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Covenant Logistics Group CVLG Dedicated — Labor And Related Expense

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$27.63M-14.1%
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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:LaborAndRelatedExpense.

The source filing: Covenant Logistics Group’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 3:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026547
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Fuel surcharge revenue38,18026,32263,41652,458
Total revenue$332,873$302,854$640,034$572,209
Operating expenses:
Salaries, wages, and related expenses$110,134$109,148$219,402$214,100
Fuel expense37,85027,98966,14756,157
Operations and maintenance18,76617,06636,68032,816
Revenue equipment rentals and purchased transportation98,72476,791187,942133,596
Operating taxes and licenses3,0263,4366,0157,022

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FAQ

What is Covenant Logistics Group's dedicated — labor and related expense?
Covenant Logistics Group (CVLG) reported dedicated — labor and related expense of $44.75M in Q2 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 6.4% year-over-year, from $42.04M to $44.75M.
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.

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