Crawford & Company Financials

CRD-A

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Crawford & Company (CRD-A) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Crawford & Company's revenue grew a modest 1.8% year-over-year to $1.3B. This slow but positive growth earns a score of 34/100.

Leverage

Crawford & Company has a moderate D/E ratio of 1.39. This balance of debt and equity financing earns a leverage score of 60/100.

Liquidity

Crawford & Company's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Crawford & Company's free cash flow margin of 3.4% results in a low score of 17/100. Capital expenditures of $6.2M absorb a large share of operating cash flow.

Returns

Crawford & Company earns a strong 16.9% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is down from 21.6% the prior year.

Piotroski F-Score Neutral

6/9

Crawford & Company passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.94x

For every $1 of reported earnings, Crawford & Company generates $1.94 in operating cash flow ($51.6M OCF vs $26.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$1.3B

YoY+1.8%

5Y CAGR+5.1%

10Y CAGR+1.0%

Crawford & Company generated $1.3B in revenue in fiscal year 2024. This represents an increase of 1.8% from the prior year.

EBITDA

N/A

Free Cash Flow

$45.4M

YoY-54.1%

5Y CAGR-7.4%

Crawford & Company generated $45.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 54.1% from the prior year.

Net Income

$26.6M

YoY-13.1%

5Y CAGR+16.3%

10Y CAGR-1.4%

Crawford & Company reported $26.6M in net income in fiscal year 2024. This represents a decrease of 13.1% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$55.4M

YoY-5.1%

5Y CAGR+1.4%

10Y CAGR+0.5%

Crawford & Company held $55.4M in cash against $218.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

27.4%

YoY+0.1pp

5Y CAGR-0.7pp

10Y CAGR+2.6pp

Crawford & Company's gross margin was 27.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

2.0%

YoY-0.3pp

5Y CAGR+0.8pp

10Y CAGR-0.5pp

Crawford & Company's net profit margin was 2.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity

16.9%

YoY-4.7pp

5Y CAGR+9.1pp

10Y CAGR-0.8pp

Crawford & Company's ROE was 16.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$3.9M

YoY+41.6%

5Y CAGR-31.8%

10Y CAGR+1.3%

Crawford & Company spent $3.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 41.6% from the prior year.

Capital Expenditures

$6.2M

YoY+27.0%

5Y CAGR-6.5%

10Y CAGR-6.7%

Crawford & Company invested $6.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 27.0% from the prior year.

