CVLG: Covenant Logistics Group Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Covenant Logistics Group Inc (CVLG).
$718.42M Market Cap.
CVLG Market Cap. (MRY)
CVLG Shares Outstanding (MRY)
CVLG Assets (MRY)
Total Assets
$997.57M
Total Liabilities
$559.23M
Total Investments
$0
CVLG Income (MRY)
Revenue
$1.13B
Net Income
$35.92M
Operating Expense
$219.46M
CVLG Cash Flow (MRY)
CF Operations
$122.89M
CF Investing
-$107.67M
CF Financing
$18.11M
CVLG Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $997,568,000 (4.52%) | $954,438,000 (19.81%) | $796,645,000 (22.25%) | $651,662,000 (-3.70%) |
Assets Current | $213,850,000 (15.01%) | $185,945,000 (-16.49%) | $222,656,000 (18.10%) | $188,527,000 (27.56%) |
Assets Non-Current | $783,718,000 (1.98%) | $768,493,000 (33.89%) | $573,989,000 (23.94%) | $463,135,000 (-12.44%) |
Goodwill & Intangible Assets | $169,067,000 (-3.59%) | $175,362,000 (64.84%) | $106,386,000 (68.89%) | $62,993,000 (-6.03%) |
Shareholders Equity | $438,340,000 (8.66%) | $403,420,000 (6.97%) | $377,128,000 (7.84%) | $349,699,000 (20.32%) |
Property Plant & Equipment Net | $524,809,000 (1.97%) | $514,655,000 (26.22%) | $407,735,000 (17.68%) | $346,483,000 (-11.49%) |
Cash & Equivalents | $35,619,000 (1452.70%) | $2,294,000 (-96.66%) | $68,665,000 (716.27%) | $8,412,000 (0.06%) |
Accumulated Other Comprehensive Income | $1,035,000 (26.84%) | $816,000 (-24.86%) | $1,086,000 (183.15%) | -$1,306,000 (41.98%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $5,648,000 (16.50%) | $4,848,000 (37.88%) | $3,516,000 (5.81%) | $3,323,000 (6.54%) |
Trade & Non-Trade Receivables | $145,634,000 (-0.84%) | $146,871,000 (18.86%) | $123,568,000 (-18.25%) | $151,154,000 (44.07%) |
Trade & Non-Trade Payables | $31,939,000 (-3.67%) | $33,155,000 (-2.19%) | $33,896,000 (13.34%) | $29,907,000 (-5.64%) |
Accumulated Retained Earnings (Deficit) | $278,133,000 (-26.60%) | $378,919,000 (15.01%) | $329,471,000 (46.38%) | $225,076,000 (35.32%) |
Tax Assets | $6,499,000 (-3.56%) | $6,739,000 (39.29%) | $4,838,000 (-52.46%) | $10,177,000 (144.93%) |
Tax Liabilities | $117,650,000 (1.34%) | $116,095,000 (17.61%) | $98,716,000 (16.60%) | $84,661,000 (13.56%) |
Total Debt | $296,889,000 (1.17%) | $293,464,000 (63.37%) | $179,629,000 (141.92%) | $74,251,000 (-33.46%) |
Debt Current | $75,310,000 (24.72%) | $60,382,000 (42.40%) | $42,402,000 (49.40%) | $28,381,000 (-9.81%) |
Debt Non-Current | $221,579,000 (-4.94%) | $233,082,000 (69.85%) | $137,227,000 (199.17%) | $45,870,000 (-42.75%) |
Total Liabilities | $559,228,000 (1.49%) | $551,018,000 (31.35%) | $419,517,000 (38.93%) | $301,963,000 (-21.79%) |
Liabilities Current | $181,277,000 (6.45%) | $170,291,000 (9.08%) | $156,121,000 (9.37%) | $142,745,000 (7.02%) |
Liabilities Non-Current | $377,951,000 (-0.73%) | $380,727,000 (44.55%) | $263,396,000 (65.43%) | $159,218,000 (-36.99%) |
CVLG Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,131,476,000 (2.53%) | $1,103,573,000 (-9.31%) | $1,216,858,000 (16.33%) | $1,046,003,000 (24.74%) |
Cost of Revenue | $867,252,000 (-1.77%) | $882,837,000 (-10.40%) | $985,292,000 (15.14%) | $855,740,000 (26.75%) |
Selling General & Administrative Expense | $71,460,000 (31.23%) | $54,456,000 (26.21%) | $43,147,000 (26.05%) | $34,231,000 (-14.51%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $219,464,000 (35.54%) | $161,913,000 (46.02%) | $110,884,000 (-9.92%) | $123,101,000 (-30.62%) |
