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Covenant Logistics Group (CVLG) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChartTranscripts

Covenant Logistics Group Revenue Highlights

Latest Revenue (Y)

$1.10B

Latest Revenue (Q)

$287.88M

Main Segment (Y)

Cargo and Freight

Main Geography (Y)

Cargo and Freight

Covenant Logistics Group Revenue by Period

Covenant Logistics Group Revenue by Year

DateRevenueChange
2023-12-31--9.31%
2022-12-31-16.33%
2021-12-31-24.74%
2020-12-31--6.26%
2019-12-31-1.02%
2018-12-31-25.60%
2017-12-31-5.12%
2016-12-31--7.40%
2015-12-31-0.73%
2014-12-31-5.03%
2013-12-31-1.53%
2012-12-31-3.31%
2011-12-31-0.44%
2010-12-31-10.37%
2009-12-31--23.93%
2008-12-31-8.62%
2007-12-31-4.20%
2006-12-31-6.34%
2005-12-31-6.53%
2004-12-31-3.63%
2003-12-31-3.20%
2002-12-31-3.18%
2001-12-31--0.98%
2000-12-31-16.86%
1999-12-31-27.58%
1998-12-31-24.40%
1997-12-31-26.07%
1996-12-31-31.04%
1995-12-31-36.69%
1994-12-31--

Covenant Logistics Group generated $1.10B in revenue during NA 2023, up -9.31% compared to the previous quarter, and up 124.63% compared to the same period a year ago.

Covenant Logistics Group Revenue by Quarter

DateRevenueChange
2024-09-30-0.13%
2024-06-30-3.13%
2024-03-31-1.74%
2023-12-31--5.10%
2023-09-30-5.37%
2023-06-30-2.69%
2023-03-31--9.86%
2022-12-31--5.06%
2022-09-30--1.74%
2022-06-30-8.85%
2022-03-31--0.90%
2021-12-31-7.16%
2021-09-30-7.11%
2021-06-30-16.04%
2021-03-31--1.93%
2020-12-31-6.83%
2020-09-30-9.99%
2020-06-30--10.24%
2020-03-31--8.40%
2019-12-31-4.59%
2019-09-30-1.65%
2019-06-30-0.05%
2019-03-31--19.50%
2018-12-31-11.90%
2018-09-30-23.93%
2018-06-30-13.11%
2018-03-31--14.63%
2017-12-31-13.81%
2017-09-30-8.71%
2017-06-30-3.52%
2017-03-31--16.88%
2016-12-31-16.10%
2016-09-30-3.57%
2016-06-30-1.59%
2016-03-31--24.86%
2015-12-31-19.91%
2015-09-30--1.11%
2015-06-30-4.92%
2015-03-31--19.14%
2014-12-31-16.45%
2014-09-30-2.26%
2014-06-30-7.89%
2014-03-31--8.80%
2013-12-31-3.30%
2013-09-30--0.95%
2013-06-30-4.71%
2013-03-31--7.19%
2012-12-31-5.38%
2012-09-30--1.68%
2012-06-30-9.09%
2012-03-31--3.04%
2011-12-31-0.33%
2011-09-30--6.62%
2011-06-30-10.53%
2011-03-31--4.61%
2010-12-31--0.52%
2010-09-30--2.47%
2010-06-30-11.16%
2010-03-31--3.66%
2009-12-31-3.09%
2009-09-30-6.22%
2009-06-30-7.70%
2009-03-31--21.75%
2008-12-31--19.56%
2008-09-30-1.83%
2008-06-30-14.89%
2008-03-31--5.82%
2007-12-31--

Covenant Logistics Group generated $287.88M in revenue during Q3 2024, up 0.13% compared to the previous quarter, and up 105.06% compared to the same period a year ago.

Covenant Logistics Group Revenue Breakdown

Covenant Logistics Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 20Dec 19Dec 18
Fuel Surcharge---
Cargo and Freight---
Truckload---
Other Segments---
Corporate Segment---

Covenant Logistics Group's latest annual revenue breakdown by segment (product or service), as of Dec 20: Cargo and Freight (92.57%), and Fuel Surcharge (7.43%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Cargo and Freight----------------
Fuel Surcharge----------------

Covenant Logistics Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Cargo and Freight (89.83%), and Fuel Surcharge (10.17%).

Covenant Logistics Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 20Dec 19Dec 18
Cargo and Freight---
Fuel Surcharge---
Truckload---
Corporate Segment---
Other Segments---

Covenant Logistics Group's latest annual revenue breakdown by geography, as of Dec 20: Cargo and Freight (92.57%), and Fuel Surcharge (7.43%).

Covenant Logistics Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SNDRSchneider National--
WERNWerner Enterprises--
ULHUniversal Logistics--
HTLDHeartland Express--
MRTNMarten Transport--
CVLGCovenant Logistics Group--
PTSIP.A.M. Transportation Services--

CVLG Revenue FAQ

What is Covenant Logistics Group’s yearly revenue?

Covenant Logistics Group's yearly revenue for 2023 was $1.1B, representing a decrease of -9.31% compared to 2022. The company's yearly revenue for 2022 was $1.22B, representing an increase of 16.33% compared to 2021. CVLG's yearly revenue for 2021 was $1.05B, representing an increase of 24.74% compared to 2020.

What is Covenant Logistics Group’s quarterly revenue?

Covenant Logistics Group's quarterly revenue for Q3 2024 was $287.88M, a 0.13% increase from the previous quarter (Q2 2024), and a -0.29% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $287.5M, a 3.13% increase from the previous quarter (Q1 2024), and a 4.92% increase year-over-year (Q2 2023). CVLG's quarterly revenue for Q1 2024 was $278.76M, a 1.74% increase from the previous quarter (Q4 2023), and a 4.46% increase year-over-year (Q1 2023).

What is Covenant Logistics Group’s revenue growth rate?

Covenant Logistics Group's revenue growth rate for the last 3 years (2021-2023) was 5.50%, and for the last 5 years (2019-2023) was 23.37%.

What are Covenant Logistics Group’s revenue streams?

Covenant Logistics Group's revenue streams in c 20 are Fuel Surcharge, and Cargo and Freight. Fuel Surcharge generated $62.34M in revenue, accounting 7.43% of the company's total revenue, down -33.77% year-over-year. Cargo and Freight generated $776.22M in revenue, accounting 92.57% of the company's total revenue, down -3.02% year-over-year.

What is Covenant Logistics Group’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of Covenant Logistics Group was Cargo and Freight. This segment made a revenue of $776.22M, representing 92.57% of the company's total revenue.