Covenant Logistics (CVLG)
Market Price (2/15/2026): $28.56 | Market Cap: $714.9 MilSector: Industrials | Industry: Cargo Ground Transportation
Covenant Logistics (CVLG)
Market Price (2/15/2026): $28.56Market Cap: $714.9 MilSector: IndustrialsIndustry: Cargo Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5% | Trading close to highsDist 52W High is -2.4%, Dist 3Y High is -4.5% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.8% |
| Low stock price volatilityVol 12M is 42% | Weak multi-year price returns2Y Excs Rtn is -23% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.7% |
| Megatrend and thematic driversMegatrends include Future of Freight, Automation & Robotics, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more. | Key risksCVLG key risks include [1] significant customer concentration, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Future of Freight, Automation & Robotics, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more. |
| Trading close to highsDist 52W High is -2.4%, Dist 3Y High is -4.5% |
| Weak multi-year price returns2Y Excs Rtn is -23% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.8% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.7% |
| Key risksCVLG key risks include [1] significant customer concentration, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Optimistic Outlook on Freight Market and Pricing. In late October 2025, Covenant Logistics' CEO indicated that the company was experiencing "all-time high" bids from customers due to concerns over trucking capacity, signaling a favorable market environment. This positive sentiment was reinforced by reports in early 2026 of increased bid activity from shippers and secured low to mid-single-digit rate increases in the expedited fleet for the first quarter of 2026, with additional increases anticipated in the second quarter across both Expedited and Dedicated segments.
2. Strategic Shift and Diversification into Higher-Margin Segments. Covenant Logistics continued its strategic transition towards less cyclical, higher-margin segments, including expedited, dedicated, managed freight, and warehousing, aimed at stabilizing earnings and reducing exposure to trucking cyclicality. This strategy was further bolstered by the fourth-quarter 2025 acquisition of Star Logistics Solutions, a truckload brokerage business with niche customer bases in government emergency management and high-service consumer packaged goods, which is expected to be accretive to earnings in the first half of 2026 and enhance the company's market position.
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Stock Movement Drivers
Fundamental Drivers
The 42.1% change in CVLG stock from 10/31/2025 to 2/14/2026 was primarily driven by a 53.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.10 | 28.57 | 42.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,137 | 1,146 | 0.8% |
| Net Income Margin (%) | 3.2% | 2.8% | -11.6% |
| P/E Multiple | 14.5 | 22.2 | 53.3% |
| Shares Outstanding (Mil) | 26 | 25 | 4.0% |
| Cumulative Contribution | 42.1% |
Market Drivers
10/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| CVLG | 42.1% | |
| Market (SPY) | -0.0% | 43.1% |
| Sector (XLI) | 12.3% | 55.4% |
Fundamental Drivers
The 19.0% change in CVLG stock from 7/31/2025 to 2/14/2026 was primarily driven by a 34.2% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.00 | 28.57 | 19.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,122 | 1,146 | 2.2% |
| Net Income Margin (%) | 3.4% | 2.8% | -18.1% |
| P/E Multiple | 16.5 | 22.2 | 34.2% |
| Shares Outstanding (Mil) | 27 | 25 | 6.0% |
| Cumulative Contribution | 19.0% |
Market Drivers
7/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| CVLG | 19.0% | |
| Market (SPY) | 8.2% | 40.6% |
| Sector (XLI) | 15.1% | 51.7% |
Fundamental Drivers
The 4.4% change in CVLG stock from 1/31/2025 to 2/14/2026 was primarily driven by a 29.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.38 | 28.57 | 4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,128 | 1,146 | 1.6% |
| Net Income Margin (%) | 3.7% | 2.8% | -24.5% |
| P/E Multiple | 17.2 | 22.2 | 29.2% |
| Shares Outstanding (Mil) | 26 | 25 | 5.3% |
| Cumulative Contribution | 4.4% |
Market Drivers
1/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| CVLG | 4.4% | |
| Market (SPY) | 14.3% | 57.2% |
| Sector (XLI) | 27.2% | 62.7% |
Fundamental Drivers
The 77.8% change in CVLG stock from 1/31/2023 to 2/14/2026 was primarily driven by a 451.1% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.07 | 28.57 | 77.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,215 | 1,146 | -5.6% |
| Net Income Margin (%) | 9.5% | 2.8% | -70.3% |
| P/E Multiple | 4.0 | 22.2 | 451.1% |
