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Side-by-side financial comparison of COVENANT LOGISTICS GROUP, INC. (CVLG) and Ribbon Communications Inc. (RBBN). 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 $162.6M, roughly 1.9× Ribbon Communications Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 1.4%, a 53.3% gap on every dollar of revenue. On growth, COVENANT LOGISTICS GROUP, INC. posted the faster year-over-year revenue change (14.0% vs -10.3%). Over the past eight quarters, COVENANT LOGISTICS GROUP, INC.'s revenue compounded faster (3.4% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

CVLG vs RBBN — Head-to-Head

Bigger by revenue
CVLG
CVLG
1.9× larger
CVLG
$307.2M
$162.6M
RBBN
Growing faster (revenue YoY)
CVLG
CVLG
+24.3% gap
CVLG
14.0%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
53.3% more per $
RBBN
54.8%
1.4%
CVLG
Faster 2-yr revenue CAGR
CVLG
CVLG
Annualised
CVLG
3.4%
-8.1%
RBBN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CVLG
CVLG
RBBN
RBBN
Revenue
$307.2M
$162.6M
Net Profit
$4.4M
$89.1M
Gross Margin
42.9%
Operating Margin
2.0%
37.6%
Net Margin
1.4%
54.8%
Revenue YoY
14.0%
-10.3%
Net Profit YoY
-32.7%
EPS (diluted)
$0.17
$0.50

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
RBBN
RBBN
Q1 26
$307.2M
$162.6M
Q4 25
$295.4M
$227.3M
Q3 25
$296.9M
$215.4M
Q2 25
$302.9M
$220.6M
Q1 25
$269.4M
$181.3M
Q4 24
$277.3M
$251.4M
Q3 24
$287.9M
$210.2M
Q2 24
$287.5M
$192.6M
Net Profit
CVLG
CVLG
RBBN
RBBN
Q1 26
$4.4M
$89.1M
Q4 25
Q3 25
$9.1M
$-12.1M
Q2 25
$9.8M
$-11.1M
Q1 25
$6.6M
$-26.2M
Q4 24
Q3 24
$13.0M
$-13.4M
Q2 24
$12.2M
$-16.8M
Gross Margin
CVLG
CVLG
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
CVLG
CVLG
RBBN
RBBN
Q1 26
2.0%
37.6%
Q4 25
-8.2%
4.1%
Q3 25
2.7%
1.3%
Q2 25
3.8%
1.9%
Q1 25
2.8%
-10.8%
Q4 24
3.1%
13.2%
Q3 24
5.6%
-0.4%
Q2 24
5.4%
-1.0%
Net Margin
CVLG
CVLG
RBBN
RBBN
Q1 26
1.4%
54.8%
Q4 25
Q3 25
3.1%
-5.6%
Q2 25
3.2%
-5.0%
Q1 25
2.4%
-14.5%
Q4 24
Q3 24
4.5%
-6.4%
Q2 24
4.2%
-8.7%
EPS (diluted)
CVLG
CVLG
RBBN
RBBN
Q1 26
$0.17
$0.50
Q4 25
$-0.68
$0.50
Q3 25
$0.35
$-0.07
Q2 25
$0.36
$-0.06
Q1 25
$0.24
$-0.15
Q4 24
$0.25
$0.05
Q3 24
$0.47
$-0.08
Q2 24
$0.44
$-0.10

Balance Sheet & Financial Strength

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

Metric
CVLG
CVLG
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$407.6M
$419.1M
Total Assets
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLG
CVLG
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$4.9M
$96.4M
Q3 25
$2.7M
$74.8M
Q2 25
$143.0K
$60.5M
Q1 25
$11.2M
$71.2M
Q4 24
$35.6M
$87.8M
Q3 24
$35.2M
$37.2M
Q2 24
$1.3M
$64.6M
Total Debt
CVLG
CVLG
RBBN
RBBN
Q1 26
Q4 25
$261.7M
$342.1M
Q3 25
$233.3M
$344.3M
Q2 25
$245.8M
$346.5M
Q1 25
$216.3M
$347.4M
Q4 24
$221.6M
$348.3M
Q3 24
$231.4M
$349.1M
Q2 24
$235.0M
$350.0M
Stockholders' Equity
CVLG
CVLG
RBBN
RBBN
Q1 26
$407.6M
$419.1M
Q4 25
$404.0M
$449.0M
Q3 25
$423.7M
$360.1M
Q2 25
$416.9M
$370.4M
Q1 25
$443.6M
$381.8M
Q4 24
$438.3M
$404.6M
Q3 24
$431.6M
$395.5M
Q2 24
$419.4M
$405.0M
Total Assets
CVLG
CVLG
RBBN
RBBN
Q1 26
$1.0B
Q4 25
$1.0B
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$980.0M
$1.1B
Q4 24
$997.6M
$1.2B
Q3 24
$1.0B
$1.1B
Q2 24
$995.0M
$1.1B
Debt / Equity
CVLG
CVLG
RBBN
RBBN
Q1 26
Q4 25
0.65×
0.76×
Q3 25
0.55×
0.96×
Q2 25
0.59×
0.94×
Q1 25
0.49×
0.91×
Q4 24
0.51×
0.86×
Q3 24
0.54×
0.88×
Q2 24
0.56×
0.86×

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%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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