Old Dominion Freight Line (ODFL) Financials

$156.46 +0.43 (+0.28%)

Closing price 06/20/2025 04:00 PM Eastern

Extended Trading

$157.28 +0.82 (+0.52%)

As of 07:00 AM Eastern

Annual Income Statements for Old Dominion Freight Line

This table shows Old Dominion Freight Line's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	305	296	464	606	616	673	1,034	1,377	1,240	1,186
Consolidated Net Income / (Loss)	305	296	464	606	616	673	1,034	1,377	1,240	1,186
Net Income / (Loss) Continuing Operations	305	296	464	606	616	673	1,034	1,377	1,240	1,186
Total Pre-Tax Income	490	478	576	816	824	901	1,388	1,841	1,648	1,558
Total Operating Income	498	484	576	817	819	907	1,392	1,841	1,641	1,544
Total Gross Profit	812	1,145	1,343	1,841	1,897	1,832	2,603	3,345	3,115	3,003
Total Revenue	2,972	2,992	3,358	4,044	4,109	4,015	5,256	6,260	5,866	5,815
Operating Revenue	2,972	2,992	3,358	4,044	4,109	4,015	5,256	6,260	5,866	5,815
Total Cost of Revenue	2,160	1,846	2,015	2,203	2,212	2,183	2,654	2,916	2,751	2,812
Operating Cost of Revenue	2,160	1,846	2,015	2,203	2,212	2,183	2,654	2,916	2,751	2,812
Total Operating Expenses	314	661	768	1,024	1,078	925	1,211	1,504	1,474	1,459
Selling, General & Admin Expense	89	426	520	637	626	504	730	1,028	886	836
Marketing Expense	37	38	42	44	53	42	54	58	75	92
Depreciation Expense	165	190	206	230	254	261	260	276	324	345
Other Operating Expenses / (Income)	22	7.92	-	112	146	117	168	141	189	186
Total Other Income / (Expense), net	-8.22	-6.25	-0.05	-1.54	5.24	-5.52	-3.18	0.72	7.10	14
Interest Expense	5.21	4.33	2.15	0.19	0.38	2.78	1.73	1.56	0.46	0.21
Interest & Investment Income	0.21	0.06	0.74	3.11	6.76	1.83	0.79	4.88	13	17
Other Income / (Expense), net	-3.22	-1.97	1.36	-4.46	-1.14	-4.57	-2.24	-2.60	-5.23	-3.20
Income Tax Expense	185	182	112	210	208	229	354	464	408	372
Basic Earnings per Share	$3.57	$3.56	$5.63	$4.93	$5.11	$5.71	$8.94	$6.13	$5.66	$5.51
Weighted Average Basic Shares Outstanding	85.38M	83.11M	82.31M	122.89M	120.41M	117.74M	115.65M	224.68M	218.84M	215.33M
Diluted Earnings per Share	$3.57	$3.56	$5.63	$4.92	$5.10	$5.68	$8.89	$6.09	$5.63	$5.48
Weighted Average Diluted Shares Outstanding	85.38M	83.15M	82.41M	123.03M	120.61M	118.49M	116.41M	226.16M	220.18M	216.49M
Weighted Average Basic & Diluted Shares Outstanding	85.30M	83.10M	82.40M	82M	79.70M	116.94M	114.86M	110.03M	108.84M	212.55M
Cash Dividends to Common per Share	$0.00	$0.00	$0.40	$0.35	$0.45	$0.60	$0.80	$0.60	$0.80	$1.04

This table shows Old Dominion Freight Line's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	377	324	285	292	339	323	292	322	309	263	255
Consolidated Net Income / (Loss)	377	324	285	292	339	323	292	322	309	263	255
Net Income / (Loss) Continuing Operations	377	324	285	292	339	323	292	322	309	263	255
Total Pre-Tax Income	496	432	384	392	446	425	393	426	403	335	339
Total Operating Income	496	430	383	392	445	421	386	422	402	334	338
Total Gross Profit	894	767	759	730	821	805	761	783	758	701	689
Total Revenue	1,604	1,492	1,442	1,413	1,515	1,496	1,460	1,499	1,470	1,386	1,375
Operating Revenue	1,604	1,492	1,442	1,413	1,515	1,496	1,460	1,499	1,470	1,386	1,375
Total Cost of Revenue	710	725	683	683	695	691	699	716	712	685	686
Operating Cost of Revenue	710	725	683	683	695	691	699	716	712	685	686
Total Operating Expenses	398	337	376	339	376	384	375	361	356	367	351
Selling, General & Admin Expense	266	251	237	207	228	214	225	213	206	193	198
Marketing Expense	17	7.74	16	15	16	28	18	17	17	40	17
Depreciation Expense	68	72	76	80	84	85	85	85	87	89	89
Other Operating Expenses / (Income)	46	5.40	48	37	47	57	47	46	47	45	46
Total Other Income / (Expense), net	-0.02	1.77	1.10	0.33	1.36	4.31	6.46	4.76	1.23	1.16	0.59
Interest Expense	1.00	0.28	0.20	0.09	0.09	0.09	0.04	0.13	0.02	0.03	0.00
Interest & Investment Income	1.33	2.95	2.81	2.37	2.31	5.31	7.37	5.96	1.78	1.90	1.66
Other Income / (Expense), net	-0.35	-0.90	-1.51	-1.95	-0.86	-0.91	-0.88	-1.08	-0.52	-0.72	-1.07
Income Tax Expense	119	108	99	100	107	103	101	104	95	72	84
Basic Earnings per Share	$3.38	$1.44	$1.30	$1.33	$1.55	$1.48	$1.34	$1.49	$1.44	$1.22	$1.20
Weighted Average Basic Shares Outstanding	111.57M	224.68M	219.91M	219.04M	218.39M	218.84M	217.59M	216.37M	214.09M	215.33M	212.40M
Diluted Earnings per Share	$3.36	$1.44	$1.29	$1.33	$1.54	$1.48	$1.34	$1.48	$1.43	$1.22	$1.19
Weighted Average Diluted Shares Outstanding	112.30M	226.16M	221.36M	220.40M	219.67M	220.18M	218.81M	217.54M	215.23M	216.49M	213.48M
Weighted Average Basic & Diluted Shares Outstanding	-	110.03M	109.65M	109.27M	109.11M	108.84M	217.29M	214.30M	213.50M	212.55M	211.33M
Cash Dividends to Common per Share	$0.30	$0.15	$0.20	$0.20	$0.20	$0.20	$0.26	$0.26	$0.26	$0.26	$0.28

