Covenant Logistics (CVLG) Return on Capital Employed (2011 - 2026)
Covenant Logistics (CVLG) posted quarterly Return on Capital Employed of 7.26% for Q1 2026, down 99.0% year-over-year from 726.34% in Q1 2025, and down 33.5% quarter-over-quarter from 10.92% in Q3 2025.
Covenant Logistics (CVLG) Return on Capital Employed (2011 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Return on Capital Employed for 16 consecutive years, with 7.26% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 99.0% year-over-year to 7.26%; the TTM figure through Mar 2026 stood at 7.26% (down 99.0% YoY), while the FY2025 annual figure was 0.36%, down 513.0% from the prior year.
- Return on Capital Employed slipped to 7.26% in Q1 2026 per CVLG's latest filing, from 10.92% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 22.53% in Q3 2022 and bottomed at 5.87% in Q1 2024.
- Historically, Return on Capital Employed has averaged 12.07% across 5 years, with a median of 10.17% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 1569 bps — and 2023, when it tumbled 1472 bps.
- Covenant Logistics' Return on Capital Employed stood at 19.45% in 2022, then sank by 60 bps to 7.81% in 2023, then grew by 18 bps to 9.24% in 2024, then grew by 18 bps to 10.92% in 2025, then slumped by 34 bps to 7.26% in 2026.
- Business Quant data shows CVLG's Return on Capital Employed at 7.26% in Q1 2026, 10.92% in Q3 2025, and 10.17% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 28.03% |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 11.63% |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 12.36% |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 1.93% |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 11.45% |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 4.14% |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | -3.56% |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 1.69% |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | -1.02% |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | -0.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.14% |
| Mar 31, 2026 | 7.26% |
| Sep 30, 2025 | 10.92% |
| Jun 30, 2025 | 10.17% |
| Mar 31, 2025 | 8.25% |
| Sep 30, 2024 | 9.24% |
| Jun 30, 2024 | 6.87% |
| Mar 31, 2024 | 5.87% |
| Dec 31, 2023 | 7.81% |
| Sep 30, 2023 | 7.81% |
| Jun 30, 2023 | 14.97% |
| Mar 31, 2023 | 17.84% |
| Dec 31, 2022 | 19.45% |
| Sep 30, 2022 | 22.53% |
| Jun 30, 2022 | 16.80% |
| Mar 31, 2022 | 15.31% |
| Dec 31, 2021 | 12.55% |
| Sep 30, 2021 | 12.28% |
| Jun 30, 2021 | 9.49% |
| Mar 31, 2021 | -0.38% |