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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and FIRST INDUSTRIAL REALTY TRUST INC (FR). Click either name above to swap in a different company.

COVENANT LOGISTICS GROUP, INC. is the larger business by last-quarter revenue ($307.2M vs $194.8M, roughly 1.6× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 1.4%, a 74.5% gap on every dollar of revenue. On growth, COVENANT LOGISTICS GROUP, INC. posted the faster year-over-year revenue change (14.0% vs 10.0%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% 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.

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

CVLG vs FR — Head-to-Head

Bigger by revenue
CVLG
CVLG
1.6× larger
CVLG
$307.2M
$194.8M
FR
Growing faster (revenue YoY)
CVLG
CVLG
+4.0% gap
CVLG
14.0%
10.0%
FR
Higher net margin
FR
FR
74.5% more per $
FR
75.9%
1.4%
CVLG
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
3.4%
CVLG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CVLG
CVLG
FR
FR
Revenue
$307.2M
$194.8M
Net Profit
$4.4M
$147.9M
Gross Margin
Operating Margin
2.0%
Net Margin
1.4%
75.9%
Revenue YoY
14.0%
10.0%
Net Profit YoY
-32.7%
179.7%
EPS (diluted)
$0.17
$1.08

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
FR
FR
Q1 26
$307.2M
$194.8M
Q4 25
$295.4M
$188.4M
Q3 25
$296.9M
$181.4M
Q2 25
$302.9M
$180.2M
Q1 25
$269.4M
$177.1M
Q4 24
$277.3M
$175.6M
Q3 24
$287.9M
$167.6M
Q2 24
$287.5M
$164.1M
Net Profit
CVLG
CVLG
FR
FR
Q1 26
$4.4M
$147.9M
Q4 25
$78.8M
Q3 25
$9.1M
$65.3M
Q2 25
$9.8M
$55.2M
Q1 25
$6.6M
$48.1M
Q4 24
$68.4M
Q3 24
$13.0M
$99.4M
Q2 24
$12.2M
$51.3M
Operating Margin
CVLG
CVLG
FR
FR
Q1 26
2.0%
Q4 25
-8.2%
34.6%
Q3 25
2.7%
37.0%
Q2 25
3.8%
31.7%
Q1 25
2.8%
31.2%
Q4 24
3.1%
40.1%
Q3 24
5.6%
62.6%
Q2 24
5.4%
31.8%
Net Margin
CVLG
CVLG
FR
FR
Q1 26
1.4%
75.9%
Q4 25
41.8%
Q3 25
3.1%
36.0%
Q2 25
3.2%
30.6%
Q1 25
2.4%
27.2%
Q4 24
39.0%
Q3 24
4.5%
59.3%
Q2 24
4.2%
31.3%
EPS (diluted)
CVLG
CVLG
FR
FR
Q1 26
$0.17
$1.08
Q4 25
$-0.68
$0.60
Q3 25
$0.35
$0.49
Q2 25
$0.36
$0.42
Q1 25
$0.24
$0.36
Q4 24
$0.25
$0.51
Q3 24
$0.47
$0.75
Q2 24
$0.44
$0.39

Balance Sheet & Financial Strength

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

Metric
CVLG
CVLG
FR
FR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$407.6M
$2.9B
Total Assets
$1.0B
$5.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLG
CVLG
FR
FR
Q1 26
Q4 25
$4.9M
$78.0M
Q3 25
$2.7M
$33.5M
Q2 25
$143.0K
$34.9M
Q1 25
$11.2M
$35.7M
Q4 24
$35.6M
$44.5M
Q3 24
$35.2M
$47.1M
Q2 24
$1.3M
$38.5M
Total Debt
CVLG
CVLG
FR
FR
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
FR
FR
Q1 26
$407.6M
$2.9B
Q4 25
$404.0M
$2.7B
Q3 25
$423.7M
$2.7B
Q2 25
$416.9M
$2.6B
Q1 25
$443.6M
$2.7B
Q4 24
$438.3M
$2.7B
Q3 24
$431.6M
$2.6B
Q2 24
$419.4M
$2.6B
Total Assets
CVLG
CVLG
FR
FR
Q1 26
$1.0B
$5.8B
Q4 25
$1.0B
$5.7B
Q3 25
$1.0B
$5.5B
Q2 25
$1.0B
$5.5B
Q1 25
$980.0M
$5.4B
Q4 24
$997.6M
$5.3B
Q3 24
$1.0B
$5.2B
Q2 24
$995.0M
$5.2B
Debt / Equity
CVLG
CVLG
FR
FR
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×

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%

FR
FR

Segment breakdown not available.

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