Covenant Logistics (CVLG) Operating Leases (2019 - 2026)
Covenant Logistics (CVLG) posted quarterly Operating Leases of $22.7 million for Q1 2026, down 45.34% year-over-year from $41.5 million in Q1 2025, and down 10.2% quarter-over-quarter from $25.3 million in Q4 2025.
Covenant Logistics (CVLG) Operating Leases (2019 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Operating Leases for 8 consecutive years, with $22.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases fell 45.34% year-over-year to $22.7 million; the TTM figure through Mar 2026 stood at $22.7 million (down 45.34% YoY), while the FY2025 annual figure was $25.3 million, down 19.26% from the prior year.
- Operating Leases retreated to $22.7 million in Q1 2026 per CVLG's latest filing, from $25.3 million in the prior quarter.
- Across five years, Operating Leases topped out at $46.4 million in Q4 2022 and bottomed at $22.7 million in Q1 2026.
- Historically, Operating Leases has averaged $35.2 million across 5 years, with a median of $35.5 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Leases jumped 184.49% — and 2026, when it slumped 45.34%.
- Covenant Logistics' Operating Leases stood at $46.4 million in 2022, then tumbled by 33.46% to $30.9 million in 2023, then climbed by 1.33% to $31.3 million in 2024, then fell by 19.26% to $25.3 million in 2025, then retreated by 10.2% to $22.7 million in 2026.
- Business Quant data shows CVLG's Operating Leases at $22.7 million in Q1 2026, $25.3 million in Q4 2025, and $38.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.72 Bn | 42.44 Bn | 1.52 Bn |
| 2 | Xpo | 22.95 Bn | 22.65 Bn | 1.89 Bn |
| 3 | TFI International | 11.51 Bn | 11.30 Bn | - |
| 4 | Knight-Swift Transportation Holdings | 11.50 Bn | 11.31 Bn | 1.77 Bn |
| 5 | Saia | 9.62 Bn | 9.54 Bn | - |
| 6 | Schneider National | 6.23 Bn | 5.71 Bn | 1.00 Bn |
| 7 | Rxo | 3.71 Bn | 3.70 Bn | 302.00 Mn |
| 8 | Arcbest | 3.07 Bn | 2.90 Bn | 1.14 Bn |
| 9 | Werner Enterprises | 2.31 Bn | 2.25 Bn | - |
| 10 | Covenant Logistics | 874.71 Mn | 872.09 Mn | 320.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.13 Mn |
| Mar 31, 2026 | 22.69 Mn |
| Dec 31, 2025 | 25.27 Mn |
| Sep 30, 2025 | 38.08 Mn |
| Jun 30, 2025 | 29.19 Mn |
| Mar 31, 2025 | 41.52 Mn |
| Dec 31, 2024 | 31.30 Mn |
| Sep 30, 2024 | 44.59 Mn |
| Jun 30, 2024 | 32.04 Mn |
| Mar 31, 2024 | 36.29 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 | 44.88 Mn |
| Mar 31, 2022 | 32.59 Mn |
| Dec 31, 2021 | 21.55 Mn |
| Sep 30, 2021 | 41.37 Mn |