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Covenant Logistics Group CVLG Managed Freight — Cost Maintenance

Other segment segments

Dedicated
$11.7M+3.5%
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$8.92M-13.5%
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$1.83M+19.2%

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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:CostMaintenance.

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
Operating expenses:
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

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FAQ

What is Covenant Logistics Group's managed freight — cost maintenance?
Covenant Logistics Group (CVLG) reported managed freight — cost maintenance of $765K in Q2 2026.
How has Covenant Logistics Group's managed freight — cost maintenance changed year-over-year?
Covenant Logistics Group's managed freight — cost maintenance increased by 35.9% year-over-year, from $563K to $765K.
What is the long-term trend for Covenant Logistics Group's managed freight — cost maintenance?
Over 3 years (2022 to 2025), Covenant Logistics Group's managed freight — cost maintenance has grown at a 101.8% compound annual growth rate (CAGR), from $207K to $1.7M.
What does managed freight — cost maintenance mean?
Refers to the expenses incurred for the repair and upkeep of equipment utilized by the Managed Freight segment. Tracking these costs provides insight into the age and reliability of the asset fleet and the effectiveness of preventative maintenance programs.

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