| Shares Outstanding (Mil) | 29 | 25 | 15.1% |
| Cumulative Contribution | 77.8% |
Market Drivers
1/31/2023 to 2/14/2026| Return | Correlation | |
|---|---|---|
| CVLG | 77.8% | |
| Market (SPY) | 74.0% | 49.1% |
| Sector (XLI) | 78.5% | 57.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CVLG Return | 78% | 32% | 35% | 19% | -18% | 27% | 295% |
| Peers Return | 18% | 7% | 1% | 8% | -21% | 12% | 21% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| CVLG Win Rate | 83% | 58% | 58% | 58% | 42% | 100% | |
| Peers Win Rate | 60% | 40% | 43% | 45% | 52% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CVLG Max Drawdown | -3% | -32% | -13% | -6% | -35% | 0% | |
| Peers Max Drawdown | -6% | -22% | -18% | -18% | -40% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KNX, SNDR, WERN, HTLD, ULH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | CVLG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.7% | -25.4% |
| % Gain to Breakeven | 91.2% | 34.1% |
| Time to Breakeven | 103 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.0% | -33.9% |
| % Gain to Breakeven | 138.3% | 51.3% |
| Time to Breakeven | 98 days | 148 days |
| 2018 Correction | ||
| % Loss | -62.8% | -19.8% |
| % Gain to Breakeven | 168.8% | 24.7% |
| Time to Breakeven | 686 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -88.6% | -56.8% |
| % Gain to Breakeven | 780.7% | 131.3% |
| Time to Breakeven | 2,038 days | 1,480 days |
Compare to KNX, SNDR, WERN, HTLD, ULH
In The Past
Covenant Logistics's stock fell -47.7% during the 2022 Inflation Shock from a high on 10/20/2021. A -47.7% loss requires a 91.2% gain to breakeven.
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About Covenant Logistics (CVLG)
AI Analysis | Feedback
Here are 1-2 brief analogies for Covenant Logistics (CVLG):
- Imagine a smaller, more expedited-focused **JB Hunt**, combining asset-based truckload and dedicated services with a freight brokerage arm.
- The **Ryder** of over-the-road truckload and expedited freight, providing dedicated contract solutions and warehousing alongside its transportation services.
AI Analysis | Feedback
- Expedited Truckload: Provides time-sensitive, critical freight transportation services across North America.
- Dedicated Contract Logistics: Offers customized private fleet solutions where Covenant acts as a dedicated carrier for specific customers.
- Managed Freight: Delivers freight brokerage services, arranging transportation with a network of third-party carriers.
- Temperature-Controlled Truckload: Specializes in the transportation of goods requiring specific temperature management during transit.
AI Analysis | Feedback
Covenant Logistics (CVLG) is a logistics and transportation company that primarily sells its services to other companies, rather than individuals. Its business model is B2B (business-to-business), providing freight transportation, warehousing, and logistics solutions to a wide range of industries.
Covenant Logistics serves a diversified customer base across various sectors, including retail, automotive, food and beverage, and manufacturing. However, the company does not publicly disclose the specific names of its major customers. According to its annual filings (10-K reports), no single customer accounts for 10% or more of its consolidated total revenue. This indicates a broad client base and prevents the identification of individual "major customers" by name that would typically warrant public disclosure.
Therefore, while Covenant Logistics sells primarily to other companies, the names and symbols of those specific customer companies are not publicly available.
AI Analysis | Feedback
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David R. Parker, Chairman and Chief Executive Officer
David R. Parker is the founder and CEO of Covenant Logistics Group, which he started as Covenant Transport in 1986. He has been involved in the trucking industry since he was 17, working for his father's trucking company. Under his leadership, Covenant Logistics Group has grown into a $1 billion enterprise through organic growth and several acquisitions. His leadership philosophy is based on faith, empathy, and servant leadership.
James S. Grant, III, Executive Vice President and Chief Financial Officer
James S. Grant, III joined Covenant as Corporate Controller in July 2019, was promoted to Chief Accounting Officer in August 2019, and then to his current role as Executive Vice President and Chief Financial Officer in May 2022. Prior to Covenant, Mr. Grant held various financial roles, including Corporate Controller and Assistant Controller, at Chattem, Inc. from August 2007 to June 2019. He also served as a Senior Internal Auditor at Electric Power Board of Chattanooga.
