Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Old Dominion Freight Line Inc., profitability ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Old Dominion Freight Line Inc. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Old Dominion Freight Line Inc. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Old Dominion Freight Line Inc. ROE improved from 2020 to 2021 and from 2021 to 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Old Dominion Freight Line Inc. ROA improved from 2020 to 2021 and from 2021 to 2022. |
Operating Profit Margin
Old Dominion Freight Line Inc., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating income | 1,840,632) | 1,391,602) | 906,882) | 818,706) | 817,051) | |
| Revenue from operations | 6,260,077) | 5,256,328) | 4,015,129) | 4,109,111) | 4,043,695) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 29.40% | 26.47% | 22.59% | 19.92% | 20.21% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| FedEx Corp. | 6.68% | 6.98% | 3.49% | 6.41% | — | |
| Uber Technologies Inc. | -5.75% | -21.97% | -43.66% | -60.76% | — | |
| Union Pacific Corp. | 39.87% | 42.83% | 40.11% | 39.40% | — | |
| United Parcel Service Inc. | 13.05% | 13.17% | 9.08% | 10.52% | — | |
| Operating Profit Margin, Sector | ||||||
| Transportation | 10.94% | 10.96% | 7.08% | 6.80% | — | |
| Operating Profit Margin, Industry | ||||||
| Industrials | 9.34% | 9.80% | 4.43% | 9.67% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue from operations
= 100 × 1,840,632 ÷ 6,260,077 = 29.40%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Old Dominion Freight Line Inc. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Profit Margin
Old Dominion Freight Line Inc., net profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 1,377,159) | 1,034,375) | 672,682) | 615,518) | 605,668) | |
| Revenue from operations | 6,260,077) | 5,256,328) | 4,015,129) | 4,109,111) | 4,043,695) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 22.00% | 19.68% | 16.75% | 14.98% | 14.98% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| FedEx Corp. | 4.09% | 6.23% | 1.86% | 0.77% | — | |
| Uber Technologies Inc. | -28.68% | -2.84% | -60.76% | -60.13% | — | |
| Union Pacific Corp. | 28.13% | 29.92% | 27.38% | 27.27% | — | |
| United Parcel Service Inc. | 11.51% | 13.25% | 1.59% | 5.99% | — | |
| Net Profit Margin, Sector | ||||||
| Transportation | 5.28% | 10.95% | 0.66% | 1.33% | — | |
| Net Profit Margin, Industry | ||||||
| Industrials | 5.27% | 6.43% | 1.43% | 3.90% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net profit margin = 100 × Net income ÷ Revenue from operations
= 100 × 1,377,159 ÷ 6,260,077 = 22.00%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Old Dominion Freight Line Inc. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Return on Equity (ROE)
Old Dominion Freight Line Inc., ROE calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 1,377,159) | 1,034,375) | 672,682) | 615,518) | 605,668) | |
| Shareholders’ equity | 3,652,917) | 3,679,807) | 3,326,288) | 3,080,717) | 2,680,483) | |
| Profitability Ratio | ||||||
| ROE1 | 37.70% | 28.11% | 20.22% | 19.98% | 22.60% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| FedEx Corp. | 15.34% | 21.64% | 7.03% | 3.04% | — | |
| Uber Technologies Inc. | -124.54% | -3.43% | -55.18% | -59.94% | — | |
| Union Pacific Corp. | 57.54% | 46.06% | 31.54% | 32.65% | — | |
| United Parcel Service Inc. | 58.36% | 90.44% | 204.41% | 135.90% | — | |
| ROE, Sector | ||||||
| Transportation | 20.60% | 36.02% | 2.51% | 4.49% | — | |
| ROE, Industry | ||||||
| Industrials | 15.53% | 16.58% | 3.94% | 13.76% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROE = 100 × Net income ÷ Shareholders’ equity
= 100 × 1,377,159 ÷ 3,652,917 = 37.70%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Old Dominion Freight Line Inc. ROE improved from 2020 to 2021 and from 2021 to 2022. |
Return on Assets (ROA)
Old Dominion Freight Line Inc., ROA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 1,377,159) | 1,034,375) | 672,682) | 615,518) | 605,668) | |
| Total assets | 4,838,610) | 4,821,544) | 4,369,410) | 3,995,568) | 3,545,283) | |
| Profitability Ratio | ||||||
| ROA1 | 28.46% | 21.45% | 15.40% | 15.41% | 17.08% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| FedEx Corp. | 4.45% | 6.32% | 1.75% | 0.99% | — | |
| Uber Technologies Inc. | -28.47% | -1.28% | -20.35% | -26.78% | — | |
| Union Pacific Corp. | 10.69% | 10.27% | 8.57% | 9.60% | — | |
| United Parcel Service Inc. | 16.24% | 18.57% | 2.15% | 7.67% | — | |
| ROA, Sector | ||||||
| Transportation | 5.20% | 9.49% | 0.52% | 1.16% | — | |
| ROA, Industry | ||||||
| Industrials | 3.46% | 3.83% | 0.74% | 2.39% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 1,377,159 ÷ 4,838,610 = 28.46%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Old Dominion Freight Line Inc. ROA improved from 2020 to 2021 and from 2021 to 2022. |