What is Covenant Logistics Group Inc's earnings per share (EPS)?

Covenant Logistics Group Inc (CVLG) reported diluted earnings per share of $0.27 for fiscal year 2025. This represents a -79.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Covenant Logistics Group Inc (CVLG) Financials

CVLG

Trailing 12 months to June 30, 2026

Revenue $1.2B +8.3% YoY

Net Income $3.8M -89.5% YoY

EPS (Diluted) $0.17 -87.0% YoY

Free Cash Flow -$37.9M -2467.5% YoY

Market Cap $889.5M as of Sep 5, 2026

Price / Sales 0.7x on $1.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 235x on $3.8M net income, trailing 12 months to June 30, 2026

Price / Book 2.2x on $412.9M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CVLG SEC filings page.

Covenant Logistics Group Inc (CVLG) reported $1.2B in revenue over the twelve months to Jun 30, 2026, up 8.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CVLG FY2025 2026-08-29

Capital intensity now absorbs operating cash while margin compression and higher leverage reshape the company’s financial profile.

Cash conversion is positive before reinvestment but negative afterward: in FY2025, operating cash flow reached $114M while free cash flow was -$34M, as capital expenditures consumed $148M. That pattern, repeated from FY2023, indicates the operating model requires heavy asset spending even when reported operations generate cash.

Revenue recovered to $1.16B in FY2025 from $1.10B in FY2023, yet operating margin fell from 5.3% to 0.3%. The rebound therefore did not translate into proportional earnings, pointing to costs or business mix absorbing the additional volume.

The balance sheet has become less flexible alongside weaker profitability: debt-to-equity increased from 23.9% in FY2022 to 57.9% in FY2025, while the current ratio declined from 1.4 to 1.1. The combination means more financing supports the asset base while short-term liquidity provides a thinner cushion.

Financial Health Signals

Financial Health Score 33/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Covenant Logistics Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Covenant Logistics Group Inc has an operating margin of 0.3%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is down from 4.0% the prior year.

Growth

Covenant Logistics Group Inc's revenue grew a modest 2.9% year-over-year to $1.2B. This slow but positive growth earns a score of 41/100.

Leverage

Covenant Logistics Group Inc has elevated debt relative to equity (D/E of 0.58), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.

Liquidity

Covenant Logistics Group Inc's current ratio of 1.11 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Covenant Logistics Group Inc generated $113.6M in operating cash flow, capex of $147.6M consumed most of it, leaving -$33.9M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Covenant Logistics Group Inc's ROE of 1.8% shows moderate profitability relative to equity, earning a score of 43/100. This is down from 8.2% the prior year.

Altman Z-Score Grey Zone

2.35

Covenant Logistics Group Inc scores 2.35, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/7

Covenant Logistics Group Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

15.70x

For every $1 of reported earnings, Covenant Logistics Group Inc generates $15.70 in operating cash flow ($113.6M OCF vs $7.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

0.24x

Covenant Logistics Group Inc earns $0.24 in operating income for every $1 of interest expense ($2.9M vs $12.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$332.9M

YoY+9.9%

QoQ+8.4%

5Y CAGR+5.4%

10Y CAGR+7.7%

Covenant Logistics Group Inc generated $332.9M in revenue in Q2 2026. This represents an increase of 9.9% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.

EBITDA

$31.7M

YoY-8.7%

QoQ+4.6%

5Y CAGR-0.3%

Covenant Logistics Group Inc's EBITDA was $31.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.7% from the same quarter a year earlier. Against the prior quarter it is up 4.6%.

Net Income

$8.5M

YoY-13.3%

QoQ+93.1%

5Y CAGR-11.2%

10Y CAGR+8.9%

Covenant Logistics Group Inc reported $8.5M in net income in Q2 2026. This represents a decrease of 13.3% from the same quarter a year earlier. Against the prior quarter it is up 93.1%.

EPS (Diluted)

$0.32

YoY-11.1%

QoQ+88.2%

5Y CAGR-18.9%

10Y CAGR+4.8%

Covenant Logistics Group Inc earned $0.32 per diluted share (EPS) in Q2 2026. This represents a decrease of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 88.2%.

