diff --git a/CMakeLists.txt b/CMakeLists.txt
index 131a7a9a8c53bc..fb275fc8b586b7 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -485,7 +485,8 @@ endif()
 
 configure_file(cmake/script/Coverage.cmake Coverage.cmake COPYONLY)
 configure_file(cmake/script/CoverageFuzz.cmake CoverageFuzz.cmake COPYONLY)
-configure_file(cmake/script/CoverageInclude.cmake.in CoverageInclude.cmake @ONLY)
+configure_file(cmake/script/CoverageIncludeBeforeTests.cmake.in CoverageIncludeBeforeTests.cmake @ONLY)
+configure_file(cmake/script/CoverageIncludeAfterTests.cmake.in CoverageIncludeAfterTests.cmake @ONLY)
 configure_file(contrib/filter-lcov.py filter-lcov.py COPYONLY)
 
 include(cmake/optional.cmake)
diff --git a/cmake/script/Coverage.cmake b/cmake/script/Coverage.cmake
index 328dd8ce251367..b59f27c00cf7de 100644
--- a/cmake/script/Coverage.cmake
+++ b/cmake/script/Coverage.cmake
@@ -2,7 +2,7 @@
 # Distributed under the MIT software license, see the accompanying
 # file COPYING or https://opensource.org/license/mit/.
 
-include(${CMAKE_CURRENT_LIST_DIR}/CoverageInclude.cmake)
+include(${CMAKE_CURRENT_LIST_DIR}/CoverageIncludeBeforeTests.cmake)
 
 set(functional_test_runner test/functional/test_runner.py)
 if(EXTENDED_FUNCTIONAL_TESTS)
@@ -13,65 +13,17 @@ if(DEFINED JOBS)
   list(APPEND functional_test_runner -j ${JOBS})
 endif()
 
