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
DateValue
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