Covenant Logistics (CVLG) Tax Provisions (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Tax Provisions of $1.7 million for Q1 2026, down 16.14% YoY from $2.0 million in Q1 2025, and down 6.15% sequentially from $1.8 million in Q3 2025.
Covenant Logistics (CVLG) Tax Provisions (2010 - 2026) Analysis & Trends
Covenant Logistics has disclosed Tax Provisions across 17 years of filings, most recently posting $1.7 million for Q1 2026.
- In Q1 2026, Tax Provisions fell 16.14% year-over-year to $1.7 million; the TTM figure through Mar 2026 stood at $8.9 million (down 17.24% YoY), while the FY2025 annual figure was $1.2 million, down 88.83% from the prior year.
- Tax Provisions eased to $1.7 million in Q1 2026, from $1.8 million in the prior quarter.
- Over the last five years, Tax Provisions for CVLG reached as high as $15.6 million in Q3 2022 and fell as low as $849000.0 in Q1 2024.
- The 5-year median for Tax Provisions is $3.8 million (2024), against an average of $4.7 million.
- Annual changes were most pronounced in 2022 — Tax Provisions jumped 153.18% — and 2024, when it slumped 86.57%.
- A 5-year view of Tax Provisions shows it stood at $2.7 million in 2022, then surged by 43.22% to $3.9 million in 2023, then increased by 5.91% to $4.1 million in 2024, then slumped by 57.21% to $1.8 million in 2025, then retreated by 6.15% to $1.7 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $1.7 million, $1.8 million, and $3.5 million for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | 9.12 Mn |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | 79.42 Mn |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | 23.00 Mn |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | -107,000.00 |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | 15.17 Mn |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | 6.80 Mn |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | -13.00 Mn |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | -297,000.00 |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | -1.48 Mn |
| 10 | Covenant Logistics | 1.12 Bn | 1.11 Bn | 292.96 Mn | 1.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.66 Mn |
| Sep 30, 2025 | 1.77 Mn |
| Jun 30, 2025 | 3.52 Mn |
| Mar 31, 2025 | 1.98 Mn |
| Sep 30, 2024 | 4.14 Mn |
| Jun 30, 2024 | 3.83 Mn |
| Mar 31, 2024 | 849,000.00 |
| Dec 31, 2023 | 3.91 Mn |
| Sep 30, 2023 | 4.48 Mn |
| Jun 30, 2023 | 2.90 Mn |
| Mar 31, 2023 | 6.32 Mn |
| Dec 31, 2022 | 2.73 Mn |
| Sep 30, 2022 | 15.56 Mn |
| Jun 30, 2022 | 8.66 Mn |
| Mar 31, 2022 | 7.91 Mn |
| Dec 31, 2021 | -5.99 Mn |
| Sep 30, 2021 | 6.15 Mn |
| Jun 30, 2021 | 5.57 Mn |
| Mar 31, 2021 | 4.15 Mn |
| Dec 31, 2020 | 4.20 Mn |