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Covenant Logistics Group (CVLG) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChart

Covenant Logistics Group Revenue Highlights

Latest Revenue (Y)

$1.16B

Latest Revenue (Q)

$295.37M

Main Segment (Y)

Cargo and Freight

Covenant Logistics Group Revenue by Period

Covenant Logistics Group Revenue by Year

DateRevenueChange
2025-12-31$1.16B2.92%
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-5.29%
2019-12-31$885.39M-0.01%
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$652.63M-

Covenant Logistics Group generated $1.16B in revenue during NA 2025, up 2.92% compared to the previous quarter, and up 138.87% compared to the same period a year ago.

Covenant Logistics Group Revenue by Quarter

DateRevenueChange
2025-12-31$295.37M-0.51%
2025-09-30$296.89M-1.97%
2025-06-30$302.85M12.44%
2025-03-31$269.36M-2.88%
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-9.07%
2020-03-31$210.81M-9.57%
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-

Covenant Logistics Group generated $295.37M in revenue during Q4 2025, up -0.51% compared to the previous quarter, and up 102.60% 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 25Dec 24Dec 23Dec 22Dec 21
Fuel Surcharge$105.24M$117.53M$133.06M$170.46M$96.09M
Cargo and Freight$1.06B$1.01B$970.51M$1.05B$949.91M
Other Revenue$637.00K----

Covenant Logistics Group's latest annual revenue breakdown by segment (product or service), as of Dec 25: Cargo and Freight (90.91%), Fuel Surcharge (9.03%), and Other Revenue (0.05%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Fuel Surcharge$24.73M$28.05M$26.32M$26.14M$26.19M$29.29M$30.98M$31.08M$33.98M$35.34M$30.31M$33.43M$40.73M$45.24M$50.52M$33.97M$27.21M$24.31M$24.38M$20.20M
Cargo and Freight$270.64M$268.84M$276.53M$243.22M$251.15M$258.60M$256.51M$247.69M$240.01M$253.38M$243.70M$233.42M$255.33M$266.60M$266.86M$257.61M$267.02M$250.25M$231.95M$200.69M

Covenant Logistics Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Cargo and Freight (91.63%), and Fuel Surcharge (8.37%).

Covenant Logistics Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BXCBlueLinx$2.95B$748.87M
CODICompass Diversified$1.87B$472.56M
ULHUniversal Logistics$1.56B$396.79M
KFRCKforce$1.33B$332.64M
CVLGCovenant Logistics Group$1.16B$295.37M
HTLDHeartland Express$805.71M$196.55M
ASCArdmore Shipping$395.98M$106.30M
SBSafe Bulkers$284.40M$81.67M
CASSCass Information Systems$191.10M$49.86M
BYRNByrna$118.12M$29.05M

CVLG Revenue FAQ

What is Covenant Logistics Group’s yearly revenue?

Covenant Logistics Group's yearly revenue for 2025 was $1.16B, representing an increase of 2.92% compared to 2024. The company's yearly revenue for 2024 was $1.13B, representing an increase of 2.53% compared to 2023. CVLG's yearly revenue for 2023 was $1.1B, representing a decrease of -9.31% compared to 2022.

What is Covenant Logistics Group’s quarterly revenue?

Covenant Logistics Group's quarterly revenue for Q4 2025 was $295.37M, a -0.51% decrease from the previous quarter (Q3 2025), and a 6.51% increase year-over-year (Q4 2024). The company's quarterly revenue for Q3 2025 was $296.89M, a -1.97% decrease from the previous quarter (Q2 2025), and a 3.13% increase year-over-year (Q3 2024). CVLG's quarterly revenue for Q2 2025 was $302.85M, a 12.44% increase from the previous quarter (Q1 2025), and a 5.34% increase year-over-year (Q2 2024).

What is Covenant Logistics Group’s revenue growth rate?

Covenant Logistics Group's revenue growth rate for the last 3 years (2023-2025) was 5.52%, and for the last 5 years (2021-2025) was 11.33%.

What are Covenant Logistics Group’s revenue streams?

Covenant Logistics Group's revenue streams in c 25 are Fuel Surcharge, Cargo and Freight, and Other Revenue. Fuel Surcharge generated $105.24M in revenue, accounting 9.03% of the company's total revenue, down -10.46% year-over-year. Cargo and Freight generated $1.06B in revenue, accounting 90.91% of the company's total revenue, up 4.47% year-over-year. Other Revenue generated $637K in revenue, accounting 0.05% of the company's total revenue

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

For the fiscal year ending Dec 25, the largest source of revenue of Covenant Logistics Group was Cargo and Freight. This segment made a revenue of $1.06B, representing 90.91% of the company's total revenue.