Pricing Log in Create free account
Friday 6 November 2026 Export CVLG’s income statement to Excel — free account

Covenant Logistics Group, Inc.

CVLG Industrials Trucking

Covenant Logistics Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.92% from fiscal 2024.

Revenue
+19.2%
EPS
+16.7%
Free cash flow
+44.1%
Total debt
+6.00%

Quarter to September 2026, against a year earlier

31.41 0.96 −2.97%
Market cap
$821.5M
P/E
150×
Fwd P/E
20.2×
Dividend yield
0.89%
F-score
4/9
Altman Z
2.05
Beneish M
−2.84
Dividend safety
18/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 15.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — 3 2 1 — — — — —
Insider Ownership 39.80%

Capital & Financial Ratios $m

Size
Market Cap 821.48
Revenue ttm 1,289.30
Net income ttm 5.40
Free cash flow ttm 28.14
Net debt Q 282.67
Valuation
P/E 149.57 (above 35: high)
Forward P/E 20.20
Price / sales 0.62
Forward P/S Powerpack
Price / FCF 28.33
Price / book 1.89
Financial health
Current ratio Q 1.15
Debt / equity Q 0.68
Interest coverage Q 3.24
Growth
Revenue growth Q +19.20% (above 0%: growing)
Operating income growth Q +57.63% (above 0%: growing)
EPS, this year +12.68%
EPS, next year A +55.68% (at or above 15%: strong)
Revenue, next year A +13.10% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +31.76% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.7×; over the ten years it ranged from 0.3× in 2022 to 1.1× in 2026.
P/E against its own 10 years 94.59%
10-year low 10-year high
P/S against its own 10 years 80.83%
10-year low 10-year high
P/B against its own 10 years 88.45%
10-year low 10-year high
EV/Sales against its own 10 years 75.15%
10-year low 10-year high
EV/FCF against its own 10 years 77.86%
10-year low 10-year high

Dividends

Yield
0.89%
Annual rate
0.28
Payout ratio
175.0%
Growth, 2022–26
+10.2%/yr
  1. 0.14 ’22
  2. 0.22 ’23 +54
  3. 0.22 ’24 +0
  4. 0.28 ’25 +27
  5. 0.21 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2 36 5 4
Receivables 154 152 174 —
Inventory 5 6 6 —
Other 7 0 26 0
186 214 233 243
2023 2024 2025 Q'26
Payables 33 32 45 41
ST’ Debt 48 64 64 68
Other — — — —
170 181 210 211

Compound Annual Growth %

10y 5y 3y
Sales 4.86% 6.79% (1.46%)
Cash Flow 2.89% 12.51% (10.63%)
Earnings (16.14%) 0.00% (59.46%)
Book Value 7.17% 6.81% 2.32%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.44 Actual 0.50

