Covenant Logistics (CVLG) Asset Utilization Ratio (2011 - 2026)
Covenant Logistics (CVLG) reported Asset Utilization Ratio of 1.14 for Q1 2026, little changed year-over-year from 1.14 in Q1 2025, and little changed on a QoQ basis from 1.14 in Q3 2025.
Covenant Logistics (CVLG) has 16 years of Asset Utilization Ratio data on file, last reported at 1.14 in Q1 2026.
- Quarterly Asset Utilization Ratio changed 0.39% year-over-year to 1.14 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.14 (changed 0.39% YoY) and the FY2025 annual result came in at 1.13, changed 0.19% from the prior year.
- Asset Utilization Ratio was little changed at 1.14 in Q1 2026 per CVLG's latest filing, from 1.14 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.73 in Q2 2022 and bottomed at 1.13 in Q3 2024.
- The 5-year median for Asset Utilization Ratio is 1.2 (2023), against an average of 1.28.
- The widest annual swing landed in 2022, when Asset Utilization Ratio jumped 32.88%; it then plunged 30.3% in 2023.
- Tracing CVLG's Asset Utilization Ratio over 5 years: stood at 1.36 in 2022, then retreated by 11.95% to 1.2 in 2023, then decreased by 5.83% to 1.13 in 2024, then grew by 1.06% to 1.14 in 2025, then rose by 0.28% to 1.14 in 2026.
- Per Business Quant, the three latest CVLG Asset Utilization Ratio figures stand at 1.14 (Q1 2026), 1.14 (Q3 2025), and 1.15 (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 0.98 |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 1.01 |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | 0.92 |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 0.63 |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 1.16 |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | 1.75 |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 1.65 |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 1.00 |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | 0.92 |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 Bn | 292.96 Mn | 1.14 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.14 |
| Sep 30, 2025 | 1.14 |
| Jun 30, 2025 | 1.15 |
| Mar 31, 2025 | 1.14 |
| Sep 30, 2024 | 1.13 |
| Jun 30, 2024 | 1.16 |
| 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 |
| Dec 31, 2020 | 1.20 |
| Sep 30, 2020 | 1.06 |
| Jun 30, 2020 | 0.96 |
| Mar 31, 2020 | 0.98 |
| Dec 31, 2019 | 0.99 |
| Sep 30, 2019 | 1.06 |
| Jun 30, 2019 | 1.13 |
| Mar 31, 2019 | 1.15 |
| Dec 31, 2018 | 1.16 |
| Sep 30, 2018 | 1.11 |
| Jun 30, 2018 | 1.09 |
| Mar 31, 2018 | 1.10 |
| Dec 31, 2017 | 1.08 |
| Sep 30, 2017 | 1.09 |
| Jun 30, 2017 | 1.11 |
| Mar 31, 2017 | 1.12 |
| Dec 31, 2016 | 1.12 |
| Sep 30, 2016 | 1.15 |
| Jun 30, 2016 | 1.20 |
| Mar 31, 2016 | 2.39 |
| Dec 31, 2015 | 2.33 |
| Sep 30, 2015 | 1.29 |
| Jun 30, 2015 | 1.38 |
| Mar 31, 2015 | 1.46 |
| Dec 31, 2014 | 1.54 |
| Sep 30, 2014 | 1.46 |
| Jun 30, 2014 | 1.46 |
| Mar 31, 2014 | 2.73 |
| Dec 31, 2013 | 2.96 |
| Sep 30, 2013 | 1.63 |
| Jun 30, 2013 | 1.68 |
| Mar 31, 2013 | 3.33 |
| Dec 31, 2012 | 3.31 |
| Sep 30, 2012 | 1.65 |
| Jun 30, 2012 | 1.56 |
| Mar 31, 2012 | 2.83 |
| Dec 31, 2011 | 2.85 |
| Sep 30, 2011 | 1.47 |