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BEST (BEST) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

BEST Revenue Highlights

Latest Revenue (Y)

$8.32B

Latest Revenue (Q)

$1.94B

Main Segment (Y)

UCargo

Main Geography (Y)

CHINA

BEST Revenue by Period

BEST Revenue by Year

DateRevenueChange
2023-12-31$8.32B7.38%
2022-12-31$7.74B-32.22%
2021-12-31$11.43B-61.91%
2020-12-31$30.00B-14.73%
2019-12-31$35.18B25.80%
2018-12-31$27.96B39.88%
2017-12-31$19.99B126.02%
2016-12-31$8.84B68.26%
2015-12-31$5.26B71.45%
2014-12-31$3.07B-

BEST generated $8.32B in revenue during NA 2023, up 7.38% compared to the previous quarter, and up 29.74% compared to the same period a year ago.

BEST Revenue by Quarter

DateRevenueChange
2024-03-31$1.94B-13.16%
2023-12-31$2.24B0.43%
2023-09-30$2.23B4.16%
2023-06-30$2.14B24.63%
2023-03-31$1.72B-13.43%
2022-12-31$1.98B-2.35%
2022-09-30$2.03B5.33%
2022-06-30$1.93B6.87%
2022-03-31$1.80B-33.85%
2021-12-31$2.72B-60.00%
2021-09-30$6.81B-7.62%
2021-06-30$7.37B13.52%
2021-03-31$6.50B-29.81%
2020-12-31$9.26B6.47%
2020-09-30$8.69B3.27%
2020-06-30$8.42B54.03%
2020-03-31$5.47B-49.24%
2019-12-31$10.77B23.13%
2019-09-30$8.75B-0.49%
2019-06-30$8.79B27.84%
2019-03-31$6.87B-23.92%
2018-12-31$9.04B25.68%
2018-09-30$7.19B6.79%
2018-06-30$6.73B34.54%
2018-03-31$5.00B-23.38%
2017-12-31$6.53B21.97%
2017-09-30$5.35B10.27%
2017-06-30$4.86B49.50%
2017-03-31$3.25B5.30%
2016-12-31$3.08B34.73%
2016-09-30$2.29B14.91%
2016-06-30$1.99B34.81%
2016-03-31$1.48B-

BEST generated $1.94B in revenue during Q1 2024, up -13.16% compared to the previous quarter, and up 98.01% compared to the same period a year ago.

BEST Revenue Breakdown

BEST Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
SaaS Software Service$58.82M$41.29M---
UCargo$2.81B$2.81B---
Capital$8.61M$29.90M$117.62M$211.02M-
Global---$616.93M-
Express Delivery Services Segment---$19.17B$21.53B
Freight Delivery Services Segment---$5.16B$5.22B
Supply Chain Management Services Segment---$1.39B$1.66B
Ucargo---$2.52B-
All Other Segments----$3.12B
Store Services Segment----$2.82B

BEST's latest annual revenue breakdown by segment (product or service), as of Dec 23: UCargo (97.66%), SaaS Software Service (2.04%), and Capital (0.30%).

BEST Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
CHINA$7.37B$6.83B--
Global--$992.52M$616.93M

BEST's latest annual revenue breakdown by geography, as of Dec 23: CHINA (100.00%).

BEST Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BESTBEST$8.32B$1.94B
TFIITFI$7.52B$1.86B
SNDRSchneider National$5.50B$1.32B
WERNWerner Enterprises$3.28B$745.70M
SAIASaia$2.88B$842.10M
USXU.S. Xpress Enterprises$2.16B$492.73M
ULHUniversal Logistics$1.66B$426.83M
HTLDHeartland Express$1.21B$274.75M
MRTNMarten Transport$1.13B$237.37M
CVLGCovenant Logistics Group$1.10B$287.88M
PTSIP.A.M. Transportation Services$810.81M$182.58M

BEST Revenue FAQ

What is BEST’s yearly revenue?

BEST's yearly revenue for 2023 was $8.32B, representing an increase of 7.38% compared to 2022. The company's yearly revenue for 2022 was $7.74B, representing a decrease of -32.22% compared to 2021. BEST's yearly revenue for 2021 was $11.43B, representing a decrease of -61.91% compared to 2020.

What is BEST’s quarterly revenue?

BEST's quarterly revenue for Q1 2024 was $1.94B, a -13.16% decrease from the previous quarter (Q4 2023), and a 13.22% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $2.24B, a 0.43% increase from the previous quarter (Q3 2023), and a 12.86% increase year-over-year (Q4 2022). BEST's quarterly revenue for Q3 2023 was $2.23B, a 4.16% increase from the previous quarter (Q2 2023), and a 9.73% increase year-over-year (Q3 2022).

What is BEST’s revenue growth rate?

BEST's revenue growth rate for the last 3 years (2021-2023) was -27.22%, and for the last 5 years (2019-2023) was -76.36%.

What are BEST’s revenue streams?

BEST's revenue streams in c 23 are SaaS Software Service, UCargo, and Capital. SaaS Software Service generated $58.82M in revenue, accounting 2.04% of the company's total revenue, up 42.48% year-over-year. UCargo generated $2.81B in revenue, accounting 97.66% of the company's total revenue Capital generated $8.61M in revenue, accounting 0.30% of the company's total revenue, down -71.21% year-over-year.

What is BEST’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of BEST was UCargo. This segment made a revenue of $2.81B, representing 97.66% of the company's total revenue.