This table details how cash moves in and out of Old Dominion Freight Line's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-23	-1.30	117	63	213	-2.14	61	-276	247	-325
Net Cash From Operating Activities	554	566	536	900	984	933	1,213	1,692	1,569	1,659
Net Cash From Continuing Operating Activities	591	566	536	900	984	933	1,213	1,692	1,569	1,659
Net Income / (Loss) Continuing Operations	305	296	464	606	616	673	1,034	1,377	1,240	1,186
Consolidated Net Income / (Loss)	305	296	464	606	616	673	1,034	1,377	1,240	1,186
Depreciation Expense	165	190	206	230	254	261	260	276	324	345
Non-Cash Adjustments To Reconcile Net Income	3.59	1.58	4.52	5.37	23	24	29	29	7.19	25
Changes in Operating Assets and Liabilities, net	117	78	-138	59	81	-25	-111	9.23	-2.01	103
Net Cash From Investing Activities	-438	-407	-368	-580	-474	-552	-455	-547	-660	-751
Net Cash From Continuing Investing Activities	-438	-407	-368	-580	-474	-552	-455	-547	-660	-751
Purchase of Property, Plant & Equipment	-462	-418	-382	-588	-479	-225	-550	-775	-757	-771
Purchase of Investments	-	-	-	0.00	0.00	-360	-359	-164	0.00	-30
Sale of Property, Plant & Equipment	24	11	12	6.98	5.69	3.69	20	22	49	20
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	30	435	369	49	30
Net Cash From Financing Activities	-140	-159	-51	-257	-297	-384	-696	-1,420	-662	-1,233
Net Cash From Continuing Financing Activities	-140	-159	-51	-257	-297	-384	-696	-1,420	-662	-1,233
Repayment of Debt	-38	-27	-10	-51	-1.45	-48	-4.85	-8.66	-33	-42
Repurchase of Common Equity	-114	-130	-8.01	-163	-241	-364	-536	-1,277	-454	-967
Payment of Dividends	-	0.00	-33	-43	-55	-71	-92	-134	-175	-224
Issuance of Debt	12	-2.34	-	0.00	0.00	100	0.00	0.00	0.00	0.00
Cash Interest Paid	11	6.42	5.44	4.53	3.86	8.16	6.89	7.21	6.85	5.67
Cash Income Taxes Paid	130	123	199	170	157	267	353	397	361	338

This table details how cash moves in and out of Old Dominion Freight Line's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	21	-30	21	-152	151	227	147	-507	-0.14	35	-11
Net Cash From Operating Activities	514	361	415	288	429	437	424	388	446	401	337
Net Cash From Continuing Operating Activities	514	361	415	288	429	437	424	388	446	401	337
Net Income / (Loss) Continuing Operations	377	324	285	292	339	323	292	322	309	263	255
Consolidated Net Income / (Loss)	377	324	285	292	339	323	292	322	309	263	255
Depreciation Expense	68	72	76	80	84	85	85	85	87	89	89
Non-Cash Adjustments To Reconcile Net Income	-0.52	32	-4.35	-2.09	-1.02	15	0.73	0.57	-3.16	27	1.74
Changes in Operating Assets and Liabilities, net	69	-66	59	-82	6.90	15	46	-19	54	22	-9.02
Net Cash From Investing Activities	-115	-159	-200	-213	-167	-80	-118	-265	-201	-167	-83
Net Cash From Continuing Investing Activities	-115	-159	-200	-213	-167	-80	-118	-265	-201	-167	-83
Purchase of Property, Plant & Equipment	-182	-270	-235	-245	-172	-106	-120	-238	-243	-171	-88
Sale of Property, Plant & Equipment	1.12	2.05	10	7.33	4.62	26	1.56	3.27	11	3.97	5.23
Net Cash From Financing Activities	-379	-233	-194	-227	-110	-130	-159	-630	-245	-200	-265
Net Cash From Continuing Financing Activities	-379	-233	-194	-227	-110	-130	-159	-630	-245	-200	-265
Repayment of Debt	-0.17	-0.16	-8.46	-23	-0.86	-0.85	-17	-22	-1.90	-1.67	-4.51
Repurchase of Common Equity	-345	-200	-142	-161	-66	-86	-85	-512	-188	-183	-201
Payment of Dividends	-33	-33	-44	-44	-44	-44	-57	-56	-56	-55	-59

This table presents Old Dominion Freight Line's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/30/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,467	2,696	3,068	3,545	3,996	4,369	4,822	4,839	5,512	5,491
Total Current Assets	382	383	585	706	867	1,243	1,384	934	1,143	721
Cash & Equivalents	11	10	127	190	404	401	463	186	434	109
Accounts Receivable	345	334	416	468	408	454	580	592	597	523
Prepaid Expenses	25	38	41	48	55	57	68	93	94	84
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	19	13	19	5.00
Plant, Property, & Equipment, net	2,023	2,241	2,404	2,755	2,969	2,914	3,216	3,687	4,095	4,505
Plant, Property & Equipment, gross	2,953	3,285	3,580	4,073	4,433	4,591	5,136	5,816	6,250	6,831
Accumulated Depreciation	929	1,044	1,175	1,318	1,464	1,677	1,920	2,129	2,154	2,326
Total Noncurrent Assets	61	72	79	84	160	212	222	218	274	265
Other Noncurrent Operating Assets	42	53	60	65	160	212	222	218	274	265
Total Liabilities & Shareholders' Equity	2,467	2,696	3,068	3,545	3,996	4,369	4,822	4,839	5,512	5,491
Total Liabilities	782	845	792	865	915	1,043	1,142	1,186	1,255	1,247
Total Current Liabilities	285	289	351	357	366	373	464	530	545	541
Short-Term Debt	26	0.00	50	-	-	-	0.00	20	20	20
Accounts Payable	67	89	74	79	70	69	83	106	113	92
Accrued Expenses	23	23	25	26	46	52	62	52	70	70
Current Employee Benefit Liabilities	125	129	153	198	193	191	258	288	279	285
Other Current Liabilities	45	47	50	53	54	53	62	63	63	73
Total Noncurrent Liabilities	496	556	441	508	549	670	678	656	710	706
Long-Term Debt	107	105	45	45	45	100	100	80	60	40
Noncurrent Deferred & Payable Income Tax Liabilities	235	273	190	248	262	220	249	311	363	382
Other Noncurrent Operating Liabilities	154	179	206	215	242	350	329	265	287	284
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,685	1,851	2,277	2,680	3,081	3,326	3,680	3,653	4,258	4,245
Total Preferred & Common Equity	1,685	1,851	2,277	2,680	3,081	3,326	3,680	3,653	4,258	4,245
Total Common Equity	1,685	1,851	2,277	2,680	3,081	3,326	3,680	3,653	4,258	4,245
Common Stock	143	144	147	150	230	238	186	256	253	249
Retained Earnings	1,542	1,707	2,130	2,530	2,850	3,088	3,494	3,397	4,005	3,995

