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Financials · CVLG

Covenant Logistics Group Inc. (CVLG) financials

For the twelve months ended Sep 30, 2026, Covenant Logistics Group Inc. reported $1.29B of revenue and $5.40M of net income.

Revenue, TTM
$1.29B
Revenue growth, YoY
+12.5%
Net income, TTM
$5.40M
Net income growth, YoY
-83.2%
Net margin
0.4%
Free cash flow, TTM
-$37.17M
EPS, diluted, TTM
$0.21
EPS growth, YoY
-82.5%
Cash
$3.74M
Total debt
$284.60M
P/E
148.22
P/S
0.62
Market cap
$800.7M
Annual revenue$1.16B
FY2016FY2025
Annual net income$7.24M
FY2016FY2025
Annual free cash flow-$33.92M
FY2016FY2025

CVLG revenue and earnings growth

CVLG revenueQ3 2026$353.89M

Quarter YoY
+19.2%
QoQ
+6.3%
FY YoY
+2.9%
5Y CAGR
+6.8%
10Y CAGR
+4.9%

CVLG revenue was $353.89M in fiscal Q3 2026 (ended Sep 30, 2026), up 19.2% from a year earlier and up 6.3% from the prior quarter. For the full fiscal 2025 it was $1.16B, up 2.9% from fiscal 2024. Compound annual growth was +6.8% over 5 years and +4.9% over 10 years. It rose in 7 of the last 10 fiscal years.

CVLG net incomeQ3 2026$10.70M

Quarter YoY
+17.7%
QoQ
+25.4%
FY YoY
-79.8%
10Y CAGR
-16.1%

CVLG net income was $10.70M in fiscal Q3 2026 (ended Sep 30, 2026), up 17.7% from a year earlier and up 25.4% from the prior quarter. For the full fiscal 2025 it was $7.24M, down 79.8% from fiscal 2024. Compound annual growth was -16.1% over 10 years. It rose in 1 of the last 4 fiscal years.

CVLG EPSQ3 2026$0.40

Quarter YoY
+14.3%
QoQ
+25.0%
FY YoY
-79.2%
10Y CAGR
-13.5%

CVLG diluted EPS was $0.40 in fiscal Q3 2026 (ended Sep 30, 2026), up 14.3% from a year earlier and up 25.0% from the prior quarter. For the full fiscal 2025 it was $0.27, down 79.2% from fiscal 2024. Compound annual growth was -13.5% over 10 years.

