Old Dominion Freight Line (ODFL) Financials

$204.13 +1.01 (+0.50%)

Closing price 05/18/2026 04:00 PM Eastern

Extended Trading

$203.42 -0.70 (-0.35%)

As of 07:06 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	305	296	464	606	616	673	1,034	1,377	1,240	1,186	1,024
Consolidated Net Income / (Loss)	305	296	464	606	616	673	1,034	1,377	1,240	1,186	1,024
Net Income / (Loss) Continuing Operations	305	296	464	606	616	673	1,034	1,377	1,240	1,186	1,024
Total Pre-Tax Income	490	478	576	816	824	901	1,388	1,841	1,648	1,558	1,361
Total Operating Income	498	484	576	817	819	907	1,392	1,841	1,641	1,544	1,361
Total Gross Profit	812	1,145	1,343	1,841	1,897	1,832	2,603	3,345	3,115	3,003	2,751
Total Revenue	2,972	2,992	3,358	4,044	4,109	4,015	5,256	6,260	5,866	5,815	5,496
Operating Revenue	2,972	2,992	3,358	4,044	4,109	4,015	5,256	6,260	5,866	5,815	5,496
Total Cost of Revenue	2,160	1,846	2,015	2,203	2,212	2,183	2,654	2,916	2,751	2,812	2,745
Operating Cost of Revenue	2,160	1,846	2,015	2,203	2,212	2,183	2,654	2,916	2,751	2,812	2,745
Total Operating Expenses	314	661	768	1,024	1,078	925	1,211	1,504	1,474	1,459	1,390
Selling, General & Admin Expense	89	426	520	637	626	504	730	1,028	886	836	773
Marketing Expense	37	38	42	44	53	42	54	58	75	92	74
Depreciation Expense	165	190	206	230	254	261	260	276	324	345	365
Other Operating Expenses / (Income)	22	7.92	-	112	146	117	168	141	189	186	178
Total Other Income / (Expense), net	-8.22	-6.25	-0.05	-1.54	5.24	-5.52	-3.18	0.72	7.10	14	0.26
Interest Expense	5.21	4.33	2.15	0.19	0.38	2.78	1.73	1.56	0.46	0.21	0.30
Interest & Investment Income	0.21	0.06	0.74	3.11	6.76	1.83	0.79	4.88	13	17	4.15
Other Income / (Expense), net	-3.22	-1.97	1.36	-4.46	-1.14	-4.57	-2.24	-2.60	-5.23	-3.20	-3.59
Income Tax Expense	185	182	112	210	208	229	354	464	408	372	338
Basic Earnings per Share	$3.57	$3.56	$5.63	$4.93	$5.11	$5.71	$8.94	$6.13	$5.66	$5.51	$4.86
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	210.54M
Diluted Earnings per Share	$3.57	$3.56	$5.63	$4.92	$5.10	$5.68	$8.89	$6.09	$5.63	$5.48	$4.84
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	211.60M
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	208.43M
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	$1.12

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	339	323	292	322	309	263	255	269	271	229	238
Consolidated Net Income / (Loss)	339	323	292	322	309	263	255	269	271	229	238
Net Income / (Loss) Continuing Operations	339	323	292	322	309	263	255	269	271	229	238
Total Pre-Tax Income	446	425	393	426	403	335	339	357	360	305	318
Total Operating Income	445	421	386	422	402	334	338	358	361	304	317
Total Gross Profit	821	805	761	773	758	701	689	707	715	640	669
Total Revenue	1,515	1,496	1,460	1,499	1,470	1,386	1,375	1,408	1,407	1,307	1,335
Operating Revenue	1,515	1,496	1,460	1,499	1,470	1,386	1,375	1,408	1,407	1,307	1,335
Total Cost of Revenue	695	691	699	726	712	685	686	701	691	668	666
Operating Cost of Revenue	695	691	699	726	712	685	686	701	691	668	666
Total Operating Expenses	376	384	375	351	356	367	351	349	354	335	351
Selling, General & Admin Expense	228	214	225	213	206	193	198	195	199	180	199
Marketing Expense	16	28	18	17	17	40	17	19	19	19	18
Depreciation Expense	84	85	85	85	87	89	89	91	92	93	92
Other Operating Expenses / (Income)	47	57	47	36	47	45	46	44	44	43	43
Total Other Income / (Expense), net	1.36	4.31	6.46	4.76	1.23	1.16	0.59	-0.68	-0.54	0.90	0.34
Interest Expense	0.09	0.09	0.04	0.13	0.02	0.03	0.00	0.01	0.00	0.28	0.30
Interest & Investment Income	2.31	5.31	7.37	5.96	1.78	1.90	1.66	0.68	0.56	1.24	2.28
Other Income / (Expense), net	-0.86	-0.91	-0.88	-1.08	-0.52	-0.72	-1.07	-1.36	-1.10	-0.06	-1.64
Income Tax Expense	107	103	101	104	95	72	84	89	89	76	79
Basic Earnings per Share	$1.55	$1.48	$1.34	$1.49	$1.44	$1.22	$1.20	$1.27	$1.29	$1.09	$1.14
Weighted Average Basic Shares Outstanding	218.39M	218.84M	217.59M	216.37M	214.09M	215.33M	212.40M	211.08M	209.85M	210.54M	208.28M
Diluted Earnings per Share	$1.54	$1.48	$1.34	$1.48	$1.43	$1.22	$1.19	$1.27	$1.28	$1.09	$1.14
Weighted Average Diluted Shares Outstanding	219.67M	220.18M	218.81M	217.54M	215.23M	216.49M	213.48M	212.16M	210.90M	211.60M	209.32M
Weighted Average Basic & Diluted Shares Outstanding	109.11M	108.84M	217.29M	214.30M	213.50M	212.55M	211.33M	210.17M	209.10M	208.43M	207.97M
Cash Dividends to Common per Share	$0.20	$0.20	$0.26	$0.26	$0.26	$0.26	$0.28	$0.28	$0.28	$0.28	$0.29