Cash & Balance Sheet

Free Cash Flow

-$44.7M

YoY-207.3%

QoQ-353.8%

Covenant Logistics Group Inc recorded an outflow of $44.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 207.3% from the same quarter a year earlier. Against the prior quarter it is down 353.8%.

Cash & Debt

$2.6M

YoY+1728.7%

QoQ-76.7%

5Y CAGR-12.0%

10Y CAGR-11.0%

Covenant Logistics Group Inc held $2.6M in cash against $224.7M in long-term debt as of Q2 2026.

Dividends Per Share

$0.07

YoY0.0%

QoQ0.0%

Covenant Logistics Group Inc paid $0.07 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

Diluted avg 27M

Covenant Logistics Group Inc had a weighted average of 27M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Margins & Returns

Operating Margin

2.7%

YoY-1.2pp

QoQ+0.6pp

5Y CAGR-4.5pp

10Y CAGR-2.0pp

Covenant Logistics Group Inc's operating margin was 2.7% in Q2 2026, reflecting core business profitability. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Net Margin

2.6%

YoY-0.7pp

QoQ+1.1pp

5Y CAGR-3.5pp

10Y CAGR+0.3pp

Covenant Logistics Group Inc's net profit margin was 2.6% in Q2 2026, showing the share of revenue converted to profit. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

2.1%

YoY-0.3pp

QoQ+1.0pp

5Y CAGR-2.9pp

10Y CAGR+0.4pp

Covenant Logistics Group Inc's ROE was 2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$33.8M

YoY-7.2%

QoQ+197.3%

5Y CAGR+27.4%

10Y CAGR-2.4%

Covenant Logistics Group Inc invested $33.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 7.2% from the same quarter a year earlier. Against the prior quarter it is up 197.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

