Company Analysis

Covenant Logistics Group, Inc. (CVLG)

NYSE: CVLG · Trucking (No Local) · Chattanooga, TN · filing with the SEC since 1996
Grade5.2
◀ Past 5.6● Present 4.7▶ Future 5.6

The grade of Covenant Logistics Group, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past5.630% of the headline
● Present4.740% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.3/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2024-07-26.

weight 33% of this tense · 23rd percentile among 13 sector filers · read for itself

From the record

Covenant Logistics Group, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2024-07-26); an auditor change (8-K item 4.01, the latest 2020-04-23) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.8/10

What has it actually done, year after year?

+6.3% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 68th percentile among 13 sector filers · read for its customers

From the record

Covenant Logistics Group, Inc.'s 10 filed years say what it did: revenue went from $671 million in fiscal 2016 to $1.2 billion in fiscal 2025, up 6.3% a year; it rose in 7 of 9 years; the deepest fall was 9% from fiscal 2022 to fiscal 2023; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.3%top 35% of its family
  • the share of years revenue rosetop 12% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak9.3%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.1/10

How has it treated the people who own it?

Share count shrank 4.7% a year. 25% of cash flow returned. Insiders: 13 sales, 0 purchases.

weight 22% of this tense · 81st percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Covenant Logistics Group, Inc.'s diluted share count shrank about 4.7% a year, and dividends and buybacks returned about 25% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 13 sales (4 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 4% of its family
  • cash returned against operating cash flowtop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.7/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.2/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 33% of this tense · 42nd percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Covenant Logistics Group, Inc. earned about 2 cents of profit for every dollar of shareholders' money. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 2.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 19% of its family
  • return on equitybottom 42% of its family
  • the share count against the year beforetop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 13 in its family; net margin 0.6%.

weight 45% of this tense · 47th percentile among 13 sector filers · read for its customers

From the record

Covenant Logistics Group, Inc.'s standing among 13 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the bottom 27% by size; a net margin of 0.6% ranks in the bottom 35%; revenue growth of -1.5% a year over the last 3 filed years ranks in the top 19% (its annual reports).

What it rests on

  • revenue against the family$1.16Bbottom 27% of its family
  • net margin0.6%bottom 35% of its family
  • three-year revenue growth-1.5%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.3/10

What are the people in charge doing?

top 47% of 13 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 53rd percentile among 13 sector filers · read for its shareholders

From the record

Covenant Logistics Group, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Parker, David Ray (Chairman and CEO, as filed), filing under that title since 2006-05-25, 20.5 years (top 4% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 7.2 years (bottom 42%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 13 peoplebottom 19% of its family
  • the median years the people in charge have filed7.2 yearsbottom 42% of its family
  • the chief executive's years on the record20.5 yearstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.3/10

How much room does it have to grow?

bottom 23% of 13 in its family for room to expand.

weight 22% of this tense · 23rd percentile among 13 sector filers · read for itself

From the record

Covenant Logistics Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against debt of $234 million leaves -21.9% of its assets as net cash, bottom 27% of its family; cash from operations less capital spending is -2.9% of revenue (bottom 19%) (its annual report).

What it rests on

  • cash less debt against assets-21.9%bottom 27% of its family
  • cash from operations less capital spending against revenue-2.9%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.0/10

What could actually drive growth from here?

top 20% of 13 in its family for growth drivers.

weight 45% of this tense · 80th percentile among 13 sector filers · read for its customers

From the record

Covenant Logistics Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.5% a year over the last three filed years against 6.3% over all 10, slowing (top 19% of its family); the newest year grew 2.9% (top 12%); capital spending grew 13.7% a year (top 29%) (its annual reports). Covenant Logistics Group, Inc. reported 2 product lines in fiscal 2025: Cargo and Freight at $1.1 billion (91%), Fuel Surcharge at $105 million (9%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-7.8 points a yeartop 19% of its family
  • the newest year's revenue growth2.9%top 12% of its family
  • three-year growth of capital spending13.7%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.5/10

Did its newest year beat what its own record pointed to?

bottom 45% of 13 in its family for expectations against reality.

weight 33% of this tense · 45th percentile among 13 sector filers · read for its shareholders

From the record

Covenant Logistics Group, Inc.'s newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 6.7% above the $1.1 billion its prior three years' pace pointed to (top 27% of its family); net income of $7 million against a prior three-year average of $67 million (bottom 35%); a net margin of 0.6% against 5.7% before (bottom 27%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace6.7%top 27% of its family
  • net income against the prior three years' average-89%bottom 35% of its family
  • net margin against its prior average-5.1 pointsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CVLG · research, not advice