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CorVel Corporation (CRVL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CorVel Corporation (CRVL) stock price & volume — 10-year historical chart
CorVel Corporation (CRVL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CorVel Corporation (CRVL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 3, 2026 | $0.47 | $236M |
| Q4 2025 | Nov 4, 2025 | $0.54 | $240M |
| Q3 2025 | Aug 5, 2025 | $0.52 | $235M |
| Q2 2025 | May 22, 2025 | $0.51 | $232M |
CorVel Corporation (CRVL) competitors in Claims and cost containment services — business model, growth, and fundamentals comparison
CorVel Corporation (CRVL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CorVel Corporation (CRVL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 518.69M | 558.35M | 595.74M | 592.23M | 552.64M | 646.23M | 718.56M | 795.31M | 895.59M | 941.49M |
| Revenue Growth % | 3% | 7.65% | 6.7% | -0.59% | -6.68% | 16.93% | 11.19% | 10.68% | 12.61% | 8.06% |
| Medical Costs & Claims | 413.89M | 451.1M | 470.93M | 466.3M | 429.02M | 494.12M | 560.3M | 623.62M | 685.86M | 713.67M |
| Medical Cost Ratio % | 79.8% | 80.79% | 79.05% | 78.74% | 77.63% | 76.46% | 77.98% | 78.41% | 76.58% | 75.8% |
| Gross Profit | 104.79M▲ 0% | 107.25M▲ 2.3% | 124.81M▲ 16.4% | 125.92M▲ 0.9% | 123.62M▼ 1.8% | 152.11M▲ 23.0% | 158.26M▲ 4.0% | 171.69M▲ 8.5% | 209.73M▲ 22.2% | 227.82M▲ 0% |
| Gross Margin % | 20.2% | 19.21% | 20.95% | 21.26% | 22.37% | 23.54% | 22.02% | 21.59% | 23.42% | 24.2% |
| Gross Profit Growth % | 0.24% | 2.35% | 16.37% | 0.89% | -1.82% | 23.05% | 4.04% | 8.49% | 22.15% | - |
| Operating Expenses | 57.24M | 59.35M | 63.3M | 65.21M | 64.45M | 67.6M | 73.7M | 76.59M | 88.9M | 91.09M |
| OpEx / Revenue % | 11.04% | 10.63% | 10.62% | 11.01% | 11.66% | 10.46% | 10.26% | 9.63% | 9.93% | 9.67% |
| Depreciation & Amortization | 20.97M | 21.77M | 22.98M | 22.52M | 23.44M | 23.92M | 25.12M | 26.25M | 29.54M | 30.88M |
| Combined Ratio % | 90.83% | 91.42% | 89.67% | 89.75% | 89.29% | 86.92% | 88.23% | 88.04% | 86.51% | 85.48% |
| Operating Income | 47.55M▲ 0% | 47.9M▲ 0.7% | 61.51M▲ 28.4% | 60.71M▼ 1.3% | 59.17M▼ 2.5% | 84.51M▲ 42.8% | 84.55M▲ 0.0% | 95.1M▲ 12.5% | 120.82M▲ 27.0% | 136.74M▲ 0% |
| Operating Margin % | 9.17% | 8.58% | 10.33% | 10.25% | 10.71% | 13.08% | 11.77% | 11.96% | 13.49% | 14.52% |
| Operating Income Growth % | 3.23% | 0.74% | 28.41% | -1.3% | -2.53% | 42.82% | 0.05% | 12.47% | 27.05% | - |
| EBITDA | 68.52M | 69.68M | 84.5M | 83.23M | 82.61M | 108.43M | 109.67M | 121.35M | 150.36M | 167.61M |
| EBITDA Margin % | 13.21% | 12.48% | 14.18% | 14.05% | 14.95% | 16.78% | 15.26% | 15.26% | 16.79% | 17.8% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 47.55M▲ 0% | 47.9M▲ 0.7% | 61.51M▲ 28.4% | 60.71M▼ 1.3% | 59.17M▼ 2.5% | 84.51M▲ 42.8% | 84.55M▲ 0.0% | 95.1M▲ 12.5% | 120.82M▲ 27.0% | 136.74M▲ 0% |
| Pretax Margin % | 9.17% | 8.58% | 10.33% | 10.25% | 10.71% | 13.08% | 11.77% | 11.96% | 13.49% | 14.52% |
