Symbols / CRVL Stock $57.69 +1.23% CorVel Corporation

Financial Services • Insurance Brokers • United States • NMS
CRVL (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance Brokers
CEO Mr. Michael G. Combs
Exch · Country NMS · United States
Market Cap 2.96B
Enterprise Value 2.75B
Income 105.73M
Sales 941.49M
FCF (ttm) 98.29M
Book/sh 7.35
Cash/sh 4.50
Employees 5,075
Insider 10d —
IPO Jun 28, 1991
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 28.28
Forward P/E —
PEG -0.11
P/S 3.14
P/B 7.85
P/C —
EV/EBITDA 16.37
EV/Sales 2.92
Quick Ratio 1.33
Current Ratio 1.85
Debt/Eq 6.91
LT Debt/Eq —
EPS (ttm) 2.04
EPS next Y —
EPS Growth 2.20%
Revenue Growth 3.40%
EPS Gr Q/Q 1.70%
Rev Gr Q/Q —
Earnings (next) 2026-05-20
Earnings (prior) 2015-02-03
ROA 14.44%
ROE 31.26%
ROIC —
Gross Margin 24.22%
Oper. Margin 13.68%
Profit Margin 11.23%
Shs Outstand 51.15M
Shs Float 28.77M
Insider Own 43.86%
Instit Own 53.44%
Short Float 4.61%
Short Ratio 4.99
Short Interest 1.04M
52W High 117.22
vs 52W High -50.78%
52W Low 44.83
vs 52W Low 28.69%
Beta 0.98
Impl. Vol. 31.01%
Rel Volume 0.62
Avg Volume 232.03K
Volume 143.15K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $56.99
Price $57.69
Change 1.23%
About

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 review, facility claim review, 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, 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$57.69
Latest analyst target
3. DCF / Fair value
$34.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$57.69
Low
—
High
—
Mean
—
News
RSS: Latest CRVL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-22 BERTELS MARK E Officer — 1,050 $39.83 $41,818
2026-03-31 COMBS MICHAEL G Chief Executive Officer — 62 $51.92 $3,219
2026-03-31 YOSS JENNIFER L Officer — 50 $51.92 $2,596
2026-03-31 BERTELS MARK E Officer — 12 $51.92 $623
2026-03-16 SHISHIN MAXIM Chief Technology Officer — 2,400 $54.00 $129,604
2026-03-16 SHISHIN MAXIM Chief Technology Officer — 2,400 $39.83 $95,585
2026-03-09 COMBS MICHAEL G Chief Executive Officer — 8,013 $54.00 $432,702
2026-02-13 HAMERSLAG STEVEN J Director — 20,000 $47.17 $955,800
2026-01-05 COMBS MICHAEL G Chief Executive Officer — 28,407 $34.44 $1,468,242
2025-12-11 HAMERSLAG STEVEN J Director — 7,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
895.59
+12.61%
795.31
+10.68%
718.56
+11.19%
646.23
Operating Revenue
895.59
+12.61%
795.31
+10.68%
718.56
+11.19%
646.23
Cost Of Revenue
685.86
+9.98%
623.62
+11.30%
560.30
+13.40%
494.12
Reconciled Cost Of Revenue
685.86
+9.98%
623.62
+11.30%
560.30
+13.40%
494.12
Gross Profit
209.73
+22.15%
171.69
+8.49%
158.26
+4.04%
152.11
Operating Expense
88.90
+16.07%
76.59
+3.92%
73.70
+9.03%
67.60
Selling General And Administration
88.90
+16.07%
76.59
+3.92%
73.70
+9.03%
67.60
General And Administrative Expense
88.90
+16.07%
76.59
+3.92%
73.70
+9.03%
67.60
Other Gand A
88.90
+16.07%
76.59
+3.92%
73.70
+9.03%
67.60
Total Expenses
774.76
+10.65%
700.21
+10.44%
