Old Dominion Freight Line Inc (ODFL)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	1,186,073	1,245,744	1,276,451	1,246,768	1,239,502	1,240,616	1,278,730	1,362,446	1,377,159	1,332,036	1,241,269	1,134,767	1,034,375	945,401	860,635	738,864	672,682	626,874	589,105	615,372
Revenue (ttm)	US$ in thousands	5,815,630	5,938,920	5,983,990	5,898,480	5,885,610	5,867,450	5,955,860	6,210,120	6,262,120	6,180,360	5,976,720	5,628,680	5,256,110	4,918,280	4,576,400	4,153,200	4,014,576	3,950,876	3,941,166	4,105,626
Net profit margin		20.39%	20.98%	21.33%	21.14%	21.06%	21.14%	21.47%	21.94%	21.99%	21.55%	20.77%	20.16%	19.68%	19.22%	18.81%	17.79%	16.76%	15.87%	14.95%	14.99%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,186,073K ÷ $5,815,630K
= 20.39%

Old Dominion Freight Line Inc has shown a consistent improvement in its net profit margin over the past few years, indicating efficient cost management and strong revenue generation. The company's net profit margin has steadily increased from 14.99% in March 2020 to 20.39% in December 2024.

This upward trend in net profit margin signifies that Old Dominion Freight Line Inc has been successful in controlling its costs relative to its revenue, resulting in higher profitability. However, it is important to note a slight dip in the margin in the last few quarters of 2024, which may require further investigation to identify any underlying factors impacting profitability during that period.

Overall, the company's increasing net profit margin demonstrates its ability to effectively convert revenue into profit, which is a positive indicator of its financial health and operational efficiency.