ODFL vs TFII: Old Dominion Freight Line and TFI International compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Old Dominion Freight Line is the larger company, worth $40.9B, about 4.2 times TFI International.
- Old Dominion Freight Line grew revenue faster over the last year (+10.4% vs -6.1%).
- Old Dominion Freight Line keeps more of each dollar of revenue as operating profit (25.8% vs 7.2%).
- On earnings, TFI International is the cheaper stock (30.2x vs 41.1x).
- Old Dominion Freight Line's price assumes faster free cash flow growth: about 15% a year, against 0% for TFI International (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ODFL | TFII |
|---|---|---|
| Market cap | $40.9B | $9.7B |
| Share price | $181.97 | $112.35 |
| Revenue (last fiscal year) | $5.5B | $7.9B |
| Free cash flow (last fiscal year) | $955M | $695M |
| Revenue growth, last year | +10.4% | -6.1% |
| Revenue growth per year, last 5 fiscal years | +1.1% | +2.2% |
| Operating margin | 25.8% | 7.2% |
| Net margin | 19.4% | 3.9% |
| Return on equity | 23.9% | 11.6% |
| P/E (trailing) | 41.1x | 30.2x |
| Price / free cash flow | 42.8x | 9.83x |
| EV / EBITDA | 22.2x | 10.8x |
| FCF growth the price implies | 15.0% | 0.25% |
| Dividend yield | 0.57% | 1.5% |
| Debt / equity | 0.26x | 1.80x |
| Fundamental grade | B | D |
| Superinvestors holding it | 6 | 4 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Old Dominion Freight Line
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.3B | $663M | 26.5% |
| 2022 | $6.3B | $916M | 29.4% |
| 2023 | $5.9B | $812M | 28.0% |
| 2024 | $5.8B | $888M | 26.6% |
| 2025 | $5.5B | $955M | 24.8% |
TFI International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $7.2B | $580M | 13.6% |
| 2022 | $8.8B | $615M | 13.0% |
| 2023 | $7.5B | $650M | 10.1% |
| 2024 | $8.4B | $664M | 8.6% |
| 2025 | $7.9B | $695M | 7.2% |
Where the revenue comes from
Old Dominion Freight Line · by products, 2025
LTL Service Revenue$5.4B99%
Other Service Revenue$50M1%
TFI International · by segments, 2025
Less-Than-Truckload$3.3B41%
Truckload$3.1B39%
Logistics$1.6B20%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ODFL in InvestinglyQuestions
Which is bigger, Old Dominion Freight Line or TFI International?
Old Dominion Freight Line (ODFL), at $40.9B against $9.7B.
Is ODFL or TFII cheaper?
By trailing P/E, TFI International (30.2x) is cheaper than Old Dominion Freight Line (41.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, ODFL or TFII?
Old Dominion Freight Line: revenue grew +10.4% over the last year, against -6.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.