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% year-over-year from $9.2 million in Q1 2025, and down 46.26% quarter-over-quarter from $3.7 million in Q3 2025.
Covenant Logistics (CVLG) Change in Account Payables (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Change in Account Payables for 17 consecutive years, with $2.0 million the latest figure, recorded in 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 declined to $2.0 million in Q1 2026 per CVLG's latest filing, from $3.7 million in the prior quarter.
- Across five years, Change in Account Payables topped out at $9.2 million in Q1 2025 and bottomed at -$8.3 million in Q1 2022.
- Historically, Change in Account Payables has averaged $2.0 million across 5 years, with a median of $2.0 million in 2022.
- Annual changes were most pronounced in 2023 — Change in Account Payables sank 799.05% — and 2024, when it surged 1738.89%.
- Covenant Logistics' Change in Account Payables stood at -$211000.0 in 2022, then tumbled by 799.05% to -$1.9 million in 2023, then jumped by 534.48% to $8.2 million in 2024, then sank by 55.05% to $3.7 million in 2025, then plunged by 46.26% to $2.0 million in 2026.
- Business Quant data shows CVLG's Change in Account Payables at $2.0 million in Q1 2026, $3.7 million in Q3 2025, and $3.6 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | - |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 13.00 Mn |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | - |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 6.82 Mn |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | -8.41 Mn |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | -7.90 Mn |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | 130.00 Mn |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | - |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | -17.22 Mn |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | -3.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.52 Mn |
| Jun 30, 2026 | -3.52 Mn |
| 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 |