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.45 0.44 Miss by 0.01
Q4 FY25 0.32 0.31 Miss by 0.01
Q1 FY26 0.35 0.26 Miss by 0.09
Q3 FY26 0.44 0.50 Beat by 0.06
Q4 FY26 0.43 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.17 0.32 0.40 — —
’25 0.24 0.36 0.35 (0.73) 0.27
’24 0.15 0.44 0.47 0.24 1.30
’23 0.60 0.46 0.50 0.47 2.00
’22 0.66 0.78 1.70 0.41 3.50
’21 0.33 0.46 0.49 0.53 1.79
’20 (0.06) (0.65) 0.22 (0.75) (1.23)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 307 333 354 — —
’25 269 303 297 295 1,164
’24 279 287 288 277 1,131
’23 267 274 289 274 1,104
’22 292 317 312 296 1,217
’21 221 256 275 294 1,046
’20 211 192 211 225 839
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 29 (11) 27 — —
’25 25 22 41 26 114
’24 22 22 57 22 123
’23 7 5 41 32 85
’22 39 37 44 38 159
’21 10 25 34 5 73
’20 (4) 28 1 38 63
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 53 (35) 8 — —
’25 1 (7) 6 2 2
’24 (17) (20) 39 19 20
’23 15 (15) 18 (59) (41)
’22 31 20 58 2 112
’21 20 34 36 (8) 82
’20 (20) 49 19 43 91
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 671 705 880 885 839 1,046 1,217 1,104 1,131 1,164 1,289 +6.3% 1,317 1,437 1,519 +9.3%
Gross margin, % 67.11 65.24 65.37 63.86 64.21 58.38 59.57 63.28 67.27 65.74 0.00 (1.4) pt
EBT 27 23 56 8 (17) 79 143 72 46 6 7 (16.1%)
EBT margin, % 4.06 3.30 6.34 0.85 (2.02) 7.57 11.73 6.55 4.06 0.48 0.55 (3.6) pt
Net income 17 55 43 8 (43) 61 109 55 36 7 5 (9.0%)
Per share, $
Per share, $ Revenue 18.44 19.28 24.00 24.01 24.15 31.13 40.55 42.29 43.01 45.40 50.79 +10.5%
Earnings 0.47 1.52 1.16 0.23 (1.23) 1.81 3.62 2.12 1.37 0.28 0.21 (5.5%)
Cash flow 2.82 2.27 3.40 1.74 1.82 2.18 5.31 3.25 4.67 4.43 2.77 +5.2%
Capex (1.30) (1.70) (0.37) (2.49) 0.81 0.26 (1.58) (4.82) (3.90) (4.37) (1.66) +14.4%
Free cash flow 1.52 0.57 3.04 (0.75) 2.63 2.44 3.72 (1.57) 0.77 0.06 1.11 (29.9%)
Book value 6.50 8.07 9.36 9.50 8.37 10.41 12.57 15.46 16.66 15.75 16.64 +10.3%
Shares, m 36 37 37 37 35 34 30 26 26 26 25 (3.8%)
Valuation, ×
Valuation, × P/E 22.91 9.28 8.31 28.09 0.00 7.34 4.80 10.69 19.90 84.77 149.57 19.6
P/S 0.56 0.73 0.40 0.27 0.31 0.42 0.43 0.53 0.63 0.49 0.62 0.5
P/B 1.59 1.74 1.03 0.68 0.89 1.27 1.39 1.46 1.64 1.40 1.89 1.3
EV/Sales 0.87 1.01 0.64 0.54 0.38 0.45 0.46 0.76 0.83 0.74 0.84 0.7
EV/FCF 10.53 34.09 5.04 (17.22) 3.47 5.68 5.05 (20.46) 45.95 539.31 38.37 61.1
Cash, $m
Cash, $m Operating cash flow 102 83 125 64 63 73 159 85 123 114 70 +1.2%
Capex (47) (62) (13) (92) 28 9 (47) (126) (103) (112) (42) +10.1%
Free cash flow 55 21 111 (28) 91 82 112 (41) 20 2 28 (32.5%)
Balance, $m
Balance, $m Working capital 47 81 84 93 14 46 67 16 33 23 32 (7.7%)
Net debt 206 195 209 238 59 22 41 248 219 295 283 +4.1%
Shareholders’ equity 236 295 343 350 291 350 377 403 438 404 422 +6.1%
Returns, %
Returns, % ROA 2.66 8.73 5.97 1.02 (5.48) 9.14 15.01 6.31 3.68 0.71 0.53 (1.9) pt
ROIC 4.59 3.59 6.27 0.93 (2.51) 11.30 18.04 5.65 4.26 0.26 0.30 (4.3) pt
ROE 7.68 20.86 13.32 2.45 (13.33) 18.97 29.91 14.15 8.53 1.72 1.28 (6.0) pt
People
People Employees 4,400 4,300 5,500 5,550 4,900 4,500 4,607 4,600 4,800 4,700 — +0.7%
Revenue/emp, $m 0.15 0.16 0.16 0.16 0.17 0.23 0.26 0.24 0.24 0.25 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Covenant Logistics Group, Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SNDR Schneider National, Inc. $5.0B 34.3× 28.4× +9.15% (above 0%: growing) +156.73% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 99.5× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79% Compare
MRTN Marten Transport, Ltd. $978.3M 65.3× 59.6× +1.25% (above 0%: growing) +33.33% (above 0%: growing) +100,952.63% (above 0%: growing) 60.93% 1.37% Compare
CVLG Covenant Logistics Group, Inc. $821.5M 150× 20.2× +19.20% (above 0%: growing) +16.67% (above 0%: growing) +44.09% (above 0%: growing) 0.00% 3.53%
HTLD Heartland Express, Inc. $784.9M — (loss-making) 88.0× −8.67% (below 0%: shrinking) n/m +144.91% (above 0%: growing) 27.63% 8.99% Compare
ULH Universal Logistics Holdings, Inc. $777.1M — (loss-making) 16.9× −3.67% (below 0%: shrinking) +209.37% (above 0%: growing) +220.86% (above 0%: growing) 37.71% 11.90% Compare
PAMT PAMT Corp. $274.4M — (loss-making) — (loss-making) +8.17% (above 0%: growing) n/m −64.07% (below 0%: shrinking) 0.00% (3.09%) Compare
Median of peers $1.3B 65.3× 47.4× +8.66% +95.26% +111.16% 32.67% 2.86%

All 18 Trucking stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.79m 1.79m 310.33
2024 2.04m 3.01m 379.17
2023 1.38m 6.20m 317.49
2022 2.12m 4.93m 235.85
2021 5.83m 8.98m 178.46
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Covenant Logistics Group, Inc. (CVLG) Latest News

31 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

30 Oct

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · FreightWaves
Impact 3 · · Moby

29 Oct

Impact 4 · · FreightWaves
Impact 4 · · GlobeNewswire
Impact 3 · · StockStory
Impact 3 · · Associated Press

28 Oct

Impact 3 · · StockStory

29 Sep

Impact 4 · · FreightWaves
Impact 4 · · FreightWaves

29 Aug

Impact 4 · · MarketBeat

14 Aug

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript

3 Aug

Impact 4 ·

31 Jul

Impact 3 · · MarketBeat transcript

30 Jul

Impact 3 · · Moby

29 Jul

Impact 3 ·

28 Jul

Impact 3 ·

19 Jun

Impact 3 ·

2 Jun

Impact 4 · · The Motley Fool transcript

27 Apr

Impact 4 · · StockStory
Impact 4 · · MarketBeat

25 Apr

Impact 4 · · GuruFocus.com

24 Apr

Impact 4 · · FreightWaves
Impact 3 · · Moby

23 Apr

Impact 4 · · StockStory
Impact 3 · · FreightWaves
stockrow.com/CVLG · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com