Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States (following FedEx Freight), with roughly 260 service centers and 11,000-plus tractors.
It is a $37.7B industrial company. Revenue shrank 0.6% over the last year, it keeps 19¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 34.6× earnings — around the middle of its own history.
- Website
- odfl.com
- Location
- Thomasville, NC
- Employees
- 20 591
- Sector
- Industrials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and quality; Valuation and Growth lag behind.
Valuation34
- P/E vs own history61th pct · 5/25
- FCF yield3.0% · 5/25
- P/S6.7x · 12/25
- EV/EBITDA20.6x · 12/25
Growth46
- Revenue CAGR1.1% · 6/25
- Net income CAGR-0.3% · 0/25
- EPS CAGR ~5Y11.3% · 20/25
- Fwd implied growth25.5% · 20/25
Profitability85
- ROIC24.3% · 20/25
- ROE24.9% · 20/25
- Net margin19.4% · 20/25
- Operating margin25.8% · 25/25
Health68
- Altman Zn/a · 0/25
- Current ratio1.89 · 18/25
- Interest coverage1476.5x · 25/25
- Net cash / debtNet cash · 25/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.60 · 25/25
- FCF conversion102% · 25/25
- Margin stabilityσ 4.6% · 25/25
Moat74
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin23.7% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 9.9% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialBest year on record$1.38B net income
- Jan 24, 2022MilestoneODFL became a Nasdaq-100 company, replacing Peloton Interactive on the index
- FY2017FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$2.99B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 1991IPOThe company (ticker symbol: ODFL) became a public company via an initial public offering
- 1969AcquisitionBetween 1969 and 1979, the company acquired several competing trucking lines
- 1962AcquisitionFive years later, in 1962, the company relocated its headquarters to High Point, North Carolina and merged with…
- 1942AcquisitionODFL also received broader authorization to run routes within Virginia and acquired an additional route from the…
- 1942MilestoneAlso in 1942, Earl Sr. and Lillian became 50-50 partners in the business officially, though through the late 1940s…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (89.2%)
- Strong cash conversion — FCF is 19.9% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 1476.5× by operating earnings
- High returns on invested capital (ROIC 24.3%)
Watch-outs
- Revenue shrinking 0.6% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.6% YoY
- Profitable — makes more than it spends$1.09B TTM
- Profit growing — earnings are higher than last year-7.4% YoY
- Generates cash — cash left after running and investing$1.11B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$37.7B market cap
- Not printing shares — share count not ballooning — you keep your slice-10.7% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 0.63%
- Valuation not extreme — price not wildly above earningsP/E 34.6
Peer comparisonOld Dominion Freight Line vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ODFL this company | $37.7B | 34.6 | -0.6% | 19.4% | Mixed |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: ODFL vs LRCX · ODFL vs CAT · ODFL vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ODFL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ODFL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $181.97 · market cap $37.7B.