# Covenant Logistics Group share price today (Covenant Logistics Group, Inc., CVLG)

> Covenant Logistics Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CVLG · Industrials · Trucking · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/cvlg

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $33.50 (+66.1% in a year)
- P/E: 164.1×, over 1 year
- Revenue (Jun 2026): $333 M (+9.9% on a year ago)
- Profit (Jun 2026): $8.5 M (−13.3% on a year ago)
- Operating margin: 2.8% (−1.3 points on a year ago)
- ROE: 2%, FY25
- ROIC: 2.4%, against a 9.5% cost of capital: −7.1 points

The main question: the share price moved +66.1% in a year while yearly earnings per share moved −79.6%. The difference came from the market paying a higher multiple. ## What is the Covenant Logistics Group share price today? Covenant Logistics Group, Inc.'s share price was $33.50 at the close on 3 November 2026. That is 1.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $19 and $47, and at that close it sat 51% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running. Over the last 1 year the share price moved +33% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Covenant Logistics Group pay? Covenant Logistics Group, Inc. paid $0.28 per share over the last four reported quarters. The most recent declaration was $0.07 for Jun 2026. At today's price of $33.50 that is a yield of 0.84%, based on dividends already paid, not a forecast. ## Which stock lists is Covenant Logistics Group on? Covenant Logistics Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Covenant Logistics Group profitable? Covenant Logistics Group, Inc. earned $8.5 M of net profit in the Jun 2026 quarter, −13.3% on the same quarter a year earlier. Full-year FY25 profit was $7.2 M. Over 4 years profit has grown −41.2% a year on average. That is 2.6% of the quarter's revenue. The same quarter a year earlier earned $9.8 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $7.2 M (−79.8% on the year before). Why profit moved: revenue changed +9.9% on a year earlier and the margin moved −1.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −112.0% and revenue +8.4%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Covenant Logistics Group make, and is it growing? Covenant Logistics Group, Inc. reported $333 M of revenue in the Jun 2026 quarter, +9.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 2.7% a year on average. The last full year, FY25, came in at $1.2 B. The last four reported quarters add to $1.2 B. FY25 revenue was $1.2 B, +2.9% on the year before. Recent pace: the last four quarters grew +8.4% on average, against 2.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.3%, against +4.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −89.5%, against −70.1% a year (rolling over). ## How much of every $100 of sales does Covenant Logistics Group keep? Covenant Logistics Group, Inc.'s operating margin was 2.8% in the Jun 2026 quarter, 1.3 percentage points lower than the same quarter a year ago. Across 5 years it has been between 2.0% and 6.6%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.3 percentage points on the year while gross margin changed −3.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Covenant Logistics Group's profit turning into cash? Over the last 3 years, 327% of Covenant Logistics Group, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $114 M of operating cash against $7.2 M of profit. After $148 M of spending on assets, free cash was −$33.9 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Covenant Logistics Group's cash go? Covenant Logistics Group, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $518 M on assets over the last 3 years. Averaged over those years that is 14.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $518 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Covenant Logistics Group's P/E ratio, and how does it compare with its own history? Covenant Logistics Group, Inc.'s P/E is 164.1×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −79.6% while the price moved +66.1%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Covenant Logistics Group business getting better or worse? Covenant Logistics Group, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −89.5% in the latest quarter, against −9.5% at its best in 12 quarters, with ROCE falling at 2.3%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Covenant Logistics Group earn on its capital? Covenant Logistics Group, Inc. earned a ROE of 2% in FY25. Its return on capital used (ROIC) is 7.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.6% net margin and 1.11× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 0.6% net margin × 1.11× asset turnover × 2.59× leverage (assets divided by equity) ≈ 1.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.4% − 9.5% = −7.1 percentage points. The 9.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Covenant Logistics Group have too much debt? Covenant Logistics Group, Inc. has total debt of $324 M against shareholder equity of $413 M as of Jun 2026, so its debt is 0.79× its equity. Year by year, that ratio went from 0.21 in FY21 to 0.84 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Covenant Logistics Group shareholding pattern? 0.8% of Covenant Logistics Group, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 7.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Covenant Logistics Group from balance-sheet trouble? For Covenant Logistics Group, Inc., the Z-score is 2.41. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.41 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Covenant Logistics Group rank in its industry? 47.8 out of 100, rank 7 of 14 in Trucking, with 81% of the evidence available. Covenant Logistics Group, Inc. scores 47.8 out of 100 against the 14 companies it is compared with in Trucking, ranking 7. Relative strength against the index is 1.1%, and revenue and profit growth are weak. The four parts add up to the total exactly: 10.7 + 9.6 + 13.7 + 13.8 = 47.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Covenant Logistics Group compared with? Covenant Logistics Group ranks 7 of 14 Trucking companies on the 4-Factor Sector Score, with 47.8 out of 100. 1. [XPO, Inc.](https://www.sectoralpha.in/us/stocks/xpo) XPO · quiet · Evidence leans up · 81% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 7% · Profit 17.1% · Operating margin change 2.3 points · 83% evidence Capital efficiency 16.6/25 · ROCE 13% · Operating margin 12.3% · 76% evidence Valuation 5.8/20 · P/E 59.7× · PEG 3.67 · 65% evidence Relative strength 10.6/20 · Lead over its industry -4.7% · Lead over S&P 500 -2.2% · 1 year 35.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 16.6 + 5.8 + 10.6 = 58.