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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and Millrose Properties, Inc. (MRP). 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 $194.9M, roughly 1.6× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 1.4%, a 61.6% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 14.0%).
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
CVLG vs MRP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $307.2M | $194.9M |
| Net Profit | $4.4M | $122.9M |
| Gross Margin | — | — |
| Operating Margin | 2.0% | 85.2% |
| Net Margin | 1.4% | 63.0% |
| Revenue YoY | 14.0% | 135.7% |
| Net Profit YoY | -32.7% | 208.7% |
| EPS (diluted) | $0.17 | $0.74 |
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 | $194.9M | ||
| Q4 25 | $295.4M | $189.5M | ||
| Q3 25 | $296.9M | $179.3M | ||
| Q2 25 | $302.9M | $149.0M | ||
| Q1 25 | $269.4M | $82.7M | ||
| Q4 24 | $277.3M | — | ||
| Q3 24 | $287.9M | — | ||
| Q2 24 | $287.5M | — |
| Q1 26 | $4.4M | $122.9M | ||
| Q4 25 | — | $122.2M | ||
| Q3 25 | $9.1M | $105.1M | ||
| Q2 25 | $9.8M | $112.8M | ||
| Q1 25 | $6.6M | $39.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $13.0M | — | ||
| Q2 24 | $12.2M | — |
| Q1 26 | 2.0% | 85.2% | ||
| Q4 25 | -8.2% | 84.8% | ||
| Q3 25 | 2.7% | 85.3% | ||
| Q2 25 | 3.8% | 85.1% | ||
| Q1 25 | 2.8% | 55.2% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 5.4% | — |
| Q1 26 | 1.4% | 63.0% | ||
| Q4 25 | — | 64.5% | ||
| Q3 25 | 3.1% | 58.6% | ||
| Q2 25 | 3.2% | 75.7% | ||
| Q1 25 | 2.4% | 48.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.2% | — |
| Q1 26 | $0.17 | $0.74 | ||
| Q4 25 | $-0.68 | $0.74 | ||
| Q3 25 | $0.35 | $0.63 | ||
| Q2 25 | $0.36 | $0.68 | ||
| Q1 25 | $0.24 | $0.39 | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $0.47 | — | ||
| Q2 24 | $0.44 | — |
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 | $5.9B |
| Total Assets | $1.0B | $9.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $35.0M | ||
| Q3 25 | $2.7M | $242.6M | ||
| Q2 25 | $143.0K | $66.6M | ||
| Q1 25 | $11.2M | $89.5M | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $35.2M | — | ||
| Q2 24 | $1.3M | — |
| 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 | $5.9B | ||
| Q4 25 | $404.0M | $5.9B | ||
| Q3 25 | $423.7M | $5.9B | ||
| Q2 25 | $416.9M | $5.9B | ||
| Q1 25 | $443.6M | $5.9B | ||
| Q4 24 | $438.3M | — | ||
| Q3 24 | $431.6M | — | ||
| Q2 24 | $419.4M | — |
| Q1 26 | $1.0B | $9.6B | ||
| Q4 25 | $1.0B | $9.3B | ||
| Q3 25 | $1.0B | $9.0B | ||
| Q2 25 | $1.0B | $8.0B | ||
| Q1 25 | $980.0M | $7.2B | ||
| Q4 24 | $997.6M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $995.0M | — |
| 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
| Freight revenue | $281.9M | 92% |
| Other | $25.2M | 8% |
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