Interest Expense | $13,576,000 (70.40%) | $7,967,000 (158.42%) | $3,083,000 (10.46%) | $2,791,000 (-59.20%) |
Income Tax Expense | $10,576,000 (-39.95%) | $17,611,000 (-49.48%) | $34,860,000 (66.30%) | $20,962,000 (847.57%) |
Net Loss Income from Discontinued Operations | -$600,000 (0.00%) | -$600,000 (20.00%) | -$750,000 (70.47%) | -$2,540,000 (-108.88%) |
Consolidated Income | $35,921,000 (-34.96%) | $55,229,000 (-49.18%) | $108,682,000 (78.96%) | $60,731,000 (242.17%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $35,921,000 (-34.96%) | $55,229,000 (-49.18%) | $108,682,000 (78.96%) | $60,731,000 (242.17%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $35,921,000 (-34.96%) | $55,229,000 (-49.18%) | $108,682,000 (78.96%) | $60,731,000 (242.17%) |
Weighted Average Shares | $26,307,000 (0.81%) | $26,096,000 (-13.05%) | $30,012,000 (-10.69%) | $33,606,000 (-3.20%) |
Weighted Average Shares Diluted | $27,714,000 (0.17%) | $27,668,000 (-10.89%) | $31,048,000 (-8.79%) | $34,040,000 (-1.95%) |
Earning Before Interest & Taxes (EBIT) | $60,073,000 (-25.66%) | $80,807,000 (-44.89%) | $146,625,000 (73.55%) | $84,484,000 (318.41%) |
Gross Profit | $264,224,000 (19.70%) | $220,736,000 (-4.68%) | $231,566,000 (21.71%) | $190,263,000 (16.44%) |
Operating Income | $44,760,000 (-23.91%) | $58,823,000 (-51.26%) | $120,682,000 (79.69%) | $67,162,000 (578.81%) |
CVLG Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$107,675,000 (54.36%) | -$235,921,000 (-173.66%) | -$86,208,000 (-933.41%) | $10,344,000 (-92.51%) |
Net Cash Flow from Financing | $18,107,000 (-78.62%) | $84,709,000 (763.40%) | -$12,769,000 (84.72%) | -$83,557,000 (64.63%) |
Net Cash Flow from Operations | $122,893,000 (44.85%) | $84,841,000 (-46.72%) | $159,230,000 (117.47%) | $73,218,000 (16.15%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $33,325,000 (150.21%) | -$66,371,000 (-210.15%) | $60,253,000 (1204960.00%) | $5,000 (100.01%) |
Net Cash Flow - Business Acquisitions and Disposals | -$4,556,000 (95.78%) | -$107,934,000 (-180.34%) | -$38,501,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$597,000 (72.91%) | -$2,204,000 (-814.52%) | -$241,000 (-116.12%) | $1,495,000 (3.68%) |
Capital Expenditure | -$102,522,000 (18.49%) | -$125,783,000 (-165.00%) | -$47,466,000 (-636.40%) | $8,849,000 (-68.65%) |
Issuance (Repayment) of Debt Securities | $30,041,000 (-76.83%) | $129,663,000 (67.39%) | $77,463,000 (207.77%) | -$71,877,000 (67.10%) |
Issuance (Purchase) of Equity Shares | $1,756,000 (106.97%) | -$25,194,000 (70.13%) | -$84,339,000 (-715.03%) | -$10,348,000 (40.82%) |
Payment of Dividends & Other Cash Distributions | -$5,796,000 (-0.26%) | -$5,781,000 (-34.85%) | -$4,287,000 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $2,501,000 (-48.69%) | $4,874,000 (-19.58%) | $6,061,000 (-30.53%) | $8,725,000 (258.02%) |
Depreciation Amortization & Accretion | $86,529,000 (23.71%) | $69,943,000 (21.61%) | $57,512,000 (6.74%) | $53,881,000 (-17.71%) |
CVLG Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 23.40% (17.00%) | 20.00% (5.26%) | 19.00% (4.40%) | 18.20% (-6.67%) |
Profit Margin | 3.20% (-36.00%) | 5.00% (-43.82%) | 8.90% (53.45%) | 5.80% (213.73%) |
