Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has reported its financial results for the three-month and twelve-month periods ended December 31, 2025. Here are the key financial metrics comparing the fourth quarter of 2025 with the fourth quarter of 2024:
- Total revenue decreased by 5.7% to $1,307,296, down from $1,385,829 in the same period the previous year.
- LTL (Less-Than-Truckload) services revenue also decreased by 5.6% to $1,295,862, from $1,372,297 in the fourth quarter of 2024.
- Operating income saw a decline of 8.9%, dropping to $304,251 from $334,020 in the same period the previous year.
- Net income decreased by 12.8% to $229,470, down from $263,144 in the fourth quarter of 2024.
- Diluted earnings per share fell by 11.4% to $1.09, compared to $1.23 in the same period the previous year.
Additionally, comparing the twelve-month periods ended December 31, 2025, with the same period in 2024, the following changes were observed:
- Total revenue decreased by 5.5% to $5,496,389, down from $5,814,810 in 2024.
- LTL services revenue also decreased by 5.5% to $5,446,151, from $5,761,105 in the same period the previous year.
- Operating income saw a decline of 11.8%, dropping to $1,361,045 from $1,543,998 in 2024.
- Net income decreased by 13.7% to $1,023,703, down from $1,186,073 in 2024.
- Diluted earnings per share fell by 11.7% to $4.84, compared to $5.48 in 2024.
The company's operating ratio for the fourth quarter increased to 76.7% from 75.9% in the same period the previous year. Old Dominion's president and chief executive officer, Marty Freeman, attributed the decrease in revenue to a 10.7% decrease in LTL tons per day, partially offset by an increase in LTL revenue per hundredweight.
Old Dominion's net cash provided by operating activities was $310.2 million for the fourth quarter of 2025 and $1.4 billion for the year. The company had $120.1 million in cash and cash equivalents at December 31, 2025. Capital expenditures were $45.7 million for the fourth quarter of 2025 and $415.0 million for the year. The company expects its aggregate capital expenditures for 2026 to total approximately $265 million.
The company's board of directors has declared a first-quarter cash dividend of $0.29 per share, representing a 3.6% increase compared to the quarterly cash dividend paid in the first quarter of 2025.
The market has reacted to these announcements by moving the company's shares -1.44% to a price of $175.65. If you want to know more, read the company's complete 8-K report here.
