Covenant Logistics (CVLG) Return on Invested Capital [ROIC] (2011 - 2026)
Covenant Logistics' Return on Invested Capital [ROIC] came in at -0.17% for Q2 2026, down 5.08 percentage points from 4.91% a year earlier and down 0.34 percentage points from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Covenant Logistics' Return on Invested Capital [ROIC] was 0.33%, down 4.82 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined in each of the last three years, though with a five-year change of +2.79 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 5.15% in FY2024 (-2.69 pp), 7.84% in FY2023 (-13.32 pp), 21.16% in FY2022 (+7.50 pp) and 13.66% in FY2021 (+16.11 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q1 2021.
- Year-over-year, Return on Invested Capital [ROIC] has declined for 13 consecutive quarters, with an average year-over-year change of -2.66 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 16.47 percentage points), and the weakest in Q3 2023 (a drop of 14.59 percentage points).
- Business Quant data shows CVLG's Return on Invested Capital [ROIC] at 0.17% (Q1 2026), 0.33% (Q4 2025) and 3.97% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 15.51% |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - | 11.65% |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - | 12.85% |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - | 5.98% |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 9.62% |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 7.44% |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 10.82% |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 24.14% |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 9.15% |
| 10 | Covenant Logistics | 790.49 Mn | 769.00 Mn | - | -0.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.17% |
| Mar 31, 2026 | 0.17% |
| Dec 31, 2025 | 0.33% |
| Sep 30, 2025 | 3.97% |
| Jun 30, 2025 | 4.91% |
| Mar 31, 2025 | 5.38% |
| Dec 31, 2024 | 4.97% |
| Sep 30, 2024 | 5.56% |
| Jun 30, 2024 | 5.59% |
| Mar 31, 2024 | 5.41% |
| Dec 31, 2023 | 7.25% |
| Sep 30, 2023 | 7.37% |
| Jun 30, 2023 | 14.36% |
| Mar 31, 2023 | 17.72% |
| Dec 31, 2022 | 19.17% |
| Sep 30, 2022 | 21.95% |
| Jun 30, 2022 | 16.14% |
| Mar 31, 2022 | 15.30% |
| Dec 31, 2021 | 13.42% |
| Sep 30, 2021 | 11.46% |
API Access
Covenant Logistics Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();