Old Dominion Freight Line, Inc. (ODFL) Stock

Old Dominion Freight Line, Inc. (ODFL) is a Industrials stock trading at $201.57 (as of 2026-08-24), with a market capitalization of $41.92B and a trailing P/E of 41.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Old Dominion Freight Line, Inc. is a U.S. and North America less-than-truckload motor carrier providing regional, inter-regional, and national transportation services, including expedited options. It also offers related value-added services such as container drayage, truckload brokerage, and supply-chain consulting, operating a network of tractors, trailers, maintenance centers, and service centers.

Understand Old Dominion Freight Line, Inc.: how it makes money

Old Dominion Freight Line (ODFL) is a less-than-truckload (LTL) motor carrier that moves regional to national freight in the United States and North America, and it makes money mainly from LTL services revenue, with small contribution from other value-added services.

ODFL’s profit engine is its LTL network, where most revenue comes from LTL Services and operating reliability, reflected in about 99% on-time performance, supports steady service delivery across a large service center footprint.

Revenue by segment (latest quarter)
LTL Services$1.3B
Other Services$0.0B

Business quality (Mixed): ODFL is highly concentrated in LTL Services revenue, and its operating KPIs highlight service reliability and network scale, but volumes and network capacity indicators (like LTL shipments per day decline and excess capacity) point to potential near-term pressure factors.

Valuation: At 46× earnings, ODFL trades 159% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • LTL Services dominates revenue (about 1.32B out of roughly 1.3B total): This concentration suggests the core LTL network is the primary driver of the business results.
  • On-time service is about 99%: High on-time performance is a key operating indicator in the provided metrics.

Bear case

  • LTL Shipments per Day decline is 5%: A volume decline can pressure utilization in an LTL network.
  • Excess Capacity (Service Center Network) is 30%: Higher excess capacity can increase competitive pressure and strain pricing and efficiency.
Valuation — source: SEC EDGAR (first-party)
Price$201.57
Market Cap$41.92B
P/E Ratio41.6
EV / EBITDA24.4
Price / Book9.53
Price / Sales7.68
FCF Yield2.4%
DCF Value (model)$82.67
DCF Upside vs Price-59.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.50B
Net Margin18.6%
Revenue Growth (YoY)-2.9%
EPS Growth (YoY)-5.0%
FCF Growth (YoY)25.2%
Financial Health — source: SEC EDGAR
Altman Z-Score24.66 (safe)
Valuation vs Sector & Industry
Stock P/E41.6
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector60.1%
vs Industry144.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.58B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryTransportation
CEOKevin Freeman
Employees21,817
CountryUS
IPO Date1991-10-24

Related Companies (Transportation; 8 comparable transport companies)

  • Schneider National, Inc. (SNDR)
  • Landstar System, Inc. (LSTR)
  • Knight-Swift Transportation Holdings Inc. (KNX)
  • ArcBest Corporation (ARCB)
  • Saia, Inc. (SAIA)
  • Werner Enterprises, Inc. (WERN)
  • J.B. Hunt Transport Services, Inc. (JBHT)
  • Universal Logistics Holdings, Inc. (ULH)
ODFL earnings history · ODFL institutional & insider holders · ODFL KPIs & operating metrics · ODFL financials · ODFL investor presentations & press releases · ODFL SEC filings · ODFL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.