Covenant Logistics (CVLG) Return on Capital Employed [ROCE] (2011 - 2026)
Covenant Logistics (CVLG) reported Return on Capital Employed [ROCE] of -0.14% for Q2 2026, down 5.54 percentage points from 5.41% a year earlier and down 0.33 percentage points from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Covenant Logistics posted Return on Capital Employed [ROCE] of 0.36%, down 5.27 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined for three consecutive years, though with a five-year change of +2.53 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 5.63% in FY2024 (-2.71 pp), 8.34% in FY2023 (-12.90 pp), 21.25% in FY2022 (+8.37 pp) and 12.88% in FY2021 (+15.05 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since Q1 2021.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last 13 quarters, with an average year-over-year change of -2.88 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q1 2022 (a gain of 15.69 percentage points); the low point was Q3 2023 (a drop of 14.72 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.19% (Q1 2026), 0.36% (Q4 2025) and 4.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 15.69% |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - | 12.29% |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - | 11.61% |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - | 6.99% |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 9.67% |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 7.01% |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 10.05% |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 28.03% |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 8.86% |
| 10 | Covenant Logistics | 790.49 Mn | 769.00 Mn | - | -0.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.14% |
| Mar 31, 2026 | 0.19% |
| Dec 31, 2025 | 0.36% |
| Sep 30, 2025 | 4.33% |
| Jun 30, 2025 | 5.41% |
| Mar 31, 2025 | 5.83% |
| Dec 31, 2024 | 5.44% |
| 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% |
API Access
Covenant Logistics Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();