Covenant Logistics Group, Inc. (CVLG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CVLG Revenue Growth
Revenue Breakdown (FY 2025)
CVLG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CVLG Revenue Analysis (2014–2025)
As of May 8, 2026, Covenant Logistics Group, Inc. (CVLG) generated trailing twelve-month (TTM) revenue of $1.16 billion, reflecting solid growth of +6.5% year-over-year. The most recent quarter (Q4 2025) recorded $295.4 million in revenue, down 0.5% sequentially.
Looking at the longer-term picture, CVLG's 5-year compound annual growth rate (CAGR) stands at +6.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.22 billion in 2022.
Revenue diversification analysis shows CVLG's business is primarily driven by Cargo and Freight (91%), Fuel Surcharge (9%), and Other Revenue (0%). With over half of revenue concentrated in Cargo and Freight, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WERN (-1.8% YoY), HTLD (-23.1% YoY), and MRTN (-8.3% YoY), CVLG has outperformed the peer group in terms of revenue growth. Compare CVLG vs WERN →
CVLG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CVLGCurrent | $1.2B | +6.5% | +6.8% | 1.2% | |
 WERN | $3.0B | -1.8% | +4.6% | 2.3% | |
 HTLD | $806M | -23.1% | +4.5% | -7.7% | |
 MRTN | $884M | -8.3% | +0.2% | 1.2% | |
 SNDR | $5.7B | +5.5% | +4.5% | 3.0% | |
 KNX | $7.5B | +1.1% | +9.8% | 3.4% |
CVLG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.16B | +2.9% | $93.3M | 8.0% | $14.0M | 1.2% |
| 2024 | $1.13B | +2.5% | $189.6M | 16.8% | $44.8M | 4.0% |
| 2023 | $1.10B | -9.3% | $164.2M | 14.9% | $58.8M | 5.3% |
| 2022 | $1.22B | +16.3% | $186.0M | 15.3% | $80.4M | 6.6% |
| 2021 | $1.05B | +24.7% | $147.3M | 14.1% | $63.4M | 6.1% |
| 2020 | $838.6M | -5.3% | $109.5M | 13.1% | $-14,027,000 | -1.7% |
| 2019 | $885.4M | -0.0% | $104.9M | 11.9% | $8.8M | 1.0% |
| 2018 | $885.5M | +25.6% | $144.4M | 16.3% | $59.0M | 6.7% |
| 2017 | $705.0M | +5.1% | $92.9M | 13.2% | $28.2M | 4.0% |
| 2016 | $670.7M | -7.4% | $97.2M | 14.5% | $32.4M | 4.8% |
See CVLG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CVLG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CVLG vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonCVLG — Frequently Asked Questions
Quick answers to the most common questions about buying CVLG stock.
Is CVLG's revenue growth accelerating or slowing?
CVLG maintains +6.5% revenue growth, in line with its 5-year CAGR of +6.8%. TTM revenue stands at $1.2B. Growth rate remains consistent with historical average.
What is CVLG's long-term revenue growth rate?
Covenant Logistics Group, Inc.'s 5-year revenue CAGR of +6.8% reflects the sustained expansion pattern. Current YoY growth of +6.5% is near this long-term average.
How is CVLG's revenue distributed by segment?
CVLG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.