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Covenant Logistics Group

CVLG

Covenant Logistics Group is a provider of transportation and logistics services, specializing in expedited and dedicated truckload freight across the continental United States.

Market cap
$1.09B+68.9%
Revenue$1.2B+7.0%
Net income$29.9M-16.7%
Free cash flow-$7.7M+94.4%
EPS (diluted)$1.12+20.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$336.2M
EPS estimate$0.48

Financials

Q1 2026

Income statement

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Revenue$307.2M+14.0%
Operating income$6.3M-17.6%
Net income$4.4M-32.7%
EPS (diluted)$0.17-29.2%

Balance sheet

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Cash & equivalents$11.2M+0.1%
Total debt$291.7M+4.9%
Total equity$407.6M-8.1%
Total assets$1.0B+3.8%

Cash flow

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Operating cash flow$29.0M+16.6%
CapEx$11.4M-66.0%
Free cash flow$17.6M+305%

Valuation & ratios

Valuation

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Market cap$1.09B+68.9%
Enterprise value$1.37B+40.7%
P/E36.5×
P/S0.9×

Profitability

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FCF margin-0.6%

Returns & leverage

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Debt / equity0.7×+0.1×
Current ratio0.0×

Segments

By segment

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Dedicated$103.4M+10.5%
Managed Freight$90.7M+59.6%
Expedited$84.7M-10.6%
Warehousing$27.7M+14.5%

By product

See full
Cargo And Freight$281.9M+15.9%
Fuel Surcharge$25.2M-3.4%

Competitors

Profile

Covenant Logistics Group is a provider of transportation and logistics services, specializing in expedited and dedicated truckload freight across the continental United States. The company focuses on integrating into customer supply chains through a mix of asset-based trucking and non-asset-based managed freight and warehousing solutions. Its core value proposition centers on high-service standards for time-sensitive, regulated, and specialized cargo using a modern tractor fleet.

Competitive position

A leading provider of expedited team-driven freight and specialized dedicated services with a significantly younger-than-average tractor fleet.

GeographiesUnited States, North America
Customer segmentsGovernment Agencies, Retail and Consumer Goods, Food and Beverage, Industrial Manufacturing
Business modelAsset-heavy Transportation, Asset-light Brokerage, Contract Logistics
SuppliersTractor and Trailer Manufacturers, Diesel Fuel Suppliers, Professional Truck Drivers, Technology and Software Providers
CustomersE-commerce and Retail Giants, U.S. Department of Defense, Food Processing Companies, Global Logistics Integrators
Listed1994
Employees4.6K
CEODavid R. Parker
IndustryTrucking
FilingsSEC EDGAR

Questions, answered.

What is Covenant Logistics Group's market cap?
Covenant Logistics Group (CVLG) has a market capitalization of $1.1B and trades on NASDAQ.
What is Covenant Logistics Group's revenue and profitability?
Covenant Logistics Group generated $1.2B in trailing twelve-month revenue with net income of $29.9M, representing a net margin of 3.7%, with free cash flow of -$7.7M. These figures are based on the Q1 2026 filing.
Who are Covenant Logistics Group's competitors?
Covenant Logistics Group's key competitors include Schneider National, Inc., Knight-Swift Transportation Holdings Inc., Werner Enterprises, Inc., and others. These companies compete in similar markets and product categories.
Who does Covenant Logistics Group partner with?
Covenant Logistics Group's notable partners include Transport Enterprise Leasing, LLC.
What subsidiaries does Covenant Logistics Group have?
Covenant Logistics Group's subsidiaries include Landair Holdings, Inc., AAT Carriers, Inc., Lew Thompson & Son Trucking, LLC, and others.
Where is Covenant Logistics Group headquartered?
Covenant Logistics Group is headquartered in United States of America and employs approximately 4,600 people. It has been publicly traded since 1994.