M. Paul Bunn, President
Paul Bunn was appointed President & Chief Operating Officer of Covenant Logistics in January 2023. He previously held positions as Senior Executive Vice President and Chief Operating Officer, Executive Vice President and Chief Financial Officer, and Executive Vice President and Chief Administrative Officer at Covenant. Mr. Bunn also served as Senior Vice President and Chief Accounting Officer and Treasurer, and Corporate Controller. Before joining Covenant in 2009, he was a Senior Manager for Ernst & Young, LLP.
Dustin Koehl, Chief Operating Officer
Dustin Koehl joined Covenant Logistics as Chief Operating Officer in May 2024, bringing over 17 years of experience in the logistics industry. He began his career at Total Transportation of Mississippi, where he founded the company's dedicated division and led sales, customer service, and pricing. From 2019 to 2022, he served as SVP of Sales and later SVP of Operations at U.S. Xpress Enterprises. Before Covenant, Mr. Koehl was the Head of Commercialization at Waabi, a company focused on AI-driven self-driving truck technology.
Joey Ballard, Executive Vice President, People and Safety
Joey Ballard serves as the Executive Vice President, People and Safety (also referred to as Chief People & Safety Officer) at Covenant Logistics Group.
AI Analysis | Feedback
The key risks to Covenant Logistics (CVLG) include:
- Economic Uncertainty and Highly Competitive Freight Market: Covenant Logistics faces significant risks from macroeconomic uncertainties that can delay the recovery of the freight economy, thereby impacting demand and pricing across its segments. The trucking sector is characterized by weak volumes and contract rates at cycle lows, leading to limited pricing power and persistent pressure on rates and margins, particularly in commoditized segments like the 53-foot dedicated business.
- Customer Concentration: A substantial portion of Covenant Logistics' revenue is generated from a limited number of major customers. In 2024, ten clients accounted for 45% of the company's total revenue, with a single client representing 10% of sales in both 2023 and 2024. The loss of one or more of these significant contracts could materially harm the company's revenue and financial performance.
- Rising Operating Costs and Increased Claims Expense: Covenant Logistics is exposed to increasing operating costs, including higher driver wages, insurance expenses, and fuel costs. The company has experienced a sharp increase in claims on its balance sheet, operating under a self-insurance model where it retains a portion of each loss. This escalation in claims expense directly impacts profitability and, combined with capital expenditures and share repurchases, can lead to a stretched balance sheet and increased reliance on its credit facility.
AI Analysis | Feedback
The increasing market penetration and technological sophistication of digital freight platforms and tech-enabled logistics providers pose a clear emerging threat. These platforms leverage advanced algorithms, AI, and real-time data to optimize freight matching, pricing, and visibility, potentially commoditizing traditional truckload services and putting pressure on the margins and market share of asset-heavy carriers and conventional brokerage models. Companies such as Uber Freight, Flexport (post-Convoy acquisition), and various specialized logistics technology providers are actively reshaping how shippers connect with carriers and manage their supply chains, creating a competitive environment that prioritizes digital efficiency and data-driven decision-making.
AI Analysis | Feedback
Covenant Logistics (CVLG) operates within several segments of the logistics and transportation industry. The addressable markets for their main products and services primarily cover the U.S. and North American regions.
- Truckload Shipping: The United States Full-Truck-Load (FTL) market size is estimated at USD 448.65 billion in 2025 and is projected to reach USD 534.86 billion by 2030. More broadly, the U.S. trucking freight bill, representing gross freight revenues, was estimated at USD 906 billion in 2024.
- Dedicated Contract Carriage (DCC): For the U.S. market, the Dedicated Contract Carriage segment of the Third-Party Logistics (3PL) market generated gross revenues of USD 29.7 billion in 2023.
- Warehousing: The General Warehousing & Storage market in the U.S. is projected to be USD 42.8 billion in 2025. In North America, the broader warehousing and storage market reached USD 88.2 billion in 2024. Another estimate for the North America warehousing market indicated revenue of USD 335.1 billion in 2024.
- Managed Freight / Brokerage: The U.S. Domestic Transportation Management (DTM) segment, which includes brokerage services and is part of the 3PL market, had gross revenues of USD 123.6 billion in 2023. The North America digital freight brokerage market was valued at USD 2.5 billion in 2024.
