CVLG
Income statement / Annual
Last year (2023), Covenant Logistics Group, Inc.'s total revenue was $1.10 B,
a decrease of 9.31% from the previous year.
In 2023, Covenant Logistics Group, Inc.'s net income was $55.23 M.
See Covenant Logistics Group, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.10 B
|
$1.22 B
|
$1.05 B
|
$838.56 M
|
$894.53 M
|
$885.46 M
|
$705.01 M
|
$670.65 M
|
$724.24 M
|
$718.98 M
|
| Cost of Revenue |
$989.47 M |
$1.03 B |
$898.72 M |
$729.01 M |
$780.34 M |
$741.02 M |
$612.10 M |
$573.43 M |
$593.36 M |
$606.02 M |
| Gross Profit |
$114.10 M |
$185.99 M |
$147.28 M |
$109.55 M |
$114.19 M |
$144.44 M |
$92.91 M |
$97.23 M |
$130.88 M |
$112.96 M |
| Gross Profit Ratio |
0.1 |
0.15 |
0.14 |
0.13 |
0.13 |
0.16 |
0.13 |
0.14 |
0.18 |
0.16 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$104.56 M
|
$93.69 M
|
$73.02 M
|
$93.09 M
|
$85.13 M
|
$73.62 M
|
$54.88 M
|
$53.07 M
|
$52.08 M
|
$62.35 M
|
| Selling & Marketing
Expenses |
-$50.10 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$54.46 M
|
$93.69 M
|
$73.02 M
|
$93.09 M
|
$85.13 M
|
$73.62 M
|
$54.88 M
|
$53.07 M
|
$52.08 M
|
$62.35 M
|
| Other Expenses |
$824,000.00 |
$11.93 M |
$10.90 M |
$11.62 M |
$13.02 M |
$11.83 M |
$9.88 M |
$11.71 M |
$11.02 M |
$13,000.00 |
| Operating Expenses |
$67.87 M |
$105.63 M |
$83.92 M |
$104.71 M |
$98.15 M |
$85.45 M |
$64.75 M |
$64.78 M |
$63.09 M |
$73.31 M |
| Cost And Expenses |
$1.06 B |
$1.14 B |
$982.64 M |
$833.73 M |
$878.49 M |
$826.47 M |
$676.85 M |
$638.20 M |
$656.46 M |
$679.33 M |
| Interest Income |
$0.00 |
$3.08 M |
$2.79 M |
$6.84 M |
$8.22 M |
$1.36 M |
$0.00 |
$0.00 |
$0.00 |
$13,000.00 |
| Interest Expense |
$7.97 M |
$3.08 M |
$2.79 M |
$6.84 M |
$11.11 M |
$8.71 M |
$8.26 M |
$8.23 M |
$8.45 M |
$10.81 M |
| Depreciation &
Amortization |
$69.94 M
|
$57.51 M
|
$53.88 M
|
$64.14 M
|
$80.50 M
|
$75.86 M
|
$72.42 M
|
$71.65 M
|
$62.01 M
|
$49.04 M
|
| EBITDA |
$116.18 M
|
$105.55 M
|
$78.15 M
|
$55.40 M
|
$16.03 M
|
$131.57 M
|
$100.58 M
|
$104.09 M
|
$129.79 M
|
$88.69 M
|
| EBITDA Ratio |
0.11 |
0.09 |
0.07 |
0.01 |
0.02 |
0.07 |
0.04 |
0.05 |
0.1 |
0.06 |
| Operating Income Ratio
|
0.05
|
0.04
|
0.02
|
-0.07
|
-0.07
|
0.07
|
0.04
|
0.05
|
0.09
|
0.06
|
| Total Other
Income/Expenses Net |
$13.42 M
|
$22.11 M
|
$11.99 M
|
-$2.90 M
|
$449,000.00
|
$2.59 M
|
-$4.86 M
|
-$5.23 M
|
-$3.88 M
|
-$7.06 M
|
| Income Before Tax |
$72.24 M |
$142.79 M |
$79.15 M |
-$16.92 M |
$11.94 M |
$58.01 M |
$23.30 M |
$27.22 M |
$63.91 M |
$32.58 M |
| Income Before Tax Ratio
|
0.07
|
0.12
|
0.08
|
-0.02
|
0.01
|
0.07
|
0.03
|
0.04
|
0.09
|
0.05
|
| Income Tax Expense |
$17.61 M |
$34.86 M |
$20.96 M |
-$2.80 M |
$3.46 M |
$15.51 M |
-$32.14 M |
$10.39 M |
$21.82 M |
$14.77 M |
| Net Income |
$55.23 M |
$108.68 M |
$60.73 M |
-$14.12 M |
$8.48 M |
$42.50 M |
$55.44 M |
$16.84 M |
$42.09 M |
$17.81 M |
| Net Income Ratio |
0.05 |
0.09 |
0.06 |
-0.02 |
0.01 |
0.05 |
0.08 |
0.03 |
0.06 |
0.02 |
| EPS |
4.23 |
7.24 |
3.61 |
-0.81 |
0.46 |
2.32 |
3.03 |
0.93 |
2.32 |
1.17 |
| EPS Diluted |
3.99 |
7 |
3.57 |
-0.81 |
0.45 |
2.3 |
3.02 |
0.92 |
2.3 |
1.15 |
| Weighted Average Shares
Out |
$13.05 M
|
$15.01 M
|
$16.80 M
|
$17.36 M
|
$18.44 M
|
$18.34 M
|
$18.28 M
|
$18.18 M
|
$18.15 M
|
$15.25 M
|
| Weighted Average Shares
Out Diluted |
$13.83 M
|
$15.52 M
|
$17.02 M
|
$17.36 M
|
$18.64 M
|
$18.47 M
|
$18.37 M
|
$18.27 M
|
$18.31 M
|
$15.52 M
|
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