Laboratory Corporation of America Holdings (LH) — Capital Reinvestment Ratio
Laboratory Corporation of America Holdings (LH) has a Capital Reinvestment Ratio of 0.63x as of March 2026, meaning it reinvests 1% of its operating cash flow ($191.50 Million) in capital expenditures ($121.00 Million). Check Laboratory Corporation of America Holdin (LH) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Laboratory Corporation of America Holdings Capital Reinvestment Ratio (1989–2025)
This chart tracks Laboratory Corporation of America Holdings's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see Laboratory Corporation of America Holdin operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Laboratory Corporation of America Holdings (1989–2025)
Year-by-year Capital Reinvestment Ratio for Laboratory Corporation of America Holdings from 1989 to 2025. See LH FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.26x | $1.64 Billion | $434.50 Million | ▼ -14.3% |
| 2024 | 0.31x | $1.59 Billion | $489.90 Million | ▼ -9.6% |
| 2023 | 0.34x | $1.33 Billion | $453.60 Million | ▲ +38.7% |
| 2022 | 0.25x | $1.96 Billion | $481.90 Million | ▲ +66.4% |
| 2021 | 0.15x | $3.11 Billion | $460.40 Million | ▼ -17.2% |
| 2020 | 0.18x | $2.14 Billion | $381.70 Million | ▼ -35.5% |
| 2019 | 0.28x | $1.44 Billion | $400.20 Million | ▼ -4.8% |
| 2018 | 0.29x | $1.31 Billion | $379.80 Million | ▲ +34.6% |
| 2017 | 0.22x | $1.46 Billion | $315.40 Million | ▼ -8.9% |
| 2016 | 0.24x | $1.18 Billion | $278.90 Million | ▼ -8.9% |
| 2015 | 0.26x | $982.40 Million | $255.80 Million | ▼ -5.4% |
| 2014 | 0.28x | $739.00 Million | $203.50 Million | ▲ +11.5% |
| 2013 | 0.25x | $818.70 Million | $202.20 Million | ▲ +17.9% |
| 2012 | 0.21x | $841.40 Million | $176.30 Million | ▲ +23.0% |
| 2011 | 0.17x | $855.60 Million | $145.70 Million | ▲ +18.9% |
| 2010 | 0.14x | $883.60 Million | $126.50 Million | ▲ +7.6% |
| 2009 | 0.13x | $862.40 Million | $114.70 Million | ▼ -33.7% |
| 2008 | 0.20x | $780.90 Million | $156.70 Million | ▼ -0.6% |
| 2007 | 0.20x | $709.70 Million | $143.30 Million | ▲ +9.6% |
| 2006 | 0.18x | $632.30 Million | $116.50 Million | ▲ +13.0% |
| 2005 | 0.16x | $574.20 Million | $93.60 Million | ▼ -7.7% |
| 2004 | 0.18x | $538.10 Million | $95.00 Million | ▲ +19.2% |
| 2003 | 0.15x | $564.30 Million | $83.60 Million | ▼ -11.3% |
| 2002 | 0.17x | $444.90 Million | $74.30 Million | ▼ -40.1% |
| 2001 | 0.28x | $316.00 Million | $88.10 Million | ▲ +23.9% |
| 2000 | 0.22x | $246.70 Million | $55.50 Million | ▼ -41.5% |
| 1999 | 0.38x | $180.50 Million | $69.40 Million | ▼ -41.6% |
| 1998 | 0.66x | $125.10 Million | $82.40 Million | ▲ +175.7% |
| 1997 | 0.24x | $144.40 Million | $34.50 Million | ▼ -85.1% |
| 1995 | 1.60x | $47.00 Million | $75.40 Million | ▼ -51.8% |
| 1994 | 3.33x | $14.70 Million | $48.90 Million | ▲ +466.3% |
| 1993 | 0.59x | $57.20 Million | $33.60 Million | ▲ +59.2% |
| 1992 | 0.37x | $100.80 Million | $37.20 Million | ▲ +85.9% |
| 1991 | 0.20x | $134.00 Million | $26.60 Million | ▲ +49.7% |
| 1990 | 0.13x | $112.40 Million | $14.90 Million | ▼ -59.8% |
| 1989 | 0.33x | $71.80 Million | $23.70 Million | — |