This table presents Old Dominion Freight Line's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	4,839	4,957	4,979	5,299	5,512	5,651	5,343	5,426	5,491	5,491
Total Current Assets	934	897	731	954	1,143	1,264	807	735	721	734
Cash & Equivalents	186	208	55	207	434	581	74	74	109	97
Accounts Receivable	592	580	559	648	597	604	598	566	523	569
Prepaid Expenses	93	85	107	84	94	79	98	84	84	69
Current Deferred & Refundable Income Taxes	13	0.00	9.36	16	19	0.00	6.82	11	5.00	0.00
Plant, Property, & Equipment, net	3,687	3,841	4,001	4,085	4,095	4,128	4,278	4,426	4,505	4,497
Plant, Property & Equipment, gross	5,816	6,010	6,147	6,245	6,250	6,345	6,533	6,697	6,831	6,840
Accumulated Depreciation	2,129	2,168	2,146	2,160	2,154	2,217	2,255	2,271	2,326	2,342
Total Noncurrent Assets	218	219	247	259	274	260	258	265	265	260
Other Noncurrent Operating Assets	218	219	247	259	274	260	258	265	265	260
Total Liabilities & Shareholders' Equity	4,839	4,957	4,979	5,299	5,512	5,651	5,343	5,426	5,491	5,491
Total Liabilities	1,186	1,211	1,147	1,236	1,255	1,250	1,231	1,250	1,247	1,256
Total Current Liabilities	530	570	503	552	545	551	553	554	541	557
Short-Term Debt	20	20	20	20	20	20	20	20	20	20
Accounts Payable	106	120	97	116	113	98	113	99	92	84
Accrued Expenses	52	65	76	78	70	61	73	77	70	69
Current Deferred & Payable Income Tax Liabilities	-	83	-	-	-	77	26	11	-	77
Current Employee Benefit Liabilities	288	221	250	278	279	233	260	284	285	233
Other Current Liabilities	63	62	61	61	63	63	61	62	73	73
Total Noncurrent Liabilities	656	641	644	683	710	699	678	697	706	699
Long-Term Debt	80	80	60	60	60	60	40	40	40	40
Noncurrent Deferred & Payable Income Tax Liabilities	311	311	311	347	363	363	363	375	382	382
Other Noncurrent Operating Liabilities	265	251	273	276	287	276	275	282	284	277
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,653	3,746	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235
Total Preferred & Common Equity	3,653	3,746	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235
Total Common Equity	3,653	3,746	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235
Common Stock	256	251	250	252	253	247	208	208	249	248
Retained Earnings	3,397	3,495	3,582	3,811	4,005	4,154	3,904	3,967	3,995	3,988

