Operating Profit Margin
since 2005
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Old Dominion Freight Line Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Calculation
Old Dominion Freight Line Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenue from operations1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 31, 2007 | = | 100 | × | ÷ | |||
| Dec 31, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Revenue from Operations
- The revenue from operations demonstrates a general upward trend over the examined period. Starting at approximately 1.06 billion US dollars in 2005, revenue shows steady growth with minor fluctuations. In 2009, there was a noticeable dip to about 1.25 billion US dollars, likely linked to economic disruptions at the time. Post-2009, revenue consistently increased, exceeding 6.26 billion US dollars by 2022. This represents a substantial growth trajectory over the 17-year span.
- Operating Income
- Operating income experienced considerable growth with some variability in the earlier years. Initial values in 2005 were around 97.6 million US dollars, fluctuating modestly until 2009, when operating income decreased to approximately 70.4 million US dollars. From 2010 onward, operating income exhibits strong upward momentum, with notable acceleration after 2015. By 2022, operating income reached approximately 1.84 billion US dollars, indicating significant operational profitability improvements over time.
- Operating Profit Margin
- The operating profit margin shows a clear and consistent increase throughout the period. Starting at 9.19% in 2005, margin percentages hover around the 9–10% range in the early years, with a dip to 5.65% in 2009 coinciding with reduced operating income and revenue. From 2010 forward, there is a steady improvement, with margins climbing above 20% by 2018. The margin peaks at 29.4% in 2022, reflecting enhanced operational efficiency and profitability relative to revenue.
- Overall Analysis
- The data reveals a pattern of significant long-term growth in both revenue and operating income, despite some setbacks around the 2008–2009 period, likely linked to broader economic conditions. The expansion of revenue has been accompanied by a stronger operating income growth rate, as evidenced by the improving operating profit margin. The improvement in margin suggests the company has increased its operational efficiency, better controlling costs relative to revenue growth. The marked margin expansion in recent years underscores a strategic focus on profitability enhancement alongside top-line growth.
Comparison to Competitors
Old Dominion Freight Line Inc., operating profit margin, long-term trends, comparison to competitors
| Old Dominion Freight Line Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | ||||||
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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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).