+# Run the tests.
+
 execute_process(
   COMMAND ${CMAKE_CTEST_COMMAND}
   WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
   COMMAND_ERROR_IS_FATAL ANY
 )
-execute_process(
-  COMMAND ${LCOV_COMMAND} --capture --directory src --test-name test_bitcoin --output-file test_bitcoin.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --zerocounters --directory src
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_FILTER_COMMAND} test_bitcoin.info test_bitcoin_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --add-tracefile test_bitcoin_filtered.info --output-file test_bitcoin_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --add-tracefile test_bitcoin_filtered.info --output-file test_bitcoin_coverage.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${GENHTML_COMMAND} test_bitcoin_coverage.info --output-directory test_bitcoin.coverage
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-
 execute_process(
   COMMAND ${functional_test_runner}
   WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
   COMMAND_ERROR_IS_FATAL ANY
 )
-execute_process(
-  COMMAND ${LCOV_COMMAND} --capture --directory src --test-name functional-tests --output-file functional_test.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --zerocounters --directory src
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_FILTER_COMMAND} functional_test.info functional_test_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --add-tracefile functional_test_filtered.info --output-file functional_test_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --add-tracefile test_bitcoin_filtered.info --add-tracefile functional_test_filtered.info --output-file total_coverage.info
-  COMMAND ${GREP_EXECUTABLE} "%"
-  COMMAND ${AWK_EXECUTABLE} "{ print substr($3,2,50) \"/\" $5 }"
-  OUTPUT_FILE coverage_percent.txt
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${GENHTML_COMMAND} total_coverage.info --output-directory total.coverage
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
+
+include(${CMAKE_CURRENT_LIST_DIR}/CoverageIncludeAfterTests.cmake)
diff --git a/cmake/script/CoverageInclude.cmake.in b/cmake/script/CoverageInclude.cmake.in
deleted file mode 100644
index 7a8bf2f0af2d3c..00000000000000
--- a/cmake/script/CoverageInclude.cmake.in
+++ /dev/null
@@ -1,56 +0,0 @@
-# Copyright (c) 2024-present The Bitcoin Core developers
-# Distributed under the MIT software license, see the accompanying
-# file COPYING or https://opensource.org/license/mit/.
-
-if("@CMAKE_CXX_COMPILER_ID@" STREQUAL "Clang")
-  find_program(LLVM_COV_EXECUTABLE llvm-cov REQUIRED)
-  set(COV_TOOL "${LLVM_COV_EXECUTABLE} gcov")
-else()
-  find_program(GCOV_EXECUTABLE gcov REQUIRED)
-  set(COV_TOOL "${GCOV_EXECUTABLE}")
-endif()
-
-# COV_TOOL is used to replace a placeholder.
-configure_file(
-  cmake/cov_tool_wrapper.sh.in ${CMAKE_CURRENT_LIST_DIR}/cov_tool_wrapper.sh
-  FILE_PERMISSIONS OWNER_READ OWNER_EXECUTE
-                   GROUP_READ GROUP_EXECUTE
-                   WORLD_READ
-  @ONLY
-)
-
-find_program(LCOV_EXECUTABLE lcov REQUIRED)
-separate_arguments(LCOV_OPTS)
-set(LCOV_COMMAND ${LCOV_EXECUTABLE} --gcov-tool ${CMAKE_CURRENT_LIST_DIR}/cov_tool_wrapper.sh ${LCOV_OPTS})
-
-find_program(GENHTML_EXECUTABLE genhtml REQUIRED)
-set(GENHTML_COMMAND ${GENHTML_EXECUTABLE} --show-details ${LCOV_OPTS})
-
-find_program(GREP_EXECUTABLE grep REQUIRED)
-find_program(AWK_EXECUTABLE awk REQUIRED)
-
-set(LCOV_FILTER_COMMAND ./filter-lcov.py)
-list(APPEND LCOV_FILTER_COMMAND -p "/usr/local/")
-list(APPEND LCOV_FILTER_COMMAND -p "/usr/include/")
-list(APPEND LCOV_FILTER_COMMAND -p "/usr/lib/")
-list(APPEND LCOV_FILTER_COMMAND -p "/usr/lib64/")
-list(APPEND LCOV_FILTER_COMMAND -p "src/leveldb/")
-list(APPEND LCOV_FILTER_COMMAND -p "src/crc32c/")
-list(APPEND LCOV_FILTER_COMMAND -p "src/bench/")
-list(APPEND LCOV_FILTER_COMMAND -p "src/crypto/ctaes")
-list(APPEND LCOV_FILTER_COMMAND -p "src/minisketch")
-list(APPEND LCOV_FILTER_COMMAND -p "src/secp256k1")
-list(APPEND LCOV_FILTER_COMMAND -p "depends")
-
-execute_process(
-  COMMAND ${LCOV_COMMAND} --capture --initial --directory src --output-file baseline.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_FILTER_COMMAND} baseline.info baseline_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
-execute_process(
-  COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --output-file baseline_filtered.info
-  WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
-)
diff --git a/cmake/script/CoverageIncludeAfterTests.cmake.in b/cmake/script/CoverageIncludeAfterTests.cmake.in
new file mode 100644
index 00000000000000..b6b9edcd181a07
--- /dev/null
+++ b/cmake/script/CoverageIncludeAfterTests.cmake.in
@@ -0,0 +1,86 @@
+# Copyright (c) 2024-present The Bitcoin Core developers
+# Distributed under the MIT software license, see the accompanying
+# file COPYING or https://opensource.org/license/mit/.
+
+if("@CMAKE_CXX_COMPILER_ID@" STREQUAL "Clang")
+  # https://clang.llvm.org/docs/SourceBasedCodeCoverage.html#creating-coverage-reports
+
+  # https://llvm.org/docs/CommandGuide/llvm-profdata.html#profdata-merge
+  file(GLOB profraw_files "${CMAKE_CURRENT_LIST_DIR}/coverage/*.profraw")
+  execute_process(
+    COMMAND ${LLVM_PROFDATA_EXECUTABLE} merge ${profraw_files} --output=coverage/all.profdata
