Narrow moat less-than-truckload specialist Old Dominion posted slight 1% year-over-year revenue growth driven by higher all-in yields, as volumes once again declined. Revenue came in slightly below our expected run rate on softer-than-expected tonnage trends.
Given its capacity investment, Old Dominion is well positioned to take incremental market share as former Yellow freight gets shuffled around in the year ahead.
Yellow aside, underlying demand across the broader trucking industry is facing near-term headwinds from muted retailer inventory restocking.
|
Metric
|
ODFL
|
XPO
|
FDX
|
|---|---|---|---|
Price/Earnings (Normalized) | 34.93 | 40.51 | 15.31 |
Price/Book Value | 9.72 | 10.83 | 2.48 |
Price/Sales | 7.34 | 1.80 | 0.77 |
Price/Cash Flow | 26.66 | 17.60 | 5.62 |
|
Metric
|
ODFL
|
XPO
|
FDX
|
|---|---|---|---|
Quick Ratio | 1.93 | 0.87 | 1.17 |
Current Ratio | 2.10 | 1.00 | 1.31 |
Interest Coverage | 3,524.66 | 2.55 | 16.46 |
|
Metric
|
ODFL
|
XPO
|
FDX
|
|---|---|---|---|
Return on Assets (Normalized) | 24.05% | 5.26% | 5.74% |
Return on Equity (Normalized) | 31.48% | 30.62% | 19.12% |
Return on Invested Capital (Normalized) | 30.55% | 10.36% | 8.22% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
SAIA
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XPO
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TFII
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KNX
| Knight-Swift Transportation Holdings Inc Class A | Zkrgbjlk | Ktlr | $7.6 Bil | |
YATRF
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YATRY
| Yamato Holdings Co Ltd ADR | — | Ymrd | $4.6 Bil | |
SNDR
| Schneider National Inc | Vsxypgzv | Rrpgvd | $3.7 Bil | |
ARCB
| ArcBest Corp | Mbytqlqt | Tgksyk | $3.2 Bil | |
RXO
| RXO Inc | — | Tcm | $2.3 Bil |
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