Old Dominion Freight Line, Inc. (ODFL)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Old Dominion Freight Line, Inc. (ODFL) trades at $217.65 with AI Score 86/100 (Grade A+). Old Dominion Freight Line, Inc. is a leading less-than-truckload (LTL) motor carrier in North America. Market cap: $45.26B, Sector: Industrials.
Price live · AI analysis from May 10, 2026ODFL stock analysis for 2026: Analysts have set a consensus price target of $191.00 for Old Dominion Freight Line, Inc., suggesting 12.2% downside from the current price of $217.65. The AI MoonshotScore is 86/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
ODFL: 1/2 perspectives are bullish.
How is this calculated? →Old Dominion Freight Line, Inc. (ODFL) Industrial Operations Profile
Old Dominion Freight Line is a prominent less-than-truckload (LTL) carrier, offering regional, inter-regional, and national services. With a focus on expedited transportation and value-added solutions, ODFL distinguishes itself through a robust network of service centers and a commitment to operational efficiency in the competitive trucking industry.
What Is the Investment Thesis for ODFL?
Old Dominion Freight Line presents a compelling investment case based on its strong market position, efficient operations, and consistent financial performance. With a market capitalization of $45.26B and a profit margin of 18.5%, ODFL demonstrates financial stability. The company's P/E ratio of 45.1 reflects investor confidence in its earnings potential. Key growth catalysts include the ongoing demand for LTL services and the company's ability to maintain its high service standards. Risks include economic downturns that could reduce freight volumes and increased competition from other LTL carriers. The company's commitment to reinvesting in its network and technology positions it for continued success.
Based on FMP financials and quantitative analysis
ODFL Key Highlights
- Market Cap of $45.26B indicates substantial investor confidence in ODFL's market position and future growth prospects.
- Profit Margin of 18.5% demonstrates efficient operations and pricing strategies, outperforming some industry peers.
- Gross Margin of 30.9% reflects ODFL's ability to manage costs effectively while maintaining service quality.
- Dividend Yield of 0.57% provides a modest income stream for investors, signaling financial stability.
- Beta of 1.21 suggests that ODFL's stock price is more volatile than the overall market, potentially offering higher returns but also greater risk.
Who Are ODFL's Competitors?
ODFL is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | $1741.30 | -6.64% | $61.30B | 98 |
| BE Bloom Energy Corporation | $270.89 | -6.43% | $77.05B | 71 |
| WAB Westinghouse Air Brake Technologies Corporation | $262.19 | -0.69% | $44.49B | 67 |
| EME EMCOR Group, Inc. | $774.66 | -3.69% | $34.50B | 88 |
| IR Ingersoll Rand Inc. | $80.59 | -0.33% | $31.54B | 63 |
| TFII TFI International Inc. | $139.14 | -1.78% | 12B | 58 |
| TSP TuSimple Holdings Inc. | $0.25 | -5.66% | $57.47M | 56 |
| CVLG Covenant Logistics Group, Inc. | $43.94 | -1.99% | $1.11B | 50 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ODFL's Key Strengths?
- Extensive service center network
- High service quality and reliability
- Strong financial performance
- Experienced management team
What Are ODFL's Weaknesses?
- Dependence on economic cycles
- Exposure to fuel price fluctuations
- Capital-intensive business model
- Sensitivity to labor costs
What Could Drive ODFL Stock Higher?
- Continued growth in e-commerce driving demand for LTL services.
- Investments in technology enhancing operational efficiency and customer service.
- Expansion of service center network increasing capacity and market reach.
- Potential acquisitions of smaller carriers expanding geographic footprint.
- New service offerings catering to specialized transportation needs.
What Are the Key Risks for ODFL?
- Rich valuation — a P/E of 45.1 runs well above the Industrials sector’s ~30x, leaving little room for a miss.
- Insider selling — insiders were net sellers of roughly $19.9M recently.
- Economic downturns reducing freight volumes and revenue.
- Increased competition from other LTL carriers impacting market share.
- Fluctuations in fuel prices affecting operating costs.
- Regulatory changes impacting trucking industry, such as hours-of-service rules.
- Labor shortages and rising labor costs impacting profitability.
What Are the Growth Opportunities for ODFL?
