Covenant Logistics Group (CVLG) Financials

$33.83 +1.88 (+5.88%)

As of 02:21 PM Eastern

Annual Income Statements for Covenant Logistics Group

This table shows Covenant Logistics Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	42	17	55	43	8.48	-43	61	109	55	36	7.24
Consolidated Net Income / (Loss)	42	17	55	43	8.48	-43	61	109	55	36	7.24
Net Income / (Loss) Continuing Operations	42	17	55	41	5.22	-14	58	108	55	35	4.41
Total Pre-Tax Income	64	27	23	56	7.57	-17	79	143	72	46	5.59
Total Operating Income	68	32	28	55	8.77	-14	67	121	59	45	2.94
Total Gross Profit	239	216	218	272	245	223	260	648	298	338	332
Total Revenue	606	553	563	697	681	616	714	1,217	832	877	878
Operating Revenue	606	553	563	697	681	616	714	1,217	832	877	878
Total Cost of Revenue	367	338	345	425	436	392	454	569	534	539	546
Operating Cost of Revenue	367	338	345	425	436	392	454	569	534	539	546
Total Operating Expenses	171	183	190	217	236	237	193	527	239	293	329
Selling, General & Admin Expense	14	14	15	23	30	34	30	38	49	66	59
Marketing Expense	32	33	33	43	48	53	39	51	50	60	70
Depreciation Expense	61	72	76	76	81	65	54	58	70	87	93
Other Operating Expenses / (Income)	64	64	66	74	79	66	75	422	82	79	90
Impairment Charge	-	-	-	0.00	0.00	27	-	-	0.00	0.00	17
Other Special Charges / (Income)	-	-	-	0.30	-1.65	-7.71	-3.80	-40	-13	1.63	0.34
Total Other Income / (Expense), net	-3.88	-5.23	-4.86	0.39	-1.20	-2.90	12	22	13	1.14	2.65
Interest Expense	8.45	8.23	8.26	7.34	8.22	6.84	2.79	3.08	7.97	14	12
Interest & Investment Income	4.57	3.00	3.40	7.73	7.02	3.94	15	25	21	15	15
Income Tax Expense	22	10	-32	15	2.35	-2.80	21	35	18	11	1.18
Net Income / (Loss) Discontinued Operations	-	-	-	1.64	3.26	-29	2.54	0.75	0.60	0.60	2.83
Basic Earnings per Share	$2.32	$0.93	$3.03	$2.32	$0.46	($2.46)	$3.61	$3.62	$2.12	$1.37	$0.28
Weighted Average Basic Shares Outstanding	18.15M	18.18M	18.28M	18.34M	18.44M	17.36M	16.80M	30.01M	26.10M	26.31M	25.65M
Diluted Earnings per Share	$2.30	$0.92	$3.02	$2.30	$0.45	($2.46)	$3.57	$3.50	$2.00	$1.30	$0.27
Weighted Average Diluted Shares Outstanding	18.31M	18.27M	18.37M	18.47M	18.64M	17.36M	17.02M	31.05M	27.67M	27.71M	26.91M
Weighted Average Basic & Diluted Shares Outstanding	18.10M	18.10M	18.30M	18.30M	18.52M	16.80M	16.82M	13.24M	13.07M	26.55M	25.08M

This table shows Covenant Logistics Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	14	13	3.97	12	13	6.72	6.56	9.84	9.09	-18	4.42
Consolidated Net Income / (Loss)	14	13	3.97	12	13	6.72	6.56	9.84	9.09	-18	4.42
Net Income / (Loss) Continuing Operations	13	13	3.82	12	13	6.57	6.56	9.84	6.26	-18	4.42
Total Pre-Tax Income	18	17	4.67	16	17	8.33	8.55	13	8.04	-24	6.08
Total Operating Income	15	14	4.34	16	16	8.61	7.63	12	7.93	-24	6.28
Total Gross Profit	79	347	147	89	84	84	79	89	85	79	80
Total Revenue	217	477	279	225	223	217	213	226	224	215	307
Operating Revenue	217	477	279	225	223	217	213	226	224	215	307
Total Cost of Revenue	137	130	131	135	139	133	133	137	139	136	227
Operating Cost of Revenue	137	130	131	135	139	133	133	137	139	136	227
Total Operating Expenses	64	332	143	74	68	75	72	77	77	103	74
Selling, General & Admin Expense	12	11	21	14	12	19	14	15	16	15	14
Marketing Expense	13	13	15	17	12	15	15	17	14	23	13
Depreciation Expense	18	18	21	22	21	22	22	23	23	25	24
Other Operating Expenses / (Income)	22	290	85	19	22	19	21	22	24	23	23
Other Special Charges / (Income)	-0.60	-0.21	0.70	0.84	0.21	-0.12	0.33	0.30	-0.49	0.20	0.34
Total Other Income / (Expense), net	2.70	2.29	0.34	0.30	0.79	-0.29	0.92	1.80	0.11	-0.17	-0.20
Interest Expense	2.64	2.44	3.34	3.80	3.20	3.24	2.86	2.47	3.47	3.26	3.89
Interest & Investment Income	5.34	4.73	3.68	4.09	3.99	2.95	3.78	4.27	3.58	3.09	3.69
Income Tax Expense	4.48	3.91	-	3.83	4.14	1.76	1.98	3.52	1.77	-6.10	1.66
Basic Earnings per Share	$1.04	$0.49	$0.15	$0.46	$0.49	$0.26	$0.25	$0.38	$0.36	($0.71)	$0.18
Weighted Average Basic Shares Outstanding	12.95M	26.10M	26.17M	26.29M	26.35M	26.31M	26.54M	26.04M	25.03M	25.65M	25.08M
Diluted Earnings per Share	$0.99	$0.49	$0.14	$0.44	$0.47	$0.26	$0.24	$0.36	$0.35	($0.71)	$0.17
Weighted Average Diluted Shares Outstanding	13.68M	27.67M	27.60M	27.66M	27.80M	27.71M	27.88M	27.23M	26.30M	26.91M	26.43M
Weighted Average Basic & Diluted Shares Outstanding	12.95M	13.07M	13.11M	13.17M	13.18M	26.55M	26.56M	25.02M	25.05M	25.08M	25.17M
Cash Dividends to Common per Share	$0.11	$0.06	-	-	-	$0.06	$0.07	$0.07	$0.07	$0.07	$0.07

