Covenant Logistics (CVLG) Gross Margin (2010 - 2026)

Covenant Logistics has disclosed Gross Margin across 17 years of filings, most recently posting 95.38% for Q1 2026.

• In Q1 2026, Gross Margin rose 42.0% year-over-year to 95.38%; the TTM figure through Mar 2026 stood at 92.75% (up 94.0% YoY), while the FY2025 annual figure was 90.36%, down 381.0% from the prior year.
• Gross Margin climbed to 95.38% in Q1 2026, from 90.06% in the prior quarter.
• Over the last five years, Gross Margin for CVLG reached as high as 95.88% in Q4 2023 and fell as low as 53.39% in Q4 2022.
• The 5-year median for Gross Margin is 90.06% (2025), against an average of 87.16%.
• Annual changes were most pronounced in 2022 — Gross Margin slumped 4399 bps — and 2023, when it surged 4250 bps.
• A 5-year view of Gross Margin shows it stood at 53.39% in 2022, then soared by 80 bps to 95.88% in 2023, then slipped by 6 bps to 90.08% in 2024, then dropped by 0 bps to 90.06% in 2025, then gained by 6 bps to 95.38% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 95.38%, 90.06%, and 90.76% for Q1 2026, Q3 2025, and Q2 2025 respectively.