CVLG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CVLG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.2B	$1.2B+2.9%	$1.1B+2.5%	$1.1B-9.3%	$1.2B+16.3%	$1.0B+24.7%	$838.6M-5.3%	$885.4M+0.6%	$880.4M+24.9%	$705.0M+5.1%	$670.7M-7.4%	$724.2M+0.7%	$719.0M+5.0%	$684.5M+1.5%	$674.3M+3.3%	$652.6M
SG&A Expenses	$438.5M	$433.2M+2.3%	$423.3M+5.7%	$400.5M-0.4%	$402.3M+14.9%	$350.2M+11.2%	$315.0M-1.7%	$320.5M+5.6%	$303.4M+25.5%	$241.8M+3.1%	$234.5M-4.2%	$244.8M+5.6%	$231.8M+5.9%	$218.9M+0.9%	$217.1M+2.8%	$211.2M
Operating Income	-$1.1M	$2.9M-93.4%	$44.8M-23.9%	$58.8M-51.3%	$120.7M+79.7%	$67.2M+578.8%	-$14.0M-260.0%	$8.8M-84.2%	$55.4M+96.8%	$28.2M-13.2%	$32.4M-52.1%	$67.8M+71.0%	$39.6M+94.4%	$20.4M-12.1%	$23.2M+2287.5%	-$1.1M
EBITDA	N/A	$95.7M-27.1%	$131.3M+2.0%	$128.8M-27.7%	$178.2M+47.2%	$121.0M+135.3%	$51.4M-42.4%	$89.3M-32.0%	$131.3M+30.5%	$100.6M-3.4%	$104.1M-19.8%	$129.8M+46.3%	$88.7M+36.8%	$64.9M-2.4%	$66.4M+46.9%	$45.2M
Interest Expense	$13.6M	$12.1M-11.2%	$13.6M+70.4%	$8.0M+158.4%	$3.1M+10.5%	$2.8M-59.2%	$6.8M-16.8%	$8.2M+11.9%	$7.3M-11.1%	$8.3M+0.4%	$8.2M-2.6%	$8.4M-21.8%	$10.8M+3.8%	$10.4M+181.9%	-$12.7M+21.7%	-$16.2M
Income Tax	-$70K	$1.2M-88.8%	$10.6M-39.9%	$17.6M-49.5%	$34.9M+66.3%	$21.0M+847.6%	-$2.8M-219.4%	$2.3M-84.3%	$14.9M+146.5%	-$32.1M-409.5%	$10.4M-52.4%	$21.8M+47.7%	$14.8M+96.9%	$7.5M+18.4%	$6.3M+391.7%	-$2.2M
Net Income	$3.8M	$7.2M-79.8%	$35.9M+64940.1%	$55K-99.9%	$108.7M+79.0%	$60.7M+242.2%	-$42.7M-603.9%	$8.5M-80.1%	$42.5M-23.3%	$55.4M+229.3%	$16.8M-60.0%	$42.1M+136.3%	$17.8M+239.6%	$5.2M-13.5%	$6.1M+142.5%	-$14.3M
EPS (Basic)	N/A	$0.28-79.6%	$1.37-35.4%	$2.12-41.4%	$3.62+0.3%	$3.61+246.7%	-$2.46-634.8%	$0.46-80.2%	$2.32-23.4%	$3.03+225.8%	$0.93-59.9%	$2.32+98.3%	$1.17+234.3%	$0.35-14.6%	$0.41+142.3%	-$0.97
EPS (Diluted)	$0.17	$0.27-79.2%	$1.30	$2.00	$3.50	$3.57+245.1%	-$2.46-646.7%	$0.45-80.4%	$2.30-23.8%	$3.02+228.3%	$0.92-60.0%	$2.30+100.0%	$1.15+228.6%	$0.35-14.6%	$0.41+142.3%	-$0.97
Diluted Shares (Avg)	N/A	27M-2.9%	28M	28M	31M	17M-1.9%	17M-6.9%	19M+0.9%	18M+0.5%	18M+0.6%	18M-0.2%	18M+18.0%	16M+3.2%	15M+1.6%	15M+0.8%	15M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$332.9M+9.9%	$307.2M+14.0%	$295.4M+6.5%	$296.9M+3.1%	$302.9M+5.3%	$269.4M-3.4%	$277.3M+1.2%	$287.9M-0.3%
SG&A Expenses	$110.1M+0.9%	$109.3M+4.1%	$109.4M+3.4%	$109.7M-1.0%	$109.1M+2.6%	$105.0M+4.6%	$105.8M+8.2%	$110.8M+8.3%
Operating Income	$8.8M-23.5%	$6.3M-17.6%	-$24.2M-380.7%	$7.9M-51.2%	$11.6M-25.8%	$7.6M+75.9%	$8.6M-39.6%	$16.2M+7.2%
EBITDA	$31.7M-8.7%	$30.3M+2.8%	$678K-97.8%	$30.9M-17.6%	$34.7M-8.0%	$29.4M+15.6%	$30.7M-5.6%	$37.5M+12.4%
Interest Expense	$3.0M+20.7%	$3.9M+36.0%	$3.3M+0.8%	$3.5M+8.2%	$2.5M-35.0%	$2.9M-14.4%	$3.2M+32.7%	$3.2M+21.5%
Income Tax	$2.6M-26.4%	$1.7M-16.1%	-$6.1M-446.7%	$1.8M-57.2%	$3.5M-8.0%	$2.0M+133.6%	$1.8M-55.0%	$4.1M-7.6%
Net Income	$8.5M-13.3%	$4.4M-32.7%	-$18.3M-371.7%	$9.1M-30.2%	$9.8M-19.3%	$6.6M+65.1%	$6.7M+115.9%	$13.0M-3.5%
EPS (Basic)	$0.34-10.5%	$0.18-28.0%	-$0.71-373.1%	$0.36-26.5%	$0.38-17.4%	$0.25+66.7%	$0.26-73.7%	$0.49-52.9%
EPS (Diluted)	$0.32-11.1%	$0.17-29.2%	-$0.67-379.2%	$0.35-25.5%	$0.36-18.2%	$0.24+71.4%	$0.24-73.3%	$0.47
Diluted Shares (Avg)	27M-2.3%	26M-5.2%	N/A	26M-5.4%	27M-1.6%	28M+1.0%	N/A	28M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

