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Covenant Logistics Group CVLG Dedicated — Operating Income

Other segment segments

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$3.7M+4.6%
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Similar metrics at other companies

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MRTNDedicated — Operating Expenses
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MRTNDedicated — Operating Ratio
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MRTNDedicated — Other Cost And Expense Operating
$2.22M-21.1%
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MRTNDedicated — Gain Loss On Disposition Of Assets
$588K-16.9%

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:OperatingIncomeLoss.

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 — operating income?
Covenant Logistics Group (CVLG) reported dedicated — operating income of $5.59M in Q1 2026.
How has Covenant Logistics Group's dedicated — operating income changed year-over-year?
Covenant Logistics Group's dedicated — operating income increased by 168.0% year-over-year, from $2.09M to $5.59M.
What is the long-term trend for Covenant Logistics Group's dedicated — operating income?
Over 3 years (2022 to 2025), Covenant Logistics Group's dedicated — operating income has grown at a -6.9% compound annual growth rate (CAGR), from $24.94M to $20.11M.
What does dedicated — operating income mean?
Measures the profitability of the Dedicated segment by subtracting total operating expenses from segment revenue. It serves as a primary indicator of the segment's operational health and its ability to generate sustainable returns from core logistics services.