This table details how cash moves in and out of Covenant Logistics Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-17	3.26	7.61	7.77	20	-35	0.01	60	-66	33	-31
Net Cash From Operating Activities	85	102	83	125	64	63	73	159	85	123	114
Net Cash From Continuing Operating Activities	85	102	83	125	64	63	73	159	85	123	114
Net Income / (Loss) Continuing Operations	42	17	55	43	8.48	-43	61	109	55	36	7.24
Consolidated Net Income / (Loss)	42	17	55	43	8.48	-43	61	109	55	36	7.24
Depreciation Expense	62	72	72	76	81	65	54	58	70	87	93
Non-Cash Adjustments To Reconcile Net Income	-2.68	1.32	4.52	-0.04	-7.65	62	-3.63	-44	-20	-6.97	9.55
Changes in Operating Assets and Liabilities, net	-16	12	-50	6.33	-17	-22	-38	37	-21	7.41	4.13
Net Cash From Investing Activities	-148	-47	-62	-121	-93	138	10	-86	-236	-108	-140
Net Cash From Continuing Investing Activities	-148	-47	-62	-121	-93	138	10	-86	-236	-108	-140
Purchase of Property, Plant & Equipment	-182	-113	-111	-75	-138	-94	-35	-100	-218	-153	-148
Acquisitions	-	0.00	0.00	-106	0.00	-	0.00	-39	-108	-4.56	-27
Purchase of Investments	-	0.00	0.00	-	-	0.00	-0.01	-0.24	-2.20	-0.60	-0.96
Sale of Property, Plant & Equipment	34	66	49	62	47	122	44	53	92	50	36
Net Cash From Financing Activities	45	-52	-13	3.87	49	-236	-84	-13	85	18	-4.26
Net Cash From Continuing Financing Activities	45	-52	-13	3.87	49	-236	-84	-13	85	18	-4.26
Repayment of Debt	-937	-1,144	-1,405	-1,697	-1,791	-1,616	-711	-72	-159	-147	-165
Repurchase of Common Equity	-4.99	-	-	0.00	0.00	-17	-10	-85	-25	0.00	-37
Payment of Dividends	-	-	-	-	-	-	0.00	-4.29	-5.78	-5.80	-7.16
Issuance of Debt	988	1,093	1,393	1,701	1,842	1,417	645	155	294	177	211
Other Financing Activities, net	-1.19	-1.11	-0.79	-0.24	-1.11	-20	-6.96	-6.74	-19	-6.14	-6.33
Cash Interest Paid	8.37	8.45	8.27	8.57	11	7.37	2.76	3.31	5.32	5.67	13
Cash Income Taxes Paid	8.11	6.41	-2.22	-5.39	0.75	0.87	10	17	4.19	7.27	4.67

This table details how cash moves in and out of Covenant Logistics Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.43	-5.09	0.66	-1.67	34	0.42	-24	-11	2.54	2.26	6.30
Net Cash From Operating Activities	41	32	22	22	57	22	25	22	41	26	29
Net Cash From Continuing Operating Activities	41	32	22	22	57	22	25	22	41	26	29
Net Income / (Loss) Continuing Operations	14	13	3.97	12	13	6.72	6.56	9.84	9.09	-18	4.42
Consolidated Net Income / (Loss)	14	13	3.97	12	13	6.72	6.56	9.84	9.09	-18	4.42
Depreciation Expense	18	18	21	22	21	22	22	23	23	25	24
Non-Cash Adjustments To Reconcile Net Income	5.49	-4.54	-2.36	-2.75	0.74	-2.60	-2.53	-1.41	-2.91	16	-2.69
Changes in Operating Assets and Liabilities, net	3.43	5.37	-1.02	-9.35	22	-4.26	-1.00	-9.65	12	2.55	3.26
Net Cash From Investing Activities	-31	-91	-43	-43	-18	-3.47	-24	-29	-36	-51	24
Net Cash From Continuing Investing Activities	-31	-91	-43	-43	-18	-3.47	-24	-29	-36	-51	24
Purchase of Property, Plant & Equipment	-53	-106	-48	-51	-33	-21	-33	-36	-49	-29	-11
Purchase of Investments	-0.13	-0.62	-0.16	-0.14	-0.19	-0.11	-0.14	-0.58	-0.07	-0.17	-0.02
Sale of Property, Plant & Equipment	30	15	9.59	7.69	15	18	9.48	7.57	14	4.87	36
Net Cash From Financing Activities	-9.77	54	22	19	-5.21	-18	-25	-3.56	-3.17	28	-47
Net Cash From Continuing Financing Activities	-9.77	54	22	19	-5.21	-18	-25	-3.56	-3.17	28	-47
Repayment of Debt	-89	-13	-36	-55	-25	-28	-42	-35	-68	-19	-104
Payment of Dividends	-1.44	-1.44	-1.44	-1.45	-1.45	-1.46	-1.86	-1.80	-1.75	-1.75	-1.76
Issuance of Debt	83	72	67	75	20	15	24	69	68	49	60
Other Financing Activities, net	-1.92	-3.46	-7.10	0.22	0.50	-2.87	-4.69	-0.29	-0.50	-0.68	-0.59
Cash Interest Paid	-	-	-	-	-	-	2.64	-	-	-	3.15
Cash Income Taxes Paid	-	-	-	-	-	-	-1.99	-	-	-	-0.11

