Covenant Logistics Group, Inc. (CVLG) Quarterly Income Statement

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Covenant Logistics Group, Inc. (CVLG) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

CVLG Income Statement

Covenant Logistics Group, Inc. (CVLG) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	332.87M	307.16M	295.37M	296.89M	302.85M	269.36M	277.33M	287.88M	287.5M	278.76M	273.99M	288.72M	274.02M	266.85M	296.06M	311.84M	317.38M	291.58M	294.23M	274.56M
Revenue Growth %	9.91%	14.04%	6.51%	3.13%	5.34%	-3.37%	1.22%	-0.29%	4.92%	4.46%	-7.46%	-7.41%	-13.66%	-8.48%	0.62%	13.58%	23.82%	32.01%	30.64%	30.23%
Cost of Goods Sold	306.43M	281.32M	258.49M	254.46M	254.12M	227.47M	230.48M	242.71M	253.05M	232.74M	230.85M	244.7M	235.87M	227.95M	257.17M	262.78M	265.04M	245.88M	254.16M	234.66M
COGS % of Revenue	92.06%	91.59%	87.51%	85.71%	83.91%	84.45%	83.1%	84.31%	88.02%	83.49%	84.26%	84.75%	86.08%	85.42%	86.87%	84.27%	83.51%	84.33%	86.38%	85.47%
Gross Profit	26.44M	25.84M	36.88M	42.42M	48.74M	41.88M	46.85M	45.18M	34.45M	46.02M	43.13M	44.02M	38.15M	38.9M	38.88M	49.06M	52.34M	45.7M	40.07M	39.91M
Gross Margin %	7.94%	8.41%	12.49%	14.29%	16.09%	15.55%	16.89%	15.69%	11.98%	16.51%	15.74%	15.25%	13.92%	14.58%	13.13%	15.73%	16.49%	15.67%	13.62%	14.53%
Gross Profit Growth %	-45.75%	-38.3%	-21.28%	-6.1%	41.49%	-8.99%	8.63%	2.63%	-9.7%	18.3%	10.93%	-10.27%	-27.11%	-14.88%	-2.97%	22.95%	38.22%	55.25%	27.82%	32.96%
Operating Expenses	17.3M	19.22M	43.67M	34.5M	37.18M	34.26M	38.24M	28.94M	18.03M	41.69M	28.87M	28.88M	26.36M	21.27M	27.98M	-10M	25.46M	21.86M	21.84M	19.82M
OpEx % of Revenue	5.2%	6.26%	14.78%	11.62%	12.28%	12.72%	13.79%	10.05%	6.27%	14.95%	10.54%	10%	9.62%	7.97%	9.45%	-3.21%	8.02%	7.5%	7.42%	7.22%
Selling, General & Admin	14.28M	0	40.22M	31.68M	30.35M	30.35M	35.28M	25.51M	15.75M	37.62M	25.82M	26.1M	25.03M	27.6M	25.8M	25.49M	23.12M	19.28M	19.29M	18.01M
SG&A % of Revenue	4.29%	-	13.62%	10.67%	10.02%	11.27%	12.72%	8.86%	5.48%	13.5%	9.43%	9.04%	9.14%	10.34%	8.72%	8.17%	7.29%	6.61%	6.55%	6.56%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Operating Income	9.14M	6.62M	-6.78M	7.93M	11.56M	7.63M	8.61M	16.23M	16.41M	4.33M	14.27M	15.14M	11.78M	17.63M	10.9M	59.06M	26.87M	23.85M	18.24M	20.08M
Operating Margin %	2.75%	2.16%	-2.3%	2.67%	3.82%	2.83%	3.11%	5.64%	5.71%	1.56%	5.21%	5.24%	4.3%	6.61%	3.68%	18.94%	8.47%	8.18%	6.2%	7.31%
Operating Income Growth %	-20.95%	-13.2%	-178.75%	-51.18%	-29.55%	75.94%	-39.63%	7.23%	39.3%	-75.41%	30.85%	-74.36%	-56.15%	-26.06%	-40.21%	194.07%	46.59%	126.92%	90.62%	194.86%
EBITDA	31.96M	30.6M	18.07M	30.88M	34.68M	29.42M	30.68M	37.46M	38.54M	25.44M	32.51M	33.32M	30.73M	32.21M	26.68M	73.42M	40.8M	37.29M	30.8M	33.45M
EBITDA Margin %	9.6%	9.96%	6.12%	10.4%	11.45%	10.92%	11.06%	13.01%	13.41%	9.13%	11.87%	11.54%	11.21%	12.07%	9.01%	23.54%	12.86%	12.79%	10.47%	12.18%
EBITDA Growth %	-7.86%	3.99%	-41.09%	-17.56%	-10.01%	15.64%	-5.62%	12.41%	25.44%	-21%	21.84%	-54.61%	-24.7%	-13.64%	-13.38%	119.49%	26.74%	51.62%	29.61%	65.27%
