Old Dominion Freight Line, Inc. (ODFL)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with quality. Old Dominion is a less-than-truckload carrier with 10,184 tractors and 20,173 employees. FairStock calculations at the 2026-10-13 close of $183.17 show ROE of 24.82%, ROCE of 15.78%, D/E of 0.00, an Altman Z-Score of 20.86, and a Piotroski F-Score of 8/9. That is a strong financial hand: high returns, no debt, and durable profitability. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, had revenue of $1.6B, net income of $350.6M, diluted EPS of $1.68, and a 22.56% margin. That compares well with fiscal Q2 2025 ended 2025-06-30: revenue $1.4B, net income $268.6M, EPS $1.27. But the full-year record is cyclical. FY2025 revenue was $5.5B, net income $1.0B, and diluted EPS $4.84, down from FY2024's $5.8B, $1.2B, and $5.48, and FY2023's $5.9B, $1.2B, and $5.63. FairStock lists revenue growth of -5.67% and profit growth of -12.80%, and classifies it as CYCLICAL — Trucking: earnings follow the economic cycle. Valuation is the rub. At that close, FairStock shows a P/E of 35.16, P/B of 8.36, EV/EBITDA of 20.72, FCF yield of 2.9%, and a Graham Number of $50.69, leaving a margin of safety of -261.35%. A wonderful business can be a poor investment at too high a price. I would wait for a wider gap between price and value, or evidence that freight demand has truly turned.

In plain English: Old Dominion is a trucking company that moves smaller loads of freight. It is solidly profitable and carries no debt, and its latest quarter looked better than the same quarter a year earlier, but full-year sales and profits have slipped. At the current price, investors are paying a lot for those profits, so the shares look expensive compared with the company's earnings and accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer