Covenant Logistics Group (CVLG) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.10B | -9.31% |
| 2022-12-31 | $1.22B | 16.33% |
| 2021-12-31 | $1.05B | 24.74% |
| 2020-12-31 | $838.56M | -6.26% |
| 2019-12-31 | $894.53M | 1.02% |
| 2018-12-31 | $885.46M | 25.60% |
| 2017-12-31 | $705.01M | 5.12% |
| 2016-12-31 | $670.65M | -7.40% |
| 2015-12-31 | $724.24M | 0.73% |
| 2014-12-31 | $718.98M | 5.03% |
| 2013-12-31 | $684.55M | 1.53% |
| 2012-12-31 | $674.25M | 3.31% |
| 2011-12-31 | $652.63M | 0.44% |
| 2010-12-31 | $649.75M | 10.37% |
| 2009-12-31 | $588.69M | -23.93% |
| 2008-12-31 | $773.91M | 8.62% |
| 2007-12-31 | $712.53M | 4.20% |
| 2006-12-31 | $683.83M | 6.34% |
| 2005-12-31 | $643.05M | 6.53% |
| 2004-12-31 | $603.62M | 3.63% |
| 2003-12-31 | $582.46M | 3.20% |
| 2002-12-31 | $564.42M | 3.18% |
| 2001-12-31 | $547.03M | -0.98% |
| 2000-12-31 | $552.43M | 16.86% |
| 1999-12-31 | $472.74M | 27.58% |
| 1998-12-31 | $370.55M | 24.40% |
| 1997-12-31 | $297.86M | 26.07% |
| 1996-12-31 | $236.27M | 31.04% |
| 1995-12-31 | $180.30M | 36.69% |
| 1994-12-31 | $131.90M | - |
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
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $287.88M | 0.13% |
| 2024-06-30 | $287.50M | 3.13% |
| 2024-03-31 | $278.76M | 1.74% |
| 2023-12-31 | $273.99M | -5.10% |
| 2023-09-30 | $288.72M | 5.37% |
| 2023-06-30 | $274.02M | 2.69% |
| 2023-03-31 | $266.85M | -9.86% |
| 2022-12-31 | $296.06M | -5.06% |
| 2022-09-30 | $311.84M | -1.74% |
| 2022-06-30 | $317.38M | 8.85% |
| 2022-03-31 | $291.58M | -0.90% |
| 2021-12-31 | $294.23M | 7.16% |
| 2021-09-30 | $274.56M | 7.11% |
| 2021-06-30 | $256.32M | 16.04% |
| 2021-03-31 | $220.89M | -1.93% |
| 2020-12-31 | $225.23M | 6.83% |
| 2020-09-30 | $210.83M | 9.99% |
| 2020-06-30 | $191.69M | -10.24% |
| 2020-03-31 | $213.55M | -8.40% |
| 2019-12-31 | $233.13M | 4.59% |
| 2019-09-30 | $222.91M | 1.65% |
| 2019-06-30 | $219.30M | 0.05% |
| 2019-03-31 | $219.18M | -19.50% |
| 2018-12-31 | $272.27M | 11.90% |
| 2018-09-30 | $243.30M | 23.93% |
| 2018-06-30 | $196.32M | 13.11% |
| 2018-03-31 | $173.57M | -14.63% |
| 2017-12-31 | $203.31M | 13.81% |
| 2017-09-30 | $178.63M | 8.71% |
| 2017-06-30 | $164.33M | 3.52% |
| 2017-03-31 | $158.74M | -16.88% |
| 2016-12-31 | $190.98M | 16.10% |
| 2016-09-30 | $164.50M | 3.57% |
| 2016-06-30 | $158.83M | 1.59% |
| 2016-03-31 | $156.34M | -24.86% |
| 2015-12-31 | $208.06M | 19.91% |
| 2015-09-30 | $173.51M | -1.11% |
| 2015-06-30 | $175.45M | 4.92% |
| 2015-03-31 | $167.22M | -19.14% |
| 2014-12-31 | $206.79M | 16.45% |
| 2014-09-30 | $177.58M | 2.26% |
| 2014-06-30 | $173.65M | 7.89% |
| 2014-03-31 | $160.96M | -8.80% |
| 2013-12-31 | $176.49M | 3.30% |
| 2013-09-30 | $170.84M | -0.95% |
| 2013-06-30 | $172.49M | 4.71% |
| 2013-03-31 | $164.73M | -7.19% |
| 2012-12-31 | $177.50M | 5.38% |
| 2012-09-30 | $168.43M | -1.68% |
| 2012-06-30 | $171.30M | 9.09% |
| 2012-03-31 | $157.03M | -3.04% |
| 2011-12-31 | $161.95M | 0.33% |
| 2011-09-30 | $161.42M | -6.62% |
| 2011-06-30 | $172.87M | 10.53% |
| 2011-03-31 | $156.39M | -4.61% |
| 2010-12-31 | $163.95M | -0.52% |
| 2010-09-30 | $164.81M | -2.47% |
| 2010-06-30 | $168.98M | 11.16% |
| 2010-03-31 | $152.01M | -3.66% |
| 2009-12-31 | $157.78M | 3.09% |
| 2009-09-30 | $153.05M | 6.22% |
| 2009-06-30 | $144.08M | 7.70% |
| 2009-03-31 | $133.78M | -21.75% |
| 2008-12-31 | $170.97M | -19.56% |
| 2008-09-30 | $212.54M | 1.83% |
| 2008-06-30 | $208.73M | 14.89% |
| 2008-03-31 | $181.67M | -5.82% |
| 2007-12-31 | $192.90M | - |
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/Service | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|
| Cargo and Freight | $776.22M | $800.40M | - |
| Fuel Surcharge | $62.34M | $94.13M | - |
| Truckload | - | - | $727.05M |
| Corporate Segment | - | - | $892.75M |
| Other Segments | - | - | $165.71M |
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/Service | Sep 24 | Jun 24 | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fuel Surcharge | $29.29M | $30.98M | $31.08M | $35.34M | $30.31M | $33.43M | $45.24M | $50.52M | $33.97M | $14.37M | $14.61M | $12.13M | $21.23M | $23.25M | $23.08M | $24.38M |
| Cargo and Freight | $258.60M | $256.51M | $247.69M | $253.38M | $243.70M | $233.42M | $266.60M | $266.86M | $257.61M | $210.86M | $196.22M | $179.56M | $192.32M | $209.89M | $199.83M | $194.92M |
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
| Country | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|
| Fuel Surcharge | $62.34M | $94.13M | - |
| Cargo and Freight | $776.22M | $800.40M | - |
| Corporate Segment | - | - | $892.75M |
| Truckload | - | - | $727.05M |
| Other Segments | - | - | $165.71M |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SNDR | Schneider National | $5.50B | $1.32B |
| WERN | Werner Enterprises | $3.28B | $760.80M |
| ULH | Universal Logistics | $1.66B | $462.16M |
| HTLD | Heartland Express | $1.21B | $274.75M |
| MRTN | Marten Transport | $1.13B | $246.24M |
| CVLG | Covenant Logistics Group | $1.10B | $287.88M |
| PTSI | P.A.M. Transportation Services | $810.81M | $182.95M |
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 Cargo and Freight, and Fuel Surcharge. Cargo and Freight generated $776.22M in revenue, accounting 92.57% of the company's total revenue, down -3.02% year-over-year. Fuel Surcharge generated $62.34M in revenue, accounting 7.43% of the company's total revenue, down -33.77% 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.