Old Dominion Freight Line (ODFL) FY2024 results: revenue $5.8 billion, down 0.9% on the year
Old Dominion Freight Line, Inc. (ODFL) reported revenue of $5.8 billion for fiscal 2024, the year ended 31 December 2024, down 0.9% on the year before. Net income was $1.2 billion, down 4.3%, and diluted earnings per share $5.48. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$5.8 billion
-0.9% on the year
FY2017FY2024
Operating margin
26.6%
28.0% a year earlier
FY2017FY2024
Net income
$1.2 billion
-4.3% on the year
FY2017FY2024
Diluted EPS
$5.48
-2.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,659
1,569
1,692
+5.7%
Capital expenditure
771
757
775
+1.8%
Free cash flow
888
812
916
+9.4%
Free cash flow margin
15.3%
13.8%
14.6%
Cash from investing
-751
-660
-547
Cash from financing
-1,233
-662
-1,420
Depreciation and amortisation
345
324
276
+6.2%
Share-based compensation
11.3
11.1
15.9
+2.4%
Buybacks
967
454
1,277
+113.2%
Dividends paid
224
175
134
+27.7%
Dividend per share
$1.04
$0.80
$0.60
+30.0%
Diluted shares, weighted
216m
220m
226m
-1.7%
Shares outstanding at period end
213m
218m
220m
-2.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,245
4,258
3,653
-0.3%
Debt
60.0
80.0
100.0
-25.0%
Operating lease liabilities
92.6
105
80.8
-11.6%
Other liabilities
1,094
1,070
1,005
+2.3%
Total liabilities and equity
5,491
5,512
4,839
-0.4%
Fixed assets
4,505
4,095
3,687
+10.0%
Investments
0.0
0.0
49.4
Cash and equivalents
109
434
186
-74.9%
Receivables
502
579
579
-13.4%
Other assets
376
404
337
-7.1%
Total assets
5,491
5,512
4,839
-0.4%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.