What is Covenant Logistics Group's managed freight — goodwill?

Covenant Logistics Group (CVLG) reported managed freight — goodwill of $21.11M in Q1 2026.

How has Covenant Logistics Group's managed freight — goodwill changed year-over-year?

Covenant Logistics Group's managed freight — goodwill increased by 136.8% year-over-year, from $8.92M to $21.11M.

What does managed freight — goodwill mean?

The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Managed Freight segment. It represents the premium paid for intangible synergies, brand value, and market positioning within this specific business unit.

Covenant Logistics Group CVLG Managed Freight — Goodwill

Other segment segments

Dedicated

$21.88M-32.8%

Warehousing

$21.75M0.0%

Expedited

$15.7M0.0%

Similar metrics at other companies

UBERFreight — Goodwill

$1.44B—

WABFreight Segment — Goodwill

$8.56B+17.9%

GBXLeasing And Fleet Management — Goodwill

$0—

COLDTransportation — Goodwill

$44.35M0.0%

BYDManaged And Other — Goodwill Gross

$30.53M0.0%

LSTRTransportation Logistics — Goodwill

$34.01M-16.8%

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$1.08B+81.8%

Enterprise value$1.36B+58.3%

P/E36×+0.6×

P/S0.9×—

Profitability

See full

Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-0.6%—

Returns & leverage

See full

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:Goodwill.

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 managed freight — goodwill?: Covenant Logistics Group (CVLG) reported managed freight — goodwill of $21.11M in Q1 2026.
How has Covenant Logistics Group's managed freight — goodwill changed year-over-year?: Covenant Logistics Group's managed freight — goodwill increased by 136.8% year-over-year, from $8.92M to $21.11M.
What does managed freight — goodwill mean?: The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Managed Freight segment. It represents the premium paid for intangible synergies, brand value, and market positioning within this specific business unit.