Old Dominion Freight Line, Inc. (ODFL)
Industrials · Cargo Ground Transportation · US stock · S&P 500 component
$189.89
▲ +0.99 (0.52%)
Fair valueFair
$161 −15.1% to fair value
$81fair band $137–$196$242
Day's range
$188.03 – $193.99
52-week range
$126.01 – $252.03
About Old Dominion Freight Line, Inc.
Old Dominion Freight Line is a trucking company specialising in less-than-truckload freight, where shipments from many customers are combined on trucks. It moves palletised goods through a network of service centres, linehaul tractors and trailers across the United States. Its customers are manufacturers, distributors and retailers shipping goods in loads too small to fill a trailer, and the company operates one integrated network instead of separate regional carriers.
Revenue comes from freight charges based on weight, distance and service level. Sales were $5.6 billion over the last twelve months, but growth was -4.2% a year over the last three years. The operating margin is 25.8%, and the business earns a profit of 25% on the capital invested in it. Net debt is -0.1 times EBITDA, meaning it holds more cash than debt. A dividend is paid, with a yield of 0.6%. On the site's X-Ray Score it receives 47 out of 100.
Price chart
52-wk range $126.01 – $252.03Volume 1,664,241Daily, split-adjusted
Vitals
Market cap$39.6B
52-week range$126.01 – $252.03
Volume (last day)1,664,241
P/E (TTM)36.6
EBIT / EV yield3.7%
Free-cash-flow yield2.8%
Dividend yield0.6%
Revenue (TTM)$5.6B
Net income (TTM)$1.1B
Operating margin25.8%
Return on capital25.4%
Debt incl. leases$20M
Cash & securities$284M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$161middle half of models $154 – $189
Fair
−15.1% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $190
Undervalued < $137Fair $137 – $196Overvalued > $196
P/E multiple
$189
P/B multiple
$203
P/S multiple
$185
EV/EBITDA multiple
$189
EV/EBIT multiple
$186
EV/revenue multiple
$189
10-year DCF, EBITDA exit
$155
5-year DCF, EBITDA exit
$167
10-year DCF, revenue exit
$154
5-year DCF, revenue exit
$167
10-year DCF, growth exit
$94
5-year DCF, growth exit
$91
Dividend discount, stable · not used
$41
Dividend discount, multi-stage · not used
$49
Earnings power value
$128
Growth the price implies
20.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
22/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.7%
Free-cash-flow yield2.8%
Fair value vs price0.8×
Growth
Weak
12/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-4.2%
EPS growth (3y)-7.4%
Growth consistency30%
Profitability
Strong
72/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital25.4%
Operating margin25.8%
Financial health
Strong
74/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-0.1×
Interest coverNo interest cost
Dividends
Fair
64/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.6%
Dividends vs free cash flow22%
Dividend growth20.6%
Quarterly results: last 6 quarters
-5.8%
Mar '25
-6.1%
Jun '25
-4.3%
Sep '25
-5.7%
Dec '25
-2.9%
Mar '26
+10.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.6B, diluted EPS $1.68.
Compare with peers
JBHT Hunt J B Transport Ser...49Other Cargo Ground Transportation companies by X-Ray Score.
SWOT analysis: Old Dominion Freight Line, Inc.
Strengthsinside the company
- Return on invested capital is 25.4%, against a median of 14.9% for sector peers.
- Operating margin of 25.8% is well above the 17.5% median of sector peers, a sign of pricing power or lower costs.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- Revenue has fallen 4.2% a year over three years while sector peers grew 5.6%.
- Earnings per share have declined 7.4% a year over three years.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare ODFL with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.