CRD-A Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.3B+1.8%	$1.3B+7.0%	$1.2B+8.1%	$1.1B+12.1%	$1.0B-3.0%	$1.0B
Cost of Revenue	$973.4M+1.6%	$957.8M+3.6%	$924.9M+9.1%	$847.4M+14.9%	$737.3M-2.1%	$752.8M
Gross Profit	$367.5M+2.4%	$359.1M+17.2%	$306.4M+5.0%	$291.8M+4.6%	$278.9M-5.4%	$294.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$299.7M+4.6%	$286.5M+12.0%	$255.8M+4.5%	$244.8M+11.8%	$219.0M-3.6%	$227.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	$84.1M
Interest Expense	$16.9M-1.0%	$17.0M+65.2%	$10.3M+57.2%	$6.6M-17.2%	$7.9M-26.5%	$10.8M
Income Tax	$14.6M-14.7%	$17.1M-27.5%	$23.6M+77.1%	$13.3M+10.8%	$12.0M-14.9%	$14.1M
Net Income	$26.6M-13.1%	$30.6M+267.2%	-$18.3M-159.6%	$30.7M+8.5%	$28.3M+126.6%	$12.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$332.8M-0.5%	$334.6M+3.5%	$323.3M-9.8%	$358.3M+9.6%	$326.9M+4.4%	$313.1M+1.3%	$309.2M-9.7%	$342.2M
Cost of Revenue	$239.0M+1.1%	$236.3M+1.3%	$233.2M-11.5%	$263.4M+12.1%	$234.9M+4.0%	$225.8M-1.8%	$230.0M-5.0%	$242.0M
Gross Profit	$93.8M-4.6%	$98.3M+9.0%	$90.1M-5.0%	$94.9M+3.2%	$92.0M+5.4%	$87.3M+10.3%	$79.1M-21.0%	$100.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$69.4M-11.4%	$78.3M+5.0%	$74.6M-5.0%	$78.5M+8.7%	$72.3M-6.5%	$77.3M+3.3%	$74.9M+0.6%	$74.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.8M-1.8%	$3.9M-2.2%	$3.9M-8.9%	$4.3M+1.7%	$4.3M+18.4%	$3.6M-4.7%	$3.8M-17.2%	$4.6M
Income Tax	$5.8M-0.5%	$5.8M+135.7%	$2.5M-33.3%	$3.7M-17.1%	$4.5M+328.5%	$1.0M+750.3%	-$161K-102.4%	$6.8M
Net Income	$12.4M+59.4%	$7.8M+16.4%	$6.7M+16.8%	$5.7M-33.3%	$8.6M+202.6%	$2.8M+446.8%	-$818K-106.6%	$12.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRD-A Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$803.8M+0.6%	$799.2M+1.0%	$791.5M-7.2%	$852.6M+13.2%	$753.0M-0.9%	$760.0M
Current Assets	$374.2M+1.3%	$369.3M+5.1%	$351.3M+1.5%	$345.9M+14.5%	$302.0M-4.2%	$315.2M
Cash & Equivalents	$55.4M-5.1%	$58.4M+26.9%	$46.0M-13.6%	$53.2M+19.2%	$44.7M-13.8%	$51.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$142.1M+8.1%	$131.4M-6.9%	$141.1M+4.9%	$134.5M+9.3%	$123.1M-4.0%	$128.2M
Goodwill	$76.4M-0.5%	$76.7M+0.1%	$76.6M-34.2%	$116.5M+75.1%	$66.5M-17.5%	$80.6M
Total Liabilities	$646.5M-1.7%	$657.6M-1.4%	$667.0M+4.1%	$640.7M+13.2%	$566.0M-5.8%	$600.7M
Current Liabilities	$299.7M+0.1%	$299.3M+7.1%	$279.5M-8.0%	$303.9M+25.1%	$242.8M+2.8%	$236.3M
Long-Term Debt	$218.0M+4.3%	$209.0M-12.4%	$238.6M+36.7%	$174.6M+54.7%	$112.9M-36.2%	$176.9M
Total Equity	$157.2M+11.0%	$141.6M+13.7%	$124.5M-41.2%	$212.0M+13.4%	$186.9M+17.3%	$159.3M
Retained Earnings	$237.9M+4.1%	$228.6M+7.3%	$213.1M-20.0%	$266.4M+0.4%	$265.2M+6.3%	$249.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$799.8M+0.1%	$799.4M+0.9%	$792.3M-1.4%	$803.8M+2.3%	$785.8M+1.2%	$776.3M-2.9%	$799.2M-3.4%	$827.2M
Current Assets	$371.7M-1.2%	$376.2M+0.9%	$372.8M-0.4%	$374.2M+6.3%	$352.0M+1.8%	$345.8M-6.4%	$369.3M-2.8%	$380.0M
Cash & Equivalents	$68.8M+17.5%	$58.5M+2.0%	$57.4M+3.5%	$55.4M+18.5%	$46.7M+3.4%	$45.2M-22.6%	$58.4M+18.6%	$49.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$128.4M-5.6%	$136.1M+1.4%	$134.1M-5.6%	$142.1M+6.1%	$133.8M+6.2%	$126.0M-4.1%	$131.4M-13.1%	$151.1M
Goodwill	$76.5M-0.1%	$76.6M+0.3%	$76.4M0.0%	$76.4M-0.3%	$76.6M-0.1%	$76.6M-0.1%	$76.7M+0.1%	$76.6M
Total Liabilities	$612.5M-1.6%	$622.5M-1.5%	$631.7M-2.3%	$646.5M+1.9%	$634.4M+0.5%	$631.6M-4.0%	$657.6M-0.8%	$662.6M
Current Liabilities	$274.3M-2.4%	$281.1M-1.8%	$286.2M-4.5%	$299.7M+10.1%	$272.2M+3.1%	$264.1M-11.7%	$299.3M+3.0%	$290.7M
Long-Term Debt	$196.8M-2.9%	$202.7M-1.3%	$205.3M-5.8%	$218.0M+4.1%	$209.4M-0.7%	$210.8M+0.9%	$209.0M+3.7%	$201.5M
Total Equity	$187.3M+5.9%	$176.9M+10.2%	$160.6M+2.1%	$157.2M+3.8%	$151.4M+4.6%	$144.7M+2.2%	$141.6M-14.0%	$164.6M
Retained Earnings	$251.5M+2.4%	$245.5M+1.8%	$241.2M+1.4%	$237.9M+2.9%	$231.3M+1.7%	$227.3M-0.5%	$228.6M-2.6%	$234.7M

