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Covenant Logistics Group (CVLG) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Covenant Logistics Group Revenue Highlights

Latest Revenue (Y)

$1.13B

Latest Revenue (Q)

$277.33M

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
2024-12-31$1.13B2.53%
2023-12-31$1.10B-9.31%
2022-12-31$1.22B16.33%
2021-12-31$1.05B24.74%
2020-12-31$838.56M-6.26%
2019-12-31$894.53M1.02%
2018-12-31$885.46M25.60%
2017-12-31$705.01M5.12%
2016-12-31$670.65M-7.40%
2015-12-31$724.24M0.73%
2014-12-31$718.98M5.03%
2013-12-31$684.55M1.53%
2012-12-31$674.25M3.31%
2011-12-31$652.63M0.44%
2010-12-31$649.75M10.37%
2009-12-31$588.69M-23.93%
2008-12-31$773.91M8.62%
2007-12-31$712.53M4.20%
2006-12-31$683.83M6.34%
2005-12-31$643.05M6.53%
2004-12-31$603.62M3.63%
2003-12-31$582.46M3.20%
2002-12-31$564.42M3.18%
2001-12-31$547.03M-0.98%
2000-12-31$552.43M16.86%
1999-12-31$472.74M27.58%
1998-12-31$370.55M24.40%
1997-12-31$297.86M26.07%
1996-12-31$236.27M31.04%
1995-12-31$180.30M36.69%
1994-12-31$131.90M-

Covenant Logistics Group generated $1.13B in revenue during NA 2024, up 2.53% compared to the previous quarter, and up 126.49% compared to the same period a year ago.

Covenant Logistics Group Revenue by Quarter

DateRevenueChange
2024-12-31$277.33M-3.67%
2024-09-30$287.88M0.13%
2024-06-30$287.50M3.13%
2024-03-31$278.76M1.74%
2023-12-31$273.99M-5.10%
2023-09-30$288.72M5.37%
2023-06-30$274.02M2.69%
2023-03-31$266.85M-9.86%
2022-12-31$296.06M-5.06%
2022-09-30$311.84M-1.74%
2022-06-30$317.38M8.85%
2022-03-31$291.58M-0.90%
2021-12-31$294.23M7.16%
2021-09-30$274.56M7.11%
2021-06-30$256.32M16.04%
2021-03-31$220.89M-1.93%
2020-12-31$225.23M6.83%
2020-09-30$210.83M9.99%
2020-06-30$191.69M-10.24%
2020-03-31$213.55M-8.40%
2019-12-31$233.13M4.59%
2019-09-30$222.91M1.65%
2019-06-30$219.30M0.05%
2019-03-31$219.18M-19.50%
2018-12-31$272.27M11.90%
2018-09-30$243.30M23.93%
2018-06-30$196.32M13.11%
2018-03-31$173.57M-14.63%
2017-12-31$203.31M13.81%
2017-09-30$178.63M8.71%
2017-06-30$164.33M3.52%
2017-03-31$158.74M-16.88%
2016-12-31$190.98M16.10%
2016-09-30$164.50M3.57%
2016-06-30$158.83M1.59%
2016-03-31$156.34M-24.86%
2015-12-31$208.06M19.91%
2015-09-30$173.51M-1.11%
2015-06-30$175.45M4.92%
2015-03-31$167.22M-19.14%
2014-12-31$206.79M16.45%
2014-09-30$177.58M2.26%
2014-06-30$173.65M7.89%
2014-03-31$160.96M-8.80%
2013-12-31$176.49M3.30%
2013-09-30$170.84M-0.95%
2013-06-30$172.49M4.71%
2013-03-31$164.73M-7.19%
2012-12-31$177.50M5.38%
2012-09-30$168.43M-1.68%
2012-06-30$171.30M9.09%
2012-03-31$157.03M-3.04%
2011-12-31$161.95M0.33%
2011-09-30$161.42M-6.62%
2011-06-30$172.87M10.53%
2011-03-31$156.39M-4.61%
2010-12-31$163.95M-0.52%
2010-09-30$164.81M-2.47%
2010-06-30$168.98M11.16%
2010-03-31$152.01M-3.66%
2009-12-31$157.78M3.09%
2009-09-30$153.05M6.22%
2009-06-30$144.08M7.70%
2009-03-31$133.78M-21.75%
2008-12-31$170.97M-19.56%
2008-09-30$212.54M1.83%
2008-06-30$208.73M14.89%
2008-03-31$181.67M-5.82%
2007-12-31$192.90M-

Covenant Logistics Group generated $277.33M in revenue during Q4 2024, up -3.67% compared to the previous quarter, and up 96.06% 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 24Dec 20Dec 19Dec 18
Cargo and Freight$1.01B$776.22M$800.40M-
Fuel Surcharge$117.53M$62.34M$94.13M-
Truckload---$727.05M
Other Segments---$165.71M
Corporate Segment---$892.75M

Covenant Logistics Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Cargo and Freight (89.61%), and Fuel Surcharge (10.39%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Cargo and Freight$243.22M$251.15M$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
Fuel Surcharge$26.14M$26.19M$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

Covenant Logistics Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Cargo and Freight (90.30%), and Fuel Surcharge (9.70%).

Covenant Logistics Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 20Dec 19Dec 18
Fuel Surcharge$62.34M$94.13M-
Cargo and Freight$776.22M$800.40M-
Truckload--$727.05M
Corporate Segment--$892.75M
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

TickerCompanyLast Year RevenueLast Quarter Revenue
SNDRSchneider National$5.29B$1.40B
WERNWerner Enterprises$3.03B$712.11M
ULHUniversal Logistics$1.85B$382.39M
CVLGCovenant Logistics Group$1.13B$277.33M
HTLDHeartland Express$1.05B$219.42M
MRTNMarten Transport$963.71M$223.15M

CVLG Revenue FAQ

What is Covenant Logistics Group’s yearly revenue?

Covenant Logistics Group's yearly revenue for 2024 was $1.13B, representing an increase of 2.53% compared to 2023. The company's yearly revenue for 2023 was $1.1B, representing a decrease of -9.31% compared to 2022. CVLG's yearly revenue for 2022 was $1.22B, representing an increase of 16.33% compared to 2021.

What is Covenant Logistics Group’s quarterly revenue?

Covenant Logistics Group's quarterly revenue for Q4 2024 was $277.33M, a -3.67% decrease from the previous quarter (Q3 2024), and a 1.22% increase year-over-year (Q4 2023). The company'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). CVLG'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).

What is Covenant Logistics Group’s revenue growth rate?

Covenant Logistics Group's revenue growth rate for the last 3 years (2022-2024) was -7.02%, and for the last 5 years (2020-2024) was 34.93%.

What are Covenant Logistics Group’s revenue streams?

Covenant Logistics Group's revenue streams in c 24 are Cargo and Freight, and Fuel Surcharge. Cargo and Freight generated $1.01B in revenue, accounting 89.61% of the company's total revenue, up 30.63% year-over-year. Fuel Surcharge generated $117.54M in revenue, accounting 10.39% of the company's total revenue, up 88.53% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of Covenant Logistics Group was Cargo and Freight. This segment made a revenue of $1.01B, representing 89.61% of the company's total revenue.