Covenant Logistics (CVLG) Gross Margin (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Gross Margin of 95.38% for Q1 2026, up 42.0% year-over-year from 67.17% in Q1 2025, and little changed quarter-over-quarter from 94.92% in Q3 2025.
Covenant Logistics (CVLG) Gross Margin (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Gross Margin for 17 consecutive years, with 95.38% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 42.0% year-over-year to 95.38%; the TTM figure through Mar 2026 stood at 95.04% (up 98.0% YoY), while the FY2025 annual figure was 94.92%, up 76.0% from the prior year.
- Gross Margin was little changed at 95.38% in Q1 2026 per CVLG's latest filing, from 94.92% in the prior quarter.
- Across five years, Gross Margin topped out at 97.39% in Q2 2022 and bottomed at 92.5% in Q3 2022.
- Historically, Gross Margin has averaged 95.12% across 5 years, with a median of 95.06% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 530 bps — and 2023, when it surged 342 bps.
- Covenant Logistics' Gross Margin stood at 96.84% in 2022, then retreated by 1 bps to 95.88% in 2023, then declined by 1 bps to 94.47% in 2024, then advanced by 0 bps to 94.92% in 2025, then grew by 0 bps to 95.38% in 2026.
- Business Quant data shows CVLG's Gross Margin at 95.38% in Q1 2026, 94.92% in Q3 2025, and 95.06% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.80 Bn | 42.52 Bn | 1.52 Bn | 97.83% |
| 2 | Xpo | 23.27 Bn | 22.97 Bn | 1.89 Bn | 80.30% |
| 3 | TFI International | 11.59 Bn | 11.39 Bn | - | - |
| 4 | Knight-Swift Transportation Holdings | 11.51 Bn | 11.32 Bn | 1.77 Bn | 84.63% |
| 5 | Saia | 9.68 Bn | 9.60 Bn | - | - |
| 6 | Schneider National | 6.23 Bn | 5.70 Bn | 1.00 Bn | 63.86% |
| 7 | Rxo | 3.77 Bn | 3.75 Bn | 302.00 Mn | 17.02% |
| 8 | Arcbest | 3.11 Bn | 2.94 Bn | 1.14 Bn | 95.93% |
| 9 | Werner Enterprises | 2.32 Bn | 2.26 Bn | - | - |
| 10 | Covenant Logistics | 884.42 Mn | 881.80 Mn | 320.47 Mn | 96.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 96.28% |
| Mar 31, 2026 | 95.38% |
| Sep 30, 2025 | 94.92% |
| Jun 30, 2025 | 95.06% |
| Mar 31, 2025 | 94.95% |
| Sep 30, 2024 | 94.47% |
| Jun 30, 2024 | 93.76% |
| Mar 31, 2024 | 92.53% |
| Dec 31, 2023 | 95.88% |
| Sep 30, 2023 | 95.92% |
| Jun 30, 2023 | 95.34% |
| Mar 31, 2023 | 94.90% |
| Dec 31, 2022 | 96.84% |
| Sep 30, 2022 | 92.50% |
| Jun 30, 2022 | 97.39% |
| Mar 31, 2022 | 96.94% |
| Dec 31, 2021 | 97.38% |
| Sep 30, 2021 | 97.80% |
| Jun 30, 2021 | 96.98% |
| Mar 31, 2021 | 96.30% |