- Expansion of Service Center Network: Old Dominion can grow by strategically expanding its network of service centers to increase capacity and improve transit times. This expansion allows ODFL to penetrate new markets and better serve existing customers, capturing a larger share of the LTL market. The market size for LTL services is estimated to be billions of dollars annually, with ongoing growth driven by e-commerce and industrial activity. This expansion is an ongoing initiative.
- Technology Investments: Continued investment in technology can enhance operational efficiency, improve customer service, and provide real-time visibility into shipments. This includes implementing advanced tracking systems, optimizing routing algorithms, and utilizing data analytics to improve decision-making. These technological advancements can lead to cost savings and increased customer satisfaction, driving revenue growth. These are ongoing investments.
- Value-Added Services: Expanding value-added services, such as supply chain consulting and specialized transportation solutions, can attract new customers and increase revenue per shipment. By offering comprehensive logistics solutions, Old Dominion can become a strategic partner for its customers, fostering long-term relationships and generating recurring revenue. This is an ongoing area of focus.
- E-commerce Growth: Capitalizing on the growth of e-commerce by providing efficient and reliable last-mile delivery solutions. As e-commerce continues to expand, the demand for LTL services to support online retailers and their supply chains will increase. Old Dominion can leverage its network and expertise to capture a significant share of this growing market. This growth is ongoing.
- Strategic Acquisitions: Pursuing strategic acquisitions of smaller LTL carriers or complementary logistics providers can expand Old Dominion's geographic reach, enhance its service offerings, and increase its market share. Acquisitions can provide access to new markets, technologies, and customer relationships, accelerating growth and strengthening the company's competitive position. This is a potential future strategy.
What Opportunities Does ODFL Have?
- Expansion into new geographic markets
- Growth in e-commerce-related freight
- Increased demand for supply chain optimization services
- Strategic acquisitions of smaller carriers
What Threats Does ODFL Face?
- Increased competition from other LTL carriers
- Economic downturns reducing freight volumes
- Regulatory changes impacting trucking industry
- Disruptions from new technologies or business models
What Are ODFL's Competitive Advantages?
- Extensive Service Center Network: A large network of strategically located service centers provides a competitive advantage in terms of coverage and transit times.
- Operational Efficiency: A focus on operational efficiency and technology investments enables Old Dominion to provide reliable and cost-effective services.
- High Service Quality: A reputation for high service quality and customer satisfaction fosters long-term customer relationships.
- Financial Strength: Strong financial performance and a healthy balance sheet provide the resources to invest in growth and innovation.
What Does ODFL Do?
Founded in 1934 and headquartered in Thomasville, North Carolina, Old Dominion Freight Line, Inc. has evolved into a leading less-than-truckload (LTL) motor carrier in the United States and North America. The company's core business revolves around providing a comprehensive range of LTL services, encompassing regional, inter-regional, and national transportation solutions. These services cater to businesses requiring the shipment of goods that do not fill an entire truckload. Beyond its standard LTL offerings, Old Dominion provides expedited transportation services for time-sensitive shipments. The company also offers value-added services, including container drayage, truckload brokerage, and supply chain consulting, demonstrating its commitment to providing end-to-end logistics solutions. As of December 31, 2021, Old Dominion operated a substantial fleet of 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers. Its infrastructure includes 3 fleet maintenance centers and a network of 251 service centers strategically located to facilitate efficient freight movement. Old Dominion's extensive network and asset base enable it to provide reliable and comprehensive LTL services across North America.
What Products and Services Does ODFL Offer?
- Provides regional less-than-truckload (LTL) transportation services.
- Offers inter-regional LTL transportation services.
- Delivers national LTL transportation services across North America.
- Provides expedited transportation services for time-sensitive shipments.
- Offers container drayage services for port-related freight.
- Provides truckload brokerage services.
- Offers supply chain consulting services to optimize logistics operations.
How Does ODFL Make Money?
- Generates revenue by transporting less-than-truckload (LTL) shipments for businesses.
- Charges customers based on factors such as shipment weight, distance, and service level.
- Utilizes a network of service centers and transportation equipment to efficiently move freight.
- Offers value-added services, such as container drayage and supply chain consulting, for additional revenue.
What Industry Does ODFL Operate In?
