Old Dominion Freight Line, Inc. (ODFL)
Fair bewertetFundamental
69
Kurs
$181.16
Marktkapitalisierung
$36.27B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Old Dominion Freight Line moves freight that is too small to fill a full truck — a few pallets or boxes rather than an entire trailer — picking up shipments from many customers, sorting them at regional service centers, and combining them onto trucks headed the same direction. It operates this less-than-truckload, or LTL, network itself across the United States with its own drivers, terminals and trucks rather than through franchisees or outside carriers, and adds services like expedited and guaranteed delivery.
Wie das Geld verdient wird
Revenue is charged per shipment, based mainly on weight and distance, so it rises and falls with how much freight moves through the economy rather than with any subscription or long-term contract base. Because the network's fixed costs — terminals, trucks and staff — barely change with volume, profitability depends heavily on keeping trucks and terminals full: a small change in shipment density can swing operating margins by a large amount in either direction.
Wettbewerbsvorteil
Kostenvorteil · SchmalDecades of investment in a dense, non-union terminal network let Old Dominion run at some of the lowest costs and highest on-time delivery rates in the LTL industry, a combination that is hard for a new or smaller carrier to match quickly. That efficiency shows up in an industry-leading operating ratio, but the LTL market remains competitive on price, so the edge is durable rather than unassailable.
Was die Nachfrage antreibt
ZyklischLTL shipment volumes track industrial production, retail restocking and manufacturing activity closely, so freight demand slows sharply when the broader economy weakens — 2025 revenue fell as shipment volumes declined during a soft freight market. Pricing tends to be more resilient than volume, since carriers are reluctant to cut rates even when demand softens.
Wichtigste Risiken
- Freight cycle and industrial activity — Shipment volumes fall when industrial production, retail restocking and manufacturing activity slow, as happened in 2025; revenue and profitability move directly with the broader freight cycle.
- Fixed cost operating leverage — Terminals, trucks and drivers are largely fixed costs regardless of volume, so a drop in shipments cannot easily be matched by cost cuts, and operating margins compress quickly in a downturn.
- Driver and labor availability — The business depends on recruiting and retaining enough qualified drivers and dock workers; a shortage or higher wage costs would raise expenses or limit how much freight the network can move.
- Fuel price volatility — Diesel is a major operating cost; while fuel surcharges pass much of the cost through to customers, sharp price swings can still create timing mismatches that pressure margins.
Kundenkonzentration
Die größten Kunden machen 16 % des Umsatzes aus
The customer base is highly diversified: the single largest customer represented about 4% of 2025 revenue, and the top 10 customers combined represented about 16%.
Die Argumente dafür
Buyers argue that Old Dominion's dense, non-union network gives it a durable cost and service advantage over LTL rivals, reflected in an industry-leading operating ratio, and that a highly diversified customer base with no meaningful concentration limits the damage any single account can do.
Die Argumente dagegen
Sellers fear that the business is fundamentally tied to the industrial and freight cycle, that 2025's volume decline shows how quickly a soft economy erodes results, and that heavy fixed costs in terminals and trucks turn even a modest downturn in shipments into a larger hit to margins.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19. September 2026 with claude-haiku-4-5 — shared with all users
A national LTL carrier expanding its terminal network across the United States, competing directly with Old Dominion for the same door-to-door freight on service quality and transit times.
Operates one of the largest North American LTL networks, chasing the same pallet-level freight and the same contract shippers as Old Dominion.
The largest less-than-truckload carrier in North America by revenue, it bids for the same national and inter-regional LTL shipments from industrial and retail shippers that Old Dominion serves.
The largest privately held US LTL carrier, with a nationwide terminal footprint that overlaps almost entirely with Old Dominion's on the same lanes.
Through ABF Freight it runs a national unionized LTL network selling the same regional and long-haul freight service to industrial customers.
