Covenant Logistics (CVLG) Operating Income (2010 - 2026)
Covenant Logistics' Operating Income came in at $8.84 million for Q2 2026, down 23.5% from $11.56 million a year earlier but up 40.7% from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Operating Income (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Covenant Logistics reported Operating Income of -$1.13 million; for FY2025, it was $2.94 million, down 93.4% from FY2024.
- Operating Income has declined in each of the last three years.
- Going back by year, Operating Income was $44.76 million in FY2024 (-23.9%), $58.82 million in FY2023 (-51.3%), $120.68 million in FY2022 (+79.7%) and $67.16 million in FY2021.
- The five-year range for quarterly Operating Income is -$24.18 million (Q4 2025) to $59.06 million (Q3 2022).
- Year-over-year, Operating Income increased in two of the last seven quarters, with an average decline of 10.7%.
- The fastest year-over-year change in Operating Income over five years came in Q3 2021 (growth of 194.9%), and the weakest in Q1 2024 (a decline of 75.4%).
- Business Quant data shows CVLG's Operating Income at $6.28 million (Q1 2026), -$24.18 million (Q4 2025) and $7.93 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 168.13 Bn | 162.66 Bn | - | 2.76 Bn |
| 2 | Csx | 88.79 Bn | 85.00 Bn | - | 1.51 Bn |
| 3 | United Parcel Service | 80.69 Bn | 57.59 Bn | - | 930.00 Mn |
| 4 | Canadian Pacific Kansas City | 76.03 Bn | 75.05 Bn | - | 1.06 Bn |
| 5 | Norfolk Southern | 72.23 Bn | 66.88 Bn | - | 1.12 Bn |
| 6 | Fedex | 68.94 Bn | 34.89 Bn | - | 1.55 Bn |
| 7 | Delta Air Lines | 52.07 Bn | 34.25 Bn | - | 1.45 Bn |
| 8 | Old Dominion Freight Line | 38.07 Bn | 37.34 Bn | - | 465.30 Mn |
| 9 | United Airlines Holdings | 33.47 Bn | -22.90 Bn | - | 1.10 Bn |
| 10 | Covenant Logistics | 791.75 Mn | 770.26 Mn | - | 8.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.84 Mn |
| Mar 31, 2026 | 6.28 Mn |
| Dec 31, 2025 | -24.18 Mn |
| Sep 30, 2025 | 7.93 Mn |
| Jun 30, 2025 | 11.56 Mn |
| Mar 31, 2025 | 7.63 Mn |
| Dec 31, 2024 | 8.61 Mn |
| Sep 30, 2024 | 16.24 Mn |
| Jun 30, 2024 | 15.58 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 |
API Access
Covenant Logistics Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "CVLG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();