Covenant Logistics Group, Inc.(CVLG)Earnings, Financials & Key Ratios

CVLG•NASDAQ

$43.68

161.8× P/E·Price updated Jul 6, 2026

SectorIndustrials IndustryTrucking Sub-IndustryTruckload and Specialized Carriers

AboutCovenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.Show more

Revenue$1.16B+2.9%
EBITDA$113M-13.8%
Net Income$7M-79.8%
EPS (Diluted)0.27-79.2%
Gross Margin8.01%-52.2%
EBITDA Margin9.72%-16.2%
Operating Margin1.2%-69.7%
Net Margin0.62%-80.4%
ROE1.72%-79.9%

CVLG Price & Volume

Covenant Logistics Group, Inc. (CVLG) stock price & volume — 10-year historical chart

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Cyclical Margin Volatility Masks Asset Heavy Risks

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Mixed

Profitability:Strained

Financial:Vulnerable

Cash Flow:Mixed

Primary Risk:Thin operating margin volatility

Key Thesis Takeaways

Covenant Logistics Group faces a challenging fundamental outlook characterized by extreme earnings volatility and a razor-thin 1.4% net margin as of 2026Q1.
While the company has demonstrated revenue growth of 14.0% in the most recent quarter, its reliance on an asset-heavy model necessitates massive capital expenditures that frequently overwhelm core cash generation.
Investors should remain cautious regarding the company's ability to maintain liquidity, given the $291.7M debt load and the historical tendency for non-operating items to distort underlying profitability.

Verdict Logic

the company's thin 1.4% net margin and high debt-to-EBITDA ratio of 9.54 as of 2026Q1 suggest significant insolvency risks during periods of freight market contraction.

CVLG Growth Metrics

Covenant Logistics Group, Inc. (CVLG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.86%

5 Years6.79%

3 Years-1.46%

TTM7.15%

Profit CAGR

10 Years-16.14%

5 Years-

3 Years-59.46%

TTM-86.77%

EPS CAGR

10 Years-19.28%

5 Years-

3 Years-57.43%

TTM-89.93%

Return on Capital

10 Years6.16%

5 Years8.3%

3 Years5.16%

Last Year1.64%

CVLG Recent Earnings

Covenant Logistics Group, Inc. (CVLG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

Apr 23, 2026

Metric

Actual

Est

EPS

$0.26-25.7%

$0.35

Rev

$307M+6.6%

$288M

Q1 2026

Jan 29, 2026

Metric

Actual

Est

EPS

$0.73-317.8%

$0.34

Rev

$295M+0.8%

$293M

Q1 2026

Jan 22, 2026

Metric

Actual

Est

EPS

$0.31-8.8%

$0.34

Rev

$295M+0.8%

$293M

Q4 2025

Oct 22, 2025

Metric

Actual

Est

EPS

$0.44-2.2%

$0.45

Rev

$297M+5.1%

$282M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$0.26vs $0.35-25.7%	$307Mvs $288M+6.6%
Q1 2026	Jan 29, 2026	$0.73vs $0.34-317.8%	$295Mvs $293M+0.8%
Q1 2026	Jan 22, 2026	$0.31vs $0.34-8.8%	$295Mvs $293M+0.8%
Q4 2025	Oct 22, 2025	$0.44vs $0.45-2.2%	$297Mvs $282M+5.1%

Based on last 12 quarters of dataView full earnings history →

Latest CVLG News

Recent stock market news and headlines for Covenant Logistics Group, Inc. (CVLG)

GlobeNewsWire·5 days ago

Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call

CHATTANOOGA, Tenn., July 02, 2026 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, July 29, 2026. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 30, 2026, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”

Peers Comparison

Key metrics vs top competitors for Covenant Logistics Group, Inc. (CVLG)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
CVLGCovenant Logistics Group, Inc.Current	$43.68	$1.1B	161.78	2.92%	0.62%	1.72%	0.66%
WERNWerner Enterprises, Inc.	$42.99	$2.58B	-179.13	-1.84%	-0.28%	-0.61%	—
HTLDHeartland Express, Inc.	$14.90	$1.15B	-22.24	-23.08%	-5.69%	-5.66%	—
MRTNMarten Transport, Ltd.	$17.22	$1.4B	82.00	-8.31%	1.68%	1.89%	—
SNDRSchneider National, Inc.	$35.72	$6.26B	60.54	7.25%	1.73%	3.24%	—
KNXKnight-Swift Transportation Holdings Inc.	$74.81	$12.15B	182.46	0.8%	0.45%	0.48%	—

Compare CVLG vs Peers

Covenant Logistics Group, Inc. (CVLG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WERN

Most directly comparable listed peer for CVLG.

Scale Benchmark

vs UBER

Larger-name benchmark to compare CVLG against a more recognizable public peer.

Peer Set

Compare Top 5

vs WERN, HTLD, MRTN, SNDR

CVLG SEC Filings & Documents

Covenant Logistics Group, Inc. (CVLG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 15, 2026·SEC

Material company update

Apr 23, 2026·SEC

Material company update

Feb 10, 2026·SEC

10-K Annual Reports

FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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CVLG Frequently Asked Questions

Covenant Logistics Group, Inc. (CVLG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Covenant Logistics Group, Inc.'s revenue?

Covenant Logistics Group, Inc. (CVLG) reported $1.20B in revenue for fiscal year 2025. This represents a 409% increase from $236.3M in 1996.

How fast is Covenant Logistics Group, Inc. growing?

Covenant Logistics Group, Inc. (CVLG) grew revenue by 2.9% over the past year. Growth has been modest.

Is CVLG profitable?

Yes, Covenant Logistics Group, Inc. (CVLG) is profitable, generating $5.1M in net income for fiscal year 2025 (0.6% net margin).

Dividend & Returns

Does CVLG pay dividends?

Yes, Covenant Logistics Group, Inc. (CVLG) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

What is CVLG's return on equity?

Covenant Logistics Group, Inc. (CVLG) has a return on equity (ROE) of 1.7%. This is below average, suggesting room for improvement.

What is Covenant Logistics Group, Inc.'s free cash flow?

Covenant Logistics Group, Inc. (CVLG) generated $139.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CVLG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 23, 2026

$0.26vs $0.35-25.7%

$307Mvs $288M+6.6%

Q1 2026

Jan 29, 2026

$0.73vs $0.34-317.8%

$295Mvs $293M+0.8%

Q1 2026

Jan 22, 2026

$0.31vs $0.34-8.8%

$295Mvs $293M+0.8%

Q4 2025

Oct 22, 2025

$0.44vs $0.45-2.2%

$297Mvs $282M+5.1%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

CVLGCovenant Logistics Group, Inc.Current

$43.68

$1.1B

161.78

2.92%

0.62%

1.72%

0.66%

WERNWerner Enterprises, Inc.

$42.99

$2.58B

-179.13

-1.84%

-0.28%

-0.61%

—

HTLDHeartland Express, Inc.

$14.90

$1.15B

-22.24

-23.08%

-5.69%

-5.66%

—

MRTNMarten Transport, Ltd.

$17.22

$1.4B

82.00

-8.31%

1.68%

1.89%

—

SNDRSchneider National, Inc.

$35.72

$6.26B

60.54

7.25%

1.73%

3.24%

—

KNXKnight-Swift Transportation Holdings Inc.

$74.81

$12.15B

182.46

0.8%

0.45%

0.48%

—