CVLG Balance Sheet

CVLG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.0B+4.8%	$997.6M+4.5%	$954.4M+19.8%	$796.6M+22.2%	$651.7M-3.7%	$676.7M-23.2%	$881.6M+14.0%	$773.5M+19.1%	$649.7M+4.7%	$620.5M-4.0%	$646.7M+19.9%	$539.3M+15.6%	$466.4M+16.5%	$400.2M-9.0%	$439.8M
Current Assets	$232.8M+8.9%	$213.8M+15.0%	$185.9M-16.5%	$222.7M+18.1%	$188.5M+27.6%	$147.8M-41.9%	$254.4M+20.2%	$211.6M+30.4%	$162.3M+20.3%	$135.0M-21.9%	$172.8M+21.7%	$142.1M+15.1%	$123.5M+14.0%	$108.3M-0.1%	$108.4M
Cash & Equivalents	$4.9M-86.1%	$35.6M+1452.7%	$2.3M-96.7%	$68.7M+716.3%	$8.4M+0.1%	$8.4M-80.7%	$43.6M+88.5%	$23.1M+50.6%	$15.4M+98.1%	$7.8M+72.6%	$4.5M-78.9%	$21.3M+130.3%	$9.3M+35.3%	$6.8M+75.8%	$3.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$151.8M+7.2%	$141.6M-0.6%	$142.5M+19.0%	$119.8M-15.9%	$142.4M+55.9%	$91.3M+12.4%	$81.2M-46.3%	$151.1M+45.1%	$104.2M+7.8%	$96.6M-14.2%	$112.7M+17.4%	$95.9M+18.1%	$81.2M+6.6%	$76.2M+17.8%	$64.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$80.5M+1.9%	$78.9M+4.2%	$75.7M+30.1%	$58.2M+36.9%	$42.5M0.0%	$42.5M0.0%	$42.5M+2.2%	$41.6M	$0	$0	$0	$0	$0	$0	N/A
Total Liabilities	$641.6M+14.7%	$559.2M+1.5%	$551.0M+31.3%	$419.5M+38.9%	$302.0M-21.8%	$386.1M-27.4%	$531.5M+23.5%	$430.4M+21.4%	$354.5M-7.7%	$384.1M-13.6%	$444.6M+20.1%	$370.1M+1.1%	$366.1M+19.8%	$305.6M-13.4%	$352.8M
Current Liabilities	$210.0M+15.8%	$181.3M+6.5%	$170.3M+9.1%	$156.1M+9.4%	$142.7M+7.0%	$133.4M-17.3%	$161.3M+26.6%	$127.3M+56.8%	$81.2M-7.5%	$87.8M-30.5%	$126.2M+24.8%	$101.2M-7.5%	$109.4M-14.7%	$128.3M-14.8%	$150.5M
Non-Current Liabilities	$431.6M+14.2%	$378.0M-0.7%	$380.7M+44.5%	$263.4M+65.4%	$159.2M-37.0%	$252.7M-31.8%	$370.3M+22.2%	$303.1M+10.9%	$273.2M-7.8%	$296.3M-6.9%	$318.3M+18.4%	$268.9M+4.8%	$256.7M+44.8%	$177.3M-12.4%	$202.3M
Long-Term Debt	$234.0M+25.1%	$187.1M-5.0%	$196.9M+117.9%	$90.4M+344.1%	$20.3M-57.5%	$47.9M-76.1%	$200.2M+20.1%	$166.6M+1.3%	$164.5M-2.5%	$168.7M-14.0%	$196.1M+22.9%	$159.5M-5.9%	$169.5M+78.0%	$95.2M-25.7%	$128.2M
