Covenant Logistics (CVLG) Asset Utilization Ratio (2011 - 2026)
Covenant Logistics (CVLG) posted quarterly Asset Utilization Ratio of 1.96 for Q1 2026, down 1.71% year-over-year from 1.99 in Q1 2025, and down 22.4% quarter-over-quarter from 2.52 in Q3 2025.
Covenant Logistics (CVLG) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Asset Utilization Ratio for 16 consecutive years, with 1.96 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 1.71% year-over-year to 1.96; the TTM figure through Mar 2026 stood at 1.96 (down 1.71% YoY), while the FY2025 annual figure was 1.13, changed 0.19% from the prior year.
- Asset Utilization Ratio declined to 1.96 in Q1 2026 per CVLG's latest filing, from 2.52 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 2.52 in Q3 2025 and bottomed at 1.18 in Q1 2024.
- Historically, Asset Utilization Ratio has averaged 1.64 across 5 years, with a median of 1.45 in 2024.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio slumped 30.3% — and 2025, when it soared 69.36%.
- Covenant Logistics' Asset Utilization Ratio stood at 1.36 in 2022, then dropped by 11.95% to 1.2 in 2023, then soared by 64.7% to 1.97 in 2024, then gained by 28.09% to 2.52 in 2025, then retreated by 22.4% to 1.96 in 2026.
- Business Quant data shows CVLG's Asset Utilization Ratio at 1.96 in Q1 2026, 2.52 in Q3 2025, and 2.27 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 0.98 |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 1.04 |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 1.08 |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 0.65 |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 0.93 |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 1.17 |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | 1.81 |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 1.71 |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 1.01 |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | 1.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.22 |
| Mar 31, 2026 | 1.96 |
| Sep 30, 2025 | 2.52 |
| Jun 30, 2025 | 2.27 |
| Mar 31, 2025 | 1.99 |
| Sep 30, 2024 | 1.97 |
| Jun 30, 2024 | 1.45 |
| Mar 31, 2024 | 1.18 |
| Dec 31, 2023 | 1.20 |
| Sep 30, 2023 | 1.28 |
| Jun 30, 2023 | 1.21 |
| Mar 31, 2023 | 1.32 |
| Dec 31, 2022 | 1.36 |
| Sep 30, 2022 | 1.44 |
| Jun 30, 2022 | 1.73 |
| Mar 31, 2022 | 1.70 |
| Dec 31, 2021 | 1.54 |
| Sep 30, 2021 | 1.43 |
| Jun 30, 2021 | 1.39 |
| Mar 31, 2021 | 1.28 |