Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc. (CVLG) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Covenant Logistics Group, Inc. (CVLG), featuring income statements, balance sheets, and cash flow data.
Covenant Logistics Group, Inc. (CVLG) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Covenant Logistics Group, Inc. CVLG financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $269.36M | $277.33M | $287.88M | $287.50M |
| Cost of Revenue | $227.47M | $230.48M | $242.71M | $253.05M |
| Gross Profit | $41.88M | $46.85M | $45.18M | $34.45M |
| Gross Profit Ratio | $0.16 | $0.17 | $0.16 | $0.12 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $30.35M | $35.28M | $25.51M | $15.75M |
| Operating Expenses | $34.26M | $38.24M | $28.94M | $18.03M |
| Total Costs & Expenses | $261.73M | $268.72M | $271.65M | $271.08M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $2.86M | $3.23M | $3.20M | $3.80M |
| Depreciation & Amortization | $21.80M | $22.07M | $21.22M | $22.13M |
| EBITDA | $33.20M | $33.63M | $41.45M | $38.54M |
| EBITDA Ratio | $0.12 | $0.12 | $0.14 | $0.13 |
| Operating Income | $7.63M | $8.61M | $16.23M | $16.41M |
| Operating Income Ratio | $0.03 | $0.03 | $0.06 | $0.06 |
| Other Income/Expenses (Net) | $919000.00 | -$285000.00 | $789000.00 | -$542000.00 |
| Income Before Tax | $8.55M | $8.33M | $17.02M | $15.87M |
| Income Before Tax Ratio | $0.03 | $0.03 | $0.06 | $0.06 |
| Income Tax Expense | $1.98M | $1.76M | $4.14M | $3.83M |
| Net Income | $6.56M | $6.72M | $13.03M | $12.19M |
| Net Income Ratio | $0.02 | $0.02 | $0.05 | $0.04 |
| EPS | $0.25 | $0.26 | $0.99 | $0.93 |
| Diluted EPS | $0.24 | $0.24 | $0.94 | $0.88 |
| Weighted Avg Shares Outstanding | $26.54M | $26.40M | $26.35M | $26.29M |
| Weighted Avg Shares Outstanding (Diluted) | $27.88M | $27.90M | $27.80M | $27.66M |
Over the past four quarters, Covenant Logistics Group, Inc. demonstrated steady revenue growth, increasing from $287.50M in Q2 2024 to $269.36M in Q1 2025. Operating income reached $7.63M in Q1 2025, maintaining a consistent 3% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $33.20M, reflecting operational efficiency. Net income dropped to $6.56M, with EPS at $0.25. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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