Total Equity	$404.0M-7.8%	$438.3M+8.7%	$403.4M+7.0%	$377.1M+7.8%	$349.7M+20.3%	$290.6M-17.0%	$350.1M+2.0%	$343.1M+16.2%	$295.2M+24.9%	$236.4M+16.9%	$202.2M+19.5%	$169.2M+68.6%	$100.4M+6.0%	$94.7M+8.8%	$87.1M
Retained Earnings	$278.2M0.0%	$278.1M-26.6%	$378.9M+15.0%	$329.5M+46.4%	$225.1M+35.3%	$166.3M-20.4%	$209.0M+4.2%	$200.6M+27.4%	$157.5M+54.3%	$102.0M+23.0%	$83.0M+103.0%	$40.9M+77.2%	$23.1M+29.4%	$17.8M+51.6%	$11.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.0B-0.3%	$1.0B+3.8%	$1.0B+4.8%	$1.0B+1.5%	$1.0B+1.4%	$980.0M+3.9%	$997.6M+4.5%	$1.0B+13.2%
Current Assets	$220.0M+11.9%	$211.1M+17.4%	$232.8M+8.9%	$194.6M-9.4%	$196.6M-2.6%	$179.8M-0.4%	$213.8M+15.0%	$214.7M+6.0%
Cash & Equivalents	$2.6M+1728.7%	$11.2M+0.1%	$4.9M-86.1%	$2.7M-92.4%	$143K-88.8%	$11.2M+280.7%	$35.6M+1452.7%	$35.2M+376.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$166.4M+9.2%	$155.7M+10.4%	$151.8M+7.2%	$150.4M+11.3%	$152.4M+5.0%	$141.1M-2.0%	$141.6M-0.6%	$135.1M-12.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$80.6M+2.1%	$80.4M+1.9%	$80.5M+1.9%	$78.9M0.0%	$78.9M0.0%	$78.9M-1.7%	$78.9M+4.2%	$78.9M+7.9%
Total Liabilities	$592.9M+0.1%	$609.2M+13.6%	$641.6M+14.7%	$601.5M+4.0%	$592.2M+2.9%	$536.3M0.0%	$559.2M+1.5%	$578.1M+16.1%
Current Liabilities	$193.4M+7.5%	$202.2M+23.0%	$210.0M+15.8%	$192.4M-1.1%	$179.9M-4.1%	$164.3M-5.2%	$181.3M+6.5%	$194.6M+13.6%
Non-Current Liabilities	$399.5M-3.1%	$407.0M+9.4%	$431.6M+14.2%	$409.0M+6.7%	$412.3M+6.3%	$372.0M+2.5%	$378.0M-0.7%	$383.4M+17.3%
Long-Term Debt	$224.7M+5.0%	$201.4M+10.4%	$234.0M+25.1%	$203.9M+5.9%	$214.1M+8.5%	$182.3M-2.7%	$187.1M-5.0%	$192.5M+25.3%
Total Equity	$412.9M-1.0%	$407.6M-8.1%	$404.0M-7.8%	$423.7M-1.8%	$416.9M-0.6%	$443.6M+8.9%	$438.3M+8.7%	$431.6M+9.5%
Retained Earnings	$287.6M-1.1%	$280.9M-0.7%	$278.2M0.0%	$298.2M-26.1%	$290.9M-25.8%	$282.8M-25.9%	$278.1M-26.6%	$403.8M+9.9%

