Old Dominion Freight Line, Inc. (ODFL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.53	$1.68	+9.8%	—	$1.6B	—
Q1 26	$1.05	$1.14	+8.6%	—	$1.3B	—
Q4 25	$1.06	$1.09	+2.8%	—	$1.3B	—
Q3 25	$1.22	$1.28	+4.9%	—	$1.4B	—
Q2 25	$1.29	$1.27	-1.6%	—	$1.4B	—
Q1 25	$1.14	$1.19	+4.4%	—	$1.4B	—
Q4 24	$1.16	$1.23	+6.0%	—	$1.4B	—
Q3 24	$1.42	$1.43	+0.7%	—	$1.5B	—
Q2 24	$1.45	$1.48	+2.1%	—	$1.5B	—
Q1 24	$1.34	$1.34	0.0%	—	$1.5B	—
Q4 23	$1.42	$1.47	+3.5%	—	$1.5B	—
Q3 23	$1.45	$1.55	+6.9%	—	$1.5B	—
Q2 23	$1.32	$1.3	-1.5%	—	$1.4B	—
Q1 23	$1.35	$1.29	-4.4%	—	$1.4B	—
Q4 22	$1.34	$1.46	+9.0%	—	$1.5B	—
Q3 22	$1.54	$1.68	+9.1%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.86	—	—	$5.5B	—
FY24	—	$5.51	—	—	$5.8B	—
FY23	—	$5.67	—	—	$5.9B	—
FY22	—	$6.13	—	—	$6.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3B	$3.4B	$4B	$4.1B	$4B	$5.3B	$6.3B	$5.9B	$5.8B	$5.5B
YoY change	+0.64%	+12.3%	+20.4%	+1.62%	-2.29%	+30.9%	+19.1%	-6.29%	-0.88%	-5.48%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3B	3.4B	4B	4.1B	4B	5.3B	6.3B	5.9B	5.8B	5.5B
Cost of revenue	2.2B	2.5B	2.9B	2.9B	2.8B	3.5B	4B	3.8B	3.8B	3.7B
Gross profit	744.6M	875.4M	1.1B	1.2B	1.2B	1.8B	2.3B	2.1B	2B	1.8B
Gross margin	24.9%	26.1%	28.3%	28.5%	30.6%	33.8%	36%	35.3%	34.8%	33%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	152.4M	177.2M	194.4M	206.1M	184.2M	223.8M	258.9M	281.1M	309.7M	282.5M
Operating expenses	168.4M	199.7M	215M	234.7M	204.8M	250M	274.3M	285.9M	334.1M	315.4M
Operating income	483.8M	575.9M	817.1M	818.7M	906.9M	1.4B	1.8B	1.6B	1.5B	1.4B
Operating margin	16.2%	17.1%	20.2%	19.9%	22.6%	26.5%	29.4%	28%	26.6%	24.8%
Non-operating income, net	-2M	1.4M	-4.5M	-1.1M	-4.6M	-2.2M	-2.6M	-5.2M	-3.2M	-3.6M
Pretax income	477.6M	575.8M	815.5M	823.9M	901.4M	1.4B	1.8B	1.6B	1.6B	1.4B
Income tax	181.8M	112.1M	209.8M	208.4M	228.7M	354M	464.2M	408.3M	371.5M	337.6M
Net income	295.8M	463.8M	605.7M	615.5M	672.7M	1B	1.4B	1.2B	1.2B	1B
Net margin	9.89%	13.8%	15%	15%	16.8%	19.7%	22%	21.1%	20.4%	18.6%
EBITDA	671.8M	783.7M	1B	1.1B	1.2B	1.7B	2.1B	2B	1.9B	1.7B
EPS	1.19	1.88	2.46	2.56	2.85	4.47	6.13	5.67	5.51	4.86
Diluted EPS	1.19	1.88	2.46	2.55	2.84	4.45	6.09	5.63	5.48	4.84

