Old Dominion (ODFL) FY2025 10-K Annual Report
Old Dominion (ODFL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Old Dominion FY2025 10-K Analysis
Business Overview
- • LTL-focused carrier (>98% of revenue) operating 260 service centers across continental U.S., up net 16 centers over past five years
- • Tractor/trailer capex fell sharply to $173.8M in 2025 vs $322.6M in 2024, signaling deliberate fleet investment pullback amid softer demand
Management Discussion & Analysis
- • Revenue $5.50B, down $318.4M (-5.5%) YoY; volume decline (LTL tonnage per day -8.8%) partially offset by LTL revenue per hundredweight +3.9%
- • Operating margin 24.8% vs 26.6% in 2024; operating ratio deteriorated to 75.2% from 73.4%; net margin 18.6% vs 20.4%
Risk Factors
- • U.S. tariffs and retaliatory foreign tariffs already decreased demand for OD's LTL services, with further "trade wars" risking material revenue reduction
- • CARB Advanced Clean Trucks regulation mandates rising ZEV sales percentages, but no commercially viable ZEVs exist for LTL ops; enforcement uncertainty disrupts fleet planning
Old Dominion FY2025 Key Financial MetricsXBRL
Revenue
$5.5B
▼ -5.5% YoY
Net Income
$1.0B
▼ -13.7% YoY
Operating Margin
24.8%
▼ -179bp YoY
Net Margin
18.6%
▼ -177bp YoY
ROE
23.7%
▼ -420bp YoY
Total Assets
$5.5B
▼ -0.4% YoY
EPS (Diluted)
$4.84
▼ -11.7% YoY
Operating Cash Flow
$1.4B
▼ -17.4% YoY
Source: XBRL data from Old Dominion FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Old Dominion Annual Reports
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