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
DateValue
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%