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.5B	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B	1.6B
Cost of revenue	959.4M	967M	956.1M	961.4M	955M	919.5M	924.8M	933.8M	927.7M	894.8M	905.1M	990.5M
Gross profit	555.9M	528.6M	504M	537.3M	515.2M	466.3M	450.1M	474M	478.8M	412.5M	429.6M	563.5M
Gross margin	36.7%	35.3%	34.5%	35.9%	35%	33.6%	32.7%	33.7%	34%	31.6%	32.2%	36.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	68.5M	80.5M	74.8M	71.7M	73.3M	90M	68.2M	69.8M	73.4M	71.1M	74.4M	73.5M
Operating expenses	74.4M	72M	81.7M	79.3M	76.6M	96.5M	76.4M	81.1M	83.4M	74.5M	79.2M	63.9M
Operating income	445M	421M	386.4M	421.7M	401.9M	334M	338.1M	357.9M	360.8M	304.3M	317.3M	465.3M
Operating margin	29.4%	28.2%	26.5%	28.1%	27.3%	24.1%	24.6%	25.4%	25.7%	23.3%	23.8%	29.9%
Non-operating income, net	-861K	-913K	-879K	-1.1M	-523K	-723K	-1.1M	-1.4M	-1.1M	-60K	-1.6M	-198K
Pretax income	446.4M	425.3M	392.9M	426.4M	403.1M	335.2M	338.6M	357.2M	360.3M	305.1M	317.7M	467.5M
Income tax	107.1M	102.5M	100.6M	104.4M	94.5M	72M	84M	88.6M	89.4M	75.7M	79.4M	116.9M
Net income	339.3M	322.8M	292.3M	322M	308.6M	263.1M	254.7M	268.6M	270.9M	229.5M	238.3M	350.6M
Net margin	22.4%	21.6%	20%	21.5%	21%	19%	18.5%	19.1%	19.3%	17.6%	17.9%	22.6%
EBITDA	530.5M	510.1M	477.5M	511.1M	489.8M	424M	427.8M	447.9M	452.5M	398.1M	410.3M	559.3M
EPS	1.55	1.48	1.34	1.49	1.44	1.23	1.2	1.27	1.29	1.1	1.14	1.69
Diluted EPS	1.54	1.47	1.34	1.48	1.43	1.23	1.19	1.27	1.28	1.09	1.14	1.68

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.1B	10.8B	10.1B	15.2B	23B	41.4B	31.9B	44.4B	38B	33B	36.7B
Enterprise value	7.2B	10.8B	10B	14.9B	22.3B	40.8B	31.7B	44B	37.9B	32.9B	35.7B
Shares outstanding	249.3M	246.9M	245.8M	240.8M	235.5M	231.3M	224.7M	218.8M	215.3M	210.5M	210.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.1	23.3	16.7	24.8	34.2	40.1	23.1	35.8	32	32.2	33.3
P/S	2.38	3.22	2.5	3.71	5.72	7.89	5.09	7.56	6.53	6.01	6.41
P/B	3.85	4.76	3.77	4.95	6.91	11.3	8.73	10.4	8.95	7.66	7.91
EV/EBITDA	10.8	13.8	9.53	13.8	19.2	24.7	15	22.3	19.9	19.1	19.9
EV/Sales	2.42	3.21	2.47	3.62	5.57	7.77	5.07	7.5	6.52	5.99	6.37
