Corvel (CRVL) FY2024 results: revenue $795 million, up 10.7% on the year
Corvel Corp. (CRVL) reported revenue of $795 million for fiscal 2024, the year ended 31 March 2024, up 10.7% on the year before. Net income was $76 million, up 14.9%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2025.
Revenue
$795 million
+10.7% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$76 million
+14.9% on the year
FY2017FY2024
Diluted EPS
$1.47
+16.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
99.2
82.3
67.2
+20.6%
Capital expenditure
29.2
26.3
29.8
+11.1%
Free cash flow
70.0
56.0
37.4
+25.1%
Free cash flow margin
8.8%
7.8%
5.8%
Cash from investing
-29.2
-26.3
-29.8
Cash from financing
-35.8
-82.1
-79.6
Depreciation and amortisation
26.3
25.1
23.9
+4.5%
Share-based compensation
5.0
5.6
5.2
-10.4%
Buybacks
45.7
93.7
90.1
-51.2%
Diluted shares, weighted
52m
53m
54m
-1.4%
Shares outstanding at period end
51m
52m
53m
-0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
248
202
212
+22.5%
Operating lease liabilities
22.5
23.9
29.8
-5.6%
Other liabilities
184
168
173
+9.9%
Total liabilities and equity
455
394
415
+15.4%
Fixed assets
85.9
82.8
76.3
+3.8%
Goodwill
36.8
36.8
36.8
0.0%
Intangible assets
0.8
1.2
1.7
-34.0%
Cash and equivalents
106
71.3
97.5
+48.0%
Receivables
97.1
81.0
82.6
+19.8%
Other assets
128
121
120
+6.4%
Total assets
455
394
415
+15.4%
10-K for the year ended 31 March 2024, filed 23 May 2025: the filing.