Covenant Logistics (CVLG) Return on Capital Employed (2011 - 2026)
Covenant Logistics (CVLG) posted quarterly Return on Capital Employed of 4.03% for Q1 2026, down 128.0% YoY from 14.39% in Q1 2025, and down 23.36% sequentially from 5.26% in Q3 2025.
Covenant Logistics (CVLG) Return on Capital Employed (2011 - 2026) Analysis & Trends
Covenant Logistics has disclosed Return on Capital Employed across 16 years of filings, most recently posting 4.03% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 128.0% year-over-year to 4.03%; the TTM figure through Mar 2026 stood at 4.03% (down 128.0% YoY), while the FY2025 annual figure was 0.36%, down 513.0% from the prior year.
- Return on Capital Employed retreated to 4.03% in Q1 2026, from 5.26% in the prior quarter.
- Over the last five years, Return on Capital Employed for CVLG reached as high as 22.53% in Q3 2022 and fell as low as 4.03% in Q1 2026.
- The 5-year median for Return on Capital Employed is 7.81% (2023), against an average of 10.79%.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 1569 bps — and 2023, when it sank 1472 bps.
- A 5-year view of Return on Capital Employed shows it stood at 19.45% in 2022, then slumped by 60 bps to 7.81% in 2023, then dropped by 20 bps to 6.24% in 2024, then decreased by 16 bps to 5.26% in 2025, then retreated by 23 bps to 4.03% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 4.03%, 5.26%, and 6.26% for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | -53.16% |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | 26.96% |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | 10.45% |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | 1.68% |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | 10.92% |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | 3.81% |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | -3.46% |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | 4.94% |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | 0.83% |
| 10 | Covenant Logistics | 1.12 Bn | 1.11 Bn | 292.96 Mn | 4.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.03% |
| Sep 30, 2025 | 5.26% |
| Jun 30, 2025 | 6.26% |
| Mar 31, 2025 | 5.31% |
| Sep 30, 2024 | 6.24% |
| Jun 30, 2024 | 6.31% |
| 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% |
| Dec 31, 2020 | -2.47% |