Old Dominion Freight Line, Inc. (ODFL) is listed on NASDAQ and operates in the Trucking industry (Industrials sector).
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 11 |
| Hold | 21 |
| Sell | 4 |
| Strong Sell | 0 |
Old Dominion Freight Line, Inc., founded in 1934 and headquartered in Thomasville, North Carolina, operates as a less-than-truckload (LTL) motor carrier across the United States and North America. The company provides regional, inter-regional, and national LTL services, including expedited transportation. In addition to its core LTL services, Old Dominion offers value-added services such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, the company managed a fleet comprising 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers. It also maintained three fleet maintenance centers and operated 251 service centers. Old Dominion Freight Line is part of the industrials sector, specifically within the trucking industry, focusing on efficient and reliable freight transportation solutions.
Over the past three fiscal years, the company has experienced a decline in revenue, which decreased at a CAGR of -3.2% from $5.87 billion in 2023 to $5.50 billion in 2025. This revenue contraction was accompanied by a consistent decrease in profitability metrics, with gross margin compressing by 3.2pp to 32.2%, operating margin declining by 3.2pp to 24.8%, and net margin reducing by 2.5pp to 18.6% over the same period. Despite these challenges, the company managed to improve its free cash flow (FCF), which consistently increased at a CAGR of 8.5%, reaching $955 million in 2025. This improvement in FCF was reflected in the FCF margin, which expanded by 3.5pp to 17.4%, indicating enhanced cash generation efficiency. The company's cash conversion ratio (CCR) remained strong at 1.34, suggesting that earnings are well-supported by actual cash flows. Additionally, the firm maintained a net cash position, although it decreased from -$354 million to -$81 million, indicating a reduction in cash reserves. The company also reduced its share count by 4.7%, which likely contributed to enhancing per-share value despite the overall decline in earnings per share (EPS), which fell at a CAGR of -7.4% to $4.83. Overall, while the company faced revenue and margin pressures, its ability to generate and convert cash improved, providing a solid foundation for financial stability.
Recent developments for Old Dominion Freight Line, Inc. (ODFL) highlight significant institutional trading activity and analyst actions. Asset Management One Co. Ltd. reduced its holdings in Old Dominion by 6% in the fourth quarter, now holding shares valued at $12,743,000. Conversely, Aberdeen Group plc increased its stake by purchasing 11,410 shares, bringing its total to 23,252,921 shares valued at $3,273,546,000. Additionally, Childress Capital Advisors LLC acquired 2,384 shares, while Patriot Financial Group Insurance Agency LLC took a new position with 2,899 shares. On the analyst front, Wells Fargo upgraded Old Dominion to 'Equal Weight', citing resilience in freight recovery. This upgrade aligns with a broader industry perspective, as Old Dominion was mentioned among truck stocks maintaining stability despite industry challenges. These institutional movements and analyst upgrades suggest a mixed sentiment towards Old Dominion, reflecting both confidence in its market position and cautious adjustments in portfolio strategies. The company's upcoming first-quarter 2026 conference call, scheduled for April, may provide further insights into its financial trajectory and strategic initiatives.