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 2. [ArcBest Corporation](https://www.sectoralpha.in/us/stocks/arcb) ARCB · turning · Evidence leans up · 81% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 3.7% · Profit -89.9% · Operating margin change 2 points · 83% evidence Capital efficiency 11.1/25 · ROCE 6.4% · Operating margin 5.4% · 76% evidence Valuation 14.9/20 · P/E 16.3× · PEG 0.41 · 65% evidence Relative strength 15.0/20 · Lead over its industry 10.3% · Lead over S&P 500 11.7% · 1 year 100.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.4 + 11.1 + 14.9 + 15 = 56.4 · What this means: Relative strength against the index is 11.7%, and revenue and profit growth are weak. 3. [Universal Logistics Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ulh) ULH · leader · Too little evidence to rank firmly · 58% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue n/a · Profit n/a · Operating margin change -0.8 points · 45% evidence Capital efficiency 9.2/25 · ROCE 2.4% · Operating margin 1% · 76% evidence Valuation 10.8/20 · P/E -4.2× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 68.5% · Lead over S&P 500 75% · 1 year 111.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 12.7 + 9.2 + 10.8 + 20 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Knight-Swift Transportation Holdings Inc.](https://www.sectoralpha.in/us/stocks/knx) KNX · quiet · Evidence leans up · 75% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.1/35 · Revenue 7% · Profit 7.8% · Operating margin change 4.8 points · 95% evidence Capital efficiency 10.7/25 · ROCE 3.4% · Operating margin 8.2% · 76% evidence Valuation 9.2/20 · P/E 67.5× · PEG n/a · 15% evidence Relative strength 6.7/20 · Lead over its industry -7.3% · Lead over S&P 500 -4.9% · 1 year 35.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.1 + 10.7 + 9.2 + 6.7 = 51.7 · What this means: Earnings are strong; relative strength in its sector is -7.3% and the one-year return is 35.6%. 5. [Old Dominion Freight Line, Inc.](https://www.sectoralpha.in/us/stocks/odfl) ODFL · quiet · Evidence leans down · 81% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue -0.6% · Profit -0.6% · Operating margin change 3.3 points · 83% evidence Capital efficiency 21.6/25 · ROCE 27.5% · Operating margin 28.8% · 76% evidence Valuation 5.6/20 · P/E 41.4× · PEG 4.62 · 65% evidence Relative strength 3.7/20 · Lead over its industry -14% · Lead over S&P 500 -11.8% · 1 year 27% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19 + 21.6 + 5.6 + 3.7 = 49.9 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. [Saia, Inc.](https://www.sectoralpha.in/us/stocks/saia) SAIA · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 4.8% · Profit -4.1% · Operating margin change 0.9 points · 83% evidence Capital efficiency 16.5/25 · ROCE 10.8% · Operating margin 13.1% · 76% evidence Valuation 7.6/20 · P/E 40.3× · PEG 2.76 · 65% evidence Relative strength 8.9/20 · Lead over its industry -12.6% · Lead over S&P 500 -10.2% · 1 year 25.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.3 + 16.5 + 7.6 + 8.9 = 48.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Covenant Logistics Group, Inc. this page CVLG · quiet · Evidence leans down · 81% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/35 · Revenue 8.4% · Profit -89.2% · Operating margin change -1.4 points · 83% evidence Capital efficiency 9.6/25 · ROCE 2.3% · Operating margin 2.8% · 76% evidence Valuation 13.7/20 · P/E 293.3× · PEG 0.21 · 65% evidence Relative strength 13.8/20 · Lead over its industry -0.3% · Lead over S&P 500 1.1% · 1 year 71.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.7 + 9.6 + 13.7 + 13.8 = 47.8 · What this means: Relative strength against the index is 1.1%, and revenue and profit growth are weak. 8. [RXO, Inc.](https://www.sectoralpha.in/us/stocks/rxo) RXO · turning · Evidence leans down · 64% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.2/35 · Revenue 9.5% · Profit n/a · Operating margin change 0 points · 62% evidence Capital efficiency 4.7/25 · ROCE -0.6% · Operating margin 0.7% · 76% evidence Valuation 8.5/20 · P/E 680.4× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 35.6% · Lead over S&P 500 37.5% · 1 year 126.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 15.2 + 4.7 + 8.5 + 19 = 47.4 · What this means: Relative strength against the index is 37.5%, and revenue and profit growth are weak. 9. [TFI International Inc.](https://www.sectoralpha.in/us/stocks/tfii) TFII · quiet · Evidence leans down · 71% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue -1.7% · Profit -8.7% · Operating margin change 1.1 points · 83% evidence Capital efficiency 14.8/25 · ROCE 9.4% · Operating margin 9.3% · 76% evidence Valuation 10.3/20 · P/E 35.2× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -26.9% · Lead over S&P 500 -25.2% · 1 year 10.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.7 + 14.8 + 10.3 + 0 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Schneider National, Inc.](https://www.sectoralpha.in/us/stocks/sndr) SNDR · quiet · Evidence leans down · 81% evidence 39.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Revenue 6.2% · Profit -11.9% · Operating margin change 0.7 points · 83% evidence Capital efficiency 12.3/25 · ROCE 4.1% · Operating margin 4.6% · 76% evidence Valuation 4.7/20 · P/E 57.3× · PEG 5.57 · 65% evidence Relative strength 4.8/20 · Lead over its industry -10.3% · Lead over S&P 500 -7.9% · 1 year 29.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.2 + 12.3 + 4.7 + 4.8 = 39 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Heartland Express, Inc.](https://www.sectoralpha.in/us/stocks/htld) HTLD · quiet · Evidence leans down · 67% evidence 36.7 out of 100 Growth Capital Valuation Relative
12. [PAMT CORP](https://www.sectoralpha.in/us/stocks/pamt) PAMT · quiet · Evidence leans down · 64% evidence 35.9 out of 100 Growth Capital Valuation Relative
13. [Marten Transport, Ltd.](https://www.sectoralpha.in/us/stocks/mrtn) MRTN · quiet · Most evidence points down · 85% evidence 33.7 out of 100 Growth Capital Valuation Relative
14. [Werner Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wern) WERN · quiet · Most evidence points down · 71% evidence 31.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Trucking](https://www.sectoralpha.in/us/sectors/trucking), all 14 compared on one page. ## Which companies are close to Covenant Logistics Group in size? Covenant Logistics Group is the 11th largest of 14 Trucking companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: ArcBest Corporation, Werner Enterprises, Inc. and Marten Transport. Just below it: Universal Logistics Holdings, Inc., Heartland Express, Inc. and PAMT CORP. ### Trucking companies close in size

