ODFLNasdaqTrucking (No Local)Fiscal year ends December 31
OLD DOMINION FREIGHT LINE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$186.85−0.87 (-0.46%)
Close on Oct 19, 2026
- Market cap
- $39.00B
- P/E (TTM)
- 36.0
- Dividend yield
- 0.60%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
24.8%+2.2 pts over 5 years
Net margin
18.6%+1.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.5% | -4.2% | +6.5% | +6.3% | |
| Operating income | -11.8% | -9.6% | +8.5% | +10.6% | |
| Net income | -13.7% | -9.4% | +8.8% | +12.9% | |
| EPS, diluted | -11.7% | -7.4% | +11.3% | +15.1% | |
| Free cash flow | +7.6% | +1.4% | +6.2% | +26.4% | |
| Dividend per share | +7.7% | +23.1% | +30.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.7% | 21.0% | 23.9% | |
| Return on assets | 11.5% | 16.1% | 18.7% | |
| Current ratio | 1.33 | 3.33 | 1.44 | |
| Debt to equity | 0.06 | 0.03 | 0.01 | |
| Net debt to EBITDA | 0.14× | -0.26× | -0.05× | |
| Capex to revenue | 14.0% | 5.6% | 7.6% | |
| Diluted shares | 249M | 237M | 212M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Old Dominion Freight Line generated $7.50B from operations and spent $8.10B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$7.50B
Used
$8.10B
Capital expenditure$3.27B40%Dividends$861.20M11%Share buybacks$3.96B49%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.6%
×Asset turnover1.00×
×Equity multiplier1.28×
=Return on equity, FY202523.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.6% | 1.00× | 1.28× | 23.9% |
| FY2024 | 20.4% | 1.06× | 1.29× | 27.9% |
| FY2023 | 21.1% | 1.13× | 1.31× | 31.3% |
| FY2022 | 22.0% | 1.30× | 1.32× | 37.6% |
| FY2021 | 19.7% | 1.14× | 1.31× | 29.5% |
| FY2020 | 16.8% | 0.96× | 1.31× | 21.0% |
| FY2019 | 15.0% | 1.09× | 1.31× | 21.4% |
| FY2018 | 15.0% | 1.22× | 1.33× | 24.4% |
| FY2017 | 13.8% | 1.17× | 1.40× | 22.5% |
| FY2016 | 9.9% | 1.16× | 1.46× | 16.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.02B
- Cash generatingOperating cash flow above zero$1.37B
- Return on assets improvedROA up on the prior year21.5% → 18.6%
- Earnings backed by cashOperating cash flow above net income$1.37B vs $1.02B
- Less leverageLong-term debt to assets fell0.7% → 0.4%
- Better liquidityCurrent ratio rose1.33 → 1.44
- No dilutionShare count did not rise216M → 212M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.05 → 1.00