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-23	-1.30	117	63	213	-2.14	61	-276	247	-325	11
Net Cash From Operating Activities	554	566	536	900	984	933	1,213	1,692	1,569	1,659	1,370
Net Cash From Continuing Operating Activities	591	566	536	900	984	933	1,213	1,692	1,569	1,659	1,370
Net Income / (Loss) Continuing Operations	305	296	464	606	616	673	1,034	1,377	1,240	1,186	1,024
Consolidated Net Income / (Loss)	305	296	464	606	616	673	1,034	1,377	1,240	1,186	1,024
Depreciation Expense	165	190	206	230	254	261	260	276	324	345	365
Non-Cash Adjustments To Reconcile Net Income	3.59	1.58	4.52	5.37	23	24	29	29	7.19	25	33
Changes in Operating Assets and Liabilities, net	117	78	-138	59	81	-25	-111	9.23	-2.01	103	-52
Net Cash From Investing Activities	-438	-407	-368	-580	-474	-552	-455	-547	-660	-751	-366
Net Cash From Continuing Investing Activities	-438	-407	-368	-580	-474	-552	-455	-547	-660	-751	-366
Purchase of Property, Plant & Equipment	-462	-418	-382	-588	-479	-225	-550	-775	-757	-771	-415
Purchase of Investments	-	-	-	0.00	0.00	-360	-359	-164	0.00	-30	0.00
Sale of Property, Plant & Equipment	24	11	12	6.98	5.69	3.69	20	22	49	20	49
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	30	435	369	49	30	0.00
Other Investing Activities, net	0.00	0.00	2.14	0.92	0.00	-0.10	-0.50	-	0.00	0.00	0.10
Net Cash From Financing Activities	-140	-159	-51	-257	-297	-384	-696	-1,420	-662	-1,233	-992
Net Cash From Continuing Financing Activities	-140	-159	-51	-257	-297	-384	-696	-1,420	-662	-1,233	-992
Repayment of Debt	-38	-27	-10	-51	-1.45	-48	-4.85	-8.66	-33	-42	-26
Repurchase of Common Equity	-114	-130	-8.01	-163	-241	-364	-536	-1,277	-454	-967	-730
Payment of Dividends	-	0.00	-33	-43	-55	-71	-92	-134	-175	-224	-236
Issuance of Debt	12	-2.34	-	0.00	0.00	100	0.00	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	8.55

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	151	227	147	-507	-0.14	35	-11	-73	23	73	168
Net Cash From Operating Activities	429	437	424	388	446	401	337	286	437	310	374
Net Cash From Continuing Operating Activities	429	437	424	388	446	401	337	286	437	310	374
Net Income / (Loss) Continuing Operations	339	323	292	322	309	263	255	269	271	229	238
Consolidated Net Income / (Loss)	339	323	292	322	309	263	255	269	271	229	238
Depreciation Expense	84	85	85	85	87	89	89	91	92	93	92
Non-Cash Adjustments To Reconcile Net Income	-1.02	15	0.73	0.57	-3.16	27	1.74	1.60	2.68	27	-2.84
Changes in Operating Assets and Liabilities, net	6.90	15	46	-19	54	22	-9.02	-75	72	-39	46
Net Cash From Investing Activities	-167	-80	-118	-265	-201	-167	-83	-185	-90	-8.17	-53
Net Cash From Continuing Investing Activities	-167	-80	-118	-265	-201	-167	-83	-185	-90	-8.17	-53
Purchase of Property, Plant & Equipment	-172	-106	-120	-238	-243	-171	-88	-187	-94	-46	-63
Sale of Property, Plant & Equipment	4.62	26	1.56	3.27	11	3.97	5.23	1.83	3.85	38	9.92
Net Cash From Financing Activities	-110	-130	-159	-630	-245	-200	-265	-174	-325	-229	-153
Net Cash From Continuing Financing Activities	-110	-130	-159	-630	-245	-200	-265	-174	-325	-229	-153
Repayment of Debt	-0.86	-0.85	-17	-22	-1.90	-1.67	-4.51	-21	-0.32	-0.28	-4.36
Repurchase of Common Equity	-66	-86	-85	-512	-188	-183	-201	-224	-181	-125	-88
Payment of Dividends	-44	-44	-57	-56	-56	-55	-59	-59	-59	-58	-60

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	2025
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	12/31/2025
Total Assets	2,467	2,696	3,068	3,545	3,996	4,369	4,822	4,839	5,512	5,491	5,470
Total Current Assets	382	383	585	706	867	1,243	1,384	934	1,143	721	695
Cash & Equivalents	11	10	127	190	404	401	463	186	434	109	120
Accounts Receivable	345	334	416	468	408	454	580	592	597	523	494
Prepaid Expenses	25	38	41	48	55	57	68	93	94	84	80
Plant, Property, & Equipment, net	2,023	2,241	2,404	2,755	2,969	2,914	3,216	3,687	4,095	4,505	4,504
Plant, Property & Equipment, gross	2,953	3,285	3,580	4,073	4,433	4,591	5,136	5,816	6,250	6,831	6,881
Accumulated Depreciation	929	1,044	1,175	1,318	1,464	1,677	1,920	2,129	2,154	2,326	2,377
Total Noncurrent Assets	61	72	79	84	160	212	222	218	274	265	271
Other Noncurrent Operating Assets	42	53	60	65	160	212	222	218	274	265	271
Total Liabilities & Shareholders' Equity	2,467	2,696	3,068	3,545	3,996	4,369	4,822	4,839	5,512	5,491	5,470
Total Liabilities	782	845	792	865	915	1,043	1,142	1,186	1,255	1,247	1,159
Total Current Liabilities	285	289	351	357	366	373	464	530	545	541	484
Short-Term Debt	26	0.00	50	-	-	-	0.00	20	20	20	20
Accounts Payable	67	89	74	79	70	69	83	106	113	92	63
Accrued Expenses	23	23	25	26	46	52	62	52	70	70	70
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	2.85	8.71	-	-	-	0.00	13
Current Employee Benefit Liabilities	125	129	153	198	193	191	258	288	279	285	239
Other Current Liabilities	45	47	50	53	54	53	62	63	63	73	79
Total Noncurrent Liabilities	496	556	441	508	549	670	678	656	710	706	675
Long-Term Debt	107	105	45	45	45	100	100	80	60	40	20
Noncurrent Deferred & Payable Income Tax Liabilities	235	273	190	248	262	220	249	311	363	382	371
Other Noncurrent Operating Liabilities	154	179	206	215	242	350	329	265	287	284	285
Commitments & Contingencies	-	-	0.00	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	4,311
Total Preferred & Common Equity	1,685	1,851	2,277	2,680	3,081	3,326	3,680	3,653	4,258	4,245	4,311
Total Common Equity	1,685	1,851	2,277	2,680	3,081	3,326	3,680	3,653	4,258	4,245	4,311
Common Stock	143	144	147	150	230	238	186	256	253	249	255
Retained Earnings	1,542	1,707	2,130	2,530	2,850	3,088	3,494	3,397	4,005	3,995	4,056