This table presents Covenant Logistics Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	647	621	650	774	882	677	652	797	954	998	1,046
Total Current Assets	173	135	162	212	254	148	189	223	186	214	233
Cash & Equivalents	4.49	7.75	15	23	44	8.41	8.41	69	2.29	36	4.95
Accounts Receivable	113	97	104	151	81	91	142	120	143	142	152
Inventories, net	4.00	3.98	4.23	4.07	4.21	3.12	3.32	3.52	4.85	5.65	6.34
Prepaid Expenses	8.68	11	8.70	12	12	12	13	16	18	20	22
Current Deferred & Refundable Income Taxes	8.59	4.26	12	1.11	5.40	4.16	10	4.84	6.74	6.50	12
Other Current Assets	8.78	8.76	17	18	22	29	12	10	12	4.47	37
Plant, Property, & Equipment, net	454	465	464	451	517	391	346	408	515	525	477
Plant, Property & Equipment, gross	596	631	651	639	725	541	518	620	693	729	718
Accumulated Depreciation	142	166	187	188	208	150	172	212	178	205	241
Total Noncurrent Assets	20	20	23	111	110	137	117	166	254	259	336
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	3.16	17
Goodwill	-	-	0.00	42	43	43	43	58	76	79	80
Intangible Assets	-	-	0.00	33	30	25	20	48	100	90	106
Other Noncurrent Operating Assets	20	20	23	37	38	61	52	59	78	86	133
Total Liabilities & Shareholders' Equity	647	621	650	774	882	677	652	797	954	998	1,046
Total Liabilities	445	384	354	430	532	386	302	420	551	559	642
Total Current Liabilities	126	88	81	127	161	133	143	156	170	181	210
Short-Term Debt	43	27	28	34	81	30	28	42	60	75	65
Accounts Payable	12	13	12	22	20	32	30	34	33	32	45
Accrued Expenses	47	44	42	69	54	69	84	80	77	74	87
Other Current Liabilities	23	3.58	0.24	1.86	0.78	1.86	0.56	-	-	-	12
Total Noncurrent Liabilities	318	296	273	303	370	253	159	263	381	378	432
Long-Term Debt	196	169	164	167	200	48	20	90	197	187	234
Noncurrent Deferred & Payable Income Tax Liabilities	77	84	63	77	80	75	85	99	116	118	120
Other Noncurrent Operating Liabilities	35	24	24	59	64	75	45	70	61	69	78
Total Equity & Noncontrolling Interests	202	236	295	343	350	291	350	377	403	438	404
Total Preferred & Common Equity	202	236	295	343	350	291	350	377	403	438	404
Total Common Equity	202	236	295	343	350	291	350	377	403	438	404
Common Stock	140	138	137	142	142	144	150	153	156	159	160
Retained Earnings	83	102	157	201	209	166	225	329	379	278	278
Treasury Stock	-3.41	-1.08	-	-	0.00	-17	-24	-	-	-	-35
Accumulated Other Comprehensive Income / (Loss)	-18	-2.64	0.29	0.20	-1.01	-2.25	-1.31	1.09	0.82	1.04	0.61

