Covenant Logistics Group vs Heartland Express
Covenant Logistics Group is the larger business, with $1.16bn of revenue in fiscal 2025 against $806m for Heartland Express (1.4 times as much). Covenant Logistics Group grew faster (2.9% against -23.1%). Covenant Logistics Group kept more of each dollar of sales as profit: a net margin of 0.6% against -6.5%. Heartland Express carries less debt relative to equity (21.2% against 83.8%).
| Latest fiscal year | Covenant Logistics GroupCVLG, 2025 | Heartland ExpressHTLD, 2025 |
|---|---|---|
| Revenue | $1.16bn | $806m |
| Revenue growth | 2.9% | -23.1% |
| Net income | $7.2m | −$52.5m |
| Operating margin | 0.3% | -7.1% |
| Net margin | 0.6% | -6.5% |
| Return on equity | 1.7% | -6.6% |
| Free cash flow | −$33.9m | −$66.9m |
| Cash | $4.9m | $18.5m |
| Total debt | $339m | $160m |
| Debt to equity | 83.8% | 21.2% |
| Dividend per share | — | $0.08 |
| Dividend yield | 0.8% | 0.8% |
| Share buybacks | $36.6m | $10.4m |
| Employees | — | — |
| Market value | $892m | $818m |
| Price vs our value range | — | — |
| Moat score | 32 (Weak) | 48 (Moderate) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 0 sales |