Covenant Logistics Group vs Marten Transport
Covenant Logistics Group is the larger business, with $1.16bn of revenue in fiscal 2025 against $884m for Marten Transport (1.3 times as much). Covenant Logistics Group grew faster (2.9% against -8.3%). Marten Transport kept more of each dollar of sales as profit: a net margin of 2.0% against 0.6%.
| Latest fiscal year | Covenant Logistics GroupCVLG, 2025 | Marten TransportMRTN, 2025 |
|---|---|---|
| Revenue | $1.16bn | $884m |
| Revenue growth | 2.9% | -8.3% |
| Net income | $7.2m | $17.4m |
| Operating margin | 0.3% | — |
| Net margin | 0.6% | 2.0% |
| Return on equity | 1.7% | 2.3% |
| Free cash flow | −$33.9m | — |
| Cash | $4.9m | $43.3m |
| Total debt | $339m | $0 |
| Debt to equity | 83.8% | — |
| Dividend per share | — | $0.24 |
| Dividend yield | 0.8% | 2.0% |
| Share buybacks | $36.6m | — |
| Employees | — | 3,502 |
| Market value | $892m | $984m |
| Price vs our value range | — | Above our value range |
| Moat score | 32 (Weak) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 0 sales |