CorVel Corporation (CRVL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CRVL Revenue Growth
Revenue Breakdown (FY 2025)
CRVL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CRVL Revenue Analysis (2014–2025)
As of May 8, 2026, CorVel Corporation (CRVL) generated trailing twelve-month (TTM) revenue of $941.5 million, reflecting modest growth of +3.4% year-over-year. The most recent quarter (Q3 2026) recorded $235.6 million in revenue, down 1.7% sequentially.
Looking at the longer-term picture, CRVL's 5-year compound annual growth rate (CAGR) stands at +8.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $895.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows CRVL's business is primarily driven by Patient Management Services (65%), and Network Solutions Services (35%). With over half of revenue concentrated in Patient Management Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including MGRC (+3.1% YoY), GBLI (+3.0% YoY), and MCRB, CRVL has underperformed the peer group in terms of revenue growth. Compare CRVL vs MGRC →
CRVL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CRVLCurrent | $941M | +3.4% | +8.6% | 13.5% | |
 MGRC | $944M | +3.1% | +10.5% | 25.9% | |
 GBLI | $450M | +3.0% | -5.1% | 7.4% | |
 MCRB | $789,000 | - | -52.7% | -11910.1% | |
 AMSF | $317M | +7.8% | -1.3% | 18.6% | |
 EHTH | $554M | -4.3% | -1.0% | 12.4% |
CRVL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $895.6M | +12.6% | $209.7M | 23.4% | $120.8M | 13.5% |
| 2024 | $795.3M | +10.7% | $171.7M | 21.6% | $95.1M | 12.0% |
| 2023 | $718.6M | +11.2% | $158.3M | 22.0% | $84.6M | 11.8% |
| 2022 | $646.2M | +16.9% | $152.1M | 23.5% | $84.5M | 13.1% |
| 2021 | $552.6M | -6.7% | $123.6M | 22.4% | $59.2M | 10.7% |
| 2020 | $592.2M | -0.6% | $125.9M | 21.3% | $60.7M | 10.3% |
| 2019 | $595.7M | +6.7% | $124.8M | 21.0% | $61.5M | 10.3% |
| 2018 | $558.4M | +7.6% | $107.3M | 19.2% | $47.9M | 8.6% |
| 2017 | $518.7M | +3.0% | $104.8M | 20.2% | $47.5M | 9.2% |
| 2016 | $503.6M | +2.2% | $104.5M | 20.8% | $46.1M | 9.1% |
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Start ComparisonCRVL — Frequently Asked Questions
Quick answers to the most common questions about buying CRVL stock.
Is CRVL's revenue growth accelerating or slowing?
CRVL revenue growth slowed to +3.4%, below the 5-year CAGR of +8.6%. TTM revenue is $941M. The deceleration marks a shift from historical growth rates.
What is CRVL's long-term revenue growth rate?
CorVel Corporation's 5-year revenue CAGR of +8.6% reflects the variable expansion pattern. Current YoY growth of +3.4% is near this long-term average.
How is CRVL's revenue distributed by segment?
CRVL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.