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

Covenant Logistics (CVLG) posted quarterly Net Margin of 1.44% for Q1 2026, up 342.07% quarter-over-quarter from 0.33% in Q3 2025.

Covenant Logistics (CVLG) Net Margin (2010 - 2026) Analysis & Trends

Covenant Logistics (CVLG) has reported Net Margin for 17 consecutive years, with 1.44% the latest figure, recorded in Q1 2026.

In Q1 2026, Net Margin changed N/A year-over-year to 1.44%; the TTM figure through Mar 2026 stood at 0.36% (up 32.0% YoY), while the FY2025 annual figure was 0.24%, up 19.0% from the prior year.
Net Margin grew to 1.44% in Q1 2026 per CVLG's latest filing, from 0.33% in the prior quarter.
Across five years, Net Margin topped out at 1.44% in Q1 2026 and bottomed at 0.05% in Q3 2023.
Historically, Net Margin has averaged 0.23% across 5 years, with a median of 0.05% in 2023.
Annual changes were most pronounced in 2023 — Net Margin decreased 30 bps — and 2025, when it grew 27 bps.
Covenant Logistics' Net Margin stood at 0.08% in 2022, then declined by 28 bps to 0.05% in 2023, then declined by 4 bps to 0.05% in 2024, then surged by 518 bps to 0.33% in 2025, then surged by 342 bps to 1.44% in 2026.
Business Quant data shows CVLG's Net Margin at 1.44% in Q1 2026, 0.33% in Q3 2025, and 0.05% in Q3 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Old Dominion Freight Line	42.49 Bn	42.21 Bn	1.52 Bn	22.56%
2	Xpo	23.08 Bn	22.78 Bn	1.89 Bn	6.88%
3	TFI International	11.47 Bn	11.26 Bn	-	6.66%
4	Knight-Swift Transportation Holdings	11.33 Bn	11.14 Bn	1.77 Bn	2.06%
5	Saia	9.61 Bn	9.53 Bn	-	9.85%
6	Schneider National	6.15 Bn	5.63 Bn	1.00 Bn	3.17%
7	Rxo	3.68 Bn	3.66 Bn	302.00 Mn	-0.51%
8	Arcbest	3.03 Bn	2.86 Bn	1.14 Bn	-1.17%
9	Werner Enterprises	2.28 Bn	2.23 Bn	-	0.57%
10	Covenant Logistics	870.93 Mn	868.31 Mn	320.47 Mn	2.56%

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