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Covenant Logistics Group Inc   (CVLG)
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CVLG's Revenue Growth by Quarter and Year

Covenant Logistics Group Inc 's Revenue results by quarter and year




CVLG Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 273.99 296.06 294.23 222.49
III Quarter September 288.72 311.84 274.56 210.83
II Quarter June 274.02 317.38 256.32 191.69
I Quarter March 266.85 291.59 220.89 213.55
FY   1,103.58 1,216.87 1,046.00 838.56



CVLG Revenue fourth quarter 2023 Y/Y Growth Comment
Covenant Logistics Group Inc reported decrease in Revenue in the fourth quarter 2023 by -7.46% to $ 273.99 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Covenant Logistics Group Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 6.66%.

Among companies who have reported fourth quarter 2023 results in the Transport & Logistics industry only one Company has achieved higher year on year Revenue results in the fourth quarter 2023. While Covenant Logistics Group Inc ' s Revenue decline of -7.46% ranks overall at the positon no. 1135 in the fourth quarter 2023.




CVLG Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -7.46 % 0.62 % 32.24 % -4.57 %
III Quarter September -7.41 % 13.58 % 30.23 % -5.42 %
II Quarter June -13.66 % 23.82 % 33.72 % -12.59 %
I Quarter March -8.48 % 32.01 % 3.44 % -2.57 %
FY   -9.31 % 16.34 % 24.74 % -6.26 %

Financial Statements
Covenant Logistics Group Inc 's fourth quarter 2023 Revenue $ 273.99 millions CVLG's Income Statement
Covenant Logistics Group Inc 's fourth quarter 2022 Revenue $ 296.06 millions Quarterly CVLG's Income Statement
New: More CVLG's historic Revenue Growth >>


CVLG Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -5.1 % -5.06 % 7.16 % 5.53 %
III Quarter September 5.36 % -1.75 % 7.12 % 9.98 %
II Quarter June 2.69 % 8.84 % 16.04 % -10.24 %
I Quarter March -9.87 % -0.9 % -0.72 % -8.4 %
FY (Year on Year)   -9.31 % 16.34 % 24.74 % -6.26 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #2
Transportation Sector #18
Overall #1135

Revenue Y/Y Growth Statistics
High Average Low
32.01 % 6.66 % -11.85 %
(Mar 31 2022)   (Mar 31 2017)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #2
Transportation Sector #18
Overall #1135
Revenue Y/Y Growth Statistics
High Average Low
32.01 % 6.66 % -11.85 %
(Mar 31 2022)   (Mar 31 2017)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Covenant Logistics Group Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
23.93 % 1.89 % -24.86 %
(Sep 30 2018)  


CVLG's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Covenant Logistics Group Inc reported decline in Revenue from the third quarter by -5.1% to $ 273.99 millions, from $ 288.72 millions declared in the previous reporting period.

If you look into recent downturn in the IV. Quarter 2023, you should presume, that commonly IV. Quarter 2023 results appear to be softer relative to the third quarter, Fausta Ricci, Transport & Logistics industry advisor based in New York mentioned.

Within Transport & Logistics industry 7 other companies have achieved higher Revenue quarter on quarter growth. While Covenant Logistics Group Inc 's Revenue growth quarter on quarter, overall rank is 1393.


Revenue Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #8
Transportation Sector #28
Overall #1393
Revenue Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #8
Transportation Sector #28
Overall #1393
Revenue Q/Q Growth Statistics
High Average Low
23.93 % 1.89 % -24.86 %
(Sep 30 2018)  


CVLG's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Covenant Logistics Group Inc realized decline in Revenue from the previous quarter by -5.1% to $ 273.99 millions, from $ 288.72 millions declared in the previous reporting period.

If you evaluate recent slump at the IV. Quarter, you must take into consideration, that commonly IV. Quarter Revenue emerge sluggish then in the preciding period

Within Transport & Logistics industry 7 other companies have achieved higher Revenue quarter on quarter growth. While Covenant Logistics Group Inc 's Revenue growth quarter on quarter, overall rank is 1393.