Old Dominion Freight Line operates within the competitive trucking industry, specifically in the less-than-truckload (LTL) segment. The industry is influenced by economic cycles, fuel prices, and regulatory changes. Market trends include increasing demand for e-commerce-related freight and a focus on supply chain optimization. Old Dominion competes with other major LTL carriers, such as FIX: Comfort Systems USA, Inc., BE: Bloom Energy Corporation, WAB: Westinghouse Air Brake Technologies Corporation, EME: EMCOR Group, Inc., and IR: Ingersoll Rand Inc.. The company differentiates itself through its service quality, network density, and technology investments.
Who Are ODFL's Key Customers?
- Businesses requiring regional, inter-regional, and national LTL transportation.
- Manufacturers shipping goods to distributors and retailers.
- Retailers transporting inventory between distribution centers and stores.
- E-commerce companies needing last-mile delivery solutions.
Net sellingInsider Activity
Over the past six months, Old Dominion Freight Line, Inc. insiders filed 29 SEC Form 4 transactions — 19 sales and 10 purchases. On net that is roughly 513K shares disposed (about $19.9M), a signal worth weighing alongside the fundamentals.
Quarterly Financial Performance: Old Dominion Freight Line, Inc.
Revenue for Old Dominion Freight Line, Inc. came in at $1.33B during Q1 2026, a 2.1% improvement versus the preceding quarter. The company recorded net income of $238.3M, with diluted EPS of $1.14. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Industrials. Across the four most recent quarters, ODFL averaged $1.20 in diluted EPS.
ODFL Valuation & Market Position
With a $45.26B market cap, Old Dominion Freight Line, Inc. sits in the large-cap segment of the market. Relative to its peer group, ODFL's quantitative score of 86/100 is roughly in line with the peer average of 77/100.
ROE 23%Key Financial Metrics
Return on equity for Old Dominion Freight Line, Inc. stands at 23.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 17.8%, showing how much profit it generates from its asset base. ODFL trades at a trailing price-to-earnings ratio of 45.13, above the Industrials sector average of ~30x. Its free cash flow yield is 2.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.57 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.2%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
Old Dominion Freight Line, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 24.44 places it in the safe zone, indicating low near-term bankruptcy risk.
6/8 beatsEarnings Track Record
Old Dominion Freight Line, Inc. has beaten Wall Street's EPS estimate in 6 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 3.6% above estimates on average.
FY2026 estForward Outlook
Wall Street analysts project Old Dominion Freight Line, Inc. revenue of about $5.80B for fiscal 2026, with EPS near $5.49. The estimate reflects 15 contributing analysts.
Company Profile
Old Dominion Freight Line, Inc. operates in the Trucking industry within the Industrials sector. It is headquartered in Thomasville, US. The company is led by CEO Kevin Freeman. ODFL has traded publicly since 1991.
ODFL Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Extensive service center network
- High service quality and reliability
- Strong financial performance
- Experienced management team
Bear Case
- Dependence on economic cycles
- Exposure to fuel price fluctuations
- Capital-intensive business model
- Sensitivity to labor costs
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
From the Earnings Call
“The 10-year average change for the operating ratio was a 300 to 350 basis point improvement from the first to the second quarter. And we're comfortable with that range in the second quarter this year, assuming that we do see some sequential improvement in our volumes from here.”
— Adam Satterfield, CFO
“This is why, despite a challenging operating environment, we invested nearly $2 billion capital expenditures over the past 3 years and why we plan to invest an additional $265 million in 2026.”
— Marty Freeman, President and Chief Executive Officer
ODFL Q1 FY2026 earnings call transcript · 2026-04-29
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.33B | $238M | $1.14 |
| Q4 2025 | $1.31B | $229M | $1.09 |
| Q3 2025 | $1.41B | $271M | $1.28 |
| Q2 2025 | $1.41B | $269M | $1.27 |
Based on FMP financials and quantitative analysis
ODFL Latest News
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Old Dominion Freight Line (ODFL) Stock Looks Fully Priced After Its 72% Run
Yahoo! Finance: ODFL News · Jul 2, 2026
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Should Old Dominion’s Softer Metrics and Cash Position Strategy Require Action From Old Dominion Freight Line (ODFL) Investors?
Yahoo! Finance: ODFL News · Jul 2, 2026
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ARCB Gains From AI, Pricing Discipline and a Tighter Truckload Cycle
Yahoo! Finance: ODFL News · Jul 1, 2026
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ArcBest's Outlook Hinges on Pricing, Productivity and Mix
Yahoo! Finance: ODFL News · Jul 1, 2026
ODFL Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ODFL.
