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Covenant Logistics Group CVLG Expedited — Goodwill Impairment

Other segment segments

Dedicated
$10.7M
Managed Freight
$0
Warehousing
$0

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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:GoodwillImpairmentLoss.

The source filing: Covenant Logistics Group’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 3:49 PM EST
Fiscal year
FY2025
Accession
0001437749-26-006086
(in thousands)ExpeditedDedicatedManaged FreightWarehousingTotal
Balance at December 31, 2024$15,699$32,575$8,917$21,750$78,941
Acquired goodwill for Star--12,034-12,034
Impairment of goodwill-(10,698)--(10,698)
Post-acquisition goodwill adjustments--200-200
Balance at December 31, 2025$15,699$21,877$21,151$21,750$80,477

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FAQ

What is Covenant Logistics Group's expedited — goodwill impairment?
Covenant Logistics Group (CVLG) reported expedited — goodwill impairment of -$0 in Q4 2025.
What does expedited — goodwill impairment mean?
This metric represents the non-cash charge recognized when the carrying value of goodwill associated with the Expedited business segment exceeds its implied fair value. It serves as an indicator of whether the historical acquisition premiums paid for assets within this specific logistics division remain supported by current and projected segment cash flows. A recurring or significant impairment loss suggests a deterioration in the long-term economic outlook or competitive positioning of the Expedited service offering.

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