Old Dominion Freight Line Inc (ODFL)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,640,673	1,649,891	1,700,952	1,818,063	1,840,632	1,782,894	1,670,224	1,527,563	1,391,602	1,273,413	1,160,247	993,369	906,882	840,844	788,127	823,450	818,706	849,287	860,145	846,137
Revenue (ttm)	US$ in thousands	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	4,108,645	4,126,375	4,136,145	4,108,975
Operating profit margin		27.88%	28.12%	28.56%	29.28%	29.39%	28.85%	27.95%	27.14%	26.48%	25.89%	25.35%	23.92%	22.59%	21.28%	20.00%	20.06%	19.93%	20.58%	20.80%	20.59%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,640,673K ÷ $5,885,610K
= 27.88%

Old Dominion Freight Line, Inc.'s operating profit margin has shown fluctuation over the past eight quarters. In Q4 2023, the operating profit margin stood at 27.97%, slightly lower than the previous quarter's 28.14%. Despite this slight decrease, the company's operating profit margin has generally been consistent, hovering around the high 20% range. The highest operating profit margin was seen in Q2 2023 at 28.58%, while the lowest was in Q1 2022 at 27.15%.

Overall, Old Dominion Freight Line, Inc. has maintained a relatively strong operating profit margin over the quarters analyzed, indicating efficient operations and cost management within the business. However, the recent slight decline in Q4 2023 compared to the earlier quarters may warrant further investigation to understand the factors influencing this trend.