CorVel Corp. (CRVL) vs Neptune Insurance Holdings Inc. (NP)

CorVel Corp. and Neptune Insurance Holdings Inc. are both Insurance Brokers companies. CorVel Corp. and Neptune Insurance Holdings Inc. are of similar size ($3.7B and $3.7B). CorVel Corp. trades at the lower P/E: 33.0× against 110×. Neptune Insurance Holdings Inc. has the higher net margin (20.6% vs 11.7%) and the lower return on invested capital (0.00% vs 61.8%). Across the 18 metrics below, CorVel Corp. leads on 11 and Neptune Insurance Holdings Inc. on 7.

Valuation

Metric CRVL NP Insurance Brokers median
P/E 33.04 110.04 25.35
P/S 3.84 20.85 2.10
P/B 9.24 n/m 2.81
Price to free cash flow 33.18 55.88 18.44
EV/EBITDA 19.12 50.53 12.36
EV/Sales 3.58 21.83 3.00
Earnings yield 3.03% 0.91% 2.64%
Free cash flow yield 3.01% 1.79% 2.30%

Profitability

Metric CRVL NP Insurance Brokers median
Gross margin 24.79% 100.00% 42.95%
Operating margin 15.37% 40.72% 15.37%
Net margin 11.72% 20.59% 8.77%
Free cash flow margin 11.57% 37.32% 3.89%
Return on equity 30.70% (12.73%) 0.00%
Return on assets 17.92% 73.26% 2.23%
Return on invested capital 61.76% 0.00% 5.27%

Growth

Metric CRVL NP Insurance Brokers median
Revenue growth (TTM) 7.09% — 7.09%
EPS growth (last fiscal year) 16.94% (170.16%) —
Revenue growth, 5-year CAGR 11.64% — 9.30%
Net income growth, 5-year CAGR 18.94% — 0.00%

Health

Metric CRVL NP Insurance Brokers median
Debt to equity 0.00 (1.08) 0.19
Current ratio 1.94 2.07 1.55
Net debt to EBITDA (1.33) 2.65 0.89

Dividend

Metric CRVL NP Insurance Brokers median
Dividend yield — — 1.36%
Payout ratio 0.00 — 0.00

Size

Metric CRVL NP Insurance Brokers median
Market cap 3.72b 3.72b 1.44b

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