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Covenant revenue
Covenant's revenue is $1.1 billion.
What is Covenant's revenue?
- Covenant's revenue growth from 2003 to 2024 is 94.26%.
- Covenant has 5,500 employees, and the revenue per employee ratio is $205,722.
- Covenant's peak quarterly revenue was $317.4M in 2022(q2).
- Covenant peak revenue was $1.2B in 2022.
- Covenant annual revenue for 2023 was 1.1B, -9.31% growth from 2022.
- Covenant annual revenue for 2024 was 1.1B, 2.53% growth from 2023.
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Covenant historical revenue
Covenant's peak revenue was $1.2B in 2022. The peak quarterly revenue was $317.4M in 2022(q2).
Covenant's revenue increased from $582.5m in 2003 to $1.1B currently. That's a 94.26% change in annual revenue.
Covenant annual revenue
Covenant annual revenue over time
| Fiscal year / year | Covenant revenue |
|---|---|
| 2009 | $588.7M |
| 2010 | $649.7M |
| 2011 | $652.6M |
| 2012 | $674.3M |
| 2013 | $684.5M |
| 2014 | $719.0M |
| 2015 | $724.2M |
| 2016 | $670.7M |
| 2017 | $705.0M |
| 2018 | $880.4M |
| 2019 | $885.4M |
| 2020 | $838.6M |
| 2021 | $1.0B |
| 2022 | $1.2B |
| 2023 | $1.1B |
| 2024 | $1.1B |
How accurately did Covenant's revenue projections match actual performance?
Covenant annual growth
Covenant saw the greatest revenue growth in 2018, when revenue increased by 24.88%.
Covenant had the lowest revenue growth in 2009, when revenue changed by -23.93%.
Covenant annual growth rate over time
| Year | Covenant growth |
|---|---|
| 2009 | -24%↓ |
| 2010 | 10%↑ |
| 2011 | 0%↑ |
| 2012 | 3%↑ |
| 2013 | 2%↑ |
| 2014 | 5%↑ |
| 2015 | 1%↑ |
| 2016 | -7%↓ |
| 2017 | 5%↑ |
| 2018 | 25%↑ |
| 2019 | 1%↑ |
| 2020 | -5%↓ |
| 2021 | 25%↑ |
| 2022 | 16%↑ |
| 2023 | -9%↓ |
| 2024 | 3%↑ |
Covenant quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Covenant quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $133.8M | $144.1M | $153.0M | $157.8M |
| 2010 | $152.0M | $169.0M | $164.8M | $163.9M |
| 2011 | $156.4M | $172.9M | $161.4M | $162.0M |
| 2012 | $157.0M | $171.3M | $168.4M | $177.5M |
| 2013 | $164.7M | $172.5M | $170.8M | $176.5M |
| 2014 | $161.0M | $173.7M | $177.6M | $206.8M |
| 2015 | $167.2M | $175.5M | $173.5M | $208.1M |
| 2016 | $156.3M | $158.8M | $164.5M | $191.0M |
| 2017 | $158.7M | $164.3M | $178.6M | $203.3M |
| 2018 | $173.6M | $196.3M | $243.3M | $267.2M |
| 2019 | $219.2M | $217.0M | $220.5M | $230.6M |
| 2020 | $210.8M | $191.7M | $210.8M | $225.2M |
| 2021 | $220.9M | $256.3M | $274.6M | $294.2M |
| 2022 | $291.6M | $317.4M | $311.8M | $296.1M |
| 2023 | $266.9M | $274.0M | $288.7M | $274.0M |
| 2024 | $278.8M | $287.5M | $287.9M | $277.3M |
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Covenant financial information
| CEO | David R. Parker |
| Industry | Transportation |
| Company Type | Public |
| Employees Number | 5,500 |
| Date Founded | 1986 |
| Headquarters | Chattanooga, Tennessee |
| Number of Locations | 7 |
| Revenue | $1.1B |
| Net Income | $108,682,000 |
| Gross Proft | $337.9M (2024) |
| EBITDA | $146.6M (2024) |
| PE Ratio | 11.90 |
| Tax Rate | 0.2% |
| Market Capitalization | $427.5M |
| Total Assets | $796,645,000 |
| Ticker | CVLG |
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Covenant competitors
Covenant's top competitor, Schneider National, earned an annual revenue of $5.3B.
Covenant's smallest competitor is CRST International with revenue of $99.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Schneider National | $55,404 | $5.3B | 19,600 | 60 |
| Marten Transport | $56,683 | $963.7M | 3,589 | 182 |
| Don Hummer Trucking | $62,112 | $75.0M | 200 | 17 |
| Pearce Worldwide Logistics, Inc. | $39,571 | $38.5M | 20 | - |
| Coyote Logistics | $63,715 | $770.0M | 2,000 | 15 |
| Stevens Transport | $55,226 | $900.0M | 7,500 | 39 |
| PAM Transport | $54,398 | $486.8M | 2,748 | 84 |
| US Express Freight Systems | $54,066 | $25.5M | 163 | - |
| USA Truck | $55,275 | $710.4M | 2,500 | 90 |
| Werner Enterprises | $56,046 | $3.0B | 12,784 | 98 |
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Zippia gives an in-depth look into the details of Covenant, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Covenant. The employee data is based on information from people who have self-reported their past or current employments at Covenant. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Covenant. The data presented on this page does not represent the view of Covenant and its employees or that of Zippia.
Covenant may also be known as or be related to Covenant, Covenant Transport, Covenant Transportation Group Inc, Covenant Transportation Group Inc. and Covenant Transportation Group, Inc.