Companies: 10,795·Total market cap: $144.5T
Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.

CVLGNYSEIndustrials● Active
$43.52
+$0.37(+0.86%)
Market Cap$1.1B
P/E Ratio—
52W High$44.12
52W Low$18
Overview

Covenant Logistics Group, Inc. (CVLG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CVLG · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$33.9M for FY2025 (fiscal year ending 2025-12-31), down 12.8% year-over-year The FCF margin was -2.9%.

FY2025 Free Cash Flow−$33.9M▼ -12.8% YoY
Trailing 12M (TTM)$139.8MTrailing 4Q sum · TTM positive vs latest FY negative
FCF Margin-2.9%−$33.9M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
cvlg free cash flow history · cvlg free cash flow chart · cvlg free cash flow growth rate · cvlg free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$33.9M▼ 12.8%-2.9%
FY2024−$30.1M▲ +77.4%-2.7%
FY2023−$132.8M▼ 325.9%-12.0%
FY2022$58.8M▲ +54.9%4.8%
FY2021$37.9M▲ +222.3%3.6%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
cvlg free cash flow 2025 · cvlg free cash flow 2024 · cvlg free cash flow 2023 · cvlg operating cash flow

FCF valuation metrics

Covenant Logistics Group, Inc. (CVLG) trades at a FCF yield of 12.77% and a price-to-free-cash-flow ratio of 7.8x. FCF per share stands at $5.59, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
12.77%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$5.59
TTM FCF ÷ Shares Outstanding
Price / FCF
x7.8
Share Price ÷ FCF per Share
EV / FCF (TTM)
x8.2
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
cvlg price to free cash flow · cvlg free cash flow yield · cvlg free cash flow per share · cvlg price to cash flow ratio

Cash flow statement summary

For FY2025, Covenant Logistics Group, Inc. generated $113.6M in operating cash flow and spent 148M in capital expenditures, yielding −$33.9M in free cash flow.

Operating Activities
+$113.6M
Cash from core business operations
2025-12-31
Investing Activities
−$140.1M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$4.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($113.6M) − |CapEx| (148M) = FCF (−$33.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
cvlg cash flow statement · cvlg cash flow statement 2025 · cvlg operating cash flow · cvlg cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc.YOU
CVLG
−$33.9M-12.8%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
Union Pacific Corporation
Union Pacific Corporation
UNP
$5.50B-6.7%#6
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Covenant Logistics Group, Inc. (CVLG) reported free cash flow of −$33.9M for FY2025 (fiscal year ending 2025-12-31), down 12.8% year-over-year. The FCF margin was -2.9%.

Based on available data, Covenant Logistics Group, Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $58.8M in FY2022.

Covenant Logistics Group, Inc.'s FCF yield is 12.77% and price-to-FCF ratio is 7.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

CVLG free cash flow · 8 questions

Covenant Logistics Group, Inc. free cash flow was −$33.9M for FY2025, down 12.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $139.8M.

CVLG free cash flowCVLG FCFCVLG FCF 2025CVLG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Covenant Logistics Group, Inc. · Covenant Logistics Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026