CorVel Corporation (CRVL) Financial Ratios
30 years of historical data (1997–2026) · Financial Services · Insurance - Brokers
EV/EBITDA
↓
19.24
↓-36% vs avg
5yr avg: 30.17
30Y Low3.4·High37.8
P/FCF
↓
0.03
↓-100% vs avg
5yr avg: 54.06
30Y Low0.0·High81.6
P/B Ratio
↓
7.66
↓-49% vs avg
5yr avg: 14.92
30Y Low1.8·High18.4
ROE
↑
30.8%
-4% vs avg
5yr avg: 32.2%
30Y Low13%·High34%
Debt/EBITDA
↓
0.14
↓-44% vs avg
5yr avg: 0.26
30Y Low0.1·High1.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRVL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CorVel Corporation trades at 27.3x earnings, 44% below its 5-year average of 48.5x, sitting at the 87th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 101%. On a free-cash-flow basis, the stock trades at 0.0x P/FCF, 100% below the 5-year average of 54.1x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $2.8B | $5.8B | $4.6B | $3.3B | $3.1B | $634M | $337M | $413M | $321M | $284M |
| Enterprise Value | $2.8B | $2.6B | $5.7B | $4.5B | $3.3B | $3.0B | $549M | $352M | $322M | $265M | $255M |
| P/E Ratio → | 27.35 | 25.54 | 61.19 | 59.63 | 50.34 | 46.02 | 13.68 | 7.10 | 8.84 | 9.01 | 9.60 |
| P/S Ratio | 3.10 | 2.94 | 6.51 | 5.74 | 4.66 | 4.73 | 1.15 | 0.57 | 0.69 | 0.57 | 0.55 |
| P/B Ratio | 7.66 | 7.16 | 18.10 | 18.42 | 16.56 | 14.38 | 2.88 | 1.78 | 2.12 | 1.87 | 2.05 |
| P/FCF | 0.03 | 0.03 | 63.64 | 65.17 | 59.81 | 81.64 | 8.22 | 6.95 | 6.52 | 9.31 | 13.51 |
| P/OCF | 0.02 | 0.02 | 45.77 | 45.96 | 40.68 | 45.42 | 6.72 | 4.17 | 5.26 | 5.16 | 5.45 |
P/E links to full P/E history page with 30-year chart
CRVL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CorVel Corporation's enterprise value stands at 19.2x EBITDA, 36% below its 5-year average of 30.2x. The Financial Services sector median is 11.4x, placing the stock at a 69% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.72 | 6.35 | 5.64 | 4.61 | 4.64 | 0.99 | 0.59 | 0.54 | 0.47 | 0.49 |
| EV / EBITDA | 19.24 | 18.23 | 37.80 | 36.98 | 30.18 | 27.66 | 6.64 | 4.23 | 3.81 | 3.80 | 3.72 |
| EV / EBIT | 19.24 | 18.23 | 47.05 | 47.18 | 39.15 | 35.49 | 9.28 | 5.80 | 5.23 | 5.53 | 5.37 |
| EV / FCF | — | 0.02 | 62.08 | 64.11 | 59.14 | 80.18 | 7.12 | 7.26 | 5.08 | 7.69 | 12.14 |
CRVL Profitability
Margins and return-on-capital ratios measuring operating efficiency
CorVel Corporation earns an operating margin of 14.9%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 12.0% to 14.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.8% is exceptionally high — well above the sector median of 9.0%. ROIC of 59.4% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.3% | 24.3% | 23.4% | 21.6% | 22.0% | 23.5% | 22.4% | 21.3% | 21.0% | 19.2% | 20.2% |
| Operating Margin | 14.9% | 14.9% | 13.5% | 12.0% | 11.8% | 13.1% | 10.7% | 10.3% | 10.3% | 8.6% | 9.2% |
| Net Profit Margin | 11.5% | 11.5% | 10.6% | 9.6% | 9.2% | 10.3% | 8.4% | 8.0% | 7.8% | 6.4% | 5.7% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.8% | 30.8% | 33.4% | 33.9% | 32.0% | 30.7% | 22.6% | 24.6% | 25.5% | 23.0% | 21.8% |
| ROA | 18.6% | 18.6% | 19.0% | 18.0% | 16.4% | 15.8% | 11.0% | 12.9% | 15.8% | 14.0% | 12.9% |
| ROIC | 59.4% | 59.4% | 51.3% | 42.2% | 39.3% | 43.2% | 26.1% | 29.6% | 42.2% | 31.9% | 34.1% |
| ROCE | 37.8% | 37.8% | 39.5% | 38.3% | 36.0% | 33.4% | 21.7% | 25.1% | 32.6% | 29.8% | 33.3% |
CRVL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CorVel Corporation carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 4.3x). The company holds a net cash position — cash of $233M exceeds total debt of $21M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.09 | 0.13 | 0.17 | 0.20 | 0.25 | 0.52 | — | — | — |
| Debt / EBITDA | 0.14 | 0.14 | 0.19 | 0.26 | 0.31 | 0.40 | 0.66 | 1.18 | — | — | — |
