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Covenant Logistics Group, Inc.

Industrials US CVLG

26.4USD
-0.29(1.09%)

Last update at 2026-03-10T20:00:00Z

Day Range

26.3827.22
LowHigh

52 Week Range

37.7957.17
LowHigh

Fundamentals

  • Previous Close 26.69
  • Market Cap621.49M
  • Volume126226
  • P/E Ratio15.59
  • Dividend Yield0.93%
  • EBITDA129.48M
  • Revenue TTM1115.49M
  • Revenue Per Share TTM85.94
  • Gross Profit TTM 238.11M
  • Diluted EPS TTM3.04

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 142.79M 79.15M -16.92400M 11.94M 58.01M
Minority interest - - - - -
Net income 108.68M 60.73M -14.12000M 8.48M 42.50M
Selling general administrative 93.69M 73.02M 93.09M 85.13M 73.62M
Selling and marketing expenses - - - - -
Gross profit 185.99M 147.28M 109.55M 114.19M 144.44M
Reconciled depreciation 57.51M 53.88M 65.48M 80.53M 75.86M
Ebit 48.04M 24.26M -56.70000M -64.49500M -16.87300M
Ebitda 105.55M 78.14M 8.78M 16.03M 58.99M
Depreciation and amortization 57.51M 53.88M 65.48M 80.53M 75.86M
Non operating income net other - 14.78M 3.94M - -
Operating income 48.04M 24.26M -56.70000M -64.49500M 58.99M
Other operating expenses 1136.50M 982.64M 833.73M 878.49M 826.47M
Interest expense 3.08M 2.79M 6.84M 11.11M 8.71M
Tax provision 34.86M 20.96M -2.80400M 3.46M 15.51M
Interest income - - - 4.09M 0.98M
Net interest income -3.08300M -2.79100M -6.84100M -11.11000M -8.70800M
Extraordinary items - - - - -
Non recurring - -3.79900M 18.86M - -
Other items - - - - -
Income tax expense 34.86M 20.96M -2.80400M 3.46M 15.51M
Total revenue 1216.86M 1046.00M 838.56M 894.53M 885.46M
Total operating expenses 105.62M 83.92M 104.71M 98.15M 85.45M
Cost of revenue 1030.87M 898.72M 729.01M 780.34M 741.02M
Total other income expense net 94.75M 54.89M 39.78M 76.44M 7.73M
Discontinued operations 0.75M 2.54M -28.59800M 3.26M 1.64M
Net income from continuing ops 107.93M 58.19M -14.12000M 8.48M 42.50M
Net income applicable to common shares 108.68M 60.73M -42.71800M 8.48M 42.50M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1004.38M 796.64M 651.66M 676.72M 881.85M
Intangible assets 99.61M 48.17M 20.48M 24.52M 29.61M
Earning assets - - - - -
Other current assets 25.19M 0.37M 15.46M 0.27M 1.13M
Total liab 600.97M 419.52M 301.96M 386.07M 531.74M
Total stockholder equity 403.42M 377.13M 349.70M 290.64M 350.11M
Deferred long term liab - - - 74.55M -
Other current liab 76.75M 79.82M 0.56M 1.46M 0.18M
Common stock 0.18M 0.18M 0.18M 0.20M 0.20M
Capital stock 0.18M 0.18M 0.18M 0.20M 0.20M
Retained earnings 378.92M 329.47M 225.08M 166.32M 209.04M
Other liab - 126.17M 113.35M 172.57M 103.20M
Good will 75.75M 58.22M 42.52M 42.52M 42.52M
Other assets 1202.36M 5.14M 9.46M 36.07M 0.21M
Cash 2.29M 68.67M 8.41M 8.41M 43.59M
Cash and equivalents - - - - -
Total current liabilities 170.29M 156.12M 142.75M 133.38M 161.26M
Current deferred revenue - - 83.90M 68.76M 53.64M
Net debt 291.17M 110.96M 65.84M 103.18M 305.17M
Short term debt 60.38M 42.40M 28.38M 31.47M 81.69M
Short long term debt 47.65M 18.90M 5.72M 8.79M 54.97M
Short long term debt total 293.46M 179.63M 74.25M 111.59M 348.76M
Other stockholder equity 23.50M 46.39M 125.74M 126.37M 141.88M
Property plant equipment - 407.74M 346.48M 391.45M 517.20M
Total current assets 185.94M 222.66M 188.53M 147.80M 254.38M
Long term investments 66.33M 54.73M 44.20M 34.37M 31.91M
Net tangible assets - 270.74M 266.31M 223.61M 277.98M
Short term investments - - - - -
Net receivables 153.61M 128.41M 161.33M 109.07M 181.74M
Long term debt 196.89M 90.37M 20.35M 47.89M 200.18M
Inventory 4.85M 3.52M 3.32M 3.12M 4.21M
Accounts payable 33.16M 33.90M 29.91M 31.70M 25.75M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.82M 1.09M -1.30600M -2.25100M -1.01400M
Additional paid in capital - - - - -
Common stock total equity - - 0.18M 0.20M 0.20M
Preferred stock total equity - - - - -
Retained earnings total equity - - 225.08M 166.32M -
Treasury stock - - -23.66200M -17.06700M -
Accumulated amortization - - - - -
Non currrent assets other 7.49M 4.12M 2.13M 11.69M 6.01M
Deferred long term asset charges - - - - -
Non current assets total 818.44M 573.99M 463.13M 528.92M 627.25M
Capital lease obligations 48.92M 70.36M 48.18M 54.91M 93.61M
Long term debt total - - - 47.89M 226.19M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -86.20800M 1.50M 138.05M -1.36500M -120.89700M
Change to liabilities -6.21700M 16.34M 19.83M -15.51300M 19.23M
Total cashflows from investing activities -86.20800M 10.34M 138.05M -93.02900M -120.89700M
Net borrowings 77.46M -71.87700M -218.48700M 50.57M 4.12M
Total cash from financing activities -12.76900M -83.55700M -236.27000M 49.46M 3.87M
Change to operating activities -9.56100M -32.36300M 32.73M 1.43M 0.28M
Net income 108.68M 60.73M -42.71800M 8.48M 42.50M
Change in cash 60.25M 0.00500M -35.18400M 20.46M 7.77M
Begin period cash flow 8.41M 8.41M 43.59M 23.13M 15.36M
End period cash flow 68.67M 8.41M 8.41M 43.59M 23.13M
Total cash from operating activities 159.23M 73.22M 63.04M 64.03M 124.80M
Issuance of capital stock - - - - -
Depreciation 57.51M 53.88M 65.48M 80.53M 75.86M
Other cashflows from investing activities - 45.64M 108.38M 108.38M 108.38M
Dividends paid 4.29M 4.29M 4.29M 4.29M -
Change to inventory -0.19300M -0.20400M 1.09M -0.14300M 0.17M
Change to account receivables 39.47M 1.34M -60.84900M -6.70600M -27.19900M
Sale purchase of stock -84.72300M -10.34800M -17.48600M - -
Other cashflows from financing activities 154.16M 643.54M 1417.81M 1839.21M 1700.63M
Change to netincome -30.45800M 11.37M 47.32M -4.19200M 13.80M
Capital expenditures 100.47M 35.28M 94.05M 138.27M 75.14M
Change receivables - -36.54400M -60.84900M - -
Cash flows other operating - 0.28M 3.82M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - 0.00500M -35.18400M - -
Change in working capital 23.49M -52.76600M -7.19300M -20.93000M -7.51400M
Stock based compensation 6.59M 9.06M 2.27M 0.82M 5.18M
Other non cash items -50.48700M -15.76600M 60.13M -8.21300M -5.02100M
Free cash flow 58.76M 37.93M -31.00900M -74.24200M 49.66M

