Covenant Logistics (CVLG) Operating Leases (2019 - 2026)
Covenant Logistics (CVLG) reported Operating Leases of $19.49 million for Q2 2026, down 33.2% from $29.19 million a year earlier and down 14.1% from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Covenant Logistics posted Operating Leases of $25.27 million, down 19.3% from FY2024.
- Operating Leases has a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- By year, Operating Leases came in at $31.3 million in FY2024 (+1.3%), $30.89 million in FY2023 (-33.5%), $46.43 million in FY2022 (+115.4%) and $21.55 million in FY2021 (+0.4%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases since Q1 2022.
- Year over year, Operating Leases has now declined in each of the last five quarters, with an average decline of 12.4% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q4 2022 (growth of 115.4%); the low point was Q4 2023 (a decline of 33.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $22.69 million (Q1 2026), $25.27 million (Q4 2025) and $26.82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - |
| 10 | Covenant Logistics | 790.49 Mn | 769.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.49 Mn |
| Mar 31, 2026 | 22.69 Mn |
| Dec 31, 2025 | 25.27 Mn |
| Sep 30, 2025 | 26.82 Mn |
| Jun 30, 2025 | 29.19 Mn |
| Mar 31, 2025 | 30.92 Mn |
| Dec 31, 2024 | 31.30 Mn |
| Sep 30, 2024 | 33.61 Mn |
| Jun 30, 2024 | 32.04 Mn |
| Mar 31, 2024 | 27.33 Mn |
| Dec 31, 2023 | 30.89 Mn |
| Sep 30, 2023 | 35.49 Mn |
| Jun 30, 2023 | 39.28 Mn |
| Mar 31, 2023 | 39.84 Mn |
| Dec 31, 2022 | 46.43 Mn |
| Sep 30, 2022 | 28.34 Mn |
| Jun 30, 2022 | 29.61 Mn |
| Mar 31, 2022 | 19.44 Mn |
| Dec 31, 2021 | 21.55 Mn |
| Sep 30, 2021 | 24.52 Mn |
API Access
Covenant Logistics Operating Leases 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-leases&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();