Not reported in any period shown, so not listed: Inventory.

CVLG Cash Flow Statement

CVLG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$85.0M	$113.6M-7.5%	$122.9M+44.9%	$84.8M-46.7%	$159.2M+117.5%	$73.2M+16.1%	$63.0M-1.5%	$64.0M-48.7%	$124.8M+50.6%	$82.9M-19.1%	$102.4M+19.8%	$85.5M+15.9%	$73.7M+82.3%	$40.4M-26.6%	$55.1M+71.9%	$32.1M
Depreciation & Amortization	N/A	$92.7M+7.2%	$86.5M+23.7%	$69.9M+21.6%	$57.5M+6.7%	$53.9M-17.7%	$65.5M-18.7%	$80.5M+6.1%	$75.8M+4.7%	$72.4M+1.1%	$71.6M+15.5%	$62.0M+26.4%	$49.0M+10.3%	$44.5M+2.9%	$43.2M-6.6%	$46.3M
Stock-Based Compensation	N/A	$3.6M-3.3%	$3.7M-48.0%	$7.1M+7.8%	$6.6M-27.3%	$9.1M	N/A	N/A	$4.8M+380.0%	$1.0M-15.1%	$1.2M-9.1%	$1.3M+0.8%	$1.3M+86.4%	$690K-41.7%	$1.2M+15.4%	$1.0M
Capital Expenditures	$122.9M	$147.6M-3.5%	$153.0M-29.7%	$217.6M+116.6%	$100.5M+184.7%	$35.3M-62.5%	$94.0M-32.0%	$138.3M+84.0%	$75.1M-32.2%	$110.8M-1.8%	$112.8M-38.0%	$182.0M+11.2%	$163.7M+20.4%	$135.9M+225.2%	$41.8M-63.6%	$114.8M
Free Cash Flow	-$37.9M	-$33.9M-12.8%	-$30.1M+77.4%	-$132.8M-325.9%	$58.8M+54.9%	$37.9M+222.3%	-$31.0M+58.2%	-$74.2M-249.5%	$49.7M+277.7%	-$27.9M-169.7%	-$10.4M+89.3%	-$96.5M-7.3%	-$89.9M+5.8%	-$95.5M-816.9%	$13.3M+116.1%	-$82.7M
Investing Cash Flow	-$87.3M	-$140.1M-30.1%	-$107.7M+54.4%	-$235.9M-173.7%	-$86.2M-933.4%	$10.3M-92.5%	$138.0M+248.4%	-$93.0M+23.1%	-$120.9M-94.8%	-$62.1M-31.2%	-$47.3M+68.0%	-$147.7M-74.6%	-$84.6M-0.2%	-$84.4M-741.6%	$13.2M+125.9%	-$50.7M
Financing Cash Flow	$4.8M	-$4.3M-123.5%	$18.1M-78.6%	$84.7M+763.4%	-$12.8M+84.7%	-$83.6M+64.6%	-$236.3M-577.7%	$49.5M+1178.7%	$3.9M+129.3%	-$13.2M+74.6%	-$51.9M-214.4%	$45.4M+97.9%	$22.9M-50.6%	$46.4M+171.0%	-$65.3M-594.2%	$13.2M
Dividends Paid	$7.0M	$7.2M+23.6%	$5.8M+0.3%	$5.8M+34.8%	$4.3M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$36.6M	$0-100.0%	$25.4M-70.0%	$84.7M+718.7%	$10.3M-40.8%	$17.5M	$0	$0	N/A	N/A	$5.0M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$10.9M-149.5%	$29.0M+16.6%	$25.5M+16.5%	$41.4M-27.3%	$21.9M-2.2%	$24.8M+14.4%	$21.9M-31.2%	$56.9M+40.0%
Depreciation & Amortization	$22.8M-1.3%	$24.0M+10.0%	$24.9M+12.6%	$23.0M+8.2%	$23.1M+4.5%	$21.8M+3.3%	$22.1M+21.0%	$21.2M+16.7%
Stock-Based Compensation	N/A	$934K-7.6%	N/A	N/A	N/A	$1.0M+6.8%	N/A	N/A
Capital Expenditures	$33.8M-7.2%	$11.4M-66.0%	$28.5M+32.9%	$49.2M+50.9%	$36.4M-27.9%	$33.4M-30.9%	$21.5M-79.7%	$32.6M-38.5%
Free Cash Flow	-$44.7M-207.3%	$17.6M+304.7%	-$3.0M-742.0%	-$7.8M-132.2%	-$14.5M+48.3%	-$8.6M+67.8%	$464K+100.6%	$24.3M+296.1%
Investing Cash Flow	-$25.0M+15.1%	$24.2M+200.6%	-$50.9M-1366.7%	-$35.7M-101.0%	-$29.4M+31.5%	-$24.1M+44.6%	-$3.5M+96.2%	-$17.7M+43.3%
Financing Cash Flow	$27.2M+865.3%	-$46.9M-86.6%	$27.6M+252.9%	-$3.2M+39.2%	-$3.6M-118.8%	-$25.1M-212.0%	-$18.0M-133.2%	-$5.2M+46.7%
Dividends Paid	$1.8M-1.3%	$1.8M-5.5%	$1.8M+20.5%	$1.8M+20.9%	$1.8M+24.1%	$1.9M+28.8%	$1.5M+1.3%	$1.4M+1.0%
Share Buybacks	N/A	N/A	-$7K	$1.0M	N/A	N/A	$0-100.0%	$0