CVLG free cash flowQ3 2026-$7.13M

CVLG free cash flow was -$7.13M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$7.82M a year earlier. For the full fiscal 2025 it was -$33.92M, compared with -$30.07M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.16B$1.13B$1.10B$1.22B$1.05B$838.56M$885.39M$880.42M$705.01M$670.65M
Operating income$2.94M$44.76M$58.82M$120.68M$67.16M-$14.03M$8.77M$55.42M$28.16M$32.45M
Pre-tax income$5.59M$45.90M$72.24M$142.79M$79.15M-$16.92M$7.57M$55.80M$23.30M$27.22M
Income tax$1.18M$10.58M$17.61M$34.86M$20.96M-$2.80M$2.35M$14.94M-$32.14M$10.39M
Net income$7.24M$35.92M$55.23M$108.68M$60.73M-$42.72M$8.48M$42.50M$55.44M$16.84M
EPS, basic$0.28$1.37$2.12$3.62$1.80-$1.23$0.23$1.16$1.51$0.47
EPS, diluted$0.27$1.30$2.00$3.50$1.78-$1.23$0.23$1.15$1.51$0.46
Diluted shares26.9M27.7M27.7M31.0M34.0M34.7M37.3M36.9M36.7M36.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$4.95M$35.62M$2.29M$68.67M$8.41M$8.41M$43.59M$23.13M$15.36M$7.75M
Receivables$151.80M$141.63M$142.50M$119.77M$142.36M$91.30M$81.21M$151.09M$104.15M$96.64M
Current assets$232.82M$213.85M$185.94M$222.66M$188.53M$147.80M$254.38M$211.64M$162.31M$134.96M
Goodwill$80.48M$78.94M$75.75M$58.22M$42.52M$42.52M$42.52M$41.60M$0$0
Total assets$1.05B$997.57M$954.44M$796.64M$651.66M$676.72M$881.64M$773.52M$649.67M$620.54M
Current liabilities$209.98M$181.28M$170.29M$156.12M$142.75M$133.38M$161.26M$127.33M$81.22M$87.78M
Short-term debt$64.00M$64.21M$47.65M$18.90M$5.72M$7.58M$54.38M$28.71M$24.60M$24.95M
Long-term debt$234.05M$187.09M$196.89M$90.37M$20.35M$47.89M$200.18M$166.63M$164.47M$168.68M
Total debt$298.05M$251.29M$244.54M$109.26M$26.07M$55.47M$254.55M$195.34M$189.06M$193.62M
Total liabilities$641.55M$559.23M$551.02M$419.52M$301.96M$386.07M$531.53M$430.38M$354.47M$384.12M
Shareholders' equity$404.00M$438.34M$403.42M$377.13M$349.70M$290.64M$350.11M$343.14M$295.20M$236.41M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$113.65M$122.89M$84.84M$159.23M$73.22M$63.04M$64.03M$124.80M$82.85M$102.43M
Capital expenditures$147.57M$152.96M$217.61M$100.47M$35.28M$94.05M$138.27M$75.14M$110.80M$112.79M
Free cash flow-$33.92M-$30.07M-$132.77M$58.76M$37.93M-$31.01M-$74.24M$49.66M-$27.95M-$10.36M
Investing cash flow-$140.06M-$107.67M-$235.92M-$86.21M$10.34M$138.05M-$93.03M-$120.90M-$62.05M-$47.29M
Financing cash flow-$4.26M$18.11M$84.71M-$12.77M-$83.56M-$236.27M$49.46M$3.87M-$13.19M-$51.88M
Dividends paid$7.16M$5.80M$5.78M$4.29M$0-----
Share repurchases$36.57M$0$25.43M$84.72M$10.35M$17.49M$0$0--
Stock-based compensation$3.57M$3.69M$7.10M$6.59M$9.06M----$1.18M
Depreciation and amortization$92.73M$86.53M$69.94M$57.51M$53.88M$65.47M$80.50M$75.84M$72.42M$71.65M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY2.9%2.5%-9.3%16.3%24.7%-5.3%0.6%24.9%5.1%-7.4%
Net income growth, YoY-79.8%-35.0%-49.2%79.0%---80.1%-23.3%229.3%-60.0%
EPS growth, YoY-79.2%-35.0%-42.9%96.1%---80.4%-23.8%228.3%-60.0%
Operating margin0.3%4.0%5.3%9.9%6.4%-1.7%1.0%6.3%4.0%4.8%
Net margin0.6%3.2%5.0%8.9%5.8%-5.1%1.0%4.8%7.9%2.5%
Free cash flow margin-2.9%-2.7%-12.0%4.8%3.6%-3.7%-8.4%5.6%-4.0%-1.5%
Return on equity1.8%8.2%13.7%28.8%17.4%-14.7%2.4%12.4%18.8%7.1%
Return on assets0.7%3.6%5.8%13.6%9.3%-6.3%1.0%5.5%8.5%2.7%
Current ratio1.111.181.091.431.321.111.581.662.001.54
Debt to equity0.740.570.610.290.070.190.730.570.640.82

Source: XBRL data Covenant Logistics Group Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Feb 28, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CVLG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CVLG$1.29B+12.5%$5.40M0.4%$800.7M
UPS$91.37B+2.1%$4.42B4.8%$92.21B
ODFL$5.79B+3.8%$1.16B20.1%$33.98B
JBHT$13.33B+10.6%$676.07M5.1%$20.28B
ZTOCN¥49.10B+10.9%CN¥9.08B18.5%$16.01B
KNX$8.00B+7.0%$153.34M1.9%$9.51B
SAIA$3.54B+9.3%$283.09M8.0%$8.86B
TFII$7.88B-6.1%$310.55M3.9%$7.80B
SNDR$5.95B+6.0%$141.70M2.4%$4.88B

CVLG FAQ

8 questions
  • What is CVLG revenue?
    Covenant Logistics Group Inc. (CVLG) reported $1.29B of revenue for the twelve months ended Sep 30, 2026. That is up 12.5% from the year before. Revenue for fiscal 2025 was $1.16B.
  • Is CVLG profitable?
    Yes. Covenant Logistics Group Inc. earned $5.40M in net income for the twelve months ended Sep 30, 2026, a net margin of 0.4%.
  • How much cash and debt does CVLG have?
    Covenant Logistics Group Inc. reported $3.74M in cash and cash equivalents and $284.60M of debt on its most recent balance sheet in SEC filings.
  • How fast is CVLG revenue growing?
    Covenant Logistics Group Inc.'s revenue changed +2.9% in fiscal 2025, to $1.16B. Its compound annual growth rate was +6.8% over 5 years and +4.9% over 10 years.
  • What is CVLG free cash flow?
    Covenant Logistics Group Inc. generated -$37.17M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $70.40M less capital expenditures.
  • What is CVLG earnings per share?
    Diluted earnings per share were $0.21 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CVLG last report financial results?
    The latest statements here come from Covenant Logistics Group Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this CVLG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Covenant Logistics Group Inc. files with the SEC. It is provided for information only and is not investment advice.