| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 23 | 34.6x | 17.8x | Bottom tier | |
Growth | 34 | -0.6% | 7.1% | Bottom tier | |
Quality | 77 | 23.7% | 4.5% | Top tier | |
Safety | 96 | — | 2.6x | Top tier | |
Capital Return | 53 | 0.62% | 2.12% | Around median | |
Momentum | 48 | 40.7% | 2.9% | Around median | |
Sentiment | 75 | 16 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Old Dominion Freight Line operates in less-than-truckload LTL transportation, generating revenue from transporting customer shipments and pricing each account according to its cost and profitability. Its pricing power is anchored in service quality; in Q2 fiscal 2026, it achieved an on-time delivery rate of 99% and a cargo claims ratio of 0.1%, while making approximately 1,000 route adjustments to improve transit times. About one-third of revenue comes from business managed by third-party logistics providers 3PL, while the remainder includes direct relationships, national accounts, and smaller customers.
In Q2 fiscal 2026, revenue increased 10.4% to $1.55 billion, reported gross profit reached $544.6 million, net income was $350.6 million, and diluted earnings per share rose 32.3% to $1.68. The operating ratio improved by 450 basis points to 70.1%, equivalent to an implied operating margin of 29.9%, although the result included $17.2 million in net gains from the sale of property and equipment. LTL revenue per hundredweight increased 15.2%, or 5.5% excluding fuel surcharges, while daily tonnage declined 4.1%.
On a trailing twelve-month basis in 2026, the company recorded revenue of $5.6 billion, gross profit of $1.8 billion, net income of $1.1 billion, and earnings per share of $5.19. These figures compare with revenue of $5.5 billion, net income of $1.0 billion, and earnings per share of $4.84 in fiscal 2025, reflecting improved profitability as revenue growth returned in Q2 fiscal 2026.
The analyst consensus on ODFL stock is Neutral, with an average price target of $237.54 and a relatively wide range of $220 to $263. The average target is near the upper end of the 52-week range of $126.01–$252.03, while the highest target exceeds that level; however, the absence of an available price-to-earnings multiple and management's outlook for slowing yield growth and a higher operating ratio in Q3 fiscal 2026 require balancing analyst targets against margin and volume risks.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Revenue increased 10.4% to $1.55 billion, while the operating ratio improved by 450 basis points to 70.1%. LTL revenue per hundredweight increased 15.2%, or 5.5% excluding fuel surcharges, offsetting a 4.1% decline in daily tonnage. As a result, net income reached $350.6 million and diluted earnings per share increased 32.3% to $1.68, with results also benefiting from $17.2 million in net gains from the sale of property and equipment.
On the July 29, 2026 call, management said that continued daily revenue growth of between 7.5% and 8.0% would indicate quarterly revenue of approximately $1.52 billion. If momentum continues and revenue growth reaches 10%, revenue could reach approximately $1.54–$1.55 billion. It also expected growth of between 4.0% and 4.5% in LTL revenue per hundredweight excluding fuel, compared with 5.5% in Q2 fiscal 2026.
Management stated on July 29, 2026 that its service centers had excess capacity of more than 35%, with sufficient availability of tractors, trailers, and drivers. The company absorbed a sequential increase of 4.0% in tonnage during Q2 fiscal 2026 with a nearly unchanged workforce. It also increased its fiscal 2026 capital expenditure plan to $380 million, including an additional $60 million for equipment and $55 million for real estate and service center expansion projects.
Automated analysis for informational purposes only — not investment advice.
In Q2 fiscal 2026, the company achieved an on-time delivery rate of 99% and a cargo claims ratio of 0.1%. It implemented approximately 1,000 route adjustments during 2026 to improve transit times, while operating linehaul services between service centers almost entirely in-house. Management says its available capacity allowed some shipments to shift to the company when competitors faced temporary pickup difficulties, without the company experiencing similar constraints in equipment, labor, or real estate.
Daily tonnage declined 4.1% in Q2 fiscal 2026 despite revenue growth, meaning the improvement depended significantly on pricing and mix. Management expects the operating ratio to increase by approximately 150 to 200 basis points in Q3 fiscal 2026 after normalizing gains from the sale of property and equipment, alongside a slowdown in fuel-excluded yield growth to 4.0%–4.5%. Higher diesel costs and the dependence of approximately one-third of revenue on 3PL business also add sensitivity to operating costs and changes in broker economics.
Cash flow from operations reached $646.3 million during the first half of 2026, compared with capital expenditures of $140 million. During the same period, the company used $240 million for share repurchases and paid cash dividends of $121 million. On July 29, 2026, it increased its fiscal 2026 capital expenditure plan to approximately $380 million to capitalize on strategic purchasing opportunities in equipment, real estate, and service centers.