CVLG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CVLG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	0.3%-3.7pp	4.0%-1.4pp	5.3%-4.6pp	9.9%+3.5pp	6.4%+8.1pp	-1.7%-2.7pp	1.0%-5.3pp	6.3%+2.3pp	4.0%-0.9pp	4.8%-4.5pp	9.4%+3.9pp	5.5%+2.5pp	3.0%-0.5pp	3.4%+3.6pp	-0.2%
Net Margin	0.6%-2.5pp	3.2%+3.2pp	0.0%-8.9pp	8.9%+3.1pp	5.8%+10.9pp	-5.1%-6.0pp	1.0%-3.9pp	4.8%-3.0pp	7.9%+5.4pp	2.5%-3.3pp	5.8%+3.3pp	2.5%+1.7pp	0.8%-0.1pp	0.9%+3.1pp	-2.2%
Return on Equity	1.8%-6.4pp	8.2%+8.2pp	0.0%-28.8pp	28.8%+11.5pp	17.4%+32.1pp	-14.7%-17.1pp	2.4%-10.0pp	12.4%-6.4pp	18.8%+11.7pp	7.1%-13.7pp	20.8%+10.3pp	10.5%+5.3pp	5.2%-1.2pp	6.4%+22.8pp	-16.4%
Return on Assets	0.7%-2.9pp	3.6%+3.6pp	0.0%-13.6pp	13.6%+4.3pp	9.3%+15.6pp	-6.3%-7.3pp	1.0%-4.5pp	5.5%-3.0pp	8.5%+5.8pp	2.7%-3.8pp	6.5%+3.2pp	3.3%+2.2pp	1.1%-0.4pp	1.5%+4.8pp	-3.2%
Current Ratio	1.11-0.1x	1.18+0.1x	1.09-0.3x	1.43+0.1x	1.32+0.2x	1.11-0.5x	1.58-0.1x	1.66-0.3x	2.00+0.5x	1.54+0.2x	1.370.0x	1.40+0.3x	1.13+0.3x	0.84+0.1x	0.72
Debt-to-Equity	0.58+0.2x	0.43-0.1x	0.49+0.2x	0.24+0.2x	0.06-0.1x	0.16-0.4x	0.57+0.1x	0.49-0.1x	0.56-0.2x	0.71-0.3x	0.970.0x	0.94-0.7x	1.69+0.7x	1.01-0.5x	1.47
Asset Turnover	1.110.0x	1.130.0x	1.16-0.4x	1.53-0.1x	1.61+0.4x	1.24+0.2x	1.00-0.1x	1.14+0.1x	1.090.0x	1.080.0x	1.12-0.2x	1.33-0.1x	1.47-0.2x	1.68+0.2x	1.48
FCF Margin	-2.9%-0.3pp	-2.7%+9.4pp	-12.0%-16.9pp	4.8%+1.2pp	3.6%+7.3pp	-3.7%+4.7pp	-8.4%-14.0pp	5.6%+9.6pp	-4.0%-2.4pp	-1.6%+11.8pp	-13.3%-0.8pp	-12.5%+1.4pp	-13.9%-15.9pp	2.0%+14.6pp	-12.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	2.7%-1.2pp	2.1%-0.8pp	-8.2%-11.3pp	2.7%-3.0pp	3.8%-1.6pp	2.8%+1.3pp	3.1%-2.1pp	5.6%+0.4pp
Net Margin	2.6%-0.7pp	1.4%-1.0pp	-6.2%-8.6pp	3.1%-1.5pp	3.3%-1.0pp	2.4%+1.0pp	2.4%+17.9pp	4.5%-0.2pp
Return on Equity	2.1%-0.3pp	1.1%-0.4pp	-4.5%-6.0pp	2.1%-0.9pp	2.4%-0.6pp	1.5%+0.5pp	1.5%+12.0pp	3.0%-0.4pp
Return on Assets	0.9%-0.1pp	0.4%-0.2pp	-1.8%-2.4pp	0.9%-0.4pp	1.0%-0.3pp	0.7%+0.3pp	0.7%+5.1pp	1.3%-0.2pp
Current Ratio	1.140.0x	1.040.0x	1.11-0.1x	1.01-0.1x	1.090.0x	1.09+0.1x	1.18+0.1x	1.10-0.1x
Debt-to-Equity	0.540.0x	0.49+0.1x	0.58+0.2x	0.480.0x	0.510.0x	0.410.0x	0.43-0.1x	0.45+0.1x
Asset Turnover	0.330.0x	0.300.0x	0.280.0x	0.290.0x	0.300.0x	0.270.0x	0.280.0x	0.290.0x
FCF Margin	-13.4%-8.6pp	5.7%+8.9pp	-1.0%-1.2pp	-2.6%-11.1pp	-4.8%+5.0pp	-3.2%+6.4pp	0.2%+27.1pp	8.4%+12.7pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Covenant Logistics Group Inc CVLG	FY2025	$1.2B	$7.2M	0.6%	$889.5M	33/100
Heartland Expr HTLD	FY2025	$805.7M	-$52.5M	-6.5%	$962.0M	22/100
Universal Logistics Hldgs Inc ULH	FY2025	$1.6B	-$99.9M	-6.4%	$501.3M	27/100
Marten Trans MRTN	FY2025	$883.7M	$17.4M	2.0%	$1.2B	39/100
Werner Entprise WERN	FY2025	$3.0B	-$14.4M	-0.5%	$2.4B	34/100
Arcbest Corp ARCB	FY2025	$4.0B	$60.1M	1.5%	$3.2B	43/100

