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Stock research / United States / CRVL · Insurance Agents, Brokers & Service · Nasdaq

Corvel Corp. (CRVL)

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Corvel Corp. (CRVL) reported revenue of $260 million for Q1 FY2027, the quarter ended 30 June 2026, up 10.7% on the same quarter a year earlier. Net income was $32 million, up 18.3% on the year, and diluted earnings per share $0.63. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$260 millionup 10.7%
Net income$32 millionup 18.3%
Diluted EPS$0.63
QuarterQ1 FY2027ended 30 June 2026

Corvel (CRVL) in brief

Corvel (CRVL) reported revenue of $959 million for fiscal 2026, the year ended 31 March 2026, up 7.0% on the year before.
Read moreNet income was $110 million and diluted earnings per share $2.14. Revenue was $896 million in fiscal 2025, $795 million in fiscal 2024, $719 million in fiscal 2023 and $646 million in fiscal 2022. Net income in the same years was $95 million, $76 million, $66 million and $66 million. Over the twelve months to 30 June 2026, Corvel reported revenue of $984 million and net income of $115 million. Revenue grew 11.6% a year, compounded, over the five years to fiscal 2026. Corvel had 51 million shares outstanding at the latest filed count. At the close of 9 October 2026 the market cap of Corvel was $3.9 billion, 34.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE28.2%
ROCEn/a
Operating marginn/a
Net margin11.7%
FCF margin11.6%
Interest covern/a
Debt to equityn/a
Cash conversion1.31
Share count, 1 year-1.4%
Sales CAGR, 3 years10.1%
Profit CAGR, 3 years18.5%
EPS, TTM$2.25

At the close of 9 October 2026

Price$77.17
Market cap$3.9 billion
Stock P/E34.30
Price to book9.55
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales3.97
52-week high$77.55
52-week low$46.00
Price, 1 year5.5%
Price CAGR, 3 years4.1%
Price CAGR, 5 years6.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Nothing here is a valuation or a view.
CRVLgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CRVL

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change; 1 regulation FD disclosure
Planned insider sales15 Form 144 notices in twelve months, $20.5 million; latest 14 September 2026
Options tapeput/call 1.8 by open interest at the 9 October 2026 close; the straddle prices a 10.0% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Renaissance Technologies; 2 Schedule 13D or 13G filings in twelve months
Insider trading26 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.2 million shares short, 5.38 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue196202207212224228232235240236249260
Cost of revenue151160164164174175174178181181186192
Gross profit44.342.243.448.250.752.958.056.858.254.963.067.8
Gross margin23%21%21%23%23%23%25%24%24%23%25%26%
Pre-tax income24.722.422.628.028.730.833.335.335.932.239.743.3
Tax rate19%24%14%23%18%23%21%23%22%25%22%26%
Net income19.917.119.521.623.423.826.427.227.924.231.032.2
Net margin10%8%9%10%10%10%11%12%12%10%12%12%
Diluted EPS$0.38$0.33$0.37$0.42$0.45$0.46$0.51$0.52$0.54$0.47$0.61$0.63
Operating cash flow18.029.415.240.422.341.622.955.025.046.129.549.9
Capital expenditure7.26.910.07.79.99.58.715.59.811.09.26.8
Free cash flow10.822.55.232.812.432.114.339.515.335.220.343.1
Buybacks9.49.39.29.59.69.59.09.612.813.620.222.0
Shares outstanding51m51m51m51m51m51m51m51m51m51m51m51m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Revenue519558596592553646719795896959984
Cost of revenue414451471466429494560624686726740
Gross profit105107125126124152158172210233244
Gross margin20.2%19.2%21.0%21.3%22.4%23.5%22.0%21.6%23.4%24.3%24.8%
Pre-tax income47.547.961.560.759.284.584.695.1121143151
Income tax18.112.214.813.312.818.118.218.825.732.835.9
Effective tax rate38.0%25.5%24.1%22.0%21.7%21.4%21.5%19.8%21.2%22.9%23.7%
Net income29.535.746.747.446.466.466.476.395.2110115
Net margin5.7%6.4%7.8%8.0%8.4%10.3%9.2%9.6%10.6%11.5%11.7%
Diluted EPS$0.50$0.62$0.82$0.85$0.85$1.22$1.26$1.47$1.83$2.14$2.25
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by product or service

