Covenant Logistics Group, Inc. (CVLG) vs Universal Logistics Holdings, Inc. (ULH)

Covenant Logistics Group, Inc. and Universal Logistics Holdings, Inc. are both Trucking companies. Covenant Logistics Group, Inc. is the larger, with a market value of $841.5M against $434.9M — 1.9× the size. Universal Logistics Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Covenant Logistics Group, Inc. trades at 216×. Covenant Logistics Group, Inc. grew revenue faster over the last twelve months: 8.34% against −8.33%. Covenant Logistics Group, Inc. has the higher net margin (0.31% vs −5.99%) and the higher return on invested capital (−0.10% vs −2.53%). Both pay a dividend; Universal Logistics Holdings, Inc. yields more (1.36% vs 0.86%). Across the 21 metrics below, Covenant Logistics Group, Inc. leads on 12 and Universal Logistics Holdings, Inc. on 9.

Valuation

Metric CVLG ULH Trucking median
P/E 216.47 n/m 50.34
P/S 0.66 0.29 1.19
P/B 1.98 0.78 1.48
Price to free cash flow 31.99 4.88 13.51
EV/EBITDA 11.85 11.77 11.77
EV/Sales 0.90 0.73 1.03
Earnings yield 0.46% (20.85%) 0.21%
Free cash flow yield 3.13% 20.49% 4.56%

Profitability

Metric CVLG ULH Trucking median
Gross margin 62.40% 35.39% 51.20%
Operating margin (0.09%) (3.27%) 0.00%
Net margin 0.31% (5.99%) 0.35%
Free cash flow margin 2.08% 5.90% 5.45%
Return on equity 0.91% (15.07%) 0.31%
Return on assets 0.38% (5.17%) 0.37%
Return on invested capital (0.10%) (2.53%) (0.05%)

Growth

Metric CVLG ULH Trucking median
Revenue growth (TTM) 8.34% (8.33%) 4.46%
EPS growth (last fiscal year) (79.23%) (176.88%) —
Revenue growth, 5-year CAGR 6.79% 2.30% 6.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVLG ULH Trucking median
Debt to equity 0.71 1.23 0.17
Current ratio 1.14 1.20 1.52
Net debt to EBITDA 3.09 9.17 1.59

Dividend

Metric CVLG ULH Trucking median
Dividend yield 0.86% 1.36% 1.00%
Payout ratio 0.06 0.08 0.08

Size

Metric CVLG ULH Trucking median
Market cap 841.53m 434.94m 1.53b

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