Q4 25 EPS
$1.09
MISS 0.91%
Est. $1.10
Q4 25 Revenue
$1.31B
BEAT +0.40%
Est. $1.30B
vs S&P Since Q4 25
+11.8%
BEATING MARKET
ODFL +20.8% vs S&P +9.1%
Full Year 2025 Results
FY 25 EPS
$4.84
BEAT +0.66%
Est. $4.81
FY 25 Revenue
$5.50B
BEAT +0.09%
Est. $5.49B
Market Reaction
Did ODFL Beat Earnings? Q4 2025 Results
Old Dominion Freight Line closed out Q4 2025 with a mixed set of results, narrowly missing on the bottom line while edging past revenue expectations against a stubbornly weak freight backdrop. The less-than-truckload carrier posted diluted EPS of $1.… Read more Old Dominion Freight Line closed out Q4 2025 with a mixed set of results, narrowly missing on the bottom line while edging past revenue expectations against a stubbornly weak freight backdrop. The less-than-truckload carrier posted diluted EPS of $1.09, falling just short of the $1.10 consensus estimate, while revenue of $1.31 billion came in 0.40% ahead of forecasts, though it still represented a 5.7% year-over-year decline. The primary culprit was a 10.7% drop in LTL tons per day, which pressured the operating ratio 80 basis points higher to 76.7%, with salaries and benefits rising to 49.1% of revenue as volume declines made fixed costs harder to absorb. Saia's concurrent earnings struggles underscored that the soft freight environment is an industry-wide headwind, not an Old Dominion-specific stumble. Looking ahead, the company guided 2026 capital expenditures to roughly $265 million, a sharply reduced investment level from prior years, reflecting management's cautious posture until demand conditions meaningfully improve.
Key Takeaways
- • LTL revenue per hundredweight excluding fuel surcharges increased 4.9% year-over-year
- • LTL tons per day decreased 10.7% due to 9.7% decline in shipments per day and 1.0% decline in weight per shipment
- • Operating ratio increased 80 basis points to 76.7% due to deleveraging of overhead costs
- • Disciplined cost-based approach to pricing offset cost inflation
- • 99% on-time service and 0.1% cargo claims ratio maintained
- • Average active full-time employees decreased 6.0% year-over-year
ODFL YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ODFL Revenue by Segment
With YoY comparisons, source: SEC Filings
“Old Dominion's fourth quarter financial results reflect our ongoing commitment to revenue quality and cost discipline in what remains a challenging operating environment. Although our revenue and earnings per diluted share both decreased in the fourth quarter, our team continued to focus on executing the fundamental elements of our long-term strategic plan. The cornerstone of our plan remains our commitment to providing our customers with superior service at a fair price. As a result of the dedication of our OD Family of employees, we were pleased to once again provide our customers with 99% on-time service and a cargo claims ratio of 0.1%.”
— Marty Freeman, Q4 2025 Earnings Press Release
ODFL Earnings Trends
ODFL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ODFL EPS Trend
Earnings per share: estimate vs actual
ODFL Revenue Trend
Quarterly revenue: estimate vs actual
ODFL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.14 | — | $1.33B | -6.87% |
| Q4 25 MISS FY | $1.10 | $1.09 | -0.91% | $1.31B | +0.40% |
| FY Full Year | $4.81 | $4.84 | +0.66% | $5.50B | +0.09% |
| Q3 25 BEAT | $1.22 | $1.28 | +5.25% | $1.41B | +0.28% |
| Q2 25 MISS | $1.28 | $1.27 | -1.06% | $1.41B | -0.59% |
| Q1 25 BEAT | $1.14 | $1.19 | +4.14% | $1.37B | +0.49% |