NASDAQ: ODFL
Old Dominion
Industrials · Trucking (No Local)
52-week range
$126.01$252.03
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$44.9B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $7.07B |
| FY2017, ended Dec 31, 2017 | $10.8B |
| FY2018, ended Dec 31, 2018 | $10.0B |
| FY2019, ended Dec 31, 2019 | $15.1B |
| FY2020, ended Dec 31, 2020 | $22.8B |
| FY2021, ended Dec 31, 2021 | $41.2B |
| FY2022, ended Dec 31, 2022 | $31.2B |
| FY2023, ended Dec 31, 2023 | $44.1B |
| FY2024, ended Dec 31, 2024 | $37.5B |
| FY2025, ended Dec 31, 2025 | $32.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $44.9B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$5.60B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.99B |
| FY2017, ended Dec 31, 2017 | $3.36B |
| FY2018, ended Dec 31, 2018 | $4.04B |
| FY2019, ended Dec 31, 2019 | $4.11B |
| FY2020, ended Dec 31, 2020 | $4.02B |
| FY2021, ended Dec 31, 2021 | $5.26B |
| FY2022, ended Dec 31, 2022 | $6.26B |
| FY2023, ended Dec 31, 2023 | $5.87B |
| FY2024, ended Dec 31, 2024 | $5.81B |
| FY2025, ended Dec 31, 2025 | $5.50B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $5.60B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $296M | $148M |
| FY2017, ended Dec 31, 2017 | $464M | $154M |
| FY2018, ended Dec 31, 2018 | $606M | $312M |
| FY2019, ended Dec 31, 2019 | $616M | $505M |
| FY2020, ended Dec 31, 2020 | $673M | $708M |
| FY2021, ended Dec 31, 2021 | $1.03B | $663M |
| FY2022, ended Dec 31, 2022 | $1.38B | $916M |
| FY2023, ended Dec 31, 2023 | $1.24B | $812M |
| FY2024, ended Dec 31, 2024 | $1.19B | $888M |
| FY2025, ended Dec 31, 2025 | $1.02B | $955M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.09B | $1.11B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$284M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $10.2M |
| FY2017, ended Dec 31, 2017 | $127M |
| FY2018, ended Dec 31, 2018 | $190M |
| FY2019, ended Dec 31, 2019 | $404M |
| FY2020, ended Dec 31, 2020 | $401M |
| FY2021, ended Dec 31, 2021 | $463M |
| FY2022, ended Dec 31, 2022 | $186M |
| FY2023, ended Dec 31, 2023 | $434M |
| FY2024, ended Dec 31, 2024 | $109M |
| FY2025, ended Dec 31, 2025 | $120M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $284M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$20.0M
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $105M |
| FY2017, ended Dec 31, 2017 | $95.0M |
| FY2018, ended Dec 31, 2018 | $45.0M |
| FY2019, ended Dec 31, 2019 | $45.0M |
| FY2020, ended Dec 31, 2020 | $99.9M |
| FY2021, ended Dec 31, 2021 | $99.9M |
| FY2022, ended Dec 31, 2022 | $100.0M |
| FY2023, ended Dec 31, 2023 | $80.0M |
| FY2024, ended Dec 31, 2024 | $60.0M |
| FY2025, ended Dec 31, 2025 | $40.0M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $20.0M |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 16.2% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.207M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 247M |
| FY2017, ended Dec 31, 2017 | 247M |
| FY2018, ended Dec 31, 2018 | 243M |
| FY2019, ended Dec 31, 2019 | 239M |
| FY2020, ended Dec 31, 2020 | 234M |
| FY2021, ended Dec 31, 2021 | 230M |
| FY2022, ended Dec 31, 2022 | 220M |
| FY2023, ended Dec 31, 2023 | 218M |
| FY2024, ended Dec 31, 2024 | 213M |
| FY2025, ended Dec 31, 2025 | 208M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 207M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $545M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $130M | $1.41M |
| FY2017, ended Dec 31, 2017 | $8.01M | $3.24M |
| FY2018, ended Dec 31, 2018 | $163M | $4.89M |
| FY2019, ended Dec 31, 2019 | $241M | $16.7M |
| FY2020, ended Dec 31, 2020 | $364M | $11.3M |
| FY2021, ended Dec 31, 2021 | $536M | $15.0M |
| FY2022, ended Dec 31, 2022 | $1.28B | $15.9M |
| FY2023, ended Dec 31, 2023 | $454M | $11.1M |
| FY2024, ended Dec 31, 2024 | $967M | $11.3M |
| FY2025, ended Dec 31, 2025 | $730M | $12.9M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $545M | — |
Revenue (TTM)
$5.60B
−0.6% YoY
Net income (TTM)
$1.09B
−0.5% YoY
Cash
$284M
+1,080% YoY
Total debt
$20.0M
−88.2% YoY
Valuation
At current price- Market Cap
- $35.8B
- P/E
- 32.8×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 6.4×
- Price / Book
- 7.9×
- EV / EBITDA
- 19.6×
Growth
Trailing 12 months- Revenue (TTM)
- $5.60B
- Revenue Growth YoY
- −0.6%
- Revenue CAGR 3Y
- −4.2%
- Revenue CAGR 5Y
- 6.5%
- EPS Growth YoY
- 1.6%
- Net Income Growth YoY
- −0.5%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- 25.8%
- Net Margin
- 19.4%
- FCF Margin
- 19.9%
- Return on Equity
- 24.8%
Earnings
Trailing 12 months- Net Income
- $1.09B
- EPS (diluted)
- $5.20
- EBITDA
- $1.82B
- Operating Income
- $1.45B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $284M
- Total Debt
- $20.0M
- Net Cash
- $264M
- Total Assets
- $5.74B
- Total Liabilities
- $1.19B
- Shareholders' Equity
- $4.55B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.39B
- Capital Expenditure
- $279M
- Free Cash Flow
- $1.11B
Dividends and risk
Last 12 months- Dividend Yield
- 0.7%
- Dividend / Share
- $1.15
- Beta (5Y)
- 1.20
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $5.60B.