AI Analysis | Feedback
Covenant Logistics (CVLG) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and anticipated market improvements:
- Expansion of Dedicated Segment and New Customer Contracts: Covenant Logistics is actively pursuing and securing new dedicated contracts, particularly in specialized and high-service niches. This has led to growth in its dedicated fleet, and the company plans to continue investing in areas providing value-added services for customers. For example, the Dedicated segment's freight revenue increased by 10.8% in Q3 2025 and 17% in Q4 2024. The company aims to enhance margins in this segment and is focused on capturing new dedicated contracts to expand the fleet organically.
- Growth in Warehouse Segment from New Customer Start-ups: The company anticipates top-line revenue growth and operating income growth in its Warehouse segment, driven by a significant customer start-up scheduled for November (2025). While the Warehouse segment's freight revenue was slightly below the prior year in Q3 2025, it showed a solid sequential improvement in operating profit. In Q4 2023, the Warehouse segment saw a 16% increase in freight revenue due to new customer startups and rate increases.
- Strategic Price Increases and Optimization of Business Mix: As market conditions improve, Covenant Logistics intends to focus on enhancing margins through rate increases and by exiting less profitable business in favor of more profitable ventures. The company aims to improve profitability by better utilizing labor and implementing rate increases with existing customers, particularly in its Warehouse segment. This strategy suggests a focus on optimizing revenue per load and customer rather than simply increasing volume at any cost.
- Anticipated Freight Market Recovery and Capacity Exits: Management expresses optimism about the intermediate to long-term outlook for the freight environment. They cite accelerating capacity exits among small carriers, increased enforcement of government policies, and potential demand drivers from the unwinding of excess inventories, as factors expected to improve market conditions. This recovery is expected to lead to improved operating leverage and higher returns on capital, and the company is prepared to quickly gain market share when conditions improve.
AI Analysis | Feedback
Share Repurchases
- Covenant Logistics repurchased approximately $36.6 million of common stock year-to-date as of Q3 2025.
- In Q2 2025, the company repurchased approximately 1.6 million shares for $35.2 million, at an average price of $22.69 per share.
- A new $50 million stock repurchase program was announced in Q1 2025, with approximately $13.8 million remaining under a $50 million authorization as of Q2 2025.
Share Issuance
- Covenant Logistics announced a two-for-one stock split in December 2024, to be executed as a stock dividend and effective January 2025, to enhance accessibility for investors and employees.
- Shares outstanding as of November 5, 2025, were 20,347,178 Class A and 4,700,000 Class B.
Outbound Investments
- In Q1 2025, Covenant Logistics made a payment of approximately $6.7 million related to a small tuck-in acquisition of a multi-stop distribution carrier.
- The company also made an earnout payment of $12.5 million in Q1 2025 related to the growth of Lew Thompson.
- In 2024, a $10 million earnout payment was made related to the achievement of certain milestones of AAT.
Capital Expenditures
- Year-to-date as of Q3 2025, property and equipment purchases totaled $119.0 million.
- Expected net capital equipment expenditures for Q4 2025 are projected to be $15 million to $20 million.
- For 2024, planned net capital expenditures were approximately $103 million, primarily focused on tractors and trailers to optimize fleet age and grow the dedicated business.
