Covenant Logistics Group, Inc. (CVLG)

Covenant Logistics Group Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,232	1,164	1,131	1,104	1,217	1,046
Revenue Growth	8.34%	2.92%	2.53%	-9.31%	16.33%	24.74%
Gross Profit Gross Profit Growth	249.64	256.28	270.77	229.13	238.11	196.6
Operating Income Operating Income Growth	18.49	23.31	62.88	46.24	80.36	63.36
Net Income Net Income Growth	3.79	7.24	35.92	55.23	108.68	60.73
Earnings Per Share EPS Growth	0.14	0.27	1.30	1.99	3.50	1.78
EPS Growth	-89.69%	-79.63%	-34.65%	-43.16%	96.35%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Managed Freight Managed Freight Growth	343.32	287.44	248.94	258.9	320.99	321.24
Dedicated Dedicated Growth	423.08	403.18	364.41	320.29	363	324.54
Warehousing Warehousing Growth	105.21	100.56	101.66	100.56	80.16	63.16
Expedited Expedited Growth	359.39	373.29	416.46	423.82	452.71	344.49
Total Total Growth	1,232	1,164	1,131	1,104	1,217	1,046

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	2.62	4.95	35.62	2.29	68.67	8.41
Total Debt Total Debt Growth	324.43	338.7	296.89	293.46	179.63	74.25
Net Cash (Debt) Net Cash Growth	-321.82	-333.75	-261.27	-291.17	-110.96	-65.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-12.19	-12.40	-9.43	-10.52	-3.57	-1.93

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	85.02	113.65	122.89	84.84	159.23	73.22
Capital Expenditures CapEx Growth	-122.88	-147.57	-152.96	-217.61	-100.47	-35.29
Free Cash Flow Free Cash Flow Growth	-37.86	-33.92	-30.07	-132.77	58.76	37.93
Free Cash Flow Growth	-	-	-	-	54.91%	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	20.26%	22.01%	23.93%	20.76%	19.57%	18.80%
Operating Margin	1.50%	2.00%	5.56%	4.19%	6.60%	6.06%
Pretax Margin	0.07%	0.48%	4.06%	6.55%	11.73%	7.57%
Profit Margin	0.31%	0.62%	3.17%	5.00%	8.93%	5.81%
FCF Margin	-3.07%	-2.91%	-2.66%	-12.03%	4.83%	3.63%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Dividend Per Share Dividend Per Share Growth	0.280	0.280	0.220	0.220	0.142
Dividend Per Share Growth	5.66%	27.27%	0%	54.39%	-
Dividend Yield	0.86%	1.28%	0.82%	0.98%	0.86%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	240.11	76.26	20.00	10.79	4.29	7.28
Forward PE	14.75	12.15	11.96	11.16	7.49	7.08
P/FCF Ratio	-	-	-	-	7.94	11.65
PS Ratio	0.68	0.47	0.64	0.54	0.38	0.42

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 25, 2026

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