Earnings yield	4.15%	4.28%	5.99%	4.04%	2.93%	2.5%	4.32%	2.79%	3.12%	3.1%	3%
FCF yield	2.07%	1.42%	3.08%	3.31%	3.08%	1.6%	2.87%	1.83%	2.34%	2.89%	2.65%
PEG	—	—	—	—	—	—	—	—	—	—	1.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.9%	26.1%	28.3%	28.5%	30.6%	33.8%	36%	35.3%	34.8%	33%	36.3%
Operating margin	16.2%	17.1%	20.2%	19.9%	22.6%	26.5%	29.4%	28%	26.6%	24.8%	28.8%
Net margin	9.89%	13.8%	15%	15%	16.8%	19.7%	22%	21.1%	20.4%	18.6%	19.4%
ROE	16%	20.4%	22.6%	20%	20.2%	28.1%	37.7%	29.1%	27.9%	23.7%	24.8%
ROA	11%	15.1%	17.1%	15.4%	15.4%	21.5%	28.5%	22.5%	21.6%	18.7%	15.8%
ROIC	15.4%	20.7%	23.9%	22.5%	25.1%	33.9%	39.1%	31.6%	28%	24.2%	25.4%
Return on tangible assets	11.1%	15.3%	17.3%	15.6%	15.4%	21.5%	28.5%	22.5%	21.6%	18.7%	19%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.1	1.33	1.44	1.89
Quick ratio	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.1	1.33	1.44	1.89
Debt / equity	0.06	0.04	0.02	0.01	0.03	0.03	0.03	0.02	0.01	0.01	0
Debt / assets	0.04	0.03	0.01	0.01	0.02	0.02	0.02	0.01	0.01	0.01	0
Net debt / EBITDA	0.14	-0.04	-0.14	-0.33	-0.54	-0.37	-0.06	-0.18	-0.03	-0.05	-0.15
Interest coverage	111.2	268.3	4.3K	2.2K	325	805	1.2K	3.6K	7.3K	4.6K	2.2K
Effective tax rate	38.1%	19.5%	25.7%	25.3%	25.4%	25.5%	25.2%	24.8%	23.9%	24.8%	24.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12	13.6	16.5	17.1	17.1	22.7	27.9	26.8	27	26.1	26.9
EPS (basic)	1.19	1.88	2.46	2.56	2.85	4.47	6.13	5.67	5.51	4.86	4.86
EPS (diluted)	1.19	1.88	2.46	2.55	2.84	4.45	6.09	5.63	5.48	4.84	5.2
Book value per share	7.42	9.22	10.9	12.8	14.1	15.9	16.3	19.5	19.7	20.5	21.9
FCF per share	0.59	0.62	1.27	2.1	3.01	2.86	4.08	3.71	4.12	4.54	5.34
Cash per share	0.04	0.52	0.77	1.68	3.11	3.1	1.05	1.98	0.5	0.57	1.37
Capex per share	1.63	1.5	2.37	1.97	0.94	2.29	3.35	3.24	3.49	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	13.6%	11%	14.4%	11.5%	5.51%	10.1%	12%	12.1%	12.9%	—	—
Capex / operating cash flow	70.2%	67.7%	64.3%	47.9%	23.7%	42.8%	43.9%	43.4%	45.6%	—	—
Payout ratio	0%	7.1%	7.03%	8.86%	10.6%	8.93%	9.77%	14.1%	18.9%	23%	21.9%
Dividend yield	0%	0.3%	0.42%	0.36%	0.31%	0.22%	0.42%	0.39%	0.59%	0.71%	0.66%

