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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and COMMVAULT SYSTEMS INC (CVLT). Click either name above to swap in a different company.

COMMVAULT SYSTEMS INC is the larger business by last-quarter revenue ($311.7M vs $307.2M, roughly 1.0× COVENANT LOGISTICS GROUP, INC.). COMMVAULT SYSTEMS INC runs the higher net margin — 4.7% vs 1.4%, a 3.3% gap on every dollar of revenue. On growth, COVENANT LOGISTICS GROUP, INC. posted the faster year-over-year revenue change (14.0% vs 13.3%). Over the past eight quarters, COMMVAULT SYSTEMS INC's revenue compounded faster (17.8% CAGR vs 3.4%).

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.

Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.

CVLG vs CVLT — Head-to-Head

Bigger by revenue
CVLT
CVLT
1.0× larger
CVLT
$311.7M
$307.2M
CVLG
Growing faster (revenue YoY)
CVLG
CVLG
+0.7% gap
CVLG
14.0%
13.3%
CVLT
Higher net margin
CVLT
CVLT
3.3% more per $
CVLT
4.7%
1.4%
CVLG
Faster 2-yr revenue CAGR
CVLT
CVLT
Annualised
CVLT
17.8%
3.4%
CVLG

Income Statement — Q1 FY2026 vs Q4 FY2026

Metric
CVLG
CVLG
CVLT
CVLT
Revenue
$307.2M
$311.7M
Net Profit
$4.4M
$14.6M
Gross Margin
81.4%
Operating Margin
2.0%
5.3%
Net Margin
1.4%
4.7%
Revenue YoY
14.0%
13.3%
Net Profit YoY
-32.7%
EPS (diluted)
$0.17
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CVLG
CVLG
CVLT
CVLT
Q1 26
$307.2M
$311.7M
Q4 25
$295.4M
$313.8M
Q3 25
$296.9M
$276.2M
Q2 25
$302.9M
$282.0M
Q1 25
$269.4M
$275.0M
Q4 24
$277.3M
$262.6M
Q3 24
$287.9M
$233.3M
Q2 24
$287.5M
$224.7M
Net Profit
CVLG
CVLG
CVLT
CVLT
Q1 26
$4.4M
$14.6M
Q4 25
$17.8M
Q3 25
$9.1M
$14.7M
Q2 25
$9.8M
$23.5M
Q1 25
$6.6M
$31.0M
Q4 24
$11.0M
Q3 24
$13.0M
$15.6M
Q2 24
$12.2M
$18.5M
Gross Margin
CVLG
CVLG
CVLT
CVLT
Q1 26
81.4%
Q4 25
81.1%
Q3 25
80.1%
Q2 25
82.0%
Q1 25
82.6%
Q4 24
81.5%
Q3 24
81.6%
Q2 24
82.3%
Operating Margin
CVLG
CVLG
CVLT
CVLT
Q1 26
2.0%
5.3%
Q4 25
-8.2%
6.3%
Q3 25
2.7%
4.5%
Q2 25
3.8%
8.9%
Q1 25
2.8%
9.7%
Q4 24
3.1%
5.2%
Q3 24
5.6%
6.4%
Q2 24
5.4%
8.2%
Net Margin
CVLG
CVLG
CVLT
CVLT
Q1 26
1.4%
4.7%
Q4 25
5.7%
Q3 25
3.1%
5.3%
Q2 25
3.2%
8.3%
Q1 25
2.4%
11.3%
Q4 24
4.2%
Q3 24
4.5%
6.7%
Q2 24
4.2%
8.2%
EPS (diluted)
CVLG
CVLG
CVLT
CVLT
Q1 26
$0.17
$0.34
Q4 25
$-0.68
$0.40
Q3 25
$0.35
$0.33
Q2 25
$0.36
$0.52
Q1 25
$0.24
$0.68
Q4 24
$0.25
$0.24
Q3 24
$0.47
$0.35
Q2 24
$0.44
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVLG
CVLG
CVLT
CVLT