This table presents Covenant Logistics Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	757	765	871	892	943	995	1,010	980	1,009	1,025	1,017
Total Current Assets	213	205	199	203	180	202	215	180	197	195	211
Cash & Equivalents	59	55	7.82	7.39	2.95	1.28	35	11	0.14	2.69	11
Accounts Receivable	133	122	143	154	144	145	135	141	152	150	156
Inventories, net	3.72	3.31	4.13	4.86	5.13	5.61	6.11	5.50	5.39	6.15	7.17
Prepaid Expenses	11	13	21	17	14	24	21	15	24	20	18
Current Deferred & Refundable Income Taxes	0.00	0.00	0.00	0.00	0.32	13	7.53	0.00	3.32	8.75	11
Other Current Assets	6.18	12	22	19	15	13	9.77	7.28	11	6.27	8.48
Plant, Property, & Equipment, net	373	389	430	444	503	533	537	522	523	542	457
Plant, Property & Equipment, gross	576	591	611	613	691	726	736	739	743	774	706
Accumulated Depreciation	203	203	181	169	188	193	199	217	220	232	249
Total Noncurrent Assets	170	171	241	246	260	260	258	278	289	289	349
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	22	31
Goodwill	58	58	69	73	80	79	79	79	79	79	80
Intangible Assets	49	47	98	102	97	95	92	98	96	94	103
Other Noncurrent Operating Assets	62	65	73	70	82	86	86	101	114	94	135
Total Liabilities & Shareholders' Equity	757	765	871	892	943	995	1,010	980	1,009	1,025	1,017
Total Liabilities	377	394	491	498	536	576	578	536	592	601	609
Total Current Liabilities	161	139	154	171	173	188	195	164	180	192	202
Short-Term Debt	36	37	43	46	71	82	74	62	63	76	66
Accounts Payable	33	28	34	34	32	32	32	32	35	33	50
Accrued Expenses	91	74	75	90	70	73	78	70	80	84	86
Total Noncurrent Liabilities	216	255	337	327	363	388	383	372	412	409	407
Long-Term Debt	70	96	163	154	187	197	192	182	214	204	201
Noncurrent Deferred & Payable Income Tax Liabilities	90	97	100	103	111	120	119	114	114	122	121
Other Noncurrent Operating Liabilities	51	58	67	63	58	64	71	72	82	80	85
Total Equity & Noncontrolling Interests	380	371	380	394	407	419	432	444	417	424	408
Total Preferred & Common Equity	380	371	380	394	407	419	432	444	417	424	408
Total Common Equity	380	371	380	394	407	419	432	444	417	424	408
Common Stock	153	153	155	156	157	158	159	160	160	160	160
Retained Earnings	319	345	355	368	381	392	404	283	291	298	281
Treasury Stock	-93	-127	-131	-	-132	-	-131	-	-	-	-34
Accumulated Other Comprehensive Income / (Loss)	1.11	0.68	1.04	1.45	1.08	1.11	0.58	0.78	0.66	0.60	0.65