1. [ArcBest Corporation](https://www.sectoralpha.in/us/stocks/arcb) $3 billion
2. [Werner Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wern) $1.7 billion
3. [Marten Transport, Ltd.](https://www.sectoralpha.in/us/stocks/mrtn) $984 million
4. Covenant Logistics Group, Inc. $850 million
5. [Universal Logistics Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ulh) $844 million
6. [Heartland Express, Inc.](https://www.sectoralpha.in/us/stocks/htld) $812 million
7. [PAMT CORP](https://www.sectoralpha.in/us/stocks/pamt) $249 million

[All 14 Trucking companies, largest first](https://www.sectoralpha.in/us/sectors/trucking#all-companies)

### Companies close in size in other industries

1. [Safe Bulkers, Inc.](https://www.sectoralpha.in/us/stocks/sb) $850 million · Marine Shipping
2. [The Manitowoc Company, Inc.](https://www.sectoralpha.in/us/stocks/mtw) $850 million · Farm & Heavy Construction Machinery
3. Covenant Logistics Group, Inc. $849 million
4. [Flotek Industries, Inc.](https://www.sectoralpha.in/us/stocks/ftk) $849 million · Oil & Gas Equipment & Services
5. [MidCap Financial Investment Corporation](https://www.sectoralpha.in/us/stocks/mfic) $848 million · Asset Management

## What else do people ask about Covenant Logistics Group? ### What were Covenant Logistics Group's latest quarterly results? Covenant Logistics Group, Inc. reported revenue of $333 M and net profit of $8.5 M for the Jun 2026 quarter. Revenue rose 9.9% and profit fell 13.3% compared with a year earlier. Earnings per share were $0.32. The operating margin was 2.8%, 1.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Covenant Logistics Group's market cap? Covenant Logistics Group, Inc.'s market capitalisation is $850 M at a stock price of $33.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Covenant Logistics Group performing? Covenant Logistics Group, Inc.'s latest readings are below. In its latest quarter, revenue rose 9.9% and profit fell 13.3% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Covenant Logistics Group's stock price go up? This page does not forecast Covenant Logistics Group, Inc.'s stock price. What it shows instead: the stock price is $33.50. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Covenant Logistics Group in its business cycle? Covenant Logistics Group, Inc.'s FY25 operating margin was 2.0%, against a 5-year range of 2.0% to 6.6%: the low end of its own range, which is often where recoveries start. The latest quarter was 2.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Covenant Logistics Group story? The main question: the share price moved +66.1% in a year while yearly earnings per share moved −79.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Covenant Logistics Group a stock worth studying right now? What the numbers show: Covenant Logistics Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.