Old Dominion Freight Line, Inc. (ODFL) AI Stock Analysis

Old Dominion Freight Line, Inc. is a provider of less-than-truckload (LTL) transportation services across the United States and North America. The company specializes in regional, inter-regional, and national LTL services. It also offers value-added logistics solutions, including container drayage, truckload brokerage, and supply chain consulting. Old Dominion Freight Line operates a fleet consisting of 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers. Its operational footprint includes 251 service centers and three fleet maintenance centers. Founded in 1934 and headquartered in Thomasville, North Carolina, the company employs 20,173 people.

Old Dominion Freight Line grew revenue from $5.26B in FY2021 to a peak of $6.26B in FY2022, when revenue growth reached 19.1% and operating margin hit 29.4%. Revenue subsequently contracted by 6.3% in FY2023 to $5.87B, fell 0.9% in FY2024 to $5.81B, and fell 5.5% in FY2025 to $5.50B. Across this timeframe, net income shifted from $1.03B in FY2021 to $1.38B in FY2022, before moderating to $1.19B in FY2024 and $1.02B in FY2025, yielding a net margin of 18.6%. Over the five years from FY2020 to FY2025, revenue achieved a compound annual growth rate of 6.5%. For the latest quarter ended June 30, 2026, quarterly revenue grew 10.4% year-over-year, while quarterly earnings grew 32.3%.

As of June 30, 2026, Old Dominion Freight Line held $283.9M in cash and short-term investments against $20.0M in total debt, resulting in net cash of $263.9M. The company reported a debt-to-equity ratio of 0.00 and a current ratio of 1.89, supported by $4.55B in shareholders' equity and $5.74B in total assets. In FY2025, operating cash flow was $1.37B and free cash flow was $955.1M. Capital allocation in FY2025 included $415.0M for capital expenditures, $730.3M for share buybacks, and $235.6M in dividends paid, contributing to a 5-year share count change of -9.8%.

At a last close of $187.72, Old Dominion Freight Line has a market capitalization of $39.04B and an enterprise value of $36.59B. The stock trades at a trailing price-to-earnings multiple of 36.1x and a forward multiple of 27.3x, compared to the median of its Nasdaq-100 Industrials peers of 28.5x trailing and 22.2x forward. Its price-to-sales ratio stands at 6.9x versus the peer median of 6.1x, while its EV-to-EBITDA ratio is 20.3x versus the peer median of 19.9x. The stock returned 36.8% over the past year, exceeding the S&P 500 (SPY) return of 16.8%, but its 5-year return of 27.4% lagged the S&P 500 return of 83.0%.

Old Dominion Freight Line pays an annualized forward dividend of $1.16 per share, providing a dividend yield of 0.62%. The company has paid dividends for 10 consecutive years and holds a payout ratio of 22.2%. Dividends are distributed on a quarterly frequency, with an annualized 5-year dividend growth rate of 30.0%. The last ex-dividend date was September 2, 2026.

Wall Street analysts coverage consists of 8 Strong Buy, 1 Buy, 14 Hold, and 1 Sell ratings. The mean price target is $221.14, representing an implied upside of 17.8% from the last close of $187.72. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $5.96B and EPS of $5.86, representing EPS growth of 21.1%. For the following year, 20 analysts estimate revenue of $6.45B and EPS of $6.69. Old Dominion Freight Line beat EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 28, 2026.

This page is an AI-written research summary of Old Dominion Freight Line, Inc. (ODFL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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