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Covenant Logistics Group CVLG Dedicated — Goodwill Impairment

Other segment segments

Expedited
$0
Managed Freight
$0
Warehousing
$0

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Other financials

Income statement

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Revenue$332.9M+9.9%
Operating income$8.8M-23.5%
Net income$8.5M-13.3%
EPS (diluted)$0.32-11.1%

Balance sheet

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Cash & equivalents$2.6M+1,729%
Total debt$324.4M+5.1%
Total equity$412.9M-1.0%
Total assets$1.0B-0.3%

Cash flow

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Operating cash flow$29.0M+16.6%
CapEx$33.8M-7.2%
Free cash flow-$44.7M-207%

Valuation

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Market cap$872.17M+52.8%
Enterprise value$1.19B+35.7%
P/E27.4×+0.5×
P/S0.7×

Profitability

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Operating margin2.8%
Net margin3.7%-1.1pp
FCF margin-3.1%

Returns & leverage

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Return on equity7.5%-2.6pp
Debt / equity0.8×0.0×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Covenant Logistics Group’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 3:49 PM EST
Fiscal year
FY2025
Accession
0001437749-26-006086
(in thousands)ExpeditedDedicatedManaged FreightWarehousingTotal
Balance at December 31, 2024$15,699$32,575$8,917$21,750$78,941
Acquired goodwill for Star--12,034-12,034
Impairment of goodwill-(10,698)--(10,698)
Post-acquisition goodwill adjustments--200-200
Balance at December 31, 2025$15,699$21,877$21,151$21,750$80,477

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FAQ

What is Covenant Logistics Group's dedicated — goodwill impairment?
Covenant Logistics Group (CVLG) reported dedicated — goodwill impairment of $2.67M in Q4 2025.
What does dedicated — goodwill impairment mean?
This metric represents the non-cash charge recognized when the carrying value of goodwill associated with the Dedicated segment exceeds its implied fair value. It serves as an indicator that the long-term economic prospects or market valuation of the assets acquired within this specific business unit have declined. Investors monitor this to assess the success of past acquisitions and the potential for future asset write-downs within the segment.

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