This table displays calculated financial ratios and metrics derived from Old Dominion Freight Line's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.62%	0.64%	12.25%	20.42%	1.62%	-2.29%	30.91%	19.10%	-6.29%	-0.88%
EBITDA Growth	12.79%	1.72%	16.57%	33.20%	3.77%	7.51%	41.74%	28.18%	-7.29%	-3.80%
EBIT Growth	12.76%	-2.66%	19.80%	40.77%	0.61%	10.37%	53.98%	32.29%	-11.02%	-5.79%
NOPAT Growth	13.50%	-3.28%	54.79%	30.83%	0.79%	10.66%	53.18%	32.78%	-10.35%	-4.74%
Net Income Growth	13.90%	-2.93%	56.80%	30.60%	1.63%	9.29%	53.77%	33.14%	-10.00%	-4.31%
EPS Growth	15.16%	-0.28%	58.15%	30.60%	1.63%	11.37%	56.51%	33.14%	-10.00%	-2.66%
Operating Cash Flow Growth	41.41%	2.11%	-5.18%	67.84%	9.31%	-5.17%	29.97%	39.50%	-7.24%	5.75%
Free Cash Flow Firm Growth	129.68%	36.34%	2.95%	91.07%	34.38%	65.88%	-5.10%	37.95%	-8.11%	4.30%
Invested Capital Growth	11.89%	7.69%	15.34%	12.96%	7.37%	-1.02%	13.67%	14.84%	11.00%	7.48%
Revenue Q/Q Growth	0.46%	0.37%	4.53%	3.48%	-0.43%	1.62%	6.85%	0.00%	0.07%	-1.85%
EBITDA Q/Q Growth	0.94%	0.65%	4.69%	8.52%	-1.49%	6.18%	7.83%	0.00%	0.17%	-4.20%
EBIT Q/Q Growth	0.30%	-0.20%	5.78%	9.79%	-3.48%	8.04%	9.29%	0.00%	-0.56%	-5.33%
NOPAT Q/Q Growth	0.78%	-1.21%	37.78%	-5.65%	-2.79%	7.55%	9.37%	0.00%	-0.25%	-4.65%
Net Income Q/Q Growth	0.78%	-1.24%	38.43%	-5.87%	-2.45%	7.31%	9.41%	0.00%	-0.09%	-4.79%
EPS Q/Q Growth	1.13%	-0.56%	38.33%	-5.87%	-2.45%	6.17%	8.55%	0.00%	-0.09%	-5.84%
Operating Cash Flow Q/Q Growth	13.98%	-4.42%	-1.32%	9.28%	1.20%	1.10%	8.35%	0.00%	5.04%	-2.10%
Free Cash Flow Firm Q/Q Growth	28.75%	4.94%	-19.04%	20.33%	-11.78%	23.27%	-2.10%	-68.79%	131.39%	-12.32%
Invested Capital Q/Q Growth	-0.79%	-1.30%	6.68%	2.04%	3.42%	0.17%	3.64%	0.00%	-0.83%	0.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.33%	38.28%	40.00%	45.53%	46.17%	45.62%	49.51%	53.43%	53.10%	51.64%
EBITDA Margin	22.22%	22.45%	23.32%	25.79%	26.34%	28.98%	31.38%	33.77%	33.41%	32.42%
Operating Margin	16.76%	16.17%	17.15%	20.21%	19.92%	22.59%	26.47%	29.40%	27.97%	26.55%
EBIT Margin	16.65%	16.11%	17.19%	20.10%	19.90%	22.47%	26.43%	29.36%	27.88%	26.50%
Profit (Net Income) Margin	10.25%	9.89%	13.81%	14.98%	14.98%	16.75%	19.68%	22.00%	21.13%	20.40%
Tax Burden Percent	62.18%	61.93%	80.54%	74.27%	74.70%	74.63%	74.50%	74.79%	75.22%	76.15%
Interest Burden Percent	98.99%	99.11%	99.76%	100.36%	100.78%	99.89%	99.93%	100.18%	100.75%	101.09%
Effective Tax Rate	37.82%	38.07%	19.46%	25.73%	25.30%	25.37%	25.50%	25.21%	24.78%	23.85%
Return on Invested Capital (ROIC)	18.11%	15.97%	22.14%	25.39%	23.27%	24.99%	36.02%	41.84%	33.26%	29.03%
ROIC Less NNEP Spread (ROIC-NNEP)	13.90%	12.40%	22.00%	26.68%	21.71%	25.82%	36.39%	41.70%	31.08%	23.89%
Return on Net Nonoperating Assets (RNNOA)	1.06%	0.76%	0.33%	-0.96%	-1.90%	-3.99%	-6.49%	-4.28%	-1.92%	-1.13%
Return on Equity (ROE)	19.17%	16.73%	22.47%	24.44%	21.37%	21.00%	29.53%	37.56%	31.34%	27.90%
Cash Return on Invested Capital (CROIC)	6.89%	8.56%	7.89%	13.22%	16.15%	26.01%	23.22%	28.03%	22.84%	21.82%
Operating Return on Assets (OROA)	21.18%	18.67%	20.03%	24.57%	21.68%	21.57%	30.23%	38.05%	31.60%	28.00%
Return on Assets (ROA)	13.04%	11.46%	16.09%	18.32%	16.32%	16.08%	22.51%	28.51%	23.95%	21.56%
Return on Common Equity (ROCE)	19.17%	16.73%	22.47%	24.44%	21.37%	21.00%	29.53%	37.56%	31.34%	27.90%
Return on Equity Simple (ROE_SIMPLE)	18.09%	15.98%	20.37%	22.60%	19.98%	20.22%	28.11%	37.70%	29.11%	27.94%
Net Operating Profit after Tax (NOPAT)	310	300	464	607	612	677	1,037	1,377	1,234	1,176
NOPAT Margin	10.42%	10.02%	13.81%	15.01%	14.88%	16.86%	19.72%	21.99%	21.04%	20.22%
Net Nonoperating Expense Percent (NNEP)	4.20%	3.56%	0.14%	-1.29%	1.55%	-0.83%	-0.38%	0.14%	2.18%	5.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	36.68%	28.45%	27.31%
Cost of Revenue to Revenue	72.67%	61.72%	60.00%	54.47%	53.83%	54.38%	50.49%	46.57%	46.90%	48.36%
SG&A Expenses to Revenue	3.00%	14.23%	15.49%	15.76%	15.23%	12.56%	13.89%	16.43%	15.10%	14.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.56%	22.10%	22.86%	25.32%	26.24%	23.03%	23.04%	24.02%	25.13%	25.09%
Earnings before Interest and Taxes (EBIT)	495	482	577	813	818	902	1,389	1,838	1,635	1,541
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	660	672	783	1,043	1,082	1,164	1,649	2,114	1,960	1,885
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.88	3.71	4.64	3.68	4.83	6.79	11.08	8.60	10.33	8.87
Price to Tangible Book Value (P/TBV)	2.91	3.75	4.68	3.71	4.83	6.79	11.08	8.60	10.33	8.87
Price to Revenue (P/Rev)	1.63	2.30	3.15	2.44	3.62	5.62	7.75	5.02	7.50	6.48
Price to Earnings (P/E)	15.92	23.21	22.77	16.30	24.18	33.57	39.40	22.81	35.50	31.75
Dividend Yield	0.00%	0.00%	0.31%	0.43%	0.36%	0.31%	0.23%	0.43%	0.40%	0.59%
Earnings Yield	6.28%	4.31%	4.39%	6.13%	4.14%	2.98%	2.54%	4.38%	2.82%	3.15%
Enterprise Value to Invested Capital (EV/IC)	2.75	3.58	4.69	3.84	5.34	8.15	13.11	8.89	11.18	8.96
Enterprise Value to Revenue (EV/Rev)	1.67	2.33	3.14	2.41	3.53	5.47	7.64	5.00	7.44	6.47
Enterprise Value to EBITDA (EV/EBITDA)	7.53	10.36	13.45	9.33	13.42	18.86	24.34	14.80	22.27	19.95
Enterprise Value to EBIT (EV/EBIT)	10.05	14.45	18.24	11.97	17.77	24.32	28.89	17.02	26.69	24.41
Enterprise Value to NOPAT (EV/NOPAT)	16.05	23.23	22.70	16.03	23.75	32.43	38.72	22.72	35.36	31.99
Enterprise Value to Operating Cash Flow (EV/OCF)	8.98	12.31	19.63	10.81	14.76	23.52	33.10	18.49	27.81	22.67
Enterprise Value to Free Cash Flow (EV/FCFF)	42.20	43.33	63.66	30.79	34.20	31.16	60.04	33.92	51.50	42.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.06	0.04	0.02	0.01	0.03	0.03	0.03	0.02	0.01
Long-Term Debt to Equity	0.06	0.06	0.02	0.02	0.01	0.03	0.03	0.02	0.01	0.01
Financial Leverage	0.08	0.06	0.02	-0.04	-0.09	-0.15	-0.18	-0.10	-0.06	-0.05
