Covenant Logistics (CVLG) Capital Expenditures (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Capital Expenditures of $11.4 million for Q1 2026, down 65.98% year-over-year from $33.4 million in Q1 2025, and down 90.45% quarter-over-quarter from $119.0 million in Q3 2025.
Covenant Logistics (CVLG) Capital Expenditures (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Capital Expenditures for 17 consecutive years, with $11.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures fell 65.98% year-over-year to $11.4 million; the TTM figure through Mar 2026 stood at $233.7 million (down 25.14% YoY), while the FY2025 annual figure was $147.6 million, down 3.53% from the prior year.
- Capital Expenditures eased to $11.4 million in Q1 2026 per CVLG's latest filing, from $119.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $131.5 million in Q3 2024 and bottomed at $8.7 million in Q1 2022.
- Historically, Capital Expenditures has averaged $55.4 million across 5 years, with a median of $42.8 million in 2023.
- Annual changes were most pronounced in 2022 — Capital Expenditures jumped 332.29% — and 2026, when it slumped 65.98%.
- Covenant Logistics' Capital Expenditures stood at $39.1 million in 2022, then surged by 170.25% to $105.6 million in 2023, then advanced by 24.57% to $131.5 million in 2024, then fell by 9.47% to $119.0 million in 2025, then slumped by 90.45% to $11.4 million in 2026.
- Business Quant data shows CVLG's Capital Expenditures at $11.4 million in Q1 2026, $119.0 million in Q3 2025, and $69.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 77.04 Mn |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 127.00 Mn |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | -74.57 Mn |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 250.65 Mn |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 94.95 Mn |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 112.80 Mn |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | 12.00 Mn |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 12.63 Mn |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 29.02 Mn |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | 33.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.80 Mn |
| Jun 30, 2026 | 33.80 Mn |
| Mar 31, 2026 | 11.37 Mn |
| Mar 31, 2026 | 11.37 Mn |
| Sep 30, 2025 | 119.04 Mn |
| Sep 30, 2025 | 119.04 Mn |
| Jun 30, 2025 | 69.86 Mn |
| Jun 30, 2025 | 69.86 Mn |
| Mar 31, 2025 | 33.43 Mn |
| Mar 31, 2025 | 33.43 Mn |
| Sep 30, 2024 | 131.49 Mn |
| Sep 30, 2024 | 131.49 Mn |
| Jun 30, 2024 | 98.90 Mn |
| Jun 30, 2024 | 98.90 Mn |
| Mar 31, 2024 | 48.36 Mn |
| Mar 31, 2024 | 48.36 Mn |
| Dec 31, 2023 | 105.56 Mn |
| Dec 31, 2023 | 105.56 Mn |
| Sep 30, 2023 | 52.98 Mn |
| Sep 30, 2023 | 52.98 Mn |