CorVel Corporation CRVL R2K
CorVel Corporation provides workers' compensation, general and auto liability, and hospital bill auditing and payment integrity solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing; preferred provider management and reimbursement; retrospective utilization, facility claim, and professional review; pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions. In addition, it provides a range of patient management services, such as claims management customers, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company offers solutions to employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. CorVel Corporation was incorporated in 1987 and is based in Fort Worth, Texas.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 30.8%.
- Healthy ROCE of 34.5%.
- Compounding revenue at 10.1% over 5 years.
- Profit CAGR of 18.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 44.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CRVL CorVel Corporation R2K | 61.75 | 28.86 | $3.13B | - | 34.50% | 30.81% | 10.08% | 18.47% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 137.61M | 136.43M | 140.73M | 143.57M | 150.40M | 148.18M | 146.08M | 151.08M | 150.14M | 146.97M | 148.09M | 147.02M | 129.60M | 136.03M | 141.51M | 145.51M | 152.62M | 157.74M | 164.51M | 171.36M | 176.31M | 177.43M | 179.39M | 185.44M | 190.25M | 195.52M | 202.30M | 207.23M | 211.72M | 224.38M | 227.97M | 231.51M | 234.71M | 239.64M | 235.62M | 248.55M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 175.12M | 173.33M | 177.95M | 181.47M | 180.71M | 185.54M |
| Gross Profit | 25.58M | 25.91M | 25.58M | 27.72M | 28.78M | 25.75M | 25.57M | 27.15M | 31.35M | 31.49M | 29.35M | 32.61M | 33.13M | 32.84M | 29.25M | 30.69M | 26.51M | 30.50M | 30.89M | 35.72M | 37.21M | 36.66M | 35.19M | 43.05M | 39.87M | 36.09M | 40.34M | 41.95M | 41.88M | 44.25M | 42.16M | 43.40M | 48.16M | 50.75M | 52.86M | 58.18M | 56.76M | 58.18M | 54.92M | 63.01M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.06M | 24.86M | 21.48M | 22.28M | 22.68M | 23.29M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30.80M | 33.32M | 35.28M | 35.90M | 32.23M | 39.72M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.30M | 40.92M | 42.87M | 43.74M | 40.30M | 47.98M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30.80M | 33.32M | 35.28M | 35.90M | 32.23M | 39.72M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.03M | 6.90M | 8.05M | 7.99M | 8.06M | 8.69M |
| Net Income | 7.49M | 6.95M | 7.05M | 7.99M | 8.78M | 8.39M | 9.57M | 8.96M | 11.78M | 12.79M | 10.30M | 11.84M | 13.41M | 12.87M | 9.35M | 11.75M | 8.30M | 11.87M | 11.38M | 14.81M | 16.84M | 16.07M | 13.86M | 19.64M | 16.69M | 14.66M | 16.85M | 18.17M | 19.80M | 19.90M | 17.09M | 19.45M | 21.58M | 23.40M | 23.77M | 26.42M | 27.23M | 27.91M | 24.17M | 31.03M |
| Diluted EPS | 0.38 | 0.35 | 0.36 | 0.42 | 0.46 | 0.44 | 0.50 | 0.47 | 0.62 | 0.67 | 0.54 | 0.63 | 0.71 | 0.69 | 0.50 | 0.64 | 0.46 | 0.65 | 0.63 | 0.81 | 0.92 | 0.88 | 0.76 | 1.09 | 0.94 | 0.83 | 0.96 | 1.04 | 1.14 | 1.15 | 0.33 | 1.12 | 0.42 | 0.45 | - | 0.51 | 0.52 | 0.54 | 0.47 | 0.61 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 518.69M | 558.35M | 595.74M | 592.23M | 552.64M | - | 718.56M | 795.31M | 895.59M | 958.53M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 560.30M | 623.62M | 685.86M | 725.66M |
| Gross Profit | 85.54M | 96.57M | 93.84M | 91.66M | 108.48M | 99.97M | 104.54M | 104.79M | 107.25M | 124.81M | 125.92M | 123.62M | - | 158.26M | 171.69M | 209.73M | 232.86M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 73.70M | 76.59M | 88.90M | 89.73M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 84.55M | 95.10M | 120.82M | 143.13M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 109.67M | 121.35M | 150.36M | 174.90M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 84.55M | 95.10M | 120.82M | 143.13M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.19M | 18.85M | 25.66M | 32.79M |
| Net Income | 26.10M | 24.66M | 26.55M | 26.73M | 34.39M | 28.59M | 28.52M | 29.48M | 35.70M | 46.70M | 47.38M | 46.36M | - | 66.36M | 76.25M | 95.17M | 110.34M |
