Covenant Logistics Group, Inc. — Earnings Quality Grade F
CVLG · Industrials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Insufficient data
Expense Quality
Inventory 12.3% vs COGS 5.6%. Normal
Insufficient data
SG&A/Gross Profit = 79.8%, exceeds 70%
Insufficient data
Cash Flow Quality
CFFO far exceeds NI (ratio 15.7x). Non-cash charges depressing profits
FCF < 50% of Net Income for 3 years
Accruals ratio = -10.2%. Low accruals
Cash $0.0B covers only 1% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 46% of equity
Interest coverage = 1.7x (<2x). Financial stress
Insufficient data
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change 10% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25