Yield

0.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.29

ex-dividend Sep 2, 2026

Payout ratio

22%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2026	$0.29
Jun 3, 2026	$0.29
Mar 4, 2026	$0.29
Dec 3, 2025	$0.28
Sep 3, 2025	$0.28
Jun 4, 2025	$0.28
Mar 5, 2025	$0.28
Dec 4, 2024	$0.26

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.53	$1.68	+9.8%	—	$1.6B	—
Q1 26	$1.05	$1.14	+8.6%	—	$1.3B	—
Q4 25	$1.06	$1.09	+2.8%	—	$1.3B	—
Q3 25	$1.22	$1.28	+4.9%	—	$1.4B	—
Q2 25	$1.29	$1.27	-1.6%	—	$1.4B	—
Q1 25	$1.14	$1.19	+4.4%	—	$1.4B	—
Q4 24	$1.16	$1.23	+6.0%	—	$1.4B	—
Q3 24	$1.42	$1.43	+0.7%	—	$1.5B	—
Q2 24	$1.45	$1.48	+2.1%	—	$1.5B	—
Q1 24	$1.34	$1.34	0.0%	—	$1.5B	—
Q4 23	$1.42	$1.47	+3.5%	—	$1.5B	—
Q3 23	$1.45	$1.55	+6.9%	—	$1.5B	—
Q2 23	$1.32	$1.3	-1.5%	—	$1.4B	—
Q1 23	$1.35	$1.29	-4.4%	—	$1.4B	—
Q4 22	$1.34	$1.46	+9.0%	—	$1.5B	—
Q3 22	$1.54	$1.68	+9.1%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.86	—	—	$5.5B	—
FY24	—	$5.51	—	—	$5.8B	—
FY23	—	$5.67	—	—	$5.9B	—
FY22	—	$6.13	—	—	$6.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3B	$3.4B	$4B	$4.1B	$4B	$5.3B	$6.3B	$5.9B	$5.8B	$5.5B
YoY change	+0.64%	+12.3%	+20.4%	+1.62%	-2.29%	+30.9%	+19.1%	-6.29%	-0.88%	-5.48%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3B	3.4B	4B	4.1B	4B	5.3B	6.3B	5.9B	5.8B	5.5B
Cost of revenue	2.2B	2.5B	2.9B	2.9B	2.8B	3.5B	4B	3.8B	3.8B	3.7B
Gross profit	744.6M	875.4M	1.1B	1.2B	1.2B	1.8B	2.3B	2.1B	2B	1.8B
Gross margin	24.9%	26.1%	28.3%	28.5%	30.6%	33.8%	36%	35.3%	34.8%	33%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	152.4M	177.2M	194.4M	206.1M	184.2M	223.8M	258.9M	281.1M	309.7M	282.5M
Operating expenses	168.4M	199.7M	215M	234.7M	204.8M	250M	274.3M	285.9M	334.1M	315.4M
Operating income	483.8M	575.9M	817.1M	818.7M	906.9M	1.4B	1.8B	1.6B	1.5B	1.4B
Operating margin	16.2%	17.1%	20.2%	19.9%	22.6%	26.5%	29.4%	28%	26.6%	24.8%
Non-operating income, net	-2M	1.4M	-4.5M	-1.1M	-4.6M	-2.2M	-2.6M	-5.2M	-3.2M	-3.6M
Pretax income	477.6M	575.8M	815.5M	823.9M	901.4M	1.4B	1.8B	1.6B	1.6B	1.4B
Income tax	181.8M	112.1M	209.8M	208.4M	228.7M	354M	464.2M	408.3M	371.5M	337.6M
Net income	295.8M	463.8M	605.7M	615.5M	672.7M	1B	1.4B	1.2B	1.2B	1B
Net margin	9.89%	13.8%	15%	15%	16.8%	19.7%	22%	21.1%	20.4%	18.6%
EBITDA	671.8M	783.7M	1B	1.1B	1.2B	1.7B	2.1B	2B	1.9B	1.7B
EPS	1.19	1.88	2.46	2.56	2.85	4.47	6.13	5.67	5.51	4.86
Diluted EPS	1.19	1.88	2.46	2.55	2.84	4.45	6.09	5.63	5.48	4.84

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.5B	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B	1.6B
Cost of revenue	959.4M	967M	956.1M	961.4M	955M	919.5M	924.8M	933.8M	927.7M	894.8M	905.1M	990.5M
Gross profit	555.9M	528.6M	504M	537.3M	515.2M	466.3M	450.1M	474M	478.8M	412.5M	429.6M	563.5M
Gross margin	36.7%	35.3%	34.5%	35.9%	35%	33.6%	32.7%	33.7%	34%	31.6%	32.2%	36.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	68.5M	80.5M	74.8M	71.7M	73.3M	90M	68.2M	69.8M	73.4M	71.1M	74.4M	73.5M
Operating expenses	74.4M	72M	81.7M	79.3M	76.6M	96.5M	76.4M	81.1M	83.4M	74.5M	79.2M	63.9M
Operating income	445M	421M	386.4M	421.7M	401.9M	334M	338.1M	357.9M	360.8M	304.3M	317.3M	465.3M
Operating margin	29.4%	28.2%	26.5%	28.1%	27.3%	24.1%	24.6%	25.4%	25.7%	23.3%	23.8%	29.9%
Non-operating income, net	-861K	-913K	-879K	-1.1M	-523K	-723K	-1.1M	-1.4M	-1.1M	-60K	-1.6M	-198K
Pretax income	446.4M	425.3M	392.9M	426.4M	403.1M	335.2M	338.6M	357.2M	360.3M	305.1M	317.7M	467.5M
Income tax	107.1M	102.5M	100.6M	104.4M	94.5M	72M	84M	88.6M	89.4M	75.7M	79.4M	116.9M
Net income	339.3M	322.8M	292.3M	322M	308.6M	263.1M	254.7M	268.6M	270.9M	229.5M	238.3M	350.6M
Net margin	22.4%	21.6%	20%	21.5%	21%	19%	18.5%	19.1%	19.3%	17.6%	17.9%	22.6%
EBITDA	530.5M	510.1M	477.5M	511.1M	489.8M	424M	427.8M	447.9M	452.5M	398.1M	410.3M	559.3M
EPS	1.55	1.48	1.34	1.49	1.44	1.23	1.2	1.27	1.29	1.1	1.14	1.69
Diluted EPS	1.54	1.47	1.34	1.48	1.43	1.23	1.19	1.27	1.28	1.09	1.14	1.68