This table displays calculated financial ratios and metrics derived from Covenant Logistics Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	18,056,507.00	18,194,319.00	18,290,547.00	18,346,066.00	2,350,000.00	17,134,214.00	16,717,543.00	-	-	-	25,047,178.00
DEI Adjusted Shares Outstanding	36,113,014.00	36,388,638.00	36,581,094.00	36,692,132.00	4,700,000.00	34,268,428.00	33,435,086.00	-	-	-	25,047,178.00
DEI Earnings Per Adjusted Shares Outstanding	1.17	0.46	1.52	1.16	1.80	-1.25	1.82	-	-	-	0.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	45	20	67	41	6.05	-9.82	49	91	44	34	2.32
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.87%	6.68%	4.92%	0.32%
Earnings before Interest and Taxes (EBIT)	68	32	28	55	8.77	-14	67	121	59	45	2.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	130	104	101	131	89	52	121	178	129	131	96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	0.35	17	15	-9.20	117	58	44	-176	34	-41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	422	442	492	518	533	407	398	445	665	665	712
Increase / (Decrease) in Invested Capital	76	20	50	26	15	-127	-8.76	47	220	0.07	44
Book Value per Share	$11.19	$12.98	$16.14	$18.70	$148.98	$16.96	$20.92	$27.95	$31.16	$33.26	$16.13
Tangible Book Value per Share	$11.19	$12.98	$16.14	$14.66	$118.29	$13.05	$17.15	$20.06	$17.62	$20.43	$8.70
Total Capital	452	452	509	544	657	380	402	510	666	700	717
Total Debt	250	216	214	201	307	89	53	133	263	262	313
Total Long-Term Debt	207	188	186	167	226	59	24	91	202	187	236
Net Debt	246	208	198	178	264	80	44	65	260	226	308
Capital Expenditures (CapEx)	148	47	62	13	92	-28	-8.85	47	126	103	112
Debt-free, Cash-free Net Working Capital (DFCFNWC)	86	67	93	95	131	36	66	40	74	72	95
Debt-free Net Working Capital (DFNWC)	90	75	109	118	174	45	74	109	76	107	100
Net Working Capital (NWC)	47	47	81	84	93	14	46	67	16	33	23
Net Nonoperating Expense (NNE)	2.55	3.23	12	-1.93	-2.43	33	-11	-17	-11	-1.48	-4.92
Net Nonoperating Obligations (NNO)	220	205	197	175	183	116	48	68	262	227	308
Total Depreciation and Amortization (D&A)	62	72	73	76	81	66	54	58	70	87	93
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.32	$0.93	$3.03	$2.32	$0.46	$0.00	$3.61	$3.62	$2.12	$1.37	$0.28
Adjusted Weighted Average Basic Shares Outstanding	18.15M	18.18M	18.28M	18.34M	18.44M	0.00	16.80M	30.01M	26.10M	26.31M	25.65M
Adjusted Diluted Earnings per Share	$2.30	$0.92	$3.02	$2.30	$0.45	$0.00	$3.57	$3.50	$2.00	$1.30	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	18.31M	18.27M	18.37M	18.47M	18.64M	0.00	17.02M	31.05M	27.67M	27.71M	26.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.13M	18.25M	18.33M	18.37M	18.52M	0.00	16.82M	26.48M	26.14M	26.55M	25.08M
Normalized Net Operating Profit after Tax (NOPAT)	45	20	20	41	4.91	3.39	47	61	35	36	16
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Covenant Logistics Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	26,550,403.00	26,555,878.00	25,019,619.00	25,047,178.00	25,083,043.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	26,550,403.00	26,555,878.00	25,019,619.00	25,047,178.00	25,083,043.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.25	0.37	0.36	-0.73	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-30.52%	3.39%	4.01%	9.08%	3.13%	-54.52%	-23.75%	0.59%	0.24%	-	44.51%
EBITDA Growth	-54.61%	21.84%	-21.00%	22.72%	12.41%	-5.62%	15.64%	-8.02%	-17.56%	-	2.84%
EBIT Growth	-74.36%	30.85%	-75.41%	32.20%	7.23%	-39.63%	75.94%	-25.77%	-51.18%	-	-17.63%
NOPAT Growth	-74.83%	24.14%	-72.17%	24.25%	8.38%	-37.65%	35.12%	-27.96%	-49.71%	-	-22.07%
Net Income Growth	-73.25%	11.23%	-76.11%	-0.81%	-3.50%	-47.48%	65.15%	-19.30%	-30.23%	-	-32.65%
EPS Growth	-70.80%	11.23%	-75.83%	-3.30%	-5.05%	-47.48%	71.43%	-18.18%	-25.53%	-	-29.17%
Operating Cash Flow Growth	-8.06%	-16.49%	199.41%	337.50%	40.03%	-31.18%	14.42%	-2.20%	-27.25%	-	16.65%
Free Cash Flow Firm Growth	-245.50%	-448.56%	-1,506.89%	21.54%	61.71%	103.21%	97.94%	115.11%	42.26%	-	576.91%
Invested Capital Growth	37.76%	49.51%	47.94%	20.61%	11.84%	0.01%	1.53%	-1.12%	5.97%	-	-2.40%
Revenue Q/Q Growth	5.17%	120.16%	-55.56%	6.00%	-0.57%	-2.90%	-2.04%	6.36%	-0.92%	-	42.75%
EBITDA Q/Q Growth	8.45%	-2.44%	-21.74%	48.20%	-0.66%	-18.09%	-4.11%	17.88%	-10.97%	-	4,362.83%
EBIT Q/Q Growth	28.50%	-5.77%	-69.62%	259.33%	4.22%	-46.95%	-11.45%	51.61%	-31.45%	-	125.98%
NOPAT Q/Q Growth	19.16%	-3.87%	-67.45%	233.21%	3.94%	-44.69%	-13.80%	45.39%	-27.45%	-	126.97%
Net Income Q/Q Growth	9.87%	-5.26%	-68.94%	206.84%	6.88%	-48.44%	-2.34%	49.93%	-7.59%	-	124.21%
EPS Q/Q Growth	8.79%	-5.26%	-67.42%	203.45%	6.82%	-48.44%	-7.69%	50.00%	-2.78%	-	123.94%
Operating Cash Flow Q/Q Growth	693.07%	-21.52%	-31.90%	3.22%	153.84%	-61.43%	13.21%	-11.77%	88.82%	-	13.37%
Free Cash Flow Firm Q/Q Growth	-9.43%	-38.29%	-1.95%	49.15%	46.60%	111.61%	-165.14%	474.05%	-304.11%	-	145.51%
Invested Capital Q/Q Growth	1.63%	12.04%	0.68%	5.20%	-5.76%	0.20%	2.21%	2.46%	1.00%	-	-4.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.55%	72.68%	38.08%	39.72%	37.63%	38.61%	37.37%	39.34%	37.83%	-	26.17%
EBITDA Margin	15.38%	6.81%	12.00%	16.78%	16.76%	14.14%	13.84%	15.34%	13.79%	-	9.85%
Operating Margin	6.99%	2.99%	2.04%	6.93%	7.27%	3.97%	3.59%	5.11%	3.54%	-	2.05%
EBIT Margin	6.99%	2.99%	2.04%	6.93%	7.27%	3.97%	3.59%	5.11%	3.54%	-	2.05%
Profit (Net Income) Margin	6.23%	2.68%	1.87%	5.43%	5.83%	3.10%	3.09%	4.35%	4.06%	-	1.44%
Tax Burden Percent	75.71%	77.29%	85.04%	76.83%	76.56%	80.69%	76.80%	73.65%	113.15%	-	72.66%
Interest Burden Percent	117.82%	116.04%	107.80%	101.89%	104.86%	96.69%	112.05%	115.55%	101.39%	-	96.83%
Effective Tax Rate	25.13%	23.62%	18.17%	24.12%	24.32%	21.11%	23.20%	26.35%	22.05%	-	27.34%
Return on Invested Capital (ROIC)	7.79%	4.54%	3.32%	9.23%	9.95%	4.13%	3.31%	4.37%	3.28%	-	2.15%
ROIC Less NNEP Spread (ROIC-NNEP)	9.52%	5.70%	3.56%	9.38%	10.29%	4.10%	3.60%	4.84%	4.42%	-	2.09%
Return on Net Nonoperating Assets (RNNOA)	3.08%	2.40%	1.57%	5.74%	5.38%	2.38%	2.11%	3.27%	2.64%	-	1.21%
Return on Equity (ROE)	10.86%	6.95%	4.89%	14.98%	15.33%	6.51%	5.42%	7.63%	5.92%	-	3.36%
Cash Return on Invested Capital (CROIC)	-23.49%	-31.67%	-32.38%	-12.85%	-5.04%	5.17%	5.61%	7.41%	-0.57%	-	2.60%
Operating Return on Assets (OROA)	6.46%	3.77%	2.66%	8.40%	8.69%	3.57%	3.03%	4.15%	2.83%	-	1.99%
Return on Assets (ROA)	5.76%	3.38%	2.44%	6.58%	6.98%	2.78%	2.60%	3.53%	3.24%	-	1.40%
Return on Common Equity (ROCE)	10.86%	6.95%	4.89%	14.98%	15.33%	6.51%	5.42%	7.63%	5.92%	-	3.36%
Return on Equity Simple (ROE_SIMPLE)	13.69%	0.00%	10.45%	10.13%	9.73%	0.00%	8.68%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	11	11	3.55	12	12	6.79	5.86	8.52	6.18	-17	4.56
NOPAT Margin	5.23%	2.28%	1.67%	5.26%	5.50%	3.13%	2.76%	3.77%	2.76%	-	1.49%
Net Nonoperating Expense Percent (NNEP)	-1.74%	-1.15%	-0.25%	-0.15%	-0.35%	0.03%	-0.28%	-0.47%	-1.14%	-	0.06%
Return On Investment Capital (ROIC_SIMPLE)	-	1.64%	-	-	-	0.97%	0.85%	1.22%	0.88%	-2.36%	0.68%
Cost of Revenue to Revenue	63.45%	27.32%	61.92%	60.28%	62.37%	61.39%	62.63%	60.66%	62.17%	-	73.83%
SG&A Expenses to Revenue	5.43%	2.36%	9.82%	6.44%	5.34%	8.67%	6.40%	6.48%	7.09%	-	4.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	29.56%	69.69%	36.03%	32.79%	30.37%	34.65%	33.78%	34.22%	34.29%	-	24.12%
Earnings before Interest and Taxes (EBIT)	15	14	4.34	16	16	8.61	7.63	12	7.93	-24	6.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	33	25	38	37	31	29	35	31	0.68	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.46	1.47	1.54	1.61	1.64	1.33	1.54	1.28	-	1.67
