Covenant Logistics Group CVLG Managed Freight — Goodwill Purchase Accounting Adjustments

Other segment segments

Dedicated

$0—

Expedited

$0—

Warehousing

$0—

Similar metrics at other companies

GBXLeasing And Fleet Management — Goodwill Adjustments

$0—

GNRCDomestic — Goodwill Purchase Accounting Adjustments

-$1.55M—

BDCGoodwill Purchase Accounting Adjustments

-$1.82M—

GBXManufacturing — Goodwill Adjustments

$375K—

CDREProducts — Goodwill Purchase Accounting Adjustments

$344K—

MSIProducts and Systems Integration — Goodwill Purchase Accounting Adjustments

$9M—

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+77.6%

Enterprise value$1.36B+55.5%

P/E36×+0.6×

P/S0.9×—

Profitability

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Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-0.6%—

Returns & leverage

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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:GoodwillPurchaseAccountingAdjustments.

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 purchase accounting adjustments?: Covenant Logistics Group (CVLG) reported managed freight — goodwill purchase accounting adjustments of -$37K in Q1 2026.
What does managed freight — goodwill purchase accounting adjustments mean?: Reflects post-acquisition adjustments made to the carrying value of goodwill within the Managed Freight segment due to finalization of purchase price allocations or measurement period adjustments. These adjustments indicate refinements in the valuation of acquired assets and liabilities.