Covenant Logistics (CVLG) Tax Rate (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Tax Rate of 27.34% for Q1 2026, up 413.0% year-over-year from 5.33% in Q1 2025, and up 12.51% quarter-over-quarter from 24.3% in Q3 2025.
Covenant Logistics (CVLG) Tax Rate (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Tax Rate for 17 consecutive years, with 27.34% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 413.0% year-over-year to 27.34%; the TTM figure through Mar 2026 stood at 24.71% (up 182.0% YoY), while the FY2025 annual figure was 3.81%, changed N/A from the prior year.
- Tax Rate advanced to 27.34% in Q1 2026 per CVLG's latest filing, from 24.3% in the prior quarter.
- Across five years, Tax Rate topped out at 27.72% in Q1 2023 and bottomed at 72.65% in Q4 2023.
- Historically, Tax Rate has averaged 17.3% across 5 years, with a median of 23.75% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate surged 7238 bps — and 2023, when it sank 9214 bps.
- Covenant Logistics' Tax Rate stood at 19.49% in 2022, then slumped by 473 bps to 72.65% in 2023, then surged by 132 bps to 23.47% in 2024, then advanced by 4 bps to 24.3% in 2025, then gained by 13 bps to 27.34% in 2026.
- Business Quant data shows CVLG's Tax Rate at 27.34% in Q1 2026, 24.3% in Q3 2025, and 25.12% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 25.00% |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 25.69% |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 24.43% |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 34.13% |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 24.88% |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 24.24% |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | -12.50% |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 34.03% |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 27.30% |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | 23.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.28% |
| Jun 30, 2026 | 23.28% |
| Jun 30, 2026 | 23.28% |
| Mar 31, 2026 | 27.34% |
| Mar 31, 2026 | 27.34% |
| Mar 31, 2026 | 27.34% |
| Sep 30, 2025 | 24.30% |
| Sep 30, 2025 | 24.30% |
| Sep 30, 2025 | 24.30% |
| Jun 30, 2025 | 25.12% |
| Jun 30, 2025 | 25.12% |
| Jun 30, 2025 | 25.12% |
| Mar 31, 2025 | 23.20% |
| Mar 31, 2025 | 23.20% |
| Mar 31, 2025 | 23.20% |
| Sep 30, 2024 | 23.47% |
| Sep 30, 2024 | 23.47% |
| Sep 30, 2024 | 23.47% |
| Jun 30, 2024 | 22.76% |
| Jun 30, 2024 | 22.76% |