Latest revenue
$1.33B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $43.77B
- Enterprise value
- $43.81B
- P/E (trailing)
- 42.8×
- Forward P/E
- —
- P/B
- 10.27×
- Dividend yield
- 0.5%
- 52-wk high
- $233.79
- 52-wk low
- $126.01
- Beta
- —
- Shares out
- 208.0M
5-year trend
What this company does
Old Dominion Freight Line runs a less-than-truckload (LTL) trucking network, hauling palletized shipments for multiple customers in the same trailer across North America. Nearly all revenue comes from LTL freight shipping fees, generating $4.19 billion over nine months with operating margins above 25%. Volumes and pricing are softening in the current freight downturn, with revenue down 5% and net income down 14% year-over-year, yet management continues aggressive buybacks, repurchasing over $600 million in shares year-to-date.
Generated from ODFL's filing dated 2026-02-24
Key risks
- Revenue declined 5.4% YoY to $4.19B (9M) with operating income down 12.7%, signaling continued LTL freight recession and weakening pricing power.
- Operating ratio deteriorating: Q3 operating income fell to $360.8M from $401.9M as costs (D&A +6.4%, insurance +9.3%) outpaced shrinking revenue.
- Aggressive capital return amid declining FCF: $602M buybacks plus $177M dividends drove cash from $109M to $47M and required $45M credit drawdown.
Generated from ODFL's filing dated 2026-02-24
Profitability
Operating margin
24.8%
6.7%Net margin
18.6%
8.7%Return on equity
23.7%
15.0%Return on assets
18.7%
13.4%Leverage
Debt / equity
0.27×
8.5%Long-term debt / equity
0.00×
50.8%Debt / assets
21.2%
6.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.33B | -2.9% | — | — | — |
Q4 2025 2025-12-31 | $1.31B | -5.7% | — | — | — |
Q3 2025 2025-09-30 | $1.41B | -4.3% | — | — | — |
Q2 2025 2025-06-30 | $1.41B | -6.1% | — | — | — |
Q1 2025 2025-03-31 | $1.37B | -5.8% | — | — | — |
Q4 2024 2024-12-31 | $1.39B | — | — | — | — |
Q3 2024 2024-09-30 | $1.47B | -3.0% | — | — | — |
Q2 2024 2024-06-30 | $1.50B | +6.1% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Trucking (No Local) · SIC 4213
Your notes
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Insider activity
Insider buying
$0
Insider selling
$22.3M
Net activity
−$22.3M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ODFL
Institutional value
$17.29B
Total shares held
91.0M
Distinct holders
686
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 14.9M | $2.91B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 12.1M | $2.36B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 8.7M | $1.69B | — | New |
| 4 | Bank of New York Mellon Corp | 4.2M | $829.8M | — | New |
| 5 | Boston Partners | 4.0M | $780.3M | — | New |
| 6 | CIBC Bancorp USA Inc. | 3.2M | $628.1M | — | New |
| 7 | FRANKLIN RESOURCES INC | 3.0M | $595.7M | — | New |
| 8 | JPMORGAN CHASE & CO | 2.7M | $515.6M | — | New |
| 9 | Invesco Ltd. | 2.6M | $506.7M | — | New |
| 10 | PARNASSUS INVESTMENTS, LLC | 1.9M | $376.9M | — | New |
| 11 | Clearbridge Investments, LLC | 1.4M | $279.3M | — | New |
| 12 | Legal & General Group Plc | 1.3M | $247.2M | — | New |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1.1M | $215.8M | — | New |
| 14 | Life Cycle Investment Partners Ltd | 1.1M | $215.6M | — | New |
| 15 | TD ASSET MANAGEMENT INC | 1.1M | $205.3M | — | New |
| 16 | VANGUARD FIDUCIARY TRUST CO | 1.0M | $203.2M | — | New |
| 17 | CITIGROUP INC | 984.6K | $192.4M | — | New |
| 18 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 971.5K | $189.8M | — | New |
| 19 | California Public Employees Retirement System | 864.1K | $168.8M | — | New |
| 20 | FIRST TRUST ADVISORS LP | 770.9K | $150.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Q3 operating ratio deteriorated to 74.3% from 72.7% YoY despite cost cuts—where's the floor if tonnage stays weak into 2026?
- 2
Revenue fell 4.3% YoY yet D&A rose to $272M and CapEx continues; why keep investing capacity when industry volumes haven't inflected?
- 3
You spent $602M on buybacks YTD against $794M net income, drawing cash to $46M—at what point does leverage replace excess cash funding repurchases?
Refreshed when ODFL files a new report · last from 2026-02-24