| Metric | ODFL | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 47 | 51 | 51 |
| Valuation | 22 | 48 | 48 |
| Growth | 12 | 51 | 51 |
| Profitability | 72 | 50 | 50 |
| Financial health | 74 | 49 | 49 |
| Dividends | 64 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
ODFL ranks #53 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for ODFL
Each factor is rated by where ODFL stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 9 Good · 3 Average · 9 Bad of 21
Growth: 0 · 0 · 3
Profitability: 3 · 1 · 0
Financial strength: 3 · 1 · 0
Valuation: 0 · 0 · 5
Cash flow: 2 · 1 · 1
Efficiency: 1 · 0 · 0
| Factor | ODFL | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −4.2% | Bad beats 11% | +5.6% | – | – |
| Revenue growth, last year | −5.5% | Bad beats 6% | +4.5% | −0.9% | ▼ Worse |
| EPS growth, 3 years a year | −7.4% | Bad beats 18% | +5.7% | – | – |
| Profitability | |||||
| Operating margin | 25.8% | Good beats 85% | 17.5% | 26.6% | ≈ In line |
| Net margin | 19.4% | Good beats 82% | 12.8% | 20.4% | ≈ In line |
| Return on invested capital | 25.4% | Good beats 73% | 14.9% | – | – |
| Return on equity | 24.0% | Average beats 51% | 23.7% | 28.1% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | -0.1x | Good beats 95% | 1.8x | -0.1x | ≈ In line |
| Interest cover | 50.0x | Good beats 76% | 21.4x | – | – |
| Current ratio | 1.89 | Good beats 84% | 1.25 | 1.76 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 41% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 36.4x | Bad beats 19% | 28.9x | 32.2x | ▼ Worse |
| Price / book | 8.7x | Bad beats 33% | 6.2x | 8.8x | ≈ In line |
| Price / sales | 7.1x | Bad beats 8% | 3.5x | 6.0x | ▼ Worse |
| EV / EBITDA | 21.7x | Bad beats 27% | 18.5x | 19.2x | ▼ Worse |
| Free cash flow yield | 2.8% | Bad beats 17% | 3.8% | 2.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 19.9% | Good beats 83% | 13.8% | 14.6% | ▲ Better |
| Cash from operations / net income | 1.28 | Average beats 40% | 1.39 | 1.27 | ≈ In line |
| Free cash flow growth, 3 years a year | +1.4% | Bad beats 18% | +14.5% | – | – |
| Accruals (lower is better) | −5.3% | Good beats 75% | −3.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 39 days | Good beats 78% | 57 days | 34 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 7 Good · ● 1 Average · ● 7 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 50/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.3B | $6.3B | $5.9B | $5.8B | $5.5B |
| Operating income | $1.4B | $1.8B | $1.6B | $1.5B | $1.4B |
| Net income | $1.0B | $1.4B | $1.2B | $1.2B | $1.0B |
| Operating cash flow | $1.2B | $1.7B | $1.6B | $1.7B | $1.4B |
| Operating margin | 26.5% | 29.4% | 28.0% | 26.6% | 24.8% |
| Free cash flow | $663M | $916M | $812M | $888M | $955M |
| Diluted EPS | $8.89 | $6.09 | $5.63 | $5.48 | $4.84 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
8 bullish · 3 neutral · 5 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 186.2 | Bullish |
| EMA 10 | 186.3 | Bullish |
| SMA 20 | 181.8 | Bullish |
| EMA 20 | 184.4 | Bullish |
| SMA 50 | 187.2 | Bullish |
| EMA 50 | 189.1 | Bullish |
| SMA 100 | 206.3 | Bearish |
| EMA 100 | 195.5 | Bearish |
| SMA 200 | 201.1 | Bearish |
| EMA 200 | 194.0 | Bearish |
Oscillators (daily)
| RSI (14) | 60.45 | Neutral |
| MACD (12, 26) | 1.08 | Bullish |
| Momentum (12) | 6.67 | Bullish |
| Stochastic %K (14) | 77.94 | Neutral |
| Williams %R (14) | -22.06 | Neutral |
| CCI (20) | 138.7 | Bearish |
Pivot points (classic, last session)
S3 181.3 | S2 184.7 | S1 187.3 | Pivot 190.6 | R1 193.2 | R2 196.6 | R3 199.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.15 USD
Yield on today's price
0.61%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2900 | |
| 0.2900 | |
| 0.2900 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2600 | |
| 0.2600 | |
| 0.2600 | |
| 0.5200 | |
| 0.4000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold ODFL
| ETF | Share of the fund |
|---|---|
| IYT iShares Transportation Average | 3.96% |
| PWB Invesco Dynamic Large Cap Growth | 1.44% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.06% |
| QQQE Direxion NASDAQ-100 Equal Weighted Ind... | 0.96% |
| VOT Vanguard Mid-Cap Growth | 0.89% |
| SPHB Invesco S&P 500 High Beta | 0.81% |
| GUSE Goldman Sachs Enhanced U.S. Equity | 0.73% |
| XLI Industrial Select Sector SPDR | 0.69% |
The eight funds with the largest weight in ODFL among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
ODFL stock splits
ODFL has split its stock 7 times since 2003. The latest was a 2-for-1 split on 28 Mar 2024.
Full ODFL stock split history →ODFL SEC filings
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results; Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.