Covenant Logistics Group
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Covenant Logistics Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 9% to $1,103,573,000. Profit margin reached 5%. Total operating expenses were $105,379,000.
Profit Margin
| 2014 | 718.98M | 17.80M | 2.48% |
|---|---|---|---|
| 2015 | 724.24M | 42.08M | 5.81% |
| 2016 | 670.65M | 16.83M | 2.51% |
| 2017 | 705.00M | 55.43M | 7.86% |
| 2018 | 885.45M | 42.50M | 4.8% |
| 2019 | 894.52M | 8.47M | 0.95% |
| 2020 | 838.56M | -14.12M | -1.68% |
| 2021 | 1.04B | 60.73M | 5.81% |
| 2022 | 1.21B | 108.68M | 8.93% |
| 2023 | 1.10B | 55.22M | 5% |
CVLG Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.10B | 1.21B | 1.04B | 838.56M | 894.52M | 885.45M | 705.00M | 670.65M | 724.24M | 718.98M |
Cost of revenue | 939.37M | 1.03B | 898.72M | 729.01M | 780.34M | 741.01M | 612.09M | 573.42M | 593.36M | 606.02M |
Gross profit | 164.20M | 185.98M | 147.28M | 109.55M | 114.18M | 144.43M | 92.90M | 97.22M | 130.87M | 112.95M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 105.37M | 105.62M | 83.91M | 104.71M | 98.15M | 85.45M | 64.75M | 64.77M | 63.09M | 73.31M |
Operating income | 58.82M | 48.04M | 24.26M | -56.7M | -64.49M | 58.98M | 28.15M | 32.44M | 67.78M | 39.64M |
Other income (expenses), net | 13.41M | 94.75M | 54.88M | -2.89M | 76.43M | 7.73M | -4.85M | 3M | -3.87M | -7.06M |
Income before tax | 72.24M | 142.79M | 79.15M | -16.92M | 11.94M | 58.01M | 23.29M | 27.22M | 63.90M | 32.58M |
Income tax expense | 17.61M | 34.86M | 20.96M | -2.80M | 3.46M | 15.50M | -32.14M | 10.38M | 21.82M | 14.77M |
Net income | 55.22M | 108.68M | 60.73M | -14.12M | 8.47M | 42.50M | 55.43M | 16.83M | 42.08M | 17.80M |
Earnings per share | ||||||||||
Basic EPS | 4.23 | 7.24 | 3.61 | -0.81 | 0.46 | 2.32 | 3.03 | 0.93 | 2.32 | 1.17 |
Diluted EPS | 3.99 | 7 | 3.57 | -0.81 | 0.45 | 2.3 | 3.02 | 0.92 | 2.3 | 1.15 |
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