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Old Dominion Freight Line Operating Margin %

: 27.39% (As of Sep. 2021)
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Operating Margin % is calculated as Operating Income divided by its Revenue. Old Dominion Freight Line's Operating Income for the three months ended in Sep. 2021 was $383 Mil. Old Dominion Freight Line's Revenue for the three months ended in Sep. 2021 was $1,400 Mil. Therefore, Old Dominion Freight Line's Operating Margin % for the quarter that ended in Sep. 2021 was 27.39%.

Good Sign:

Old Dominion Freight Line Inc operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Old Dominion Freight Line's Operating Margin % or its related term are showing as below:

NAS:ODFL' s Operating Margin % Range Over the Past 10 Years
Min: 12.29   Med: 16.47   Max: 25.89
Current: 25.89

12.29
25.89

NAS:ODFL's Operating Margin % is ranked higher than
87% of the 926 Companies
in the Transportation industry.

( Industry Median: 5.78 vs. NAS:ODFL: 25.89 )

Old Dominion Freight Line's 5-Year Average Operating Margin % Growth Rate was 6.70% per year.

Old Dominion Freight Line's Operating Income for the three months ended in Sep. 2021 was $383 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was $1,273 Mil.


Old Dominion Freight Line Operating Margin % Historical Data

The historical data trend for Old Dominion Freight Line's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Old Dominion Freight Line Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.17 17.15 20.21 19.92 22.59

Old Dominion Freight Line Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Operating Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.54 23.69 23.94 27.74 27.39

Competitive Comparison

For the Trucking subindustry, Old Dominion Freight Line's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Old Dominion Freight Line Operating Margin % Distribution

For the Transportation industry and Industrials sector, Old Dominion Freight Line's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's Operating Margin % falls into.



Old Dominion Freight Line Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Old Dominion Freight Line's Operating Margin % for the fiscal year that ended in Dec. 2020 is calculated as

Operating Margin %=Operating Income (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=906.882 / 4015.129
=22.59 %

Old Dominion Freight Line's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=383.41 / 1400.046
=27.39 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Old Dominion Freight Line  (NAS:ODFL) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Old Dominion Freight Line Operating Margin % Related Terms

Thank you for viewing the detailed overview of Old Dominion Freight Line's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Old Dominion Freight Line Business Description

Old Dominion Freight Line logo
Industry
Industrials » Transportation NAICS : 484121 SIC : 4213
Traded in Other Exchanges
Address
500 Old Dominion Way, Thomasville, NC, USA, 27360
Old Dominion Freight Line is the third- largest less-than-truckload carrier in the United States, with more than 240 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry- leading service via consistent infrastructure investment.
Executives
Hanley Patrick D director 1000 SEMMES AVE RICHMOND VA 23224
Suggs Leo H director UNION PACIFIC CORP 1416 DODGE ST OMAHA NE 68179
Stallings Wendy T. director 500 OLD DOMINION WAY THOMASVILLE NC 27360
Gabosch Bradley R director 500 OLD DOMINION WAY THOMASVILLE NC 27360
Wray D. Michael director 7205 PINETREE ROAD RICHMOND VA 23229
Kasarda John D. director 500 OLD DOMINION WAY THOMASVILLE NC 27360
Aaholm Sherry A director 500 JACKSON STREET COLUMBUS IN 47201
Congdon John R Jr director C/O OLD DOMINION FREIGHT LINE, INC. 500 OLD DOMINION WAY THOMASVILLE NC 27360
Parr Ross H. officer: SVP - Legal Affairs, GC & Sec. 500 OLD DOMINION WAY THOMASVILLE NC 27360
Plemmons Gregory B officer: SVP - Sales 500 OLD DOMINION WAY THOMASVILLE NC 27360
Brooks Christopher T officer: SVP - Human Resources & Safety 500 OLD DOMINION WAY THOMASVILLE NC 27360
Maready Kimberly S officer: VP - Accounting & Fin. (PAO) 500 OLD DOMINION WAY THOMASVILLE NC 27360
Satterfield Adam N officer: CFO, SVP-Finance & Asst. Sec. 500 OLD DOMINION WAY THOMASVILLE NC 27360
Bates David J. officer: SVP - Operations 500 OLD DOMINION WAY THOMASVILLE NC 27360
Overbey Cecil E. Jr. officer: SVP - Strategic Development 500 OLD DOMINION WAY THOMASVILLE NC 27360

Old Dominion Freight Line Headlines

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