Strength
Keeps 25.8% of revenue as operating profit.
Strength
Holds more cash than debt, with $264M in net cash.
Strength
Turns 19.9% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 24, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K53Some concerns
53Some concerns
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 25, 2025 · Read the filing on EDGAR
- Revenue slipped 0.9% to $5.81 billion and net income fell 4.3% to $1.19 billion as freight volumes kept falling in a soft economy.
- Pricing stayed firm: revenue per hundredweight, excluding fuel surcharges, rose 5.0%. But the operating ratio worsened to 73.4% from 72.0%.
- Weakness deepened in January 2025: revenue per day fell 4.2% and tons per day fell 7.1%.
- Cash fell to $109 million after heavy buybacks and dividends. Planned 2025 capital spending drops to about $575 million from $751 million.
Business momentum
Weakening
“As a result, our net income and diluted earnings per share decreased by 4.3% and 2.7%, respectively, as compared to 2023.”
Outlook
Cautious
“Revenue per day decreased 4.2% in January 2025 compared to the same month last year. LTL tons per day decreased 7.1%”
Financial stress
None
“We were in compliance with all covenants in our outstanding debt instruments for the period ended December 31, 2024.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Prices rose despite lower volumes
“Excluding fuel surcharges, LTL revenue per hundredweight increased 5.0% in 2024 as compared to 2023.”
Operating cash flow grew
“Operating activities 1,659,283 1,569,135”
Very little debt; credit line unused
“we had no outstanding borrowings under our Credit Agreement at December 31, 2024 or 2023”
Concerns
Freight volumes keep falling
“LTL tonnage per day decreased 3.6% primarily due to decreases in LTL shipments per day and LTL weight per shipment.”
Profitability squeezed by costs and lower volumes
“the increase in costs and the deleveraging effect from the decrease in revenue led to an increase in our operating ratio.”
Cash balance dropped sharply after shareholder payouts
“The change in our cash flows used in financing activities during 2024 as compared to 2023 was primarily due to higher repurchases of our common stock”
New risks since the previous report
Risks from the company's own use of AI
“We currently incorporate AI solutions into our business, and these applications may become more important over time.”
Tariffs and trade wars hurting freight demand
“Any further changes in U.S. or international trade policy could trigger additional retaliatory actions by affected countries, resulting in “trade wars” and increased costs for goods transported globally”
Biggest risks named
- Economic softness reducing freight volumes
- Inability to raise prices enough to offset cost inflation
- Rising depreciation and fixed costs while volumes fall
- Driver and technician shortages raising labor costs
- Tariffs and trade policy reducing freight demand
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −6 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | +2 | |
| Red flags | 0 | |
| New risks | −1 | |
| Score | 53 | |
Written by AI (Claude Opus 5.5) from the report’s text. 11 of 11 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 24, 2026 | Pro | |||
| 10-K | Feb 25, 2025 | 53 | Weakening | None | |
| 10-K | Feb 26, 2024 | 51 | Weakening | None | |
| 10-K | Feb 22, 2023 | 68 | Strong improvement | None | |
| 10-K | Feb 23, 2022 | 77 | Strong improvement | None | |
| 10-K | Feb 24, 2021 | 71 | Improving | None | |
| 10-K | Feb 26, 2020 | 56 | Stable | None | |
| 10-K | Feb 27, 2019 | 76 | Strong improvement | None | |
| 10-K | Feb 27, 2018 | 76 | Strong improvement | 1 minor | |
| 10-K | Feb 27, 2017 | 59 | Stable | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 5, 2026. View filings on SEC EDGAR