Saturday 17 October 2026 Export CVLG’s income statement to Excel — free account

Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.92% from fiscal 2024. In the quarter to June 2026, revenue grew 9.91%, EPS fell 10.5%, free cash flow fell 406.9% and total debt rose 8.09%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

30.72 0.09 −0.29%

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Market cap: $781.9M
P/E: 205×
Fwd P/E: 22.4×
Dividend yield: 0.91%
F-score: 4/9
Altman Z: 2.05
Beneish M: −2.84
Dividend safety: 18/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	3	—	3	2	1	—	—	—	—

Insider Ownership 39.40%

Capital & Financial Ratios $m

Market Cap 781.89

Revenue 1,232.30

Net Income 3.79

Free Cash Flow 25.60

Net Debt 288.71

Current Ratio 1.14

Debt/Equity 0.71

P/E ratio 204.80

Fwd P/E 22.40

P/S ratio 0.63

P/B ratio 1.88

Past 5Y EPS Growth —

This Y EPS Growth 6.01%

Next Y EPS Growth 63.38%

Next Y revenue growth 13.10%

Next 5Y EPS Growth 31.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 96.02%

10-year low 10-year high

P/S against its own 10 years 81.68%

10-year low 10-year high

P/B against its own 10 years 87.95%

10-year low 10-year high

EV/Sales against its own 10 years 80.28%

10-year low 10-year high

EV/FCF against its own 10 years 79.66%

10-year low 10-year high

Dividends

Payout Ratio 2.55

Annual Dividend Rate 0.28

Annual Dividend Yield 0.91%

	total	individual payouts
2026	0.21	0.07 0.07 0.07
2025	0.28	0.07 0.07 0.07 0.07
2024	0.22	0.06 0.06 0.06 0.06
2023	0.22	0.06 0.06 0.06 0.06
2022	0.14	0.03 0.03 0.04 0.04
2021	Powerpack
2020	Powerpack
2019	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	36	5	3
Receivables	154	152	174	182
Inventory	5	6	6	7
Other	7	0	26	1
	186	214	233	220

	2023	2024	2025	Q'26
Payables	33	32	45	34
ST’ Debt	48	64	64	64
Other	—	—	—	—
	170	181	210	193

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	307	333	—	—	—
’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)	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.17	0.32	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.80	7.93	9.07	6.27	3.27	7.05	8.62	14.67	21.50	17.46	Analyst estimates 2026–2028 Powerpack
	High	12.89	15.31	17.60	12.50	10.35	17.38	20.19	28.79	30.77	29.47
People
People	Employees	4,400	4,300	5,500	5,550	4,900	4,500	4,607	4,600	4,800	4,700
	Revenue/emp, $m	0.15	0.16	0.16	0.16	0.17	0.23	0.26	0.24	0.24	0.25
Income, $m
Income, $m	Revenue	671	705	880	885	839	1,046	1,217	1,104	1,131	1,164
	Gross margin, %	67.11	65.24	65.37	63.86	64.21	58.38	59.57	63.28	67.27	65.74
	EBT	27	23	56	8	(17)	79	143	72	46	6
	EBT margin, %	4.06	3.30	6.34	0.85	(2.02)	7.57	11.73	6.55	4.06	0.48
	Net income	17	55	43	8	(43)	61	109	55	36	7
	Depreciation	72	73	76	81	66	54	58	70	87	93
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
	Earnings	0.47	1.52	1.16	0.23	(1.23)	1.81	3.62	2.12	1.37	0.28
	Cash flow	2.82	2.27	3.40	1.74	1.82	2.18	5.31	3.25	4.67	4.43
	Capex	(1.30)	(1.70)	(0.37)	(2.49)	0.81	0.26	(1.58)	(4.82)	(3.90)	(4.37)
	Free cash flow	1.52	0.57	3.04	(0.75)	2.63	2.44	3.72	(1.57)	0.77	0.06
	Book value	6.50	8.07	9.36	9.50	8.37	10.41	12.57	15.46	16.66	15.75
	Shares, m	36	37	37	37	35	34	30	26	26	26
Valuation, ×
Valuation, ×	P/E	22.91	9.28	8.31	28.13	0.00	7.34	4.80	10.69	19.90	84.77
	P/S	0.56	0.73	0.40	0.27	0.31	0.42	0.43	0.53	0.63	0.49
	P/B	1.59	1.74	1.03	0.68	0.89	1.27	1.39	1.46	1.64	1.40
	EV/Sales	0.87	1.01	0.64	0.54	0.38	0.45	0.46	0.76	0.83	0.74
	EV/FCF	10.53	34.09	5.04	(17.23)	3.47	5.68	5.05	(20.46)	45.95	539.31
Cash, $m
Cash, $m	Operating cash flow	102	83	125	64	63	73	159	85	123	114
	Capex	(47)	(62)	(13)	(92)	28	9	(47)	(126)	(103)	(112)
	Free cash flow	55	21	111	(28)	91	82	112	(41)	20	2
Balance, $m
Balance, $m	Working capital	47	81	84	93	14	46	67	16	33	23
	Total debt	214	211	232	281	67	30	110	250	254	300
	Net debt	206	195	209	238	59	22	41	248	219	295
	Shareholders’ equity	236	295	343	350	291	350	377	403	438	404
Returns, %
Returns, %	ROA	2.66	8.73	5.97	1.02	(5.48)	9.14	15.01	6.31	3.68	0.71
	ROIC	4.59	3.59	6.27	0.93	(2.51)	11.30	18.04	5.65	4.26	0.26
	ROE	7.68	20.86	13.32	2.45	(13.33)	18.97	29.91	14.15	8.53	1.72

