CorVel Corp. (CRVL) vs Ryan Specialty Holdings Inc. (RYAN)

CorVel Corp. and Ryan Specialty Holdings Inc. are both Insurance Brokers companies. Ryan Specialty Holdings Inc. is the larger, with a market value of $11.2B against $4.2B — 2.7× the size. CorVel Corp. trades at the lower P/E: 37.0× against 59.0×. Ryan Specialty Holdings Inc. grew revenue faster over the last twelve months: 9.77% against 7.09%. CorVel Corp. has the higher net margin (11.7% vs 4.80%) and the higher return on invested capital (61.8% vs 7.19%). Across the 20 metrics below, CorVel Corp. leads on 11 and Ryan Specialty Holdings Inc. on 9.

Valuation

Metric CRVL RYAN Insurance Brokers median
P/E 37.00 59.01 25.10
P/S 4.30 1.75 2.98
P/B 10.34 6.31 3.18
Price to free cash flow 37.16 11.41 22.89
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 2.70% 1.69% 2.74%
Free cash flow yield 2.69% 8.77% 3.19%

Profitability

Metric CRVL RYAN Insurance Brokers median
Gross margin 24.79% 100.00% 49.44%
Operating margin 15.37% 15.59% 15.48%
Net margin 11.72% 4.80% 8.78%
Free cash flow margin 11.57% 15.34% 5.26%
Return on equity 30.70% 14.62% 3.24%
Return on assets 17.92% 1.49% 2.51%
Return on invested capital 61.76% 7.19% 5.83%

Growth

Metric CRVL RYAN Insurance Brokers median
Revenue growth (TTM) 7.09% 9.77% 9.77%
EPS growth (last fiscal year) 16.94% (33.80%) (8.67%)
Revenue growth, 5-year CAGR 11.64% 24.54% 9.30%
Net income growth, 5-year CAGR 18.94% (1.42%) 0.00%

Health

Metric CRVL RYAN Insurance Brokers median
Debt to equity 0.00 4.08 0.49
Current ratio 1.94 1.01 1.60
Net debt to EBITDA (1.33) 4.00 1.20

Dividend

Metric CRVL RYAN Insurance Brokers median
Dividend yield — 1.12% 1.17%
Payout ratio — 0.60 0.33

Size

Metric CRVL RYAN Insurance Brokers median
Market cap 4.15b 11.16b 2.82b

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