• Old Dominion Freight Line average return on tangible equity for 2023 was 33.93, a 5.36% decline from 2022.
• Old Dominion Freight Line average return on tangible equity for 2022 was 35.85, a 32.34% decline from 2021.
• Old Dominion Freight Line average return on tangible equity for 2021 was 27.09, a 30.68% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.