Price Targets
Consensus target: $191.00
ODFL MoonshotScore
What does this score mean?
The MoonshotScore rates ODFL's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Old Dominion Freight Line (ODFL) Stock Looks Fully Priced After Its 72% Run
Should Old Dominion’s Softer Metrics and Cash Position Strategy Require Action From Old Dominion Freight Line (ODFL) Investors?
ARCB Gains From AI, Pricing Discipline and a Tighter Truckload Cycle
ArcBest's Outlook Hinges on Pricing, Productivity and Mix
Latest Old Dominion Freight Line, Inc. Analysis
Leadership: Kevin Freeman
CEO
Kevin Freeman has served as the CEO of Old Dominion Freight Line, Inc. He has extensive experience in the transportation industry, having held various leadership positions within the company. His career at Old Dominion has spanned multiple decades, providing him with a deep understanding of the company's operations, culture, and strategic direction. He is responsible for overseeing the company's overall performance and growth initiatives.
Track Record: Under Kevin Freeman's leadership, Old Dominion Freight Line has experienced significant growth and expansion. He has overseen strategic investments in the company's network, technology, and service offerings. Key milestones during his tenure include expanding the service center network, improving operational efficiency, and enhancing customer satisfaction. He has also guided the company through economic cycles and competitive challenges.
Old Dominion Freight Line, Inc. Industrials Stock: Key Questions Answered
What does Old Dominion Freight Line, Inc. do?
Old Dominion Freight Line, Inc. is a leading less-than-truckload (LTL) motor carrier that provides regional, inter-regional, and national LTL services across North America. The company specializes in transporting shipments that do not require a full truckload, consolidating freight from multiple customers to maximize efficiency. In addition to its core LTL services, Old Dominion offers expedited transportation, container drayage, truckload brokerage, and supply chain consulting, providing comprehensive logistics solutions to businesses across various industries.
What do analysts say about ODFL stock?
Analysts generally view Old Dominion Freight Line (ODFL) favorably due to its strong market position, efficient operations, and consistent financial performance. Key valuation metrics, such as the P/E ratio of 45.1, reflect investor confidence in the company's earnings potential. Growth considerations include the ongoing demand for LTL services, the company's ability to maintain high service standards, and strategic investments in its network and technology. However, analysts also note potential risks, such as economic downturns and increased competition.
What are the main risks for ODFL?
Old Dominion Freight Line faces several risks, including economic downturns that could reduce freight volumes and revenue. Increased competition from other LTL carriers could impact market share and pricing. Fluctuations in fuel prices can affect operating costs, while regulatory changes in the trucking industry, such as hours-of-service rules, could impact efficiency. Labor shortages and rising labor costs also pose a risk to profitability. These factors could affect ODFL's financial performance and strategic objectives.
How does Old Dominion Freight Line, Inc. compare to competitors in its industry?
Old Dominion Freight Line distinguishes itself through its commitment to service quality, operational efficiency, and technology investments. Compared to competitors like FIX: Comfort Systems USA, Inc., BE: Bloom Energy Corporation, WAB: Westinghouse Air Brake Technologies Corporation, EME: EMCOR Group, Inc., and IR: Ingersoll Rand Inc., ODFL focuses specifically on LTL services, allowing it to develop expertise and a strong network in this niche. This specialization, combined with a focus on customer satisfaction, has contributed to ODFL's strong market position and financial performance.
What are the key financial metrics investors watch for ODFL?
Investors closely monitor several key financial metrics for Old Dominion Freight Line (ODFL). Revenue growth indicates the company's ability to increase sales and market share. The profit margin, currently at 18.5%, reflects operational efficiency and pricing strategies. The gross margin of 30.9% demonstrates the company's ability to manage costs effectively. The P/E ratio provides insight into investor sentiment and valuation relative to earnings. Additionally, investors track the dividend yield and beta to assess income potential and risk.
What are the key factors to evaluate for ODFL?
Old Dominion Freight Line, Inc. (ODFL) holds an AI score of 86/100 (high). P/E: 45.1x vs the S&P 500's ~20-25x. Analysts target $191.00 (-12%). Not financial advice.
How frequently does ODFL data refresh on this page?
ODFL prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ODFL's recent stock price performance?
Old Dominion Freight Line, Inc. (ODFL) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive service center network. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.