CVLGNYSETrucking (No Local)Fiscal year ends December 31
COVENANT LOGISTICS GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$29.16−1.56 (-5.08%)
Close on Oct 19, 2026
- Market cap
- $775.34M
- P/E (TTM)
- 208.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
0.3%+1.9 pts over 5 years
Net margin
0.6%+5.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.9% | -1.5% | +6.8% | +4.9% | |
| Operating income | -93.4% | -71.0% | – | -26.9% | |
| Net income | -79.8% | -59.5% | – | -16.1% | |
| EPS, diluted | -79.2% | -57.4% | – | -13.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.7% | -13.3% | 1.7% | |
| Return on assets | 2.7% | -5.5% | 0.7% | |
| Current ratio | 1.54 | 1.11 | 1.11 | |
| Debt to equity | 0.82 | 0.19 | 0.74 | |
| Net debt to EBITDA | 1.79× | 0.91× | 3.06× | |
| Interest coverage | 3.9× | -2.1× | 0.2× | |
| Capex to revenue | 16.8% | 11.2% | 12.7% | |
| Diluted shares | 37M | 35M | 27M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Covenant Logistics generated $553.83M from operations and spent $833.99M on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$553.83M
Used
$833.99M
Capital expenditure$653.89M78%Dividends$23.03M3%Share buybacks$157.07M19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.6%
×Asset turnover1.14×
×Equity multiplier2.43×
=Return on equity, FY20251.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.6% | 1.14× | 2.43× | 1.7% |
| FY2024 | 3.2% | 1.16× | 2.32× | 8.5% |
| FY2023 | 5.0% | 1.26× | 2.24× | 14.2% |
| FY2022 | 8.9% | 1.68× | 1.99× | 29.9% |
| FY2021 | 5.8% | 1.57× | 2.07× | 19.0% |
| FY2020 | -5.1% | 1.08× | 2.43× | -13.3% |
| FY2019 | 1.0% | 1.07× | 2.39× | 2.4% |
| FY2018 | 4.8% | 1.24× | 2.23× | 13.3% |
| FY2017 | 7.9% | 1.11× | 2.39× | 20.9% |
| FY2016 | 2.5% | 1.06× | 2.89× | 7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$7.24M
- Cash generatingOperating cash flow above zero$113.65M
- Return on assets improvedROA up on the prior year3.8% → 0.7%
- Earnings backed by cashOperating cash flow above net income$113.65M vs $7.24M
- Less leverageLong-term debt to assets fell18.8% → 22.4%
- Better liquidityCurrent ratio rose1.18 → 1.11
- No dilutionShare count did not rise28M → 27M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.19 → 1.17