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,979	5,299	5,512	5,651	5,343	5,426	5,491	5,491	5,551	5,517	5,657
Total Current Assets	731	954	1,143	1,264	807	735	721	734	698	664	926
Cash & Equivalents	55	207	434	581	74	74	109	97	24	47	288
Accounts Receivable	559	648	597	604	598	566	523	569	552	540	567
Prepaid Expenses	107	84	94	79	98	84	84	69	88	77	72
Plant, Property, & Equipment, net	4,001	4,085	4,095	4,128	4,278	4,426	4,505	4,497	4,590	4,586	4,467
Plant, Property & Equipment, gross	6,147	6,245	6,250	6,345	6,533	6,697	6,831	6,840	6,967	6,994	6,912
Accumulated Depreciation	2,146	2,160	2,154	2,217	2,255	2,271	2,326	2,342	2,377	2,408	2,445
Total Noncurrent Assets	247	259	274	260	258	265	265	260	263	267	263
Other Noncurrent Operating Assets	247	259	274	260	258	265	265	260	263	267	263
Total Liabilities & Shareholders' Equity	4,979	5,299	5,512	5,651	5,343	5,426	5,491	5,491	5,551	5,517	5,657
Total Liabilities	1,147	1,236	1,255	1,250	1,231	1,250	1,247	1,256	1,320	1,253	1,257
Total Current Liabilities	503	552	545	551	553	554	541	557	507	551	592
Short-Term Debt	20	20	20	20	20	20	20	20	20	20	20
Accounts Payable	97	116	113	98	113	99	92	84	86	82	94
Accrued Expenses	76	78	70	61	73	77	70	69	69	74	68
Current Deferred & Payable Income Tax Liabilities	-	-	-	77	26	11	-	77	-	20	89
Current Employee Benefit Liabilities	250	278	279	233	260	284	285	233	257	282	241
Other Current Liabilities	61	61	63	63	61	62	73	73	75	73	79
Total Noncurrent Liabilities	644	683	710	699	678	697	706	699	814	702	666
Long-Term Debt	60	60	60	60	40	40	40	40	150	65	20
Noncurrent Deferred & Payable Income Tax Liabilities	311	347	363	363	363	375	382	382	382	354	371
Other Noncurrent Operating Liabilities	273	276	287	276	275	282	284	277	282	283	275
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235	4,231	4,263	4,400
Total Preferred & Common Equity	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235	4,231	4,263	4,400
Total Common Equity	3,832	4,063	4,258	4,402	4,112	4,176	4,245	4,235	4,231	4,263	4,400
Common Stock	250	252	253	247	208	208	249	248	250	253	255
Retained Earnings	3,582	3,811	4,005	4,154	3,904	3,967	3,995	3,988	3,981	4,011	4,145

