CorVel Corporation

CorVel Corporation

CRVL
CorVel CorporationUS flagNASDAQ Global Select
57.61
USD
-4.69
- -
2.92BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
7.56
7.94
8.47
8.9
9.89
10.57
10.77
10.27
12.13
13.82
15.48
17.43
- -
18.69
Basic EPS, GAAP
0.54
0.46
0.48
0.51
0.63
0.83
0.86
0.86
1.25
1.28
1.48
1.85
- -
2.15
Free Cash Flow per Basic Share
0.58
0.35
0.58
0.36
0.61
1.12
0.88
1.43
0.7
1.08
1.36
1.78
- -
2.15
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.31
5.88
6.61
7.26
8.12
8.96
10.05
11.13
12.49
14.07
15.73
17.58
- -
19.76
Tangible Book Value per Share
1.33
1.39
1.53
1.68
2.32
2.75
2.73
3.37
3.27
3.16
4.09
5.54
- -
6.96
Basic Weighted Avg Shares
63
62
59
58
56
56
55
54
53
52
51
51
- -
51
Sales/Revenue/Turnover
479
493
504
519
558
596
592
553
646
719
795
896
959
959
Operating Margin (%)
11.8
9.25
9.15
9.17
8.58
10.33
10.25
10.71
13.08
11.77
11.96
13.49
14.93
14.93
Depreciation Expense
16
18
20
21
22
23
23
23
24
25
26
30
32
32
Net Income, GAAP
34
29
29
29
36
47
47
46
66
66
76
95
110
110
Effective Tax Rate (%)
39.14
37.25
38.07
38
25.48
24.08
21.96
21.66
21.42
21.51
19.82
21.24
22.91
22.91
Profit Margin (%)
7.18
5.8
5.66
5.68
6.39
7.84
8
8.39
10.28
9.24
9.59
10.63
11.51
11.51
Working Capital
49
38
43
39
65
99
75
106
94
76
118
183
234
234
LT Debt
- -
- -
- -
- -
- -
- -
85
42
30
24
23
20
21
21
Total Equity
127
128
132
139
171
195
190
220
212
202
248
322
394
394
Return on Invested Capital (%)
29.15
22.49
21.89
21.79
23.28
25.71
19.78
16.64
25.23
27.27
30
30.76
28.95
28.95
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
10.78
8.16
7.53
7.22
8.1
9.69
8.96
8.05
10.51
9.5
9.91
11.12
11.52
11.52

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7
7
7
LT Borrowings
- -
- -
- -
LT Finance Leases
19
19
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
3,976
3,474
2,803

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
434
464
462
Cash, Cash Equivalents & STI
207
230
233
Accounts Receivable, Net
64
64
63
Inventories
- -
- -
- -
Total Current Liabilities
230
250
228
Payables & Accruals
80
97
73
ST Debt
7
7
7
Deferred Revenue
143
146
148

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.24%
13.3%
22.44%
Free Cash Flow
21.88%
14.89%
20.45%
Net Income, GAAP
15.34%
19.77%
15.95%
Sales/Revenue/Turnover
6.85%
11.69%
7.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
190
196
202
207
795
2025
212
224
228
232
896
2026
235
240
236
249
959

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.39
0.33
0.38
1.48
2025
0.42
0.46
0.46
0.51
1.85
2026
0.53
0.54
0.47
0.61
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Michael G. Combs
Full Time Employees
4,870
Sector
Financial Services
Industry
Insurance - Brokers
Address
5128 Apache Plume Road Fort Worth TX United States of America 76109
IPO Date
Jun 28, 1991
Website
corvel.com
Business
CorVel Corporation (Nasdaq: CRVL) provides workers' compensation solutions, third-party administration, and healthcare management services to employers, insurance companies, and government agencies. The company offers a suite of core products and services including claims management software; network solutions for medical cost containment such as bill review, fee schedule management, and preferred provider organization access; utilization management; case management; 24/7 nurse triage; pharmacy services; Medicare solutions; and employer reporting tools; along with Symbeo-certified return-to-work services and AI-driven analytics platforms. Founded in 1987 and headquartered in Fort Worth, Texas, CorVel operates across the United States and serves diverse industries such as transportation, manufacturing, retail, and construction through a network of over 4,500 field offices and virtual capabilities. In recent developments, the company expanded its AI-powered care management platform with new predictive analytics features in 2024 to enhance claims outcomes and operational efficiency; formed strategic partnerships with major insurers for integrated telehealth and behavioral health services; and completed the acquisition of a regional third-party administrator in early 2025 to broaden its Midwest market presence. CorVel continues to invest in cloud-based SaaS expansions and data security enhancements amid growing demand for cost-effective risk management in self-insured markets.

Company News

APIChat
  • CorVel Marks 35 Years on Nasdaq, Signals Next Phase of Long-Term Innovation and Growth

  • CorVel Appoints Sarah Scott CEO and President; Michael G. Combs to Transition to Executive Chair

  • CorVel Q4 Earnings Call Highlights

  • CorVel Corporation (CRVL) Q4 2026 Earnings Call Transcript

  • CorVel Announces Revenues and Earnings

  • CorVel Corporation to Host Live Earnings Release Webcast

  • CorVel Corporation Launches CorVel Connected™, an AI-Powered Claims Intelligence Layer Embedded in CareMC®

  • Evergreen Capital Management LLC Acquires New Shares in CorVel Corp. $CRVL

  • CorVel (NASDAQ:CRVL) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

  • CorVel (NASDAQ:CRVL) Share Price Crosses Below 200-Day Moving Average – What’s Next?

  • CorVel Insider Sale of $130K Comes Amid 50% One-Year Stock Drop. Here's What Investors Should Know

  • Algert Global LLC Purchases 92,077 Shares of CorVel Corp. $CRVL

  • CorVel: Margin-Driven Upside After Growth Reset

  • CorVel Earns Sixth Consecutive Great Place To Work® Certification™, Reflecting Continued Investment in Employees and Innovation

  • CorVel Corporation (CRVL) Q3 2026 Earnings Call Transcript

  • CorVel Announces Revenues and Earnings

  • CorVel Corporation to Host Live Earnings Release Webcast

  • Comparing CorVel (NASDAQ:CRVL) and Wolters Kluwer (OTCMKTS:WTKWY)

  • CorVel (NASDAQ:CRVL) Hits New 12-Month Low – Time to Sell?

  • Pulse Network (OTCMKTS:TPNI) and CorVel (NASDAQ:CRVL) Head to Head Survey