Price to Tangible Book Value (P/TBV)	2.57	2.59	2.61	2.63	2.68	2.67	2.21	2.65	2.16	-	3.03
Price to Revenue (P/Rev)	0.74	0.54	0.54	0.57	0.61	0.82	0.73	0.79	0.67	-	0.70
Price to Earnings (P/E)	10.43	10.70	14.07	15.22	16.57	20.00	15.31	17.71	16.82	-	133.64
Dividend Yield	0.94%	1.93%	0.95%	0.89%	0.83%	1.61%	1.06%	1.04%	1.22%	-	1.03%
Earnings Yield	9.59%	9.35%	7.11%	6.57%	6.03%	5.00%	6.53%	5.65%	5.94%	-	0.75%
Enterprise Value to Invested Capital (EV/IC)	1.28	1.28	1.28	1.32	1.40	1.42	1.21	1.32	1.17	-	1.41
Enterprise Value to Revenue (EV/Rev)	1.00	0.77	0.77	0.82	0.82	1.08	1.02	1.13	1.01	-	0.96
Enterprise Value to EBITDA (EV/EBITDA)	6.19	6.61	7.05	7.21	6.97	7.19	6.10	6.95	6.54	-	9.71
Enterprise Value to EBIT (EV/EBIT)	13.71	14.47	18.89	18.86	18.39	21.10	17.18	20.89	22.99	-	588.39
Enterprise Value to NOPAT (EV/NOPAT)	17.94	19.14	24.35	24.75	24.05	27.42	17.18	20.89	22.99	-	811.86
Enterprise Value to Operating Cash Flow (EV/OCF)	8.34	10.03	8.66	7.98	6.98	7.69	6.55	7.33	7.47	-	7.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	27.47	21.83	17.72	0.00	-	53.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.65	0.65	0.68	0.62	0.60	0.56	0.67	0.67	-	0.66
Long-Term Debt to Equity	0.40	0.50	0.47	0.48	0.45	0.43	0.42	0.52	0.49	-	0.49
Financial Leverage	0.32	0.42	0.44	0.61	0.52	0.58	0.59	0.67	0.60	-	0.58
Leverage Ratio	2.13	2.24	2.19	2.33	2.30	2.32	2.26	2.40	2.38	-	2.35
Compound Leverage Factor	2.51	2.60	2.37	2.38	2.42	2.24	2.53	2.77	2.41	-	2.27
Debt to Total Capital	34.27%	39.43%	39.33%	40.48%	38.18%	37.38%	35.79%	40.15%	39.98%	-	39.58%
Short-Term Debt to Total Capital	7.72%	9.07%	10.55%	11.68%	10.61%	10.65%	8.96%	9.04%	10.74%	-	9.72%
Long-Term Debt to Total Capital	26.55%	30.36%	28.78%	28.80%	27.57%	26.73%	26.83%	31.10%	29.25%	-	29.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	65.73%	60.57%	60.67%	59.52%	61.82%	62.62%	64.21%	59.85%	60.02%	-	60.42%
Debt to EBITDA	1.67	2.04	2.16	2.21	2.00	1.99	1.83	2.11	2.25	-	2.77
Net Debt to EBITDA	1.61	2.02	2.14	2.20	1.74	1.72	1.74	2.11	2.22	-	2.65
Long-Term Debt to EBITDA	1.29	1.57	1.58	1.57	1.45	1.43	1.37	1.64	1.64	-	2.09
Debt to NOPAT	4.85	5.90	7.48	7.59	6.91	7.60	5.15	6.35	7.90	-	231.38
Net Debt to NOPAT	4.67	5.85	7.39	7.55	6.00	6.56	4.91	6.35	7.83	-	221.63
Long-Term Debt to NOPAT	3.75	4.55	5.47	5.40	4.99	5.43	3.86	4.92	5.78	-	174.55
Altman Z-Score	2.21	2.42	2.44	2.43	2.49	2.11	1.94	1.91	1.77	-	2.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.09	1.04	1.08	1.10	1.18	1.09	1.09	1.01	-	1.04
Quick Ratio	0.94	0.85	0.85	0.78	0.87	0.98	0.93	0.85	0.80	-	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-151	-209	-213	-109	-58	6.73	-4.38	16	-33	-60	21
Operating Cash Flow to CapEx	175.79%	35.14%	55.98%	52.28%	324.06%	652.74%	103.70%	75.89%	116.25%	-	0.00%
Free Cash Flow to Firm to Interest Expense	-57.39	-85.88	-63.92	-28.56	-18.09	2.08	-1.53	6.64	-9.65	-	5.38
Operating Cash Flow to Interest Expense	15.40	13.08	6.50	5.90	17.75	6.78	8.69	8.87	11.93	-	7.45
Operating Cash Flow Less CapEx to Interest Expense	6.64	-24.14	-5.11	-5.38	12.27	5.74	0.31	-2.82	1.67	-	13.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	1.26	1.30	1.21	1.20	0.90	0.84	0.81	0.80	-	0.97
Accounts Receivable Turnover	5.32	8.42	8.36	7.84	7.86	6.17	5.69	5.46	5.70	-	6.55
Inventory Turnover	108.50	127.64	190.57	165.77	147.35	102.76	101.88	98.74	88.57	-	100.93
Fixed Asset Turnover	1.87	2.39	2.49	2.35	2.32	1.69	1.58	1.54	1.51	-	1.99
Accounts Payable Turnover	13.78	15.92	26.84	24.67	24.55	16.57	17.04	16.31	16.89	-	15.54
Days Sales Outstanding (DSO)	68.67	43.37	43.69	46.57	46.42	59.12	64.14	66.82	64.09	-	55.70
Days Inventory Outstanding (DIO)	3.36	2.86	1.92	2.20	2.48	3.55	3.58	3.70	4.12	-	3.62
Days Payable Outstanding (DPO)	26.49	22.92	13.60	14.80	14.87	22.03	21.42	22.38	21.61	-	23.49
Cash Conversion Cycle (CCC)	45.54	23.31	32.00	33.98	34.03	40.64	46.31	48.14	46.60	-	35.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	593	665	669	704	664	665	680	696	703	712	663
Invested Capital Turnover	1.49	1.99	1.98	1.76	1.81	1.32	1.20	1.16	1.19	-	1.45
Increase / (Decrease) in Invested Capital	163	220	217	120	70	0.07	10	-7.88	40	44	-16
Enterprise Value (EV)	761	851	860	930	927	944	825	920	822	-	937
Market Capitalization	562	591	599	646	696	718	589	640	542	-	681
Book Value per Share	$30.43	$31.16	$31.12	$31.98	$32.77	$33.26	$16.71	$15.70	$16.94	$16.13	$16.25
Tangible Book Value per Share	$16.91	$17.62	$17.55	$18.72	$19.75	$20.43	$10.04	$9.10	$10.04	$8.70	$8.95
Total Capital	599	666	671	705	698	700	691	697	706	717	675
Total Debt	205	263	264	285	267	262	247	280	282	313	267
Total Long-Term Debt	159	202	193	203	192	187	185	217	206	236	201
Net Debt	198	260	261	284	231	226	236	279	280	308	256
Capital Expenditures (CapEx)	23	91	39	43	18	3.36	24	29	36	24	-24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	70	74	75	95	59	72	66	80	75	95	63
Debt-free Net Working Capital (DFNWC)	77	76	78	96	94	107	77	80	78	100	75
Net Working Capital (NWC)	31	16	7.04	14	20	33	15	17	2.13	23	8.96
Net Nonoperating Expense (NNE)	-2.17	-1.90	-0.43	-0.37	-0.75	0.07	-0.71	-1.32	-2.91	1.33	0.14
Net Nonoperating Obligations (NNO)	199	262	262	285	232	227	236	279	280	308	256
Total Depreciation and Amortization (D&A)	18	18	21	22	21	22	22	23	23	25	24
Debt-free, Cash-free Net Working Capital to Revenue	9.19%	6.68%	6.74%	8.42%	5.19%	8.15%	8.16%	9.79%	9.26%	-	6.51%
Debt-free Net Working Capital to Revenue	10.16%	6.89%	7.01%	8.53%	8.28%	12.21%	9.54%	9.81%	9.59%	-	7.66%
Net Working Capital to Revenue	4.09%	1.42%	0.63%	1.25%	1.77%	3.71%	1.91%	2.05%	0.26%	-	0.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.04	$0.25	$0.30	$0.93	$0.99	$0.13	$0.25	$0.38	$0.36	($0.71)	$0.18
Adjusted Weighted Average Basic Shares Outstanding	12.95M	52.19M	13.09M	13.15M	13.18M	52.61M	26.54M	26.04M	25.03M	25.65M	25.08M
Adjusted Diluted Earnings per Share	$0.99	$0.25	$0.29	$0.88	$0.94	$0.13	$0.24	$0.36	$0.35	($0.71)	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	13.68M	55.34M	13.80M	13.83M	13.90M	55.43M	27.88M	27.23M	26.30M	26.91M	26.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.25	$0.00	$0.00	$0.00	$0.13	$0.00	$0.00	$0.00	($0.71)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.95M	26.14M	13.11M	13.17M	13.18M	53.10M	26.56M	25.02M	25.05M	25.08M	25.17M
Normalized Net Operating Profit after Tax (NOPAT)	11	11	4.12	12	12	6.70	6.11	8.73	5.80	-17	4.81
Normalized NOPAT Margin	5.02%	2.25%	1.94%	5.54%	5.57%	3.09%	2.87%	3.86%	2.59%	-	1.57%
Pre Tax Income Margin	8.23%	3.47%	2.20%	7.06%	7.62%	3.84%	4.02%	5.91%	3.59%	-	1.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.74	5.85	1.30	4.10	5.07	2.66	2.67	4.68	2.29	-	1.62
NOPAT to Interest Expense	4.30	4.47	1.06	3.11	3.83	2.10	2.05	3.45	1.78	-	1.17
EBIT Less CapEx to Interest Expense	-3.02	-31.36	-10.32	-7.18	-0.41	1.62	-5.71	-7.01	-7.97	-	7.86
NOPAT Less CapEx to Interest Expense	-4.46	-32.74	-10.55	-8.17	-1.64	1.06	-6.33	-8.24	-8.48	-	7.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.08%	10.47%	13.53%	13.57%	13.76%	16.14%	16.13%	18.14%	21.30%	-	138.54%
Augmented Payout Ratio	82.99%	56.51%	24.39%	13.44%	13.62%	16.14%	16.13%	116.50%	134.84%	-	138.54%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused takeaway on Covenant Logistics Group (NYSE: CVLG) using the latest quarterly data across cash flow, income, and balance sheets from the last four years. The highlights focus on cash generation, profitability, asset growth, and leverage dynamics observed in 2025, with context from prior periods where relevant.

