What does expedited — direct taxes and licenses costs mean?

This metric includes the direct costs associated with vehicle registration, operating licenses, and segment-specific taxes required to maintain legal compliance for the Expedited fleet. These are recurring regulatory expenses necessary to operate transportation assets across various jurisdictions. It provides insight into the fixed regulatory burden of maintaining the segment's operational footprint.

Covenant Logistics Group CVLG Expedited — Direct Taxes And Licenses Costs

Other segment segments

Dedicated

$720K+18.4%

Warehousing

$439K-44.4%

Managed Freight

$31K-45.6%

Similar metrics at other companies

WERNDirect Taxes And Licenses Costs

$22.83M+2.2%

ARCBAsset Based — Direct Taxes And Licenses Costs

$14.47M+10.3%

JBHTDirect Taxes And Licenses Costs

$18.53M+6.0%

SAIADirect Taxes And Licenses Costs

$22.23M+8.8%

HTLDDirect Taxes And Licenses Costs

$3.95M-16.7%

KNXDirect Taxes And Licenses Costs

$37.39M+8.8%

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$1.1B+81.8%

Enterprise value$1.38B+58.3%

P/E36.9×+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 ratio1×0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:DirectTaxesAndLicensesCosts.

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 expedited — direct taxes and licenses costs?: Covenant Logistics Group (CVLG) reported expedited — direct taxes and licenses costs of $288K in Q1 2026.
What does expedited — direct taxes and licenses costs mean?: This metric includes the direct costs associated with vehicle registration, operating licenses, and segment-specific taxes required to maintain legal compliance for the Expedited fleet. These are recurring regulatory expenses necessary to operate transportation assets across various jurisdictions. It provides insight into the fixed regulatory burden of maintaining the segment's operational footprint.