Leverage Ratio	1.47	1.46	1.40	1.33	1.31	1.31	1.31	1.32	1.31	1.29
Compound Leverage Factor	1.46	1.45	1.39	1.34	1.32	1.30	1.31	1.32	1.32	1.31
Debt to Total Capital	7.36%	5.37%	4.01%	1.65%	1.44%	2.92%	2.64%	2.66%	1.84%	1.39%
Short-Term Debt to Total Capital	1.46%	0.00%	2.11%	0.00%	0.00%	0.00%	0.00%	0.53%	0.46%	0.46%
Long-Term Debt to Total Capital	5.90%	5.37%	1.90%	1.65%	1.44%	2.92%	2.64%	2.13%	1.38%	0.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.64%	94.63%	95.99%	98.35%	98.56%	97.08%	97.36%	97.34%	98.16%	98.61%
Debt to EBITDA	0.20	0.16	0.12	0.04	0.04	0.09	0.06	0.05	0.04	0.03
Net Debt to EBITDA	0.19	0.14	-0.04	-0.14	-0.33	-0.54	-0.37	-0.06	-0.18	-0.03
Long-Term Debt to EBITDA	0.16	0.16	0.06	0.04	0.04	0.09	0.06	0.04	0.03	0.02
Debt to NOPAT	0.43	0.35	0.20	0.07	0.07	0.15	0.10	0.07	0.06	0.05
Net Debt to NOPAT	0.39	0.32	-0.07	-0.24	-0.59	-0.93	-0.60	-0.10	-0.29	-0.04
Long-Term Debt to NOPAT	0.35	0.35	0.10	0.07	0.07	0.15	0.10	0.06	0.05	0.03
Altman Z-Score	6.51	7.50	10.78	9.87	12.61	15.82	24.70	19.53	24.23	21.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.10	1.33
Quick Ratio	1.25	1.19	1.55	1.85	2.22	3.18	2.79	1.56	1.89	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	118	161	165	316	425	704	669	922	847	884
Operating Cash Flow to CapEx	126.57%	138.83%	144.99%	154.84%	207.73%	421.44%	228.57%	224.63%	221.42%	220.89%
Free Cash Flow to Firm to Interest Expense	22.62	37.08	76.78	1,671.96	1,126.41	253.21	387.09	590.00	1,826.26	4,168.90
Operating Cash Flow to Interest Expense	106.31	130.56	248.98	4,762.52	2,609.78	335.38	702.15	1,082.27	3,381.76	7,826.81
Operating Cash Flow Less CapEx to Interest Expense	22.32	36.52	77.26	1,686.81	1,353.45	255.80	394.95	600.47	1,854.45	4,283.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.27	1.16	1.17	1.22	1.09	0.96	1.14	1.30	1.13	1.06
Accounts Receivable Turnover	8.58	8.80	8.95	9.15	9.38	9.31	10.17	10.68	9.87	10.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.58	1.40	1.45	1.57	1.44	1.37	1.72	1.81	1.51	1.35
Accounts Payable Turnover	38.54	23.67	24.73	28.94	29.74	31.47	35.14	30.89	25.12	27.49
Days Sales Outstanding (DSO)	42.55	41.46	40.77	39.90	38.93	39.20	35.90	34.18	37.00	35.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.47	15.42	14.76	12.61	12.27	11.60	10.39	11.82	14.53	13.28
Cash Conversion Cycle (CCC)	33.08	26.04	26.01	27.28	26.65	27.60	25.52	22.36	22.47	21.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,807	1,946	2,244	2,535	2,722	2,695	3,063	3,517	3,904	4,196
Invested Capital Turnover	1.74	1.59	1.60	1.69	1.56	1.48	1.83	1.90	1.58	1.44
Increase / (Decrease) in Invested Capital	192	139	298	291	187	-28	368	454	387	292
Enterprise Value (EV)	4,973	6,961	10,529	9,730	14,525	21,947	40,139	31,282	43,644	37,612
Market Capitalization	4,850	6,866	10,562	9,875	14,883	22,579	40,756	31,417	43,998	37,661
Book Value per Share	$19.92	$22.45	$27.64	$32.79	$38.59	$28.35	$32.00	$16.26	$39.02	$19.88
Tangible Book Value per Share	$19.69	$22.22	$27.40	$32.55	$38.59	$28.35	$32.00	$16.26	$39.02	$19.88
Total Capital	1,818	1,956	2,372	2,725	3,126	3,426	3,780	3,753	4,338	4,305
Total Debt	134	105	95	45	45	100	100	100	80	60
Total Long-Term Debt	107	105	45	45	45	100	100	80	60	40
Net Debt	122	95	-32	-145	-359	-632	-617	-136	-354	-49
Capital Expenditures (CapEx)	438	407	370	581	474	221	531	753	709	751
Debt-free, Cash-free Net Working Capital (DFCFNWC)	111	84	156	159	97	139	203	188	185	91
Debt-free Net Working Capital (DFNWC)	123	94	284	349	501	870	920	424	619	200
Net Working Capital (NWC)	96	94	234	349	501	870	920	404	599	180
Net Nonoperating Expense (NNE)	5.11	3.87	0.04	1.14	-3.92	4.12	2.37	-0.54	-5.34	-10
Net Nonoperating Obligations (NNO)	122	95	-32	-145	-359	-632	-617	-136	-354	-49
Total Depreciation and Amortization (D&A)	165	190	206	230	265	261	260	276	324	345
Debt-free, Cash-free Net Working Capital to Revenue	3.75%	2.80%	4.65%	3.94%	2.36%	3.45%	3.85%	3.01%	3.15%	1.57%
Debt-free Net Working Capital to Revenue	4.13%	3.14%	8.45%	8.64%	12.19%	21.67%	17.49%	6.77%	10.55%	3.44%
Net Working Capital to Revenue	3.24%	3.14%	6.96%	8.64%	12.19%	21.67%	17.49%	6.45%	10.21%	3.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.19	$1.19	$1.88	$2.46	$2.56	$2.86	$4.47	$6.13	$5.67	$5.51
Adjusted Weighted Average Basic Shares Outstanding	256.14M	249.34M	246.93M	245.77M	240.83M	235.47M	231.30M	224.68M	218.84M	215.33M
Adjusted Diluted Earnings per Share	$1.19	$1.19	$1.88	$2.46	$2.55	$2.84	$4.45	$6.09	$5.63	$5.48
Adjusted Weighted Average Diluted Shares Outstanding	256.14M	249.46M	247.22M	246.06M	241.22M	236.99M	232.82M	226.16M	220.18M	216.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	251.46M	247.40M	247.12M	243.44M	239.09M	233.87M	229.73M	220.05M	217.67M	212.55M
Normalized Net Operating Profit after Tax (NOPAT)	310	300	464	607	612	677	1,037	1,377	1,234	1,176
Normalized NOPAT Margin	10.42%	10.02%	13.81%	15.01%	14.88%	16.86%	19.72%	21.99%	21.04%	20.22%
Pre Tax Income Margin	16.49%	15.96%	17.15%	20.17%	20.05%	22.45%	26.41%	29.41%	28.09%	26.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	95.01	111.23	267.99	4,299.41	2,168.60	324.34	804.50	1,175.96	3,524.66	7,267.92
NOPAT to Interest Expense	59.46	69.17	215.33	3,210.64	1,622.28	243.28	600.31	880.76	2,659.83	5,545.84
EBIT Less CapEx to Interest Expense	11.02	17.19	96.27	1,223.70	912.27	244.76	497.30	694.16	1,997.35	3,724.55
NOPAT Less CapEx to Interest Expense	-24.53	-24.88	43.61	134.93	365.95	163.70	293.12	398.96	1,132.51	2,002.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	7.10%	7.03%	8.86%	10.56%	8.93%	9.77%	14.13%	18.85%
Augmented Payout Ratio	37.45%	44.06%	8.83%	33.98%	48.01%	64.68%	60.79%	102.51%	50.72%	100.41%

