Covenant Logistics (CVLG) Gross Margin (2010 - 2026)
Covenant Logistics (CVLG) reported Gross Margin of 95.38% for Q1 2026, up 42.0% year-over-year from 67.17% in Q1 2025, and up 5.9% on a QoQ basis from 90.06% in Q3 2025.
Covenant Logistics (CVLG) has 17 years of Gross Margin data on file, last reported at 95.38% in Q1 2026.
- Quarterly Gross Margin rose 42.0% year-over-year to 95.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 92.75% (up 94.0% YoY) and the FY2025 annual result came in at 90.36%, down 381.0% from the prior year.
- Gross Margin advanced to 95.38% in Q1 2026 per CVLG's latest filing, from 90.06% in the prior quarter.
- Across five years, Gross Margin topped out at 95.88% in Q4 2023 and bottomed at 53.39% in Q4 2022.
- The 5-year median for Gross Margin is 90.06% (2025), against an average of 87.16%.
- The widest annual swing landed in 2022, when Gross Margin slumped 4399 bps; it then soared 4250 bps in 2023.
- Tracing CVLG's Gross Margin over 5 years: stood at 53.39% in 2022, then jumped by 80 bps to 95.88% in 2023, then retreated by 6 bps to 90.08% in 2024, then decreased by 0 bps to 90.06% in 2025, then increased by 6 bps to 95.38% in 2026.
- Per Business Quant, the three latest CVLG Gross Margin figures stand at 95.38% (Q1 2026), 90.06% (Q3 2025), and 90.76% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 99.64% |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 79.82% |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | - |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 84.94% |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 91.13% |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | 17.82% |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 95.31% |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 89.80% |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | 96.70% |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 Bn | 292.96 Mn | 95.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.38% |
| Sep 30, 2025 | 90.06% |
| Jun 30, 2025 | 90.76% |
| Mar 31, 2025 | 94.95% |
| Sep 30, 2024 | 90.08% |
| Jun 30, 2024 | 89.88% |
| Mar 31, 2024 | 92.53% |
| Dec 31, 2023 | 95.88% |
| Sep 30, 2023 | 87.82% |
| Jun 30, 2023 | 95.34% |
| Mar 31, 2023 | 87.22% |
| Dec 31, 2022 | 53.39% |
| Sep 30, 2022 | 71.56% |
| Jun 30, 2022 | 84.72% |
| Mar 31, 2022 | 87.82% |
| Dec 31, 2021 | 97.38% |
| Sep 30, 2021 | 97.80% |
| Jun 30, 2021 | 96.98% |
| Mar 31, 2021 | 96.30% |
| Dec 31, 2020 | 97.08% |
| Sep 30, 2020 | 91.43% |
| Jun 30, 2020 | 93.98% |
| Mar 31, 2020 | 88.02% |
| Dec 31, 2019 | 87.23% |
| Sep 30, 2019 | 86.93% |
| Jun 30, 2019 | 86.54% |
| Mar 31, 2019 | 87.19% |
| Dec 31, 2018 | 88.45% |
| Sep 30, 2018 | 97.37% |
| Jun 30, 2018 | 96.73% |
| Mar 31, 2018 | 97.62% |
| Dec 31, 2017 | 54.64% |
| Sep 30, 2017 | 97.91% |
| Jun 30, 2017 | 84.84% |
| Mar 31, 2017 | 97.65% |
| Dec 31, 2016 | 51.35% |
| Sep 30, 2016 | 97.93% |
| Jun 30, 2016 | 92.63% |
| Mar 31, 2016 | 92.86% |
| Dec 31, 2015 | 46.09% |
| Sep 30, 2015 | 98.81% |
| Jun 30, 2015 | 93.08% |
| Mar 31, 2015 | 97.80% |
| Dec 31, 2014 | 80.18% |
| Sep 30, 2014 | 93.28% |
| Jun 30, 2014 | 97.39% |
| Mar 31, 2014 | 92.53% |
| Dec 31, 2013 | 15.83% |
| Sep 30, 2013 | 72.76% |
| Jun 30, 2013 | 92.74% |
| Mar 31, 2013 | 70.48% |
| Dec 31, 2012 | 93.37% |
| Sep 30, 2012 | 92.79% |
| Jun 30, 2012 | 71.85% |
| Mar 31, 2012 | 69.21% |
| Dec 31, 2011 | 171.28% |
| Sep 30, 2011 | 67.58% |
| Jun 30, 2011 | 67.43% |
| Dec 31, 2010 | -20.52% |
| Sep 30, 2010 | 97.17% |
| Jun 30, 2010 | 92.71% |