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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and ICU MEDICAL INC (ICUI). Click either name above to swap in a different company.
ICU MEDICAL INC is the larger business by last-quarter revenue ($540.7M vs $307.2M, roughly 1.8× COVENANT LOGISTICS GROUP, INC.). COVENANT LOGISTICS GROUP, INC. runs the higher net margin — 1.4% vs -2.9%, a 4.3% gap on every dollar of revenue. On growth, COVENANT LOGISTICS GROUP, INC. posted the faster year-over-year revenue change (14.0% vs -14.1%). Over the past eight quarters, COVENANT LOGISTICS GROUP, INC.'s revenue compounded faster (3.4% CAGR vs -2.3%).
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.
ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...
CVLG vs ICUI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $307.2M | $540.7M |
| Net Profit | $4.4M | $-15.7M |
| Gross Margin | — | 37.5% |
| Operating Margin | 2.0% | 1.0% |
| Net Margin | 1.4% | -2.9% |
| Revenue YoY | 14.0% | -14.1% |
| Net Profit YoY | -32.7% | 34.0% |
| EPS (diluted) | $0.17 | $-0.63 |
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.
| Q1 26 | $307.2M | — | ||
| Q4 25 | $295.4M | $540.7M | ||
| Q3 25 | $296.9M | $537.0M | ||
| Q2 25 | $302.9M | $548.9M | ||
| Q1 25 | $269.4M | $604.7M | ||
| Q4 24 | $277.3M | $629.8M | ||
| Q3 24 | $287.9M | $589.1M | ||
| Q2 24 | $287.5M | $596.5M |
| Q1 26 | $4.4M | — | ||
| Q4 25 | — | $-15.7M | ||
| Q3 25 | $9.1M | $-3.4M | ||
| Q2 25 | $9.8M | $35.3M | ||
| Q1 25 | $6.6M | $-15.5M | ||
| Q4 24 | — | $-23.8M | ||
| Q3 24 | $13.0M | $-33.0M | ||
| Q2 24 | $12.2M | $-21.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 37.4% | ||
| Q2 25 | — | 37.9% | ||
| Q1 25 | — | 34.7% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 34.8% | ||
| Q2 24 | — | 34.8% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | -8.2% | 1.0% | ||
| Q3 25 | 2.7% | 2.6% | ||
| Q2 25 | 3.8% | 1.9% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 3.1% | 6.0% | ||
| Q3 24 | 5.6% | 1.4% | ||
| Q2 24 | 5.4% | 1.3% |
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | 3.1% | -0.6% | ||
| Q2 25 | 3.2% | 6.4% | ||
| Q1 25 | 2.4% | -2.6% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | 4.5% | -5.6% | ||
| Q2 24 | 4.2% | -3.6% |
| Q1 26 | $0.17 | — | ||
| Q4 25 | $-0.68 | $-0.63 | ||
| Q3 25 | $0.35 | $-0.14 | ||
| Q2 25 | $0.36 | $1.43 | ||
| Q1 25 | $0.24 | $-0.63 | ||
| Q4 24 | $0.25 | $-0.97 | ||
| Q3 24 | $0.47 | $-1.35 | ||
| Q2 24 | $0.44 | $-0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $407.6M | $2.1B |
| Total Assets | $1.0B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $143.0K | — | ||
| Q1 25 | $11.2M | — | ||
| Q4 24 | $35.6M | $308.6M | ||
| Q3 24 | $35.2M | $312.5M | ||
| Q2 24 | $1.3M | $302.6M |
| 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 | — |
| Q1 26 | $407.6M | — | ||
| Q4 25 | $404.0M | $2.1B | ||
| Q3 25 | $423.7M | $2.1B | ||
| Q2 25 | $416.9M | $2.1B | ||
| Q1 25 | $443.6M | $2.0B | ||
| Q4 24 | $438.3M | $2.0B | ||
| Q3 24 | $431.6M | $2.0B | ||
| Q2 24 | $419.4M | $2.0B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $4.1B | ||
| Q3 25 | $1.0B | $4.1B | ||
| Q2 25 | $1.0B | $4.1B | ||
| Q1 25 | $980.0M | $4.2B | ||
| Q4 24 | $997.6M | $4.2B | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $995.0M | $4.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $60.6M |
| Free Cash FlowOCF − Capex | — | $36.0M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $91.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $25.5M | $60.6M | ||
| Q3 25 | $41.4M | $56.7M | ||
| Q2 25 | $21.9M | $11.2M | ||
| Q1 25 | $24.8M | $51.3M | ||
| Q4 24 | $21.9M | $40.2M | ||
| Q3 24 | $56.9M | $36.1M | ||
| Q2 24 | $22.4M | $82.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $36.0M | ||
| Q3 25 | $-7.8M | $27.6M | ||
| Q2 25 | $-14.5M | $-8.5M | ||
| Q1 25 | $-8.6M | $36.7M | ||
| Q4 24 | $464.0K | $16.1M | ||
| Q3 24 | $24.3M | $16.2M | ||
| Q2 24 | $-28.1M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 6.6% | ||
| Q3 25 | -2.6% | 5.1% | ||
| Q2 25 | -4.8% | -1.5% | ||
| Q1 25 | -3.2% | 6.1% | ||
| Q4 24 | 0.2% | 2.6% | ||
| Q3 24 | 8.4% | 2.7% | ||
| Q2 24 | -9.8% | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 4.6% | ||
| Q3 25 | 16.6% | 5.4% | ||
| Q2 25 | 12.0% | 3.6% | ||
| Q1 25 | 12.4% | 2.4% | ||
| Q4 24 | 7.7% | 3.8% | ||
| Q3 24 | 11.3% | 3.4% | ||
| Q2 24 | 17.6% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.55× | — | ||
| Q2 25 | 2.23× | 0.32× | ||
| Q1 25 | 3.78× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.36× | — | ||
| Q2 24 | 1.84× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVLG
| Freight revenue | $281.9M | 92% |
| Other | $25.2M | 8% |
ICUI
| Infusion Consumables | $284.7M | 53% |
| Infusion Systems | $176.3M | 33% |
| Vital Care | $79.7M | 15% |
