Covenant Logistics Group, Inc. (CVLG) - Net Assets

Latest as of September 2025: $423.72 Million USD

Based on the latest financial reports, Covenant Logistics Group, Inc. (CVLG) has net assets worth $423.72 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.03 Billion) and total liabilities ($601.89 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CVLG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets $423.72 Million
% of Total Assets 41.31%
Annual Growth Rate 6.65%
5-Year Change 50.82%
10-Year Change 116.83%
Growth Volatility 18.94

Covenant Logistics Group, Inc. - Net Assets Trend (1994–2024)

This chart illustrates how Covenant Logistics Group, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore CVLG asset base for the complete picture of this company's asset base.

Annual Net Assets for Covenant Logistics Group, Inc. (1994–2024)

The table below shows the annual net assets of Covenant Logistics Group, Inc. from 1994 to 2024. For live valuation and market cap data, see Covenant Logistics Group, Inc. market cap and net worth.

Year Net Assets Change
2024-12-31 $438.34 Million +8.66%
2023-12-31 $403.42 Million +6.97%
2022-12-31 $377.13 Million +7.84%
2021-12-31 $349.70 Million +20.32%
2020-12-31 $290.64 Million -16.99%
2019-12-31 $350.11 Million +2.03%
2018-12-31 $343.14 Million +16.24%
2017-12-31 $295.20 Million +24.87%
2016-12-31 $236.41 Million +16.94%
2015-12-31 $202.16 Million +19.48%
2014-12-31 $169.20 Million +68.60%
2013-12-31 $100.36 Million +6.01%
2012-12-31 $94.67 Million +8.75%
2011-12-31 $87.06 Million -13.55%
2010-12-31 $100.70 Million +6.36%
2009-12-31 $94.67 Million -20.32%
2008-12-31 $118.82 Million -31.03%
2007-12-31 $172.27 Million -8.78%
2006-12-31 $188.84 Million -0.46%
2005-12-31 $189.72 Million -3.05%
2004-12-31 $195.70 Million +1.85%
2003-12-31 $192.14 Million +9.43%
2002-12-31 $175.59 Million +8.45%
2001-12-31 $161.90 Million -3.53%
2000-12-31 $167.82 Million +2.42%
1999-12-31 $163.85 Million +15.78%
1998-12-31 $141.52 Million +48.04%
1997-12-31 $95.60 Million +16.97%
1996-12-31 $81.73 Million +28.71%
1995-12-31 $63.50 Million 0.00%
1994-12-31 $63.50 Million --

Equity Component Analysis

This analysis shows how different components contribute to Covenant Logistics Group, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2056.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings $278.13 Million 63.45%
Common Stock $265.00K 0.06%
Other Comprehensive Income $1.03 Million 0.24%
Other Components $158.91 Million 36.25%
Total Equity $438.34 Million 100.00%

Covenant Logistics Group, Inc. Competitors by Market Cap

The table below lists competitors of Covenant Logistics Group, Inc. ranked by their market capitalization.

Company Market Cap
Kailong High Technology Co. Ltd.
SHE:300912
 $442.13 Million
Mia Teknoloji AS
IS:MIATK
 $442.13 Million
Posiflex Technology Inc
TW:8114
 $442.28 Million
Stenhus Fastigheter I Norden AB
ST:SFAST
 $442.32 Million
Columbus McKinnon Corporation
NASDAQ:CMCO
 $441.84 Million
Tianjin Realty Development Group Co Ltd
SHG:600322
 $441.71 Million
Shandong Minhe Animal Husbandry Co Ltd
SHE:002234
 $441.70 Million
Shan Dong Delisi Food Co Ltd
SHE:002330
 $441.59 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Covenant Logistics Group, Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 403,420,000 to 438,340,000, a change of 34,920,000 (8.7%).
  • Net income of 35,921,000 contributed positively to equity growth.
  • Dividend payments of 5,796,000 reduced retained earnings.
  • Other comprehensive income increased equity by 219,000.
  • Other factors increased equity by 4,576,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $35.92 Million +8.19%
Dividends Paid $5.80 Million -1.32%
Other Comprehensive Income $219.00K +0.05%
Other Changes $4.58 Million +1.04%
Total Change $- 8.66%