634.01
+12.87%
561.72
Operating Income
120.82
+27.05%
95.10
+12.47%
84.55
+0.05%
84.51
EBITDA
150.36
+23.90%
121.35
+10.65%
109.67
+1.15%
108.43
Normalized EBITDA
150.36
+23.90%
121.35
+10.65%
109.67
+1.15%
108.43
Reconciled Depreciation
29.54
+12.51%
26.25
+4.50%
25.12
+5.04%
23.92
EBIT
120.82
+27.05%
95.10
+12.47%
84.55
+0.05%
84.51
Net Income
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Pretax Income
120.82
+27.05%
95.10
+12.47%
84.55
+0.05%
84.51
Tax Provision
25.66
+36.13%
18.85
+3.63%
18.19
+0.48%
18.10
Tax Rate For Calcs
0.00
+5.00%
0.00
-9.09%
0.00
+4.76%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Net Income From Continuing Operation Net Minority Interest
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Net Income From Continuing And Discontinued Operation
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Net Income Continuous Operations
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Normalized Income
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Net Income Common Stockholders
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Diluted EPS
1.83
+24.77%
1.47
+16.71%
1.26
+3.01%
1.22
Basic EPS
1.85
+24.72%
1.48
+16.19%
1.28
+2.41%
1.25
Basic Average Shares
51.38
+0.03%
51.37
-1.19%
51.98
-2.39%
53.26
Diluted Average Shares
51.99
-0.09%
52.04
-1.39%
52.78
-2.95%
54.38
Diluted NI Availto Com Stockholders
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
545.98
+20.08%
454.68
+15.42%
393.92
-5.14%
415.25
Current Assets
386.69
+27.94%
302.23
+23.98%
243.77
-8.01%
264.99
Cash Cash Equivalents And Short Term Investments
170.58
+61.59%
105.56
+47.99%
71.33
-26.85%
97.50
Cash And Cash Equivalents
170.58
+61.59%
105.56
+47.99%
71.33
-26.85%
97.50
Receivables
104.13
+7.23%
97.11
+19.84%
81.03
-1.88%
82.59
Accounts Receivable
57.63
+5.38%
54.69
+0.54%
54.40
-1.60%
55.28
Gross Accounts Receivable
65.32
+10.84%
58.94
+3.00%
57.22
-1.08%
57.84
Allowance For Doubtful Accounts Receivable
-7.69
-81.15%
-4.25
-50.37%
-2.82
-10.19%
-2.56
Receivables Adjustments Allowances
—
—
-2.82
-10.19%
-2.56
Other Receivables
46.49
+9.61%
42.42
+59.23%
26.64
-2.45%
27.31
Taxes Receivable
—
11.42
+0.29%
11.38
-24.72%
15.12
Prepaid Assets
111.98
+12.47%
99.56
+8.92%
91.41
+7.66%
84.90
Total Non Current Assets
159.29
+4.49%
152.45
+1.53%
150.15
-0.07%
150.25
Net PPE
112.88
+2.66%
109.95
-0.49%
110.49
-0.72%
111.29
Gross PPE
354.37
+6.43%
332.94
+1.68%
327.44
+2.58%
319.21
Accumulated Depreciation
-241.49
-8.29%
-222.99
-2.78%
-216.95
-4.34%
-207.93
Properties
0.00
0.00
0.00
0.00
Land And Improvements
11.05
-0.68%
11.12
+0.38%
11.08
+0.00%
11.08
Machinery Furniture Equipment
299.89
+7.20%
279.75
+3.48%
270.35
+6.21%
254.53
Other Properties
20.82
-13.44%
24.06
-13.21%
27.72
-20.84%
35.02
Leases
22.61
+25.52%
18.01
-1.56%
18.30
-1.54%
18.58
Goodwill And Other Intangible Assets
37.25
-1.02%
37.63
-1.11%
38.06
-1.10%
38.48
Goodwill
36.81
+0.00%
36.81
+0.00%
36.81
+0.00%
36.81
Other Intangible Assets
