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

Other segment segments

Managed Freight
$88.8M+33.4%
Dedicated
$6.96M-24.6%
Warehousing
$1.11M-5.5%

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FWRDExpedited Freight — Purchased transportation
$167.94M+34.9%
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ULHPurchased Transportation And Equipment Rent
$60.68M-23.9%
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ULHIntermodal — Purchased Transportation And Equipment Rent
$17.63M-46.6%
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ULHTrucking — Purchased Transportation And Equipment Rent
$37.9M-7.7%
United Rentals logo
URIEquipment Rental — Equipment rentals gross margin
77%+1.0pp

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 cvti:RevenueEquipmentRentalsAndPurchasedTransportation.

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
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
Insurance and claims18,13817,30730,78432,590
Communications and utilities1,8771,4813,9112,949
General supplies and expenses12,39914,65726,59828,252

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FAQ

What is Covenant Logistics Group's expedited — revenue equipment rentals and purchased transportation?
Covenant Logistics Group (CVLG) reported expedited — revenue equipment rentals and purchased transportation of $14.83M in Q2 2026.
How has Covenant Logistics Group's expedited — revenue equipment rentals and purchased transportation changed year-over-year?
Covenant Logistics Group's expedited — revenue equipment rentals and purchased transportation decreased by 13.5% year-over-year, from $17.14M to $14.83M.
What does expedited — revenue equipment rentals and purchased transportation mean?
This metric encompasses the costs incurred for renting revenue-generating equipment and utilizing third-party carriers to supplement the Expedited segment's capacity. It reflects the company's reliance on external assets and outsourced logistics to meet fluctuating customer demand. This figure is essential for assessing the segment's variable cost structure and capacity management strategy.

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