Covenant Logistics (CVLG) Return on Assets [ROA] (2011 - 2026)
Covenant Logistics (CVLG) reported Return on Assets [ROA] of 0.37% for Q2 2026, down 3.26 percentage points from 3.64% a year earlier and down 0.12 percentage points from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Covenant Logistics posted Return on Assets [ROA] of 0.71%, down 2.97 percentage points from FY2024.
- Return on Assets [ROA] has declined for three consecutive years, though with a five-year change of +6.19 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at 3.68% in FY2024 (-2.63 pp), 6.31% in FY2023 (-8.70 pp), 15.01% in FY2022 (+5.86 pp) and 9.14% in FY2021 (+14.63 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Assets [ROA] since Q1 2021.
- Year over year, Return on Assets [ROA] has now declined in each of the last 13 quarters, with an average year-over-year change of -2.03 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was Q1 2022 (a gain of 14.74 percentage points); the low point was Q3 2023 (a drop of 9.65 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.49% (Q1 2026), 0.70% (Q4 2025) and 3.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 10.41% |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - | 7.32% |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - | 6.39% |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - | 4.44% |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 5.84% |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 4.58% |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 3.82% |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 19.12% |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 4.22% |
| 10 | Covenant Logistics | 790.49 Mn | 769.00 Mn | - | 0.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37% |
| Mar 31, 2026 | 0.49% |
| Dec 31, 2025 | 0.70% |
| Sep 30, 2025 | 3.17% |
| Jun 30, 2025 | 3.64% |
| Mar 31, 2025 | 3.89% |
| Dec 31, 2024 | 3.58% |
| Sep 30, 2024 | 4.19% |
| Jun 30, 2024 | 4.38% |
| Mar 31, 2024 | 4.49% |
| Dec 31, 2023 | 5.98% |
| Sep 30, 2023 | 6.12% |
| Jun 30, 2023 | 11.12% |
| Mar 31, 2023 | 13.21% |
| Dec 31, 2022 | 13.99% |
| Sep 30, 2022 | 15.77% |
| Jun 30, 2022 | 11.88% |
| Mar 31, 2022 | 10.94% |
| Dec 31, 2021 | 8.96% |
| Sep 30, 2021 | 3.15% |
API Access
Covenant Logistics Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();