Covenant Logistics (CVLG) Profit After Tax (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Profit After Tax of $4.4 million for Q1 2026, down 32.65% year-over-year from $6.6 million in Q1 2025, and down 80.5% quarter-over-quarter from $22.7 million in Q3 2025.
Covenant Logistics (CVLG) Profit After Tax (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Profit After Tax for 17 consecutive years, with $4.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Profit After Tax fell 32.65% year-over-year to $4.4 million; the TTM figure through Mar 2026 stood at $50.1 million (down 9.25% YoY), while the FY2025 annual figure was $4.4 million, down 87.72% from the prior year.
- Profit After Tax eased to $4.4 million in Q1 2026 per CVLG's latest filing, from $22.7 million in the prior quarter.
- Across five years, Profit After Tax topped out at $59.7 million in Q3 2022 and bottomed at $4.0 million in Q1 2024.
- Historically, Profit After Tax has averaged $18.2 million across 5 years, with a median of $15.9 million in 2024.
- Annual changes were most pronounced in 2022 — Profit After Tax soared 262.92% — and 2023, when it sank 77.62%.
- Covenant Logistics' Profit After Tax stood at $12.0 million in 2022, then advanced by 10.12% to $13.2 million in 2023, then jumped by 117.08% to $28.8 million in 2024, then decreased by 21.16% to $22.7 million in 2025, then sank by 80.5% to $4.4 million in 2026.
- Business Quant data shows CVLG's Profit After Tax at $4.4 million in Q1 2026, $22.7 million in Q3 2025, and $16.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 350.60 Mn |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 162.00 Mn |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 136.15 Mn |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 43.42 Mn |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 94.26 Mn |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 49.80 Mn |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | -9.00 Mn |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | -13.82 Mn |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 6.35 Mn |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | 8.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.54 Mn |
| Mar 31, 2026 | 4.42 Mn |
| Sep 30, 2025 | 22.67 Mn |
| Jun 30, 2025 | 16.40 Mn |
| Mar 31, 2025 | 6.56 Mn |
| Sep 30, 2024 | 28.75 Mn |
| Jun 30, 2024 | 15.87 Mn |
| Mar 31, 2024 | 3.97 Mn |
| Dec 31, 2023 | 13.25 Mn |
| Sep 30, 2023 | 13.36 Mn |
| Jun 30, 2023 | 12.29 Mn |
| Mar 31, 2023 | 16.64 Mn |
| Dec 31, 2022 | 12.03 Mn |
| Sep 30, 2022 | 59.67 Mn |
| Jun 30, 2022 | 24.53 Mn |
| Mar 31, 2022 | 22.17 Mn |
| Dec 31, 2021 | 20.27 Mn |
| Sep 30, 2021 | 16.44 Mn |
| Jun 30, 2021 | 15.42 Mn |
| Mar 31, 2021 | 11.14 Mn |