Old Dominion Freight Line, Inc. (ODFL) Key Metrics
ODFL valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $39.04B
- Enterprise value
- $36.59B
- P/E (TTM)
- 36.1 10-yr median 28.5
- Forward P/E
- 27.3
- PEG ratio
- 2.16
- Price / sales
- 6.9 10-yr median 5.4
- Price / book
- 8.1 10-yr median 7.0
- EV / EBITDA
- 20.3 10-yr median 17.1
- Dividend yield
- 0.62% $1.16 a year
- Beta
- 1.20
ODFL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsODFL valuation Price multiples at each fiscal year-end price.
ODFL returns How much profit the business earns on the capital it uses.
ODFL per-share figures Results divided by the shares outstanding at year-end.
ODFL financial health Debt, liquidity and how easily interest is covered.
ODFL efficiency & capital use Working capital cycle and where the cash goes.
ODFL valuation history
ODFL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ODFL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ODFL cash returned to shareholders
ODFL price vs earnings per share
ODFL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $32.91B | $38.19B | $44.62B | $32.09B | $41.72B | $23.13B | $15.26B | $10.13B | $10.84B | $7.13B |
| Enterprise value | $32.93B | $38.25B | $44.27B | $31.95B | $41.60B | $22.52B | $14.90B | $9.98B | $10.81B | $7.23B |
| P/E ratio | 32.1 | 32.2 | 36.0 | 23.3 | 40.3 | 34.4 | 24.8 | 16.7 | 23.4 | 24.1 |
| Price / sales | 6.0 | 6.6 | 7.6 | 5.1 | 7.9 | 5.8 | 3.7 | 2.5 | 3.2 | 2.4 |
| Price / book | 7.6 | 9.0 | 10.5 | 8.8 | 11.4 | 6.3 | 5.0 | 3.8 | 4.8 | 3.9 |
| Price / free cash flow | 34.5 | 43.0 | 55.0 | 35.0 | 63.0 | 34.9 | 30.2 | 32.5 | 70.3 | 48.3 |
| Price / operating cash flow | 24.0 | 23.0 | 28.4 | 19.0 | 34.4 | 24.8 | 16.4 | 11.3 | 20.2 | 12.6 |
| EV / sales | 6.0 | 6.6 | 7.5 | 5.1 | 7.9 | 5.6 | 3.6 | 2.5 | 3.2 | 2.4 |
| EV / EBITDA | 19.1 | 20.1 | 22.4 | 15.1 | 25.2 | 19.3 | 13.8 | 9.5 | 13.8 | 10.8 |
| EV / free cash flow | 34.5 | 43.1 | 54.5 | 34.9 | 62.8 | 34.0 | 29.5 | 32.0 | 70.1 | 49.0 |
| Earnings yield | 3.1% | 3.1% | 2.8% | 4.3% | 2.5% | 2.9% | 4.0% | 6.0% | 4.3% | 4.1% |
| Free cash flow yield | 2.9% | 2.3% | 1.8% | 2.9% | 1.6% | 2.9% | 3.3% | 3.1% | 1.4% | 2.1% |
| Dividend yield | 0.7% | 0.6% | 0.4% | 0.4% | 0.3% | 0.4% | 0.5% | 0.4% | 0.3% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.9% | 3.1% | 1.4% | 4.4% | 3.4% | 2.7% | 2.9% | 2.0% | 0.4% | 1.8% |
| Share price at fiscal year-end | $156.80 | $176.40 | $202.66 | $141.89 | $179.19 | $97.59 | $63.26 | $41.16 | $43.85 | $28.60 |
| Per share | ||||||||||
| Revenue per share | $26.19 | $26.86 | $26.64 | $27.68 | $22.58 | $16.94 | $17.03 | $16.43 | $13.58 | $11.99 |
| Earnings per share | $4.88 | $5.48 | $5.63 | $6.09 | $4.44 | $2.84 | $2.55 | $2.46 | $1.88 | $1.19 |
| Operating cash flow per share | $6.53 | $7.66 | $7.13 | $7.48 | $5.21 | $3.94 | $3.87 | $3.66 | $2.17 | $2.27 |
| Free cash flow per share | $4.55 | $4.10 | $3.69 | $4.05 | $2.85 | $2.80 | $2.09 | $1.27 | $0.62 | $0.59 |
| Cash per share | $0.57 | $0.50 | $1.97 | $1.04 | $1.01 | $3.03 | $1.67 | $0.77 | $0.52 | $0.04 |
| Book value per share | $20.54 | $19.61 | $19.34 | $16.15 | $15.69 | $15.53 | $12.77 | $10.89 | $9.21 | $7.42 |
| Tangible book value per share | $20.54 | $19.61 | $19.34 | $16.15 | $15.69 | $15.53 | $12.61 | $10.74 | $9.05 | $7.26 |
| Dividends per share | $1.12 | $1.03 | $0.80 | $0.59 | $0.58 | $0.39 | $0.29 | $0.17 | $0.13 | $0.00 |
| Capex per share | $1.98 | $3.56 | $3.44 | $3.43 | $2.36 | $0.95 | $1.99 | $2.39 | $1.55 | $1.68 |
