Covenant Logistics (CVLG) Payables (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Payables of $50.4 million for Q1 2026, up 57.83% year-over-year from $31.9 million in Q1 2025, and up 10.71% quarter-over-quarter from $45.5 million in Q4 2025.
Covenant Logistics (CVLG) Payables (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Payables for 17 consecutive years, with $50.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables rose 57.83% year-over-year to $50.4 million; the TTM figure through Mar 2026 stood at $50.4 million (up 57.83% YoY), while the FY2025 annual figure was $45.5 million, up 42.39% from the prior year.
- Payables grew to $50.4 million in Q1 2026 per CVLG's latest filing, from $45.5 million in the prior quarter.
- Across five years, Payables topped out at $50.4 million in Q1 2026 and bottomed at $27.9 million in Q1 2022.
- Historically, Payables has averaged $34.7 million across 5 years, with a median of $33.2 million in 2023.
- Annual changes were most pronounced in 2022 — Payables declined 16.12% — and 2026, when it surged 57.83%.
- Covenant Logistics' Payables stood at $33.9 million in 2022, then fell by 2.19% to $33.2 million in 2023, then retreated by 3.67% to $31.9 million in 2024, then surged by 42.39% to $45.5 million in 2025, then gained by 10.71% to $50.4 million in 2026.
- Business Quant data shows CVLG's Payables at $50.4 million in Q1 2026, $45.5 million in Q4 2025, and $32.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.68 Bn | 42.39 Bn | 1.52 Bn | 80.99 Mn |
| 2 | Xpo | 22.91 Bn | 22.62 Bn | 1.89 Bn | 486.00 Mn |
| 3 | TFI International | 11.51 Bn | 11.30 Bn | - | 777.44 Mn |
| 4 | Knight-Swift Transportation Holdings | 11.49 Bn | 11.31 Bn | 1.77 Bn | 281.67 Mn |
| 5 | Saia | 9.62 Bn | 9.53 Bn | - | 164.84 Mn |
| 6 | Schneider National | 6.23 Bn | 5.70 Bn | 1.00 Bn | 267.90 Mn |
| 7 | Rxo | 3.71 Bn | 3.69 Bn | 302.00 Mn | 713.00 Mn |
| 8 | Arcbest | 3.07 Bn | 2.90 Bn | 1.14 Bn | 198.23 Mn |
| 9 | Werner Enterprises | 2.30 Bn | 2.25 Bn | - | 119.09 Mn |
| 10 | Covenant Logistics | 874.71 Mn | 872.09 Mn | 320.47 Mn | 34.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.16 Mn |
| Mar 31, 2026 | 50.35 Mn |
| Dec 31, 2025 | 45.48 Mn |
| Sep 30, 2025 | 32.62 Mn |
| Jun 30, 2025 | 36.71 Mn |
| Mar 31, 2025 | 31.90 Mn |
| Dec 31, 2024 | 31.94 Mn |
| Sep 30, 2024 | 31.64 Mn |
| Jun 30, 2024 | 32.77 Mn |
| Mar 31, 2024 | 32.52 Mn |
| Dec 31, 2023 | 33.16 Mn |
| Sep 30, 2023 | 34.97 Mn |
| Jun 30, 2023 | 35.89 Mn |
| Mar 31, 2023 | 28.29 Mn |
| Dec 31, 2022 | 33.90 Mn |
| Sep 30, 2022 | 33.41 Mn |
| Jun 30, 2022 | 36.58 Mn |
| Mar 31, 2022 | 27.85 Mn |
| Dec 31, 2021 | 29.91 Mn |
| Sep 30, 2021 | 25.09 Mn |