Old Dominion Freight Line (ODFL) Operating Margin (2009 - 2026)
Old Dominion Freight Line's (ODFL) quarterly Operating Margin came in at 29.94% in Q2 2026, up 452.0% on a YoY basis from 5.42% in Q2 2025, and up 25.93% quarter-over-quarter from 23.78% in Q1 2026.
Analysis
Old Dominion Freight Line (ODFL) Operating Margin (2009 - 2026) Analysis & Trends
Old Dominion Freight Line (ODFL) has reported Operating Margin for 18 consecutive years, with 29.94% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 452.0% year-over-year to 29.94%; the trailing twelve-month figure through Jun 2026 stood at 25.84% (up 45.0% YoY), and the FY2025 full-year result was 24.76%, down 179.0% from the prior year.
- Operating Margin grew to 29.94% in Q2 2026 per ODFL's latest filing, from 23.78% in the prior quarter.
- Across five years, Operating Margin topped out at 30.93% in Q3 2022 and bottomed at 23.27% in Q4 2025.
- Historically, Operating Margin has averaged 27.1% across 5 years, with a median of 27.21% in 2022.
- The sharpest annual moves came in 2024 and 2026: Operating Margin tumbled 405 bps in 2024, then soared 452 bps in 2026.
- Over 5 years, Operating Margin stood at 28.84% in 2022, then fell by 2 bps to 28.15% in 2023, then decreased by 14 bps to 24.1% in 2024, then declined by 3 bps to 23.27% in 2025, then climbed by 29 bps to 29.94% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 29.94%, 23.78%, and 23.27% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 37.50 Bn | 37.21 Bn | 1.52 Bn | 29.94% |
| 2 | Hunt J B Transport Services | 25.20 Bn | 25.20 Bn | - | 7.42% |
| 3 | Xpo | 21.35 Bn | 21.06 Bn | 1.89 Bn | 11.51% |
| 4 | FedEx Freight Holding Company | 18.54 Bn | 18.54 Bn | - | - |
| 5 | Knight-Swift Transportation Holdings | 11.22 Bn | 11.04 Bn | 1.77 Bn | 5.00% |
| 6 | TFI International | 10.92 Bn | 10.71 Bn | - | 9.62% |
| 7 | Saia | 9.27 Bn | 9.18 Bn | - | 13.09% |
| 8 | Schneider National | 5.95 Bn | 5.43 Bn | 1.00 Bn | 4.55% |
| 9 | Arcbest | 3.02 Bn | 2.85 Bn | 1.14 Bn | -1.74% |
| 10 | Werner Enterprises | 2.31 Bn | 2.26 Bn | - | 1.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.94% |
| Mar 31, 2026 | 23.78% |
| Dec 31, 2025 | 23.27% |
| Sep 30, 2025 | 25.66% |
| Jun 30, 2025 | 25.42% |
| Mar 31, 2025 | 24.59% |
| Dec 31, 2024 | 24.10% |
| Sep 30, 2024 | 27.33% |
| Jun 30, 2024 | 28.14% |
| Mar 31, 2024 | 26.47% |
| Dec 31, 2023 | 28.15% |
| Sep 30, 2023 | 29.37% |
| Jun 30, 2023 | 27.71% |
| Mar 31, 2023 | 26.56% |
| Dec 31, 2022 | 28.84% |
| Sep 30, 2022 | 30.93% |
| Jun 30, 2022 | 30.51% |
| Mar 31, 2022 | 27.09% |
| Dec 31, 2021 | 26.41% |
| Sep 30, 2021 | 27.39% |