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$5.5B	49.2×	41.6×	+10.43% (above 0%: growing)	+33.33% (above 0%: growing)	−33.07% (below 0%: shrinking)	53.68%	4.55%	Compare
RXO RXO INC	$4.8B	— (loss-making)	— (loss-making)	+25.02% (above 0%: growing)	n/m	−620.00% (below 0%: shrinking)	14.04%	0.06%	Compare
ARCB ArcBest Corporation	$3.0B	186×	33.5×	+15.87% (above 0%: growing)	n/m	+45.84% (above 0%: growing)	(1.74%)	(1.74%)	Compare
WERN Werner Enterprises, Inc.	$2.0B	— (loss-making)	56.2×	+24.00% (above 0%: growing)	−84.72% (below 0%: shrinking)	+581.60% (above 0%: growing)	52.19%	1.81%	Compare
MRTN Marten Transport, Ltd.	$1.1B	75.5×	59.2×	−2.77% (below 0%: shrinking)	−22.22% (below 0%: shrinking)	+100,952.63% (above 0%: growing)	62.16%	3.09%	Compare
HTLD Heartland Express, Inc.	$860.7M	— (loss-making)	— (loss-making)	−12.48% (below 0%: shrinking)	n/m	+144.91% (above 0%: growing)	27.63%	8.99%	Compare
CVLG Covenant Logistics Group, Inc.	$781.9M	205×	22.4×	+9.91% (above 0%: growing)	−10.53% (below 0%: shrinking)	−406.90% (below 0%: shrinking)	58.97%	2.66%
ULH Universal Logistics Holdings, Inc.	$441.9M	— (loss-making)	31.3×	−3.67% (below 0%: shrinking)	+209.37% (above 0%: growing)	+220.86% (above 0%: growing)	37.71%	11.90%	Compare
PAMT PAMT Corp.	$250.3M	— (loss-making)	— (loss-making)	+8.94% (above 0%: growing)	n/m	−109.49% (below 0%: shrinking)	60.74%	(6.32%)	Compare
Median of peers	$1.5B	75.5×	41.6×	+9.68%	+5.55%	+95.38%	44.95%	2.45%

All 18 Trucking stocks →

Covenant Logistics Group, Inc. (CVLG) key facts

Strength: Covenant Logistics Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.92% from fiscal 2024.
Covenant Logistics Group, Inc. (CVLG) is a Trucking company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CVLG traded at $30.72, a market capitalization of $781.9 million.
Covenant Logistics Group, Inc. pays an annual dividend of $0.28 per share, a yield of 0.91%.
Return on equity was 1.72% and debt-to-equity 0.71.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.05 (grey zone) for fiscal 2025.