Operating cash flow remained positive in all 2025 quarters, with CFO (Net Cash From Continuing Operating Activities) ranging from about $21.9m (Q2 2025) to $41.4m (Q3 2025) and $25.5m in Q4 2025, signaling ongoing cash generation from core operations.
Net income to common shareholders was positive in most 2025 quarters (Q1: ~$6.6m, Q2: ~$9.8m, Q3: ~$9.1m), indicating improving profitability prior to the Q4 swing to a loss.
Plant, Property & Equipment net increased to roughly $542m by Q3 2025, reflecting ongoing capex and asset base growth (PPE net: Q3 2025 ≈ $542.1m; Q2 2025 ≈ $523.4m; Q1 2025 ≈ $521.9m).
Net financing activity was positive in late-2025 quarters, driven by debt issuance and related financing, with roughly $27.6m of net financing cash flow in both Q3 2025 and Q4 2025, helping support capex and working capital needs amid positive operating cash flow.
Top-line stability in 2025—revenue generally hovered in the $210m–$226m range (Q1 2025 ≈ $212.6m, Q2 ≈ $226.1m, Q3 ≈ $224.0m, Q4 ≈ $215.2m), indicating a stable but mature revenue base.
Dividend policy remains steady with cash dividends per share at $0.07, providing a predictable return mechanism even as earnings swing quarter to quarter.
Near-term liquidity is relatively tight with cash on hand (cash & equivalents) around a few million dollars in mid-2025 (e.g., Q3 2025 ≈ $2.69m), suggesting sensitivity to cash needs if operating performance deteriorates or capex accelerates.
Q4 2025 pivot to a net loss with net income attributable to common shareholders of about -$18.3m and basic/diluted EPS of -$0.71, marking a clear profitability setback for the quarter.
Q4 2025 operating profitability declined as Total Operating Income was negative at approximately -$24.38m, despite positive revenue, pointing to higher operating costs or non-cash adjustments in that quarter.
Leverage remains a consideration—by Q3 2025, Total Liabilities were about $601.5m and Total Equity around $423.7m, implying a debt-and-liabilities profile that may constrain balance sheet flexibility if profitability deteriorates or financing conditions tighten.

