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

Other segment segments

Managed Freight
$88.8M+33.4%
Expedited
$14.83M-13.5%
Dedicated
$6.96M-24.6%

Similar metrics at other companies

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JBHTRents And Purchased Transportation
$1.68B+32.4%
Universal Logistics Holdings, Inc. logo
ULHPurchased Transportation And Equipment Rent
$60.68M-23.9%
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ULHIntermodal — Purchased Transportation And Equipment Rent
$17.63M-46.6%
Universal Logistics Holdings, Inc. logo
ULHTrucking — Purchased Transportation And Equipment Rent
$37.9M-7.7%
United Rentals logo
URIEquipment Rental — Equipment rentals gross margin
77%+1.0pp
ArcBest logo
ARCBAsset Based — Rents And Purchased Transportation
$68.66M+2.2%

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 warehousing — revenue equipment rentals and purchased transportation?
Covenant Logistics Group (CVLG) reported warehousing — revenue equipment rentals and purchased transportation of $1.11M in Q2 2026.
How has Covenant Logistics Group's warehousing — revenue equipment rentals and purchased transportation changed year-over-year?
Covenant Logistics Group's warehousing — revenue equipment rentals and purchased transportation decreased by 5.5% year-over-year, from $1.17M to $1.11M.
What is the long-term trend for Covenant Logistics Group's warehousing — revenue equipment rentals and purchased transportation?
Over 3 years (2022 to 2025), Covenant Logistics Group's warehousing — revenue equipment rentals and purchased transportation has grown at a -1.2% compound annual growth rate (CAGR), from $4.71M to $4.54M.
What does warehousing — revenue equipment rentals and purchased transportation mean?
This metric accounts for the costs associated with renting logistics equipment and outsourcing transportation services to third-party carriers within the warehousing segment. It highlights the company's reliance on external capacity versus owned assets to fulfill customer requirements. This is a key indicator of the segment's variable cost structure and operational flexibility.

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