This table displays calculated financial ratios and metrics derived from Old Dominion Freight Line's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-3.68%	-15.25%	-5.51%	0.26%	1.24%	6.05%	-2.97%	-7.34%	-5.84%
EBITDA Growth	25.82%	0.00%	-3.15%	-18.54%	-6.36%	0.67%	2.75%	7.62%	-7.61%	-16.37%	-9.35%
EBIT Growth	29.38%	0.00%	-5.80%	-23.29%	-10.40%	-2.15%	1.05%	7.95%	-9.64%	-20.66%	-12.60%
NOPAT Growth	31.51%	0.00%	-5.31%	-22.40%	-10.38%	-0.95%	1.15%	9.02%	-9.05%	-17.93%	-11.58%
Net Income Growth	0.00%	0.00%	-4.91%	-22.26%	-10.10%	-0.34%	2.55%	10.15%	-9.05%	-18.48%	-12.88%
EPS Growth	0.00%	0.00%	-4.91%	-22.26%	-10.10%	-0.34%	3.88%	11.28%	-7.14%	-17.57%	-11.19%
Operating Cash Flow Growth	41.13%	0.00%	6.85%	-32.64%	-16.52%	20.85%	2.05%	34.75%	4.02%	-8.16%	-20.61%
Free Cash Flow Firm Growth	15,140.60%	64.19%	-102.87%	-5,430.30%	-207.97%	49.01%	100.33%	132.78%	102.29%	55.87%	-4,945.30%
Invested Capital Growth	-100.00%	14.84%	18.03%	19.21%	0.00%	11.00%	7.93%	5.46%	5.72%	7.48%	7.63%
Revenue Q/Q Growth	-3.82%	-6.99%	-3.32%	-2.01%	7.22%	-1.30%	-2.37%	2.65%	-1.90%	-5.74%	-0.79%
EBITDA Q/Q Growth	-2.12%	-11.11%	-8.76%	2.61%	12.52%	-4.44%	-6.87%	7.47%	-3.40%	-13.50%	0.95%
EBIT Q/Q Growth	-2.41%	-13.39%	-11.13%	2.13%	13.99%	-5.42%	-8.22%	9.10%	-4.58%	-16.95%	1.11%
NOPAT Q/Q Growth	0.26%	-14.52%	-11.90%	2.78%	15.80%	-5.53%	-10.03%	10.77%	-3.40%	-14.76%	-3.06%
Net Income Q/Q Growth	0.35%	-14.17%	-12.01%	2.57%	16.05%	-4.85%	-9.45%	10.17%	-4.18%	-14.72%	-3.22%
EPS Q/Q Growth	1.82%	-14.17%	-12.01%	2.57%	16.05%	-4.85%	-54.58%	10.45%	-3.38%	-14.69%	-2.46%
Operating Cash Flow Q/Q Growth	20.32%	-29.72%	14.95%	-30.70%	49.12%	1.74%	-2.93%	-8.50%	15.11%	-10.17%	-16.09%
Free Cash Flow Firm Q/Q Growth	56,035.52%	-103.96%	-103.15%	-23.01%	-992.06%	98.13%	101.33%	11,998.84%	-23.55%	-135.94%	-45.78%
Invested Capital Q/Q Growth	-100.00%	0.00%	2.75%	6.72%	2.06%	-0.83%	-0.09%	4.27%	2.32%	0.83%	0.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.76%	51.40%	52.66%	51.67%	54.16%	53.80%	52.12%	52.24%	51.56%	50.57%	50.12%
EBITDA Margin	35.17%	33.61%	31.72%	33.22%	34.86%	33.75%	32.20%	33.71%	33.19%	30.46%	30.99%
Operating Margin	30.93%	28.84%	26.56%	27.71%	29.37%	28.15%	26.47%	28.14%	27.33%	24.10%	24.59%
EBIT Margin	30.91%	28.78%	26.46%	27.57%	29.31%	28.09%	26.41%	28.07%	27.30%	24.05%	24.51%
Profit (Net Income) Margin	23.53%	21.72%	19.77%	20.69%	22.39%	21.59%	20.02%	21.49%	20.99%	18.99%	18.52%
Tax Burden Percent	76.08%	74.98%	74.20%	74.60%	76.01%	75.90%	74.40%	75.52%	76.55%	78.51%	75.20%
Interest Burden Percent	100.07%	100.62%	100.68%	100.58%	100.50%	101.24%	101.90%	101.39%	100.44%	100.56%	100.49%
Effective Tax Rate	23.92%	25.02%	25.80%	25.40%	23.99%	24.10%	25.60%	24.48%	23.45%	21.49%	24.80%
Return on Invested Capital (ROIC)	0.00%	41.15%	36.64%	34.69%	66.49%	33.78%	30.84%	32.02%	30.62%	27.17%	26.16%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	40.80%	36.35%	34.52%	64.86%	32.44%	29.32%	-4.32%	29.28%	26.72%	26.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-4.19%	-2.88%	-1.38%	-2.02%	-2.01%	-2.28%	0.01%	-0.50%	-1.26%	-1.62%
Return on Equity (ROE)	0.00%	36.96%	33.76%	33.31%	64.47%	31.77%	28.56%	32.03%	30.12%	25.90%	24.54%
Cash Return on Invested Capital (CROIC)	200.00%	28.03%	24.22%	18.46%	-137.14%	22.84%	25.30%	26.58%	24.90%	21.82%	20.87%
Operating Return on Assets (OROA)	0.00%	37.30%	33.92%	33.58%	64.86%	31.84%	29.29%	32.46%	30.16%	25.42%	25.21%
Return on Assets (ROA)	0.00%	28.15%	25.34%	25.19%	49.54%	24.47%	22.21%	24.85%	23.19%	20.07%	19.05%
Return on Common Equity (ROCE)	0.00%	36.96%	33.76%	33.31%	64.47%	31.77%	28.56%	32.03%	30.12%	25.90%	24.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	36.37%	33.37%	30.53%	0.00%	28.33%	31.04%	29.83%	0.00%	27.12%
Net Operating Profit after Tax (NOPAT)	377	323	284	292	338	320	288	318	308	262	254
NOPAT Margin	23.53%	21.63%	19.71%	20.67%	22.32%	21.37%	19.69%	21.25%	20.92%	18.92%	18.49%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.35%	0.28%	0.17%	1.63%	1.34%	1.52%	36.34%	1.34%	0.45%	0.16%
Return On Investment Capital (ROIC_SIMPLE)	-	8.60%	-	-	-	7.37%	-	-	-	6.09%	5.92%
Cost of Revenue to Revenue	44.24%	48.60%	47.34%	48.33%	45.84%	46.20%	47.88%	47.76%	48.44%	49.43%	49.88%
SG&A Expenses to Revenue	16.60%	16.85%	16.41%	14.62%	15.07%	14.31%	15.41%	14.22%	13.98%	13.90%	14.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.82%	22.56%	26.10%	23.96%	24.79%	25.65%	25.65%	24.10%	24.23%	26.46%	25.53%
Earnings before Interest and Taxes (EBIT)	496	429	382	390	444	420	386	421	401	333	337
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	564	501	457	469	528	505	470	505	488	422	426
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	8.60	9.95	10.53	10.95	10.33	10.86	9.33	10.19	8.87	8.30
Price to Tangible Book Value (P/TBV)	0.00	8.60	9.95	10.53	10.95	10.33	10.86	9.33	10.19	8.87	8.30
Price to Revenue (P/Rev)	0.00	5.02	6.01	6.78	7.59	7.50	8.12	6.43	7.19	6.48	6.14
Price to Earnings (P/E)	0.00	22.81	27.36	31.56	35.86	35.50	38.33	30.06	34.17	31.75	30.62
Dividend Yield	0.45%	0.43%	0.38%	0.38%	0.37%	0.40%	0.00%	0.52%	0.49%	0.59%	0.64%
Earnings Yield	0.00%	4.38%	3.65%	3.17%	2.79%	2.82%	2.61%	3.33%	2.93%	3.15%	3.27%
Enterprise Value to Invested Capital (EV/IC)	0.00	8.89	10.28	10.47	11.27	11.18	12.12	9.42	10.23	8.96	8.37
Enterprise Value to Revenue (EV/Rev)	0.00	5.00	5.99	6.79	7.57	7.44	8.04	6.42	7.18	6.47	6.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	14.80	17.70	20.27	22.67	22.27	23.97	19.09	21.62	19.95	19.08
Enterprise Value to EBIT (EV/EBIT)	0.00	17.02	20.47	23.81	26.97	26.69	28.84	22.95	26.15	24.41	23.54
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.72	27.30	31.64	35.85	35.36	38.21	30.33	34.51	31.99	30.75
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.49	21.62	25.58	29.69	27.81	29.97	22.85	25.11	22.67	22.35
Enterprise Value to Free Cash Flow (EV/FCFF)	9.33	33.92	45.94	61.68	0.00	51.50	49.73	36.39	42.22	42.56	41.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01
Long-Term Debt to Equity	0.00	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Financial Leverage	-0.14	-0.10	-0.08	-0.04	-0.03	-0.06	-0.08	0.00	-0.02	-0.05	-0.06
Leverage Ratio	1.35	1.32	1.34	1.32	1.30	1.31	1.30	1.30	1.30	1.29	1.29
