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
For FY2025, Tax Rate at Covenant Logistics came in at 21.12%, down 1.92 percentage points from FY2024.
- Tax Rate has now declined for four consecutive years, with a four-year change of -5.36 percentage points (FY2021 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.
- 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 three of the last seven quarters, with an average year-over-year change of +0.39 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).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 23.84% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 25.97% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 23.99% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 32.84% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 24.21% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 23.10% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 29.61% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 21.51% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 24.45% |
| 10 | Covenant Logistics | 795.28 Mn | 773.79 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();