Covenant Logistics Group, Inc. (CVLG) — Capital Reinvestment Ratio
Covenant Logistics Group, Inc. (CVLG) has a Capital Reinvestment Ratio of 0.39x as of March 2026, meaning it reinvests 0% of its operating cash flow ($28.96 Million) in capital expenditures ($11.37 Million). See CVLG free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Covenant Logistics Group, Inc. Capital Reinvestment Ratio (1994–2025)
This chart tracks Covenant Logistics Group, Inc.'s Capital Reinvestment Ratio across 32 annual periods.
Annual Capital Reinvestment Ratio for Covenant Logistics Group, Inc. (1994–2025)
Year-by-year Capital Reinvestment Ratio for Covenant Logistics Group, Inc. from 1994 to 2025. For live market cap and broader valuation context, see Covenant Logistics Group, Inc. (CVLG) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.30x | $113.65 Million | $147.57 Million | ▲ +4.3% |
| 2024 | 1.24x | $122.89 Million | $152.96 Million | ▼ -51.5% |
| 2023 | 2.56x | $84.84 Million | $217.61 Million | ▲ +306.5% |
| 2022 | 0.63x | $159.23 Million | $100.47 Million | ▲ +30.9% |
| 2021 | 0.48x | $73.22 Million | $35.28 Million | ▼ -67.7% |
| 2020 | 1.49x | $63.04 Million | $94.05 Million | ▼ -30.9% |
| 2019 | 2.16x | $64.03 Million | $138.27 Million | ▲ +258.7% |
| 2018 | 0.60x | $124.80 Million | $75.14 Million | ▼ -55.0% |
| 2017 | 1.34x | $82.85 Million | $110.80 Million | ▲ +21.4% |
| 2016 | 1.10x | $102.43 Million | $112.79 Million | ▼ -48.3% |
| 2015 | 2.13x | $85.48 Million | $181.96 Million | ▼ -4.1% |
| 2014 | 2.22x | $73.74 Million | $163.68 Million | ▼ -33.9% |
| 2013 | 3.36x | $40.45 Million | $135.90 Million | ▲ +343.1% |
| 2012 | 0.76x | $55.10 Million | $41.79 Million | ▼ -78.8% |
| 2011 | 3.58x | $32.06 Million | $114.80 Million | ▲ +84.7% |
| 2010 | 1.94x | $70.84 Million | $137.35 Million | ▼ -47.0% |
| 2009 | 3.66x | $30.90 Million | $113.06 Million | ▲ +65.7% |
| 2008 | 2.21x | $40.31 Million | $89.02 Million | ▲ +15.9% |
| 2007 | 1.91x | $33.72 Million | $64.26 Million | ▼ -29.0% |
| 2006 | 2.68x | $60.66 Million | $162.75 Million | ▼ -37.6% |
| 2005 | 4.30x | $25.57 Million | $109.92 Million | ▲ +132.3% |
| 2004 | 1.85x | $44.11 Million | $81.61 Million | ▼ -6.4% |
| 2003 | 1.98x | $47.72 Million | $94.36 Million | ▲ +87.8% |
| 2002 | 1.05x | $67.17 Million | $70.72 Million | ▲ +40.0% |
| 2001 | 0.75x | $73.76 Million | $55.47 Million | ▼ -48.8% |
| 2000 | 1.47x | $48.66 Million | $71.43 Million | ▼ -35.8% |
| 1999 | 2.29x | $44.48 Million | $101.65 Million | ▲ +13.2% |
| 1998 | 2.02x | $39.90 Million | $80.52 Million | ▲ +65.2% |
| 1997 | 1.22x | $45.25 Million | $55.28 Million | ▼ -2.7% |
| 1996 | 1.26x | $39.13 Million | $49.14 Million | ▼ -84.2% |
| 1995 | 7.96x | $9.10 Million | $72.40 Million | ▲ +128.6% |
| 1994 | 3.48x | $15.40 Million | $53.60 Million | — |