Corvel (CRVL) FY2025 results: revenue $896 million, up 12.6% on the year
Corvel Corp. (CRVL) reported revenue of $896 million for fiscal 2025, the year ended 31 March 2025, up 12.6% on the year before. Net income was $95 million, up 24.8%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2025.
Revenue
$896 million
+12.6% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$95 million
+24.8% on the year
FY2018FY2025
Diluted EPS
$1.83
+24.8% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
127
99.2
82.3
+28.3%
Capital expenditure
35.8
29.2
26.3
+22.3%
Free cash flow
91.6
70.0
56.0
+30.8%
Free cash flow margin
10.2%
8.8%
7.8%
Cash from investing
-35.8
-29.2
-26.3
Cash from financing
-26.5
-35.8
-82.1
Depreciation and amortisation
29.5
26.3
25.1
+12.5%
Share-based compensation
5.7
5.0
5.6
+14.7%
Buybacks
37.6
45.7
93.7
-17.7%
Diluted shares, weighted
52m
52m
53m
-0.1%
Shares outstanding at period end
51m
51m
52m
-0.1%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
322
248
202
+30.0%
Operating lease liabilities
20.0
22.5
23.9
-11.4%
Other liabilities
204
184
168
+10.6%
Total liabilities and equity
546
455
394
+20.1%
Fixed assets
92.1
85.9
82.8
+7.2%
Goodwill
36.8
36.8
36.8
0.0%
Intangible assets
0.4
0.8
1.2
-46.7%
Cash and equivalents
171
106
71.3
+61.6%
Receivables
104
97.1
81.0
+7.2%
Other assets
142
128
121
+10.5%
Total assets
546
455
394
+20.1%
10-K for the year ended 31 March 2025, filed 23 May 2025: the filing.