Compound Leverage Factor	1.35	1.33	1.34	1.33	1.31	1.32	1.33	1.32	1.31	1.30	1.30
Debt to Total Capital	0.00%	2.66%	2.60%	2.04%	1.93%	1.84%	1.78%	1.44%	1.42%	1.39%	1.40%
Short-Term Debt to Total Capital	0.00%	0.53%	0.52%	0.51%	0.48%	0.46%	0.45%	0.48%	0.47%	0.46%	0.47%
Long-Term Debt to Total Capital	0.00%	2.13%	2.08%	1.53%	1.45%	1.38%	1.34%	0.96%	0.94%	0.93%	0.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	97.34%	97.40%	97.96%	98.07%	98.16%	98.22%	98.56%	98.58%	98.61%	98.60%
Debt to EBITDA	0.00	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Net Debt to EBITDA	0.00	-0.06	-0.06	0.01	-0.06	-0.18	-0.25	-0.02	-0.01	-0.03	-0.02
Long-Term Debt to EBITDA	0.00	0.04	0.04	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02
Debt to NOPAT	0.00	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05
Net Debt to NOPAT	0.00	-0.10	-0.10	0.02	-0.10	-0.29	-0.40	-0.04	-0.01	-0.04	-0.03
Long-Term Debt to NOPAT	0.00	0.06	0.06	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.04
Altman Z-Score	0.00	18.57	21.05	23.63	24.08	23.50	25.39	21.16	22.83	20.44	19.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.76	1.57	1.45	1.73	2.10	2.29	1.46	1.33	1.33	1.32
Quick Ratio	0.00	1.56	1.43	1.22	1.55	1.89	2.15	1.27	1.16	1.17	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,333	-132	-268	-329	-3,598	-67	0.89	108	83	-30	-43
Operating Cash Flow to CapEx	284.70%	134.67%	185.06%	121.28%	256.49%	549.06%	359.38%	165.15%	192.91%	240.23%	405.85%
Free Cash Flow to Firm to Interest Expense	3,342.62	-470.92	-1,339.30	-3,702.14	-39,980.45	-791.00	24.13	824.51	4,345.79	-1,186.91	-21,627.96
Operating Cash Flow to Interest Expense	515.73	1,290.53	2,076.84	3,234.16	4,769.28	5,137.56	11,456.57	2,960.73	23,498.74	16,042.36	168,259.50
Operating Cash Flow Less CapEx to Interest Expense	334.58	332.26	954.57	567.49	2,909.82	4,201.86	8,268.68	1,167.92	11,317.68	9,364.56	126,801.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.30	1.28	1.22	2.21	1.13	1.11	1.16	1.10	1.06	1.03
Accounts Receivable Turnover	0.00	10.68	9.84	9.50	0.00	9.87	9.94	10.32	9.76	10.39	9.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	1.81	1.76	1.61	0.00	1.51	1.48	1.44	1.39	1.35	1.33
Accounts Payable Turnover	0.00	30.89	23.78	23.67	0.00	25.12	25.85	27.18	26.62	27.49	30.77
Days Sales Outstanding (DSO)	0.00	34.18	37.10	38.40	0.00	37.00	36.70	35.37	37.38	35.13	37.33
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	11.82	15.35	15.42	0.00	14.53	14.12	13.43	13.71	13.28	11.86
Cash Conversion Cycle (CCC)	0.00	22.36	21.75	22.98	0.00	22.47	22.59	21.94	23.67	21.86	25.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	3,517	3,614	3,857	3,936	3,904	3,901	4,067	4,162	4,196	4,198
Invested Capital Turnover	0.00	1.90	1.86	1.68	2.98	1.58	1.57	1.51	1.46	1.44	1.41
Increase / (Decrease) in Invested Capital	-2,955	454	552	622	3,936	387	287	210	225	292	297
Enterprise Value (EV)	27,583	31,282	37,150	40,383	44,356	43,644	47,286	38,328	42,554	37,612	35,128
Market Capitalization	27,583	31,417	37,282	40,358	44,483	43,998	47,787	38,373	42,568	37,661	35,166
Book Value per Share	$0.00	$16.26	$34.05	$34.95	$37.18	$39.02	$20.23	$18.92	$19.49	$19.88	$19.93
Tangible Book Value per Share	$0.00	$16.26	$34.05	$34.95	$37.18	$39.02	$20.23	$18.92	$19.49	$19.88	$19.93
Total Capital	0.00	3,753	3,846	3,912	4,143	4,338	4,482	4,172	4,236	4,305	4,295
Total Debt	0.00	100	100	80	80	80	80	60	60	60	60
Total Long-Term Debt	0.00	80	80	60	60	60	60	40	40	40	40
Net Debt	0.00	-136	-132	25	-127	-354	-501	-45	-14	-49	-37
Capital Expenditures (CapEx)	181	268	224	237	167	80	118	235	231	167	83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	188	115	192	215	185	152	170	127	91	100
Debt-free Net Working Capital (DFNWC)	0.00	424	347	248	422	619	733	274	201	200	197
Net Working Capital (NWC)	0.00	404	327	228	402	599	713	254	181	180	177
Net Nonoperating Expense (NNE)	0.01	-1.33	-0.82	-0.25	-1.03	-3.27	-4.80	-3.59	-0.94	-0.91	-0.44
Net Nonoperating Obligations (NNO)	0.00	-136	-132	25	-127	-354	-501	-45	-14	-49	-37
Total Depreciation and Amortization (D&A)	68	72	76	80	84	85	85	85	87	89	89
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	3.01%	1.85%	3.23%	3.67%	3.15%	2.58%	2.84%	2.15%	1.57%	1.74%
Debt-free Net Working Capital to Revenue	0.00%	6.77%	5.60%	4.16%	7.20%	10.55%	12.46%	4.60%	3.40%	3.44%	3.44%
Net Working Capital to Revenue	0.00%	6.45%	5.28%	3.82%	6.86%	10.21%	12.12%	4.26%	3.06%	3.10%	3.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.72	$1.30	$1.34	$1.56	$0.74	$1.34	$1.49	$1.44	$1.22	$1.20
Adjusted Weighted Average Basic Shares Outstanding	0.00	449.36M	219.91M	219.04M	218.39M	437.68M	217.59M	216.37M	214.09M	215.33M	212.40M
Adjusted Diluted Earnings per Share	$0.00	$0.72	$1.29	$1.33	$1.55	$0.74	$1.34	$1.48	$1.43	$1.22	$1.19
Adjusted Weighted Average Diluted Shares Outstanding	0.00	452.31M	221.36M	220.40M	219.67M	440.36M	218.81M	217.54M	215.23M	216.49M	213.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.72	$0.00	$0.00	$0.00	$0.74	$0.00	$0.00	$0.00	$1.22	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	220.05M	219.30M	218.54M	218.23M	217.67M	217.29M	214.30M	213.50M	212.55M	211.33M
Normalized Net Operating Profit after Tax (NOPAT)	377	323	284	292	338	320	288	318	308	262	254
Normalized NOPAT Margin	23.53%	21.63%	19.71%	20.67%	22.32%	21.37%	19.69%	21.25%	20.92%	18.92%	18.49%
Pre Tax Income Margin	30.93%	28.96%	26.64%	27.73%	29.46%	28.44%	26.91%	28.45%	27.42%	24.19%	24.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	497.22	1,533.33	1,907.69	4,378.06	4,935.09	4,942.33	10,420.19	3,210.81	21,123.05	13,331.88	168,492.00
NOPAT to Interest Expense	378.55	1,152.14	1,421.11	3,282.18	3,758.40	3,759.30	7,770.29	2,430.95	16,191.37	10,489.49	127,108.54
EBIT Less CapEx to Interest Expense	316.07	575.06	785.43	1,711.39	3,075.63	4,006.62	7,232.30	1,418.01	8,942.00	6,654.08	127,033.50
NOPAT Less CapEx to Interest Expense	197.40	193.88	298.84	615.52	1,898.94	2,823.60	4,582.40	638.15	4,010.32	3,811.69	85,650.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	9.77%	10.59%	12.06%	13.26%	14.13%	15.05%	15.66%	17.00%	18.85%	19.72%
Augmented Payout Ratio	0.00%	102.51%	89.90%	78.34%	59.05%	50.72%	46.91%	74.30%	86.86%	100.41%	114.03%

