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Covenant Logistics Group CVLG Managed Freight — Direct Taxes And Licenses Costs

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$742K+13.8%
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$430K-23.1%
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$273K-19.9%

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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:DirectTaxesAndLicensesCosts.

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
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
Depreciation and amortization22,81923,12146,79544,916

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FAQ

What is Covenant Logistics Group's managed freight — direct taxes and licenses costs?
Covenant Logistics Group (CVLG) reported managed freight — direct taxes and licenses costs of $13K in Q2 2026.
How has Covenant Logistics Group's managed freight — direct taxes and licenses costs changed year-over-year?
Covenant Logistics Group's managed freight — direct taxes and licenses costs increased by 44.4% year-over-year, from $9K to $13K.
What is the long-term trend for Covenant Logistics Group's managed freight — direct taxes and licenses costs?
Over 3 years (2022 to 2025), Covenant Logistics Group's managed freight — direct taxes and licenses costs has grown at a 36.8% compound annual growth rate (CAGR), from $41K to $105K.
What does managed freight — direct taxes and licenses costs mean?
Includes mandatory government fees, operating licenses, and direct taxes specifically attributable to the Managed Freight segment's operations. These costs represent the regulatory and compliance burden of maintaining active freight services.

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