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Stocks · Industrials · Trucking (No Local)

Old Dominion

ODFL Clue Score56
United States Fiscal year ends December CIK 0000878927
$181.97 +0.18% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $181.97 −36.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,991.5Operating income483.8Net income295.8EPS, diluted3.56Fiscal year 2017Revenue3,358.1 +12.3%Operating income575.9Net income463.8 +56.8%EPS, diluted5.63Fiscal year 2018Revenue4,043.7 +20.4%Operating income817.1Net income605.7 +30.6%EPS, diluted4.92Fiscal year 2019Revenue4,109.1 +1.6%Operating income818.7Net income615.5 +1.6%EPS, diluted5.10Fiscal year 2020Revenue4,015.1 −2.3%Operating income906.9Net income672.7 +9.3%EPS, diluted5.68Fiscal year 2021Revenue5,256.3 +30.9%Operating income1,391.6Net income1,034.4 +53.8%EPS, diluted8.89Fiscal year 2022Revenue6,260.1 +19.1%Operating income1,840.6Net income1,377.2 +33.1%EPS, diluted6.09Fiscal year 2023Revenue5,866.2 −6.3%Operating income1,640.7Net income1,239.5 −10.0%EPS, diluted5.63Fiscal year 2024Revenue5,814.8 −0.9%Operating income1,544.0Net income1,186.1 −4.3%EPS, diluted5.48Fiscal year 2025Revenue5,496.4 −5.5%Operating income1,361.0Net income1,023.7 −13.7%EPS, diluted4.84
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,991.5 3,358.1 4,043.7 4,109.1 4,015.1 5,256.3 6,260.1 5,866.2 5,814.8 5,496.4
Growth +12.3% +20.4% +1.6% −2.3% +30.9% +19.1% −6.3% −0.9% −5.5%
Operating income 483.8 575.9 817.1 818.7 906.9 1,391.6 1,840.6 1,640.7 1,544.0 1,361.0
Net income 295.8 463.8 605.7 615.5 672.7 1,034.4 1,377.2 1,239.5 1,186.1 1,023.7
Growth +56.8% +30.6% +1.6% +9.3% +53.8% +33.1% −10.0% −4.3% −13.7%
EPS, diluted 3.56 5.63 4.92 5.10 5.68 8.89 6.09 5.63 5.48 4.84