| Debt per share | $0.67 | $0.78 | $0.36 | $0.44 | $0.52 | $0.48 | $0.19 | $0.18 | $0.38 | $0.42 |
| Shares outstanding | 209.9M | 216.5M | 220.2M | 226.2M | 232.8M | 237.0M | 241.2M | 246.1M | 247.2M | 249.5M |
| Change in shares outstanding | −3.0% | −1.7% | −2.6% | −2.9% | −1.8% | −1.8% | −2.0% | −0.5% | −0.9% | −2.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 23.9% | 27.9% | 31.3% | 37.7% | 28.2% | 19.9% | 21.4% | 24.4% | 22.5% | 16.7% |
| Return on invested capital (ROIC) | 23.7% | 28.6% | 33.3% | 39.0% | 31.4% | 23.3% | 23.3% | 25.4% | 22.1% | 16.0% |
| Return on assets (ROA) | 18.5% | 21.6% | 23.9% | 28.5% | 21.4% | 15.3% | 16.3% | 18.3% | 16.1% | 11.5% |
| Return on tangible assets | 18.3% | 21.6% | 22.5% | 28.5% | 21.4% | 14.0% | 15.6% | 17.3% | 15.3% | 11.1% |
| Free cash flow margin | 17.4% | 15.3% | 13.8% | 14.6% | 12.6% | 16.5% | 12.3% | 7.7% | 4.6% | 4.9% |
| Income quality (OCF / net income) | 1.34 | 1.40 | 1.27 | 1.23 | 1.17 | 1.39 | 1.52 | 1.49 | 1.16 | 1.91 |
| Financial health | ||||||||||
| Total debt | $141.4M | $168.3M | $80.0M | $100.0M | $119.9M | $112.9M | $45.0M | $45.0M | $95.0M | $105.0M |
| Cash & short-term investments | $120.1M | $108.7M | $433.8M | $235.7M | $235.7M | $717.0M | $403.6M | $190.3M | $127.5M | $10.2M |
| Net debt | $21.3M | $59.6M | −$353.8M | −$135.7M | −$115.7M | −$604.1M | −$358.6M | −$145.3M | −$32.5M | $94.8M |
| Debt / equity | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | 0.06 |
| Debt / assets | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.04 |
| Net debt / EBITDA | 0.01 | 0.03 | −0.18 | −0.06 | −0.07 | −0.52 | −0.33 | −0.14 | −0.04 | 0.14 |
| Current ratio | 1.44 | 1.33 | 2.10 | 1.76 | 1.76 | 2.98 | 2.37 | 1.98 | 1.67 | 1.33 |
| Quick ratio | 1.44 | 1.33 | 2.13 | 2.90 | 2.90 | 4.27 | 3.61 | 3.29 | 2.85 | 2.48 |
| Interest coverage | — | — | — | — | 805.8 | 326.0 | — | — | 267.4 | 111.7 |
| Working capital | $210.9M | $180.2M | $598.7M | $403.9M | $403.9M | $919.6M | $500.7M | $349.5M | $233.6M | $94.0M |
| Invested capital | $4.33B | $4.30B | $3.90B | $3.52B | $3.54B | $3.08B | $2.72B | $2.54B | $2.24B | $1.95B |
| Tangible asset value | $4.31B | $4.24B | $4.26B | $3.65B | $3.65B | $3.68B | $3.04B | $2.64B | $2.24B | $1.81B |
| Net current asset value | −$582.0M | −$526.1M | −$111.2M | −$252.0M | −$252.0M | $242.1M | −$48.0M | −$158.6M | −$206.9M | −$462.5M |
| Graham number | $47.48 | $49.16 | $49.49 | $47.04 | $39.60 | $31.49 | $27.08 | $24.56 | $19.72 | $14.07 |
| Graham net-net per share | −$3.74 | −$3.43 | −$1.67 | −$3.53 | −$3.43 | −$1.16 | −$1.79 | −$2.27 | −$2.27 | −$3.01 |
| Capital allocation | ||||||||||
| Dividends paid | $235.6M | $223.6M | $175.1M | $134.5M | $134.5M | $92.4M | $71.0M | $42.6M | $32.9M | $0 |
| Share buybacks (net) | $730.3M | $967.3M | $453.6M | $1.28B | $1.28B | $536.5M | $364.1M | $163.3M | $8.0M | $130.3M |
| Dividend payout ratio | 23.0% | 18.9% | 14.1% | 9.8% | 13.0% | 13.7% | 11.5% | 7.0% | 7.1% | 0.0% |
| Dividends + buybacks / free cash flow | 101.1% | 134.1% | 77.4% | 154.0% | 213.1% | 94.9% | 86.2% | 66.0% | 26.6% | 88.3% |
| Capex / revenue | 7.6% | 13.3% | 12.9% | 12.4% | 10.5% | 5.6% | 11.7% | 14.5% | 11.4% | 14.0% |
| Capex / operating cash flow | 30.3% | 46.5% | 48.3% | 45.8% | 45.4% | 24.1% | 51.4% | 65.4% | 71.3% | 73.9% |
| Capex / depreciation | 1.14 | 2.24 | 2.33 | 2.81 | 1.99 | 0.87 | 1.83 | 2.55 | 1.86 | 2.20 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.7% | 0.5% |
| SG&A / revenue | 4.3% | 5.3% | 4.8% | 4.6% | 4.8% | 5.1% | 5.7% | 5.5% | 6.1% | 5.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.9 | 35.9 | 38.0 | 35.3 | 41.8 | 45.8 | 38.9 | 39.9 | 40.8 | 41.5 |
