OLD DOMINION FREIGHT LINE, INC.

Listed Company

ODFLCIK 0000878927NasdaqLarge AcceleratedTrucking (No Local)VirginiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$1.02B

Total Assets

$5.47B

Equity

$4.31B

Shares Out

208.43M

Op. Cash Flow

$1.37B

Business

Old Dominion Freight Line, Inc. is a leading North American less‑than‑truckload (LTL) motor carrier providing integrated regional, inter‑regional and national LTL transportation services. It offers LTL freight transportation including expedited services and complementary value‑added offerings such as container drayage, truckload brokerage and supply chain consulting. Its operations are organized around an integrated network of service centers, linehaul and pickup‑and‑delivery (P&D) operations, fleet maintenance centers and centralized customer service and technology systems. The company serves customers primarily across the continental United States and, via strategic alliances, throughout North America using physical service centers and digital channels.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue from operations	5,496	5,815	5,866	6,260	5,256
Salaries, wages and benefits	2,635	2,689	2,630	2,717	2,468
Operating supplies and expenses	571	635	718	853	568
General supplies and expenses	169	177	162	160	136
Operating taxes and licenses	139	145	146	141	133
Insurance and claims	74	92	75	58	54
Communications and utilities	39	41	43	41	34
Depreciation and amortization	365	345	324	276	260
Purchased transportation	110	123	122	158	186
Miscellaneous expenses, net	33	24	5	15	26
Total operating expenses	4,135	4,271	4,225	4,419	3,865
Operating income	1,361	1,544	1,641	1,841	1,392
Interest expense	296,000	212,000	464,000	2	2
Interest income	−4	−17	−13	−5	−786,000
Other expense, net	4	3	5	3	2
Total non-operating income	−263,000	−14	−7	−717,000	3
Income before income taxes	1,361	1,558	1,648	1,841	1,388
Provision for income taxes	338	372	408	464	354
Net income	1,024	1,186	1,240	1,377	1,034
Basic (per share)	4.86	5.51	5.66	6.13	8.94
Diluted (per share)	4.84	5.48	5.63	6.09	8.89
Basic (shares)	211	215	219	225	116
Diluted (shares)	212	216	220	226	116
Dividends declared per share	1.12	1.04	0.8	0.6	0.8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	120	109	434	186	463
Customer receivables, less allowances of $7,924 and $9,272, respectively	472	502	579	579	567
Income taxes receivable	—	5	19	13	19
Other receivables	22	21	18	14	12
Prepaid expenses and other current assets	80	84	94	93	68
Total current assets	695	721	1,143	934	1,384
Revenue equipment	2,678	2,753	2,591	2,502	2,146
Land and structures	3,523	3,364	3,021	2,750	2,464
Other fixed assets	664	700	623	550	512
Leasehold improvements	16	15	14	14	13
Total property and equipment	6,881	6,831	6,250	5,816	5,136
Less: Accumulated depreciation	−2,377	−2,326	−2,154	−2,129	−1,920
Net property and equipment	4,504	4,505	4,095	3,687	3,216
Other assets	271	265	274	218	222
Total assets	5,470	5,491	5,512	4,839	4,822
Accounts payable	63	92	113	106	83
Compensation and benefits	239	285	279	288	258
Claims and insurance accruals	79	73	63	—	—
Other accrued liabilities	70	70	70	52	62
Income taxes payable	13	—	—	—	—
Current maturities of long-term debt	20	20	20	20	—
Total current liabilities	484	541	545	530	464
Long-term debt	20	40	60	80	100
Other non-current liabilities	285	284	287	265	329
Deferred income taxes	371	382	363	311	249
Total long-term liabilities	675	706	710	656	678
Total liabilities	1,159	1,247	1,255	1,186	1,142
Commitments and contingent liabilities	—	—	—	—	—
Common stock - $0.10 par value, 560,000,000 shares authorized, 208,556,788 and 212,984,747 shares outstanding at December 31, 2025 and December 31, 2024, respectively	21	21	22	11	12
Capital in excess of par value	235	228	231	245	174
Retained earnings	4,056	3,995	4,005	3,397	3,494
Total shareholders equity	4,311	4,245	4,258	3,653	3,680
Total liabilities and shareholders equity	5,470	5,491	5,512	4,839	4,822

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	365	345	324	276	260
Noncash lease expense	18	17	19	17	15
Loss (gain) on disposal of property and equipment	3	−3	−23	−3	−563,000
Deferred income taxes	−11	19	53	62	30
Share-based compensation	13	11	11	16	15
Customer and other receivables, net	28	74	−4	−13	−126
Prepaid expenses and other assets	−9	6	−38	−25	−38
Accounts payable	−29	−21	6	24	14
Compensation, benefits and other accrued liabilities	−45	9	−1	−11	32
Claims and insurance accruals	5	10	−2	5	11
Income taxes, net	17	15	−6	6	−28
Other liabilities	−7	−8	−10	−40	−7
Net cash provided by operating activities	1,370	1,659	1,569	1,692	1,213
Purchase of property and equipment	−415	−771	−757	−775	−550
Proceeds from sale of property and equipment	49	20	49	22	20
Purchase of short-term investments	—	−30	—	−164	−359
Proceeds from maturities of short-term investments	—	30	49	369	435
Other investing	100,000	—	—	—	−500,000
Net cash used in investing activities	−366	−751	−660	−547	−455
Payments for share repurchases	−730	−967	−454	−1,277	−536
Dividends paid	−236	−224	−175	−134	−92
Principal payments under long-term debt agreements	−20	−20	−20	—	—
Other financing activities, net	−6	−22	−13	−9	−5
Net cash used in financing activities	−992	−1,233	−662	−1,420	−696
Increase (decrease) in cash and cash equivalents	11	−325	247	−276	61
Interest paid	4	3	3	4	4
Capitalized interest	4	3	3	3	3

Filings

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