Peer Comparison

Sector: Industrials Industry: Trucking

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CVLG
Covenant Logistics Group, Inc.		 -0.29 1.09% 26.40 15.59 10.57 0.54 1.47 0.80 5.90
ODFL
Old Dominion Freight Line Inc		 -2.2 1.12% 195.02 30.51 34.13 8.20 11.31 8.15 24.23
SAIA
Saia Inc		 -12.75 3.46% 356.03 28.99 35.59 5.32 7.90 5.27 23.43
XPO
XPO Logistics Inc		 0.36 0.19% 194.68 109.66 27.55 1.32 8.40 1.69 17.61
KNX
Knight Transportation Inc		 -0.43 0.74% 57.32 25.16 18.73 1.34 1.31 1.77 9.57

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Profile

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Covenant Logistics Group, Inc.

400 Birmingham Highway, Chattanooga, TN, United States, 37419

Key Executives

Name Title Year Born
Mr. David Ray Parker Chairman & CEO 1958
Mr. Joey B. Hogan Pres 1962
Mr. James S. Grant III Exec. VP & CFO 1979
Mr. M. Paul Bunn Sr. Exec. VP & COO 1978
Mr. Samuel F. Hough Exec. VP of Expedited Operations 1966
Mr. John A. Tweed Advisor to CEO 1966
Ms. Lynn Doster Exec. VP of Dedicated Operations 1966
Mr. James C. Heartfield ESQ. Gen. Counsel 1965
Mr. Matthew T. Anderson Sr. VP of Sales & Marketing 1964
Ms. Joey Ballard Exec. VP of People & Safety 1975

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