Its TForce Freight unit is a top-ten US LTL carrier, competing for the same cross-border and domestic LTL volumes between the United States and Canada.
Bilanz & Liquidität
Umsatz
$5.60B
Letzte 12 Monate (bis 30.6.2026)
Nettogewinn
$1.09B
Letzte 12 Monate (bis 30.6.2026)
Freier Cashflow
$955M
Gesamtes Eigenkapital
$4.31B
Gesamtverbindlichkeiten
$1.16B
Current Ratio
1.89
Zinsdeckungsgrad
-
Schulden/EBITDA
0.01
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$152.16
Aktueller Kurs
$181.16
Sicherheitsmarge
-19.1%
Innerer-Wert-Spanne
$98.91 - $205.42
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
34.25
ROE
23.7%
P/B-Verhältnis
8.12
P/FCF
33.13
Bruttomarge
-
ROIC
22.0%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
22.0%
WACC
10.8%
ROIC − WACC
+11.2 pp
Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.
Fundamentalanalyse-Kriterien
Bestanden (18)
- EPS shows upward trend
- EPS CAGR 8.39%
- Price CAGR 20.05%
- ROIC 22.0%
- Debt/Equity ratio
- Operating Margin 25.8%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 24.9%
- Revenue Growth 5Y 6.5%
- Earnings Surprise avg 4.9%
- Earnings Quality (OCF/NI) 1.28
- Share Dilution -2.3%
- Net Margin Trend 19.4% vs 19.4%
- Piotroski F-Score 6/9
Nicht bestanden (7)
- P/FCF 33.13
- P/B Ratio 8.12
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 45% Buy
- PEG Ratio 2.99
Nicht verfügbar (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. David S. Congdon | Executive Chairman of the Board | 68 |
| Mr. Kevin M. Freeman | President, CEO & Director | 66 |
| Mr. Adam N. Satterfield CPA | Executive VP, Assistant Secretary & CFO | 50 |
| Mr. Gregory B. Plemmons | Executive VP & COO | 59 |
| Mr. Ross H. Parr | Senior VP of Legal Affairs, General Counsel & Secretary | 53 |
| Mr. Cecil E. Overbey Jr. | Senior Vice President of Strategic Development | 63 |
| Mr. Earl E. Congdon | Chairman Emeritus & Senior Advisor | 94 |
| Mr. Clayton G. Brinker | VP of Accounting & Finance and Principal Accounting Officer | 39 |
| Mr. Jack Lawrence Atkins | Director of Investor Relations | - |
| Sam Faucette | Vice President of Safety & Compliance | - |
Prüfungsrisiko
5
Vorstandsrisiko
9
Vergütungsrisiko
2
Aktionärsrechterisiko
9
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-02-24
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-08-05
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-09-22
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
Latest News
Recent headlines for ODFL, sourced from Markets Gazette.
- 3d agoNEUTRALNasdaq-100® Inside the Index: Old Dominion Freight Line (ODFL)
Nasdaq-100® Inside the Index features Old Dominion Freight Line (ODFL), a prominent less-than-truckload carrier. The company has demonstrated consistent revenue growth per hundredweight annually since fiscal year 2020. Furthermore, ODFL has strategically expanded its network capacity, positioning itself to accommodate future increases in freight volume. This analysis highlights ODFL's operational strength and potential for continued expansion within the freight industry, making it a notable component of the Nasdaq-100® index.
- 6/20/2026NEGATIVEHere's Why Old Dominion Freight Line Stock Slumped This Week
Old Dominion Freight Line (ODFL) stock experienced a significant downturn this week, despite a general recovery observed in the broader freight market. The market's anticipation of this recovery appears to have already been factored into sector stock valuations, leaving little room for further upside. Investors are likely reassessing the stock's premium in light of this 'priced-in' recovery, leading to the price slump. This suggests that while the industry fundamentals are improving, ODFL may have been overvalued based on future expectations.
via Markets Gazette