Crawford & Company Financials

CRD-A

Source SEC Filings (10-K/10-Q) Updated Dec 31, 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 19 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 41/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Crawford & Company's revenue declined 2.2% year-over-year, from $1.3B to $1.3B. This contraction results in a growth score of 30/100.

Leverage

Crawford & Company carries a low D/E ratio of 1.09, meaning only $1.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Crawford & Company's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.

Cash Flow

Crawford & Company has a free cash flow margin of 7.2%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Crawford & Company's ROE of 11.3% shows moderate profitability relative to equity, earning a score of 36/100. This is down from 16.9% 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

5.19x

For every $1 of reported earnings, Crawford & Company generates $5.19 in operating cash flow ($101.8M OCF vs $19.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.3B

YoY-2.2%

5Y CAGR+5.2%

10Y CAGR+0.5%

Crawford & Company generated $1.3B in revenue in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EBITDA

N/A

Net Income

$19.6M

YoY-26.2%

5Y CAGR-7.0%

Crawford & Company reported $19.6M in net income in fiscal year 2025. This represents a decrease of 26.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$94.8M

YoY+108.8%

5Y CAGR+3.7%

10Y CAGR+6.7%

Crawford & Company generated $94.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 108.8% from the prior year.

Cash & Debt

$64.1M

YoY+15.6%

5Y CAGR+7.5%

10Y CAGR-1.7%

Crawford & Company held $64.1M in cash against $189.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

28.0%

YoY+0.6pp

5Y CAGR+0.6pp

10Y CAGR+3.7pp

Crawford & Company's gross margin was 28.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

N/A

Net Margin

1.5%

YoY-0.5pp

5Y CAGR-1.3pp

10Y CAGR+5.2pp

Crawford & Company's net profit margin was 1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity

11.3%

YoY-5.6pp

5Y CAGR-3.8pp

10Y CAGR+51.4pp

Crawford & Company's ROE was 11.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$10.5M

YoY+171.9%

5Y CAGR+31.6%

10Y CAGR+23.8%

Crawford & Company spent $10.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 171.9% from the prior year.

Capital Expenditures

$7.0M

YoY+12.9%

5Y CAGR-13.2%

10Y CAGR-5.3%

Crawford & Company invested $7.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.9% from the prior year.

