q4-2024 $1.386B ▼ $132.294M ▲ $263.144M ▼ 18.988% ▼ $1.23 ▼ $424.01M ▼
Q3-2024 $1.47B $113.328M $308.58M 20.989% $1.44 $489.779M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $46.592M ▲ $5.517B ▼ $1.253B ▼ $4.263B ▲
Q2-2025 $24.057M ▼ $5.551B ▲ $1.32B ▲ $4.231B ▼
Q1-2025 $97.198M ▼ $5.491B ▼ $1.256B ▲ $4.235B ▼
Q4-2024 $108.676M ▲ $5.491B ▲ $1.247B ▼ $4.245B ▲
Q3-2024 $74.163M $5.426B $1.25B $4.176B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $270.947M ▲ $437.474M ▲ $-90.092M ▲ $-324.847M ▼ $22.535M ▲ $343.529M ▲
Q2-2025 $268.626M ▲ $285.847M ▼ $-185.234M ▼ $-173.754M ▲ $-73.141M ▼ $98.683M ▼
Q1-2025 $254.66M ▼ $336.519M ▼ $-82.917M ▲ $-265.08M ▼ $-11.478M ▼ $248.37M ▲
Q4-2024 $263.144M ▼ $401.059M ▼ $-166.945M ▲ $-199.601M ▲ $34.513M ▲ $230.14M ▲
Q3-2024 $308.58M $446.476M $-201.44M $-245.177M $-141K $203.715M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
L T L Service Revenue
L T L Service Revenue
 $1.37Bn ▲$1.36Bn ▼$1.40Bn ▲$1.39Bn ▼
Other Service Revenue
Other Service Revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue climbed strongly coming out of 2020, then leveled off and has slipped a bit from its recent peak as freight demand has cooled. What stands out is how well Old Dominion has protected its profitability through the slowdown: operating and net margins remain very high for a trucking business, even if earnings are down modestly from their best year. This suggests strong pricing discipline and good cost control, helped by a focus on higher‑quality, service‑sensitive freight rather than pure volume. The flip side is that growth is now more about mix and pricing than big volume expansion, so results can be sensitive to broader economic cycles and customer shipping patterns.

Balance Sheet

Balance Sheet The balance sheet looks conservative and sturdy. Assets and shareholder equity have grown steadily over the last few years, while debt remains very low, which reduces financial risk and interest burden. Cash balances move around year to year as the company invests in equipment and terminals, but overall the business appears comfortably funded from its own resources. This kind of structure gives Old Dominion flexibility to keep investing through freight cycles and cushions it against downturns or higher interest rate environments.

Cash Flow

Cash Flow Cash generation from the core business is consistently strong and has improved over time, even as revenue has flattened out. The company spends heavily on capital investments—mainly trucks, trailers, and service centers—but still tends to produce solid free cash flow after these outlays. In plain terms, Old Dominion is covering both its ongoing investment needs and still leaving a healthy surplus. That pattern points to a mature, efficient operation, though it does depend on continued discipline in both pricing and cost management.

Competitive Edge

Competitive Edge Old Dominion occupies a premium spot in the less‑than‑truckload market, built around very high on‑time performance and very low damage rates. Its dense, company‑built network of service centers and modern fleet make it hard for rivals to match its combination of speed, reliability, and consistency. This service quality allows the company to compete on value rather than just price, which helps support its strong margins. However, the LTL market remains competitive and cyclical, so maintaining this edge will require ongoing investment and careful management of labor, capacity, and customer mix.

Innovation and R&D

Innovation and R&D Innovation at Old Dominion is practical and operations‑focused rather than laboratory‑style research. The company has layered in advanced route planning, real‑time tracking, mobile scanning, and RFID across its network, and is steadily weaving in artificial intelligence and data analytics to optimize routing, maintenance, safety, and customer service. It also invests heavily in its physical network and fleet, which is effectively a form of ongoing R&D in efficiency and service quality. The key opportunity is to keep turning these technologies into lower costs and better reliability, while the main risk is that competitors also accelerate their digital and automation efforts.

Summary

Old Dominion combines a high‑quality, service‑driven LTL franchise with a very strong financial profile. Profitability and cash generation remain impressive even as revenue has cooled from peak levels, and the balance sheet is conservative with minimal debt. The company’s dense network, operational discipline, and technology investments give it a clear competitive edge, but it still operates in a cyclical, competitive industry that can pressure volumes and pricing. Overall, it looks like a well‑run, efficiency‑focused carrier that emphasizes long‑term investment in service quality and network strength over short‑term gains.

NEWS

October 29, 2025 · 7:00 AM UTC

Old Dominion Freight Line Reports Third Quarter 2025 Earnings Per Diluted Share of $1.28

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October 23, 2025 · 7:00 AM UTC

Old Dominion Freight Line Announces $0.28 Per Share Quarterly Cash Dividend

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October 20, 2025 · 7:00 AM UTC

Old Dominion Freight Line, Inc. Announces General Rate Increase

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October 17, 2025 · 4:10 PM UTC

Old Dominion Freight Line Releases 2024 Sustainability Report

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October 7, 2025 · 7:00 AM UTC

Old Dominion Freight Line Selected #1 National LTL Carrier for Quality for a Record Breaking 16 Years Straight

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