| Net Debt / Equity | — | -0.54 | -0.44 | -0.30 | -0.19 | -0.26 | -0.39 | 0.08 | -0.47 | -0.33 | -0.21 |
| Net Debt / EBITDA | -1.48 | -1.48 | -0.95 | -0.61 | -0.34 | -0.50 | -1.03 | 0.18 | -1.09 | -0.80 | -0.42 |
| Debt / FCF | — | -0.00 | -1.56 | -1.06 | -0.67 | -1.45 | -1.10 | 0.31 | -1.45 | -1.62 | -1.36 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($233M) exceeds total debt ($21M)
CRVL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
CorVel Corporation's current ratio of 2.03x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.64x to 2.03x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.03 | 2.03 | 1.90 | 1.64 | 1.45 | 1.55 | 1.66 | 1.56 | 1.84 | 1.67 | 1.43 |
| Quick Ratio | 2.03 | 2.03 | 1.90 | 1.64 | 1.45 | 1.55 | 1.66 | 1.56 | 1.84 | 1.67 | 1.43 |
| Cash Ratio | 1.02 | 1.02 | 0.84 | 0.57 | 0.42 | 0.57 | 0.86 | 0.62 | 0.78 | 0.57 | 0.32 |
| Asset Turnover | — | 1.49 | 1.64 | 1.75 | 1.82 | 1.56 | 1.30 | 1.42 | 1.87 | 2.04 | 2.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CRVL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CorVel Corporation returns 1.9% to shareholders annually primarily through share buybacks. The earnings yield of 3.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 3.9% | 1.6% | 1.7% | 2.0% | 2.2% | 7.3% | 14.1% | 11.3% | 11.1% | 10.4% |
| FCF Yield | 100.0% | 3908.9% | 1.6% | 1.5% | 1.7% | 1.2% | 12.2% | 14.4% | 15.3% | 10.7% | 7.4% |
| Buyback Yield | 1.9% | 2.0% | 0.6% | 1.0% | 2.8% | 3.0% | 5.2% | 19.5% | 8.5% | 3.5% | 9.9% |
| Total Shareholder Yield | 1.9% | 2.0% | 0.6% | 1.0% | 2.8% | 3.0% | 5.2% | 19.5% | 8.5% | 3.5% | 9.9% |
| Shares Outstanding | — | $52M | $52M | $52M | $53M | $54M | $19M | $19M | $19M | $19M | $20M |
Peer Comparison
Compare CRVL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CRVLYou | $3B | 27.3 | 19.2 | 0.0 | 24.3% | 14.9% | 30.8% | 59.4% | 0.1 |
 MGRC | $3B | 18.6 | 9.8 | 13.7 | 46.1% | 25.9% | 13.2% | 10.5% | 1.5 |
 GBLI | $364M | 14.5 | 7.9 | 40.1 | 49.3% | 7.4% | 3.6% | 3.8% | 0.2 |
 MCRB | $64M | 10.3 | — | 73.6 | -423.8% | -11910.1% | 19.6% | -90.3% | — |
 AMSF | $589M | 12.7 | 8.8 | 66.0 | 46.4% | 18.6% | 18.5% | 21.9% | 0.0 |
 EHTH | $51M | -4.9 | 1.4 | — | 97.5% | 12.4% | 5.1% | 6.1% | 1.6 |
 PINC | $2B | 128.5 | 21.3 | 7.3 | 73.4% | 0.1% | 1.2% | 0.0% | 2.4 |
 MCK | $90B | 19.6 | 13.2 | 15.8 | 3.6% | 1.6% | — | 254.1% | 1.2 |
 TDOC | $1B | -7.1 | 17.1 | 5.1 | 69.5% | -10.4% | -13.9% | -11.5% | 10.4 |
 UNH | $364B | 30.3 | 17.9 | 22.6 | 18.5% | 4.2% | 11.8% | 9.2% | 3.4 |
 CI | $74B | 12.6 | 8.3 | 8.8 | 9.5% | 3.3% | 14.3% | 10.4% | 2.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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CRVL — Frequently Asked Questions
Quick answers to the most common questions about buying CRVL stock.
What is CorVel Corporation's P/E ratio?
CorVel Corporation's current P/E ratio is 27.3x. The historical average is 22.2x. This places it at the 87th percentile of its historical range.
What is CorVel Corporation's EV/EBITDA?
CorVel Corporation's current EV/EBITDA is 19.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
What is CorVel Corporation's ROE?
CorVel Corporation's return on equity (ROE) is 30.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 24.4%.
Is CRVL stock overvalued?
Based on historical data, CorVel Corporation is trading at a P/E of 27.3x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CorVel Corporation's profit margins?
CorVel Corporation has 24.3% gross margin and 14.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does CorVel Corporation have?
CorVel Corporation's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.