Industrials · Cargo Ground Transportation · US stock · price as of 16 Oct 2026
Key indicators
Price
$187.72
52-week range
$125.23 – $251.64
Market cap
$39.2B
P/E (trailing)
36.2×
EV / EBITDA
21.4×
Free-cash-flow yield
2.8%
Dividend yield
0.6%
Revenue (last 12 months)
$5.6B
Revenue growth (3y a year)
−4.2%
Operating margin
25.8%
Return on invested capital
25.4%
Net debt / EBITDA
-0.1×
Fair value
Blended fair value$143.72 range $136 – $153
Versus priceOvervalued−23% to fair value
Peer multiples
$145.63
Fundamentals-adjusted multiple
$130.68
10-year DCF (market-scaled)
$154.84
Earnings power value (floor, not blended)
$63.43
Model uncertainty
Medium
X-Ray Score
48/ 100 · High confidence · ahead of 35% of sector peers
Valuation25
Growth12
Profitability72
Financial health74
Dividends64
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Old Dominion Freight Line is a trucking company specialising in less-than-truckload freight, where shipments from many customers are combined on trucks. It moves palletised goods through a network of service centres, linehaul tractors and trailers across the United States. Its customers are manufacturers, distributors and retailers shipping goods in loads too small to fill a trailer, and the company operates one integrated network instead of separate regional carriers.
Revenue comes from freight charges based on weight, distance and service level. Sales were $5.6 billion over the last twelve months, but growth was -4.2% a year over the last three years. The operating margin is 25.8%, and the business earns a profit of 25% on the capital invested in it. Net debt is -0.1 times EBITDA, meaning it holds more cash than debt. A dividend is paid, with a yield of 0.6%.
StocksXray gives Old Dominion Freight Line, Inc. an X-Ray Score of 48 out of 100 (high confidence), ahead of 35% of the S&P 500 stocks in its sector. Its strongest lens is financial health (74) and its weakest is growth (12).
Our fair value blend is $143.72 (range $136.21 to $153.31). At $187.72 the stock trades 31% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Old Dominion Freight Line, Inc. (ODFL)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$174.73
$138.95
$199.33
$174.40
$156.14
$187.72
Market cap
$20.3B
$31.4B
$43.9B
$37.8B
$33.0B
$39.2B
P/E
19.7×
22.8×
35.4×
31.8×
32.3×
36.2×
EV / revenue
3.8×
5.0×
7.4×
6.5×
6.0×
6.9×
EV / EBITDA
11.9×
14.8×
22.2×
20.0×
19.1×
21.4×
Price / free cash flow
30.7×
34.3×
54.1×
42.5×
34.6×
35.1×
Free-cash-flow yield
3.3%
2.9%
1.8%
2.4%
2.9%
2.8%
Price / book
5.5×
8.6×
10.3×
8.9×
7.7×
8.6×
Dividend yield
0.46%
0.43%
0.40%
0.60%
0.72%
0.61%
Fundamentals checklist ● 7 Good · ● 1 Average · ● 7 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.3%Good
Free-cash-flow yield2.8%Bad
Risk models
Altman Z score8.7×Good
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−7.4%Bad
Free-cash-flow growth (3y)1.4%Bad
Revenue growth (3y)−4.2%Bad
Growth consistency30%Bad
Balance sheet
Current ratio1.9×Good
Net debt / EBITDA-0.1×Good
Interest coverno interest costGood
Valuation
Fair value vs price0.8×Bad
EBIT / EV yield3.7%Bad
Profitability
Return on invested capital25.4%Good
Operating margin25.8%Good
XStocksXray
Old Dominion Freight Line, Inc. (ODFL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
5,256
6,260
5,866
5,815
5,496
5,603
Gross profit
–
–
–
–
–
–
Operating income
1,392
1,841
1,641
1,544
1,361
1,448
Net income
1,034
1,377
1,240
1,186
1,024
1,089
Diluted EPS ($)
8.89
6.09
5.63
5.48
4.84
5.18
Free cash flow
663
916
812
888
955
1,115
Gross margin
–
–
–
–
–
–
Operating margin
26.5%
29.4%
28.0%
26.6%
24.8%
25.8%
Net margin
19.7%
22.0%
21.1%
20.4%
18.6%
19.4%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
4,822
4,839
5,512
5,491
5,470
5,736
Cash
463
186
434
109
120
284
Total debt
100
100
80
60
40
20
Equity
3,680
3,653
4,258
4,245
4,311
4,547
Dividend per share ($)
0.80
0.60
0.80
1.04
1.12
1.14
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.