Covenant Logistics (CVLG) EBIT (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly EBIT of $6.3 million for Q1 2026, down 17.63% year-over-year from $7.6 million in Q1 2025, and down 76.83% quarter-over-quarter from $27.1 million in Q3 2025.
Covenant Logistics (CVLG) EBIT (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported EBIT for 17 consecutive years, with $6.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBIT fell 17.63% year-over-year to $6.3 million; the TTM figure through Mar 2026 stood at $60.2 million (down 11.48% YoY), while the FY2025 annual figure was $2.9 million, down 93.44% from the prior year.
- EBIT declined to $6.3 million in Q1 2026 per CVLG's latest filing, from $27.1 million in the prior quarter.
- Across five years, EBIT topped out at $59.1 million in Q3 2022 and bottomed at $4.3 million in Q1 2024.
- Historically, EBIT has averaged $20.0 million across 5 years, with a median of $17.6 million in 2023.
- Annual changes were most pronounced in 2022 — EBIT jumped 194.07% — and 2024, when it plunged 75.41%.
- Covenant Logistics' EBIT stood at $10.9 million in 2022, then soared by 30.85% to $14.3 million in 2023, then jumped by 153.36% to $36.1 million in 2024, then decreased by 24.98% to $27.1 million in 2025, then tumbled by 76.83% to $6.3 million in 2026.
- Business Quant data shows CVLG's EBIT at $6.3 million in Q1 2026, $27.1 million in Q3 2025, and $19.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.49 Bn | 42.21 Bn | 1.52 Bn | 465.30 Mn |
| 2 | Xpo | 23.08 Bn | 22.78 Bn | 1.89 Bn | 271.00 Mn |
| 3 | TFI International | 11.47 Bn | 11.26 Bn | - | 263.53 Mn |
| 4 | Knight-Swift Transportation Holdings | 11.33 Bn | 11.14 Bn | 1.77 Bn | 104.85 Mn |
| 5 | Saia | 9.61 Bn | 9.53 Bn | - | 125.21 Mn |
| 6 | Schneider National | 6.15 Bn | 5.63 Bn | 1.00 Bn | 71.40 Mn |
| 7 | Rxo | 3.68 Bn | 3.66 Bn | 302.00 Mn | 1.00 Mn |
| 8 | Arcbest | 3.03 Bn | 2.86 Bn | 1.14 Bn | -20.62 Mn |
| 9 | Werner Enterprises | 2.28 Bn | 2.23 Bn | - | 16.92 Mn |
| 10 | Covenant Logistics | 870.93 Mn | 868.31 Mn | 320.47 Mn | 8.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.84 Mn |
| Mar 31, 2026 | 6.28 Mn |
| Sep 30, 2025 | 27.12 Mn |
| Jun 30, 2025 | 19.19 Mn |
| Mar 31, 2025 | 7.63 Mn |
| Sep 30, 2024 | 36.15 Mn |
| Jun 30, 2024 | 19.91 Mn |
| Mar 31, 2024 | 4.34 Mn |
| Dec 31, 2023 | 14.27 Mn |
| Sep 30, 2023 | 15.14 Mn |
| Jun 30, 2023 | 11.78 Mn |
| Mar 31, 2023 | 17.63 Mn |
| Dec 31, 2022 | 10.90 Mn |
| Sep 30, 2022 | 59.06 Mn |
| Jun 30, 2022 | 26.87 Mn |
| Mar 31, 2022 | 23.85 Mn |
| Dec 31, 2021 | 18.24 Mn |
| Sep 30, 2021 | 20.08 Mn |
| Jun 30, 2021 | 18.33 Mn |
| Mar 31, 2021 | 10.51 Mn |