Latest Trefis Analyses
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| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.65 |
| Mkt Cap | 1.4 |
| Rev LTM | 2,315 |
| Op Inc LTM | 67 |
| FCF LTM | -46 |
| FCF 3Y Avg | -34 |
| CFO LTM | 193 |
| CFO 3Y Avg | 261 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.7% |
| Rev Chg 3Y Avg | -1.9% |
| Rev Chg Q | 2.9% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 3.1% |
| Op Mgn 3Y Avg | 4.1% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 11.8% |
| FCF/Rev LTM | -2.0% |
| FCF/Rev 3Y Avg | -1.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.4 |
| P/S | 0.8 |
| P/EBIT | 26.8 |
| P/E | 33.2 |
| P/CFO | 7.8 |
| Total Yield | 2.7% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | -2.4% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.3% |
| 3M Rtn | 38.0% |
| 6M Rtn | 20.2% |
| 12M Rtn | 3.0% |
| 3Y Rtn | -11.5% |
| 1M Excs Rtn | 3.6% |
| 3M Excs Rtn | 33.2% |
| 6M Excs Rtn | 12.8% |
| 12M Excs Rtn | -10.1% |
| 3Y Excs Rtn | -79.9% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Expedited | 424 | 458 | 344 | 320 | 357 |
| Dedicated | 320 | 363 | 325 | 289 | 342 |
| Managed Freight | 259 | 321 | 321 | 178 | 139 |
| Warehousing | 101 | 80 | 63 | 52 | 48 |
| Elimination of intersegment revenues | -6 | -7 | |||
| Total | 1,104 | 1,217 | 1,046 | 839 | 885 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Expedited | 45 | 61 | 33 | -7 | -1 |
| Dedicated | 26 | 21 | -1 | -16 | 1 |
| Managed Freight | 10 | 37 | 32 | 4 | 3 |
| Warehousing | 6 | 2 | 3 | 4 | 6 |
| Other | -29 | ||||
| Total | 59 | 121 | 67 | -14 | 9 |
Price Behavior
| Market Price | $28.57 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -2.4% | |
| 50 Days | 200 Days | |
| DMA Price | $24.81 | $22.97 |
| DMA Trend | up | up |
| Distance from DMA | 15.1% | 24.4% |
| 3M | 1YR | |
| Volatility | 40.8% | 41.7% |
| Downside Capture | 46.90 | 140.80 |
| Upside Capture | 274.75 | 131.13 |
| Correlation (SPY) | 42.3% | 57.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.88 | 2.02 | 1.58 | 1.41 | 1.24 | 1.15 |
| Up Beta | 5.03 | 3.96 | 1.83 | 2.31 | 1.19 | 1.19 |
| Down Beta | 0.96 | 1.16 | 1.23 | 1.14 | 1.09 | 1.02 |
| Up Capture | 284% | 325% | 251% | 116% | 140% | 151% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 22 | 31 | 58 | 113 | 373 |
| Down Capture | 81% | 124% | 115% | 130% | 130% | 105% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 18 | 28 | 64 | 131 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVLG | |
|---|---|---|---|---|
| CVLG | 8.6% | 41.5% | 0.30 | - |
| Sector ETF (XLI) | 27.9% | 19.2% | 1.15 | 62.7% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 57.0% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 2.2% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 13.9% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 44.9% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 16.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVLG | |
|---|---|---|---|---|
| CVLG | 28.0% | 42.6% | 0.71 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 49.1% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 42.5% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 1.2% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 7.6% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 31.2% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 17.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVLG | |
|---|---|---|---|---|
| CVLG | 10.7% | 47.8% | 0.40 | - |
| Sector ETF (XLI) | 15.3% | 19.8% | 0.68 | 48.4% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 42.5% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | -2.3% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 14.6% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 32.9% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 10.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/29/2026 | -4.8% | 11.5% | |
| 10/23/2025 | 0.4% | -0.8% | -4.3% |
| 7/23/2025 | 3.7% | 0.3% | -2.3% |
| 4/23/2025 | 10.4% | 5.9% | 19.5% |
| 1/23/2025 | -2.9% | -2.2% | -15.3% |
| 10/23/2024 | -0.3% | -0.4% | 10.5% |
| 7/24/2024 | 8.3% | 10.2% | 2.4% |
| 4/24/2024 | 1.2% | 1.9% | 5.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 18 |
| # Negative | 9 | 9 | 5 |
| Median Positive | 9.4% | 11.5% | 10.4% |
| Median Negative | -4.8% | -2.3% | -9.1% |
| Max Positive | 18.1% | 44.9% | 58.1% |
| Max Negative | -21.9% | -16.6% | -16.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kramer, D Michael | Direct | Sell | 5232025 | 22.80 | 2,200 | 50,163 | 564,015 | Form | |
| 2 | Parker, David Ray | Chairman and CEO | Direct | Sell | 2112026 | 28.66 | 56,000 | 1,604,742 | 8,398,358 | Form |
| 3 | Parker, David Ray | Chairman and CEO | Direct | Sell | 2112026 | 29.05 | 70,000 | 2,033,480 | 6,619,616 | Form |
| 4 | Parker, David Ray | Chairman and CEO | Direct | Sell | 2112026 | 29.34 | 27,400 | 804,028 | 68,458,097 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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