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.62%	0.64%	12.25%	20.42%	1.62%	-2.29%	30.91%	19.10%	-6.29%	-0.88%	-5.48%
EBITDA Growth	12.79%	1.72%	16.57%	33.20%	3.77%	7.51%	41.74%	28.18%	-7.29%	-3.80%	-8.66%
EBIT Growth	12.76%	-2.66%	19.80%	40.77%	0.61%	10.37%	53.98%	32.29%	-11.02%	-5.79%	-11.90%
NOPAT Growth	13.50%	-3.28%	54.79%	30.83%	0.79%	10.66%	53.18%	32.78%	-10.35%	-4.74%	-12.95%
Net Income Growth	13.90%	-2.93%	56.80%	30.60%	1.63%	9.29%	53.77%	33.14%	-10.00%	-4.31%	-13.69%
EPS Growth	15.16%	-0.28%	58.15%	30.60%	1.63%	11.37%	56.51%	33.14%	-10.00%	-2.66%	-11.68%
Operating Cash Flow Growth	41.41%	2.11%	-5.18%	67.84%	9.31%	-5.17%	29.97%	39.50%	-7.24%	5.75%	-17.43%
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%	11.84%
Invested Capital Growth	11.89%	7.69%	15.34%	12.96%	7.37%	-1.02%	13.67%	14.84%	11.00%	7.48%	0.84%
Revenue Q/Q Growth	0.46%	0.37%	4.53%	3.48%	-0.43%	1.62%	6.85%	0.00%	0.07%	-1.85%	-1.41%
EBITDA Q/Q Growth	0.94%	0.65%	4.69%	8.52%	-1.49%	6.18%	7.83%	0.00%	0.17%	-4.20%	-1.44%
EBIT Q/Q Growth	0.30%	-0.20%	5.78%	9.79%	-3.48%	8.04%	9.29%	0.00%	-0.56%	-5.33%	-2.10%
NOPAT Q/Q Growth	0.78%	-1.21%	37.78%	-5.65%	-2.79%	7.55%	9.37%	0.00%	-0.25%	-4.65%	-3.17%
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%	-3.18%
EPS Q/Q Growth	1.13%	-0.56%	38.33%	-5.87%	-2.45%	6.17%	8.55%	0.00%	-0.09%	-5.84%	-3.97%
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%	-6.21%
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%	7.80%
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%	-1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.33%	38.28%	40.00%	45.53%	46.17%	45.62%	49.51%	53.43%	53.10%	51.64%	50.05%
EBITDA Margin	22.22%	22.45%	23.32%	25.79%	26.34%	28.98%	31.38%	33.77%	33.41%	32.42%	31.33%
Operating Margin	16.76%	16.17%	17.15%	20.21%	19.92%	22.59%	26.47%	29.40%	27.97%	26.55%	24.76%
EBIT Margin	16.65%	16.11%	17.19%	20.10%	19.90%	22.47%	26.43%	29.36%	27.88%	26.50%	24.70%
Profit (Net Income) Margin	10.25%	9.89%	13.81%	14.98%	14.98%	16.75%	19.68%	22.00%	21.13%	20.40%	18.63%
Tax Burden Percent	62.18%	61.93%	80.54%	74.27%	74.70%	74.63%	74.50%	74.79%	75.22%	76.15%	75.20%
Interest Burden Percent	98.99%	99.11%	99.76%	100.36%	100.78%	99.89%	99.93%	100.18%	100.75%	101.09%	100.28%
Effective Tax Rate	37.82%	38.07%	19.46%	25.73%	25.30%	25.37%	25.50%	25.21%	24.78%	23.85%	24.80%
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%	24.29%
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%	23.98%
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%	-0.36%
Return on Equity (ROE)	19.17%	16.73%	22.47%	24.44%	21.37%	21.00%	29.53%	37.56%	31.34%	27.90%	23.93%
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%	23.46%
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%	24.77%
Return on Assets (ROA)	13.04%	11.46%	16.09%	18.32%	16.32%	16.08%	22.51%	28.51%	23.95%	21.56%	18.68%
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%	23.93%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	310	300	464	607	612	677	1,037	1,377	1,234	1,176	1,024
NOPAT Margin	10.42%	10.02%	13.81%	15.01%	14.88%	16.86%	19.72%	21.99%	21.04%	20.22%	18.62%
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%	0.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	36.68%	28.45%	27.31%	23.52%
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%	49.95%
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%	14.06%
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	10.56%	22.10%	22.86%	25.32%	26.24%	23.03%	23.04%	24.02%	25.13%	25.09%	25.29%
Earnings before Interest and Taxes (EBIT)	495	482	577	813	818	902	1,389	1,838	1,635	1,541	1,357
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	1,722
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	7.61
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	7.61
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	5.97
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	32.03
Dividend Yield	0.00%	0.00%	0.31%	0.43%	0.36%	0.31%	0.23%	0.43%	0.40%	0.59%	0.71%
Earnings Yield	6.28%	4.31%	4.39%	6.13%	4.14%	2.98%	2.54%	4.38%	2.82%	3.15%	3.12%
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	7.73
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	5.95
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	18.99
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	24.09
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	31.96
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	23.87
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	33.09
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	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	0.00
Financial Leverage	0.08	0.06	0.02	-0.04	-0.09	-0.15	-0.18	-0.10	-0.06	-0.05	-0.02
Leverage Ratio	1.47	1.46	1.40	1.33	1.31	1.31	1.31	1.32	1.31	1.29	1.28
Compound Leverage Factor	1.46	1.45	1.39	1.34	1.32	1.30	1.31	1.32	1.32	1.31	1.28
Debt to Total Capital	7.36%	5.37%	4.01%	1.65%	1.44%	2.92%	2.64%	2.66%	1.84%	1.39%	0.92%
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%	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%	0.46%
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	92.64%	94.63%	95.99%	98.35%	98.56%	97.08%	97.36%	97.34%	98.16%	98.61%	99.08%
Debt to EBITDA	0.20	0.16	0.12	0.04	0.04	0.09	0.06	0.05	0.04	0.03	0.02
Net Debt to EBITDA	0.19	0.14	-0.04	-0.14	-0.33	-0.54	-0.37	-0.06	-0.18	-0.03	-0.05
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	0.01
Debt to NOPAT	0.43	0.35	0.20	0.07	0.07	0.15	0.10	0.07	0.06	0.05	0.04
Net Debt to NOPAT	0.39	0.32	-0.07	-0.24	-0.59	-0.93	-0.60	-0.10	-0.29	-0.04	-0.08
