Covenant Logistics Group, Inc. (CVLG)

Covenant Logistics Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,040	1,014	970.51	1,046	949.91	776.22
Other Revenue	106.69	117.54	133.06	170.46	96.09	62.34
Revenue	1,146	1,131	1,104	1,217	1,046	838.56
Revenue Growth (YoY)	1.62%	2.53%	-9.31%	16.33%	24.74%	-5.29%
Cost of Revenue	882.57	860.71	874.44	978.75	849.4	669.44
Gross Profit	263.86	270.77	229.13	238.11	196.6	169.12
Selling, General & Admin	115.68	109.41	96.57	88.31	68.46	87.2
Other Operating Expenses	13.41	11.95	13.41	11.93	10.9	11.62
Operating Expenses	219.03	207.89	179.92	157.75	133.24	164.29
Operating Income	44.83	62.88	49.22	80.36	63.36	4.84
Interest Expense	-12.03	-13.58	-7.97	-3.08	-2.79	-6.84
Earnings From Equity Investments	14.57	14.71	21.38	25.19	14.78	3.94
EBT Excluding Unusual Items	47.38	64.02	62.63	102.47	75.35	1.94
Merger & Restructuring Charges	-	-	-	-	-	-26.57
Gain (Loss) on Sale of Assets	-0.02	-1.63	12.59	40.32	3.8	7.71
Other Unusual Items	-9.09	-16.49	-2.98	-	-	-
Pretax Income	38.27	45.9	72.24	142.79	79.15	-16.92
Income Tax Expense	9.04	10.58	17.61	34.86	20.96	-2.8
Earnings From Continuing Operations	29.24	35.32	54.63	107.93	58.19	-14.12
Earnings From Discontinued Operations	2.98	0.6	0.6	0.75	2.54	-28.6
Net Income	32.22	35.92	55.23	108.68	60.73	-42.72
Net Income to Common	32.22	35.92	55.23	108.68	60.73	-42.72
Net Income Growth	-23.29%	-34.96%	-49.18%	78.96%	-	-
Shares Outstanding (Basic)	26	26	26	30	34	35
Shares Outstanding (Diluted)	27	28	28	31	34	35
Shares Change (YoY)	-1.65%	0.17%	-10.89%	-8.79%	-1.95%	-6.85%
EPS (Basic)	1.24	1.37	2.12	3.62	1.81	-1.23
EPS (Diluted)	1.18	1.30	1.99	3.50	1.78	-1.23
EPS Growth	-21.64%	-34.65%	-43.16%	96.35%	-	-
Free Cash Flow	-30.48	-30.07	-132.77	58.76	37.93	-31.01
Free Cash Flow Per Share	-1.11	-1.08	-4.80	1.89	1.11	-0.89
Dividend Per Share	0.265	0.220	0.220	0.142	-	-
Dividend Growth	20.46%	-	54.39%	-	-	-
Gross Margin	23.02%	23.93%	20.76%	19.57%	18.80%	20.17%
Operating Margin	3.91%	5.56%	4.46%	6.60%	6.06%	0.58%
Profit Margin	2.81%	3.17%	5.00%	8.93%	5.81%	-5.09%
Free Cash Flow Margin	-2.66%	-2.66%	-12.03%	4.83%	3.63%	-3.70%
EBITDA	134.77	149.41	119.16	137.87	117.24	70.32
EBITDA Margin	11.76%	13.21%	10.80%	11.33%	11.21%	8.38%
D&A For EBITDA	89.94	86.53	69.94	57.51	53.88	65.48
EBIT	44.83	62.88	49.22	80.36	63.36	4.84
EBIT Margin	3.91%	5.56%	4.46%	6.60%	6.06%	0.58%
Effective Tax Rate	23.61%	23.04%	24.38%	24.41%	26.48%	-
Revenue as Reported	1,146	1,131	1,104	1,217	1,046	838.56

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q