A Decade of EBITDA: Old Dominion Freight Line vs. Avery Dennison

A Financial Tug-of-War

In the world of logistics and manufacturing, Old Dominion Freight Line, Inc. and Avery Dennison Corporation have been key players. Over the past decade, their EBITDA performances have painted a fascinating picture of growth and resilience. From 2014 to 2023, Old Dominion Freight Line's EBITDA surged by an impressive 237%, peaking in 2022. Meanwhile, Avery Dennison saw a 118% increase, with its highest EBITDA recorded in 2022 as well.

Year-on-Year Insights

Old Dominion Freight Line consistently outperformed Avery Dennison, especially from 2018 onwards, where it maintained a lead of over 30% in EBITDA. The year 2020 marked a turning point for both companies, with Old Dominion's EBITDA surpassing Avery Dennison's by 10%. This trend continued, highlighting Old Dominion's robust growth strategy and market adaptability.

Conclusion

As we look to the future, these insights offer a glimpse into the strategic maneuvers that have defined these industry giants.