Covenant Logistics (CVLG) revenue breakdown
By segment, Highway Services is the largest at 37% of fiscal 2024 revenue; Warehousing grew fastest, 64% a year over 7 years.
By product, Cargo and Freight is the largest at 91% of fiscal 2025 revenue; Fuel Surcharge grew fastest, 6% a year over 9 years.
Revenue by segment
Fiscal years, as Covenant Logistics reports them in its 10-K filings; fiscal 2024 total $1.1B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Highway Services | — | $468M | $469M | $357M | $320M | $337M | $453M | $424M | $416M | 37% |
| Dedicated | — | $145M | $258M | $342M | $289M | $325M | $363M | $320M | $364M | 32% |
| Managed Freight | $69M | $89M | $130M | $139M | $178M | $321M | $321M | $259M | $249M | 22% |
| Warehousing | — | $3M | $24M | $48M | $52M | $63M | $80M | $101M | $102M | 9% |
| Truckload | $601M | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Covenant Logistics reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cargo and Freight | $611M | $627M | $775M | $791M | $776M | $950M | $1.0B | $971M | $1.0B | $1.1B | 91% |
| Fuel Surcharge | $60M | $78M | $106M | $94M | $62M | $96M | $170M | $133M | $118M | $105M | 9% |
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Where does Covenant Logistics make its money?
In fiscal 2024, by segment: Highway Services $416M, Dedicated $364M, Managed Freight $249M, Warehousing $102M.
From Covenant Logistics's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.