Covenant Logistics Group, Inc.
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
Covenant Logistics Group, Inc. (CVLG) - Net Assets
Latest net assets as of December 2025: $404.00 Million USD
Based on the latest financial reports, Covenant Logistics Group, Inc. (CVLG) has net assets worth $404.00 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.05 Billion) and total liabilities ($643.55 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $404.00 Million |
| % of Total Assets | 38.57% |
| 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. Explore and compare other companies by net assets.
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.
| 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 |
|---|---|
|
Star Petroleum Refining Co Ltd
BK:SPRC
|
$367.39 Million |
|
Zumiez Inc
NASDAQ:ZUMZ
|
$367.52 Million |
|
NewRiver REIT plc
PINK:NRWRF
|
$367.70 Million |
|
Infund Holding Co Ltd
SHE:002141
|
$367.71 Million |
|
Kuo Toong International Co Ltd
TWO:8936
|
$367.26 Million |
|
Arjo AB
LSE:0HQ8
|
$367.19 Million |
|
Haining China Leather Market Co Ltd
SHE:002344
|
$367.17 Million |
|
Zhejiang Grandwall Electric Science&Technology Co Ltd Class A
SHG:603897
|
$367.07 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: 1.59x
- 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 8.38x to 1.59x 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 | $25.15 | x |
| 1995-12-31 | $2.39 | $25.15 | x |
| 1996-12-31 | $3.06 | $25.15 | x |
| 1997-12-31 | $3.59 | $25.15 | x |
| 1998-12-31 | $4.90 | $25.15 | x |
| 1999-12-31 | $5.45 | $25.15 | x |
| 2000-12-31 | $5.77 | $25.15 | x |
| 2001-12-31 | $11.58 | $25.15 | x |
| 2002-12-31 | $6.05 | $25.15 | x |
| 2003-12-31 | $6.53 | $25.15 | x |
| 2004-12-31 | $6.60 | $25.15 | x |
| 2005-12-31 | $6.65 | $25.15 | x |
| 2006-12-31 | $6.75 | $25.15 | x |
| 2007-12-31 | $6.14 | $25.15 | x |
| 2008-12-31 | $4.23 | $25.15 | x |
| 2009-12-31 | $3.35 | $25.15 | x |
| 2010-12-31 | $3.47 | $25.15 | x |
| 2011-12-31 | $2.96 | $25.15 | x |
| 2012-12-31 | $3.20 | $25.15 | x |
| 2013-12-31 | $3.34 | $25.15 | x |
| 2014-12-31 | $5.45 | $25.15 | x |
| 2015-12-31 | $5.52 | $25.15 | x |
| 2016-12-31 | $6.47 | $25.15 | x |
| 2017-12-31 | $8.03 | $25.15 | x |
| 2018-12-31 | $9.29 | $25.15 | x |
| 2019-12-31 | $9.39 | $25.15 | x |
| 2020-12-31 | $8.37 | $25.15 | x |
| 2021-12-31 | $10.27 | $25.15 | x |
| 2022-12-31 | $12.15 | $25.15 | x |
| 2023-12-31 | $14.58 | $25.15 | x |
| 2024-12-31 | $15.82 | $25.15 | 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% | 0.96% | 1.00x | 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: $287,827,437
- Average return on equity (ROE) among peers: -69.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Covenant Logistics Group, Inc. (CVLG) | $404.00 Million | 11.50% | 1.59x | $367.33 Million |
| ArcBest Corp (ARCB) | $233.70 Million | 8.69% | 0.92x | $1.88 Billion |
| BEST Inc (BEST) | $1.72 Billion | -97.58% | 10.50x | $56.09 Million |
| Celadon Group Inc (CGIP) | $53.94 Million | 3.17% | 2.52x | $2.72K |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $39.96K | -521.47% | 17.10x | $2.63 Million |
| EVO Transportation & Energy Services Inc (EVOA) | $-153.04K | 0.00% | 0.00x | $37.78 Million |
| Knight Transportation Inc (KNX) | $352.93 Million | 17.49% | 0.37x | $8.27 Billion |
| Link Reservations Inc (LRSV) | $-162.49K | 0.00% | 0.00x | $9.26 |
| Mogul Energy International Inc (MGUY) | $1.22 Million | -49.02% | 0.33x | $61.05K |
| Mullen Group Ltd (MLLGF) | $224.33 Million | 14.45% | 0.70x | $744.68 Million |