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin16.2%Net margin9.9%Free cash flow margin4.9%Fiscal year 2017Operating margin17.1%Net margin13.8%Free cash flow margin4.6%Fiscal year 2018Operating margin20.2%Net margin15.0%Free cash flow margin7.7%Fiscal year 2019Operating margin19.9%Net margin15.0%Free cash flow margin12.3%Fiscal year 2020Operating margin22.6%Net margin16.8%Free cash flow margin17.6%Fiscal year 2021Operating margin26.5%Net margin19.7%Free cash flow margin12.6%Fiscal year 2022Operating margin29.4%Net margin22.0%Free cash flow margin14.6%Fiscal year 2023Operating margin28.0%Net margin21.1%Free cash flow margin13.8%Fiscal year 2024Operating margin26.6%Net margin20.4%Free cash flow margin15.3%Fiscal year 2025Operating margin24.8%Net margin18.6%Free cash flow margin17.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 16.2% 17.1% 20.2% 19.9% 22.6% 26.5% 29.4% 28.0% 26.6% 24.8%
Net margin 9.9% 13.8% 15.0% 15.0% 16.8% 19.7% 22.0% 21.1% 20.4% 18.6%
Free cash flow margin 4.9% 4.6% 7.7% 12.3% 17.6% 12.6% 14.6% 13.8% 15.3% 17.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow565.6Capital expenditure−417.9Free cash flow147.6Buybacks−130.3Fiscal year 2017Operating cash flow536.3Capital expenditure−382.1Free cash flow154.2 +4.4%Buybacks−8.0Dividends paid−33.0Fiscal year 2018Operating cash flow900.1Capital expenditure−588.3Free cash flow311.8 +102.3%Buybacks−163.3Dividends paid−42.6Fiscal year 2019Operating cash flow983.9Capital expenditure−479.3Free cash flow504.6 +61.8%Buybacks−241.0Dividends paid−54.6Fiscal year 2020Operating cash flow933.0Capital expenditure−225.1Free cash flow707.9 +40.3%Buybacks−364.1Dividends paid−71.0Fiscal year 2021Operating cash flow1,212.6Capital expenditure−550.1Free cash flow662.5 −6.4%Buybacks−536.5Dividends paid−92.4Fiscal year 2022Operating cash flow1,691.6Capital expenditure−775.1Free cash flow916.4 +38.3%Buybacks−1,277.2Dividends paid−134.5Fiscal year 2023Operating cash flow1,569.1Capital expenditure−757.3Free cash flow811.8 −11.4%Buybacks−453.6Dividends paid−175.1Fiscal year 2024Operating cash flow1,659.3Capital expenditure−771.3Free cash flow888.0 +9.4%Buybacks−967.3Dividends paid−223.6Fiscal year 2025Operating cash flow1,370.1Capital expenditure−415.0Free cash flow955.1 +7.6%Buybacks−730.3Dividends paid−235.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 565.6 536.3 900.1 983.9 933.0 1,212.6 1,691.6 1,569.1 1,659.3 1,370.1
Capital expenditure −417.9 −382.1 −588.3 −479.3 −225.1 −550.1 −775.1 −757.3 −771.3 −415.0
Free cash flow 147.6 154.2 311.8 504.6 707.9 662.5 916.4 811.8 888.0 955.1
Growth +4.4% +102.3% +61.8% +40.3% −6.4% +38.3% −11.4% +9.4% +7.6%
Buybacks −130.3 −8.0 −163.3 −241.0 −364.1 −536.5 −1,277.2 −453.6 −967.3 −730.3
Dividends paid n/a −33.0 −42.6 −54.6 −71.0 −92.4 −134.5 −175.1 −223.6 −235.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash10.2Total debt105.0Net cash (debt)−94.8Shareholders’ equity1,851.2Debt to equity0.06Fiscal year 2017Cash127.5Total debt95.0Net cash (debt)32.5Shareholders’ equity2,276.9Debt to equity0.04Fiscal year 2018Cash190.3Total debt45.0Net cash (debt)145.3Shareholders’ equity2,680.5Debt to equity0.02Fiscal year 2019Cash403.6Shareholders’ equity3,080.7Fiscal year 2020Cash401.4Shareholders’ equity3,326.3Fiscal year 2021Cash462.6Shareholders’ equity3,679.8Fiscal year 2022Cash186.3Total debt20.0Net cash (debt)166.3Shareholders’ equity3,652.9Debt to equity0.01Fiscal year 2023Cash433.8Total debt20.0Net cash (debt)413.8Shareholders’ equity4,257.8Debt to equity0.00Fiscal year 2024Cash108.7Total debt20.0Net cash (debt)88.7Shareholders’ equity4,244.6Debt to equity0.00Fiscal year 2025Cash120.1Total debt40.0Net cash (debt)80.1Shareholders’ equity4,311.1Debt to equity0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.2 127.5 190.3 403.6 401.4 462.6 186.3 433.8 108.7 120.1
Total debt 105.0 95.0 45.0 n/a n/a n/a 20.0 20.0 20.0 40.0
Net cash (debt) −94.8 32.5 145.3 n/a n/a n/a 166.3 413.8 88.7 80.1
Shareholders’ equity 1,851.2 2,276.9 2,680.5 3,080.7 3,326.3 3,679.8 3,652.9 4,257.8 4,244.6 4,311.1
Debt to equity 0.06 0.04 0.02 n/a n/a n/a 0.01 0.00 0.00 0.01

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,991.5 3,358.1 4,043.7 4,109.1 4,015.1 5,256.3 6,260.1 5,866.2 5,814.8 5,496.4
Growth +12.3% +20.4% +1.6% −2.3% +30.9% +19.1% −6.3% −0.9% −5.5%
483.8 575.9 817.1 818.7 906.9 1,391.6 1,840.6 1,640.7 1,544.0 1,361.0
Growth +19.0% +41.9% +0.2% +10.8% +53.4% +32.3% −10.9% −5.9% −11.8%
477.6 575.8 815.5 823.9 901.4 1,388.4 1,841.3 1,647.8 1,557.6 1,361.3
181.8 112.1 209.8 208.4 228.7 354.0 464.2 408.3 371.5 337.6
295.8 463.8 605.7 615.5 672.7 1,034.4 1,377.2 1,239.5 1,186.1 1,023.7
Growth +56.8% +30.6% +1.6% +9.3% +53.8% +33.1% −10.0% −4.3% −13.7%
Per share
3.56 5.63 4.93 5.11 5.71 8.94 6.13 5.66 5.51 4.86
3.56 5.63 4.92 5.10 5.68 8.89 6.09 5.63 5.48 4.84
Growth +58.1% −12.6% +3.7% +11.4% +56.5% −31.5% −7.6% −2.7% −11.7%
83.1 82.3 122.9 120.4 117.7 115.7 224.7 218.8 215.3 210.5
83.2 82.4 123.0 120.6 118.5 116.4 226.2 220.2 216.5 211.6
Growth −0.9% +49.3% −2.0% −1.8% −1.8% +94.3% −2.6% −1.7% −2.3%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.5% a year over five years.
  • Operating margin is up 2.2 points on five years ago, at 24.8%.
  • Profitable in every one of the 10 years on file.