COVENANT LOGISTICS GROUP, INC.CVLGEarnings & Financial Report
Covenant Logistics Group, Inc. is an American company focused on truckload shipping. The company is headquartered in Chattanooga, Tennessee, and is publicly traded on the New York Stock Exchange. The company provides temperature controlled trucking, regional delivery, and longhaul team driver delivery.
Revenue
$287.5M
Gross Profit
N/A
Operating Profit
$15.6M
Net Profit
$12.2M
Gross Margin
N/A
Operating Margin
5.4%
Net Margin
4.2%
YoY Growth
4.9%
EPS
$0.44
COVENANT LOGISTICS GROUP, INC. Q2 FY2024 Financial Summary
COVENANT LOGISTICS GROUP, INC. reported revenue of $287.5M (up 4.9% YoY) for Q2 FY2024, with a net profit of $12.2M (down 0.8% YoY) (4.2% margin).
Key Financial Metrics
| Total Revenue | $287.5M |
|---|---|
| Net Profit | $12.2M |
| Gross Margin | N/A |
| Operating Margin | 5.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
COVENANT LOGISTICS GROUP, INC. Q2 FY2024 revenue of $287.5M breaks down across 4 segments, led by Highway Services at $108.0M (37.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Highway Services | $108.0M | 37.6% |
| Dedicated | $93.5M | 32.5% |
| Managed Freight | $60.4M | 21.0% |
| Factoring | $25.7M | 8.9% |
COVENANT LOGISTICS GROUP, INC. Revenue by Segment — Quarterly Trend
COVENANT LOGISTICS GROUP, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Highway Services and Dedicated) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Highway Services | — | — | — | $97.3M |
| Dedicated | — | — | $105.0M | $102.3M |
| Managed Freight | — | — | $72.2M | $77.5M |
COVENANT LOGISTICS GROUP, INC. Annual Revenue by Year
COVENANT LOGISTICS GROUP, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.1B |
| 2023 | $1.1B |
| 2022 | $1.2B |
COVENANT LOGISTICS GROUP, INC. Quarterly Revenue & Net Profit History
COVENANT LOGISTICS GROUP, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $307.2M | +14.0% | $4.4M | 1.4% |
| Q4 FY2025 | $295.4M | +6.5% | N/A | N/A |
| Q3 FY2025 | $296.9M | +3.1% | $9.1M | 3.1% |
| Q2 FY2025 | $302.9M | +5.3% | $9.8M | 3.2% |
| Q1 FY2025 | $269.4M | -3.4% | $6.6M | 2.4% |
| Q4 FY2024 | $277.3M | +1.2% | N/A | N/A |
| Q3 FY2024 | $287.9M | -0.3% | $13.0M | 4.5% |
| Q2 FY2024 | $287.5M | +4.9% | $12.2M | 4.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $287.5M | $287.9M | $277.3M | $269.4M | $302.9M | $296.9M | $295.4M | $307.2M |
| YoY Growth | 4.9% | -0.3% | 1.2% | -3.4% | 5.3% | 3.1% | 6.5% | 14.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $995.0M | $1.01B | $997.6M | $980.0M | $1.01B | $1.03B | $1.05B | $1.02B |
| Liabilities | $575.6M | $578.1M | $559.2M | $536.3M | $592.2M | $601.5M | $641.6M | $609.2M |
| Equity | $419.4M | $431.6M | $438.3M | $443.6M | $416.9M | $423.7M | $404.0M | $407.6M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $22.4M | $56.9M | $21.9M | $24.8M | $21.9M | $41.4M | $25.5M |