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.1B	10.8B	10.1B	15.2B	23B	41.4B	31.9B	44.4B	38B	33B	36.7B
Enterprise value	7.2B	10.8B	10B	14.9B	22.3B	40.8B	31.7B	44B	37.9B	32.9B	35.7B
Shares outstanding	249.3M	246.9M	245.8M	240.8M	235.5M	231.3M	224.7M	218.8M	215.3M	210.5M	210.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.1	23.3	16.7	24.8	34.2	40.1	23.1	35.8	32	32.2	33.3
P/S	2.38	3.22	2.5	3.71	5.72	7.89	5.09	7.56	6.53	6.01	6.41
P/B	3.85	4.76	3.77	4.95	6.91	11.3	8.73	10.4	8.95	7.66	7.91
EV/EBITDA	10.8	13.8	9.53	13.8	19.2	24.7	15	22.3	19.9	19.1	19.9
EV/Sales	2.42	3.21	2.47	3.62	5.57	7.77	5.07	7.5	6.52	5.99	6.37
Earnings yield	4.15%	4.28%	5.99%	4.04%	2.93%	2.5%	4.32%	2.79%	3.12%	3.1%	3%
FCF yield	2.07%	1.42%	3.08%	3.31%	3.08%	1.6%	2.87%	1.83%	2.34%	2.89%	2.65%
PEG	—	—	—	—	—	—	—	—	—	—	1.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.9%	26.1%	28.3%	28.5%	30.6%	33.8%	36%	35.3%	34.8%	33%	36.3%
Operating margin	16.2%	17.1%	20.2%	19.9%	22.6%	26.5%	29.4%	28%	26.6%	24.8%	28.8%
Net margin	9.89%	13.8%	15%	15%	16.8%	19.7%	22%	21.1%	20.4%	18.6%	19.4%
ROE	16%	20.4%	22.6%	20%	20.2%	28.1%	37.7%	29.1%	27.9%	23.7%	24.8%
ROA	11%	15.1%	17.1%	15.4%	15.4%	21.5%	28.5%	22.5%	21.6%	18.7%	15.8%
ROIC	15.4%	20.7%	23.9%	22.5%	25.1%	33.9%	39.1%	31.6%	28%	24.2%	25.4%
Return on tangible assets	11.1%	15.3%	17.3%	15.6%	15.4%	21.5%	28.5%	22.5%	21.6%	18.7%	19%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.1	1.33	1.44	1.89
Quick ratio	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.1	1.33	1.44	1.89
Debt / equity	0.06	0.04	0.02	0.01	0.03	0.03	0.03	0.02	0.01	0.01	0
Debt / assets	0.04	0.03	0.01	0.01	0.02	0.02	0.02	0.01	0.01	0.01	0
Net debt / EBITDA	0.14	-0.04	-0.14	-0.33	-0.54	-0.37	-0.06	-0.18	-0.03	-0.05	-0.15
Interest coverage	111.2	268.3	4.3K	2.2K	325	805	1.2K	3.6K	7.3K	4.6K	2.2K
Effective tax rate	38.1%	19.5%	25.7%	25.3%	25.4%	25.5%	25.2%	24.8%	23.9%	24.8%	24.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12	13.6	16.5	17.1	17.1	22.7	27.9	26.8	27	26.1	26.9
EPS (basic)	1.19	1.88	2.46	2.56	2.85	4.47	6.13	5.67	5.51	4.86	4.86
EPS (diluted)	1.19	1.88	2.46	2.55	2.84	4.45	6.09	5.63	5.48	4.84	5.2
Book value per share	7.42	9.22	10.9	12.8	14.1	15.9	16.3	19.5	19.7	20.5	21.9
FCF per share	0.59	0.62	1.27	2.1	3.01	2.86	4.08	3.71	4.12	4.54	5.34
Cash per share	0.04	0.52	0.77	1.68	3.11	3.1	1.05	1.98	0.5	0.57	1.37
Capex per share	1.63	1.5	2.37	1.97	0.94	2.29	3.35	3.24	3.49	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	13.6%	11%	14.4%	11.5%	5.51%	10.1%	12%	12.1%	12.9%	—	—
Capex / operating cash flow	70.2%	67.7%	64.3%	47.9%	23.7%	42.8%	43.9%	43.4%	45.6%	—	—
Payout ratio	0%	7.1%	7.03%	8.86%	10.6%	8.93%	9.77%	14.1%	18.9%	23%	21.9%
Dividend yield	0%	0.3%	0.42%	0.36%	0.31%	0.22%	0.42%	0.39%	0.59%	0.71%	0.66%

