Covenant Logistics
CVLG
32.43
-0.25
-0.77%
Covenant Logistics
US · CVLG
#3392 by market cap
32.43
-0.25
-0.77%
Live - 5344 symbols - heartbeat 27s ago
· 2026-10-08 09:56
After-hours
32.68
0.00%
- Market cap
- 823.00M
- P/E (TTM)i
- 202.69
- P/Bi
- 1.99
- EPSi
- 0.27
- Div yieldi
- 0.86%
- 52W posi
- 46%
Reader sentiment
Are you bullish or bearish on CVLG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.35, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +2.92% YoY
Margins
- Gross margin
- 14.59%
- Operating margin
- 1.76%
- Net margin
- 0.62%
Key ratios & quality
- Enterprise valuei
- 1.13B
- Altman Z-Scorei
- 2.35
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 880.42M | 885.39M | 838.56M | 1.05B | 1.22B | 1.10B | 1.13B | 1.16B |
| Gross profit | 140.72M | 104.92M | 109.55M | 147.28M | 185.99M | 164.20M | 189.65M | 169.93M |
| Selling & admin expenses | 73.17M | 84.78M | 93.09M | 73.02M | 93.69M | 104.56M | 131.31M | 135.69M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 55.71M | 7.12M | 4.84M | 63.36M | 80.36M | 46.24M | 46.39M | 20.47M |
| Pretax profit | 55.80M | 7.57M | -16.92M | 79.15M | 142.79M | 72.24M | 45.90M | 5.59M |
| Tax | 14.94M | 2.35M | -2.80M | 20.96M | 34.86M | 17.61M | 10.58M | 1.18M |
| Net profit | 42.50M | 8.48M | -42.72M | 60.73M | 108.68M | 55.23M | 35.92M | 7.24M |
| Basic EPS | 1 | 0 | -1 | 2 | 4 | 2 | 1 | 0 |
| Diluted EPS | 1.15 | 0.23 | -1.23 | 1.79 | 3.50 | 2.00 | 1.30 | 0.27 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 269.36M | 302.85M | 296.89M | 295.37M | 307.16M | 332.87M |
| Gross profit | 41.89M | 48.74M | 42.43M | 36.88M | 38.49M | 44.58M |
| Selling & admin expenses | 30.35M | 33.45M | 31.68M | 40.22M | 28.88M | 32.41M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 7.95M | 11.86M | 7.44M | -6.78M | 6.62M | 9.14M |
| Pretax profit | 8.55M | 13.36M | 8.04M | -24.35M | 6.08M | 11.13M |
| Tax | 1.98M | 3.52M | 1.77M | -6.10M | 1.66M | 2.59M |
| Net profit | 6.56M | 9.84M | 9.09M | -18.26M | 4.42M | 8.54M |
| Basic EPS | 0 | 0 | 0 | -1 | 0 | 0 |
| Diluted EPS | 0.24 | 0.36 | 0.35 | -0.73 | 0.17 | 0.32 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 211.64M | 254.39M | 147.80M | 188.53M | 222.66M | 185.95M | 213.85M | 232.82M |
| Cash & ST investments | 23.13M | 43.59M | 8.41M | 8.41M | 68.67M | 2.29M | 35.62M | 4.95M |
| Inventory | 4.07M | 4.21M | 3.12M | 3.32M | 3.52M | 4.85M | 5.65M | 6.34M |
| Total assets | 773.52M | 881.64M | 676.72M | 651.66M | 796.65M | 954.44M | 997.57M | 1.05B |
| Total current liabilities | 127.33M | 161.26M | 133.38M | 142.75M | 156.12M | 170.29M | 181.28M | 209.98M |
| Short-term debt | 35.94M | 81.69M | 31.47M | 28.38M | 42.40M | 60.38M | 75.31M | 77.03M |
| Long-term debt | 166.64M | 200.18M | 47.89M | 20.35M | 90.37M | 196.89M | 187.09M | 234.05M |
| Total liabilities | 430,382,000.00 | 531,529,000.00 | 386,074,000.00 | 301,963,000.00 | 419,517,000.00 | 551,018,000.00 | 559,228,000.00 | 641,552,000.00 |
| Total equity | 343.14M | 350.11M | 290.64M | 349.70M | 377.13M | 403.42M | 438.34M | 404.00M |
| Retained earnings | 200.57M | 209.04M | 166.33M | 225.08M | 329.47M | 378.92M | 278.13M | 278.21M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 179.77M | 196.60M | 194.57M | 232.82M | 211.13M | 219.99M |
| Cash & ST investments | 11.24M | 143.00K | 2.69M | 4.95M | 11.25M | 2.62M |
| Inventory | 5.50M | 5.39M | 6.15M | 6.34M | 7.17M | 6.73M |
| Total assets | 979.97M | 1.01B | 1.03B | 1.05B | 1.02B | 1.01B |
| Total current liabilities | 164.30M | 179.93M | 192.44M | 209.98M | 202.17M | 193.42M |
| Short-term debt | 61.91M | 64.70M | 75.81M | 77.03M | 65.57M | 77.96M |
