Old Dominion Freight Line
Old Dominion Freight Line returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 25.11% | 28.25% | — | 24.82% | 19.3% | 17.4 pp |
| FY 2026 Q1 | Mar 31, 2026 | 24.13% | 26.81% | — | 23.33% | 18.07% | 16.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 24.29% | 27.39% | -434.12% | 23.93% | 18.68% | 16.6 pp |
| FY 2025 Q3 | Sep 30, 2025 | 24.98% | 28.28% | -125.75% | 25.06% | 19.33% | 17.3 pp |
| FY 2025 Q2 | Jun 30, 2025 | 25.8% | 29.12% | -61.1% | 26.25% | 20.1% | 18.1 pp |
| FY 2025 Q1 | Mar 31, 2025 | 28.21% | 29.81% | -31.89% | 26.59% | 20.61% | 20.5 pp |
| FY 2024 Q4 | Dec 31, 2024 | 29.03% | 31.13% | -20.02% | 27.9% | 21.56% | 21.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 30.45% | 33.91% | -1.83% | 30.24% | 23.23% | 22.8 pp |
| FY 2024 Q2 | Jun 30, 2024 | 31.77% | 36.13% | -5.25% | 32.14% | 24.73% | 24.1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 32.82% | 34.65% | -47.09% | 30.6% | 23.51% | 25.1 pp |
| FY 2023 Q4 | Dec 31, 2023 | 33.04% | 35.37% | -42.22% | 31.34% | 23.95% | 25.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 33.54% | 37% | -19.42% | 32.56% | 24.54% | 25.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 34.89% | 39.37% | 8.41% | 34.62% | 26.17% | 27.2 pp |
| FY 2023 Q1 | Mar 31, 2023 | 38.99% | 42.62% | 75.04% | 37.59% | 28.15% | 31.3 pp |
| FY 2022 Q4 | Dec 31, 2022 | 40% | 42.48% | 136.29% | 37.56% | 28.51% | 32.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 40.27% | 43.22% | 147.48% | 38.18% | — | 32.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 38.37% | 40.65% | 85.75% | 35.68% | — | 30.7 pp |
| FY 2022 Q1 | Mar 31, 2022 | 36.21% | 38.27% | 98.68% | 33.9% | — | 28.5 pp |
| FY 2021 Q4 | Dec 31, 2021 | 32.69% | 33.32% | 123.1% | 29.53% | 22.51% | 25 pp |
| FY 2021 Q3 | Sep 30, 2021 | 31.21% | 32.23% | 111.93% | — | — | 23.5 pp |
| FY 2021 Q2 | Jun 30, 2021 | 30.72% | 30.38% | 67.14% | — | — | 23 pp |
| FY 2021 Q1 | Mar 31, 2021 | 26.27% | 27.05% | 53.69% | — | — | 18.6 pp |
| FY 2020 Q4 | Dec 31, 2020 | 23.55% | 23.78% | 21.54% | 21% | 16.08% | 15.9 pp |
| FY 2020 Q3 | Sep 30, 2020 | 22.77% | 22.97% | 0.04% | — | 15.35% | 15.1 pp |
| FY 2020 Q2 | Jun 30, 2020 | 22.57% | 22.65% | — | — | 15.03% | 14.9 pp |
| FY 2020 Q1 | Mar 31, 2020 | 23.47% | 24.03% | -7.8% | — | 16.11% | 15.8 pp |
| FY 2019 Q4 | Dec 31, 2019 | 23.27% | 24.02% | 2.56% | 21.37% | 16.32% | 15.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | 24.59% | 25.65% | — | 22.83% | 17.09% | 16.9 pp |
| FY 2019 Q2 | Jun 30, 2019 | 25.54% | 27.19% | — | 24.25% | 18.09% | 17.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | — | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ODFL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.