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+    COMMAND_ERROR_IS_FATAL ANY
+  )
+  # https://llvm.org/docs/CommandGuide/llvm-cov.html#llvm-cov-show
+  set(object_args "")
+  foreach(object_file src/test/test_bitcoin src/bitcoind src/test/fuzz/fuzz)
+    if(EXISTS ${CMAKE_CURRENT_LIST_DIR}/${object_file})
+      list(APPEND object_args "-object=${CMAKE_CURRENT_LIST_DIR}/${object_file}")
+    endif()
+  endforeach()
+  execute_process(
+    COMMAND ${LLVM_COV_EXECUTABLE} show -format=html -output-dir=coverage/result
+      -Xdemangler=${LLVM_CXXFILT_EXECUTABLE}
+      -instr-profile=coverage/all.profdata ${object_args}
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+    COMMAND_ERROR_IS_FATAL ANY
+  )
+else()
+  # Collect the coverage from the unit tests.
+
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --capture --directory src --test-name test_bitcoin --output-file test_bitcoin.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --zerocounters --directory src
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_FILTER_COMMAND} test_bitcoin.info test_bitcoin_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --add-tracefile test_bitcoin_filtered.info --output-file test_bitcoin_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --add-tracefile test_bitcoin_filtered.info --output-file test_bitcoin_coverage.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${GENHTML_COMMAND} test_bitcoin_coverage.info --output-directory test_bitcoin.coverage
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+
+  # Collect the coverage from the functional tests.
+
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --capture --directory src --test-name functional-tests --output-file functional_test.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --zerocounters --directory src
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_FILTER_COMMAND} functional_test.info functional_test_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --add-tracefile functional_test_filtered.info --output-file functional_test_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --add-tracefile test_bitcoin_filtered.info --add-tracefile functional_test_filtered.info --output-file total_coverage.info
+    COMMAND ${GREP_EXECUTABLE} "%"
+    COMMAND ${AWK_EXECUTABLE} "{ print substr($3,2,50) \"/\" $5 }"
+    OUTPUT_FILE coverage_percent.txt
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${GENHTML_COMMAND} total_coverage.info --output-directory total.coverage
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+endif()
diff --git a/cmake/script/CoverageIncludeBeforeTests.cmake.in b/cmake/script/CoverageIncludeBeforeTests.cmake.in
new file mode 100644
index 00000000000000..181958e0366799
--- /dev/null
+++ b/cmake/script/CoverageIncludeBeforeTests.cmake.in
@@ -0,0 +1,59 @@
+# Copyright (c) 2024-present The Bitcoin Core developers
+# Distributed under the MIT software license, see the accompanying
+# file COPYING or https://opensource.org/license/mit/.
+
+if("@CMAKE_CXX_COMPILER_ID@" STREQUAL "Clang")
+  set(ENV{LLVM_PROFILE_FILE} "${CMAKE_CURRENT_LIST_DIR}/coverage/%m_%p.profraw")
+
+  find_program(LLVM_PROFDATA_EXECUTABLE NAMES "$ENV{LLVM_PROFDATA}" llvm-profdata REQUIRED)
+  find_program(LLVM_COV_EXECUTABLE NAMES "$ENV{LLVM_COV}" llvm-cov REQUIRED)
+  find_program(LLVM_CXXFILT_EXECUTABLE NAMES "$ENV{LLVM_CXXFILT}" llvm-cxxfilt REQUIRED)
+else()
+  find_program(GCOV_EXECUTABLE gcov REQUIRED)
+  set(COV_TOOL "${GCOV_EXECUTABLE}")
+
+  # COV_TOOL is used to replace a placeholder.
+  configure_file(
+    cmake/cov_tool_wrapper.sh.in ${CMAKE_CURRENT_LIST_DIR}/cov_tool_wrapper.sh
+    FILE_PERMISSIONS OWNER_READ OWNER_EXECUTE
+                     GROUP_READ GROUP_EXECUTE
+                     WORLD_READ
+    @ONLY
+  )
+
+  find_program(LCOV_EXECUTABLE lcov REQUIRED)
+  separate_arguments(LCOV_OPTS)
+  set(LCOV_COMMAND ${LCOV_EXECUTABLE} --gcov-tool ${CMAKE_CURRENT_LIST_DIR}/cov_tool_wrapper.sh ${LCOV_OPTS})
+
+  find_program(GENHTML_EXECUTABLE genhtml REQUIRED)
+  set(GENHTML_COMMAND ${GENHTML_EXECUTABLE} --show-details ${LCOV_OPTS})
+
+  find_program(GREP_EXECUTABLE grep REQUIRED)
+  find_program(AWK_EXECUTABLE awk REQUIRED)
+
+  set(LCOV_FILTER_COMMAND ./filter-lcov.py)
+  list(APPEND LCOV_FILTER_COMMAND -p "/usr/local/")
+  list(APPEND LCOV_FILTER_COMMAND -p "/usr/include/")
+  list(APPEND LCOV_FILTER_COMMAND -p "/usr/lib/")
+  list(APPEND LCOV_FILTER_COMMAND -p "/usr/lib64/")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/leveldb/")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/crc32c/")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/bench/")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/crypto/ctaes")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/minisketch")
+  list(APPEND LCOV_FILTER_COMMAND -p "src/secp256k1")
+  list(APPEND LCOV_FILTER_COMMAND -p "depends")
+
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --capture --initial --directory src --output-file baseline.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_FILTER_COMMAND} baseline.info baseline_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+  execute_process(
+    COMMAND ${LCOV_COMMAND} --add-tracefile baseline_filtered.info --output-file baseline_filtered.info
+    WORKING_DIRECTORY ${CMAKE_CURRENT_LIST_DIR}
+  )
+endif()