Old Dominion Freight Line, Inc. (ODFL) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Trucking
EV/EBITDA
↓
23.93
+17% vs avg
5yr avg: 20.40
30Y Low2.9·High25.0
P/FCF
↓
43.22
-6% vs avg
5yr avg: 46.08
30Y Low22.4·High85.3
P/B Ratio
↓
9.64
+2% vs avg
5yr avg: 9.45
30Y Low0.6·High11.3
ROE
↓
23.9%
↑-20% vs avg
5yr avg: 30.1%
30Y Low6%·High38%
Debt/EBITDA
↑
0.08
↑+28% vs avg
5yr avg: 0.06
30Y Low0.0·High1.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ODFL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Old Dominion Freight Line, Inc. trades at 41.0x earnings, 25% above its 5-year average of 32.8x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 61%. On a free-cash-flow basis, the stock trades at 43.2x P/FCF, 6% below the 5-year average of 46.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $41.3B | $32.9B | $38.2B | $44.6B | $32.1B | $41.7B | $23.1B | $15.3B | $10.1B | $10.8B | $7.1B |
| Enterprise Value | $41.3B | $32.9B | $38.2B | $44.3B | $32.0B | $41.4B | $22.8B | $14.9B | $10.0B | $10.8B | $7.2B |
| P/E Ratio → | 41.01 | 32.46 | 32.19 | 36.00 | 23.30 | 40.27 | 34.36 | 24.81 | 16.73 | 23.32 | 24.03 |
| P/S Ratio | 7.51 | 5.99 | 6.57 | 7.61 | 5.13 | 7.94 | 5.76 | 3.71 | 2.50 | 3.23 | 2.38 |
| P/B Ratio | 9.64 | 7.63 | 9.00 | 10.48 | 8.78 | 11.34 | 6.95 | 4.95 | 3.78 | 4.76 | 3.85 |
| P/FCF | 43.22 | 34.46 | 43.01 | 54.97 | 35.02 | 62.97 | 32.67 | 30.24 | 32.48 | 70.32 | 48.32 |
| P/OCF | 30.13 | 24.02 | 23.01 | 28.44 | 18.97 | 34.40 | 24.79 | 15.51 | 11.25 | 20.21 | 12.61 |
P/E links to full P/E history page with 30-year chart
ODFL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Old Dominion Freight Line, Inc.'s enterprise value stands at 23.9x EBITDA, 17% above its 5-year average of 20.4x. The Industrials sector median is 13.8x, placing the stock at a 74% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.99 | 6.58 | 7.55 | 5.11 | 7.87 | 5.68 | 3.63 | 2.47 | 3.22 | 2.42 |
| EV / EBITDA | 23.93 | 19.08 | 20.25 | 22.53 | 15.12 | 25.04 | 19.54 | 13.90 | 9.53 | 13.83 | 10.73 |
| EV / EBIT | 30.35 | 24.19 | 24.55 | 26.86 | 17.39 | 29.75 | 25.25 | 18.08 | 12.22 | 18.77 | 14.94 |
| EV / FCF | — | 34.48 | 43.07 | 54.53 | 34.92 | 62.42 | 32.24 | 29.53 | 32.01 | 70.11 | 48.97 |
ODFL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Old Dominion Freight Line, Inc. earns an operating margin of 24.8%, significantly above the Industrials sector average of 4.9%. Operating margins have compressed from 28.0% to 24.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 23.9% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 23.6% represents excellent returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.2% | 32.2% | 34.8% | 35.3% | 36.0% | 33.8% | 30.6% | 28.5% | 28.3% | 26.1% | 24.9% |
| Operating Margin | 24.8% | 24.8% | 26.6% | 28.0% | 29.4% | 26.5% | 22.6% | 19.9% | 20.2% | 17.1% | 16.2% |
| Net Profit Margin | 18.6% | 18.6% | 20.4% | 21.1% | 22.0% | 19.7% | 16.8% | 15.0% | 15.0% | 13.8% | 9.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.9% | 23.9% | 27.9% | 31.3% | 37.6% | 29.5% | 21.0% | 21.4% | 24.4% | 22.5% | 16.7% |
| ROA | 18.5% | 18.5% | 21.6% | 23.9% | 28.5% | 22.5% | 16.1% | 16.3% | 18.3% | 16.1% | 11.5% |
| ROIC | 23.6% | 23.6% | 28.2% | 32.9% | 40.1% | 32.9% | 23.7% | 23.4% | 25.6% | 20.6% | 19.3% |
| ROCE | 27.1% | 27.1% | 31.1% | 35.4% | 42.5% | 33.3% | 23.8% | 24.0% | 27.7% | 22.5% | 21.1% |
ODFL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Old Dominion Freight Line, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 3.2x). Net debt stands at $21M ($141M total debt minus $120M cash). Interest coverage of 4600.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | 0.06 |
| Debt / EBITDA | 0.08 | 0.08 | 0.09 | 0.04 | 0.05 | 0.06 | 0.09 | 0.04 | 0.04 | 0.12 | 0.16 |
| Net Debt / Equity | — | 0.00 | 0.01 | -0.08 | -0.02 | -0.10 | -0.09 | -0.12 | -0.05 | -0.01 | 0.05 |
| Net Debt / EBITDA | 0.01 | 0.01 | 0.03 | -0.18 | -0.04 | -0.22 | -0.26 | -0.33 | -0.14 | -0.04 | 0.14 |
| Debt / FCF | — | 0.02 | 0.07 | -0.44 | -0.09 | -0.55 | -0.43 | -0.71 | -0.47 | -0.21 | 0.64 |
