Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
CVLG · NYSE · United States · Trucking (No Local)
In shortCOVENANT LOGISTICS GROUP, INC. is profitable, burns cash and carries moderate debt, with revenue growing (+2.9% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 0.3% | 18/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 0.6% | 22/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.7% | 9/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.3% | 2/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.11× | 26/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.74× | 70/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.06× | 27/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.24× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.69 | 15/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -2.9% | 8/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -4.69× | 0/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 13.3% | 62/100 |
| Operating margin volatility | 3.5% | 77/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -1.5% | 9/100 |
|---|---|---|
| EPS growth, 3-year average | -57.4% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,046 | 1,217 | 1,104 | 1,131 | 1,164 |
| Operating income | 67 | 121 | 59 | 45 | 2.9 |
| Interest expense | 2.8 | 3.1 | 8 | 14 | 12 |
| Pre-tax income | 79 | 143 | 72 | 46 | 5.6 |
| Income tax | 21 | 35 | 18 | 11 | 1.2 |
| Net income | 61 | 109 | 55 | 36 | 7.2 |
| Diluted EPS | $3.57 | $3.50 | $2.00 | $1.30 | $0.27 |
| Diluted shares (millions) | 17 | 31 | 28 | 28 | 27 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of COVENANT LOGISTICS GROUP, INC. are included in the Investor plan. Try free for 7 days →
1.69 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 7, 2026