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NYSE · TRUCKING (NO LOCAL) · MID CAP

Covenant Logistics Group, Inc. CVLG

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▲ 2.9% YoY
$7.2M
▼ 79.8% YoY
$-33.9M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Covenant Logistics Group, Inc. provides truckload transportation services primarily throughout the continental United States, utilizing equipment it owns or leases or equipment owned by independent contractors. At December 31, 2025, it employed approximately 2,900 drivers and approximately 1,800 non-driver personnel. Its top ten customers accounted for approximately 44% of its total revenue in 2025. It organizes its service offerings into four reportable segments, Expedited, Dedicated, Managed Freight, and Warehousing, which represented 29.95%, 33.47%, 27.08%, and 9.44% of 2025 freight revenue, respectively. In its Expedited business it operates approximately 800 tractors, substantially all driven by two-person driver teams providing truckload services with high service freight and delivery standards, while in its Dedicated business it operates approximately 1,500 tractors, substantially all driven by a solo driver, providing customers with committed truckload capacity over contracted periods with a goal of three to five years in length. The company was founded in 1986 as a provider of expedited freight transportation, primarily using two-person driver teams in transcontinental lanes, and has since grown from 25 tractors to approximately 2,300 tractors.

Written from the business description in COVENANT LOGISTICS GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.2B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income 0.0
0.5B1.0B
2009201220152018202120242025
Compound annual growth
−1.5%
+6.8%
+4.9%
+4.0%
−59.5%
−16.1%
+5.4%
−57.4%
−21.2%
+19.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 0.3% · Net 0.6%
5%-2%-4%
200920172025
ROE
FY2025 · ROE 1.7%
10%20%-10%-20%
200920172025
Three returns, three denominators.

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders

USD 43.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -33.9
25.0M50.0M-50.0M-100.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 7.2 · Net buybacks 36.2
40M80MDividendsNet buybacks
201520182019202020212022202320242025

USD 7.2M in dividends and USD 36.2M in buybacks — 599% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.0B
EquityUSD 404.0M
CashUSD 4.9M
Gross debtUSD 298.1M
Net debtUSD 293.1M
Current ratio1.11×

Net debt stands at 73% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CVLG, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.21.11.11.21.00.80.90.90.70.70.70.70.70.70.70.60.6
Operating income $B0.00.00.10.10.1−0.00.00.10.00.00.10.00.00.0−0.00.0−0.0
EBITDA $B0.10.10.10.20.10.00.10.10.10.10.10.10.10.10.10.10.0
Income tax $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.00.0−0.00.0−0.0
Net income $B0.00.00.10.10.1−0.00.00.00.10.00.00.00.00.0−0.00.0−0.0
Free cash flow $B−0.0−0.0−0.10.10.0−0.0−0.10.0−0.0−0.0−0.1−0.1−0.10.0−0.1−0.1−0.1
EPS, diluted $0.271.302.003.503.57−2.460.452.303.020.922.301.150.350.41−0.970.23−1.77
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %99161040————————————
ROE %1.78.514.229.919.0−13.32.413.320.97.722.713.25.46.7−15.23.4−26.4

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTrucking (No Local)
Listed onNYSE
Incorporated inNevada
Fiscal year endsDecember 31
Data on record since2009

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