Old Dominion Freight Line Inc (ODFL)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,186,070	1,239,500	1,377,160	1,034,380	672,682
Revenue	US$ in thousands	5,818,210	5,888,710	6,263,500	5,256,890	4,014,390
Net profit margin		20.39%	21.05%	21.99%	19.68%	16.76%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,186,070K ÷ $5,818,210K
= 20.39%

Old Dominion Freight Line Inc's net profit margin has shown a general positive trend over the past five years, starting at 16.76% on December 31, 2020, and increasing to 20.39% by December 31, 2024. This indicates an improvement in the company's ability to generate profit from its total revenue.

The net profit margin increased steadily from 2020 to 2022, with a significant jump from 19.68% in 2021 to 21.99% in 2022. This suggests effective cost management and revenue growth strategies implemented by the company during this period.

However, there was a slight dip in the net profit margin in 2023 to 21.05% before slightly decreasing further to 20.39% in 2024. While the margins are still relatively high, this decline may indicate increased expenses or changes in revenue streams that impacted profitability during these years.

Overall, Old Dominion Freight Line Inc has demonstrated a strong net profit margin performance, indicating efficient operations and profitability, despite the slight fluctuations observed in the later years.