Covenant Logistics (CVLG) Return on Capital Employed (2011 - 2026)
Covenant Logistics (CVLG) reported Return on Capital Employed of 4.03% for Q1 2026, down 128.0% year-over-year from 14.39% in Q1 2025, and down 23.36% on a QoQ basis from 5.26% in Q3 2025.
Covenant Logistics (CVLG) has 16 years of Return on Capital Employed data on file, last reported at 4.03% in Q1 2026.
- Quarterly Return on Capital Employed fell 128.0% year-over-year to 4.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.03% (down 128.0% YoY) and the FY2025 annual result came in at 0.36%, down 513.0% from the prior year.
- Return on Capital Employed fell to 4.03% in Q1 2026 per CVLG's latest filing, from 5.26% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 22.53% in Q3 2022 and bottomed at 4.03% in Q1 2026.
- The 5-year median for Return on Capital Employed is 7.81% (2023), against an average of 10.79%.
- The widest annual swing landed in 2022, when Return on Capital Employed soared 1569 bps; it then sank 1472 bps in 2023.
- Tracing CVLG's Return on Capital Employed over 5 years: stood at 19.45% in 2022, then slumped by 60 bps to 7.81% in 2023, then decreased by 20 bps to 6.24% in 2024, then fell by 16 bps to 5.26% in 2025, then declined by 23 bps to 4.03% in 2026.
- Per Business Quant, the three latest CVLG Return on Capital Employed figures stand at 4.03% (Q1 2026), 5.26% (Q3 2025), and 6.26% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 26.96% |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 10.45% |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | 10.92% |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 1.68% |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 3.81% |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | -3.46% |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 4.94% |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 0.83% |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | 0.59% |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 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% |
| Sep 30, 2020 | -3.40% |
| Jun 30, 2020 | -4.52% |
| Mar 31, 2020 | 0.46% |
| Dec 31, 2019 | 1.20% |
| Sep 30, 2019 | 4.07% |
| Jun 30, 2019 | 6.96% |
| Mar 31, 2019 | 8.41% |
| Dec 31, 2018 | 9.32% |
| Sep 30, 2018 | 8.43% |
| Jun 30, 2018 | 7.41% |
| Mar 31, 2018 | 5.97% |
| Dec 31, 2017 | 4.95% |
| Sep 30, 2017 | 4.71% |
| Jun 30, 2017 | 4.16% |
| Mar 31, 2017 | 4.87% |
| Dec 31, 2016 | 6.36% |
| Sep 30, 2016 | 8.73% |
| Jun 30, 2016 | 11.06% |
| Mar 31, 2016 | 33.04% |
| Dec 31, 2015 | 36.72% |
| Sep 30, 2015 | 14.91% |
| Jun 30, 2015 | 13.74% |
| Mar 31, 2015 | 12.32% |
| Dec 31, 2014 | 10.84% |
| Sep 30, 2014 | 6.41% |
| Jun 30, 2014 | 6.73% |
| Mar 31, 2014 | 15.49% |
| Dec 31, 2013 | 16.73% |
| Sep 30, 2013 | 5.35% |
| Jun 30, 2013 | 5.18% |
| Mar 31, 2013 | 23.88% |
| Dec 31, 2012 | 30.68% |
| Sep 30, 2012 | 7.18% |
| Jun 30, 2012 | 1.72% |
| Mar 31, 2012 | 1.09% |
| Dec 31, 2011 | -1.35% |
| Sep 30, 2011 | -6.31% |