D&A (Non-Cash Add-back)	22.82M	23.98M	24.86M	22.95M	23.12M	21.8M	22.07M	21.22M	22.13M	21.11M	18.24M	18.18M	18.94M	14.57M	15.78M	14.36M	13.93M	13.45M	12.56M	13.37M
EBIT	9.14M	9.97M	-21.09M	11.5M	15.83M	11.4M	11.56M	20.23M	19.67M	8.01M	18.99M	20.48M	17.16M	23.57M	14.84M	66.46M	33.95M	30.63M	23.45M	23.31M
Net Interest Income	-2.98M	-3.89M	-3.26M	-3.47M	-2.47M	-2.86M	-3.23M	-3.2M	-3.8M	-3.34M	-2.44M	-2.64M	-2.12M	-769K	-827K	-935K	-766K	-555K	-616K	-724K
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	2.98M	3.89M	3.26M	3.47M	2.47M	2.86M	3.23M	3.2M	3.8M	3.34M	2.44M	2.64M	2.12M	769K	827K	935K	766K	555K	616K	724K
Other Income/Expense	1.99M	-537K	-17.57M	110K	1.8M	919K	-285K	789K	-542K	338K	2.29M	2.7M	3.26M	5.17M	3.1M	6.46M	6.31M	6.23M	4.59M	2.51M
Pretax Income	11.13M	6.08M	-24.35M	8.04M	13.36M	8.55M	8.33M	17.02M	15.87M	4.67M	16.55M	17.84M	15.04M	22.81M	14.01M	65.52M	33.18M	30.08M	22.83M	22.59M
Pretax Margin %	3.34%	1.98%	-8.24%	2.71%	4.41%	3.17%	3%	5.91%	5.52%	1.68%	6.04%	6.18%	5.49%	8.55%	4.73%	21.01%	10.46%	10.32%	7.76%	8.23%
Income Tax	2.59M	1.66M	-6.09M	1.77M	3.52M	1.98M	1.76M	4.14M	3.83M	849K	3.91M	4.48M	2.9M	6.32M	2.73M	15.56M	8.66M	7.91M	5.1M	6.15M
Effective Tax Rate %	23.28%	27.34%	25.03%	22.05%	26.35%	23.2%	21.12%	24.32%	24.12%	18.17%	23.62%	25.13%	19.26%	27.72%	19.49%	23.75%	26.09%	26.3%	22.33%	27.21%
Net Income	8.54M	4.42M	-18.26M	9.09M	9.84M	6.56M	6.72M	13.03M	12.19M	3.97M	12.79M	13.51M	12.29M	16.64M	11.5M	50.49M	24.53M	22.17M	17.73M	16.44M
Net Margin %	2.56%	1.44%	-6.18%	3.06%	3.25%	2.44%	2.42%	4.53%	4.24%	1.43%	4.67%	4.68%	4.49%	6.23%	3.89%	16.19%	7.73%	7.6%	6.03%	5.99%
Net Income Growth %	-13.26%	-32.65%	-371.72%	-30.23%	-19.3%	65.15%	-47.49%	-3.5%	-0.81%	-76.11%	11.23%	-73.25%	-49.88%	-24.96%	-35.13%	207.06%	59.08%	98.99%	169.1%	119.2%
Net Income (Continuing)	8.54M	4.42M	-18.26M	6.26M	9.84M	6.56M	6.57M	12.88M	12.04M	3.82M	12.64M	13.36M	12.14M	16.48M	11.28M	49.96M	24.53M	22.17M	17.73M	16.44M
Discontinued Operations	0	0	0	1000K	0	0	150K	150K	150K	150K	150K	150K	150K	150K	225K	525K	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.32	0.17	-0.73	0.34	0.36	0.24	0.24	0.47	0.44	0.14	0.89	0.98	0.91	1.20	0.81	3.39	1.56	1.32	1.04	0.97
EPS Growth %	-11.11%	-29.17%	-404.17%	-27.66%	-18.18%	71.43%	-73.03%	-52.04%	-51.65%	-88.33%	9.88%	-71.09%	-41.67%	-9.09%	-22.12%	249.48%	71.43%	103.08%	169.33%	125.58%
EPS (Basic)	0.34	0.18	-0.73	0.36	0.37	0.25	0.26	0.50	0.46	0.15	0.98	1.04	0.95	1.25	0.85	3.50	1.58	1.34	1.06	0.98
Diluted Shares Outstanding	26.53M	26.43M	25.01M	27.16M	27.56M	27.88M	27.9M	27.8M	27.66M	27.6M	27.42M	27.36M	27.15M	27.75M	28.41M	29.78M	31.52M	33.54M	33.95M	33.95M
Basic Shares Outstanding	25.15M	25.08M	25.01M	25.87M	26.3M	26.54M	26.4M	26.35M	26.29M	26.17M	25.9M	25.89M	25.88M	26.72M	27.09M	28.81M	31.03M	33.2M	33.44M	33.56M
Dividend Payout Ratio	20.77%	39.73%	-	19.28%	18.26%	28.31%	21.65%	11.13%	11.87%	36.31%	11.23%	10.63%	11.73%	8.81%	9.52%	2.32%	3.98%	4.72%	-	-