Covenant Logistics Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,059	1,014	970.51	1,046	949.91
Other Revenue	105.24	117.54	133.06	170.46	96.09
Revenue	1,164	1,131	1,104	1,217	1,046
Revenue Growth (YoY)	2.92%	2.53%	-9.31%	16.33%	24.74%
Cost of Revenue	908.19	860.71	874.44	978.75	849.4
Gross Profit	256.28	270.77	229.13	238.11	196.6
Selling, General & Admin	129.31	109.41	96.57	88.31	68.46
Other Operating Expenses	13.78	11.95	13.41	11.93	10.9
Operating Expenses	242.31	207.89	179.92	157.75	133.24
Operating Income	13.97	62.88	49.22	80.36	63.36
Interest Expense	-12.06	-13.58	-7.97	-3.08	-2.79
Earnings From Equity Investments	14.71	14.71	21.38	25.19	14.78
EBT Excluding Unusual Items	16.63	64.02	62.63	102.47	75.35
Impairment of Goodwill	-10.7	-	-	-	-
Gain (Loss) on Sale of Assets	-0.34	-1.63	12.59	40.32	3.8
Other Unusual Items	-	-16.49	-2.98	-	-
Pretax Income	5.59	45.9	72.24	142.79	79.15
Income Tax Expense	1.18	10.58	17.61	34.86	20.96
Earnings From Continuing Operations	4.41	35.32	54.63	107.93	58.19
Earnings From Discontinued Operations	2.83	0.6	0.6	0.75	2.54
Net Income	7.24	35.92	55.23	108.68	60.73
Net Income to Common	7.24	35.92	55.23	108.68	60.73
Net Income Growth	-79.85%	-34.96%	-49.18%	78.96%	-
Shares Outstanding (Basic)	26	26	26	30	34
Shares Outstanding (Diluted)	27	28	28	31	34
Shares Change (YoY)	-2.90%	0.17%	-10.89%	-8.79%	-1.95%
EPS (Basic)	0.28	1.37	2.12	3.62	1.81
EPS (Diluted)	0.27	1.30	1.99	3.50	1.78
EPS Growth	-79.63%	-34.65%	-43.16%	96.35%	-
Free Cash Flow	-	-30.07	-132.77	58.76	37.93
Free Cash Flow Per Share	-	-1.08	-4.80	1.89	1.11
Dividend Per Share	0.280	0.220	0.220	0.142	-
Dividend Growth	27.27%	-	54.39%	-	-
Gross Margin	22.01%	23.93%	20.76%	19.57%	18.80%
Operating Margin	1.20%	5.56%	4.46%	6.60%	6.06%
Profit Margin	0.62%	3.17%	5.00%	8.93%	5.81%
Free Cash Flow Margin	-	-2.66%	-12.03%	4.83%	3.63%
EBITDA	104.46	149.41	119.16	137.87	117.24
EBITDA Margin	8.97%	13.21%	10.80%	11.33%	11.21%
D&A For EBITDA	90.49	86.53	69.94	57.51	53.88
EBIT	13.97	62.88	49.22	80.36	63.36
EBIT Margin	1.20%	5.56%	4.46%	6.60%	6.06%
Effective Tax Rate	21.12%	23.04%	24.38%	24.41%	26.48%
Revenue as Reported	1,164	1,131	1,104	1,217	1,046

Source: S&P Global Market Intelligence. Standard template. Financial Sources.