| Long-term debt | 182.35M | 214.10M | 203.91M | 234.05M | 201.39M | 224.73M |
| Total liabilities | 536,325,000.00 | 592,218,000.00 | 601,484,000.00 | 641,552,000.00 | 609,223,000.00 | 592,891,000.00 |
| Total equity | 443.64M | 416.87M | 423.72M | 404.00M | 407.61M | 412.87M |
| Retained earnings | 282.84M | 290.88M | 298.22M | 278.21M | 280.87M | 287.64M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 124.80M | 64.03M | 63.04M | 73.22M | 159.23M | 84.84M | 122.89M | 113.65M |
| Depreciation & amortization | 75.86M | 80.53M | 65.48M | 53.88M | 57.51M | 69.94M | 86.53M | 92.73M |
| Free cash flow | 49.66M | -74.24M | -31.01M | 37.93M | 58.76M | -132.77M | -30.07M | -33.92M |
| Dividends paid | -- | -- | -- | 0 | -4.29M | -5.78M | -5.80M | -7.16M |
| Stock buybacks / issuance | 0 | 0 | -17.49M | -10.35M | -84.72M | -25.43M | 0 | -36.57M |
| Ending cash balance | 23.13M | 43.59M | 8.41M | 8.41M | 68.67M | 2.29M | 35.62M | 4.95M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 24.83M | 21.91M | 41.36M | 25.55M | 28.96M | -10.85M |
| Depreciation & amortization | 21.80M | 23.12M | 22.95M | 24.86M | 23.98M | 22.82M |
| Free cash flow | -8.60M | -14.53M | -7.82M | -2.98M | 17.59M | -44.65M |
| Dividends paid | -1.86M | -1.80M | -1.75M | -1.75M | -1.76M | -1.77M |
| Stock buybacks / issuance | -- | -- | -1.02M | 7.00K | -- | -- |
| Ending cash balance | 11.24M | 143.00K | 2.69M | 4.95M | 11.25M | 2.62M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 13.32 | 2.45 | -13.33 | 18.97 | 29.91 | 14.15 | 8.53 | 1.72 |
| ROA %i | 5.97 | 1.02 | -5.48 | 9.14 | 15.01 | 6.31 | 3.68 | 0.71 |
| ROIC %i | 7.80 | 1.32 | -7.76 | 15.20 | 22.64 | 9.77 | 6.48 | 2.27 |
| 5-year avg ROE %i | 15.55 | 13.39 | 6.19 | 8.45 | 10.26 | 10.43 | 11.65 | 14.66 |
| EBIT margin %i | 6.66 | 1.79 | 0.58 | 7.83 | 11.99 | 7.27 | 5.26 | 1.52 |
| FCF / sales %i | 5.61 | -- | -- | 3.63 | 4.83 | -- | -- | -- |
| Current ratioi | 1.66 | 1.58 | 1.11 | 1.32 | 1.43 | 1.09 | 1.18 | 1.11 |
| Quick ratioi | 1.51 | 0.86 | 0.88 | 1.19 | 1.26 | 0.92 | 1.04 | 0.85 |
| Debt / assetsi | 30.73 | 39.56 | 16.49 | 11.39 | 22.55 | 30.75 | 29.76 | 32.39 |
| LT debt / equityi | 58.80 | 76.28 | 27.57 | 13.12 | 36.39 | 57.78 | 50.55 | 64.77 |
| Interest coveragei | -- | -- | -- | 29.36 | 47.32 | 10.07 | 4.38 | 1.46 |
| Revenue CAGR (3Y) %i | 6.73 | 9.70 | 5.95 | 5.91 | 11.18 | 9.59 | 2.65 | -1.46 |
| Net income CAGR (3Y) %i | 0.33 | -20.44 | -- | 12.63 | 134.05 | -- | -16.06 | -59.46 |
| FCF CAGR (3Y) %i | -- | -- | -- | -8.59 | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 9.05 | 8.65 | 7.53 | 1.72 | 1.20 | 0.91 |
| ROA %i | 4.00 | 3.61 | 3.17 | 0.71 | 0.51 | 0.38 |
| ROIC %i | 6.83 | 6.15 | 5.59 | 2.27 | 2.05 | 1.63 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 5.60 | 5.19 | 4.39 | 1.52 | 1.35 | 1.18 |
| FCF / sales %i | -- | 0.14 | -- | -- | -- | -- |
| Current ratioi | 1.09 | 1.09 | 1.01 | 1.11 | 1.04 | 1.14 |
| Quick ratioi | 0.95 | 0.89 | 0.87 | 0.85 | 0.91 | 0.96 |
| Debt / assetsi | 28.39 | 30.77 | 30.15 | 32.39 | 28.69 | 32.26 |
| LT debt / equityi | 48.75 | 58.97 | 55.06 | 64.77 | 55.49 | 59.70 |
| Interest coveragei | 4.80 | 5.02 | 4.18 | 1.46 | 1.24 | 1.07 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Dedicated is the largest reported line at 33.76% of revenue, across 5 reported segments.
- No single line clears half of revenue; Managed Freight is next at 29.90%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Dedicated33.76%
Managed Freight29.90%
Expedited28.06%
Warehousing8.07%
Other revenues0.20%
Quote time 2026-10-08 09:56:00 · For reference only, not investment advice and not tailored to your situation.