Old Dominion Freight Line, Inc. (ODFL) Balance Sheet
ODFL balance sheet, 2025
December 31, 2025 · U.S. dollars$5.59B assets = $1.28B liabilities + $4.31B equity
Both columns are drawn to the same scale: what ODFL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ODFL financial health
Descriptive bands, not a rating. Fiscal 2025.
ODFL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.70B2016 | $5.59B2025 | +8.4%/yr | |
| Total liabilities | $845.1M2016 | $1.28B2025 | +4.7%/yr | |
| Shareholders’ equity | $1.85B2016 | $4.31B2025 | +9.8%/yr | |
| Cash & short-term investments | $10.2M2016 | $120.1M2025 | +31.6%/yr | |
| Total debt | $105.0M2016 | $141.4M2025 | +3.4%/yr | |
| Net cash (debt) | −$94.8M2016 | −$21.3M2025 | +$73.5M | |
| Working capital | $94.0M2016 | $210.9M2025 | +$116.9M | |
| Book value per share | $7.422016 | $20.542025 | +12.0%/yr | |
| Current ratio | 1.332016 | 1.442025 | +0.11 | |
| Debt / equity | 0.062016 | 0.032025 | −0.02 | |
| Shares outstanding | 249.5M2016 | 209.9M2025 | −1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ODFL assets
ODFL liabilities and equity
ODFL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ODFL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $120.1M | $108.7M | $433.8M | $235.7M | $235.7M | $717.0M | $403.6M | $190.3M | $127.5M | $10.2M |
| Cash & equivalents | $120.1M | $108.7M | $433.8M | $186.3M | $186.3M | $462.6M | $403.6M | $190.3M | $127.5M | $10.2M |
| Short-term investments | — | — | $0 | $49.4M | $49.4M | $254.4M | $330.3M | — | $0 | $0 |
| Receivables | $494.3M | $527.7M | $615.3M | $605.1M | $605.1M | $599.1M | $408.2M | $468.3M | $415.8M | $334.5M |
| Inventory | $0 | $0 | −$17.9M | −$605.1M | −$605.1M | −$599.1M | −$454.2M | −$468.3M | −$415.8M | −$334.5M |
| Other current assets | $80.4M | $84.3M | $112.1M | $698.1M | $698.1M | $666.8M | $509.3M | $515.9M | $457.2M | $372.5M |
| Total current assets | $694.8M | $720.7M | $1.14B | $933.7M | $933.7M | $1.38B | $866.8M | $706.2M | $584.7M | $382.6M |
| Property, plant & equipment (net) | $4.60B | $4.51B | $4.10B | $3.69B | $3.69B | $3.22B | $2.97B | $2.75B | $2.40B | $2.24B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $38.9M | $38.9M | $38.9M | $38.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $292.1M | $265.3M | $273.7M | $217.8M | $217.8M | $222.1M | $121.0M | $45.2M | $40.4M | $33.3M |
| Total assets | $5.59B | $5.49B | $5.51B | $4.84B | $4.84B | $4.82B | $4.00B | $3.55B | $3.07B | $2.70B |
| Liabilities | ||||||||||
| Accounts payable | $62.7M | $91.8M | $112.8M | $106.3M | $106.3M | $82.5M | $70.3M | $78.5M | $73.7M | $89.2M |
| Short-term debt | $37.2M | $35.7M | $20.0M | $20.0M | $20.0M | $13.0M | $12.8M | — | $50.0M | — |
| Deferred revenue | — | — | −$112.8M | −$106.3M | $310.5M | −$13.0M | −$12.8M | — | −$73.7M | — |
| Total current liabilities | $483.9M | $540.5M | $544.7M | $529.8M | $529.8M | $464.2M | $366.1M | $356.7M | $351.0M | $288.6M |
| Long-term debt | $20.0M | $40.0M | $60.0M | $80.0M | $99.9M | $99.9M | $45.0M | $45.0M | $45.0M | $105.0M |
| Other long-term liabilities | $772.9M | $666.3M | $649.9M | $575.9M | $556.0M | $577.6M | $503.8M | $463.1M | $395.5M | $451.5M |
| Total liabilities | $1.28B | $1.25B | $1.25B | $1.19B | $1.19B | $1.14B | $914.9M | $864.8M | $791.6M | $845.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20.9M | $21.3M | $21.8M | $11.0M | $11.0M | $11.5M | $12.0M | $8.1M | $8.2M | $8.2M |
