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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
Select the Comparisons :
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Select the Ratio:
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CVLG Revenue (in millions $) |
FY 2023 |
FY 2022 |
FY 2021 |
FY 2020 |
IV Quarter |
December |
273.99
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296.06
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294.23
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222.49
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III Quarter |
September |
288.72
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311.84
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274.56
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210.83
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II Quarter |
June |
274.02
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317.38
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256.32
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191.69
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I Quarter |
March |
266.85
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291.59
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220.89
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213.55
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FY |
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1,103.58
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1,216.87
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1,046.00
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838.56
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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.
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CVLG Revenue ( Y/Y Growth %) |
2023
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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 |
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-9.31 % |
16.34 % |
24.74 % |
-6.26 % |
CVLG Revenue (Quarter on Quarter Growth %) |
2023
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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) |
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-9.31 % |
16.34 % |
24.74 % |
-6.26 % |
Revenue Y/Y Growth Statistics |
High |
Average |
Low |
32.01 % |
6.66 % |
-11.85 % |
(Mar 31 2022) |
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(Mar 31 2017) |
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Revenue Y/Y Growth Statistics |
High |
Average |
Low |
32.01 % |
6.66 % |
-11.85 % |
(Mar 31 2022) |
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(Mar 31 2017) |
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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) |
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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. |
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Revenue Q/Q Growth Statistics |
High |
Average |
Low |
23.93 % |
1.89 % |
-24.86 % |
(Sep 30 2018) |
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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. |
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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 % |
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Revenue TTM Y/Y Growth Statistics |
High |
Average |
Low |
32.01 % |
6.66 % |
-11.85 % |
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Revenue TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 2 |
Sector |
# 18 |
S&P 500 |
# 1135 |
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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 % |
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Revenue TTM Y/Y Growth Statistics |
High |
Average |
Low |
32.01 % |
6.66 % |
-11.85 % |
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Revenue TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 2 |
Sector |
# 18 |
S&P 500 |
# 1135 |
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