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Covenant Logistics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Covenant Logistics and similar public comparables like Kelsian Group, Ferrari Group, Gür-Sel Turizm, Aramex and more.
Covenant Logistics Overview
About Covenant Logistics
Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.
Founded
1994
HQ
Employees
4.7K
Website
Financials (LTM)
EV
$1B
Covenant Logistics Financials
Covenant Logistics reported last 12-month revenue of $1B and EBITDA of $140M.
In the same LTM period, Covenant Logistics generated $140M in EBITDA and $18M in net income.
Revenue (LTM)
Covenant Logistics P&L
In the most recent fiscal year, Covenant Logistics reported revenue of $1B and EBITDA of $125M.
Covenant Logistics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $170M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $140M | XXX | $125M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $18M | XXX | $7M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $293M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Covenant Logistics Stock Performance
Covenant Logistics has current market cap of $765M, and enterprise value of $1B.
Market Cap Evolution
Covenant Logistics' stock price is $30.49.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $765M | 0.0% | XXX | XXX | XXX | $0.29 |
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Start Free TrialCovenant Logistics Valuation Multiples
Covenant Logistics trades at 0.9x EV/Revenue multiple, and 7.9x EV/EBITDA.
EV / Revenue (LTM)
Covenant Logistics Financial Valuation Multiples
As of April 19, 2026, Covenant Logistics has market cap of $765M and EV of $1B.
Equity research analysts estimate Covenant Logistics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Covenant Logistics has a P/E ratio of 41.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $765M | XXX | $765M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | 8.8x | XXX | XXX | XXX |
| EV/EBIT | 20.3x | XXX | 21.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.5x | XXX | XXX | XXX |
| P/E | 41.4x | XXX | 105.7x | XXX | XXX | XXX |
| EV/FCF | 19.5x | XXX | 25.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Covenant Logistics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Covenant Logistics Margins & Growth Rates
Covenant Logistics' revenue in the last 12 month grew by 5%.
Covenant Logistics' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Covenant Logistics' rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Covenant Logistics' rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Covenant Logistics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | 40% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Covenant Logistics Public Comps
See public comps and valuation multiples for other Logistics & Air Freight and Road Transportation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Covenant Logistics | XXX | XXX | XXX | XXX | XXX | XXX |
| Kelsian Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ferrari Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Gür-Sel Turizm | XXX | XXX | XXX | XXX | XXX | XXX |
| Aramex | XXX | XXX | XXX | XXX | XXX | XXX |
| Forward Air | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Covenant Logistics M&A Activity
Covenant Logistics acquired XXX companies to date.
Last acquisition by Covenant Logistics was on XXXXXXXX, XXXXX. Covenant Logistics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Covenant Logistics
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCovenant Logistics Investment Activity
Covenant Logistics invested in XXX companies to date.
Covenant Logistics made its latest investment on XXXXXXXX, XXXXX. Covenant Logistics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Covenant Logistics
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Covenant Logistics
| When was Covenant Logistics founded? | Covenant Logistics was founded in 1994. |
| Where is Covenant Logistics headquartered? | Covenant Logistics is headquartered in United States. |
| How many employees does Covenant Logistics have? | As of today, Covenant Logistics has over 4K employees. |
| Who is the CEO of Covenant Logistics? | Covenant Logistics' CEO is David Ray Parker. |
| Is Covenant Logistics publicly listed? | Yes, Covenant Logistics is a public company listed on NYSE. |
| What is the stock symbol of Covenant Logistics? | Covenant Logistics trades under CVLG ticker. |
| When did Covenant Logistics go public? | Covenant Logistics went public in 1994. |
| Who are competitors of Covenant Logistics? | Covenant Logistics main competitors are Kelsian Group, Ferrari Group, Gür-Sel Turizm, Aramex. |
| What is the current market cap of Covenant Logistics? | Covenant Logistics' current market cap is $765M. |
| What is the current revenue of Covenant Logistics? | Covenant Logistics' last 12 months revenue is $1B. |
| What is the current revenue growth of Covenant Logistics? | Covenant Logistics revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Covenant Logistics? | Current revenue multiple of Covenant Logistics is 0.9x. |
| Is Covenant Logistics profitable? | Yes, Covenant Logistics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Covenant Logistics? | Covenant Logistics' last 12 months EBITDA is $140M. |
| What is Covenant Logistics' EBITDA margin? | Covenant Logistics' last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Covenant Logistics? | Current EBITDA multiple of Covenant Logistics is 7.9x. |
| What is the current FCF of Covenant Logistics? | Covenant Logistics' last 12 months FCF is $56M. |
| What is Covenant Logistics' FCF margin? | Covenant Logistics' last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Covenant Logistics? | Current FCF multiple of Covenant Logistics is 19.5x. |
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