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Saturday 17 October 2026 Export CRVL’s income statement to Excel — free account

CorVel Corp.

CRVL Financial Insurance Brokers

CorVel Corp.’s revenue for fiscal 2026 (year ended March 2026) was $958.5 million, up 7.03% from fiscal 2025. In the quarter to June 2026, revenue grew 10.7%, EPS grew 18.9% and free cash flow grew 8.94%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

79.76 0.53 −0.66%
Market cap
$4.1B
P/E
35.4×
Fwd P/E
—
Dividend yield
—
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 21.25
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 — — 1 2 — 1 5 — 2 3 —
Insider Ownership 39.26%

Capital & Financial Ratios $m

Market Cap 4,060.00
Revenue 983.74
Net Income 115.33
Free Cash Flow 113.82
Net Debt (255.88)
Current Ratio 1.94
Debt/Equity 0.00
P/E ratio 35.45 (above 35: high)
Fwd P/E —
P/S ratio 4.12
P/B ratio 9.91
Past 5Y EPS Growth 20.28% (at or above 15%: strong)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 50.50%
10-year low 10-year high
P/S against its own 10 years 65.32%
10-year low 10-year high
P/B against its own 10 years 58.13%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 106 171 233 256
Receivables 97 104 101 111
Inventory — — — —
Other 88 101 116 127
302 387 462 505
2024 2025 2026 Q'26
Payables 17 17 25 30
ST’ Debt — — — —
Other — — — —
184 204 228 260

Compound Annual Growth %

10y 5y 3y
Sales 6.65% 11.64% 10.08%
Cash Flow 11.74% 10.52% 23.67%
Earnings 14.49% 18.94% 18.47%
Book Value 11.57% 12.33% 24.93%

Revenue $m

Jun Sep Dec Mar Year
’26 260 — — — —
’26 235 240 236 249 959
’25 212 224 228 232 896
’24 190 196 202 207 795
’23 176 177 179 185 719
’22 153 158 165 171 646
’21 130 136 142 146 553
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 50 — — — —
’26 55 25 46 29 156
’25 40 22 42 23 127
’24 37 18 29 15 99
’23 30 10 30 13 82
’22 14 21 15 17 67
’21 15 24 34 21 94
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 43 — — — —
’26 40 15 35 20 110
’25 33 12 32 14 92
’24 32 11 22 5 70
’23 22 5 24 6 56
’22 8 16 8 5 37
’21 12 21 28 17 77
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 0.63 — — — —
’26 0.52 0.54 0.47 0.61 2.14
’25 0.42 0.45 0.46 0.51 1.83
’24 0.38 0.38 0.33 0.37 1.47
’23 0.31 0.28 0.32 0.35 1.26
’22 0.31 0.29 0.25 0.36 1.22
’21 0.15 0.22 0.21 0.27 0.85
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 12.00 15.48 20.18 14.89 32.46 43.06 46.59 74.63 66.49 44.83