Yield

0.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.29

ex-dividend Sep 2, 2026

Payout ratio

22%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2026	$0.29
Jun 3, 2026	$0.29
Mar 4, 2026	$0.29
Dec 3, 2025	$0.28
Sep 3, 2025	$0.28
Jun 4, 2025	$0.28
Mar 5, 2025	$0.28
Dec 4, 2024	$0.26

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.5B	$1.5B	$1.5B	$1.5B	$1.5B	$1.4B	$1.4B	$1.4B	$1.4B	$1.3B	$1.3B	$1.6B
YoY change	-5.51%	+0.26%	+1.24%	+6.05%	-2.97%	-7.34%	-5.84%	-6.07%	-4.33%	-5.67%	-2.92%	+10.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	10.2M	127.5M	190.3M	403.6M	731.7M	717M	235.7M	433.8M	108.7M	120.1M
Receivables	320.1M	394.2M	427.6M	397.6M	444.7M	567.5M	578.6M	578.9M	501.6M	471.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	382.6M	584.7M	706.2M	866.8M	1.2B	1.4B	933.7M	1.1B	720.7M	694.8M
Property, plant & equipment	3.7B	4B	4.6B	4.9B	4.8B	3.2B	3.7B	4.1B	4.5B	4.5B
Goodwill & intangibles	38.9M	38.9M	38.9M	38.9M	—	—	—	—	—	—
Total assets	2.7B	3.1B	3.5B	4B	4.4B	4.8B	4.8B	5.5B	5.5B	5.5B
Accounts payable	89.2M	73.7M	78.5M	70.3M	68.5M	82.5M	106.3M	112.8M	91.8M	62.7M
Short-term debt	—	50M	—	—	—	—	20M	20M	20M	20M
Total current liabilities	288.6M	351M	356.7M	366.1M	373.1M	464.2M	529.8M	544.7M	540.5M	483.9M
Long-term debt	105M	45M	45M	45M	99.9M	99.9M	80M	60M	40M	20M
Total liabilities	845.1M	791.6M	864.8M	914.9M	1B	1.1B	1.2B	1.3B	1.2B	1.2B
Shareholders' equity	1.9B	2.3B	2.7B	3.1B	3.3B	3.7B	3.7B	4.3B	4.2B	4.3B
Total debt	105M	95M	45M	45M	99.9M	99.9M	100M	80M	60M	40M
Net debt	94.8M	-32.5M	-145.3M	-358.6M	-301.5M	-362.6M	-86.3M	-353.8M	-48.7M	-80.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	206.6M	433.8M	581M	104.6M	74.2M	108.7M	97.2M	24.1M	46.6M	120.1M	288.1M	283.9M
Receivables	632.9M	578.9M	582.2M	578.1M	545.7M	501.6M	545.6M	530.5M	519M	471.9M	542.2M	594.5M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	954.2M	1.1B	1.3B	807.1M	735.1M	720.7M	734.4M	698.1M	663.8M	694.8M	926.2M	1B
Property, plant & equipment	4.1B	4.1B	4.1B	4.3B	4.4B	4.5B	4.5B	4.6B	4.6B	4.5B	4.5B	4.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	5.3B	5.5B	5.7B	5.3B	5.4B	5.5B	5.5B	5.6B	5.5B	5.5B	5.7B	5.7B
Accounts payable	115.7M	112.8M	97.7M	112.6M	99.3M	91.8M	84.2M	85.7M	81.9M	62.7M	94M	81M
Short-term debt	20M	20M	20M	20M	20M	20M	20M	20M	20M	20M	20M	20M
Total current liabilities	552.4M	544.7M	550.7M	552.8M	553.6M	540.5M	557.4M	506.9M	551.4M	483.9M	591.7M	531.4M
Long-term debt	60M	60M	60M	40M	40M	40M	40M	150M	65M	20M	20M	—
Total liabilities	1.2B	1.3B	1.2B	1.2B	1.3B	1.2B	1.3B	1.3B	1.3B	1.2B	1.3B	1.2B
Shareholders' equity	4.1B	4.3B	4.4B	4.1B	4.2B	4.2B	4.2B	4.2B	4.3B	4.3B	4.4B	4.5B