| Retained earnings (deficit) | $4.06B | $4.00B | $4.00B | $3.40B | $3.40B | $3.49B | $2.85B | $2.53B | $2.13B | $1.71B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | — | $0 | — | −$1.46B | −$1.32B | −$1.18B | −$1.04B |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $4.31B | $4.24B | $4.26B | $3.65B | $3.65B | $3.68B | $3.08B | $2.68B | $2.28B | $1.85B |
| Key figures | ||||||||||
| Total debt | $141.4M | $168.3M | $80.0M | $100.0M | $119.9M | $112.9M | $45.0M | $45.0M | $95.0M | $105.0M |
| Net cash (debt) | −$21.3M | −$59.6M | $353.8M | $135.7M | $115.7M | $604.1M | $358.6M | $145.3M | $32.5M | −$94.8M |
| Working capital | $210.9M | $180.2M | $598.7M | $403.9M | $403.9M | $919.6M | $500.7M | $349.5M | $233.6M | $94.0M |
| Tangible book value | $4.31B | $4.24B | $4.26B | $3.65B | $3.65B | $3.68B | $3.04B | $2.64B | $2.24B | $1.81B |
| Book value per share | $20.54 | $19.61 | $19.34 | $16.15 | $15.69 | $15.53 | $12.77 | $10.89 | $9.21 | $7.42 |
| Shares outstanding | 209.9M | 216.5M | 220.2M | 226.2M | 232.8M | 237.0M | 241.2M | 246.1M | 247.2M | 249.5M |
| Current ratio | 1.44 | 1.33 | 2.10 | 1.76 | 1.76 | 2.98 | 2.37 | 1.98 | 1.67 | 1.33 |
| Quick ratio | 1.27 | 1.18 | 1.93 | 1.59 | 1.59 | 2.83 | 2.22 | 1.85 | 1.55 | 1.19 |
| Debt / equity | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | 0.06 |
| Equity / assets | 77.1% | 77.3% | 77.2% | 75.5% | 75.5% | 76.3% | 77.1% | 75.6% | 74.2% | 68.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $283.9M | $288.1M | $120.1M | $46.6M | $24.1M | $97.2M | $108.7M | $74.2M | $104.6M | $581.0M | $433.8M | $206.6M |
| Cash & equivalents | $283.9M | $288.1M | $120.1M | $46.6M | $24.1M | $97.2M | $108.7M | $74.2M | $74.3M | $581.0M | $433.8M | $206.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $30.3M | — | $0 | $0 |
| Receivables | $626.1M | $566.5M | $494.3M | $540.1M | $585.9M | $568.5M | $527.7M | $576.7M | $604.3M | $603.5M | $615.3M | $663.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$682.7M | −$17.9M | −$663.7M |
| Other current assets | $93.9M | $71.7M | $80.4M | $77.1M | $88.2M | $68.6M | $84.3M | $84.2M | $98.2M | $761.8M | $112.1M | $747.6M |
| Total current assets | $1.00B | $926.2M | $694.8M | $663.8M | $698.1M | $734.4M | $720.7M | $735.1M | $807.1M | $1.26B | $1.14B | $954.2M |
| Property, plant & equipment (net) | $4.44B | $4.47B | $4.60B | $4.59B | $4.59B | $4.50B | $4.51B | $4.43B | $4.28B | $4.13B | $4.10B | $4.09B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $291.1M | $263.3M | $292.1M | $267.2M | $262.5M | $259.5M | $265.3M | $265.0M | $258.2M | $259.6M | $273.7M | $259.2M |
| Total assets | $5.74B | $5.66B | $5.59B | $5.52B | $5.55B | $5.49B | $5.49B | $5.43B | $5.34B | $5.65B | $5.51B | $5.30B |
| Liabilities | ||||||||||||
| Accounts payable | $81.0M | $94.0M | $62.7M | $81.9M | $85.7M | $84.2M | $91.8M | $99.3M | $112.6M | $97.7M | $112.8M | $115.7M |
| Short-term debt | $20.0M | $20.0M | $37.2M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M |
| Deferred revenue | — | — | — | — | — | — | — | −$99.3M | −$112.6M | −$97.7M | −$112.8M | −$115.7M |
| Total current liabilities | $531.4M | $591.7M | $483.9M | $551.4M | $506.9M | $557.4M | $540.5M | $553.6M | $552.8M | $550.7M | $544.7M | $552.4M |
| Long-term debt | $0 | $20.0M | $20.0M | $65.0M | $150.0M | $40.0M | $40.0M | $40.0M | $40.0M | $60.0M | $60.0M | $60.0M |