Analyst estimates 2027–2029

Powerpack
High 20.40 23.58 31.32 35.62 71.13 70.36 85.20 127.24 128.61 83.37
People
People Employees 3,629 3,788 3,904 3,824 3,681 4,233 4,444 4,870 5,075 5,239
Revenue/emp, $m 0.14 0.15 0.15 0.15 0.15 0.15 0.16 0.16 0.18 0.18
Income, $m
Income, $m Revenue 519 558 596 592 553 646 719 795 896 959
Gross margin, % 20.20 19.21 20.95 21.26 22.37 23.54 22.02 21.59 23.42 24.29
EBT 48 48 62 61 59 85 85 95 121 143
EBT margin, % 9.17 8.58 10.33 10.25 10.71 13.08 11.77 11.96 13.49 14.93
Net income 29 36 47 47 46 66 66 76 95 110
Depreciation 21 22 23 23 23 24 25 26 30 32
Per share, $
Per share, $ Revenue 8.90 9.89 10.57 10.77 10.27 12.13 13.82 15.48 17.43 18.69
Earnings 0.51 0.63 0.83 0.86 0.86 1.25 1.28 1.48 1.85 2.15
Cash flow 0.89 1.10 1.39 1.47 1.75 1.26 1.58 1.93 2.48 3.03
Capex (0.53) (0.49) (0.27) (0.59) (0.32) (0.56) (0.51) (0.57) (0.70) (0.88)
Free cash flow 0.36 0.61 1.12 0.88 1.43 0.70 1.08 1.36 1.78 2.15
Book value 2.38 3.03 3.46 3.45 4.10 3.99 3.89 4.82 6.27 7.69
Shares, m 58 56 56 55 54 53 52 51 51 51
Valuation, ×
Valuation, × P/E 28.62 25.47 26.36 21.13 39.62 45.16 49.68 57.69 60.63 25.42
P/S 1.63 1.63 2.07 1.69 3.33 4.63 4.59 5.53 6.42 2.92
P/B 6.09 5.32 6.33 5.27 8.35 14.08 16.31 17.75 17.87 7.11
EV/Sales 1.57 1.53 1.92 1.55 3.08 4.48 4.49 5.39 6.23 2.68
EV/FCF 38.84 24.81 18.02 18.89 22.04 77.35 57.64 61.29 60.97 23.30
Cash, $m
Cash, $m Operating cash flow 52 62 79 81 94 67 82 99 127 156
Capex (31) (28) (15) (32) (17) (30) (26) (29) (36) (45)
Free cash flow 21 34 63 48 77 37 56 70 92 110
Balance, $m
Balance, $m Working capital 39 65 99 75 106 94 76 118 183 234
Total debt — — — 98 55 43 34 — — —
Net debt (29) (56) (92) (83) (140) (98) (71) (106) (171) (233)
Shareholders’ equity 139 171 195 190 220 212 202 248 322 394
Returns, %
Returns, % ROA 12.94 14.01 15.78 12.90 11.02 15.81 16.40 17.97 19.02 18.56
ROIC 27.01 25.94 37.29 35.63 45.84 45.97 40.39 41.83 49.88 55.51
ROE 21.79 23.04 25.52 24.64 22.61 30.69 32.02 33.90 33.41 30.81
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

CorVel Corp. vs peers in Insurance Brokers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BRO Brown & Brown, Inc. $22.8B 19.3× 17.6× +30.43% (above 0%: growing) +8.86% (above 0%: growing) +6.75% (above 0%: growing) 50.00% 28.82% Compare
ERIE Erie Indemnity Company $11.1B 19.7× 18.0× +2.80% (above 0%: growing) +3.20% (above 0%: growing) +10.22% (above 0%: growing) 18.73% 18.73% Compare
BWIN Baldwin Insurance Group, Inc. $4.5B — (loss-making) — (loss-making) +30.13% (above 0%: growing) n/m +208.10% (above 0%: growing) 31.81% (1.69%) Compare
ARX Accelerant Holdings $4.3B — (loss-making) 143× +62.89% (above 0%: growing) +620.00% (above 0%: growing) −139.56% (below 0%: shrinking) 100.00% 30.96% Compare
CRVL CorVel Corp. $4.1B 35.4× — +10.74% (above 0%: growing) +18.87% (above 0%: growing) +8.94% (above 0%: growing) 26.08% 16.67%
NP Neptune Insurance Holdings Inc. $4.0B 117× 68.6× +32.82% (above 0%: growing) −11.65% (below 0%: shrinking) +234.05% (above 0%: growing) 100.00% 47.52% Compare
GSHD Goosehead Insurance $1.6B 32.4× 28.6× +20.59% (above 0%: growing) +110.00% (above 0%: growing) −63.75% (below 0%: shrinking) 100.00% 23.45% Compare
TWFG TWFG, Inc. $1.4B 43.0× 36.6× +45.11% (above 0%: growing) +38.46% (above 0%: growing) +42.74% (above 0%: growing) 51.44% 20.10% Compare
CRD.A Crawford & Company $581.9M 26.1× — −1.37% (below 0%: shrinking) +75.00% (above 0%: growing) −51.68% (below 0%: shrinking) 28.78% 7.68% Compare
Median of peers $4.2B 29.3× 32.6× +30.28% +38.46% +8.49% 50.72% 21.78%

All 22 Insurance Brokers stocks →

CorVel Corp. (CRVL) key facts

  • Strength: CorVel Corp.’s revenue for fiscal 2026 (year ended March 2026) was $958.5 million, up 7.03% from fiscal 2025.
  • Strength: Net income was $110.3 million, or $2.15 per share (basic), a net margin of 11.5%.
  • CorVel Corp. (CRVL) is an Insurance Brokers company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, CRVL traded at $79.76, a market capitalization of $4.1 billion.
  • At that price the stock trades at 35.4× trailing-twelve-month earnings and 4.1× sales; its P/E is higher than 51% of its own readings over the past ten years.
  • Return on equity was 30.8% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

CorVel Corp. (CRVL) Latest News

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stockrow.com/CRVL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com