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	0.02
Altman Z-Score	6.51	7.50	10.78	9.87	12.61	15.82	24.70	19.53	24.23	21.17	19.88
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	1.34	1.33	1.67	1.98	2.37	3.33	2.98	1.76	2.10	1.33	1.44
Quick Ratio	1.25	1.19	1.55	1.85	2.22	3.18	2.79	1.56	1.89	1.17	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	118	161	165	316	425	704	669	922	847	884	988
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%	373.83%
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	3,339.34
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	4,628.83
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	3,390.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.27	1.16	1.17	1.22	1.09	0.96	1.14	1.30	1.13	1.06	1.00
Accounts Receivable Turnover	8.58	8.80	8.95	9.15	9.38	9.31	10.17	10.68	9.87	10.39	10.81
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	1.58	1.40	1.45	1.57	1.44	1.37	1.72	1.81	1.51	1.35	1.22
Accounts Payable Turnover	38.54	23.67	24.73	28.94	29.74	31.47	35.14	30.89	25.12	27.49	35.54
Days Sales Outstanding (DSO)	42.55	41.46	40.77	39.90	38.93	39.20	35.90	34.18	37.00	35.13	33.77
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)	9.47	15.42	14.76	12.61	12.27	11.60	10.39	11.82	14.53	13.28	10.27
Cash Conversion Cycle (CCC)	33.08	26.04	26.01	27.28	26.65	27.60	25.52	22.36	22.47	21.86	23.50
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	4,231
Invested Capital Turnover	1.74	1.59	1.60	1.69	1.56	1.48	1.83	1.90	1.58	1.44	1.30
Increase / (Decrease) in Invested Capital	192	139	298	291	187	-28	368	454	387	292	35
Enterprise Value (EV)	4,973	6,961	10,529	9,730	14,525	21,947	40,139	31,282	43,644	37,612	32,707
Market Capitalization	4,850	6,866	10,562	9,875	14,883	22,579	40,756	31,417	43,998	37,661	32,787
Book Value per Share	$19.92	$22.45	$27.64	$32.79	$38.59	$28.35	$32.00	$16.26	$39.02	$19.88	$20.62
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	$20.62
Total Capital	1,818	1,956	2,372	2,725	3,126	3,426	3,780	3,753	4,338	4,305	4,351
Total Debt	134	105	95	45	45	100	100	100	80	60	40
Total Long-Term Debt	107	105	45	45	45	100	100	80	60	40	20
Net Debt	122	95	-32	-145	-359	-632	-617	-136	-354	-49	-80
Capital Expenditures (CapEx)	438	407	370	581	474	221	531	753	709	751	367
Debt-free, Cash-free Net Working Capital (DFCFNWC)	111	84	156	159	97	139	203	188	185	91	111
Debt-free Net Working Capital (DFNWC)	123	94	284	349	501	870	920	424	619	200	231
Net Working Capital (NWC)	96	94	234	349	501	870	920	404	599	180	211
Net Nonoperating Expense (NNE)	5.11	3.87	0.04	1.14	-3.92	4.12	2.37	-0.54	-5.34	-10	-0.20
Net Nonoperating Obligations (NNO)	122	95	-32	-145	-359	-632	-617	-136	-354	-49	-80
Total Depreciation and Amortization (D&A)	165	190	206	230	265	261	260	276	324	345	365
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%	2.02%
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%	4.20%
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%	3.84%
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	$4.86
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	210.54M
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	$4.84
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	211.60M
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	$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	208.43M
Normalized Net Operating Profit after Tax (NOPAT)	310	300	464	607	612	677	1,037	1,377	1,234	1,176	1,024
Normalized NOPAT Margin	10.42%	10.02%	13.81%	15.01%	14.88%	16.86%	19.72%	21.99%	21.04%	20.22%	18.62%
Pre Tax Income Margin	16.49%	15.96%	17.15%	20.17%	20.05%	22.45%	26.41%	29.41%	28.09%	26.79%	24.77%
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	4,586.01
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	3,457.79
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	3,347.80
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	2,219.58
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%	23.02%
Augmented Payout Ratio	37.45%	44.06%	8.83%	33.98%	48.01%	64.68%	60.79%	102.51%	50.72%	100.41%	94.36%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	208,425,619.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	208,425,619.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.51%	0.26%	1.24%	6.05%	-2.97%	-7.34%	-5.84%	-6.07%	-4.33%	-5.67%	-2.92%
EBITDA Growth	-6.36%	0.67%	2.75%	7.62%	-7.61%	-16.37%	-9.35%	-11.48%	-7.39%	-5.98%	-4.25%
EBIT Growth	-10.40%	-2.15%	1.05%	7.95%	-9.64%	-20.66%	-12.60%	-15.23%	-10.36%	-8.73%	-6.32%
NOPAT Growth	-10.38%	-0.95%	1.15%	9.02%	-9.05%	-17.93%	-11.58%	-15.49%	-11.79%	-12.75%	-6.38%
Net Income Growth	-10.10%	-0.34%	2.55%	10.15%	-9.05%	-18.48%	-12.88%	-16.59%	-12.20%	-12.80%	-6.44%
EPS Growth	-10.10%	-0.34%	3.88%	11.28%	-7.14%	-17.57%	-11.19%	-14.19%	-10.49%	-10.66%	-4.20%
Operating Cash Flow Growth	-16.52%	20.85%	2.05%	34.75%	4.02%	-8.16%	-20.61%	-26.30%	-2.02%	-22.63%	11.03%
Free Cash Flow Firm Growth	-207.97%	49.01%	100.33%	132.78%	102.29%	55.87%	-4,945.30%	-137.15%	59.04%	752.90%	757.68%
Invested Capital Growth	0.00%	11.00%	7.93%	5.46%	5.72%	7.48%	7.63%	7.60%	3.37%	0.84%	-1.11%
Revenue Q/Q Growth	7.22%	-1.30%	-2.37%	2.65%	-1.90%	-5.74%	-0.79%	2.39%	-0.09%	-7.05%	2.10%
EBITDA Q/Q Growth	12.52%	-4.44%	-6.87%	7.47%	-3.40%	-13.50%	0.95%	4.95%	1.07%	-12.19%	2.81%
EBIT Q/Q Growth	13.99%	-5.42%	-8.22%	9.10%	-4.58%	-16.95%	1.11%	5.80%	0.90%	-15.44%	3.78%
NOPAT Q/Q Growth	15.80%	-5.53%	-10.03%	10.77%	-3.40%	-14.76%	-3.06%	5.87%	0.82%	-15.68%	4.03%
