Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc. (CVLG) reported FY 2025 revenue of $1.16 billion, with net income of $7.2 million. Operating income was $2.9 million, significantly impacted by a $10.7 million goodwill impairment charge and a $6.5 million write-down of held-for-sale assets. The company generated $113.6 million in operating cash flow, which was used to fund $147.6 million in capital expenditures for property and equipment and $27.1 million in acquisitions, resulting in negative free cash flow. Key profitability was challenged by high operating expenses, including $433.2 million in salaries and wages and $286.7 million in revenue equipment rentals and purchased transportation. The balance sheet shows total assets of $1.05 billion, with $404.0 million in stockholders' equity and total liabilities of $641.6 million, including $298.0 million in total debt. The company paid a $7.2 million cash dividend and repurchased $36.6 million of common stock.

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