Old Dominion Freight Line
Runs an integrated U.S. service-center network for less-than-truckload freight.
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Profile
Hauls less-than-truckload freight across the continental United States through a single integrated service-center network, with expedited, international, truckload brokerage, drayage and specialized options. Virtually all revenue comes from LTL shipments, linking demand to industrial production and the U.S. economy.
Hauls palletized and other less-than-truckload freight through OD Domestic LTL, OD Expedited LTL and OD Critical, linking shippers across the continental United States. OD Global extends coverage through strategic alliances across North America, while OD Truckload, OD Container Drayage and OD Specialized Services cover complementary freight and logistics needs.
Runs these services as one integrated, union-free operation built around 260 service centers. Scheduled linehaul routes, twin-trailer configurations, load-planning software and daily service-center performance reviews support published transit schedules and limited freight handling; owned terminals provide most network door capacity. The model requires continuing investment in real estate, tractors, trailers, technology and trained drivers, and operates under federal and state transportation, safety and environmental rules. Virtually all revenue comes from LTL shipments, tying demand to industrial production and the U.S. economy.
Company facts
Categories
Key statistics
Year to date +24.8% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Neutral | $224 | $228 | |
| Jul 30, 2026 | Evercore ISI | Reiterate | Outperform | $219 | $243 | |
| Jul 30, 2026 | Stifel Nicolaus | Target | $256 | $263 | ||
| Jul 30, 2026 | Jefferies | Reiterate | Hold | $227 | ||
| Jul 29, 2026 | Goldman Sachs | Reiterate | Buy | $235 | $244 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.54 | $1.68 | +9.1% | $1.54B | $1.55B | +0.9% | −4.63% |
| Apr 29, 2026Q1 FY26 | $1.05 | $1.14 | +8.6% | $1.31B | $1.33B | +1.6% | +1.47% |
| Feb 4, 2026Q4 FY25 | $1.06 | $1.09 | +2.8% | $1.30B | $1.31B | +0.6% | −3.07% |
| Oct 29, 2025Q3 FY25 | $1.22 | $1.28 | +4.9% | $1.40B | $1.41B | +0.2% | +0.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.41B | $1.41B | $1.31B | $1.33B | $1.55B | |
| Gross profit | $450.1M | $455.2M | $468.9M | $393.2M | $369.3M | $544.6M | |
| Operating income | $338.1M | $357.9M | $360.8M | $304.3M | $317.3M | $465.3M | |
| Net income | $254.7M | $268.6M | $270.9M | $229.5M | $238.3M | $350.6M | |
| Diluted EPS | $1.19 | $1.27 | $1.28 | $1.09 | $1.14 | $1.68 | |
| Gross margin | 32.7% | 32.3% | 33.3% | 30.1% | 27.7% | 35.0% | |
| Operating margin | 24.6% | 25.4% | 25.7% | 23.3% | 23.8% | 29.9% |
Fiscal years (4-quarter sums)FY21 $5.26B · FY22 $6.26B · FY23 $5.87B · FY24 $5.81B · FY25 $5.50B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $283.9M · Total debt $20.0M · Total assets $5.74B · Shareholders' equity $4.55B
Dividends
Raised for 8 straight years — most recently to $0.29 from $0.28 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 3, 2026 | Jun 3 | Jun 17 | $0.29 | |
| Mar 4, 2026 | Mar 4 | Mar 18 | $0.29 | raised from $0.28 |
| Dec 3, 2025 | Dec 3 | Dec 17 | $0.28 | |
| Sep 3, 2025 | Sep 3 | Sep 17 | $0.28 | |
| Jun 4, 2025 | Jun 4 | Jun 18 | $0.28 | |
| Mar 5, 2025 | Mar 5 | Mar 19 | $0.28 | raised from $0.26 |
| Dec 4, 2024 | Dec 4 | Dec 18 | $0.26 | |
| Sep 4, 2024 | Sep 4 | Sep 18 | $0.26 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 207.97M · Float 186.05M · 89.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.77M | 7.58% | 13F | Aug 7, 2026 |
| FMR LLC | 12.70M | 6.10% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 12.10M | 5.82% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 9.78M | 4.70% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 8.72M | 4.19% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Cecil E. Jr. Overbey | officer: SVP - Strategic Development | −19,952 | $198.39 |
| May 4, 2026 | Greg C. Gantt | director | −22,107 | $191.52 |
| Feb 18, 2026 | Christopher James Kelley | officer: SVP - Operations | −80 | $200.43 |
| Feb 26, 2026 | Earl E. Congdon | officer: Chair Emeritus & Sr. Advisor | −25,000 | $196.13 |
| Feb 19, 2026 | David S. Congdon | director, officer: Executive Chairman | −52,000 | $194.77 |
Peers
- FedEx Freight
Largest US LTL carrier by revenue; national network across all ODFL lanes.
- XPO
Pure-play LTL after spin-offs; 9% US share, aggressive LTL 2.0 strategy.
- Saia
Fast-growing pure-play national LTL; $3.2B revenue, Yellow terminal build-out.
- ArcBest
ABF Freight: unionized national LTL, ~$2.7B LTL revenue, 100-year history.
- TFI International
TForce Freight: US LTL turnaround underway with ~$1.9B US LTL revenue.
- Knight-Swift Transportation
Diversified TL carrier building national LTL under AAA Cooper; $1.24B LTL rev.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Old Dominion Freight Line | $199.00 | +0.19% | $41.31B | 38.3 | 31.8 | 7.4 | +10.4% |
| FedEx Freight | $133.60 | +0.07% | $19.95B | 34.5 | 27.5 | 2.3 | — |
| XPO | $188.56 | +0.01% | $22.08B | 55.6 | 32.1 | 2.6 | +13.2% |
| Saia | $352.25 | −0.03% | $9.40B | 34.0 | 27.7 | 2.8 | +17.1% |
| ArcBest | $136.54 | −0.05% | $3.05B | 197.9 | 16.8 | 0.7 | +15.9% |
| TFI International | $133.75 | +0.33% | $10.96B | 30.3 | 18.7 | 1.2 | +51.2% |
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| Median | 45.1 | 24.1 | 1.8 | +15.9% |