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Covenant Logistics Group CVLG Dedicated — Labor And Related Expense

Other segment segments

Expedited
$28.03M-11.0%
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$14.74M+29.0%
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$3.17M+39.4%

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MRTNDedicated — Other Cost And Expense Operating
$2.22M-21.1%
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MRTNDedicated — Operating Expenses
$61.84M-10.1%

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 ratio0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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 dedicated — labor and related expense?
Covenant Logistics Group (CVLG) reported dedicated — labor and related expense of $44.24M in Q1 2026.
How has Covenant Logistics Group's dedicated — labor and related expense changed year-over-year?
Covenant Logistics Group's dedicated — labor and related expense increased by 12.4% year-over-year, from $39.36M to $44.24M.
What is the long-term trend for Covenant Logistics Group's dedicated — labor and related expense?
Over 3 years (2022 to 2025), Covenant Logistics Group's dedicated — labor and related expense has grown at a 10.0% compound annual growth rate (CAGR), from $126.63M to $168.34M.
What does dedicated — labor and related expense mean?
This represents the total costs associated with personnel, including wages, benefits, and payroll taxes specifically allocated to the dedicated segment operations. Monitoring this helps evaluate labor efficiency and the impact of wage inflation on segment profitability.