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Companies / Industrials / Covenant Logistics Group, Inc.
CVLG

Covenant Logistics Group, Inc.

IndustrialsTransportation & Utilities
Ticker CVLGCHATTANOOGA, TNFiscal year ends DecemberBook value per share $15.90Diluted shares 26.6M

Covenant Logistics Group, Inc. (NYSE: CVLG) provides truckload transportation and logistics services, primarily across the continental United States, for parcel and less-than-truckload carriers, third-party logistics providers, manufacturers, retailers, food and beverage shippers, and the U.S. government. Its four… From the company’s description.

Over the twelve months to Sep 30, 2026, Covenant Logistics Group, Inc. reported revenue of $1.29B, up 12.5% from a year earlier, and net income of $5.40M. Its operating margin was 0.3%, and operations generated $70.40M in cash. In fiscal 2025, it reported revenue of $1.16B, up 2.9% from fiscal 2024, and net income of $7.24M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.16BFY2025
+2.9% year over year
Last 12 mo $1.29B
0.25%FY2025
−3.7 percentage points
Last 12 mo 0.27%
$7.24MFY2025
−79.8% year over year
Last 12 mo $5.40M
5.00%FY2025
−3.2 percentage points
Last 12 mo 1.28%
Cash & financing
$113.65MFY2025
−7.5% year over year
Last 12 mo $70.40M
$-33.92MFY2025
−12.8% year over year
Last 12 mo $-37.17M
0.75FY2025
Was 0.58× a year earlier
Last 12 mo 0.68
26.9MFY2025
−2.9% year over year
Last 12 mo 26.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Covenant Logistics Group, Inc. does

In the company’s own words

Covenant Logistics Group, Inc. (NYSE: CVLG) provides truckload transportation and logistics services, primarily across the continental United States, for parcel and less-than-truckload carriers, third-party logistics providers, manufacturers, retailers, food and beverage shippers, and the U.S. government. Its four reportable segments are Expedited, which handles time-sensitive freight; Dedicated, which supplies contracted truckload capacity and related shuttle services; Managed Freight, which provides brokerage and transportation management; and Warehousing, which manages customer warehouse operations. In 2025, these offerings generated 29.95%, 33.47%, 27.08%, and 9.44%, respectively, of freight revenue, which excludes fuel surcharges. The company also holds a 49% interest in Transport Enterprise Leasing, a tractor and trailer leasing and used-equipment resale business. Founded in 1986 as an expedited carrier, Covenant has expanded through acquisitions, including Landair, AAT, Lew Thompson & Son Trucking, Sims Transport Services, and Star Logistics Solutions. At year-end 2025, it operated 2,315 tractors and employed approximately 4,700 drivers and non-driver personnel.

Company details
Sector
Industrials
Industry (SIC)
Transportation & Utilities
Headquarters
CHATTANOOGA, TN
Fiscal year end
December
CIK
928658
SIC
4213

Financial performance, year by year

Fiscal 2011–2025 · USD
$-175.92M$223.69M$623.29M$1.02B$1.42B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Covenant Logistics Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

203
funds hold it
1 of 35
superinvestors hold it
$280.98M
held by funds, at market
33.6%
of shares held by funds

Superinvestors in Covenant Logistics Group, Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Covenant Logistics Group, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Covenant Logistics Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Covenant Logistics Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Covenant Logistics Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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