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Covenant Logistics (CVLG) Tax Rate (2016 - 2025)

Covenant Logistics (CVLG) has disclosed Tax Rate for 16 consecutive years, with 22.05% as the latest value for Q3 2025.

  • Quarterly Tax Rate fell 227.0% to 22.05% in Q3 2025 from the year-ago period, while the trailing twelve-month figure was 23.61% through Sep 2025, up 9.0% year-over-year, with the annual reading at 21.12% for FY2025, 192.0% down from the prior year.
  • Tax Rate for Q3 2025 was 22.05% at Covenant Logistics, down from 26.35% in the prior quarter.
  • The five-year high for Tax Rate was 32.57% in Q1 2021, with the low at 57.32% in Q4 2021.
  • Average Tax Rate over 5 years is 19.98%, with a median of 24.12% recorded in 2024.
  • The sharpest move saw Tax Rate tumbled -11812bps in 2021, then surged 7681bps in 2022.
  • Over 5 years, Tax Rate stood at 57.32% in 2021, then surged by 134bps to 19.49% in 2022, then grew by 21bps to 23.62% in 2023, then dropped by -11bps to 21.12% in 2024, then grew by 4bps to 22.05% in 2025.
  • According to Business Quant data, Tax Rate over the past three periods came in at 22.05%, 26.35%, and 23.2% for Q3 2025, Q2 2025, and Q1 2025 respectively.