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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and Indivior Pharmaceuticals, Inc. (INDV). Click either name above to swap in a different company.

Indivior Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($357.0M vs $307.2M, roughly 1.2× COVENANT LOGISTICS GROUP, INC.). Indivior Pharmaceuticals, Inc. runs the higher net margin — 28.9% vs 1.4%, a 27.4% gap on every dollar of revenue.

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.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

CVLG vs INDV — Head-to-Head

Bigger by revenue
INDV
INDV
1.2× larger
INDV
$357.0M
$307.2M
CVLG
Higher net margin
INDV
INDV
27.4% more per $
INDV
28.9%
1.4%
CVLG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVLG
CVLG
INDV
INDV
Revenue
$307.2M
$357.0M
Net Profit
$4.4M
$103.0M
Gross Margin
82.1%
Operating Margin
2.0%
22.7%
Net Margin
1.4%
28.9%
Revenue YoY
14.0%
Net Profit YoY
-32.7%
390.5%
EPS (diluted)
$0.17
$0.79

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
INDV
INDV
Q1 26
$307.2M
Q4 25
$295.4M
$357.0M
Q3 25
$296.9M
$314.0M
Q2 25
$302.9M
$302.0M
Q1 25
$269.4M
$266.0M
Q4 24
$277.3M
Q3 24
$287.9M
$307.0M
Q2 24
$287.5M
$299.0M
Net Profit
CVLG
CVLG
INDV
INDV
Q1 26
$4.4M
Q4 25
$103.0M
Q3 25
$9.1M
$42.0M
Q2 25
$9.8M
$18.0M
Q1 25
$6.6M
$47.0M
Q4 24
Q3 24
$13.0M
$22.0M
Q2 24
$12.2M
$-97.0M
Gross Margin
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
82.1%
Q3 25
73.2%
Q2 25
82.8%
Q1 25
83.1%
Q4 24
Q3 24
78.5%
Q2 24
73.6%
Operating Margin
CVLG
CVLG
INDV
INDV
Q1 26
2.0%
Q4 25
-8.2%
22.7%
Q3 25
2.7%
13.7%
Q2 25
3.8%
23.8%
Q1 25
2.8%
24.8%
Q4 24
3.1%
Q3 24
5.6%
11.4%
Q2 24
5.4%
-39.5%
Net Margin
CVLG
CVLG
INDV
INDV
Q1 26
1.4%
Q4 25
28.9%
Q3 25
3.1%
13.4%
Q2 25
3.2%
6.0%
Q1 25
2.4%
17.7%
Q4 24
Q3 24
4.5%
7.2%
Q2 24
4.2%
-32.4%
EPS (diluted)
CVLG
CVLG
INDV
INDV
Q1 26
$0.17
Q4 25
$-0.68
$0.79
Q3 25
$0.35
$0.33
Q2 25
$0.36
$0.14
Q1 25
$0.24
$0.38
Q4 24
$0.25
Q3 24
$0.47
$0.16
Q2 24
$0.44
$-0.72

Balance Sheet & Financial Strength

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

Metric
CVLG
CVLG
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$195.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$407.6M
$-98.0M
Total Assets
$1.0B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
$4.9M
$195.0M
Q3 25
$2.7M
$445.0M
Q2 25
$143.0K
$510.0M
Q1 25
$11.2M
$373.0M
Q4 24
$35.6M
Q3 24
$35.2M
Q2 24
$1.3M
Total Debt
CVLG
CVLG
INDV
INDV
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
INDV
INDV
Q1 26
$407.6M
Q4 25
$404.0M
$-98.0M
Q3 25
$423.7M
$-207.0M
Q2 25
$416.9M
$-257.0M
Q1 25
$443.6M
$-285.0M
Q4 24
$438.3M
Q3 24
$431.6M
$-310.0M
Q2 24
$419.4M
$-281.0M
Total Assets
CVLG
CVLG
INDV
INDV
Q1 26
$1.0B
Q4 25
$1.0B
$1.2B
Q3 25
$1.0B
$1.4B
Q2 25
$1.0B
$1.5B
Q1 25
$980.0M
$1.4B
Q4 24
$997.6M
Q3 24
$1.0B
Q2 24
$995.0M
Debt / Equity
CVLG
CVLG
INDV
INDV
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
INDV
INDV
Operating Cash FlowLast quarter
$-221.0M
Free Cash FlowOCF − Capex
$-245.0M
FCF MarginFCF / Revenue
-68.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
$25.5M
$-221.0M
Q3 25
$41.4M
$-39.0M
Q2 25
$21.9M
$158.0M
Q1 25
$24.8M
$75.0M
Q4 24
$21.9M
Q3 24
$56.9M
$2.0M
Q2 24
$22.4M
$88.0M
Free Cash Flow
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
$-3.0M
$-245.0M
Q3 25
$-7.8M
$-59.0M
Q2 25
$-14.5M
$141.0M
Q1 25
$-8.6M
$70.0M
Q4 24
$464.0K
Q3 24
$24.3M
$-5.0M
Q2 24
$-28.1M
$84.0M
FCF Margin
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
-1.0%
-68.6%
Q3 25
-2.6%
-18.8%
Q2 25
-4.8%
46.7%
Q1 25
-3.2%
26.3%
Q4 24
0.2%
Q3 24
8.4%
-1.6%
Q2 24
-9.8%
28.1%
Capex Intensity
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
9.7%
6.7%
Q3 25
16.6%
6.4%
Q2 25
12.0%
5.6%
Q1 25
12.4%
1.9%
Q4 24
7.7%
Q3 24
11.3%
2.3%
Q2 24
17.6%
1.3%
Cash Conversion
CVLG
CVLG
INDV
INDV
Q1 26
Q4 25
-2.15×
Q3 25
4.55×
-0.93×
Q2 25
2.23×
8.78×
Q1 25
3.78×
1.60×
Q4 24
Q3 24
4.36×
0.09×
Q2 24
1.84×

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%

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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