| Other long-term liabilities | $656.8M | $645.5M | $772.9M | $637.1M | $663.6M | $658.6M | $666.3M | $656.5M | $638.5M | $639.1M | $649.9M | $623.4M |
| Total liabilities | $1.19B | $1.26B | $1.28B | $1.25B | $1.32B | $1.26B | $1.25B | $1.25B | $1.23B | $1.25B | $1.25B | $1.24B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20.7M | $20.8M | $20.9M | $20.9M | $21.1M | $21.2M | $21.3M | $21.4M | $21.5M | $21.8M | $21.8M | $10.9M |
| Retained earnings (deficit) | $4.29B | $4.14B | $4.06B | $4.01B | $3.98B | $3.99B | $4.00B | $3.97B | $3.90B | $4.15B | $4.00B | $3.81B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — |
| Total shareholders' equity | $4.55B | $4.40B | $4.31B | $4.26B | $4.23B | $4.24B | $4.24B | $4.18B | $4.11B | $4.40B | $4.26B | $4.06B |
| Key figures | ||||||||||||
| Total debt | $20.0M | $40.0M | $141.4M | $85.0M | $170.0M | $60.0M | $60.0M | $60.0M | $60.0M | $80.0M | $80.0M | $80.0M |
| Net cash (debt) | $263.9M | $248.1M | −$21.3M | −$38.4M | −$145.9M | $37.2M | $48.7M | $14.2M | $44.6M | $501.0M | $353.8M | $126.6M |
| Working capital | $472.6M | $334.5M | $210.9M | $112.4M | $191.3M | $177.0M | $180.2M | $181.5M | $254.4M | $713.0M | $598.7M | $401.9M |
| Tangible book value | $4.55B | $4.40B | $4.31B | $4.26B | $4.23B | $4.24B | $4.24B | $4.18B | $4.11B | $4.40B | $4.26B | $4.06B |
| Book value per share | $21.79 | $21.02 | $20.54 | $20.21 | $19.94 | $19.84 | $19.61 | $19.40 | $18.90 | $20.12 | $19.41 | $18.50 |
| Shares outstanding | 208.7M | 209.3M | 209.9M | 210.9M | 212.2M | 213.5M | 216.5M | 215.2M | 217.5M | 218.8M | 219.3M | 219.7M |
| Current ratio | 1.89 | 1.57 | 1.44 | 1.20 | 1.38 | 1.32 | 1.33 | 1.33 | 1.46 | 2.29 | 2.10 | 1.73 |
| Quick ratio | 1.71 | 1.44 | 1.27 | 1.06 | 1.20 | 1.19 | 1.18 | 1.18 | 1.28 | 2.15 | 1.93 | 1.58 |
| Debt / equity | 0.00 | 0.01 | 0.03 | 0.02 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Equity / assets | 79.3% | 77.8% | 77.1% | 77.3% | 76.2% | 77.1% | 77.3% | 77.0% | 77.0% | 77.9% | 77.2% | 76.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
ODFL financial position
At the end of fiscal 2025 (December 31, 2025), Old Dominion had total assets of $5.6 billion (up 1.8% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of $4.3 billion. It held $120.1 million in cash and short-term investments against $141.4 million of debt, net debt of $21.3 million. Its current ratio was 1.44. In the latest quarter (ended June 30, 2026) total assets were $5.7 billion and equity $4.5 billion.
Related: ODFL income statement, ODFL cash flow statement, ODFL key metrics. See the ODFL stock overview for the latest quote and news.
ODFL balance sheet FAQ
What are Old Dominion's total assets?
Old Dominion reported total assets of $5.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.5 billion a year earlier.
How much debt does Old Dominion have?
Old Dominion had $141.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.03.
How much cash does Old Dominion have?
Old Dominion held $120.1 million in cash and short-term investments at the end of fiscal 2025; with $141.4 million of debt that is net debt of $21.3 million.
What is Old Dominion's book value?
Old Dominion's shareholders' equity (book value) was $4.3 billion at the end of fiscal 2025, or $20.54 per share.
What is Old Dominion's current ratio?
Old Dominion had current assets of $694.8 million and current liabilities of $483.9 million, a current ratio of 1.44 (it can cover its short-term obligations).