COVENANT LOGISTICS GROUP, INC. CVLG

Industrials SIC 4213 - Trucking (No Local) NAICS Transportation and Warehousing › Truck Transportation derived NYSE

We were founded in 1986 as a provider of expedited freight transportation, primarily using two-person driver teams in transcontinental lanes. Since that time, we have grown from 25 tractors to approximately 2,300 tractors and expanded our services to include a wide array of transportation and logistics services for our customers. We are strategically focused on continuing to integrate into the supply chain of our customers and reducing our seasonal and cyclical volatility. Our 2018 acquisition of Landair Holdings, Inc., Landair Transport, LLC, Landair Logistics, LLC, and Landair Leasing, Inc. (collectively, "Landair"), our 2022 acquisition of AAT Carriers, Inc. ("AAT"), and our 2023 acquisitions of Lew Thompson & Son Trucking, LLC, Lew Thompson & Son Leasing LLC, Lew Thompson & Son Dedicated Leasing, LLC, Josh Thompson Trucking, LLC (collectively "LTST") and Sims Transport Services LLC ("Sims"), and our 2025 acquisition of assets we are operating as Star Logistics Solutions ("Star") are examples of that commitment. Landair is a leading dedicated truckload carrier and supplier of transportation management, warehousing, and logistics inventory management systems. AAT specializes in highly regulated, time-sensitive loads for the U.S. government. LTST specializes in poultry feed and live haul transportation. Sims is a specialized brokerage company. Star provides freight brokerage services.

Last close 29.19 2026-10-23
Market cap $736.0M estimated share count
52-week range 18.00 - 49.88

Valuation FY2025 figures against the last close

P/S0.6x
P/E108.1x
P/FCF—
EV/EBITDA12.1x
Dividend yield1.0%
Diluted EPS0.27

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.16B$1.13B$1.10B$1.22B$1.05B$838.6M$885.4M$880.4M$705.0M$670.7M
Total operating expenses $1.16B$1.09B$1.04B$1.10B$978.8M$852.6M$876.6M$825.0M$676.9M$638.2M
Operating income $2.9M$44.8M$58.8M$120.7M$67.2M-$14.0M$8.8M$55.4M$28.2M$32.4M
Pre-tax income $5.6M$45.9M$72.2M$142.8M$79.2M-$16.9M$7.6M$55.8M$23.3M$27.2M
Income tax $1.2M$10.6M$17.6M$34.9M$21.0M$2.8M$2.3M$14.9M$32.1M$10.4M
Net income $7.2M$35.9M$55.2K$108.7M$60.7M-$42.7M$8.5M$42.5M$55.4M$16.8M
EPS, basic 0.281.372.123.623.61-2.460.462.323.030.93
EPS, diluted 0.271.302.003.503.57-2.460.452.303.020.92
Shares, diluted (wtd. avg.) 26.9M27.7M27.7M31.0M17.0M17.4M18.6M18.5M18.4M18.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $4.9M$35.6M$2.3M$68.7M$8.4M$8.4M$43.6M$23.1M$15.4M$7.8M
Receivables $151.8M$141.6M$142.5M$119.8M$142.4M$91.3M$81.2M$151.1M$104.2M$96.6M
Total current assets $232.8M$213.8M$185.9M$222.7M$188.5M$147.8M$254.4M$211.6M$162.3M$135.0M
Property, plant and equipment —$524.8M$514.7M$407.7M$346.5M$391.5M$517.2M$450.6M$464.1M$465.5M
Goodwill $80.5M$78.9M$75.7M$58.2M$42.5M$42.5M$42.5M$41.6M$0$0
Other intangibles $105.6M$90.1M$99.6M$48.2M$20.5M$24.5M$29.6M$32.5M$0$0
Total assets $1.05B$997.6M$954.4M$796.6M$651.7M$676.7M$881.6M$773.5M$649.7M$620.5M
Accounts payable $45.5M$31.9M$33.2M$33.9M$29.9M$31.7M$19.5M$22.1M$11.9M$13.0M
Short-term debt $64.0M$64.2M$47.7M$18.9M$5.7M$7.6M$54.4M$28.7M$24.6M$24.9M
Total current liabilities $210.0M$181.3M$170.3M$156.1M$142.7M$133.4M$161.3M$127.3M$81.2M$87.8M
Long-term debt $234.0M$187.1M$196.9M$90.4M$20.3M$47.9M$200.2M$166.6M$164.5M$168.7M
Total liabilities $641.6M$559.2M$551.0M$419.5M$302.0M$386.1M$531.5M$430.4M$354.5M$384.1M
Retained earnings $278.2M$278.1M$378.9M$329.5M$225.1M$166.3M$209.0M$200.6M$157.5M$102.0M
Total equity $404.0M$438.3M$403.4M$377.1M$349.7M$290.6M$350.1M$343.1M$295.2M$236.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $113.6M$122.9M$84.8M$159.2M$73.2M$63.0M$64.0M$124.8M$82.9M$102.4M
Depreciation and amortisation $81.9M$77.0M$62.4M$53.2M$49.8M$60.4M$77.6M$74.4M$71.4M$71.4M
Stock-based compensation $3.6M$3.7M$7.1M$6.6M$9.1M————$1.2M
Capital expenditure $147.6M$153.0M$217.6M$100.5M$35.3M$94.0M$138.3M$75.1M$110.8M$112.8M
Investing cash flow -$140.1M-$107.7M-$235.9M-$86.2M$10.3M$138.0M-$93.0M-$120.9M-$62.1M-$47.3M
Financing cash flow -$4.3M$18.1M$84.7M-$12.8M-$83.6M-$236.3M$49.5M$3.9M-$13.2M-$51.9M
Dividends paid $7.2M$5.8M$5.8M$4.3M$0—————
Buybacks $36.6M$0$25.4M$84.7M$10.3M$17.5M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011971.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 670.7M Net income, FY2016: 16.8M Revenue, FY2017: 705M Net income, FY2017: 55.4M Revenue, FY2018: 880.4M Net income, FY2018: 42.5M Revenue, FY2019: 885.4M Net income, FY2019: 8.5M Revenue, FY2020: 838.6M Net income, FY2020: -42.7M Revenue, FY2021: 1B Net income, FY2021: 60.7M Revenue, FY2022: 1.2B Net income, FY2022: 108.7M Revenue, FY2023: 1.1B Net income, FY2023: 55.2K Revenue, FY2024: 1.1B Net income, FY2024: 35.9M Revenue, FY2025: 1.2B Net income, FY2025: 7.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $670.7M $705.0M $880.4M $885.4M $838.6M $1.05B $1.22B $1.10B $1.13B $1.16B
Gross profit — — — — — — — — — —
Net income $16.8M $55.4M $42.5M $8.5M -$42.7M $60.7M $108.7M $55.2K $35.9M $7.2M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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