| Income Tax | 18.07M | 12.21M | 14.81M | 13.33M | 12.82M | 18.1M | 18.19M | 18.85M | 25.66M | 31M |
| Effective Tax Rate % | 38% | 25.48% | 24.08% | 21.96% | 21.66% | 21.42% | 21.51% | 19.82% | 21.24% | 22.67% |
| Net Income | 29.48M▲ 0% | 35.7M▲ 21.1% | 46.7M▲ 30.8% | 47.38M▲ 1.4% | 46.36M▼ 2.2% | 66.41M▲ 43.3% | 66.36M▼ 0.1% | 76.25M▲ 14.9% | 95.17M▲ 24.8% | 105.73M▲ 0% |
| Net Margin % | 5.68% | 6.39% | 7.84% | 8% | 8.39% | 10.28% | 9.24% | 9.59% | 10.63% | 11.23% |
| Net Income Growth % | 3.34% | 21.09% | 30.84% | 1.44% | -2.16% | 43.26% | -0.07% | 14.9% | 24.8% | 19.88% |
| EPS (Diluted) | 1.51▲ 0% | 1.87▲ 23.8% | 2.46▲ 31.6% | 2.56▲ 4.1% | 2.50▼ 2.3% | 1.22▼ 51.2% | 1.26▲ 3.3% | 1.47▲ 16.7% | 1.83▲ 24.5% | 2.05▲ 0% |
| EPS Growth % | 5.59% | 23.84% | 31.55% | 4.06% | -2.34% | -51.2% | 3.28% | 16.67% | 24.49% | 20% |
| EPS (Basic) | 0.51 | 0.63 | 0.83 | 0.86 | 0.86 | 1.25 | 1.28 | 1.48 | 1.85 | - |
| Diluted Shares Outstanding | 19.57M | 19.04M | 19.01M | 18.54M | 18.54M | 54.38M | 52.78M | 52.04M | 52.04M | 51.58M |
CorVel Corporation (CRVL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 235.38M | 274M | 318.02M | 416.26M | 424.76M | 415.25M | 393.92M | 454.68M | 545.98M | 644.78M |
| Asset Growth % | 6.86% | 16.41% | 16.06% | 30.89% | 2.04% | -2.24% | -5.13% | 15.42% | 20.08% | 80.6% |
| Total Investment Assets | 1.97M | 1.08M | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.97M | 1.08M | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 128.87M | 163.32M | 215.49M | 208.99M | 268.94M | 264.99M | 243.77M | 302.23M | 386.69M | 463.92M |
| Cash & Equivalents | 28.61M | 55.77M | 91.71M | 83.22M | 139.72M | 97.5M | 71.33M | 105.56M | 170.58M | 230.03M |
| Receivables | 62.84M | 64.94M | 71.34M | 65.77M | 64.72M | 82.59M | 81.03M | 97.11M | 104.13M | 413.12M |
| Other Current Assets | 32.47M | 35.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115.43M |
| Goodwill & Intangibles | 40.66M | 40.23M | 39.79M | 39.35M | 38.92M | 38.48M | 38.06M | 37.63M | 37.25M | 158.92M |
| Goodwill | 36.81M | 36.81M | 36.81M | 36.81M | 36.81M | 36.81M | 36.81M | 36.81M | 36.81M | 47.29M |
| Intangible Assets | 3.85M | 3.42M | 2.98M | 2.54M | 2.1M | 1.67M | 1.24M | 821K | 438K | 0 |
| PP&E (Net) | 63.04M | 69.36M | 61.98M | 166.57M | 115.94M | 111.29M | 110.49M | 109.95M | 112.88M | 133.57M |
| Other Assets | -14.43M | -10.91M | -11.57M | 1.35M | 345K | 481K | 1.38M | 1.32M | 454K | 0 |
| Total Liabilities | 96.74M | 102.83M | 123.21M | 226.55M | 204.36M | 202.85M | 191.75M | 207.03M | 223.99M | 269.06M |
| Total Debt | 0 | 0 | 0 | 98.32M | 54.66M | 43.14M | 33.76M | 31.4M | 28.08M | 37.23M |
| Net Debt | -28.61M | -55.77M | -91.71M | 15.1M | -85.05M | -54.36M | -37.57M | -74.17M | -142.5M | -192.8M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.62M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 90.05M | 97.99M | 116.92M | 133.69M | 162.46M | 171.37M | 167.89M | 184.5M | 204.04M | 250.45M |