Net Income Q/Q Growth	16.05%	-4.85%	-9.45%	10.17%	-4.18%	-14.72%	-3.22%	5.48%	0.86%	-15.31%	3.83%
EPS Q/Q Growth	16.05%	-4.85%	-54.58%	10.45%	-3.38%	-14.69%	-2.46%	6.72%	0.79%	-14.84%	4.59%
Operating Cash Flow Q/Q Growth	49.12%	1.74%	-2.93%	-8.50%	15.11%	-10.17%	-16.09%	-15.06%	53.04%	-29.07%	20.41%
Free Cash Flow Firm Q/Q Growth	-992.06%	98.13%	101.33%	11,998.84%	-23.55%	-135.94%	-45.78%	7.24%	427.30%	47.53%	46.84%
Invested Capital Q/Q Growth	2.06%	-0.83%	-0.09%	4.27%	2.32%	0.83%	0.05%	4.25%	-1.71%	-1.64%	-1.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.16%	53.80%	52.12%	52.24%	51.56%	50.57%	50.12%	50.23%	50.85%	48.93%	50.10%
EBITDA Margin	34.86%	33.75%	32.20%	33.71%	33.19%	30.46%	30.99%	31.77%	32.13%	30.36%	30.57%
Operating Margin	29.37%	28.15%	26.47%	28.14%	27.33%	24.10%	24.59%	25.42%	25.66%	23.27%	23.78%
EBIT Margin	29.31%	28.09%	26.41%	28.07%	27.30%	24.05%	24.51%	25.33%	25.58%	23.27%	23.65%
Profit (Net Income) Margin	22.39%	21.59%	20.02%	21.49%	20.99%	18.99%	18.52%	19.08%	19.26%	17.55%	17.85%
Tax Burden Percent	76.01%	75.90%	74.40%	75.52%	76.55%	78.51%	75.20%	75.20%	75.20%	75.20%	75.00%
Interest Burden Percent	100.50%	101.24%	101.90%	101.39%	100.44%	100.56%	100.49%	100.19%	100.15%	100.31%	100.63%
Effective Tax Rate	23.99%	24.10%	25.60%	24.48%	23.45%	21.49%	24.80%	24.80%	24.80%	24.80%	25.00%
Return on Invested Capital (ROIC)	66.49%	33.78%	30.84%	32.02%	30.62%	27.17%	26.16%	25.53%	25.42%	22.83%	23.31%
ROIC Less NNEP Spread (ROIC-NNEP)	64.86%	32.44%	29.32%	-4.32%	29.28%	26.72%	26.00%	24.53%	22.05%	21.78%	23.13%
Return on Net Nonoperating Assets (RNNOA)	-2.02%	-2.01%	-2.28%	0.01%	-0.50%	-1.26%	-1.62%	0.30%	0.06%	-0.33%	-0.76%
Return on Equity (ROE)	64.47%	31.77%	28.56%	32.03%	30.12%	25.90%	24.54%	25.83%	25.48%	22.50%	22.54%
Cash Return on Invested Capital (CROIC)	-137.14%	22.84%	25.30%	26.58%	24.90%	21.82%	20.87%	18.57%	21.67%	23.46%	25.24%
Operating Return on Assets (OROA)	64.86%	31.84%	29.29%	32.46%	30.16%	25.42%	25.21%	26.22%	26.06%	23.34%	23.15%
Return on Assets (ROA)	49.54%	24.47%	22.21%	24.85%	23.19%	20.07%	19.05%	19.75%	19.63%	17.60%	17.47%
Return on Common Equity (ROCE)	64.47%	31.77%	28.56%	32.03%	30.12%	25.90%	24.54%	25.83%	25.48%	22.50%	22.54%
Return on Equity Simple (ROE_SIMPLE)	30.53%	0.00%	28.33%	31.04%	29.83%	0.00%	27.12%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	338	320	288	318	308	262	254	269	271	229	238
NOPAT Margin	22.32%	21.37%	19.69%	21.25%	20.92%	18.92%	18.49%	19.12%	19.29%	17.50%	17.83%
Net Nonoperating Expense Percent (NNEP)	1.63%	1.34%	1.52%	36.34%	1.34%	0.45%	0.16%	1.01%	3.37%	1.05%	0.18%
Return On Investment Capital (ROIC_SIMPLE)	-	7.37%	-	-	-	6.09%	5.92%	6.12%	6.24%	5.26%	5.36%
Cost of Revenue to Revenue	45.84%	46.20%	47.88%	47.76%	48.44%	49.43%	49.88%	49.77%	49.15%	51.07%	49.90%
SG&A Expenses to Revenue	15.07%	14.31%	15.41%	14.22%	13.98%	13.90%	14.40%	13.88%	14.16%	13.79%	14.88%
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	24.79%	25.65%	25.65%	24.10%	24.23%	26.46%	25.53%	24.81%	25.19%	25.65%	26.32%
Earnings before Interest and Taxes (EBIT)	444	420	386	421	401	333	337	357	360	304	316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	528	505	470	505	488	422	426	447	452	397	408
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.95	10.33	10.86	9.33	10.19	8.87	8.30	8.11	6.94	7.61	9.26
Price to Tangible Book Value (P/TBV)	10.95	10.33	10.86	9.33	10.19	8.87	8.30	8.11	6.94	7.61	9.26
Price to Revenue (P/Rev)	7.59	7.50	8.12	6.43	7.19	6.48	6.14	6.08	5.31	5.97	7.46
Price to Earnings (P/E)	35.86	35.50	38.33	30.06	34.17	31.75	30.62	31.32	27.98	32.03	40.43
Dividend Yield	0.37%	0.40%	0.00%	0.52%	0.49%	0.59%	0.64%	0.67%	0.78%	0.71%	0.58%
Earnings Yield	2.79%	2.82%	2.61%	3.33%	2.93%	3.15%	3.27%	3.19%	3.57%	3.12%	2.47%
Enterprise Value to Invested Capital (EV/IC)	11.27	11.18	12.12	9.42	10.23	8.96	8.37	7.87	6.89	7.73	9.75
Enterprise Value to Revenue (EV/Rev)	7.57	7.44	8.04	6.42	7.18	6.47	6.13	6.11	5.31	5.95	7.42
Enterprise Value to EBITDA (EV/EBITDA)	22.67	22.27	23.97	19.09	21.62	19.95	19.08	19.31	16.95	18.99	23.75
Enterprise Value to EBIT (EV/EBIT)	26.97	26.69	28.84	22.95	26.15	24.41	23.54	24.12	21.37	24.09	30.29
Enterprise Value to NOPAT (EV/NOPAT)	35.85	35.36	38.21	30.33	34.51	31.99	30.75	31.51	28.03	31.96	40.19
Enterprise Value to Operating Cash Flow (EV/OCF)	29.69	27.81	29.97	22.85	25.11	22.67	22.35	23.43	20.28	23.87	28.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	51.50	49.73	36.39	42.22	42.56	41.57	43.93	32.31	33.09	38.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.04	0.02	0.01	0.01
Long-Term Debt to Equity	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.04	0.02	0.00	0.00
Financial Leverage	-0.03	-0.06	-0.08	0.00	-0.02	-0.05	-0.06	0.01	0.00	-0.02	-0.03
Leverage Ratio	1.30	1.31	1.30	1.30	1.30	1.29	1.29	1.31	1.30	1.28	1.29
Compound Leverage Factor	1.31	1.32	1.33	1.32	1.31	1.30	1.30	1.31	1.30	1.29	1.30
Debt to Total Capital	1.93%	1.84%	1.78%	1.44%	1.42%	1.39%	1.40%	3.86%	1.95%	0.92%	0.90%
Short-Term Debt to Total Capital	0.48%	0.46%	0.45%	0.48%	0.47%	0.46%	0.47%	0.45%	0.46%	0.46%	0.45%
Long-Term Debt to Total Capital	1.45%	1.38%	1.34%	0.96%	0.94%	0.93%	0.93%	3.41%	1.49%	0.46%	0.45%
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	98.07%	98.16%	98.22%	98.56%	98.58%	98.61%	98.60%	96.14%	98.05%	99.08%	99.10%
Debt to EBITDA	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.10	0.05	0.02	0.02
Net Debt to EBITDA	-0.06	-0.18	-0.25	-0.02	-0.01	-0.03	-0.02	0.08	0.02	-0.05	-0.15
Long-Term Debt to EBITDA	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.08	0.04	0.01	0.01
