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COVENANT LOGISTICS GROUP, INC.（CVLG）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是COVENANT LOGISTICS GROUP, INC.的2.3倍（$719.9M vs $307.2M）。COVENANT LOGISTICS GROUP, INC.净利率更高（1.4% vs -3.9%，领先5.3%）。COVENANT LOGISTICS GROUP, INC.同比增速更快（14.0% vs -2.3%）。过去两年COVENANT LOGISTICS GROUP, INC.的营收复合增速更高（3.4% vs -2.0%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
CVLG vs WERN — 直观对比
营收规模更大
WERN
是对方的2.3倍
$307.2M
营收增速更快
CVLG
高出16.3%
-2.3%
净利率更高
CVLG
高出5.3%
-3.9%
两年增速更快
CVLG
近两年复合增速
-2.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $307.2M | $719.9M |
| 净利润 | $4.4M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | -5.0% |
| 净利率 | 1.4% | -3.9% |
| 营收同比 | 14.0% | -2.3% |
| 净利润同比 | -32.7% | -333.7% |
| 每股收益（稀释后） | $0.17 | $-0.46 |
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CVLGWERN
| Q1 26 | $307.2M | — | ||
| Q4 25 | $295.4M | $719.9M | ||
| Q3 25 | $296.9M | $752.2M | ||
| Q2 25 | $302.9M | $734.1M | ||
| Q1 25 | $269.4M | $693.4M | ||
| Q4 24 | $277.3M | $736.6M | ||
| Q3 24 | $287.9M | $726.3M | ||
| Q2 24 | $287.5M | $742.7M |
净利润CVLGWERN
| Q1 26 | $4.4M | — | ||
| Q4 25 | — | $-27.8M | ||
| Q3 25 | $9.1M | $-20.6M | ||
| Q2 25 | $9.8M | $44.1M | ||
| Q1 25 | $6.6M | $-10.1M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $13.0M | $6.6M | ||
| Q2 24 | $12.2M | $9.5M |
营业利润率CVLGWERN
| Q1 26 | 2.0% | — | ||
| Q4 25 | -8.2% | -5.0% | ||
| Q3 25 | 2.7% | -1.7% | ||
| Q2 25 | 3.8% | 9.0% | ||
| Q1 25 | 2.8% | -0.8% | ||
| Q4 24 | 3.1% | 1.8% | ||
| Q3 24 | 5.6% | 2.4% | ||
| Q2 24 | 5.4% | 2.6% |
净利率CVLGWERN
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | -3.9% | ||
| Q3 25 | 3.1% | -2.7% | ||
| Q2 25 | 3.2% | 6.0% | ||
| Q1 25 | 2.4% | -1.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 4.5% | 0.9% | ||
| Q2 24 | 4.2% | 1.3% |
每股收益（稀释后）CVLGWERN
| Q1 26 | $0.17 | — | ||
| Q4 25 | $-0.68 | $-0.46 | ||
| Q3 25 | $0.35 | $-0.34 | ||
| Q2 25 | $0.36 | $0.72 | ||
| Q1 25 | $0.24 | $-0.16 | ||
| Q4 24 | $0.25 | $0.19 | ||
| Q3 24 | $0.47 | $0.11 | ||
| Q2 24 | $0.44 | $0.15 |
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 | — | $59.9M |
| 总债务越低越好 | — | $752.0M |
| 股东权益账面价值 | $407.6M | $1.4B |
| 总资产 | $1.0B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $59.9M | ||
| Q3 25 | $2.7M | $51.0M | ||
| Q2 25 | $143.0K | $51.4M | ||
| Q1 25 | $11.2M | $52.0M | ||
| Q4 24 | $35.6M | $40.8M | ||
| Q3 24 | $35.2M | $54.7M | ||
| Q2 24 | $1.3M | $70.4M |
总债务CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | $261.7M | $752.0M | ||
| Q3 25 | $233.3M | $725.0M | ||
| Q2 25 | $245.8M | $725.0M | ||
| Q1 25 | $216.3M | $640.0M | ||
| Q4 24 | $221.6M | $650.0M | ||
| Q3 24 | $231.4M | $690.0M | ||
| Q2 24 | $235.0M | $670.0M |
股东权益CVLGWERN
| Q1 26 | $407.6M | — | ||
| Q4 25 | $404.0M | $1.4B | ||
| Q3 25 | $423.7M | $1.4B | ||
| Q2 25 | $416.9M | $1.4B | ||
| Q1 25 | $443.6M | $1.4B | ||
| Q4 24 | $438.3M | $1.5B | ||
| Q3 24 | $431.6M | $1.4B | ||
| Q2 24 | $419.4M | $1.5B |
总资产CVLGWERN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $2.9B | ||
| Q3 25 | $1.0B | $3.0B | ||
| Q2 25 | $1.0B | $2.9B | ||
| Q1 25 | $980.0M | $3.0B | ||
| Q4 24 | $997.6M | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $995.0M | $3.1B |
负债/权益比CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | 0.65× | 0.55× | ||
| Q3 25 | 0.55× | 0.52× | ||
| Q2 25 | 0.59× | 0.51× | ||
| Q1 25 | 0.49× | 0.45× | ||
| Q4 24 | 0.51× | 0.45× | ||
| Q3 24 | 0.54× | 0.48× | ||
| Q2 24 | 0.56× | 0.46× |
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 | — | $62.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-23.5M |
| 自由现金流率自由现金流/营收 | — | -3.3% |
| 资本支出强度资本支出/营收 | — | 11.9% |
| 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 | — | $-68.5M |
8季度趋势，按日历期对齐
经营现金流CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | $25.5M | $62.3M | ||
| Q3 25 | $41.4M | $44.1M | ||
| Q2 25 | $21.9M | $46.0M | ||
| Q1 25 | $24.8M | $29.4M | ||
| Q4 24 | $21.9M | $71.0M | ||
| Q3 24 | $56.9M | $61.0M | ||
| Q2 24 | $22.4M | $109.1M |
自由现金流CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $-23.5M | ||
| Q3 25 | $-7.8M | $-8.6M | ||
| Q2 25 | $-14.5M | $-42.3M | ||
| Q1 25 | $-8.6M | $5.9M | ||
| Q4 24 | $464.0K | $-9.8M | ||
| Q3 24 | $24.3M | $-73.4M | ||
| Q2 24 | $-28.1M | $-31.2M |
自由现金流率CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -3.3% | ||
| Q3 25 | -2.6% | -1.1% | ||
| Q2 25 | -4.8% | -5.8% | ||
| Q1 25 | -3.2% | 0.8% | ||
| Q4 24 | 0.2% | -1.3% | ||
| Q3 24 | 8.4% | -10.1% | ||
| Q2 24 | -9.8% | -4.2% |
资本支出强度CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 11.9% | ||
| Q3 25 | 16.6% | 7.0% | ||
| Q2 25 | 12.0% | 12.0% | ||
| Q1 25 | 12.4% | 3.4% | ||
| Q4 24 | 7.7% | 11.0% | ||
| Q3 24 | 11.3% | 18.5% | ||
| Q2 24 | 17.6% | 18.9% |
现金转化率CVLGWERN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.55× | — | ||
| Q2 25 | 2.23× | 1.04× | ||
| Q1 25 | 3.78× | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | 4.36× | 9.30× | ||
| Q2 24 | 1.84× | 11.52× |
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% |
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