CRD-A Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$51.6M-50.3%	$103.8M+275.6%	$27.6M-49.1%	$54.3M-41.7%	$93.2M+23.9%	$75.2M
Capital Expenditures	$6.2M+27.0%	$4.9M-28.5%	$6.8M-25.9%	$9.2M-35.2%	$14.2M+63.7%	$8.7M
Free Cash Flow	$45.4M-54.1%	$98.9M+375.6%	$20.8M-53.9%	$45.1M-42.9%	$79.0M+18.7%	$66.5M
Investing Cash Flow	-$41.6M-13.8%	-$36.6M+36.8%	-$57.9M+18.3%	-$70.8M-162.0%	-$27.0M-15.4%	-$23.4M
Financing Cash Flow	-$12.9M+76.5%	-$54.7M-310.8%	$25.9M+5.2%	$24.7M+133.2%	-$74.4M-39.3%	-$53.4M
Dividends Paid	$13.8M+8.3%	$12.7M+7.3%	$11.8M-6.5%	$12.7M+31.3%	$9.6M-26.8%	$13.2M
Share Buybacks	$3.9M+41.6%	$2.7M-89.8%	$26.7M+39.8%	$19.1M+617.7%	$2.7M-89.8%	$26.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$30.6M-12.5%	$35.0M+351.4%	-$13.9M-134.4%	$40.5M+250.9%	$11.6M+158.3%	-$19.8M-155.5%	$35.7M-12.7%	$40.9M
Capital Expenditures	$1.4M-3.1%	$1.4M+41.5%	$994K-69.1%	$3.2M+2716.3%	-$123K-108.0%	$1.5M+0.7%	$1.5M+5.8%	$1.4M
Free Cash Flow	$29.3M-12.9%	$33.6M+325.2%	-$14.9M-140.0%	$37.3M+226.5%	$11.4M+153.5%	-$21.3M-162.4%	$34.2M-13.4%	$39.5M
Investing Cash Flow	-$7.0M+24.0%	-$9.2M-0.6%	-$9.1M+25.3%	-$12.2M-37.1%	-$8.9M+6.8%	-$9.6M-7.1%	-$8.9M+8.5%	-$9.7M
Financing Cash Flow	-$12.7M+51.2%	-$26.1M-204.3%	$25.0M+195.6%	-$26.2M-6161.0%	-$418K-102.6%	$16.1M+196.8%	-$16.6M+43.9%	-$29.6M
Dividends Paid	$3.7M+7.5%	$3.5M+0.2%	$3.5M+0.6%	$3.4M-0.1%	$3.4M-0.2%	$3.4M+0.8%	$3.4M-0.4%	$3.4M
Share Buybacks	$3.0M	$0	$0-100.0%	$263K-80.4%	$1.3M+82.8%	$733K-65.9%	$2.1M+269.2%	$582K