CRD-A Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.3B-2.2%	$1.3B+1.8%	$1.3B+7.0%	$1.2B+8.1%	$1.1B+12.1%	$1.0B
Cost of Revenue	$943.7M-3.0%	$973.4M+1.6%	$957.8M+3.6%	$924.9M+9.1%	$847.4M+14.9%	$737.3M
Gross Profit	$367.1M-0.1%	$367.5M+2.4%	$359.1M+17.2%	$306.4M+5.0%	$291.8M+4.6%	$278.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$294.2M-1.8%	$299.7M+4.6%	$286.5M+12.0%	$255.8M+4.5%	$244.8M+11.8%	$219.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$14.7M-12.9%	$16.9M-1.0%	$17.0M+65.2%	$10.3M+57.2%	$6.6M-17.2%	$7.9M
Income Tax	$14.9M+2.3%	$14.6M-14.7%	$17.1M-27.5%	$23.6M+77.1%	$13.3M+10.8%	$12.0M
Net Income	$19.6M-26.2%	$26.6M-13.1%	$30.6M+267.2%	-$18.3M-159.6%	$30.7M+8.5%	$28.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$320.1M-3.8%	$332.8M-0.5%	$334.6M+3.5%	$323.3M-9.8%	$358.3M+4.5%	$342.7M+4.9%	$326.9M+4.4%	$313.1M
Cost of Revenue	$235.2M-1.6%	$239.0M+1.1%	$236.3M+1.3%	$233.2M-11.5%	$263.4M+5.7%	$249.3M+6.1%	$234.9M+4.0%	$225.8M
Gross Profit	$84.9M-9.5%	$93.8M-4.6%	$98.3M+9.0%	$90.1M-5.0%	$94.9M+1.6%	$93.4M+1.6%	$92.0M+5.4%	$87.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$71.8M+3.5%	$69.4M-11.4%	$78.3M+5.0%	$74.6M-5.0%	$78.5M+9.8%	$71.5M-1.0%	$72.3M-6.5%	$77.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.1M-18.2%	$3.8M-1.8%	$3.9M-2.2%	$3.9M-8.9%	$4.3M-7.6%	$4.7M+10.0%	$4.3M+18.4%	$3.6M
Income Tax	$786K-86.5%	$5.8M-0.5%	$5.8M+135.7%	$2.5M-33.3%	$3.7M-30.3%	$5.3M+18.9%	$4.5M+328.5%	$1.0M
Net Income	-$7.2M-158.3%	$12.4M+59.4%	$7.8M+16.4%	$6.7M+16.8%	$5.7M-39.5%	$9.5M+10.1%	$8.6M+202.6%	$2.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRD-A Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$764.3M-4.9%	$803.8M+0.6%	$799.2M+1.0%	$791.5M-7.2%	$852.6M+13.2%	$753.0M
Current Assets	$352.4M-5.8%	$374.2M+1.3%	$369.3M+5.1%	$351.3M+1.5%	$345.9M+14.5%	$302.0M
Cash & Equivalents	$64.1M+15.6%	$55.4M-5.1%	$58.4M+26.9%	$46.0M-13.6%	$53.2M+19.2%	$44.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$115.7M-18.6%	$142.1M+8.1%	$131.4M-6.9%	$141.1M+4.9%	$134.5M+9.3%	$123.1M
Goodwill	$76.6M+0.3%	$76.4M-0.5%	$76.7M+0.1%	$76.6M-34.2%	$116.5M+75.1%	$66.5M
Total Liabilities	$591.2M-8.6%	$646.5M-1.7%	$657.6M-1.4%	$667.0M+4.1%	$640.7M+13.2%	$566.0M
Current Liabilities	$309.6M+3.3%	$299.7M+0.1%	$299.3M+7.1%	$279.5M-8.0%	$303.9M+25.1%	$242.8M
Long-Term Debt	$189.0M-13.3%	$218.0M+4.3%	$209.0M-12.4%	$238.6M+36.7%	$174.6M+54.7%	$112.9M
Total Equity	$173.1M+10.1%	$157.2M+11.0%	$141.6M+13.7%	$124.5M-41.2%	$212.0M+13.4%	$186.9M
Retained Earnings	$233.7M-1.8%	$237.9M+4.1%	$228.6M+7.3%	$213.1M-20.0%	$266.4M+0.4%	$265.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$764.3M-4.4%	$799.8M+0.1%	$799.4M+0.9%	$792.3M-1.4%	$803.8M+0.4%	$800.8M+1.9%	$785.8M+1.2%	$776.3M
Current Assets	$352.4M-5.2%	$371.7M-1.2%	$376.2M+0.9%	$372.8M-0.4%	$374.2M+3.3%	$362.4M+2.9%	$352.0M+1.8%	$345.8M
Cash & Equivalents	$64.1M-6.8%	$68.8M+17.5%	$58.5M+2.0%	$57.4M+3.5%	$55.4M+5.9%	$52.3M+12.0%	$46.7M+3.4%	$45.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$115.7M-9.9%	$128.4M-5.6%	$136.1M+1.4%	$134.1M-5.6%	$142.1M+8.2%	$131.4M-1.9%	$133.8M+6.2%	$126.0M
Goodwill	$76.6M+0.1%	$76.5M-0.1%	$76.6M+0.3%	$76.4M0.0%	$76.4M-0.3%	$76.6M+0.1%	$76.6M-0.1%	$76.6M
Total Liabilities	$591.2M-3.5%	$612.5M-1.6%	$622.5M-1.5%	$631.7M-2.3%	$646.5M+1.0%	$639.9M+0.9%	$634.4M+0.5%	$631.6M
Current Liabilities	$309.6M+12.9%	$274.3M-2.4%	$281.1M-1.8%	$286.2M-4.5%	$299.7M+5.8%	$283.4M+4.1%	$272.2M+3.1%	$264.1M
Long-Term Debt	$189.0M-4.0%	$196.8M-2.9%	$202.7M-1.3%	$205.3M-5.8%	$218.0M+5.9%	$205.9M-1.7%	$209.4M-0.7%	$210.8M
Total Equity	$173.1M-7.6%	$187.3M+5.9%	$176.9M+10.2%	$160.6M+2.1%	$157.2M-2.3%	$160.9M+6.3%	$151.4M+4.6%	$144.7M
Retained Earnings	$233.7M-7.1%	$251.5M+2.4%	$245.5M+1.8%	$241.2M+1.4%	$237.9M+0.9%	$235.9M+2.0%	$231.3M+1.7%	$227.3M

