CorVel Corp. (CRVL) vs Ethos Technologies Inc. (LIFE)

CorVel Corp. and Ethos Technologies Inc. are both Insurance Brokers companies. CorVel Corp. is the larger, with a market value of $4.2B against $2.8B — 1.5× the size. Ethos Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; CorVel Corp. trades at 37.0×. CorVel Corp. has the higher net margin (11.7% vs −18.8%) and the higher return on invested capital (61.8% vs −2.79%). Across the 15 metrics below, CorVel Corp. leads on 8 and Ethos Technologies Inc. on 7.

Valuation

Metric CRVL LIFE Insurance Brokers median
P/E 37.00 n/m 25.10
P/S 4.30 4.61 2.98
P/B 10.34 5.63 3.18
Price to free cash flow 37.16 23.64 22.89
EV/EBITDA — n/m —
EV/Sales — 3.90 —
Earnings yield 2.70% (1.57%) 2.74%
Free cash flow yield 2.69% 4.23% 3.19%

Profitability

Metric CRVL LIFE Insurance Brokers median
Gross margin 24.79% 100.00% 49.44%
Operating margin 15.37% (2.80%) 15.48%
Net margin 11.72% (18.82%) 8.78%
Free cash flow margin 11.57% 19.49% 5.26%
Return on equity 30.70% 0.00% 3.24%
Return on assets 17.92% (31.45%) 2.51%
Return on invested capital 61.76% (2.79%) 5.83%

Growth

Metric CRVL LIFE Insurance Brokers median
Revenue growth (TTM) 7.09% — 9.77%
EPS growth (last fiscal year) 16.94% 43.90% (8.67%)
Revenue growth, 5-year CAGR 11.64% — 9.30%
Net income growth, 5-year CAGR 18.94% — 0.00%

Health

Metric CRVL LIFE Insurance Brokers median
Debt to equity 0.00 0.00 0.49
Current ratio 1.94 3.25 1.60
Net debt to EBITDA (1.33) (1.17) 1.20

Dividend

Metric CRVL LIFE Insurance Brokers median
Dividend yield — — 1.17%
Payout ratio — — 0.33

Size

Metric CRVL LIFE Insurance Brokers median
Market cap 4.15b 2.82b 2.82b

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