EBITDA Margin | 13.00% (-5.11%) | 13.70% (-18.45%) | 16.80% (27.27%) | 13.20% (312.50%) |
Return on Average Equity (ROAE) | 8.50% (-40.56%) | 14.30% (-51.53%) | 29.50% (56.91%) | 18.80% (236.23%) |
Return on Average Assets (ROAA) | 3.60% (-42.86%) | 6.30% (-57.72%) | 14.90% (63.74%) | 9.10% (268.52%) |
Return on Sales (ROS) | 5.30% (-27.40%) | 7.30% (-39.17%) | 12.00% (48.15%) | 8.10% (276.09%) |
Return on Invested Capital (ROIC) | 6.60% (-36.54%) | 10.40% (-59.53%) | 25.70% (59.63%) | 16.10% (428.57%) |
Dividend Yield | 0.80% (-20.00%) | 1.00% (25.00%) | 0.80% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 19.89 (83.22%) | 10.86 (127.39%) | 4.78 (-34.78%) | 7.32 (221.61%) |
Price to Sales Ratio (P/S) | 0.63 (16.54%) | 0.54 (27.70%) | 0.43 (0.24%) | 0.42 (38.44%) |
Price to Book Ratio (P/B) | 1.64 (10.89%) | 1.48 (19.48%) | 1.24 (-2.06%) | 1.26 (44.67%) |
Debt to Equity Ratio (D/E) | 1.28 (-6.59%) | 1.37 (22.84%) | 1.11 (28.85%) | 0.86 (-35.02%) |
Earnings Per Share (EPS) | 1.37 (-35.38%) | 2.12 (-41.44%) | 3.62 (100.55%) | 1.8 (246.75%) |
Sales Per Share (SPS) | 43.01 (1.70%) | 42.29 (4.30%) | 40.55 (30.27%) | 31.13 (28.86%) |
Free Cash Flow Per Share (FCFPS) | 0.77 (149.33%) | -1.57 (-142.13%) | 3.72 (52.50%) | 2.44 (-7.11%) |
Book Value Per Share (BVPS) | 16.66 (7.78%) | 15.46 (23.02%) | 12.57 (20.76%) | 10.41 (24.30%) |
Tangible Assets Book Value Per Share (TABVPS) | 31.49 (5.49%) | 29.85 (29.81%) | 23 (31.30%) | 17.52 (-0.26%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (70.00%) | 10 (150.00%) | 4 (-33.33%) | 6 (154.55%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 6.82 (23.80%) | 5.51 (107.38%) | 2.66 (-27.17%) | 3.65 (-75.97%) |
Asset Turnover | 1.15 (-9.54%) | 1.27 (-24.07%) | 1.67 (6.44%) | 1.57 (48.44%) |
Current Ratio | 1.18 (8.06%) | 1.09 (-23.42%) | 1.43 (7.95%) | 1.32 (19.22%) |
Dividends | $0.22 (0.00%) | $0.22 (53.85%) | $0.14 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $20,371,000 (149.76%) | -$40,942,000 (-136.63%) | $111,764,000 (36.19%) | $82,067,000 (-10.08%) |
Enterprise Value (EV) | $999,714,648 (20.39%) | $830,375,679 (53.15%) | $542,196,605 (7.43%) | $504,684,661 (24.09%) |
Earnings Before Tax (EBT) | $46,497,000 (-36.17%) | $72,840,000 (-49.26%) | $143,542,000 (75.71%) | $81,693,000 (279.46%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $146,602,000 (-2.75%) | $150,750,000 (-26.15%) | $204,137,000 (47.54%) | $138,365,000 (416.31%) |
Invested Capital | $908,494,000 (0.95%) | $899,955,000 (39.51%) | $645,102,000 (26.05%) | $511,763,000 (-11.69%) |
Working Capital | $32,573,000 (108.08%) | $15,654,000 (-76.47%) | $66,535,000 (45.33%) | $45,782,000 (217.60%) |
Tangible Asset Value | $828,501,000 (6.34%) | $779,076,000 (12.87%) | $690,259,000 (17.26%) | $588,669,000 (-3.45%) |
Market Capitalization | $718,423,648 (20.53%) | $596,067,679 (27.78%) | $466,497,605 (5.58%) | $441,844,661 (74.12%) |
Average Equity | $424,128,000 (9.57%) | $387,067,250 (5.17%) | $368,038,500 (14.14%) | $322,447,000 (3.94%) |
Average Assets | $986,407,750 (13.32%) | $870,489,250 (19.47%) | $728,612,000 (9.27%) | $666,816,750 (-15.97%) |
Invested Capital Average | $916,458,250 (17.84%) | $777,745,000 (36.54%) | $569,597,250 (8.65%) | $524,226,250 (-33.67%) |
Shares | 26,359,334 (1.80%) | 25,893,470 (-4.06%) | 26,988,580 (-19.28%) | 33,435,086 (-2.43%) |