Debt to NOPAT	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.16	0.08	0.04	0.04
Net Debt to NOPAT	-0.10	-0.29	-0.40	-0.04	-0.01	-0.04	-0.03	0.13	0.04	-0.08	-0.25
Long-Term Debt to NOPAT	0.05	0.05	0.05	0.03	0.03	0.03	0.04	0.14	0.06	0.02	0.02
Altman Z-Score	24.08	23.50	25.39	21.16	22.83	20.44	19.10	17.86	16.43	19.24	21.68
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	1.73	2.10	2.29	1.46	1.33	1.33	1.32	1.38	1.20	1.44	1.57
Quick Ratio	1.55	1.89	2.15	1.27	1.16	1.17	1.19	1.14	1.06	1.27	1.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,598	-67	0.89	108	83	-30	-43	-40	131	194	284
Operating Cash Flow to CapEx	256.49%	549.06%	359.38%	165.15%	192.91%	240.23%	405.85%	154.23%	485.59%	3,798.89%	709.64%
Free Cash Flow to Firm to Interest Expense	-39,980.45	-791.00	24.13	824.51	4,345.79	-1,186.91	-21,627.96	-6,687.07	32,830.08	682.16	951.46
Operating Cash Flow to Interest Expense	4,769.28	5,137.56	11,456.57	2,960.73	23,498.74	16,042.36	168,259.50	47,641.17	109,368.50	1,092.58	1,249.61
Operating Cash Flow Less CapEx to Interest Expense	2,909.82	4,201.86	8,268.68	1,167.92	11,317.68	9,364.56	126,801.00	16,752.17	86,845.50	1,063.82	1,073.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.21	1.13	1.11	1.16	1.10	1.06	1.03	1.04	1.02	1.00	0.98
Accounts Receivable Turnover	0.00	9.87	9.94	10.32	9.76	10.39	9.78	9.81	10.08	10.81	9.61
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	1.51	1.48	1.44	1.39	1.35	1.33	1.27	1.24	1.22	1.22
Accounts Payable Turnover	0.00	25.12	25.85	27.18	26.62	27.49	30.77	27.98	30.38	35.54	30.58
Days Sales Outstanding (DSO)	0.00	37.00	36.70	35.37	37.38	35.13	37.33	37.20	36.21	33.77	37.97
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	14.53	14.12	13.43	13.71	13.28	11.86	13.05	12.01	10.27	11.93
Cash Conversion Cycle (CCC)	0.00	22.47	22.59	21.94	23.67	21.86	25.47	24.15	24.19	23.50	26.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,936	3,904	3,901	4,067	4,162	4,196	4,198	4,377	4,302	4,231	4,152
Invested Capital Turnover	2.98	1.58	1.57	1.51	1.46	1.44	1.41	1.34	1.32	1.30	1.31
Increase / (Decrease) in Invested Capital	3,936	387	287	210	225	292	297	309	140	35	-46
Enterprise Value (EV)	44,356	43,644	47,286	38,328	42,554	37,612	35,128	34,444	29,626	32,707	40,478
Market Capitalization	44,483	43,998	47,787	38,373	42,568	37,661	35,166	34,298	29,587	32,787	40,726
Book Value per Share	$37.18	$39.02	$20.23	$18.92	$19.49	$19.88	$19.93	$20.02	$20.28	$20.62	$21.11
Tangible Book Value per Share	$37.18	$39.02	$20.23	$18.92	$19.49	$19.88	$19.93	$20.02	$20.28	$20.62	$21.11
Total Capital	4,143	4,338	4,482	4,172	4,236	4,305	4,295	4,401	4,348	4,351	4,440
Total Debt	80	80	80	60	60	60	60	170	85	40	40
Total Long-Term Debt	60	60	60	40	40	40	40	150	65	20	20
Net Debt	-127	-354	-501	-45	-14	-49	-37	146	38	-80	-248
Capital Expenditures (CapEx)	167	80	118	235	231	167	83	185	90	8.17	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	215	185	152	170	127	91	100	187	86	111	66
Debt-free Net Working Capital (DFNWC)	422	619	733	274	201	200	197	211	132	231	355
Net Working Capital (NWC)	402	599	713	254	181	180	177	191	112	211	335
Net Nonoperating Expense (NNE)	-1.03	-3.27	-4.80	-3.59	-0.94	-0.91	-0.44	0.51	0.41	-0.67	-0.25
Net Nonoperating Obligations (NNO)	-127	-354	-501	-45	-14	-49	-37	146	38	-80	-248
Total Depreciation and Amortization (D&A)	84	85	85	85	87	89	89	91	92	93	92
Debt-free, Cash-free Net Working Capital to Revenue	3.67%	3.15%	2.58%	2.84%	2.15%	1.57%	1.74%	3.32%	1.54%	2.02%	1.22%
Debt-free Net Working Capital to Revenue	7.20%	10.55%	12.46%	4.60%	3.40%	3.44%	3.44%	3.75%	2.38%	4.20%	6.50%
Net Working Capital to Revenue	6.86%	10.21%	12.12%	4.26%	3.06%	3.10%	3.09%	3.39%	2.02%	3.84%	6.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.56	$0.74	$1.34	$1.49	$1.44	$1.22	$1.20	$1.27	$1.29	$1.09	$1.14
Adjusted Weighted Average Basic Shares Outstanding	218.39M	437.68M	217.59M	216.37M	214.09M	215.33M	212.40M	211.08M	209.85M	210.54M	208.28M
Adjusted Diluted Earnings per Share	$1.55	$0.74	$1.34	$1.48	$1.43	$1.22	$1.19	$1.27	$1.28	$1.09	$1.14
Adjusted Weighted Average Diluted Shares Outstanding	219.67M	440.36M	218.81M	217.54M	215.23M	216.49M	213.48M	212.16M	210.90M	211.60M	209.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.74	$0.00	$0.00	$0.00	$1.22	$0.00	$0.00	$0.00	$1.09	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.23M	217.67M	217.29M	214.30M	213.50M	212.55M	211.33M	210.17M	209.10M	208.43M	207.97M
Normalized Net Operating Profit after Tax (NOPAT)	338	320	288	318	308	262	254	269	271	229	238
Normalized NOPAT Margin	22.32%	21.37%	19.69%	21.25%	20.92%	18.92%	18.49%	19.12%	19.29%	17.50%	17.83%
Pre Tax Income Margin	29.46%	28.44%	26.91%	28.45%	27.42%	24.19%	24.63%	25.38%	25.62%	23.34%	23.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4,935.09	4,942.33	10,420.19	3,210.81	21,123.05	13,331.88	168,492.00	59,423.00	89,936.50	1,071.10	1,055.84
NOPAT to Interest Expense	3,758.40	3,759.30	7,770.29	2,430.95	16,191.37	10,489.49	127,108.54	44,856.10	67,838.83	805.62	796.00
EBIT Less CapEx to Interest Expense	3,075.63	4,006.62	7,232.30	1,418.01	8,942.00	6,654.08	127,033.50	28,534.00	67,413.50	1,042.33	879.75
NOPAT Less CapEx to Interest Expense	1,898.94	2,823.60	4,582.40	638.15	4,010.32	3,811.69	85,650.04	13,967.10	45,315.83	776.86	619.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.26%	14.13%	15.05%	15.66%	17.00%	18.85%	19.72%	20.96%	22.00%	23.02%	23.49%
Augmented Payout Ratio	59.05%	50.72%	46.91%	74.30%	86.86%	100.41%	114.03%	93.54%	96.52%	94.36%	84.79%