Where Covenant Logistics Group Inc Ranks

Frequently Asked Questions

What is Covenant Logistics Group Inc's annual revenue?

Covenant Logistics Group Inc (CVLG) reported $1.2B in total revenue for fiscal year 2025. This represents a 2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Covenant Logistics Group Inc's revenue growing?

Covenant Logistics Group Inc (CVLG) revenue grew by 2.9% year-over-year, from $1.1B to $1.2B in fiscal year 2025.

Is Covenant Logistics Group Inc profitable?

Yes, Covenant Logistics Group Inc (CVLG) reported a net income of $7.2M in fiscal year 2025, with a net profit margin of 0.6%.

What is Covenant Logistics Group Inc's EBITDA?

Covenant Logistics Group Inc (CVLG) had EBITDA of $95.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Covenant Logistics Group Inc have?

As of fiscal year 2025, Covenant Logistics Group Inc (CVLG) had $4.9M in cash and equivalents against $234.0M in long-term debt.

What is Covenant Logistics Group Inc's operating margin?

Covenant Logistics Group Inc (CVLG) had an operating margin of 0.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Covenant Logistics Group Inc's net profit margin?

Covenant Logistics Group Inc (CVLG) had a net profit margin of 0.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Covenant Logistics Group Inc's return on equity (ROE)?

Covenant Logistics Group Inc (CVLG) has a return on equity of 1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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

Covenant Logistics Group Inc (CVLG) recorded an outflow of $33.9M in free cash flow during fiscal year 2025. This represents a -12.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Covenant Logistics Group Inc's operating cash flow?

Covenant Logistics Group Inc (CVLG) generated $113.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Covenant Logistics Group Inc's total assets?

Covenant Logistics Group Inc (CVLG) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Covenant Logistics Group Inc's capital expenditures?

Covenant Logistics Group Inc (CVLG) invested $147.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Covenant Logistics Group Inc buy back shares?

Yes, Covenant Logistics Group Inc (CVLG) spent $36.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Covenant Logistics Group Inc's current ratio?

Covenant Logistics Group Inc (CVLG) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.

What is Covenant Logistics Group Inc's debt-to-equity ratio?

Covenant Logistics Group Inc (CVLG) had a debt-to-equity ratio of 0.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Covenant Logistics Group Inc's return on assets (ROA)?

Covenant Logistics Group Inc (CVLG) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Covenant Logistics Group Inc's P/E ratio?

Covenant Logistics Group Inc (CVLG) trades at 235x earnings, its market capitalization divided by net income of $3.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $889.5M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Covenant Logistics Group Inc's price-to-sales ratio?

Covenant Logistics Group Inc (CVLG) trades at 0.7x sales, its market capitalization divided by revenue of $1.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $889.5M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Covenant Logistics Group Inc's Altman Z-Score?

Covenant Logistics Group Inc (CVLG) has an Altman Z-Score of 2.35, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Covenant Logistics Group Inc's Piotroski F-Score?

Covenant Logistics Group Inc (CVLG) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Covenant Logistics Group Inc's earnings high quality?

Covenant Logistics Group Inc (CVLG) has an earnings quality ratio of 15.70x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Covenant Logistics Group Inc cover its interest payments?

Covenant Logistics Group Inc (CVLG) has an interest coverage ratio of 0.24x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Covenant Logistics Group Inc?

Covenant Logistics Group Inc (CVLG) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.