What is Covenant Logistics Group's shares (diluted)?

Covenant Logistics Group (CVLG) reported shares (diluted) of 26.4M in Q1 2026.

How has Covenant Logistics Group's shares (diluted) changed year-over-year?

Covenant Logistics Group's shares (diluted) decreased by 5.2% year-over-year, from 27.9M to 26.4M.

What does shares (diluted) mean?

The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

Covenant Logistics Group CVLG Shares (Diluted)

Shares (Diluted) at other companies

JB Hunt Transport ServicesJBHT

95.2M-5.3%

Werner EnterprisesWERN

59.9M-3.2%

Knight-Swift Transportation Holdings Inc.KNX

163.1M+0.4%

Schneider NationalSNDR

175.9M-0.1%

Landstar SystemLSTR

34M-3.4%

Heartland ExpressHTLD

77.5M-1.4%

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

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

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 shares (diluted)?: Covenant Logistics Group (CVLG) reported shares (diluted) of 26.4M in Q1 2026.
How has Covenant Logistics Group's shares (diluted) changed year-over-year?: Covenant Logistics Group's shares (diluted) decreased by 5.2% year-over-year, from 27.9M to 26.4M.
What does shares (diluted) mean?: The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.