FY2024FY2025FY2026Share
latest year
Patient Management Services53058159762.3%
Network Solutions Services26531436237.7%
Patient Management ServicesNetwork Solutions Services
795FY2024896FY2025959FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Corvel: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow52.162.278.680.894.467.282.399.2127156151
Capital expenditure31.027.715.332.417.229.826.329.235.845.436.7
Free cash flow21.034.563.448.577.137.456.070.091.6110114
Free cash flow margin4.1%6.2%10.6%8.2%14.0%5.8%7.8%8.8%10.2%11.5%11.6%
Cash from investing-31.0-27.7-15.3-32.4-17.2-29.8-26.3-29.2-35.8-45.4-36.7
Cash from financing-25.2-7.3-27.4-57.0-20.6-79.6-82.1-35.8-26.5-47.8-60.0
Depreciation and amortisation20.921.823.022.523.423.925.126.329.531.832.9
Share-based compensation2.43.24.34.55.05.25.65.05.75.45.4
Buybacks28.011.235.265.632.790.193.745.737.656.268.6
Diluted shares, weighted59m57m57m56m54m54m53m52m52m52m51m
Shares outstanding at period end57m57m56m54m54m53m52m51m51m51m51m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity139171195190220212202248322394409
Operating lease liabilitiesn/an/a0.085.141.929.823.922.520.020.720.8
Other liabilities96.7103123141162173168184204228260
Total liabilities and equity235274318416425415394455546643690
Owned
Fixed assets63.069.462.075.970.676.382.885.992.1118122
Goodwill36.836.836.836.836.836.836.836.836.836.836.8
Intangible assets3.93.43.02.52.11.71.20.80.40.30.2
Cash and equivalents28.655.891.783.214097.571.3106171233256
Receivables62.864.971.365.864.782.681.097.1104101111
Other assets40.243.753.2152111120121128142154164
Total assets235274318416425415394455546643690
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a11.6%10.1%7.1%
Profit growth, compoundedn/a18.9%18.5%14.4%
Return on equity, average26.5%30.5%29.4%28.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Corvel's revenue in fiscal 2026?

Corvel (CRVL) reported revenue of $959 million for fiscal 2026, the year ended 31 March 2026, up 7.0% on the year before.

How much did Corvel earn in fiscal 2026?

Net income was $110 million for fiscal 2026, and diluted earnings per share $2.14.

What is Corvel's P/E ratio?

At the close of 9 October 2026, Corvel traded at 34.3 times its earnings over the twelve months to 30 June 2026.

What is Corvel's market cap?