| Interest Coverage | 4600.01 | 4600.01 | 7348.16 | 3552.24 | 1177.63 | 804.95 | 325.00 | 2186.54 | 4323.02 | 267.36 | 111.69 |
ODFL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.44x means Old Dominion Freight Line, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.10x to 1.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.44 | 1.44 | 1.33 | 2.10 | 1.76 | 2.98 | 3.33 | 2.37 | 1.98 | 1.67 | 1.33 |
| Quick Ratio | 1.44 | 1.44 | 1.33 | 2.10 | 1.76 | 2.98 | 3.33 | 2.37 | 1.98 | 1.67 | 1.33 |
| Cash Ratio | 0.25 | 0.25 | 0.20 | 0.80 | 0.44 | 1.54 | 1.96 | 1.10 | 0.53 | 0.36 | 0.04 |
| Asset Turnover | — | 0.98 | 1.06 | 1.06 | 1.29 | 1.09 | 0.92 | 1.03 | 1.14 | 1.09 | 1.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 32.83 | 33.12 | 38.29 | 35.28 | 41.60 | 41.29 | 36.26 | 42.27 | 45.19 | 40.81 |
ODFL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Old Dominion Freight Line, Inc. returns 2.3% to shareholders annually — split between a 0.6% dividend yield and 1.8% buyback yield. The payout ratio of 23.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.7% | 0.6% | 0.4% | 0.4% | 0.2% | 0.3% | 0.4% | 0.4% | 0.3% | — |
| Payout Ratio | 23.0% | 23.0% | 18.9% | 14.1% | 9.8% | 8.9% | 10.6% | 8.9% | 7.0% | 7.1% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 3.1% | 3.1% | 2.8% | 4.3% | 2.5% | 2.9% | 4.0% | 6.0% | 4.3% | 4.2% |
| FCF Yield | 2.3% | 2.9% | 2.3% | 1.8% | 2.9% | 1.6% | 3.1% | 3.3% | 3.1% | 1.4% | 2.1% |
| Buyback Yield | 1.8% | 2.2% | 2.5% | 1.0% | 4.0% | 1.3% | 1.6% | 1.6% | 1.6% | 0.1% | 1.8% |
| Total Shareholder Yield | 2.3% | 2.9% | 3.1% | 1.4% | 4.4% | 1.5% | 1.9% | 1.9% | 2.0% | 0.4% | 1.8% |
| Shares Outstanding | — | $210M | $216M | $220M | $226M | $233M | $237M | $241M | $246M | $247M | $249M |
Peer Comparison
Compare ODFL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ODFLYou | $41B | 41.0 | 23.9 | 43.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 47.2 | 20.6 | 438.0 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 ARCB | $3B | 46.5 | 12.6 | 23.8 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 WERN | $2B | -151.6 | 8.1 | — | 5.8% | 2.3% | -1.0% | 2.5% | 2.1 |
 XPO | $24B | 78.3 | 22.9 | 73.8 | 12.0% | 8.9% | 18.3% | 9.3% | 3.8 |
 TFII | $11B | 26.6 | 9.2 | 11.5 | 12.2% | 6.9% | 16.2% | 9.7% | 2.3 |
 JBHT | $23B | 39.6 | 15.4 | 24.2 | 10.5% | 7.2% | 15.8% | 12.0% | 0.9 |
 KNX | $10B | 154.7 | 12.4 | 13.5 | 28.3% | 3.4% | 0.9% | 2.0% | 2.8 |
 CHRW | $20B | 35.5 | 24.3 | 22.7 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 HTLD | $1B | -19.4 | 11.8 | — | -0.9% | -7.7% | -6.6% | -4.8% | 1.7 |
 MRTN | $1B | 72.1 | 10.3 | — | 5.7% | 1.2% | 2.3% | 1.1% | 0.0 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full ODFL Stock Analysis
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Start ComparisonODFL — Frequently Asked Questions
Quick answers to the most common questions about buying ODFL stock.
What is Old Dominion Freight Line, Inc.'s P/E ratio?
Old Dominion Freight Line, Inc.'s current P/E ratio is 41.0x. The historical average is 20.3x. This places it at the 100th percentile of its historical range.
What is Old Dominion Freight Line, Inc.'s EV/EBITDA?
Old Dominion Freight Line, Inc.'s current EV/EBITDA is 23.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
What is Old Dominion Freight Line, Inc.'s ROE?
Old Dominion Freight Line, Inc.'s return on equity (ROE) is 23.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 18.0%.
Is ODFL stock overvalued?
Based on historical data, Old Dominion Freight Line, Inc. is trading at a P/E of 41.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Old Dominion Freight Line, Inc.'s dividend yield?
Old Dominion Freight Line, Inc.'s current dividend yield is 0.57% with a payout ratio of 23.0%.
What are Old Dominion Freight Line, Inc.'s profit margins?
Old Dominion Freight Line, Inc. has 32.2% gross margin and 24.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Old Dominion Freight Line, Inc. have?
Old Dominion Freight Line, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.