Old Dominion Freight Line, Inc. (ODFL)
Valor JustoFundamental
70
Preço
$175.79
Capitalização de Mercado
$36.27B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
Vantagem competitiva
Vantagem de custo · EstreitaDecades 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.
O que impulsiona a procura
CíclicoLTL 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.
Principais riscos
- 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.
Concentração de clientes
Os principais clientes representam 16% da receita
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%.
Os argumentos a favor
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.
Os argumentos contra
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 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 de setembro de 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.
Balanço & Liquidez
Receita
$5.60B
Últimos 12 meses (até 30/06/2026)
Resultado Líquido
$1.09B
Últimos 12 meses (até 30/06/2026)
Fluxo de Caixa Livre
$955M
Capital Próprio Total
$4.31B
Passivo Total
$1.16B
Rácio de Liquidez
1.89
Cobertura de Juros
-
Dívida/EBITDA
0.01
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$150.97
Preço Atual
$175.79
Margem de Segurança
-16.4%
Intervalo de Valor Justo
$98.13 - $203.81
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
33.43
ROE
23.7%
Rácio P/B
7.93
P/FCF
32.34
Margem Bruta
-
ROIC
22.0%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
22.0%
WACC
10.8%
ROIC − WACC
+11.2 pp
O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.
Critérios de Análise Fundamental
Aprovado (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
Reprovado (7)
- P/FCF 32.34
- P/B Ratio 7.93
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 45% Buy
- PEG Ratio 2.99
Indisponível (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Sinais mistos: algumas áreas requerem atenção
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 | - |
Risco de Auditoria
5
Risco do Conselho
9
Risco de Remuneração
2
Risco dos Direitos dos Acionistas
9
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2026-02-24
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-08-05
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-09-22
via SEC EDGAR
Histórico de Resultados
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