Cash + ST InvestmentsLiquidity on hand
$900.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$407.6M
$7.5M
Total Assets
$1.0B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLG
CVLG
CVLT
CVLT
Q1 26
$900.0M
Q4 25
$4.9M
$1.0B
Q3 25
$2.7M
$1.1B
Q2 25
$143.0K
$363.2M
Q1 25
$11.2M
$302.1M
Q4 24
$35.6M
$243.6M
Q3 24
$35.2M
$303.1M
Q2 24
$1.3M
$287.9M
Total Debt
CVLG
CVLG
CVLT
CVLT
Q1 26
Q4 25
$261.7M
Q3 25
$233.3M
Q2 25
$245.8M
Q1 25
$216.3M
Q4 24
$221.6M
Q3 24
$231.4M
Q2 24
$235.0M
Stockholders' Equity
CVLG
CVLG
CVLT
CVLT
Q1 26
$407.6M
$7.5M
Q4 25
$404.0M
$216.7M
Q3 25
$423.7M
$210.5M
Q2 25
$416.9M
$364.7M
Q1 25
$443.6M
$325.1M
Q4 24
$438.3M
$287.8M
Q3 24
$431.6M
$277.8M
Q2 24
$419.4M
$281.8M
Total Assets
CVLG
CVLG
CVLT
CVLT
Q1 26
$1.0B
$1.9B
Q4 25
$1.0B
$2.0B
Q3 25
$1.0B
$1.9B
Q2 25
$1.0B
$1.2B
Q1 25
$980.0M
$1.1B
Q4 24
$997.6M
$1.0B
Q3 24
$1.0B
$958.5M
Q2 24
$995.0M
$934.9M
Debt / Equity
CVLG
CVLG
CVLT
CVLT
Q1 26
Q4 25
0.65×
Q3 25
0.55×
Q2 25
0.59×
Q1 25
0.49×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVLG
CVLG
CVLT
CVLT
Operating Cash FlowLast quarter
$132.2M
Free Cash FlowOCF − Capex
$131.8M
FCF MarginFCF / Revenue
42.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.02×
TTM Free Cash FlowTrailing 4 quarters
$237.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVLG
CVLG
CVLT
CVLT
Q1 26
$132.2M
Q4 25
$25.5M
$4.0M
Q3 25
$41.4M
$76.8M
Q2 25
$21.9M
$31.7M
Q1 25
$24.8M
$77.0M
Q4 24
$21.9M
$30.1M
Q3 24
$56.9M
$55.6M
Q2 24
$22.4M
$44.7M
Free Cash Flow
CVLG
CVLG
CVLT
CVLT
Q1 26
$131.8M
Q4 25
$-3.0M
$1.9M
Q3 25
$-7.8M
$73.6M
Q2 25
$-14.5M
$29.8M
Q1 25
$-8.6M
$76.2M
Q4 24
$464.0K
$29.9M
Q3 24
$24.3M
$53.7M
Q2 24
$-28.1M
$43.8M
FCF Margin
CVLG
CVLG
CVLT
CVLT
Q1 26
42.3%
Q4 25
-1.0%
0.6%
Q3 25
-2.6%
26.6%
Q2 25
-4.8%
10.6%
Q1 25
-3.2%
27.7%
Q4 24
0.2%
11.4%
Q3 24
8.4%
23.0%
Q2 24
-9.8%
19.5%
Capex Intensity
CVLG
CVLG
CVLT
CVLT
Q1 26
Q4 25
9.7%
0.7%
Q3 25
16.6%
1.2%
Q2 25
12.0%
0.7%
Q1 25
12.4%
0.3%
Q4 24
7.7%
0.1%
Q3 24
11.3%
0.8%
Q2 24
17.6%
0.4%
Cash Conversion
CVLG
CVLG
CVLT
CVLT
Q1 26
9.02×
Q4 25
0.23×
Q3 25
4.55×
5.21×
Q2 25
2.23×
1.35×
Q1 25
3.78×
2.48×
Q4 24
2.74×
Q3 24
4.36×
3.57×
Q2 24
1.84×
2.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVLG
CVLG

Freight revenue$281.9M92%
Other$25.2M8%

CVLT
CVLT

Term-based license$114.4M37%
Software-as-a-service$93.1M30%
Customer support$80.9M26%
Other$13.1M4%
Perpetual license$10.1M3%

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