| Accounts Payable | 13.87M | 11.79M | 9.93M | 15.14M | 12.35M | 14.08M | 15.06M | 16.41M | 15.42M | 30M |
| Deferred Revenue | 42.57M | 50.81M | 62.17M | 66.64M | 79.01M | 95.58M | 107M | 118.1M | 132.28M | 0 |
| Other Current Liabilities | 0 | 1.67M | -4.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.62M |
| Total Equity | 138.65M▲ 0% | 171.18M▲ 23.5% | 194.81M▲ 13.8% | 189.71M▼ 2.6% | 220.4M▲ 16.2% | 212.4M▼ 3.6% | 202.18M▼ 4.8% | 247.65M▲ 22.5% | 321.99M▲ 30.0% | 375.72M▲ 0% |
| Equity Growth % | 5.08% | 23.46% | 13.8% | -2.61% | 16.18% | -3.63% | -4.81% | 22.49% | 30.02% | 113.01% |
| Shareholders Equity | 138.65M | 171.18M | 194.81M | 189.71M | 220.4M | 212.4M | 202.18M | 247.65M | 321.99M | 375.72M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 422.76M | 458.46M | 505.16M | 552.54M | 598.89M | 665.3M | 731.67M | 807.92M | 903.09M | 982.4M |
| Common Stock | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 5K | 260.84M |
| Accumulated OCI | -143.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Equity (ROE) | 21.79% | 23.04% | 25.52% | 24.64% | 22.61% | 30.69% | 32.02% | 33.9% | 33.41% | 28.14% |
| Return on Assets (ROA) | 12.94% | 14.01% | 15.78% | 12.9% | 11.02% | 15.81% | 16.4% | 17.97% | 19.02% | 16.4% |
| Equity / Assets | 58.9% | 62.47% | 61.26% | 45.58% | 51.89% | 51.15% | 51.32% | 54.47% | 58.97% | 58.27% |
| Debt / Equity | - | - | - | 0.52x | 0.25x | 0.20x | 0.17x | 0.13x | 0.09x | 0.09x |
| Book Value per Share | 7.08 | 8.99 | 10.25 | 10.23 | 11.89 | 3.91 | 3.83 | 4.76 | 6.19 | 7.28 |
| Tangible BV per Share | 5.01 | 6.88 | 8.16 | 8.11 | 9.79 | 3.20 | 3.11 | 4.04 | 5.47 | 6.37 |
CorVel Corporation (CRVL) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 52.05M | 62.15M | 78.64M | 80.83M | 94.38M | 67.22M | 82.29M | 99.24M | 127.31M | 127.31M |
| Operating CF Growth % | 1.44% | 19.4% | 26.53% | 2.78% | 16.77% | -28.77% | 22.41% | 20.6% | 28.29% | -1.44% |
| Operating CF / Revenue % | 10.04% | 11.13% | 13.2% | 13.65% | 17.08% | 10.4% | 11.45% | 12.48% | 14.22% | 13.52% |
| Net Income | 29.48M | 35.7M | 46.7M | 47.38M | 46.36M | 66.41M | 66.36M | 76.25M | 95.17M | 105.73M |
| Depreciation & Amortization | 20.95M | 21.77M | 22.98M | 22.52M | 23.44M | 23.92M | 25.12M | 26.25M | 29.54M | 23.03M |
| Stock-Based Compensation | 2.43M | 3.16M | 4.35M | 4.49M | 4.98M | 5.2M | 5.56M | 4.98M | 5.71M | 4.15M |
| Deferred Taxes | -1.22M | -874K | 1.46M | 1.47M | -8.38M | 2.3M | -1.91M | -3.32M | -5.16M | -4.77M |
| Other Non-Cash Items | 3.07M | 3.76M | 2.18M | 1.75M | 2.61M | 280K | 1.63M | 2.12M | 3.89M | -21.2M |
| Working Capital Changes | -2.65M | -1.37M | 966K | 3.22M | 25.37M | -30.88M | -14.47M | -7.05M | -1.83M | -3.99M |
| Cash from Investing | -31.01M | -27.69M | -15.27M | -32.36M | -17.24M | -29.82M | -26.32M | -29.24M | -35.76M | -33.88M |