The market cap of Corvel was $3.9 billion at the close of 9 October 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marsh & McLennan Companies, Inc. MRSH$84.0 billion21.4825.8%21.6%8.3%1.272.0%
Arthur J. Gallagher & Co. AJG$59.6 billion38.586.6%12.6%26.3%0.571.1%
Aon plc AON$58.0 billion15.0740.8%26.5%4.9%1.351.1%
Willis Towers Watson plc WTW$27.5 billion18.2220.4%22.2%3.0%0.751.2%
Brown & Brown, Inc. BRO$20.8 billion19.849.6%n/a34.2%0.621.0%
Equitable Holdings, Inc. EQH$14.4 billionn/an/a-5.7%-22.1%n/a2.0%
Erie Indemnity Co. ERIE$11.6 billion20.1123.4%17.9%3.7%0.00n/a
Enact Holdings, Inc. ACT$6.4 billion9.6812.7%69.1%2.5%0.141.9%
Corvel Corp. CRVL$3.9 billion34.3028.2%n/a7.1%n/an/a
Genworth Financial Inc. GNW$3.6 billion18.062.4%5.4%2.1%0.17n/a
Palomar Holdings, Inc. PLMR$3.4 billion17.5920.7%24.1%60.0%0.30n/a
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
All 74 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.11 trillion12.9611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$343.3 billion24.4113.5%4.8%6.5%0.672.3%
Chubb Ltd. CB$131.6 billion12.0714.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$126.4 billion10.9134.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$89.5 billion18.3511.1%2.7%6.3%0.691.7%
Marsh & McLennan Companies, Inc. MRSH$84.0 billion21.4825.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$76.9 billion9.8325.1%21.1%2.4%0.270.8%
Cigna Group CI$74.6 billion11.6815.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$71.2 billion19.7011.1%n/an/a0.153.3%
Metlife Inc. MET$62.7 billion18.8013.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$59.6 billion38.586.6%12.6%26.3%0.571.1%
Allstate Corp. ALL$58.3 billion4.5839.4%23.2%5.9%0.221.7%
Aon plc AON$58.0 billion15.0740.8%26.5%4.9%1.351.1%
Aflac Inc. AFL$57.5 billion12.3516.0%32.0%13.6%0.282.1%
Humana Inc. HUM$51.7 billion40.786.7%1.9%18.3%0.620.8%
Sun Life Financial Inc. SLF *$42.6 billion17.8314.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.0 billion10.2512.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.0 billion8.3522.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.6 billion7.4719.5%26.9%0.4%0.185.2%
Centene Corp. CNC$32.3 billionn/a-22.6%-2.8%13.9%0.71n/a
Willis Towers Watson plc WTW$27.5 billion18.2220.4%22.2%3.0%0.751.2%
Everest Group, Ltd. EG$27.4 billion7.7912.4%13.4%-5.1%0.032.2%
W. R. Berkley Corp. WRB$26.7 billion14.7619.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.1 billion7.7120.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.0 billion15.2712.8%11.9%3.7%0.362.9%
Loews Corp. L$21.8 billion13.098.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$20.8 billion19.849.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.2 billion19.948.5%5.4%29.1%0.832.9%
Globe Life Inc. GL$15.1 billion10.9119.7%24.2%5.2%0.480.7%
Unum Group UNM$14.5 billion21.376.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.4 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.2 billion12.7317.4%9.9%9.4%0.351.2%
American Financial Group Inc. AFG$11.7 billion12.3319.8%14.5%-0.2%0.385.2%
Erie Indemnity Co. ERIE$11.6 billion20.1123.4%17.9%3.7%0.00n/a
Fidelity National Financial, Inc. FNF$10.4 billion13.5110.4%11.3%13.0%0.595.2%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.2 billion8.3718.7%14.8%12.1%n/a9.6%
Jackson Financial Inc. JXN$8.8 billion158.051.0%55.8%15.1%0.282.6%
Voya Financial, Inc. VOYA$8.6 billion15.9713.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0631.5%29.9%8.6%0.241.5%
Lincoln National Corp. LNC$7.7 billion3.4920.8%14.7%7.9%0.574.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.6527.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.6 billion10.4720.6%15.4%5.6%0.23n/a
Enact Holdings, Inc. ACT$6.4 billion9.6812.7%69.1%2.5%0.141.9%
First American Financial Corp. FAF$6.2 billion8.4713.3%12.3%22.6%n/a3.6%
Mercury General Corp. MCY$5.7 billion6.0733.0%18.3%10.0%0.331.2%
Mgic Investment Corp. MTG$5.7 billion8.5714.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.6 billion8.7212.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.1 billion11.7025.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.0 billion10.4513.6%11.5%7.0%0.251.9%
CNO Financial Group, Inc. CNO$4.9 billion18.2110.8%13.3%6.0%0.521.3%
Radian Group Inc. RDN$4.5 billion8.7211.2%n/a37.1%0.143.0%
Corvel Corp. CRVL$3.9 billion34.3028.2%n/a7.1%n/an/a
Genworth Financial Inc. GNW$3.6 billion18.062.4%5.4%2.1%0.17n/a
Palomar Holdings, Inc. PLMR$3.4 billion17.5920.7%24.1%60.0%0.30n/a
Assured Guaranty Ltd. AGO$3.1 billion9.336.3%37.0%-10.6%0.311.9%
NMI Holdings, Inc. NMIH$3.0 billion7.8814.6%69.3%7.5%0.25n/a
SiriusPoint Ltd. SPNT$2.9 billion6.0922.2%18.4%22.6%0.30n/a
Brighthouse Financial, Inc. BHF$2.8 billion3.9012.7%14.7%2.6%0.48n/a
F&G Annuities & Life, Inc. FG$2.5 billion6.589.1%n/a15.0%0.495.0%
HCI Group, Inc. HCI$2.4 billion8.2528.7%48.4%22.8%0.030.8%
Horace Mann Educators Corp. HMN$1.8 billion10.6411.8%12.4%5.9%0.403.1%
Kemper Corp. KMPR$1.6 billionn/a-22.6%n/a-4.5%0.434.7%
Alignment Healthcare, Inc. ALHC$1.6 billion39.7115.4%1.2%37.2%1.22n/a
Stewart Information Services Corp. STC$1.5 billion11.128.1%5.9%22.5%0.394.0%
Safety Insurance Group Inc. SAFT$1.5 billion22.387.8%6.8%7.2%0.063.5%
United Fire Group Inc. UFCS$1.4 billion10.2414.4%12.0%11.4%0.151.2%
Trupanion, Inc. TRUP$1.1 billion49.215.7%1.6%11.8%0.24n/a
Employers Holdings, Inc. EIG$887 million60.270.9%0.8%-5.8%0.152.5%
Amerisafe Inc. AMSF$453 million9.8518.8%17.5%9.5%n/a6.4%
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
9 companies share its SEC industry code (Insurance Agents, Brokers & Service); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-K31 March 202622 May 2026EDGAR
10-Q31 December 20255 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-K31 March 202523 May 2025EDGAR
10-Q31 December 20246 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-K31 March 202424 May 2024EDGAR

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