CRD-A Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$101.8M+97.3%	$51.6M-50.3%	$103.8M+275.6%	$27.6M-49.1%	$54.3M-41.7%	$93.2M
Capital Expenditures	$7.0M+12.9%	$6.2M+27.0%	$4.9M-28.5%	$6.8M-25.9%	$9.2M-35.2%	$14.2M
Free Cash Flow	$94.8M+108.8%	$45.4M-54.1%	$98.9M+375.6%	$20.8M-53.9%	$45.1M-42.9%	$79.0M
Investing Cash Flow	-$36.2M+13.1%	-$41.6M-13.8%	-$36.6M+36.8%	-$57.9M+18.3%	-$70.8M-162.0%	-$27.0M
Financing Cash Flow	-$57.6M-348.0%	-$12.9M+76.5%	-$54.7M-310.8%	$25.9M+5.2%	$24.7M+133.2%	-$74.4M
Dividends Paid	$14.3M+4.2%	$13.8M+8.3%	$12.7M+7.3%	$11.8M-6.5%	$12.7M+31.3%	$9.6M
Share Buybacks	$10.5M+171.9%	$3.9M+41.6%	$2.7M-89.8%	$26.7M+39.8%	$19.1M+617.7%	$2.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$50.1M+63.7%	$30.6M-12.5%	$35.0M+351.4%	-$13.9M-134.4%	$40.5M+109.5%	$19.3M+67.5%	$11.6M+158.3%	-$19.8M
Capital Expenditures	$3.2M+138.2%	$1.4M-3.1%	$1.4M+41.5%	$994K-69.1%	$3.2M+104.4%	$1.6M+1379.7%	-$123K-108.0%	$1.5M
Free Cash Flow	$46.9M+60.2%	$29.3M-12.9%	$33.6M+325.2%	-$14.9M-140.0%	$37.3M+109.9%	$17.8M+55.5%	$11.4M+153.5%	-$21.3M
Investing Cash Flow	-$11.0M-57.4%	-$7.0M+24.0%	-$9.2M-0.6%	-$9.1M+25.3%	-$12.2M-11.0%	-$11.0M-23.6%	-$8.9M+6.8%	-$9.6M
Financing Cash Flow	-$43.8M-244.2%	-$12.7M+51.2%	-$26.1M-204.3%	$25.0M+195.6%	-$26.2M-1015.6%	-$2.3M-461.2%	-$418K-102.6%	$16.1M
Dividends Paid	$3.7M-0.9%	$3.7M+7.5%	$3.5M+0.2%	$3.5M+0.6%	$3.4M-0.1%	$3.4M+0.1%	$3.4M-0.2%	$3.4M
Share Buybacks	$7.6M+156.0%	$3.0M	$0	$0-100.0%	$263K-82.8%	$1.5M+14.3%	$1.3M+82.8%	$733K

