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Less-than-truckload (LTL) trucking carrier moving palletized freight across North America through its own terminal network.
Less-than-truckload (LTL) trucking carrier moving palletized freight across North America through its own terminal network.
Charges per shipment, set by weight, distance and type of freight, and moves most freight through terminals it owns rather than rented ones. It has grown by building its own terminals and winning customers on on-time delivery and few damaged goods, instead of buying competitors.
Moat: narrow (scale, installed base, brand). Dense owned terminal network and an on-time service record are costly for rivals to replicate quickly.
Headquarters: Thomasville, North Carolina, USA · Founded: 1934 · Employees: 20,591
Size Old Dominion (ODFL) is a United States Industrials company (Trucking) with a market value of $34.2B, the 330th largest of 3,117 United States companies the cockpit tracks. Shares closed at $164.92 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 5 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +9.3%); the operating margin is 26.6% (peer median 7.3%).
Valuation It trades at 24.9× forward earnings against a peer median of 24.3× (2nd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 18.2 points above its cost of capital (10.6% WACC).
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.79B | $5.50B | $5.81B | $5.87B | $6.26B |
| Revenue growth | — | -5% | -1% | -6% | — |
| Gross profit | $1.90B | $1.74B | $1.93B | $2.00B | $2.20B |
| EBITDA | $1.91B | $1.76B | $1.91B | $1.97B | $2.15B |
| Net income | $1.16B | $1.02B | $1.19B | $1.24B | $1.38B |
| Free cash flow | n/a | $955M | $888M | $812M | $916M |
| Capital expenditure | n/a | $415M | $771M | $757M | $775M |
| Total debt | $20.0M | $141M | $168M | $200M | $198M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Old Dominion ODFL | $34.2B | -17% | +4% | 27% | 24.9× | 15.7% |
| XPO XPO | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% |
| Saia SAIA | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% |
| TFI International TFII.TO | $7.86B | -29% | +3% | 7% | 14.2× | 11.6% |
| FedEx Freight FDXF | $18.5B | n/a | -1% | 6% | 24.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ODFL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -2.8% | 2nd lowest of 6 |
| 6-month return | -16.9% | -12.4% | 2nd lowest of 5 |
| Distance from 52-week high | -34.6% | -29.5% | 2nd lowest of 6 |
| Revenue growth (TTM) | +3.8% | +9.3% | 2nd lowest of 6 |
| Operating margin | 26.6% | 7.3% | highest of 6 |
| Forward P/E | 24.9× | 24.3× | 2nd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | 23.8% | least demanding of 5 |
| Growth delivered (Del g) | +6.5% | +7.2% | 3rd highest of 5 |
| Hurdle (Req g minus delivered) | +9.2 pp | +13.7 pp | least demanding of 5 |
| ROIC minus cost of capital | +18.2 pp | +0.1 pp | highest of 6 |
| EV / EBITDA | 17.7× | 14.0× | 2nd most expensive of 6 |
| Net debt / EBITDA | -0.2× | 2.1× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Old Dominion ODFL | United States | $34.2B | -17% | +4% | 27% | 24.9× | 15.7% | +6.5% |
| XPO XPO | United States | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% | -4.4% |
| J.B. Hunt JBHT | United States | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% | +4.5% |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
| Knight-Swift Transportation KNX | United States | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% | +9.8% |
| Saia SAIA | United States | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% | +12.2% |