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MARKETS / NASDAQ / CRVL
NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE · LARGE CAP

Corvel Corp. CRVL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$958.5M
▲ 7.0% YoY
$110.3M
▲ 16.0% YoY
$110.3M
▲ 20.4% YoY
In brief

What this company does

CorVel Corporation is an independent nationwide provider of medical cost containment and managed care services designed to address the medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance. As of March 31, 2026, it had 5,239 employees, including nurses, claims adjusters, and other employees. As of March 31, 2026, its PPO network was comprised of over 1.2 million providers nationwide, searchable based on quality, types of services, and location by the public through its applications. No single customer accounted for 10% or more of its revenue for fiscal years 2026, 2025 or 2024. Its services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services. CorVel was incorporated in Delaware in 1987, and its principal executive offices are located at 5128 Apache Plume Road, Suite 400, Fort Worth, Texas 76109.

Written from the business description in CORVEL CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 22 May 2026. Every sentence was checked against that document before publication.

Growth
USD 958.5M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 958.5 · Net income 110.3
400M800M200920112013201520172019202120232025
Compound annual growth
+10.1%
+11.6%
+6.6%
+6.3%
+18.5%
+18.9%
+14.5%
+10.5%
−16.3%
+18.1%
+5.8%
+4.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.6% a year over five years — but profit grew faster: net income at +18.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.9% · Net 11.5%
5%10%200920112013201520172019202120232025
ROE
FY2025 · ROE 30.8%
10%20%30%200920112013201520172019202120232025

Each USD of equity produced 31 cents of profit this year.

Cash & shareholders
USD 48.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 110.3
40M80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 48.6
40M80M200920112013201520172019202120232025

USD 48.6M in buybacks — 44% of the year's profit went back to shareholders.

Total assetsUSD 643.0M
EquityUSD 394.2M
CashUSD 233.1M
Current ratio2.03×

Equity funds 61% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.00.90.80.70.60.60.60.60.60.50.50.50.50.40.40.40.3
Operating income $B0.10.10.10.10.10.10.10.10.00.00.00.00.10.0···
EBITDA $B0.20.20.10.10.10.10.10.10.10.10.10.10.10.1···
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.10.10.10.10.00.10.00.10.00.00.00.00.00.00.00.00.0
EPS, diluted $2.141.831.471.263.662.552.552.461.871.511.431.371.611.191.142.052.06
Dividend / sh $·················
Payout %·················
ROE %30.833.433.932.030.722.624.625.523.021.822.022.528.924.125.325.227.3
Shares out B0.050.050.050.020.020.020.020.020.020.020.020.020.020.020.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsMarch 31
Data on record since2009

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