| Capital Expenditures | -31.04M | -27.69M | -15.27M | -32.36M | -17.24M | -29.82M | -26.32M | -29.24M | -35.76M | -33.88M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 34K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -25.21M | -7.3M | -27.42M | -56.96M | -20.64M | -79.61M | -82.14M | -35.76M | -26.54M | -24.57M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -28M | -11.19M | -35.17M | -65.61M | -32.67M | -90.08M | -93.67M | -45.71M | -37.6M | -31.45M |
| Stock Issued | 2.79M | 3.88M | 7.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.79M | 3.88M | 7.74M | 8.65M | 12.03M | 10.47M | 11.53M | 9.95M | 11.07M | 6.88M |
| Net Change in Cash | -4.17M▲ 0% | 27.16M▲ 751.6% | 35.94M▲ 32.3% | -8.49M▼ 123.6% | 56.49M▲ 765.4% | -42.21M▼ 174.7% | -26.18M▲ 38.0% | 34.23M▲ 230.8% | 65.02M▲ 89.9% | -162.94M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 32.78M | 28.61M | 55.77M | 91.71M | 83.22M | 139.72M | 97.5M | 71.33M | 105.56M | 207.45M |
| Cash at End | 28.61M | 55.77M | 91.71M | 83.22M | 139.72M | 97.5M | 71.33M | 105.56M | 170.58M | 0 |
| Free Cash Flow | 21.01M▲ 0% | 34.46M▲ 64.0% | 63.37M▲ 83.9% | 48.47M▼ 23.5% | 77.14M▲ 59.2% | 37.4M▼ 51.5% | 55.97M▲ 49.6% | 70M▲ 25.1% | 91.56M▲ 30.8% | 69.08M▲ 0% |
| FCF Growth % | -39.2% | 64.02% | 83.86% | -23.51% | 59.15% | -51.51% | 49.64% | 25.07% | 30.81% | -16.27% |
| FCF Margin % | 4.05% | 6.17% | 10.64% | 8.18% | 13.96% | 5.79% | 7.79% | 8.8% | 10.22% | 7.34% |
| FCF per Share | 1.07 | 1.81 | 3.33 | 2.61 | 4.16 | 0.69 | 1.06 | 1.35 | 1.76 | 1.76 |
CorVel Corporation (CRVL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 90.83% | 91.42% | 89.67% | 89.75% | 89.29% | 86.92% | 88.23% | 88.04% | 86.51% | 85.48% |
| Medical Cost Ratio | 79.8% | 80.79% | 79.05% | 78.74% | 77.63% | 76.46% | 77.98% | 78.41% | 76.58% | 75.8% |
| Return on Equity (ROE) | 21.79% | 23.04% | 25.52% | 24.64% | 22.61% | 30.69% | 32.02% | 33.9% | 33.41% | 28.14% |
| Return on Assets (ROA) | 12.94% | 14.01% | 15.78% | 12.9% | 11.02% | 15.81% | 16.4% | 17.97% | 19.02% | 16.4% |
| Equity / Assets | 58.9% | 62.47% | 61.26% | 45.58% | 51.89% | 51.15% | 51.32% | 54.47% | 58.97% | 58.27% |
| Book Value / Share | 7.08 | 8.99 | 10.25 | 10.23 | 11.89 | 3.91 | 3.83 | 4.76 | 6.19 | 7.28 |
| Debt / Equity | - | - | - | 0.52x | 0.25x | 0.20x | 0.17x | 0.13x | 0.09x | 0.09x |
| Revenue Growth | 3% | 7.65% | 6.7% | -0.59% | -6.68% | 16.93% | 11.19% | 10.68% | 12.61% | 8.06% |
CorVel Corporation (CRVL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 3, 2026·SEC
Nov 4, 2025·SEC
Sep 12, 2025·SEC
CorVel Corporation (CRVL) stock FAQ — growth, dividends, profitability & financials explained
CorVel Corporation (CRVL) grew revenue by 12.6% over the past year. This is steady growth.
Yes, CorVel Corporation (CRVL) is profitable, generating $105.7M in net income for fiscal year 2025 (10.6% net margin).
CorVel Corporation (CRVL) has a return on equity (ROE) of 33.4%. This is excellent, indicating efficient use of shareholder capital.
CorVel Corporation (CRVL) has a combined ratio of 86.5%. A ratio below 100% indicates underwriting profitability.
CorVel Corporation (CRVL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates