A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CRVL SEC filings page.
Corvel Corp (CRVL) reported $983.7M in revenue over the twelve months to Jun 30, 2026, up 7.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
CorVel is turning faster growth into better margins and cash generation while relying less on balance-sheet leverage.
Revenue expanded across FY2023-FY2026 while net margin rose from9.2% to11.5% ; SG&A also consumed a smaller share of sales, pointing to operating leverage rather than volume alone. Free cash flow margin rose from5.8% in FY2022 to11.5% in FY2026 while operating cash flow exceeded net income in the latest year, indicating improving cash conversion after reinvestment.
Debt-to-equity fell from 1.0x in FY2022 to 0.6x in FY2026 as equity expanded, pointing to a less debt-dependent funding structure. The current ratio reached 2.0x in FY2026, reinforcing greater short-term balance-sheet flexibility.
Gross margin recovered from
Financial Health Signals
Corvel Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Corvel Corp passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Corvel Corp generates $1.41 in operating cash flow ($155.6M OCF vs $110.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Corvel Corp generated $259.9M in revenue in Q1 2027. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is up 4.6%.
Corvel Corp reported $32.2M in net income in Q1 2027. This represents an increase of 18.3% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
Corvel Corp earned $0.63 per diluted share (EPS) in Q1 2027. This represents an increase of 21.2% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.
Not reported for Q1 2027.
Cash & Balance Sheet
Corvel Corp generated $43.1M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 8.9% from the same quarter a year earlier. Against the prior quarter it is up 112.3%.
Corvel Corp held $255.9M in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Margins & Returns
Corvel Corp's gross margin was 26.1% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Corvel Corp's net profit margin was 12.4% in Q1 2027, showing the share of revenue converted to profit. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
Corvel Corp's ROE was 7.9% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q1 2027.
Capital Allocation
Corvel Corp spent $22.0M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. This represents an increase of 128.4% from the same quarter a year earlier. Against the prior quarter it is up 8.8%.
Corvel Corp invested $6.8M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 55.8% from the same quarter a year earlier. Against the prior quarter it is down 25.5%.
Not reported for Q1 2027.
CRVL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $259.9M+10.7% | $248.5M+7.4% | $235.6M+3.4% | $239.6M+6.8% | $234.7M+10.9% | $231.5M+11.7% | $228.0M+12.7% | $224.4M+14.8% |
| Cost of Revenue | $192.1M+8.0% | $185.5M+6.9% | $180.7M+3.2% | $181.5M+4.5% | $177.9M+8.8% | $173.5M | $175.1M+9.3% | $173.6M+14.8% |
| Gross Profit | $67.8M+19.4% | $63.0M+8.7% | $54.9M+3.9% | $58.2M+14.6% | $56.8M+17.9% | $58.0M+33.6% | $52.9M+25.4% | $50.7M+14.7% |
| SG&A Expenses | $24.5M+13.9% | $23.3M-5.5% | $22.7M+2.8% | $22.3M+0.9% | $21.5M+6.7% | $24.6M | $22.1M+11.4% | $22.1M+13.0% |
| Income Tax | $11.1M+38.1% | $8.7M+25.9% | $8.1M+14.6% | $8.0M+51.6% | $8.0M+24.6% | $6.9M | $7.0M+33.5% | $5.3M+9.5% |
| Net Income | $32.2M+18.3% | $31.0M+17.4% | $24.2M+1.7% | $27.9M+19.3% | $27.2M+26.2% | $26.4M+35.8% | $23.8M+39.1% | $23.4M+17.6% |
| EPS (Basic) | $0.63+18.9% | $0.60+17.6% | $0.47+2.2% | $0.54+17.4% | $0.53+26.2% | $0.51-54.9% | $0.46+39.4% | $0.46-60.3% |
| EPS (Diluted) | $0.63+21.2% | $0.61+19.6% | $0.47+2.2% | $0.54 | $0.52 | $0.51 | $0.46 | $0.45 |
| Diluted Shares (Avg) | 51M-1.9% | N/A | 52M-0.9% | 52M | 52M | N/A | 52M | 52M |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA, Interest Expense.
CRVL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $689.7M+15.4% | $643.0M+17.8% | $644.8M+19.7% | $611.7M+18.0% | $597.4M+22.9% | $546.0M+20.1% | $538.8M+21.1% | $518.6M+19.5% |
| Current Assets | $504.8M+19.7% | $462.3M+19.6% | $463.9M+21.1% | $434.3M+19.5% | $421.6M+26.5% | $386.7M+27.9% | $383.2M+30.2% | $363.3M+28.9% |
| Cash & Equivalents | $255.9M+26.7% | $233.1M+36.6% | $230.0M+41.2% | $207.5M+49.9% | $202.0M+53.2% | $170.6M+61.6% | $162.9M+52.3% | $138.3M+50.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $111.0M+8.8% | $101.3M-2.7% | $102.1M-3.8% | $104.9M+2.5% | $102.0M+4.3% | $104.1M+7.2% | $106.2M+14.6% | $102.4M+17.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% | $36.8M0.0% |
| Total Liabilities | $280.8M+10.2% | $248.8M+11.1% | $269.1M+13.1% | $248.9M+5.6% | $254.9M+14.7% | $224.0M+8.2% | $237.9M+12.5% | $235.8M+11.5% |
| Current Liabilities | $260.1M+10.6% | $228.1M+11.8% | $250.4M+15.6% | $230.3M+8.2% | $235.2M+17.3% | $204.0M+10.6% | $216.7M+15.0% | $212.9M+14.1% |
| Non-Current Liabilities | $20.8M+5.5% | $20.7M+3.7% | $18.6M-12.1% | $18.6M-19.0% | $19.7M-9.3% | $20.0M-11.4% | $21.2M-8.2% | $22.9M-8.5% |
| Total Equity | $408.9M+19.4% | $394.2M+22.4% | $375.7M+24.9% | $362.8M+28.3% | $342.5M+29.8% | $322.0M+30.0% | $300.9M+28.8% | $282.8M+27.0% |
| Retained Earnings | $1.0B+12.4% | $1.0B+12.2% | $982.4M+12.1% | $958.2M+12.3% | $930.3M+12.2% | $903.1M+11.8% | $876.7M+11.2% | $852.9M+10.6% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
CRVL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $49.9M-9.3% | $29.5M+28.6% | $46.1M+10.8% | $25.0M+12.2% | $55.0M+36.0% | $22.9M+50.4% | $41.6M+41.8% | $22.3M+24.0% |
| Depreciation & Amortization | $8.8M+15.5% | $8.3M+8.7% | $8.1M+7.6% | $7.8M+1.7% | $7.6M+12.8% | $7.6M+13.7% | $7.5M+11.2% | $7.7M+19.3% |
| Stock-Based Compensation | $1.4M-4.0% | N/A | $1.4M-25.3% | $1.4M-5.7% | $1.4M+32.4% | N/A | $1.8M | $1.5M |
| Capital Expenditures | $6.8M-55.8% | $9.2M+5.9% | $11.0M+15.0% | $9.8M-1.3% | $15.5M+101.5% | $8.7M-13.8% | $9.5M+37.8% | $9.9M+36.8% |
| Free Cash Flow | $43.1M+8.9% | $20.3M+42.3% | $35.2M+9.5% | $15.3M+22.9% | $39.5M+20.7% | $14.3M+174.3% | $32.1M+43.0% | $12.4M+15.4% |
| Investing Cash Flow | -$6.8M+55.8% | -$9.2M-5.9% | -$11.0M-15.0% | -$9.8M+1.3% | -$15.5M-101.5% | -$8.7M+13.8% | -$9.5M-37.8% | -$9.9M-36.8% |
| Financing Cash Flow | -$20.3M-150.1% | -$17.3M-160.6% | -$12.6M-67.5% | -$9.8M-64.6% | -$8.1M-26.3% | -$6.6M+0.1% | -$7.5M-4.2% | -$6.0M-6.6% |
| Share Buybacks | $22.0M+128.4% | $20.2M+124.5% | $13.6M+42.8% | $12.8M+33.9% | $9.6M+1.0% | $9.0M-2.0% | $9.5M+1.8% | $9.6M+1.8% |
Not reported in any period shown, so not listed: Dividends Paid.
CRVL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.1%+1.9pp | 25.4%+0.3pp | 23.3%+0.1pp | 24.3%+1.7pp | 24.2%+1.4pp | 25.0%+4.1pp | 23.2%+2.3pp | 22.6%0.0pp |
| Net Margin | 12.4%+0.8pp | 12.5%+1.1pp | 10.3%-0.2pp | 11.6%+1.2pp | 11.6%+1.4pp | 11.4%+2.0pp | 10.4%+2.0pp | 10.4%+0.3pp |
| Return on Equity | 7.9%-0.1pp | 7.9%-0.3pp | 6.4%-1.5pp | 7.7%-0.6pp | 8.0%-0.2pp | 8.2%+0.3pp | 7.9%+0.6pp | 8.3%-0.7pp |
| Return on Assets | 4.7%+0.1pp | 4.8%0.0pp | 3.8%-0.7pp | 4.6%+0.1pp | 4.6%+0.1pp | 4.8%+0.6pp | 4.4%+0.6pp | 4.5%-0.1pp |
| Current Ratio | 1.94+0.1x | 2.03+0.1x | 1.85+0.1x | 1.89+0.2x | 1.79+0.1x | 1.90+0.3x | 1.77+0.2x | 1.71+0.2x |
| Debt-to-Equity | 0.69-0.1x | 0.63-0.1x | 0.72-0.1x | 0.69-0.1x | 0.74-0.1x | 0.70-0.1x | 0.79-0.1x | 0.83-0.1x |
| Asset Turnover | 0.380.0x | 0.390.0x | 0.37-0.1x | 0.390.0x | 0.390.0x | 0.420.0x | 0.420.0x | 0.430.0x |
| FCF Margin | 16.6%-0.3pp | 8.2%+2.0pp | 14.9%+0.8pp | 6.4%+0.8pp | 16.9%+1.4pp | 6.2%+3.7pp | 14.1%+3.0pp | 5.5%0.0pp |
Not reported in any period shown, so not listed: Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Corvel Corp CRVL | FY2026 | $958.5M | $110.3M | 11.5% | $3.8B | — |
| Goosehead Insurance, Inc. GSHD | FY2025 | $365.3M | $27.8M | 7.6% | $1.1B | 8/100 |
| The Baldwin Insurance Group, Inc. BWIN | FY2025 | $1.5B | -$54.2M | -3.6% | $3.1B | 14/100 |
| Willis Towers Watson Public Limited Company WTW | FY2025 | $9.7B | $1.6B | 16.5% | $26.8B | 16/100 |
| Erie Indemnity Co ERIE | FY2025 | $4.1B | $559.3M | 13.8% | $11.6B | 29/100 |
| Aon plc AON | FY2025 | $17.2B | $3.7B | 21.5% | $57.2B | 18/100 |
Where Corvel Corp Ranks
Frequently Asked Questions
What is Corvel Corp's annual revenue?
Corvel Corp (CRVL) reported $958.5M in total revenue for fiscal year 2026. This represents a 7.0% 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 Corvel Corp's revenue growing?
Corvel Corp (CRVL) revenue grew by 7.0% year-over-year, from $895.6M to $958.5M in fiscal year 2026.
Is Corvel Corp profitable?
Yes, Corvel Corp (CRVL) reported a net income of $110.3M in fiscal year 2026, with a net profit margin of 11.5%.
What is Corvel Corp's gross margin?
Corvel Corp (CRVL) had a gross margin of 24.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Corvel Corp's net profit margin?
Corvel Corp (CRVL) had a net profit margin of 11.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Corvel Corp's return on equity (ROE)?
Corvel Corp (CRVL) has a return on equity of 28.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Corvel Corp's free cash flow?
Corvel Corp (CRVL) generated $110.3M in free cash flow during fiscal year 2026. This represents a 20.4% 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 Corvel Corp's operating cash flow?
Corvel Corp (CRVL) generated $155.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Corvel Corp's total assets?
Corvel Corp (CRVL) had $643.0M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Corvel Corp's capital expenditures?
Corvel Corp (CRVL) invested $45.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Corvel Corp's current ratio?
Corvel Corp (CRVL) had a current ratio of 2.03 as of fiscal year 2026, which is generally considered healthy.
What is Corvel Corp's debt-to-equity ratio?
Corvel Corp (CRVL) had a debt-to-equity ratio of 0.63 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Corvel Corp's return on assets (ROA)?
Corvel Corp (CRVL) had a return on assets of 17.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Corvel Corp's P/E ratio?
Corvel Corp (CRVL) trades at 33.3x earnings, its market capitalization divided by net income of $115.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Corvel Corp's price-to-sales ratio?
Corvel Corp (CRVL) trades at 3.9x sales, its market capitalization divided by revenue of $983.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Corvel Corp's Piotroski F-Score?
Corvel Corp (CRVL) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Corvel Corp's earnings high quality?
Corvel Corp (CRVL) has an earnings quality ratio of 1.41x, 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.