Book Value vs Market Value Analysis

This analysis compares Covenant Logistics Group, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.37x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 7.24x to 1.37x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 $3.00 $21.72 x
1995-12-31 $2.39 $21.72 x
1996-12-31 $3.06 $21.72 x
1997-12-31 $3.59 $21.72 x
1998-12-31 $4.90 $21.72 x
1999-12-31 $5.45 $21.72 x
2000-12-31 $5.77 $21.72 x
2001-12-31 $11.58 $21.72 x
2002-12-31 $6.05 $21.72 x
2003-12-31 $6.53 $21.72 x
2004-12-31 $6.60 $21.72 x
2005-12-31 $6.65 $21.72 x
2006-12-31 $6.75 $21.72 x
2007-12-31 $6.14 $21.72 x
2008-12-31 $4.23 $21.72 x
2009-12-31 $3.35 $21.72 x
2010-12-31 $3.47 $21.72 x
2011-12-31 $2.96 $21.72 x
2012-12-31 $3.20 $21.72 x
2013-12-31 $3.34 $21.72 x
2014-12-31 $5.45 $21.72 x
2015-12-31 $5.52 $21.72 x
2016-12-31 $6.47 $21.72 x
2017-12-31 $8.03 $21.72 x
2018-12-31 $9.29 $21.72 x
2019-12-31 $9.39 $21.72 x
2020-12-31 $8.37 $21.72 x
2021-12-31 $10.27 $21.72 x
2022-12-31 $12.15 $21.72 x
2023-12-31 $14.58 $21.72 x
2024-12-31 $15.82 $21.72 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Covenant Logistics Group, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.19%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.17%
  • • Asset Turnover: 1.13x
  • • Equity Multiplier: 2.28x
  • Recent ROE (8.19%) is above the historical average (4.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 11.50% 5.53% 1.17x 1.77x $950.00K
1995 14.65% 5.16% 1.60x 1.77x $2.95 Million
1996 10.98% 3.80% 1.26x 2.29x $804.97K
1997 14.33% 4.60% 1.38x 2.25x $4.14 Million
1998 12.92% 4.93% 1.36x 1.93x $4.13 Million
1999 13.60% 4.71% 1.23x 2.34x $5.89 Million
2000 7.08% 2.15% 1.41x 2.33x $-4.91 Million
2001 -4.11% -1.22% 1.56x 2.16x $-22.85 Million
2002 4.71% 1.47% 1.56x 2.06x $-9.28 Million
2003 6.33% 2.09% 1.64x 1.84x $-7.06 Million
2004 1.73% 0.56% 1.68x 1.84x $-16.19 Million
2005 2.73% 0.81% 1.73x 1.96x $-13.79 Million
2006 -0.73% -0.20% 1.44x 2.52x $-20.27 Million
2007 -9.71% -2.35% 1.62x 2.55x $-33.95 Million
2008 -44.93% -6.90% 1.97x 3.31x $-65.27 Million
2009 -26.44% -4.25% 1.48x 4.21x $-34.50 Million
2010 3.27% 0.51% 1.50x 4.29x $-6.78 Million
2011 -16.39% -2.19% 1.48x 5.05x $-22.97 Million
2012 6.41% 0.90% 1.68x 4.23x $-3.40 Million
2013 5.23% 0.77% 1.46x 4.68x $-4.79 Million
2014 10.52% 2.48% 1.30x 3.27x $887.60K
2015 20.82% 5.81% 1.12x 3.20x $21.87 Million
2016 7.12% 2.51% 1.08x 2.62x $-6.81 Million
2017 18.78% 7.86% 1.09x 2.20x $25.92 Million
2018 12.39% 4.80% 1.14x 2.25x $8.19 Million
2019 2.42% 0.95% 1.01x 2.52x $-26.53 Million
2020 -14.70% -5.09% 1.24x 2.33x $-71.78 Million
2021 17.37% 5.81% 1.61x 1.86x $25.76 Million
2022 28.82% 8.93% 1.53x 2.11x $70.97 Million
2023 13.69% 5.00% 1.16x 2.37x $14.89 Million
2024 8.19% 3.17% 1.13x 2.28x $-7.91 Million

Industry Comparison

This section compares Covenant Logistics Group, Inc.'s net assets metrics with peer companies in the Trucking industry.

Industry Context

  • Industry: Trucking
  • Average net assets among peers: $-1,369,968,204
  • Average return on equity (ROE) among peers: 7.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Covenant Logistics Group, Inc. (CVLG) $423.72 Million 11.50% 1.42x $441.94 Million
ArcBest Corp (ARCB) $181.70 Million 8.48% 2.84x $2.46 Billion
BEST Inc (BEST) $-13.51 Billion 0.00% 0.00x $56.09 Million
Covenant Logistics Group, Inc. (CVLG) $63.50 Million 14.65% 0.77x $686.50 Million
Elite Express Holding Inc. Class A Common Stock (ETS) $13.19 Million -16.57% 0.04x $7.12 Million
Heartland Express Inc (HTLD) $360.04 Million 19.43% 0.55x $738.15 Million
Knight Transportation Inc (KNX) $24.73 Million 23.47% 0.74x $8.44 Billion
Marten Transport Ltd (MRTN) $34.70 Million 18.44% 1.79x $1.08 Billion
Old Dominion Freight Line Inc (ODFL) $345.05 Million 15.50% 0.86x $40.61 Billion
PAMT CORP (PAMT) $155.48 Million -12.07% 0.87x $198.76 Million

About Covenant Logistics Group, Inc.

NASDAQ:CVLG USA Trucking
Market Cap
$441.94 Million
Market Cap Rank
#13202 Global
#3032 in USA
Share Price
$21.72
Change (1 day)
+0.42%
52-Week Range
$18.07 - $26.21
All Time High
$60.66
Categories
Companies in USA Trucking
About

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Th… Read more