Covenant Logistics (CVLG) Tax Rate (2010 - 2026)
Covenant Logistics' Tax Rate was 23.28% in Q2 2026, down 3.07 percentage points from 26.35% a year earlier and down 4.06 percentage points from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Covenant Logistics' Tax Rate was -7.85% through Jun 30, 2026, down 31.98 percentage points year-over-year; for FY2025, it came in at 21.12%, down 1.92 percentage points from FY2024.
- Tax Rate has now declined for four consecutive years, though with a five-year change of +4.56 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 23.04% in FY2024 (-1.34 pp), 24.38% in FY2023 (-0.03 pp), 24.41% in FY2022 (-2.07 pp) and 26.48% in FY2021 (+9.91 pp).
- Quarterly Tax Rate has moved between 18.17% (Q1 2024) and 27.72% (Q1 2023) over five years.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of +0.83 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2021 (a gain of 5.09 percentage points); the worst was Q4 2021 (a drop of 13.79 percentage points).
- Per Business Quant data, CVLG's Tax Rate in the three quarters before Q2 2026 was 27.34% (Q1 2026), 25.03% (Q4 2025) and 22.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 168.13 Bn | 162.66 Bn | - | 22.00% |
| 2 | Csx | 88.79 Bn | 85.00 Bn | - | 24.09% |
| 3 | United Parcel Service | 80.69 Bn | 57.59 Bn | - | 20.63% |
| 4 | Canadian Pacific Kansas City | 76.03 Bn | 75.05 Bn | - | 24.65% |
| 5 | Norfolk Southern | 72.23 Bn | 66.88 Bn | - | 23.46% |
| 6 | Fedex | 68.94 Bn | 34.89 Bn | - | 24.21% |
| 7 | Delta Air Lines | 52.07 Bn | 34.25 Bn | - | 29.61% |
| 8 | Old Dominion Freight Line | 38.07 Bn | 37.34 Bn | - | 25.00% |
| 9 | United Airlines Holdings | 33.47 Bn | -22.90 Bn | - | 21.54% |
| 10 | Covenant Logistics | 791.75 Mn | 770.26 Mn | - | 23.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.28% |
| Mar 31, 2026 | 27.34% |
| Sep 30, 2025 | 22.05% |
| Jun 30, 2025 | 26.35% |
| Mar 31, 2025 | 23.20% |
| Dec 31, 2024 | 21.12% |
| Sep 30, 2024 | 24.32% |
| Jun 30, 2024 | 24.12% |
| Mar 31, 2024 | 18.17% |
| Dec 31, 2023 | 23.62% |
| Sep 30, 2023 | 25.13% |
| Jun 30, 2023 | 19.26% |
| Mar 31, 2023 | 27.72% |
| Dec 31, 2022 | 19.49% |
| Sep 30, 2022 | 23.75% |
| Jun 30, 2022 | 26.09% |
| Mar 31, 2022 | 26.30% |
| Dec 31, 2021 | 22.33% |
| Sep 30, 2021 | 27.21% |
| Jun 30, 2021 | 26.52% |
API Access
Covenant Logistics Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CVLG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();