Total debt	80M	80M	80M	60M	60M	60M	60M	170M	85M	40M	40M	20M
Net debt	-126.6M	-353.8M	-501M	-14.3M	-14.2M	-48.7M	-37.2M	145.9M	38.4M	-80.1M	-248.1M	-263.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	295.8M	463.8M	605.7M	615.5M	672.7M	1B	1.4B	1.2B	1.2B	1B
Depreciation & amortization	189.9M	205.8M	230.4M	253.7M	261.3M	259.9M	276.1M	324.4M	344.6M	364.7M
Stock-based compensation	1.4M	3.2M	4.9M	16.7M	11.3M	15M	15.9M	11.1M	11.3M	12.9M
Change in working capital	58.2M	-44.1M	4.9M	79.2M	19.2M	-113.8M	-33.5M	-14.9M	68.2M	-35.7M
Operating cash flow	580.1M	546.1M	903.5M	989.3M	935.5M	1.2B	1.7B	1.6B	1.6B	1.4B
Capital expenditure	-407.4M	-369.9M	-581.3M	-473.6M	-221.4M	-530.5M	-753.1M	-708.7M	-751.2M	—
Investing cash flow	-407.4M	-367.7M	-580.4M	-473.6M	-551.7M	-455.3M	-547.5M	-659.8M	-751.2M	100K
Dividends paid	0	-32.9M	-42.6M	-54.6M	-71M	-92.4M	-134.5M	-175.1M	-223.6M	-235.6M
Share repurchases	-130.3M	-8M	-163.3M	-241M	-364.1M	-536.5M	-1.3B	-453.6M	-967.3M	-730.3M
Financing cash flow	-159.5M	-51.3M	-256.9M	-297M	-383.5M	-696.2M	-1.4B	-661.8M	-1.2B	-992.3M
Net change in cash	13.2M	127.1M	66.2M	218.7M	304K	89.1M	-253.6M	310.5M	-337.7M	377.9M
Free cash flow	147.6M	154.2M	311.8M	504.6M	707.9M	662.5M	916.4M	811.8M	888M	955.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	339.3M	322.8M	292.3M	322M	308.6M	263.1M	254.7M	268.6M	270.9M	229.5M	238.3M	350.6M
Depreciation & amortization	84.1M	84.7M	84.5M	84.6M	86.7M	88.8M	89.1M	90.7M	92.2M	92.7M	92.3M	91.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	430.9M	419.7M	384.6M	413.9M	401.8M	354.7M	351.2M	366.9M	437.5M	310.3M	373.6M	272.7M
Capital expenditure	-167.4M	-79.5M	-118M	-234.9M	-231.4M	-166.9M	-82.9M	-185.3M	—	—	—	—
Investing cash flow	-167.4M	-79.5M	-118M	-234.9M	-201.4M	-166.9M	-82.9M	-185.3M	0	0	—	—
Dividends paid	-43.7M	-43.6M	-56.6M	-56M	-55.6M	-55.4M	-59.5M	-59M	-58.7M	-58.4M	-60.5M	-60.2M
Share repurchases	-65.9M	-85.5M	-85.3M	-511.8M	-187.7M	-182.5M	-201.1M	-223.5M	-180.8M	-124.9M	-88.1M	-151.6M
Financing cash flow	-110.4M	-130M	-158.8M	-609.7M	-245.2M	-199.6M	-265.1M	-283.8M	-324.8M	-183.6M	-153M	-212.4M
Net change in cash	153.1M	210.2M	107.9M	-430.6M	-44.8M	-11.8M	3.2M	-102.1M	112.6M	126.7M	220.6M	60.3M
Free cash flow	257.3M	330.7M	304.4M	149.7M	203.7M	230.1M	248.4M	98.7M	343.5M	264.5M	311.1M	195.7M

Date	Ratio
Mar 25, 2020	3:2
Sep 10, 2012	3:2
Aug 24, 2010	3:2
Aug 23, 2010	1:1
Dec 1, 2005	3:2
May 21, 2004	3:2
Jun 17, 2003	3:2

Old Dominion Freight Line, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Old Dominion Freight Line, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history