Filing Flows › Covenant Logistics Group (CVLG) › Q2 2026 › vs Q2 2025
Covenant Logistics Group (CVLG) Q2 2026 vs Q2 2025 (year over year)
Covenant Logistics Group's revenue rose $30.0M (+10%) from $303M in Q2 2025 to $333M in Q2 2026. The biggest changes: Cargo and Freight +$18.2M (+7%); Fuel Surcharge +$11.9M (+45%). Operating margin 2.7% against 3.8% (-1.2 pts).
Covenant Logistics Group, Q2 2026: revenue $333M (+10% year over year), operating margin 2.7%, net earnings $8.5M, operating cash flow −$10.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 2.7% | 3.8% | -1.2 pts |
| Net margin | 2.6% | 3.2% | -0.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Cargo and Freight | $295M | $277M | $18.2M | +7% |
| Fuel Surcharge | $38.2M | $26.3M | $11.9M | +45% |
| Revenue | $333M | $303M | $30.0M | +10% |
| Other income, net | $2.3M | $1.8M | $486K | +27% |
| Operating profit | $8.8M | $11.6M | −$2.7M | -24% |
| Costs & expenses | $324M | $291M | $32.7M | +11% |
| Pre-tax earnings | $11.1M | $13.4M | −$2.2M | -17% |
| Net earnings | $8.5M | $9.8M | −$1.3M | -13% |
| Income tax | $2.6M | $3.5M | −$931K | -26% |
| Operating cash sources | $42.4M | $12.0M | $30.5M | +254% |
| Depreciation & amortization | $22.8M | $23.1M | −$302K | -1% |
| Share-based compensation | $228K | $920K | −$692K | -75% |
| Cash used in operations | $10.9M | −$21.9M | $32.8M | — |
| Working capital & other | $42.4M | $12.0M | $30.5M | +254% |
Questions
How much did Covenant Logistics Group's revenue grow year over year in Q2 2026?
Covenant Logistics Group's revenue rose $30.0M (+10%) from $303M in Q2 2025 to $333M in Q2 2026.
What drove Covenant Logistics Group's revenue change in Q2 2026?
Cargo and Freight +$18.2M (+7%); Fuel Surcharge +$11.9M (+45%).