CRD-A Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	28.0%+0.6pp	27.4%+0.1pp	27.3%+2.4pp	24.9%-0.7pp	25.6%-1.8pp	27.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.5%-0.5pp	2.0%-0.3pp	2.3%+3.8pp	-1.5%-4.2pp	2.7%-0.1pp	2.8%
Return on Equity	11.3%-5.6pp	16.9%-4.7pp	21.6%+36.3pp	-14.7%-29.2pp	14.5%-0.7pp	15.1%
Return on Assets	2.6%-0.7pp	3.3%-0.5pp	3.8%+6.1pp	-2.3%-5.9pp	3.6%-0.2pp	3.8%
Current Ratio	1.14-0.1	1.25+0.0	1.23-0.0	1.26+0.1	1.14-0.1	1.24
Debt-to-Equity	1.09-0.3	1.39-0.1	1.48-0.4	1.92+1.1	0.82+0.2	0.60
FCF Margin	7.2%+3.8pp	3.4%-4.1pp	7.5%+5.8pp	1.7%-2.3pp	4.0%-3.8pp	7.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	26.5%-1.7pp	28.2%-1.2pp	29.4%+1.5pp	27.9%+1.4pp	26.5%-0.8pp	27.3%-0.9pp	28.1%+0.3pp	27.9%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-2.3%-6.0pp	3.7%+1.4pp	2.3%+0.3pp	2.1%+0.5pp	1.6%-1.2pp	2.8%+0.1pp	2.6%+1.7pp	0.9%
Return on Equity	-4.2%-10.8pp	6.6%+2.2pp	4.4%+0.2pp	4.2%+0.5pp	3.6%-2.2pp	5.9%+0.2pp	5.7%+3.7pp	2.0%
Return on Assets	-0.9%-2.5pp	1.6%+0.6pp	1.0%+0.1pp	0.8%+0.1pp	0.7%-0.5pp	1.2%+0.1pp	1.1%+0.7pp	0.4%
Current Ratio	1.14-0.2	1.36+0.0	1.34+0.0	1.30+0.1	1.25-0.0	1.28-0.0	1.29-0.0	1.31
Debt-to-Equity	1.09+0.0	1.05-0.1	1.15-0.1	1.28-0.1	1.39+0.1	1.28-0.1	1.38-0.1	1.46
FCF Margin	14.6%+5.9pp	8.8%-1.2pp	10.0%+14.7pp	-4.6%-15.0pp	10.4%+5.2pp	5.2%+1.7pp	3.5%+10.3pp	-6.8%

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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 2025. This represents a -2.2% 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 declined by 2.2% year-over-year, from $1.3B to $1.3B in fiscal year 2025.

Is Crawford & Company profitable?

Yes, Crawford & Company (CRD-A) reported a net income of $19.6M in fiscal year 2025, with a net profit margin of 1.5%.

How much debt does Crawford & Company have?

As of fiscal year 2025, Crawford & Company (CRD-A) had $64.1M in cash and equivalents against $189.0M in long-term debt.

What is Crawford & Company's gross margin?

Crawford & Company (CRD-A) had a gross margin of 28.0% in fiscal year 2025, 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 1.5% in fiscal year 2025, 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 11.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Crawford & Company's free cash flow?

Crawford & Company (CRD-A) generated $94.8M in free cash flow during fiscal year 2025. This represents a 108.8% 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 $101.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Crawford & Company's total assets?

Crawford & Company (CRD-A) had $764.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Crawford & Company's capital expenditures?

Crawford & Company (CRD-A) invested $7.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Crawford & Company buy back shares?

Yes, Crawford & Company (CRD-A) spent $10.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Crawford & Company's current ratio?

Crawford & Company (CRD-A) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.

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

Crawford & Company (CRD-A) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, 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 2.6% for fiscal year 2025, 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 5.19x, 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 41 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.