| Days of inventory on hand | — | — | -30.0 | -55.2 | -63.1 | -69.0 | -57.3 | -55.6 | -55.2 | -55.2 |
| Days payables outstanding | 7.6 | 9.8 | 10.5 | 9.7 | 9.9 | 10.0 | 9.2 | 9.6 | 12.0 | 12.7 |
| Cash conversion cycle (days) | 26.4 | 26.0 | -2.5 | -29.6 | -31.2 | -33.2 | -27.6 | -25.3 | -26.4 | -26.4 |
| Receivables turnover | 10.76 | 10.17 | 9.61 | 10.35 | 8.73 | 7.97 | 9.38 | 9.15 | 8.95 | 8.80 |
| Payables turnover | 48.27 | 37.07 | 34.64 | 37.68 | 36.88 | 36.48 | 39.51 | 38.09 | 30.47 | 28.81 |
| Asset turnover | 0.99 | 1.06 | 1.13 | 1.29 | 1.09 | 0.91 | 1.09 | 1.22 | 1.17 | 1.16 |
| Average receivables | $511.0M | $571.5M | $610.2M | $605.1M | $602.1M | $503.6M | $438.2M | $442.0M | $375.1M | $339.8M |
| Average payables | $77.3M | $102.3M | $109.5M | $106.3M | $94.4M | $76.4M | $74.4M | $76.1M | $81.5M | $78.0M |
| Average inventory | — | — | −$311.5M | −$605.1M | −$602.1M | −$526.7M | −$461.2M | −$442.0M | −$375.1M | −$339.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 1.1% | 1.3% | 1.4% |
Computed from ODFL's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ODFL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Old Dominion traded at 32.1 times earnings, against a 10-year median of 28.5. Based on the latest twelve months, the trailing P/E is 36.1 and the forward P/E is 27.3. Old Dominion earned a return on equity of 23.9% and a return on invested capital of 23.7% in fiscal 2025. It ended the year with $141.4 million of debt and $120.1 million in cash and short-term investments, net debt of $21.3 million. It returned $966.0 million to shareholders: $235.6 million in dividends and $730.3 million in share buybacks, 101% of free cash flow. The share count fell 15.9% from 249.5M to 209.9M over 9 years.
See the ODFL income statement, the ODFL chart for price history, or the ODFL stock overview for the latest quote and news.
ODFL key metrics FAQ
What is Old Dominion's P/E ratio?
Old Dominion's trailing P/E ratio is 36.1 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 27.3. At the end of fiscal 2025 it was 32.1, compared with a 10-year median of 28.5.
What is Old Dominion's EV/EBITDA?
Old Dominion's enterprise value was 19.1 times EBITDA at the end of fiscal 2025 (enterprise value $32.9 billion, EBITDA $1.7 billion); the current EV/EBITDA is 20.3.
What is Old Dominion's return on equity?
Old Dominion's return on equity (ROE) was 23.9% in fiscal 2025: net income of $1.0 billion on average shareholders' equity of $4.3 billion.
What is Old Dominion's ROIC?
Old Dominion's return on invested capital was 23.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Old Dominion have?
Old Dominion had total debt of $141.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and $21.3 million of net debt (0.01 times EBITDA).
What is Old Dominion's dividend yield?
Old Dominion's forward dividend yield is 0.62%. Old Dominion paid $235.6 million in dividends in fiscal 2025 ($1.12 per share), a payout ratio of 23.0%.
Does Old Dominion buy back its shares?
Yes. Old Dominion spent $730.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.0% over the year, to 209.9M..
What is Old Dominion's free cash flow yield?
Old Dominion generated $955.1 million of free cash flow in fiscal 2025, a free cash flow yield of 2.9% on its market value at year-end ($32.9 billion).
What is Old Dominion's current ratio?
Old Dominion's current ratio was 1.44 at the end of fiscal 2025: current assets were 1.44 times current liabilities.