Covenant Logistics Group, Inc. (CVLG) vs Heartland Express, Inc. (HTLD)

Covenant Logistics Group, Inc. and Heartland Express, Inc. are both Trucking companies. Heartland Express, Inc. is the larger, with a market value of $860.7M against $781.9M — 1.1× the size. Heartland Express, Inc. has negative trailing earnings, so its P/E is not meaningful; Covenant Logistics Group, Inc. trades at 205×. Covenant Logistics Group, Inc. grew revenue faster over the last twelve months: 8.34% against −21.0%. Covenant Logistics Group, Inc. has the higher net margin (0.31% vs −2.98%) and the higher return on invested capital (−0.10% vs −1.27%). Both pay a dividend; Covenant Logistics Group, Inc. yields more (0.91% vs 0.73%). Across the 21 metrics below, Covenant Logistics Group, Inc. leads on 12 and Heartland Express, Inc. on 9.

Valuation

Metric CVLG HTLD Trucking median
P/E 204.80 n/m 54.27
P/S 0.63 1.15 1.15
P/B 1.88 1.12 1.80
Price to free cash flow 30.26 7.78 13.17
EV/EBITDA 11.38 7.31 11.38
EV/Sales 0.86 1.26 1.03
Earnings yield 0.49% (2.56%) 0.21%
Free cash flow yield 3.30% 12.85% 4.53%

Profitability

Metric CVLG HTLD Trucking median
Gross margin 62.40% 29.10% 51.20%
Operating margin (0.09%) (2.29%) 0.00%
Net margin 0.31% (2.98%) 0.16%
Free cash flow margin 2.08% 14.79% 5.45%
Return on equity 0.91% (2.85%) 0.31%
Return on assets 0.38% (1.78%) 0.18%
Return on invested capital (0.10%) (1.27%) (0.05%)

Growth

Metric CVLG HTLD Trucking median
Revenue growth (TTM) 8.34% (21.02%) 4.46%
EPS growth (last fiscal year) (79.23%) (76.32%) (40.10%)
Revenue growth, 5-year CAGR 6.79% 4.54% 6.08%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVLG HTLD Trucking median
Debt to equity 0.71 0.18 0.17
Current ratio 1.14 1.58 1.52
Net debt to EBITDA 3.09 1.33 1.59

Dividend

Metric CVLG HTLD Trucking median
Dividend yield 0.91% 0.73% 1.20%
Payout ratio 2.55 — 0.70

Size

Metric CVLG HTLD Trucking median
Market cap 781.89m 860.71m 1.53b

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