Old Dominion Freight Line, Inc.
Financial Performance
Old Dominion Revenue & Financials
Revenue
$5.5B (FY2025)
Market Cap
$36.5B
Net Income
$1B
Employees
20,591
What is Old Dominion's revenue?
Old Dominion had $5.5B in revenue for fiscal year 2025, down 5.5% from 2024. Net income was $1B.
- Latest revenue
- $5.5B (FY2025)
- Year-over-year
- -5.5%
- Growth rate (CAGR)
- 7% over 9 years
- Peak revenue
- $6.3B (FY2022)
- Years of data
- 10
- Employees
- 20,591
- What is Old Dominion's operating income?
- Old Dominion reported operating income of $1.4B for fiscal year 2025. sec.gov
- How much profit does Old Dominion make?
- Old Dominion reported net income of $1B for fiscal year 2025. sec.gov
- How many employees does Old Dominion have?
- Old Dominion has about 20,591 employees.
Financial Analysis
Old Dominion's revenue peaked at $6.26 billion in 2022 during the post-pandemic freight boom, then declined to $5.87 billion in 2023, $5.81 billion in 2024 and $5.50 billion in 2025 as industrial shipments softened. Net income followed, falling from $1.38 billion in 2022 to $1.02 billion in 2025, yet margins stayed far above most LTL peers. In 2025 the company spent $415.0 million on capital expenditures, repurchased $730.3 million of stock and paid $235.6 million in dividends. In the first half of 2026 revenue rose 3.8% to $2.89 billion and net income rose 12.5% to $588.9 million; Q2 alone delivered a 70.1% operating ratio versus 74.6% a year earlier. Management lifted its 2026 capital budget to about $380 million, and the balance sheet carried $283.9 million of cash against roughly $20 million of debt at June 30, 2026. Old Dominion Freight Line, Inc. is a colossal American less-than-truckload (LTL) shipping company, commanding a monumental market valuation typically over $45 billion.
Revenue Trend Analysis
YoY Change
-5.5%
9-Year CAGR
+7%
Peak Year
2022
Trend
Mostly Growing
Old Dominion Freight Line, Inc. has 10 full fiscal year figures on this page, compounding at +7% annually over 9 years. The most recent year saw a 5.5% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $6.3B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
Click any row to see year details.
Old Dominion Freight Line, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.4B | $5.5B | $1.2B | $4.3B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.7B | $5.5B | $1.2B | $4.2B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.6B | $5.5B | $1.3B | $4.3B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.7B | $4.8B | $1.2B | $3.7B | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.2B | $4.8B | $1.1B | $3.7B | Form 10-K |
| FY2020ended Dec 31, 2020 | $933M | $4.4B | $1B | $3.3B | Form 10-K |
| FY2019ended Dec 31, 2019 | $983.9M | $4B | $914.9M | $3.1B | Form 10-K |
| FY2018ended Dec 31, 2018 | $900.1M | $3.5B | $864.8M | $2.7B | Form 10-K |
| FY2017ended Dec 31, 2017 | $536.3M | $3.1B | $791.6M | $2.3B | Form 10-K |
| FY2016ended Dec 31, 2016 | $565.6M | $2.7B | $845.1M | $1.9B | Form 10-K |
Keep researching Old Dominion
Old Dominion Revenue and Financial FAQ
What was Old Dominion's revenue in 2025?
Revenue was $5.496 billion in fiscal 2025, down 5.5% from $5.815 billion in 2024; net income was $1.024 billion.
What were Old Dominion's Q2 2026 results?
Revenue rose 10.4% to $1.554 billion, operating income rose 30.0% to $465.3 million and diluted EPS rose 32.3% to $1.68, with a 70.1% operating ratio.
How much does Old Dominion return to shareholders?
In 2025 it repurchased $730.3 million of stock and paid $235.6 million in dividends. In February 2026 it raised the quarterly dividend to $0.29 per share.
How much is Old Dominion spending on capex in 2026?
About $380 million: $180 million for real estate and service centers, $155 million for tractors and trailers and $45 million for technology and other assets.
What is Old Dominion's market cap?
About $36-37 billion in late September 2026, based on a share price near $176 and roughly 208 million diluted shares.
How much debt does Old Dominion have?
At June 30, 2026 it held $283.9 million of cash against about $20 million of debt.
Why is Old Dominion's balance sheet considered a fortress in the cyclical freight industry?
Unlike highly leveraged transportation companies, Old Dominion carries virtually zero net debt, holds hundreds of millions in liquid cash, and owns the vast majority of its 255+ service centers, ensuring it can withstand severe multi-year freight recessions without financial distress.
What is Old Dominion's capital return policy for shareholders?
Old Dominion has raised its dividend for consecutive years at a compound annual rate exceeding 30%, while returning billions to shareholders through opportunistic share repurchases, reducing total share count substantially over the past decade.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Old Dominion Revenue & Financials." CorpDigest, https://corpdigest.com/company/old-dominion/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Old Dominion reported $5.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/old-dominion/financials" target="_blank" rel="noopener">CorpDigest — Old Dominion financials</a></div>Related Financial Audits
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