Old Dominion (ODFL) stock
Industrials · Cargo Ground Transportation
Old Dominion (ODFL) is a Cargo Ground Transportation company in the Industrials sector, headquartered in Thomasville, North Carolina. As of October 23, 2026, ODFL closed at $182.70, a market capitalization of $38.00 billion, the 282nd largest company in the S&P 500. Over the last twelve months it generated $5.60 billion in revenue (+10% year over year) and $1.11 billion in free cash flow. The stock trades at 35.1x trailing earnings and 27.2x forward earnings.
- 1-year total return: +35.3% (dividends reinvested)
- 5-year return: +3.1% a year
- 52-week range: $126.01 – $252.03
- Gross margin 39.6%, operating margin 28.8%
- Dividend yield: 0.63%, 8 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 48th largest of 83 Industrials stocks in the S&P 500
ODFL price chart
1Y price change: +34.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ODFL | +2.8% | +17.0% | +35.3% | -1.4% | +3.1% | +23.4% | +18.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1991.
ODFL key statistics
- Market cap
- $38.0B
- #282 in S&P 500
- P/E (TTM)
- 35.1x
- Forward P/E
- 27.2x
- EPS (TTM)
- $5.20
- Revenue (TTM)
- $5.6B
- +10%
- Free cash flow
- $1.1B
- Gross margin
- 39.6%
- Operating margin
- 28.8%
- Return on equity
- 24.8%
- Dividend yield
- 0.63%
- 52-week range
- $126.01 – $252.03
- Beta
- 1.20
- Price / sales
- 6.8x
- EV / EBITDA
- 21.0x
- Debt / equity
- 0.00x
- Employees
- 20,173
ODFL report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth10.4%B
- Gross margin39.6%C
- Operating margin28.8%B
- FCF margin19.9%B
- Return on equity24.8%B
- Net debt / EBITDA-0.1xA
- Forward P/E27.2xC
- PEG ratio2.2xD
- Shareholder yield2.6%C
- Share count change / yr-2.2%A
Old Dominion Freight Line financials
Revenue went from $3.0B in fiscal 2016 to $5.5B in fiscal 2025, growing 7.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.4B | $4.0B | $4.1B | $4.0B | $5.3B | $6.3B | $5.9B | $5.8B | $5.5B |
| Operating income | $483.8M | $575.9M | $817.1M | $818.7M | $906.9M | $1.4B | $1.8B | $1.6B | $1.5B | $1.4B |
| Net income | $295.8M | $463.8M | $605.7M | $615.5M | $672.7M | $1.0B | $1.4B | $1.2B | $1.2B | $1.0B |
| EPS (diluted) | $1.19 | $1.88 | $2.46 | $2.55 | $2.84 | $4.45 | $6.09 | $5.63 | $5.48 | $4.84 |
| Free cash flow | $147.6M | $154.2M | $311.8M | $504.6M | $707.9M | $662.5M | $916.4M | $811.8M | $888.0M | $955.1M |
| Buybacks | $130.3M | $8.0M | $163.3M | $241.0M | $364.1M | $536.5M | $1.3B | $453.6M | $967.3M | $730.3M |
| Dividends paid | — | $32.9M | $42.6M | $54.6M | $71.0M | $92.4M | $134.5M | $175.1M | $223.6M | $235.6M |
| Diluted shares | 249.5M | 247.2M | 246.1M | 241.2M | 237.0M | 232.8M | 226.2M | 220.2M | 216.5M | 211.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ODFL?
A reverse DCF asks what growth the current price requires. With an enterprise value of $37.7B and $1.1B of trailing free cash flow, Old Dominion Freight Line needs to grow free cash flow about 24.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 6.2% a year over the last five years.
P/E ratio history
Current 37.7x vs. median 31.6x (10th–90th percentile 24.2x–44.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ODFL dividend
- Dividend yield
- 0.63%
- Annual dividend
- $1.16
- Years of increases
- 8
- 5-yr dividend growth
- 30.0%
- per year
- Payout ratio
- 22%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
ODFL analyst price targets
21 analysts' average 12-month target is $221.14 (+21% vs. $182.70). Targets range from $156.00 to $250.00. 38% rate it a buy.
ODFL earnings
Next report: October 28, 2026. Old Dominion Freight Line has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $1.6B (+10% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $1.53 | $1.68 | +9.7% |
| Apr 29, 2026 | $1.05 | $1.14 | +8.5% |
| Feb 4, 2026 | $1.06 | $1.09 | +2.8% |
| Oct 29, 2025 | $1.22 | $1.28 | +5.2% |
| Jul 30, 2025 | $1.29 | $1.27 | -1.2% |
| Apr 23, 2025 | $1.14 | $1.19 | +4.0% |
| Feb 5, 2025 | $1.16 | $1.23 | +5.9% |
| Oct 23, 2024 | $1.42 | $1.43 | +0.8% |
Stocks like ODFL
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 JBHT J.B. Hunt Transport Services, I | -1.98% | +37% | $21.2B | 31.9x | Compare |
 FDXF FedEx Freight Holding Company | -0.87% | — | $16.5B | 25.1x | Compare |
 CAT Caterpillar | -2.42% | +33% | $315.8B | 29.6x | Compare |
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 RTX RTX | -1.90% | +8% | $257.8B | 31.1x | Compare |
 GEV GE Vernova | -1.50% | +37% | $217.1B | 23.4x | Compare |
 DE Deere & | +0.39% | +39% | $174.2B | 35.9x | Compare |
 UNP Union Pacific | -1.75% | +36% | $174.0B | 22.8x | Compare |
ODFL news
- Old Dominion Freight Line (ODFL) Stock Looks Rich Against Cash Flow · Oct 22, 2026
- Old Dominion Freight Line Earnings Preview: What to Expect · Oct 22, 2026
- Old Dominion Freight Line Announces $0.29 Per Share Quarterly Cash Dividend · Oct 22, 2026
- Old Dominion Freight Line (ODFL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 21, 2026
- Old Dominion Gears Up for Q3 Earnings: What's in Store for the Stock? · Oct 21, 2026
ODFL stock FAQ
What is ODFL's market cap?
Old Dominion's market capitalization is $38.00 billion as of October 23, 2026, ranking 282nd in the S&P 500.
What is ODFL's P/E ratio?
ODFL trades at a trailing price-to-earnings ratio of 35.1x and a forward P/E of 27.2x. Its median P/E over the period we track is 31.6x.
Does ODFL pay a dividend?
Yes. Old Dominion pays $1.16 per share a year, a 0.63% yield. It has raised its dividend 8 years in a row. Dividends grew 30.0% a year over the last five years.
How much has ODFL stock returned?
Including reinvested dividends, ODFL returned +35.3% over one year, +3.1% a year over five years, +23.4% a year over ten years through October 23, 2026.
Is ODFL stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Old Dominion must grow free cash flow about 24% a year for the next decade. Its free cash flow grew 6% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the ODFL price target?
21 analysts cover ODFL with an average 12-month price target of $221.14, +21% from the current price. 38% of them rate it a buy.
When does ODFL report earnings?
Old Dominion is expected to report earnings on October 28, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does Old Dominion have?
Old Dominion has about 20,173 full-time employees, or $277,723 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology