ODFL
Old Dominion Freight Line, Inc.
ODFL's fundamentals are strong: it turned 20% of its revenue into free cash flow and free cash flow grew 27%. At 31x earnings, it's trading in line with its usual 34x. Analysts expect strong earnings growth.
ODFL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
ODFL's revenue, profitability, cash flow and balance sheet are all currently healthy.
ODFL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 26x | $172 | — |
| Cheap | 27x | $150 | -12% |
| Current | 31x | $172 | — |
| Fair | 34x | $188 | +9.7% |
| Expensive | 40x | $225 | +31% |
Historical ranges are pointers, not guarantees.
ODFL's PE is in its fair range at 31x. If earnings grow as analysts expect, today's price would be 26x next year's earnings, in its cheap range.
ODFL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ODFL, with profitability improving.
ODFL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.62 | +19% |
| Q3 2026 | $5.57 | +12% |
| Q2 2026 | $5.20 | +1.6% |
| Q1 2026 | $4.79 | -10% |
| Q4 2025 | $4.84 | -12% |
| Q3 2025 | $4.97 | -13% |
| Q2 2025 | $5.12 | -12% |
| Q1 2025 | $5.33 | -6.2% |
| Q4 2024 | $5.48 | -2.7% |
ODFL earned $5.57 per share over the past year, up 12% from the year before.
ODFL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +13% |
| Q2 2026 | $1.6B | +10% |
| Q1 2026 | $1.3B | -2.9% |
| Q4 2025 | $1.3B | -5.7% |
| Q3 2025 | $1.4B | -4.3% |
| Q2 2025 | $1.4B | -6.1% |
| Q1 2025 | $1.4B | -5.8% |
| Q4 2024 | $1.4B | -7.3% |
ODFL's revenue grew through 2023 and has held roughly level since: $1.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +2.8 points |
| Q2 2026 | 30% | +4.5 points |
| Q1 2026 | 24% | -0.8 points |
| Q4 2025 | 23% | -0.8 points |
| Q3 2025 | 26% | -1.7 points |
| Q2 2025 | 25% | -2.7 points |
| Q1 2025 | 25% | -1.9 points |
| Q4 2024 | 24% | -4 points |
ODFL's operating margin was 28% last quarter, up 2.8 points from the same quarter a year ago.
ODFL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $402.4M | +17% |
| Q2 2026 | $195.7M | +98% |
| Q1 2026 | $311.1M | +25% |
| Q4 2025 | $264.5M | +15% |
| Q3 2025 | $343.5M | +69% |
| Q2 2025 | $98.7M | -34% |
| Q1 2025 | $248.4M | -18% |
| Q4 2024 | $230.1M | -30% |
ODFL's free cash flow has been positive every quarter for seven years: $1.2B over the past year, up 27% from the year before.
ODFL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -593K shares |
| 1 year | -1.3% | -2.8M shares |
| 3 years | -5.3% | -11.5M shares |
| 5 years | -10% | -24.2M shares |
| Available history | -14% | -33.1M shares |
ODFL has 208M diluted shares, down 1.3% from a year ago, with $526M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $160.9M |
| Q2 2026 | $151.6M |
| Q1 2026 | $88.1M |
| Q4 2025 | $124.9M |
| Q3 2025 | $180.8M |
| Q2 2025 | $223.5M |
| Q1 2025 | $201.1M |
| Q4 2024 | $182.5M |
ODFL spent $526M buying back its own shares over the past year, down 33% from the year before.
ODFL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Net Cash |
ODFL has more cash than debt.
ODFL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 8.0 | Oversold |
ODFL's weekly RSI is 40 (neutral) and its Stochastic is 8 (oversold).
ODFL PE vs Industrials Sector
| Metric | ODFL | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 28% above |
| PE % | 35 | 58 | 23 pts below |
ODFL is trading at 31x earnings, a 28% premium to the Industrials sector's median of 24x.
ODFL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $176.9 | 3% below |
| 20 week MA | $195.5 | 12% below |
| 50 week MA | $195.2 | 12% below |
| 100 week MA | $177.6 | 3.3% below |
| 200 week MA | $184.6 | 7% below |
ODFL is in a downtrend: it's below all five of its weekly moving averages, and 7% below its 200-week average.
ODFL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $63.0 | $99.1 | +57% |
| 2021 | $99.1 | $174.2 | +76% |
| 2022 | $174.2 | $143.1 | -18% |
| 2023 | $143.1 | $202.7 | +42% |
| 2024 | $202.7 | $180.2 | -11% |
| 2025 | $180.2 | $159.5 | -12% |
| 2026 YTD | $159.5 | $171.7 | +7.6% |
ODFL has finished lower in three of the last six years. It's up 7.6% so far in 2026.