What is Covenant Logistics Group's asset turnover?

Covenant Logistics Group (CVLG) reported asset turnover of 1.2× in Q1 2026.

What is the long-term trend for Covenant Logistics Group's asset turnover?

Over 4 years (2020 to 2025), Covenant Logistics Group's asset turnover has grown at a 1.4% compound annual growth rate (CAGR), from 1.1× to 1.1×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

Covenant Logistics Group CVLG Asset turnover

Asset turnover at other companies

JB Hunt Transport ServicesJBHT

1.5×+0.1×

Werner EnterprisesWERN

1×0.0×

Knight-Swift Transportation Holdings Inc.KNX

0.6×0.0×

Schneider NationalSNDR

1.1×0.0×

Landstar SystemLSTR

2.9×+0.1×

Heartland ExpressHTLD

0.6×-0.1×

Other financials

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

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Market cap$1.08B+77.6%

Enterprise value$1.36B+55.5%

P/E36×+0.6×

P/S0.9×—

Profitability

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Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-0.6%—

Returns & leverage

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Return on equity7.5%-2.6pp

Debt / equity0.7×+0.1×

Current ratio1×0.0×

Where this comes from

Calculated from Covenant Logistics Group’s reported figures.

total revenue/total assets=1.2×

Based on trailing twelve months.

The official record: Covenant Logistics Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Covenant Logistics Group's asset turnover?: Covenant Logistics Group (CVLG) reported asset turnover of 1.2× in Q1 2026.
What is the long-term trend for Covenant Logistics Group's asset turnover?: Over 4 years (2020 to 2025), Covenant Logistics Group's asset turnover has grown at a 1.4% compound annual growth rate (CAGR), from 1.1× to 1.1×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.