Filing Flows › Covenant Logistics Group (CVLG) › Q3 2026 › vs Q3 2025
Covenant Logistics Group (CVLG) Q3 2026 vs Q3 2025 (year over year)
Covenant Logistics Group's revenue rose $57.0M (+19%) from $297M in Q3 2025 to $354M in Q3 2026. The biggest changes: Cargo and Freight +$46.2M (+17%); Fuel Surcharge +$10.8M (+38%). Operating margin 3.5% against 2.7% (+0.9 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.5% | 2.7% | +0.9 pts |
| Net margin | 3.0% | 3.1% | -0.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Cargo and Freight | $315M | $269M | $46.2M | +17% |
| Fuel Surcharge | $38.8M | $28.0M | $10.8M | +38% |
| Revenue | $354M | $297M | $57.0M | +19% |
| Other income, net | $1.8M | $2.9M | −$1.1M | -39% |
| Operating profit | $12.5M | $7.9M | $4.6M | +58% |
| Costs & expenses | $341M | $289M | $52.4M | +18% |
| Pre-tax earnings | $14.3M | $10.9M | $3.4M | +32% |
| Net earnings | $10.7M | $9.1M | $1.6M | +18% |
| Income tax | $3.6M | $1.8M | $1.8M | +102% |
| Depreciation & amortization | $23.5M | $23.0M | $505K | +2% |
| Share-based compensation | $632K | $1.1M | −$433K | -41% |
| Working capital & other | $8.0M | −$8.3M | $16.3M | — |
| Operating cash flow | $26.7M | $41.4M | −$14.6M | -35% |
| Capital expenditures | $33.9M | $49.2M | −$15.3M | -31% |
| Negative free cash flow (OCF − capex) | $7.1M | $7.8M | −$687K | -9% |
Questions
How much did Covenant Logistics Group's revenue grow year over year in Q3 2026?
Covenant Logistics Group's revenue rose $57.0M (+19%) from $297M in Q3 2025 to $354M in Q3 2026.
What drove Covenant Logistics Group's revenue change in Q3 2026?
Cargo and Freight +$46.2M (+17%); Fuel Surcharge +$10.8M (+38%).