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CorVel Corporation CRVL R2K

Financial Services · Insurance Brokers · United States
https://www.corvel.com

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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$61.75
-44.50% 1Y

Market & Price

Market Cap
$3.13B
Current Price
$61.75
High / Low (52W)
$111.81 / $46.00
Beta
0.98

Valuation

Stock P/E
28.86
Industry PE
12.01
Forward P/E
-
PEG Ratio
-0.11
Book Value
$7.35
Price to Book
8.41
P/S
3.27
EV/EBITDA
16.73
Dividend Yield
-

Profitability & Returns

ROCE
34.50%
ROE
30.81%
ROA
15.05%
Profit Margin
11.51%
Op Margin
15.98%
EPS (Latest Qtr)
$0.61
EPS (TTM)
$2.14

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
1.47
Current Ratio
2.03
Debt
$28.11M
Total Assets
$642.99M
Current Assets
$462.30M
Working Capital
$234.23M

Ownership

Promoter Holding
44.26%
Chg in Prom Hold
-
FII / Inst Holding
55.39%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$2.93B
Total Revenue (TTM)
$958.53M
EBITDA
$174.90M
Free Cash Flow
$92.89M
Operating Cash Flow
$155.64M
Shares Outstanding
50.69M
Gross Margin
24.29%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
10.08%
Profit 5Y
18.47%
Revenue (YoY)
7.40%
Earnings (YoY)
18.90%

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

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv 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%
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Quarterly Results

Figures in USD.

Metric Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----137.61M136.43M140.73M143.57M150.40M148.18M146.08M151.08M150.14M146.97M148.09M147.02M129.60M136.03M141.51M145.51M152.62M157.74M164.51M171.36M176.31M177.43M179.39M185.44M190.25M195.52M202.30M207.23M211.72M224.38M227.97M231.51M234.71M239.64M235.62M248.55M
Cost of Revenue ----------------------------------175.12M173.33M177.95M181.47M180.71M185.54M
Gross Profit 25.58M25.91M25.58M27.72M28.78M25.75M25.57M27.15M31.35M31.49M29.35M32.61M33.13M32.84M29.25M30.69M26.51M30.50M30.89M35.72M37.21M36.66M35.19M43.05M39.87M36.09M40.34M41.95M41.88M44.25M42.16M43.40M48.16M50.75M52.86M58.18M56.76M58.18M54.92M63.01M
Operating Expenses ----------------------------------22.06M24.86M21.48M22.28M22.68M23.29M
Operating Income ----------------------------------30.80M33.32M35.28M35.90M32.23M39.72M
EBITDA ----------------------------------38.30M40.92M42.87M43.74M40.30M47.98M
Interest Expense ----------------------------------------
Pretax Income ----------------------------------30.80M33.32M35.28M35.90M32.23M39.72M
Tax Provision ----------------------------------7.03M6.90M8.05M7.99M8.06M8.69M
Net Income 7.49M6.95M7.05M7.99M8.78M8.39M9.57M8.96M11.78M12.79M10.30M11.84M13.41M12.87M9.35M11.75M8.30M11.87M11.38M14.81M16.84M16.07M13.86M19.64M16.69M14.66M16.85M18.17M19.80M19.90M17.09M19.45M21.58M23.40M23.77M26.42M27.23M27.91M24.17M31.03M
Diluted EPS 0.380.350.360.420.460.440.500.470.620.670.540.630.710.690.500.640.460.650.630.810.920.880.761.090.940.830.961.041.141.150.331.120.420.45-0.510.520.540.470.61

Profit & Loss (Annual)

Figures in USD.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -------518.69M558.35M595.74M592.23M552.64M-718.56M795.31M895.59M958.53M
Cost of Revenue -------------560.30M623.62M685.86M725.66M
Gross Profit 85.54M96.57M93.84M91.66M108.48M99.97M104.54M104.79M107.25M124.81M125.92M123.62M-158.26M171.69M209.73M232.86M
Operating Expenses -------------73.70M76.59M88.90M89.73M
Operating Income -------------84.55M95.10M120.82M143.13M
EBITDA -------------109.67M121.35M150.36M174.90M
Interest Expense -----------------
Pretax Income -------------84.55M95.10M120.82M143.13M
Tax Provision -------------18.19M18.85M25.66M32.79M
Net Income 26.10M24.66M26.55M26.73M34.39M28.59M28.52M29.48M35.70M46.70M47.38M46.36M-66.36M76.25M95.17M110.34M
Diluted EPS 2.062.051.141.191.611.371.431.511.872.462.552.551.221.261.471.83-

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 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets --164.22M171.88M182.38M214.48M211.57M220.27M235.38M274.00M318.02M416.26M424.76M-393.92M454.68M545.98M642.99M
Current Assets --------------243.77M302.23M386.69M462.30M
Cash & Equivalents 13.22M10.24M12.27M6.60M19.82M34.87M25.52M32.78M28.61M55.77M91.71M83.22M139.72M-71.33M105.56M170.58M233.07M
Inventory ------------------
Receivables --------------54.40M54.69M57.63M63.47M
Total Liabilities --64.59M61.50M70.98M87.96M83.65M88.32M96.74M102.83M123.21M226.55M204.36M-191.75M207.03M223.99M248.75M
Current Liabilities --54.84M44.76M52.76M71.84M74.09M80.42M90.05M97.99M116.92M133.69M162.46M-167.89M184.50M204.04M228.07M
Long Term Debt ------------------
Total Debt --------------33.76M31.40M28.08M28.11M
Total Equity 96.30M95.73M99.64M110.38M111.40M126.52M127.92M131.95M138.65M171.18M194.81M189.71M220.40M-202.18M247.65M321.99M394.23M
Shares Outstanding --------------164.96M165.49M165.84M166.17M

Cash Flows (Annual)

Figures in USD.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 38.06M45.06M35.67M54.82M--51.31M52.05M62.15M78.64M80.83M94.38M67.22M82.29M99.24M127.31M155.64M
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 26.39M26.56M12.46M39.93M--34.55M21.01M34.46M63.37M48.47M77.14M37.40M55.97M70.00M91.56M110.28M
Net Change in Cash -------------42.21M-26.18M34.23M65.02M62.49M
Share Buybacks 32.56M30.61M21.64M30.73M27.18M31.80M31.52M28.00M11.19M35.17M65.61M32.67M90.08M93.67M45.71M37.60M56.21M

Ratios (Annual)

Figures in %.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Insiders
44.26%
Institutions
55.39%
Public Float
99.38%

Top Institutional Holders

#Holder% HeldSharesValue
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

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