Financials Breakdown Chart

Key Financial Trends

Below are concise takeaways from Old Dominion Freight Line's recent quarterly statements, focusing on the last four years of data to identify trends in revenue, profitability, cash flow, and balance-sheet health. The bullets highlight items that may positively, neutrally, or negatively impact the stock, with positive items shown first, then neutral, then negative.

Operating cash flow from continuing operations was positive in all four most recent quarters, ranging roughly from $286M to $437M, underscoring solid cash generation.
Free cash flow after capital expenditures remained strong in the latest quarters (about $344M in Q3 2025 and about $265M in Q4 2025), supporting debt reduction and shareholder payouts.
Debt load declined meaningfully by Q3 2025, with long-term debt falling from about $150M (Q2 2025) to roughly $65M (Q3 2025), improving leverage and interest exposure.
Gross margin stayed solid, hovering around 49% in 2025 (e.g., ~49% in Q4 2025), despite earnings volatility, indicating stable profitability on core operations.
Dividends per share remained at $0.28, signaling ongoing cash returns to shareholders and a stable payout policy.
The balance sheet shows a strong equity cushion (total equity around $4.26B in 2025 Q3) with total assets near $5.52B and total liabilities around $1.25B, suggesting healthy financial flexibility.
Revenue exhibits seasonality and volatility, with Q4 2025 revenue lower than Q3 2025, a pattern freight-focused peers often experience toward year-end.
Net income and earnings per share cooled in Q4 2025 relative to Q3 2025 (net income dropped to about $229.5M and EPS to $1.09 from $270.9M and $1.29, respectively), indicating margin pressure during the latest quarter.

05/19/26 06:31 AM ETAI Generated. May Contain Errors.

Old Dominion Freight Line Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Old Dominion Freight Line's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Old Dominion Freight Line's net income appears to be on an upward trend, with a most recent value of $1.02 billion in 2025, rising from $304.69 million in 2015. The previous period was $1.19 billion in 2024. See Old Dominion Freight Line's forecast for analyst expectations on what's next for the company.

Old Dominion Freight Line's total operating income in 2025 was $1.36 billion, based on the following breakdown:

Total Gross Profit: $2.75 billion
Total Operating Expenses: $1.39 billion

Over the last 10 years, Old Dominion Freight Line's total revenue changed from $2.97 billion in 2015 to $5.50 billion in 2025, a change of 84.9%.

Old Dominion Freight Line's total liabilities were at $1.16 billion at the end of 2025, a 7.0% decrease from 2024, and a 48.2% increase since 2015.

In the past 10 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 $120.09 million as of their latest financial filing in 2025.

Over the last 10 years, Old Dominion Freight Line's book value per share changed from 19.92 in 2015 to 20.62 in 2025, a change of 3.5%.

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Financial statements for NASDAQ:ODFL last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Old Dominion Freight Line (ODFL) Financials

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Old Dominion Freight Line (ODFL) Financials

Annual Income Statements for Old Dominion Freight Line

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How has Old Dominion Freight Line's book value per share changed over the last 10 years?

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