| Diluted EPS | 2.06 | 2.05 | 1.14 | 1.19 | 1.61 | 1.37 | 1.43 | 1.51 | 1.87 | 2.46 | 2.55 | 2.55 | 1.22 | 1.26 | 1.47 | 1.83 | - |
Compounded Sales Growth
| 5 Years: | 10.08% |
| 1 Year: | 7.40% |
Compounded Profit Growth
| 5 Years: | 18.47% |
| 1 Year: | 18.90% |
Stock Price Performance
| 1 Year: | -44.50% |
| 6 Months: | -16.92% |
| 3 Months: | +19.72% |
| 1 Month: | +6.19% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 164.22M | 171.88M | 182.38M | 214.48M | 211.57M | 220.27M | 235.38M | 274.00M | 318.02M | 416.26M | 424.76M | - | 393.92M | 454.68M | 545.98M | 642.99M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 243.77M | 302.23M | 386.69M | 462.30M |
| Cash & Equivalents | 13.22M | 10.24M | 12.27M | 6.60M | 19.82M | 34.87M | 25.52M | 32.78M | 28.61M | 55.77M | 91.71M | 83.22M | 139.72M | - | 71.33M | 105.56M | 170.58M | 233.07M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54.40M | 54.69M | 57.63M | 63.47M |
| Total Liabilities | - | - | 64.59M | 61.50M | 70.98M | 87.96M | 83.65M | 88.32M | 96.74M | 102.83M | 123.21M | 226.55M | 204.36M | - | 191.75M | 207.03M | 223.99M | 248.75M |
| Current Liabilities | - | - | 54.84M | 44.76M | 52.76M | 71.84M | 74.09M | 80.42M | 90.05M | 97.99M | 116.92M | 133.69M | 162.46M | - | 167.89M | 184.50M | 204.04M | 228.07M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.76M | 31.40M | 28.08M | 28.11M |
| Total Equity | 96.30M | 95.73M | 99.64M | 110.38M | 111.40M | 126.52M | 127.92M | 131.95M | 138.65M | 171.18M | 194.81M | 189.71M | 220.40M | - | 202.18M | 247.65M | 321.99M | 394.23M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 164.96M | 165.49M | 165.84M | 166.17M |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 38.06M | 45.06M | 35.67M | 54.82M | - | - | 51.31M | 52.05M | 62.15M | 78.64M | 80.83M | 94.38M | 67.22M | 82.29M | 99.24M | 127.31M | 155.64M |
| Investing Cash Flow | -12.27M | -19.74M | -23.26M | -14.89M | - | - | -17.36M | -31.01M | -27.69M | -15.27M | -32.36M | -17.24M | -29.82M | -26.32M | -29.24M | -35.76M | -45.36M |
| Financing Cash Flow | -28.77M | -23.30M | -18.09M | -26.71M | - | - | -26.69M | -25.21M | -7.30M | -27.42M | -56.96M | -20.64M | -79.61M | -82.14M | -35.76M | -26.54M | -47.80M |
| Capital Expenditure | -11.67M | -18.50M | -23.21M | -14.89M | -18.34M | -22.87M | -16.76M | -31.04M | -27.69M | -15.27M | -32.36M | -17.24M | -29.82M | -26.32M | -29.24M | -35.76M | -45.36M |
| Free Cash Flow | 26.39M | 26.56M | 12.46M | 39.93M | - | - | 34.55M | 21.01M | 34.46M | 63.37M | 48.47M | 77.14M | 37.40M | 55.97M | 70.00M | 91.56M | 110.28M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | -42.21M | -26.18M | 34.23M | 65.02M | 62.49M |
| Share Buybacks | 32.56M | 30.61M | 21.64M | 30.73M | 27.18M | 31.80M | 31.52M | 28.00M | 11.19M | 35.17M | 65.61M | 32.67M | 90.08M | 93.67M | 45.71M | 37.60M | 56.21M |
Ratios (Annual)
Figures in %.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 20.2% | 19.2% | 21.0% | 21.3% | 22.4% | - | 22.0% | 21.6% | 23.4% | 24.3% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.8% | 12.0% | 13.5% | 14.9% |
| Net Margin % | - | - | - | - | - | - | - | 5.7% | 6.4% | 7.8% | 8.0% | 8.4% | - | 9.2% | 9.6% | 10.6% | 11.5% |
| ROE % | 27.3% | 24.8% | 24.1% | 24.0% | 27.2% | 22.3% | 21.6% | 21.3% | 20.9% | 24.0% | 25.0% | 21.0% | - | 32.8% | 30.8% | 29.6% | 28.0% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.4% | 35.2% | 35.3% | 34.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.62% | 4.88M | $301.15M |
| 2 | Kayne Anderson Rudnick Investment Management LLC | 9.61% | 4.87M | $300.78M |
| 3 | Vanguard Portfolio Management LLC | 3.34% | 1.69M | $104.44M |
| 4 | Renaissance Technologies, LLC | 3.19% | 1.62M | $99.90M |
| 5 | Vanguard Capital Management LLC | 2.56% | 1.30M | $80.09M |
| 6 | State Street Corporation | 2.39% | 1.21M | $74.67M |
| 7 | Dimensional Fund Advisors LP | 2.29% | 1.16M | $71.66M |
| 8 | Geode Capital Management, LLC | 1.85% | 937.55K | $57.89M |
| 9 | Morgan Stanley | 1.37% | 694.91K | $42.91M |
| 10 | Wells Fargo & Company | 0.91% | 461.92K | $28.52M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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