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Covenant Logistics Group CVLG Dedicated — Revenue Equipment Rentals And Purchased Transportation

Other segment segments

Managed Freight
$79.37M+66.6%
Expedited
$15.08M-8.9%
Warehousing
$1.2M+11.1%

Similar metrics at other companies

Marten Transport logo
MRTNDedicated — Purchased Transportation
$2.4M+2.6%
Marten Transport logo
MRTNDedicated — Revenue
$63.46M-13.8%
Marten Transport logo
MRTNDedicated — Operating Expenses
$61.84M-10.1%
Marten Transport logo
MRTNDedicated — Supplies And Maintenance Expense
$4.12M-9.0%
Marten Transport logo
MRTNDedicated — Communications And Utilities Expense
$638K-14.5%
Werner Enterprises logo
WERNRent and purchased transportation
$221.1M+7.3%

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 cvti:RevenueEquipmentRentalsAndPurchasedTransportation.

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 — revenue equipment rentals and purchased transportation?
Covenant Logistics Group (CVLG) reported dedicated — revenue equipment rentals and purchased transportation of $7.2M in Q1 2026.
How has Covenant Logistics Group's dedicated — revenue equipment rentals and purchased transportation changed year-over-year?
Covenant Logistics Group's dedicated — revenue equipment rentals and purchased transportation decreased by 13.7% year-over-year, from $8.34M to $7.2M.
What is the long-term trend for Covenant Logistics Group's dedicated — revenue equipment rentals and purchased transportation?
Over 3 years (2022 to 2025), Covenant Logistics Group's dedicated — revenue equipment rentals and purchased transportation has grown at a -10.0% compound annual growth rate (CAGR), from $45.61M to $33.29M.
What does dedicated — revenue equipment rentals and purchased transportation mean?
This metric reflects the costs incurred for renting additional transportation equipment or outsourcing capacity to third-party carriers to meet dedicated segment demand. It highlights the company's reliance on external assets versus owned capacity to fulfill contractual obligations.