Covenant Logistics (CVLG) Operating Margin (2010 - 2026)
Covenant Logistics (CVLG) reported Operating Margin of 2.05% for Q1 2026, down 79.0% year-over-year from 9.74% in Q1 2025, and down 23.39% on a QoQ basis from 2.67% in Q3 2025.
Covenant Logistics (CVLG) has 17 years of Operating Margin data on file, last reported at 2.05% in Q1 2026.
- Quarterly Operating Margin fell 79.0% year-over-year to 2.05% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.84% (down 106.0% YoY) and the FY2025 annual result came in at 0.25%, down 370.0% from the prior year.
- Operating Margin eased to 2.05% in Q1 2026 per CVLG's latest filing, from 2.67% in the prior quarter.
- Across five years, Operating Margin topped out at 39.54% in Q3 2022 and bottomed at 1.56% in Q1 2024.
- The 5-year median for Operating Margin is 5.21% (2023), against an average of 7.01%.
- The widest annual swing landed in 2022, when Operating Margin jumped 3223 bps; it then sank 3430 bps in 2023.
- Tracing CVLG's Operating Margin over 5 years: stood at 3.68% in 2022, then surged by 41 bps to 5.21% in 2023, then increased by 8 bps to 5.64% in 2024, then tumbled by 53 bps to 2.67% in 2025, then dropped by 23 bps to 2.05% in 2026.
- Per Business Quant, the three latest CVLG Operating Margin figures stand at 2.05% (Q1 2026), 2.67% (Q3 2025), and 3.82% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 23.78% |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 8.30% |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | 8.29% |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 1.54% |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 2.39% |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | -1.96% |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 0.34% |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 0.49% |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | -6.29% |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 Bn | 292.96 Mn | 2.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.05% |
| Sep 30, 2025 | 2.67% |
| Jun 30, 2025 | 3.82% |
| Mar 31, 2025 | 2.83% |
| Sep 30, 2024 | 5.64% |
| Jun 30, 2024 | 5.42% |
| Mar 31, 2024 | 1.56% |
| Dec 31, 2023 | 5.21% |
| Sep 30, 2023 | 5.24% |
| Jun 30, 2023 | 4.30% |
| Mar 31, 2023 | 6.61% |
| Dec 31, 2022 | 3.68% |
| Sep 30, 2022 | 39.54% |
| Jun 30, 2022 | 8.47% |
| Mar 31, 2022 | 8.18% |
| Dec 31, 2021 | 6.20% |
| Sep 30, 2021 | 7.31% |
| Jun 30, 2021 | 7.15% |
| Mar 31, 2021 | 4.76% |
| Dec 31, 2020 | 4.25% |
| Sep 30, 2020 | 3.23% |
| Jun 30, 2020 | -15.10% |
| Mar 31, 2020 | -0.69% |
| Dec 31, 2019 | 0.72% |
| Sep 30, 2019 | -1.76% |
| Jun 30, 2019 | 3.24% |
| Mar 31, 2019 | 1.82% |
| Dec 31, 2018 | 8.20% |
| Sep 30, 2018 | 6.65% |
| Jun 30, 2018 | 7.16% |
| Mar 31, 2018 | 3.70% |
| Dec 31, 2017 | 7.30% |
| Sep 30, 2017 | 5.06% |
| Jun 30, 2017 | 2.41% |
| Mar 31, 2017 | 0.19% |
| Dec 31, 2016 | 6.42% |
| Sep 30, 2016 | 3.31% |
| Jun 30, 2016 | 4.61% |
| Mar 31, 2016 | 4.74% |
| Dec 31, 2015 | 11.70% |
| Sep 30, 2015 | 8.43% |
| Jun 30, 2015 | 10.70% |
| Mar 31, 2015 | 6.01% |
| Dec 31, 2014 | 11.92% |
| Sep 30, 2014 | 3.15% |
| Jun 30, 2014 | 5.21% |
| Mar 31, 2014 | 0.22% |
| Dec 31, 2013 | 5.03% |
| Sep 30, 2013 | 3.44% |
| Jun 30, 2013 | 3.68% |
| Mar 31, 2013 | -0.43% |
| Dec 31, 2012 | 2.90% |
| Sep 30, 2012 | 2.76% |
| Jun 30, 2012 | 6.46% |
| Mar 31, 2012 | 1.50% |
| Dec 31, 2011 | 0.72% |
| Sep 30, 2011 | -6.04% |
| Jun 30, 2011 | 4.18% |
| Mar 31, 2011 | 0.19% |
| Dec 31, 2010 | -12.24% |
| Sep 30, 2010 | 5.88% |
| Jun 30, 2010 | 7.10% |