Covenant Logistics Group Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 1,103.57 $ 1,125.65 $ 1,148.76 $ 1,192.12 $ 1,216.86
Y / Y Revenue Growth (TTM) -9.31 % -7.36 % -2.46 % 6.75 % 16.33 %
Year on Year Revenue Growth Overall Ranking # 389 # 594 # 522 # 260 # 930
Seqeuential Revenue Change (TTM) -1.96 % -2.01 % -3.64 % -2.03 % 0.15 %
Seq. Revenue Growth (TTM) Overall Ranking # 1135 # 1366 # 1552 # 941 # 2002




Cumulative Revenue growth Comment
Covenant Logistics Group Inc 's cumulative 12 months Revenue continue to decline, but on the faster rate at -9.31% year on year, at Dec 31 2023 compare to the -7.36% decrease at Sep 30 2023. If the Covenant Logistics Group Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $1,104 millions.

Among companies within the Transportation sector 7 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 389, from total ranking in previous quarter at 594.

Revenue TTM Q/Q Growth Statistics
High Average Low
32.01 %
6.66 %
-11.85 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 2
Transportation Sector # 8
Overall # 389

Revenue TTM Y/Y Growth Statistics
High Average Low
32.01 %
6.66 %
-11.85 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 18
S&P 500 # 1135
Cumulative Revenue growth Comment
Covenant Logistics Group Inc 's cumulative 12 months Revenue continue to decline, but on the faster rate at -9.31% year on year, at Dec 31 2023 compare to the -7.36% decrease at Sep 30 2023. If the Covenant Logistics Group Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $1,104 millions.

Among companies within the Transportation sector 7 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 389, from total ranking in previous quarter at 594.

Revenue TTM Q/Q Growth Statistics
High Average Low
32.01 %
6.66 %
-11.85 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 2
Transportation Sector # 8
Overall # 389

Revenue TTM Y/Y Growth Statistics
High Average Low
32.01 %
6.66 %
-11.85 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 18
S&P 500 # 1135




Other Revenue Growth
Transport & Logistics Industry Revenue Growth Trends and Statistics
Transportation Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
CVLG's Revenue Growth Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for CVLG's Competitors
Revenue Growth for Covenant Logistics Group Inc 's Suppliers
Revenue Growth for CVLG's Customers

You may also want to know
CVLG's Annual Growth Rates CVLG's Profitability Ratios CVLG's Asset Turnover Ratio CVLG's Dividend Growth
CVLG's Roe CVLG's Valuation Ratios CVLG's Financial Strength Ratios CVLG's Dividend Payout Ratio
CVLG's Roa CVLG's Inventory Turnover Ratio CVLG's Growth Rates CVLG's Dividend Comparisons



Companies with similar Revenue decline for the quarter ending Dec 31 2023 within Transportation SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Union Pacific Corp-0.34%$ -0.340 millions
American Airlines Group Inc -0.96%$ -0.955 millions
Csx Corporation-1.34%$ -1.340 millions
Polaris Inc -1.43%$ -1.427 millions
Frontier Group Holdings Inc -1.66%$ -1.656 millions
Pangaea Logistics Solutions Ltd -2.26%$ -2.265 millions
Jetblue Airways Corp-3.77%$ -3.768 millions
Werner Enterprises Inc -4.59%$ -4.590 millions
Overseas Shipholding Group Inc -4.71%$ -4.712 millions
Spirit Airlines Inc -5.00%$ -4.999 millions
Norfolk Southern Corporation-5.07%$ -5.066 millions
Covenant Logistics Group Inc -7.46%$ -7.455 millions
United Parcel Service Inc -7.83%$ -7.827 millions
Hawaiian Holdings inc-8.48%$ -8.476 millions
Genco Shipping and Trading Limited-9.02%$ -9.022 millions
J b Hunt Transport Services Inc -9.48%$ -9.478 millions
Ardmore Shipping Corp-11.16%$ -11.164 millions
Schneider National Inc -12.17%$ -12.166 millions
Arcbest Corporation-12.43%$ -12.432 millions
Scorpio Tankers Inc -14.18%$ -14.182 millions
C h Robinson Worldwide Inc -16.68%$ -16.676 millions
Marten Transport Ltd-16.85%$ -16.852 millions
Safe Bulkers Inc -18.77%$ -18.770 millions
Pam Transportation Services Inc-24.18%$ -24.176 millions
Landstar System Inc -27.94%$ -27.937 millions
Ftai Infrastructure Inc -30.71%$ -30.712 millions
Eagle Bulk Shipping Inc -30.94%$ -30.937 millions
Star Bulk Carriers Corp -33.95%$ -33.948 millions
Singularity Future Technology Ltd -35.53%$ -35.528 millions
Wheels Up Experience Inc -39.65%$ -39.651 millions




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