Morningstar

Old Dominion Freight Line Inc Ordinary Shares ODFL

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Stock XNAS Rating as of
$248.73 +1.72 (0.70%)
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As of Delayed Price Post-Trading: $219.32 −29.40

Company Report

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Old Dominion's Tonnage and Margins Still Sluggish but Early Signs of Recovery Emerging

Matthew Young

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

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Price vs Fair Value

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ODFL is trading at a 454% premium.
Price
$247.01
Fair Value
$564.00
Uncertainty
Medium
1-Star Price
$928.82
5-Star Price
$651.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Given its capacity investment and high service levels, Old Dominion is well positioned to continue taking incremental market share in the years ahead.

Bears

Underlying demand across the broader LTL trucking industry will probably face lingering headwinds from sluggish industrial end markets into first-half 2026.

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News

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Trading Information

Previous Close Price
$247.01
Day Range
$241.62–252.03
52-Week Range
$126.01–252.03
Bid/Ask
$242.68 / $254.60
Shares Outstanding
207.97M
Market Cap
$51.73B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
51.68
Price/Sales
9.53
Dividend Yield (Trailing)
0.46%
Dividend Yield (Forward)
0.47%
Total Yield
1.66%

Company Profile

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States (following FedEx Freight), with roughly 260 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are well above those of its peers. Strategic initiatives focus on increasing network density through market-share gains and on maintaining industry-leading service (including ultralow cargo claims) through steadfast infrastructure investment.
Sector
Industrials
Industry
Trucking
Stock Style Box
Mid Growth
Total Number of Employees
20,591
Website
https://www.odfl.com

Competitors

Valuation

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Metric
ODFL
FDX
XPO
Price/Earnings (Normalized)
 51.6816.5456.03
Price/Book Value
 11.692.6514.26
Price/Sales
 9.530.863.22
Price/Cash Flow
 37.316.4324.84
Price/Earnings
ODFL
FDX
XPO

Financial Strength

Metric
ODFL
FDX
XPO
Quick Ratio
 1.441.150.83
Current Ratio
 1.571.470.99
Interest Coverage
 2,253.2412.453.18
Quick Ratio
ODFL
FDX
XPO

Profitability

Metric
ODFL
FDX
XPO
Return on Assets (Normalized)
 18.17%5.84%5.90%
Return on Equity (Normalized)
 23.46%18.50%26.76%
Return on Invested Capital (Normalized)
 22.97%8.40%10.84%
Return on Assets
ODFL
FDX
XPO

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