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Covenant Logistics Group vs Heartland Express: CVLG and HTLD compared
Covenant Logistics Group is the larger company: $354M of revenue in its latest quarter (Q3 2026) against $180M for Heartland Express (Q3 2026). Covenant Logistics Group is growing faster (+19% against -9% a year earlier). Covenant Logistics Group is more profitable, with an operating margin of 3.5% against 1.3%.
Where the money goes: CVLG and HTLD
Covenant Logistics Group (CVLG) · Q3 2026
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.
Heartland Express (HTLD) · Q3 2026
Heartland Express, Q3 2026: revenue $180M (-9% year over year), operating margin 1.3%, net earnings $959K, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Covenant Logistics Group (CVLG) | Heartland Express (HTLD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $354M | $180M |
| Revenue growth, Y/Y | +19% | -9% |
| Operating margin | 3.5% | 1.3% |
| Net earnings | $10.7M | $959K |
| Net margin | 3.0% | 0.5% |
| Operating cash flow | $26.7M | $19.0M |
| Market value | $839M | — |
| P/E | 155.4× | — |
| Analysts’ mean target | $49.50 | — |
Where the revenue comes from
Covenant Logistics Group
- Cargo and Freight: $315M (89%)
- Fuel Surcharge: $38.8M (11%)
Questions
Which is bigger, Covenant Logistics Group or Heartland Express?
Covenant Logistics Group is the larger company: $354M of revenue in its latest quarter (Q3 2026) against $180M for Heartland Express (Q3 2026).
Is Covenant Logistics Group or Heartland Express growing faster?
Covenant Logistics Group is growing faster (+19% against -9% a year earlier).
Which is more profitable, Covenant Logistics Group or Heartland Express?
Covenant Logistics Group is more profitable, with an operating margin of 3.5% against 1.3%.
More: Covenant Logistics Group earnings · how Covenant Logistics Group makes money · Heartland Express earnings · how Heartland Express makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.