Filing Flows › Covenant Logistics Group (CVLG) › Q1 2025
Covenant Logistics Group (CVLG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Covenant Logistics Group (CVLG) reported revenue of $269M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -3% from the quarter before. Operating margin was 2.8%, net earnings $6.6M (2.4% of revenue).
Covenant Logistics Group, Q1 2025: revenue $269M (-3% year over year), operating margin 2.8%, net earnings $6.6M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $269M | -3% | -3% |
| Operating profit | $7.6M | -11% | +76% |
| Net earnings | $6.6M | -2% | +65% |
| Operating cash flow | $24.8M | +13% | +14% |
What changed
Revenue was $269.4M in Q1 2025, down 3% year over year and down 3% from the previous quarter. Cargo and Freight was the largest line at 90% of revenue. Fuel Surcharge lost $4.9M year over year (down 16%), 53% of the total change.
Operating profit was $7.6M, a 2.8% margin (up 1.3 points year over year). Total costs fell 5% while revenue fell 3%. Net earnings were $6.6M, up 65% year over year. The effective tax rate was 23.2%.
Operating cash flow was $24.8M (up 14% year over year), 378% of net earnings. Non-cash charges added back $21.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $33.4M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Covenant Logistics Group's revenue in the first quarter 2025?
Covenant Logistics Group (CVLG) reported revenue of $269M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -3% from the quarter before.
Was Covenant Logistics Group profitable in the first quarter 2025?
Operating profit was $7.6M (2.8% of revenue) and net earnings $6.6M.