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Covenant Logistics Group (CVLG) operating margin by quarter

Covenant Logistics Group's operating margin was 3.5% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026. Over the last 6 quarters it ranged from 2.0% (Q1 2026) to 3.8% (Q2 2025).

Covenant Logistics Group operating margin by quarterCovenant Logistics Group operating margin by quarter2.8%Q1 20253.8%Q2 20252.7%Q3 20252.0%Q1 20262.7%Q2 20263.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20263.5%+0.9 pts+0.9 pts
Q2 20262.7%+0.6 pts-1.2 pts
Q1 20262.0%-0.6 pts-0.8 pts
Q3 20252.7%-1.1 pts—
Q2 20253.8%+1.0 pts—
Q1 20252.8%——

Q3 2026 at a glance

Covenant Logistics Group, Q3 2026: revenue $354M (+19% year over year), operating margin 3.5%, net earnings $10.7M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.

Questions

What is Covenant Logistics Group's operating margin?

Covenant Logistics Group's operating margin was 3.5% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026.

How has Covenant Logistics Group's operating margin changed?

Over the last 6 quarters it ranged from 2.0% (Q1 2026) to 3.8% (Q2 2025).

Q3 2026 results → · How Covenant Logistics Group makes money →