Covenant Logistics (CVLG) Tax Rate (2010 - 2026)
Covenant Logistics (CVLG) reported Tax Rate of 27.34% for Q1 2026, up 413.0% year-over-year from 5.33% in Q1 2025, and up 23.98% on a QoQ basis from 22.05% in Q3 2025.
Covenant Logistics (CVLG) has 17 years of Tax Rate data on file, last reported at 27.34% in Q1 2026.
- Quarterly Tax Rate rose 413.0% year-over-year to 27.34% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.81% (up 139.0% YoY) and the FY2025 annual result came in at 21.12%, down 192.0% from the prior year.
- Tax Rate rose to 27.34% in Q1 2026 per CVLG's latest filing, from 22.05% in the prior quarter.
- Across five years, Tax Rate topped out at 27.72% in Q1 2023 and bottomed at 18.17% in Q1 2024.
- The 5-year median for Tax Rate is 24.12% (2024), against an average of 23.79%.
- The widest annual swing landed in 2022, when Tax Rate soared 4572 bps; it then sank 955 bps in 2024.
- Tracing CVLG's Tax Rate over 5 years: stood at 19.49% in 2022, then rose by 21 bps to 23.62% in 2023, then climbed by 3 bps to 24.32% in 2024, then decreased by 9 bps to 22.05% in 2025, then climbed by 24 bps to 27.34% in 2026.
- Per Business Quant, the three latest CVLG Tax Rate figures stand at 27.34% (Q1 2026), 22.05% (Q3 2025), and 26.35% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 25.00 |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 18.55 |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | 23.32 |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 7.04 |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 25.00 |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | 26.53 |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 22.26 |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 24.92 |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | 369.83 |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 Bn | 292.96 Mn | 27.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.34 |
| Mar 31, 2026 | 27.34 |
| Sep 30, 2025 | 22.05 |
| Sep 30, 2025 | 22.05 |
| Jun 30, 2025 | 26.35 |
| Jun 30, 2025 | 26.35 |
| Mar 31, 2025 | 23.20 |
| Mar 31, 2025 | 23.20 |
| Sep 30, 2024 | 24.32 |
| Sep 30, 2024 | 24.32 |
| Jun 30, 2024 | 24.12 |
| Jun 30, 2024 | 24.12 |
| Mar 31, 2024 | 18.17 |
| Mar 31, 2024 | 18.17 |
| Dec 31, 2023 | 23.62 |
| Dec 31, 2023 | 23.62 |
| Sep 30, 2023 | 25.13 |
| Sep 30, 2023 | 25.13 |
| Jun 30, 2023 | 19.26 |
| Jun 30, 2023 | 19.26 |
| Mar 31, 2023 | 27.72 |
| Mar 31, 2023 | 27.72 |
| Dec 31, 2022 | 19.49 |
| Dec 31, 2022 | 19.49 |
| Sep 30, 2022 | 23.75 |
| Sep 30, 2022 | 23.75 |
| Jun 30, 2022 | 26.09 |
| Jun 30, 2022 | 26.09 |
| Mar 31, 2022 | 26.30 |
| Mar 31, 2022 | 26.30 |
| Dec 31, 2021 | -26.23 |
| Dec 31, 2021 | -26.23 |
| Sep 30, 2021 | 27.21 |
| Sep 30, 2021 | 27.21 |
| Jun 30, 2021 | 26.52 |
| Jun 30, 2021 | 26.52 |
| Mar 31, 2021 | 32.57 |
| Mar 31, 2021 | 32.57 |
| Dec 31, 2020 | 36.12 |
| Dec 31, 2020 | 36.12 |
| Sep 30, 2020 | 22.12 |
| Sep 30, 2020 | 22.12 |
| Jun 30, 2020 | 24.05 |
| Jun 30, 2020 | 24.05 |
| Mar 31, 2020 | 24.56 |
| Mar 31, 2020 | 24.56 |
| Dec 31, 2019 | 547.69 |
| Dec 31, 2019 | 547.69 |
| Sep 30, 2019 | -2.85 |
| Sep 30, 2019 | -2.85 |
| Jun 30, 2019 | 29.38 |
| Jun 30, 2019 | 29.38 |
| Mar 31, 2019 | 26.30 |
| Mar 31, 2019 | 26.30 |
| Dec 31, 2018 | -50.55 |
| Dec 31, 2018 | -50.55 |
| Sep 30, 2018 | 26.79 |
| Sep 30, 2018 | 26.79 |
| Jun 30, 2018 | 28.26 |
| Jun 30, 2018 | 28.26 |
| Mar 31, 2018 | 25.83 |
| Mar 31, 2018 | 25.83 |
| Dec 31, 2017 | -83.00 |
| Dec 31, 2017 | -83.00 |
| Sep 30, 2017 | 39.19 |
| Sep 30, 2017 | 39.19 |
| Jun 30, 2017 | 44.73 |
| Jun 30, 2017 | 44.73 |
| Mar 31, 2017 | 94.78 |
| Mar 31, 2017 | 94.78 |
| Dec 31, 2016 | -34.79 |
| Dec 31, 2016 | -34.79 |
| Sep 30, 2016 | 27.13 |
| Sep 30, 2016 | 27.13 |
| Jun 30, 2016 | 44.22 |
| Jun 30, 2016 | 44.22 |
| Mar 31, 2016 | 27.14 |
| Mar 31, 2016 | 27.14 |
| Dec 31, 2015 | 41.73 |
| Dec 31, 2015 | 41.73 |
| Sep 30, 2015 | 43.87 |
| Sep 30, 2015 | 43.87 |
| Jun 30, 2015 | 40.19 |
| Jun 30, 2015 | 40.19 |
| Mar 31, 2015 | -10.87 |
| Mar 31, 2015 | -10.87 |
| Dec 31, 2014 | -22.71 |
| Dec 31, 2014 | -22.71 |
| Sep 30, 2014 | 51.54 |
| Sep 30, 2014 | 51.54 |
| Jun 30, 2014 | 47.41 |
| Jun 30, 2014 | 47.41 |
| Mar 31, 2014 | 13.75 |
| Mar 31, 2014 | 13.75 |
| Dec 31, 2013 | -74.44 |
| Dec 31, 2013 | -74.44 |
| Sep 30, 2013 | 57.54 |
| Sep 30, 2013 | 57.54 |
| Jun 30, 2013 | 55.87 |
| Jun 30, 2013 | 55.87 |
| Mar 31, 2013 | 31.69 |
| Mar 31, 2013 | 31.69 |
| Dec 31, 2012 | -147.39 |
| Dec 31, 2012 | -147.39 |
| Sep 30, 2012 | 53.35 |
| Sep 30, 2012 | 53.35 |
| Jun 30, 2012 | 47.74 |
| Jun 30, 2012 | 47.74 |
| Mar 31, 2012 | 29.28 |
| Mar 31, 2012 | 29.28 |
| Dec 31, 2011 | -71.23 |
| Dec 31, 2011 | -71.23 |
| Sep 30, 2011 | 16.72 |
| Sep 30, 2011 | 16.72 |
| Jun 30, 2011 | 52.14 |
| Jun 30, 2011 | 52.14 |
| Mar 31, 2011 | 34.21 |
| Mar 31, 2011 | 34.21 |
| Dec 31, 2010 | -267.34 |
| Dec 31, 2010 | -267.34 |
| Sep 30, 2010 | 52.57 |
| Sep 30, 2010 | 52.57 |
| Jun 30, 2010 | 49.73 |
| Jun 30, 2010 | 49.73 |