Key Financial Trends

Old Dominion Freight Line reported mixed Q1 2025 results with strong profitability metrics but continued revenue pressure and negative free cash flow.

High ROIC: Return on invested capital was 26.2% in Q1 2025, well above cost of capital, showing efficient use of assets.
Strong operating cash flow: Generated $336.5 million from operations in Q1 2025, converting earnings into cash effectively.
Stable margins: Gross margin remained above 50%, consistent with historical levels, supporting operating leverage.
Dividend policy: Dividend yield stayed around 0.64%, reflecting a conservative payout and returning cash to shareholders.
Revenue decline: Total revenue fell 5.8% year-over-year in Q1 2025, marking a second straight quarterly drop.
Negative free cash flow: Free cash flow to firm was ‑$43.3 million in Q1 2025, worsening from ‑$29.7 million in Q4 2024.
Flattening EBITDA growth: EBITDA grew only 0.95% quarter-over-quarter, down from stronger rates in prior quarters.
Elevated CapEx: Capital expenditures of $88.1 million in Q1 2025 remain high, pressuring cash generation.
Heavy share repurchases: Spent $201 million repurchasing common equity in Q1 2025, reducing cash reserves.
Earnings pressure: Net income and EPS declined about 12.9% and 11.2% year-over-year, respectively, in Q1 2025.

06/23/25 04:43 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Old Dominion Freight Line's Financials

When does Old Dominion Freight Line's financial year end?

According to the most recent income statement we have on file, Old Dominion Freight Line's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Old Dominion Freight Line's net income changed over the last 9 years?

Old Dominion Freight Line's net income appears to be on an upward trend, with a most recent value of $1.19 billion in 2024, rising from $304.69 million in 2015. The previous period was $1.24 billion in 2023. See where experts think Old Dominion Freight Line is headed by visiting Old Dominion Freight Line's forecast page.

What is Old Dominion Freight Line's operating income?

Old Dominion Freight Line's total operating income in 2024 was $1.54 billion, based on the following breakdown:

Total Gross Profit: $3.00 billion
Total Operating Expenses: $1.46 billion

How has Old Dominion Freight Line's revenue changed over the last 9 years?

Over the last 9 years, Old Dominion Freight Line's total revenue changed from $2.97 billion in 2015 to $5.81 billion in 2024, a change of 95.6%.

How much debt does Old Dominion Freight Line have?

Old Dominion Freight Line's total liabilities were at $1.25 billion at the end of 2024, a 0.6% decrease from 2023, and a 59.5% increase since 2015.

How much cash does Old Dominion Freight Line have?

In the past 9 years, Old Dominion Freight Line's cash and equivalents has ranged from $10.17 million in 2016 to $462.56 million in 2021, and is currently $108.68 million as of their latest financial filing in 2024.

How has Old Dominion Freight Line's book value per share changed over the last 9 years?

Over the last 9 years, Old Dominion Freight Line's book value per share changed from 19.92 in 2015 to 19.88 in 2024, a change of -0.2%.

Related Companies

This page (NASDAQ:ODFL) was last updated on 6/23/2025 by MarketBeat.com Staff

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Old Dominion Freight Line (ODFL) Financials

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Old Dominion Freight Line (ODFL) Financials

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