Covenant Logistics (CVLG) Change in Account Payables (2010 - 2026)

Covenant Logistics (CVLG) posted quarterly Change in Account Payables of $2.0 million for Q1 2026, down 78.46% YoY from $9.2 million in Q1 2025, and down 46.26% sequentially from $3.7 million in Q3 2025.

Covenant Logistics (CVLG) Change in Account Payables (2010 - 2026) Analysis & Trends

Covenant Logistics has disclosed Change in Account Payables across 17 years of filings, most recently posting $2.0 million for Q1 2026.

  • In Q1 2026, Change in Account Payables fell 78.46% year-over-year to $2.0 million; the TTM figure through Mar 2026 stood at $18.5 million (down 39.36% YoY), while the FY2025 annual figure was $5.8 million, down 31.31% from the prior year.
  • Change in Account Payables eased to $2.0 million in Q1 2026, from $3.7 million in the prior quarter.
  • Over the last five years, Change in Account Payables for CVLG reached as high as $9.2 million in Q1 2025 and fell as low as -$8.3 million in Q1 2022.
  • The 5-year median for Change in Account Payables is $2.0 million (2022), against an average of $2.0 million.
  • Annual changes were most pronounced in 2023 — Change in Account Payables tumbled 799.05% — and 2024, when it surged 1738.89%.
  • A 5-year view of Change in Account Payables shows it stood at -$211000.0 in 2022, then plunged by 799.05% to -$1.9 million in 2023, then soared by 534.48% to $8.2 million in 2024, then slumped by 55.05% to $3.7 million in 2025, then sank by 46.26% to $2.0 million in 2026.
  • According to Business Quant data, Change in Account Payables over the past three periods registered $2.0 million, $3.7 million, and $3.6 million for Q1 2026, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Payables (Qtr)
1 TFI International 160.26 Bn 160.08 Bn 963.70 Mn -
2 Old Dominion Freight Line 45.40 Bn 45.11 Bn 1.33 Bn -
3 Xpo 24.25 Bn 24.01 Bn 1.67 Bn 16.00 Mn
4 Knight-Swift Transportation Holdings 12.57 Bn 12.51 Bn 1.57 Bn 39.45 Mn
5 Saia 11.19 Bn 11.15 Bn - 28.33 Mn
6 Schneider National 6.37 Bn 6.11 Bn 1.27 Bn 6.80 Mn
7 Rxo 4.69 Bn 4.67 Bn 254.00 Mn 49.00 Mn
8 Arcbest 3.12 Bn 3.04 Bn 951.93 Mn -
9 Werner Enterprises 2.63 Bn 2.59 Bn 726.17 Mn 29.70 Mn
10 Covenant Logistics 1.12 Bn 1.11 Bn 292.96 Mn 1.99 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.99 Mn
Mar 31, 2026 1.99 Mn
Sep 30, 2025 3.71 Mn
Sep 30, 2025 3.71 Mn
Jun 30, 2025 3.55 Mn
Jun 30, 2025 3.55 Mn
Mar 31, 2025 9.24 Mn
Mar 31, 2025 9.24 Mn
Sep 30, 2024 8.24 Mn
Sep 30, 2024 8.24 Mn
Jun 30, 2024 7.70 Mn
Jun 30, 2024 7.70 Mn
Mar 31, 2024 5.31 Mn
Mar 31, 2024 5.31 Mn
Dec 31, 2023 -1.90 Mn
Dec 31, 2023 -1.90 Mn
Sep 30, 2023 1.96 Mn
Sep 30, 2023 1.96 Mn
Jun 30, 2023 -3.29 Mn
Jun 30, 2023 -3.29 Mn