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COVENANT LOGISTICS GROUP, INC.（CVLG）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
COVENANT LOGISTICS GROUP, INC.的季度营收约是FTAI Infrastructure Inc.的2.1倍（$307.2M vs $143.5M），COVENANT LOGISTICS GROUP, INC.净利率更高（1.4% vs -68.1%，领先69.5%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 14.0%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 3.4%）
圣约物流集团（Covenant Logistics Group, Inc.）是一家美国公路货运企业，总部位于田纳西州查塔努加，在纽约证券交易所上市。公司核心业务涵盖温控卡车运输、区域配送以及长途团队司机货运服务，专注于整车运输领域。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
CVLG vs FIP — 直观对比
营收规模更大
CVLG
是对方的2.1倍
$143.5M
营收增速更快
FIP
高出63.7%
14.0%
净利率更高
CVLG
高出69.5%
-68.1%
两年增速更快
FIP
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $307.2M | $143.5M |
| 净利润 | $4.4M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | -45.7% |
| 净利率 | 1.4% | -68.1% |
| 营收同比 | 14.0% | 77.7% |
| 净利润同比 | -32.7% | 21.6% |
| 每股收益（稀释后） | $0.17 | $-1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CVLGFIP
| Q1 26 | $307.2M | — | ||
| Q4 25 | $295.4M | $143.5M | ||
| Q3 25 | $296.9M | $140.6M | ||
| Q2 25 | $302.9M | $122.3M | ||
| Q1 25 | $269.4M | $96.2M | ||
| Q4 24 | $277.3M | $80.8M | ||
| Q3 24 | $287.9M | $83.3M | ||
| Q2 24 | $287.5M | $84.9M |
净利润CVLGFIP
| Q1 26 | $4.4M | — | ||
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $9.1M | $-104.5M | ||
| Q2 25 | $9.8M | $-70.0M | ||
| Q1 25 | $6.6M | $120.2M | ||
| Q4 24 | — | $-124.7M | ||
| Q3 24 | $13.0M | $-43.0M | ||
| Q2 24 | $12.2M | $-48.1M |
营业利润率CVLGFIP
| Q1 26 | 2.0% | — | ||
| Q4 25 | -8.2% | -45.7% | ||
| Q3 25 | 2.7% | -70.8% | ||
| Q2 25 | 3.8% | -56.4% | ||
| Q1 25 | 2.8% | 81.8% | ||
| Q4 24 | 3.1% | -152.7% | ||
| Q3 24 | 5.6% | -51.7% | ||
| Q2 24 | 5.4% | -56.4% |
净利率CVLGFIP
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | -68.1% | ||
| Q3 25 | 3.1% | -74.4% | ||
| Q2 25 | 3.2% | -57.2% | ||
| Q1 25 | 2.4% | 125.0% | ||
| Q4 24 | — | -154.4% | ||
| Q3 24 | 4.5% | -51.6% | ||
| Q2 24 | 4.2% | -56.7% |
每股收益（稀释后）CVLGFIP
| Q1 26 | $0.17 | — | ||
| Q4 25 | $-0.68 | $-1.04 | ||
| Q3 25 | $0.35 | $-1.38 | ||
| Q2 25 | $0.36 | $-0.73 | ||
| Q1 25 | $0.24 | $0.89 | ||
| Q4 24 | $0.25 | $-1.21 | ||
| Q3 24 | $0.47 | $-0.45 | ||
| Q2 24 | $0.44 | $-0.52 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $57.4M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $407.6M | $21.3M |
| 总资产 | $1.0B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $57.4M | ||
| Q3 25 | $2.7M | $34.7M | ||
| Q2 25 | $143.0K | $33.6M | ||
| Q1 25 | $11.2M | $26.3M | ||
| Q4 24 | $35.6M | $27.8M | ||
| Q3 24 | $35.2M | $20.3M | ||
| Q2 24 | $1.3M | $33.1M |
总债务CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | $261.7M | $3.8B | ||
| Q3 25 | $233.3M | $3.7B | ||
| Q2 25 | $245.8M | $3.1B | ||
| Q1 25 | $216.3M | $2.8B | ||
| Q4 24 | $221.6M | $1.6B | ||
| Q3 24 | $231.4M | $1.5B | ||
| Q2 24 | $235.0M | $1.6B |
股东权益CVLGFIP
| Q1 26 | $407.6M | — | ||
| Q4 25 | $404.0M | $21.3M | ||
| Q3 25 | $423.7M | $181.1M | ||
| Q2 25 | $416.9M | $375.5M | ||
| Q1 25 | $443.6M | $476.2M | ||
| Q4 24 | $438.3M | $202.7M | ||
| Q3 24 | $431.6M | $370.8M | ||
| Q2 24 | $419.4M | $394.8M |
总资产CVLGFIP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $5.7B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.0B | $4.4B | ||
| Q1 25 | $980.0M | $4.1B | ||
| Q4 24 | $997.6M | $2.4B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $995.0M | $2.5B |
负债/权益比CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | 0.65× | 176.99× | ||
| Q3 25 | 0.55× | 20.59× | ||
| Q2 25 | 0.59× | 8.21× | ||
| Q1 25 | 0.49× | 5.79× | ||
| Q4 24 | 0.51× | 7.84× | ||
| Q3 24 | 0.54× | 4.14× | ||
| Q2 24 | 0.56× | 3.94× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-68.6M |
| 自由现金流率自由现金流/营收 | — | -47.8% |
| 资本支出强度资本支出/营收 | — | 45.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-398.5M |
8季度趋势，按日历期对齐
经营现金流CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | $25.5M | $-2.8M | ||
| Q3 25 | $41.4M | $-24.4M | ||
| Q2 25 | $21.9M | $-5.2M | ||
| Q1 25 | $24.8M | $-85.7M | ||
| Q4 24 | $21.9M | $-8.1M | ||
| Q3 24 | $56.9M | $14.2M | ||
| Q2 24 | $22.4M | $-17.6M |
自由现金流CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $-68.6M | ||
| Q3 25 | $-7.8M | $-90.7M | ||
| Q2 25 | $-14.5M | $-87.5M | ||
| Q1 25 | $-8.6M | $-151.7M | ||
| Q4 24 | $464.0K | $-34.3M | ||
| Q3 24 | $24.3M | $-11.7M | ||
| Q2 24 | $-28.1M | $-32.1M |
自由现金流率CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -47.8% | ||
| Q3 25 | -2.6% | -64.5% | ||
| Q2 25 | -4.8% | -71.6% | ||
| Q1 25 | -3.2% | -157.7% | ||
| Q4 24 | 0.2% | -42.4% | ||
| Q3 24 | 8.4% | -14.0% | ||
| Q2 24 | -9.8% | -37.9% |
资本支出强度CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 45.9% | ||
| Q3 25 | 16.6% | 47.2% | ||
| Q2 25 | 12.0% | 67.3% | ||
| Q1 25 | 12.4% | 68.6% | ||
| Q4 24 | 7.7% | 32.5% | ||
| Q3 24 | 11.3% | 31.1% | ||
| Q2 24 | 17.6% | 17.2% |
现金转化率CVLGFIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.55× | — | ||
| Q2 25 | 2.23× | — | ||
| Q1 25 | 3.78× | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.36× | — | ||
| Q2 24 | 1.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CVLG
| Freight revenue | $281.9M | 92% |
| Fuel surcharge revenue | $25.2M | 8% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