05/14/26 02:39 PM ETAI Generated. May Contain Errors.

Covenant Logistics Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Covenant Logistics Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Covenant Logistics Group's net income appears to be on an upward trend, with a most recent value of $7.24 million in 2025, falling from $42.09 million in 2015. The previous period was $35.92 million in 2024. Check out Covenant Logistics Group's forecast to explore projected trends and price targets.

Covenant Logistics Group's total operating income in 2025 was $2.94 million, based on the following breakdown:

Total Gross Profit: $332.23 million
Total Operating Expenses: $329.29 million

Over the last 10 years, Covenant Logistics Group's total revenue changed from $605.66 million in 2015 to $877.76 million in 2025, a change of 44.9%.

Covenant Logistics Group's total liabilities were at $641.55 million at the end of 2025, a 14.7% increase from 2024, and a 44.3% increase since 2015.

In the past 10 years, Covenant Logistics Group's cash and equivalents has ranged from $2.29 million in 2023 to $68.67 million in 2022, and is currently $4.95 million as of their latest financial filing in 2025.

Over the last 10 years, Covenant Logistics Group's book value per share changed from 11.19 in 2015 to 16.13 in 2025, a change of 44.2%.

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Financial statements for NYSE:CVLG last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Covenant Logistics Group (CVLG) Financials

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Covenant Logistics Group (CVLG) Financials

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Quarterly Metrics And Ratios for Covenant Logistics Group

Financials Breakdown Chart

Key Financial Trends

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