Covenant Logistics (CVLG) Operating Income (2010 - 2026)
Covenant Logistics' Operating Income came in at $12.49 million for Q3 2026, up 57.6% from $7.93 million a year earlier and up 41.3% from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Operating Income (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Covenant Logistics reported Operating Income of $3.44 million, down 90.4% year-over-year; 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 Q3 2026 figure represents the highest quarterly Operating Income since Q3 2024.
- Year-over-year, Operating Income increased in two of the last seven quarters, with an average decline of 3.5%.
- The fastest year-over-year change in Operating Income over five years came in Q3 2022 (growth of 194.1%), and the weakest in Q1 2024 (a decline of 75.4%).
- Business Quant data shows CVLG's Operating Income at $8.84 million (Q2 2026), $6.28 million (Q1 2026) and -$24.18 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 2.94 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 1.74 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 1.57 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 1.06 Bn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 1.55 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 1.15 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 1.45 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 1.45 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 452.65 Mn |
| 10 | Covenant Logistics | 795.28 Mn | 773.79 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();