NASDAQ$ODFL

Old Dominion Freight Line Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Old Dominion Freight Line reported Q3 2025 revenue from operations of $1.41B with net income of $271M and diluted EPS of $1.28.

Revenue from operations declined amid softer industrial volumes, while yield improvements partially offset tonnage weakness. Net income was $271 million; diluted EPS was $1.28. The company maintained industry-leading service metrics (99% on-time, 0.1% cargo claims) and controlled discretionary costs as the operating ratio rose on deleveraging.

  • Q3 revenue from operations $1.41B.
  • Net income $271M; diluted EPS $1.28 (-10.5% YoY).
  • Yield up; tonnage pressured by macro softness.
  • 99% on-time service; 0.1% cargo claims ratio.
  • Operating ratio increased on lower density.

Headline financials

Total Revenue

$1.41B

Previous: $1.47B-4.3%
EPS (adj)

$1.28

Previous: $1.43-10.5%
LTL revenue per hundredweight

$33.88

Previous: $32.36+4.7%
LTL shipments

2.8M

Previous: 3.1M-7.9%
LTL tons

2.1M

Previous: 2.3M-9.0%
Average length of haul

909

Previous: 923-1.5%
LTL revenue per shipment

$494.17

Previous: $477.70+3.4%
LTL intercity miles

155.4M

Previous: 169.0M-8.1%
Operating ratio

74.3%

Previous: 72.7%+2.2%
LTL tonnage per day

32.2K

Previous: 35.4K-9.0%
LTL shipments per day

44.2K

Previous: 48.0K-7.9%
LTL weight per shipment (lbs.)

1.5K

Previous: 1.5K-1.2%
On-time service performance

99.0%

No prior period
Cargo claims ratio

0.1%

No prior period
Free Cash Flow

$271M

Previous: $309M-12.2%
Net Income

$271M

Previous: $309M-12.2%
Operating Income

$361M

Previous: $402M-10.2%
Gross Profit

$1.26B

Previous: $1.31B-3.9%
Cash & Equivalents

$46.6M

Previous: $74.2M-37.2%
Total Assets

$5.52B

Previous: $5.43B+1.7%

Revenue & EPS history

Old Dominion · Revenue · Quarterly

$1.41B

Q3 2025-4.3%vs Q3 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Old Dominion · $1.52B total across 2 segments · Q3 2023

  • LTL services revenue
    $1.5B-5.2%
  • Other services revenue
    $14M-32.4%

Forward guidance

Transportation operators cite volume, yield, and operating ratio as key swing factors.

Tailwinds

  • Service quality and pricing discipline.
  • Network capacity and labor productivity.
  • Industrial and trade volume trends.

Headwinds

  • Macro freight softness.
  • Fuel and labor inflation.
  • Competitive pricing pressure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.4%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.7%

Avg return

30 days after

67%

46 / 69 earnings

Positive

+13.0%

Q2 2012

Best reaction

-10.3%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%-13.3%+1.5%
Q4 2025+9.9%+3.3%+2.2%
Q3 2025+0.1%+1.0%-0.6%
Q2 2025+1.9%-2.8%+2.4%
Q1 2025+0.8%-2.0%+6.2%
Q4 2024+5.4%+9.9%-2.2%
Q3 2024-3.9%+0.7%+10.4%
Q2 2024+6.1%+3.9%+5.1%
Q1 2024-10.3%-16.0%-21.1%
Q4 2023-0.9%+4.7%+12.2%
Q3 2023-4.2%-1.8%+4.8%
Q2 2023+4.2%+6.1%+3.5%
Q1 2023-7.7%-6.4%-6.9%
Q4 2022+11.5%+10.9%+6.5%
Q3 2022-3.5%+0.2%+7.3%
Q2 2022+7.3%+11.2%+4.6%
Q1 2022+7.4%+2.9%-2.9%
Q4 2021+7.0%-0.1%+4.0%
Q3 2021+2.8%+5.9%+8.1%
Q2 2021+3.4%+2.9%+11.8%
Q1 2021+4.5%+4.7%+6.6%
Q4 2020+5.9%+9.0%+11.2%
Q3 2020-5.9%-4.1%+2.3%
Q2 2020+0.3%+1.5%+9.9%
Q1 2020+10.4%+12.7%+23.8%
Q4 2019+6.6%+6.0%-4.1%
Q3 2019+2.0%+3.4%+3.6%
Q2 2019+0.5%+0.8%-3.1%
Q1 2019-3.2%-6.1%-12.9%
Q4 2018+2.0%+2.1%+2.7%
Q3 2018+0.7%+2.2%+4.5%
Q2 2018-2.8%-0.8%-0.9%
Q1 2018-5.5%-7.1%+8.7%
Q4 2017-8.4%-4.5%+3.9%
Q3 2017+11.5%+9.1%+10.8%
Q2 2017-2.4%-5.9%-5.0%
Q1 2017+1.6%+1.4%+2.2%
Q4 2016+1.6%+0.3%+4.1%
Q3 2016+2.1%+0.3%+20.9%
Q2 2016+2.8%+1.4%+2.1%
Q1 2016-8.4%
Q4 2015+7.5%
Q3 2015+2.0%
Q2 2015+3.7%
Q1 2015-1.6%
Q4 2014+4.0%
Q3 2014+2.5%
Q2 2014+1.4%
Q1 2014+5.0%
Q4 2013-0.1%
Q3 2013-1.1%
Q2 2013+4.3%
Q1 2013+2.7%
Q4 2012-4.3%
Q3 2012+4.3%
Q2 2012+13.0%
Q1 2012-7.4%
Q4 2011+3.5%
Q3 2011-0.6%
Q2 2011+2.2%
Q1 2010+1.9%
Q1 2011+0.8%
Q4 2010-1.9%
Q3 2009-2.8%
Q3 2010-2.8%
Q4 2008+1.4%
Q4 2009+1.4%
Q2 2010+1.4%
Q2 2009+1.4%

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