CRD-A Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	27.4%+0.1pp	27.3%+2.4pp	24.9%-0.7pp	25.6%-1.8pp	27.4%-0.7pp	28.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	8.0%
Net Margin	2.0%-0.3pp	2.3%+3.8pp	-1.5%-4.2pp	2.7%-0.1pp	2.8%+1.6pp	1.2%
Return on Equity	16.9%-4.7pp	21.6%	N/A	14.5%-0.7pp	15.1%+7.3pp	7.8%
Return on Assets	3.3%-0.5pp	3.8%+6.1pp	-2.3%-5.9pp	3.6%-0.2pp	3.8%+2.1pp	1.6%
Current Ratio	1.25+0.0	1.23-0.0	1.26+0.1	1.14-0.1	1.24-0.1	1.33
Debt-to-Equity	1.39-0.1	1.48-0.4	1.92+1.1	0.82+0.2	0.60-0.5	1.11
FCF Margin	3.4%-4.1pp	7.5%+5.8pp	1.7%-2.3pp	4.0%-3.8pp	7.8%+1.4pp	6.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	28.2%-1.2pp	29.4%+1.5pp	27.9%+1.4pp	26.5%-1.6pp	28.1%+0.3pp	27.9%+2.3pp	25.6%-3.7pp	29.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.7%+1.4pp	2.3%+0.3pp	2.1%+0.5pp	1.6%-1.0pp	2.6%+1.7pp	0.9%+1.2pp	-0.3%-3.9pp	3.6%
Return on Equity	6.6%+2.2pp	4.4%+0.2pp	4.2%+0.5pp	3.6%-2.0pp	5.7%+3.7pp	2.0%	N/A	7.5%
Return on Assets	1.6%+0.6pp	1.0%+0.1pp	0.8%+0.1pp	0.7%-0.4pp	1.1%+0.7pp	0.4%+0.5pp	-0.1%-1.6pp	1.5%
Current Ratio	1.36+0.0	1.34+0.0	1.30+0.1	1.25-0.0	1.29-0.0	1.31+0.1	1.23-0.1	1.31
Debt-to-Equity	1.05-0.1	1.15-0.1	1.28-0.1	1.390.0	1.38-0.1	1.46-0.0	1.48+0.3	1.22
FCF Margin	8.8%-1.2pp	10.0%+14.7pp	-4.6%-15.0pp	10.4%+6.9pp	3.5%+10.3pp	-6.8%-17.9pp	11.1%-0.5pp	11.5%

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Frequently Asked Questions

What is Crawford & Company's annual revenue?

Crawford & Company (CRD-A) reported $1.3B in total revenue for fiscal year 2024. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Crawford & Company's revenue growing?

Crawford & Company (CRD-A) revenue grew by 1.8% year-over-year, from $1.3B to $1.3B in fiscal year 2024.

Is Crawford & Company profitable?

Yes, Crawford & Company (CRD-A) reported a net income of $26.6M in fiscal year 2024, with a net profit margin of 2.0%.

How much debt does Crawford & Company have?

As of fiscal year 2024, Crawford & Company (CRD-A) had $55.4M in cash and equivalents against $218.0M in long-term debt.

What is Crawford & Company's gross margin?

Crawford & Company (CRD-A) had a gross margin of 27.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Crawford & Company's net profit margin?

Crawford & Company (CRD-A) had a net profit margin of 2.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Crawford & Company's return on equity (ROE)?

Crawford & Company (CRD-A) has a return on equity of 16.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Crawford & Company's free cash flow?

Crawford & Company (CRD-A) generated $45.4M in free cash flow during fiscal year 2024. This represents a -54.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Crawford & Company's operating cash flow?

Crawford & Company (CRD-A) generated $51.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Crawford & Company's total assets?

Crawford & Company (CRD-A) had $803.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Crawford & Company's capital expenditures?

Crawford & Company (CRD-A) invested $6.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Crawford & Company buy back shares?

Yes, Crawford & Company (CRD-A) spent $3.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Crawford & Company's current ratio?

Crawford & Company (CRD-A) had a current ratio of 1.25 as of fiscal year 2024, which is considered adequate.

What is Crawford & Company's debt-to-equity ratio?

Crawford & Company (CRD-A) had a debt-to-equity ratio of 1.39 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Crawford & Company's return on assets (ROA)?

Crawford & Company (CRD-A) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Crawford & Company's Piotroski F-Score?

Crawford & Company (CRD-A) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Crawford & Company's earnings high quality?

Crawford & Company (CRD-A) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Crawford & Company?

Crawford & Company (CRD-A) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.