Old Dominion Freight Line Inc (ODFL)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,544,000	1,640,670	1,840,630	1,391,600	906,882
Revenue	US$ in thousands	5,818,210	5,888,710	6,263,500	5,256,890	4,014,390
Operating profit margin		26.54%	27.86%	29.39%	26.47%	22.59%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,544,000K ÷ $5,818,210K
= 26.54%

Old Dominion Freight Line Inc has shown a positive trend in its operating profit margin over the past five years. The operating profit margin increased steadily from 22.59% as of December 31, 2020, to 26.47% by December 31, 2021, indicating improving operational efficiency and profitability. The trend continued to strengthen with a notable uptick to 29.39% by December 31, 2022, reflecting the company's ability to effectively manage costs and generate higher revenues.

However, by December 31, 2023, the operating profit margin declined slightly to 27.86%, suggesting some challenges or fluctuations in the company's operations during that period. Despite this slight dip, Old Dominion Freight Line Inc managed to maintain a relatively strong operating profit margin above 26%, highlighting its overall resilience.

As of December 31, 2024, the operating profit margin stands at 26.54%, showing a decrease from the previous year. This decline could be due to various factors such as changes in operating expenses, pricing strategies, or macroeconomic conditions impacting the company's performance.

Overall, Old Dominion Freight Line Inc has demonstrated a generally positive performance in terms of operating profit margin, with fluctuations in recent years indicating the need for careful monitoring and strategic adjustments to sustain and improve profitability in the future.