Old Dominion Freight (ODFL) AI Stock Analysis

• Market Cap: $32.90B
• Dividend Yield: 0.7%
• Average Volume (3M): 2.34M
• Price to Earnings (P/E): 31.6
• Beta (1Y): 1.08
• Revenue Growth: -5.90%
• EPS Growth: -13.16%
• Country: US
• Employees: 21,817
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): 1.28
• Shares Outstanding: 209,098,430
• 10 Day Avg. Volume: 2,918,570
• 30 Day Avg. Volume: 2,344,162
• PEG Ratio: -12.08
• Price to Book (P/B): 8.95
• Price to Sales (P/S): 6.53
• P/FCF Ratio: 42.78
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 5.33
• Enterprise Value/Gross Profit: 16.15
• Enterprise Value/Ebitda: 16.96
• 1Y Price Target: $155.07
• Price Target Upside: -2.77% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16
• EPS Forecast (FY): 4.81
• Revenue Forecast (FY): $5.49B

• Rating: 71 Outperform
• Price Target: $168.00 ▲(5.34% Upside)

Old Dominion Freight's overall stock score reflects strong financial health and operational efficiency, tempered by challenges in revenue growth and valuation concerns. The company's strategic focus on yield management and service quality supports its market position, but economic softness and high valuation pose risks.

Positive Factors

Operational Efficiency

High service standards and operational efficiency enhance customer satisfaction and loyalty, supporting long-term market position.

Cash Flow Generation

Strong cash flow generation provides financial flexibility for strategic investments and shareholder returns, reinforcing financial stability.

Yield Management

Effective yield management supports revenue stability and profitability, even amid volume declines, enhancing long-term financial performance.

Negative Factors

Revenue Decline

Declining revenue indicates challenges in market demand, potentially impacting growth and profitability if trends persist.

Operating Ratio Increase

Higher operating ratios reflect cost pressures and reduced efficiency, which can erode margins and profitability over time.

Volume and Demand Weakness

Continued demand weakness suggests potential challenges in maintaining growth and market share, affecting long-term revenue prospects.

Old Dominion Freight Business Overview & Revenue Model

Company Description

Old Dominion Freight Line, Inc. (ODFL) is a leading American transportation and logistics services company specializing in less-than-truckload (LTL) shipping. Established in 1934, ODFL operates across the continental United States and offers a range of services including regional, national, and intermodal transportation. The company is known for its commitment to quality service, operational efficiency, and technology-driven solutions, catering primarily to businesses that require reliable freight transportation.

How the Company Makes Money

Old Dominion Freight Line generates revenue primarily through its LTL transportation services, which involve consolidating shipments from multiple customers into a single truckload for more efficient delivery. The company charges customers based on weight, distance, and type of service required, leading to varied pricing structures. Key revenue streams include base freight charges, fuel surcharges, and additional services such as expedited shipping and logistics solutions. ODFL also benefits from long-term customer relationships and contracts, which provide a stable income base. Strategic investments in technology and an extensive network of terminals and service centers further enhance operational efficiency, contributing to profitability.

Old Dominion Freight Financial Statement Overview

Summary

Old Dominion Freight demonstrates strong financial health with robust profitability and efficient cash flow management. Despite challenges in revenue growth, its low leverage and strong equity position provide a stable financial base.

Income Statement

Old Dominion Freight shows strong profitability with a consistent gross profit margin around 33-36% and a net profit margin of approximately 19-21%. However, recent revenue growth has been negative, indicating challenges in expanding sales. The EBIT and EBITDA margins are robust, reflecting efficient operations despite the revenue decline.

Balance Sheet

The company maintains a very low debt-to-equity ratio, indicating minimal leverage and financial stability. Return on equity is strong, showcasing effective use of equity to generate profits. The equity ratio is healthy, suggesting a solid financial foundation with a significant portion of assets financed by equity.

Cash Flow

Operating cash flow is strong relative to net income, indicating good cash generation from operations. Free cash flow has grown positively, although the growth rate has fluctuated. The free cash flow to net income ratio is solid, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.57B	5.81B	5.87B	6.26B	5.26B	4.02B
Gross Profit	1.84B	2.02B	2.07B	2.26B	1.78B	1.23B
EBITDA	1.75B	1.90B	1.97B	2.12B	1.65B	1.17B
Net Income	1.06B	1.19B	1.24B	1.38B	1.03B	672.68M
Balance Sheet
Total Assets	5.52B	5.49B	5.51B	4.84B	4.82B	4.37B
Cash, Cash Equivalents and Short-Term Investments	46.59M	108.68M	433.80M	235.67M	717.00M	731.70M
Total Debt	84.99M	168.29M	79.98M	99.96M	99.95M	99.93M
Total Liabilities	1.25B	1.25B	1.25B	1.19B	1.14B	1.04B
Stockholders Equity	4.26B	4.24B	4.26B	3.65B	3.68B	3.33B
Cash Flow
Free Cash Flow	920.72M	887.97M	811.83M	916.43M	662.53M	707.94M
Operating Cash Flow	1.46B	1.66B	1.57B	1.69B	1.21B	933.02M
Investing Cash Flow	-525.19M	-751.19M	-659.82M	-547.47M	-455.29M	-551.66M
Financing Cash Flow	-963.28M	-1.23B	-661.83M	-1.42B	-696.18M	-383.50M

Old Dominion Freight Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 159.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ODFL, the sentiment is Positive. The current price of 159.49 is above the 20-day moving average (MA) of 141.58, above the 50-day MA of 139.71, and above the 200-day MA of 152.84, indicating a bullish trend. The MACD of 5.60 indicates Negative momentum. The RSI at 70.09 is Negative, neither overbought nor oversold. The STOCH value of 87.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ODFL.

Old Dominion Freight Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAIA	73 Outperform	$9.16B	32.60	11.92%	―	1.96%	-24.55%
ODFL	71 Outperform	$32.90B	31.65	25.06%	0.70%	-5.90%	-13.16%
WERN	67 Neutral	$1.57B	64.63	1.78%	1.82%	-3.42%	-43.86%
ARCB	66 Neutral	$1.72B	18.15	7.40%	0.63%	-5.34%	-48.16%
KNX	64 Neutral	$8.36B	58.83	2.01%	1.35%	>-0.01%	279.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SNDR	59 Neutral	$4.72B	41.53	3.81%	1.41%	5.46%	2.31%

Old Dominion Freight Corporate Events

Old Dominion Freight Board Member Resigns, Board Size Reduced

On December 3, 2025, Debra S. King resigned from the Board of Directors of Old Dominion Freight Line, Inc., citing time commitments related to other professional obligations. Following her resignation, the Board reduced its size to eleven directors on December 8, 2025, indicating a streamlined governance structure.

Old Dominion Freight Reports Revenue Decline for November

On December 2, 2025, Old Dominion Freight Line reported a 4.4% decrease in revenue per day for November 2025 compared to the previous year, attributed to a 10.0% drop in LTL tons per day. Despite this decline, the company increased its LTL revenue per hundredweight, reflecting ongoing economic softness but maintaining its strategic focus on yield management and service quality. This approach aims to support market share growth and enhance shareholder value over the long term.

Old Dominion Freight Announces Increased Quarterly Dividend

On October 23, 2025, Old Dominion Freight Line announced a quarterly cash dividend of $0.28 per share, marking a 7.7% increase from the previous year, payable on December 17, 2025, to shareholders recorded by December 3, 2025. This dividend declaration reflects the company’s ongoing financial strength and commitment to returning value to its shareholders, potentially enhancing its attractiveness to investors and solidifying its position in the competitive LTL industry.