0.44
-46.65%
0.82
-34.00%
1.24
-25.46%
1.67
Non Current Deferred Assets
8.70
+145.53%
3.54
+1482.59%
0.22
0.00
Non Current Deferred Taxes Assets
8.70
+145.53%
3.54
+1482.59%
0.22
0.00
Other Non Current Assets
0.45
-65.55%
1.32
-4.49%
1.38
+186.90%
0.48
Total Liabilities Net Minority Interest
223.99
+8.19%
207.03
+7.97%
191.75
-5.47%
202.85
Current Liabilities
204.04
+10.59%
184.50
+9.89%
167.89
-2.03%
171.37
Payables And Accrued Expenses
63.63
+10.60%
57.53
+12.84%
50.99
-18.35%
62.45
Payables
16.79
+0.97%
16.63
+8.64%
15.31
+6.08%
14.43
Accounts Payable
15.42
-6.02%
16.41
+8.98%
15.06
+6.95%
14.08
Current Accrued Expenses
46.84
+14.51%
40.90
+14.64%
35.68
-25.69%
48.01
Total Tax Payable
1.37
+519.91%
0.22
-11.95%
0.25
-28.49%
0.35
Income Tax Payable
1.37
+519.91%
0.22
-11.95%
0.25
-28.49%
0.35
Current Debt And Capital Lease Obligation
8.13
-8.33%
8.86
-10.46%
9.90
-25.83%
13.35
Current Capital Lease Obligation
8.13
-8.33%
8.86
-10.46%
9.90
-25.83%
13.35
Current Deferred Liabilities
132.28
+12.00%
118.10
+10.38%
107.00
+11.95%
95.58
Current Deferred Revenue
132.28
+12.00%
118.10
+10.38%
107.00
+11.95%
95.58
Total Non Current Liabilities Net Minority Interest
19.95
-11.45%
22.53
-5.56%
23.86
-24.21%
31.48
Long Term Debt And Capital Lease Obligation
19.95
-11.45%
22.53
-5.56%
23.86
-19.91%
29.79
Long Term Capital Lease Obligation
19.95
-11.45%
22.53
-5.56%
23.86
-19.91%
29.79
Non Current Deferred Liabilities
—
—
0.00
-100.00%
1.69
Non Current Deferred Taxes Liabilities
—
—
0.00
-100.00%
1.69
Stockholders Equity
321.99
+30.02%
247.65
+22.49%
202.18
-4.81%
212.40
Common Stock Equity
321.99
+30.02%
247.65
+22.49%
202.18
-4.81%
212.40
Capital Stock
0.01
+66.67%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.01
+66.67%
0.00
+0.00%
0.00
+0.00%
0.00
Share Issued
165.84
+0.21%
165.49
+0.32%
164.96
+0.36%
164.37
Ordinary Shares Number
51.36
-0.05%
51.39
-0.24%
51.51
-2.27%
52.71
Treasury Shares Number
114.48
+0.33%
114.10
+0.57%
113.45
+1.61%
111.66
Additional Paid In Capital
250.41
+7.18%
233.63
+6.83%
218.70
+8.48%
201.61
Retained Earnings
903.09
+11.78%
807.92
+10.42%
731.67
+9.98%
665.30
Treasury Stock
831.51
+4.74%
793.90
+6.11%
748.20
+14.31%
654.52
Total Equity Gross Minority Interest
321.99
+30.02%
247.65
+22.49%
202.18
-4.81%
212.40
Total Capitalization
321.99
+30.02%
247.65
+22.49%
202.18
-4.81%
212.40
Working Capital
182.65
+55.14%
117.73
+55.15%
75.88
-18.95%
93.62
Invested Capital
321.99
+30.02%
247.65
+22.49%
202.18
-4.81%
212.40
Total Debt
28.08
-10.57%
31.40
-7.00%
33.76
-21.74%
43.14
Capital Lease Obligations
28.08
-10.57%
31.40
-7.00%
33.76
-21.74%
43.14
Net Tangible Assets
284.74
+35.58%
210.01
+27.96%
164.12
-5.63%
173.91
Tangible Book Value
284.74
+35.58%
210.01
+27.96%
164.12
-5.63%
173.91
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
127.31
+28.29%
99.24
+20.60%
82.29
+22.41%
67.22
Cash Flow From Continuing Operating Activities
127.31
+28.29%
99.24
+20.60%
82.29
+22.41%
67.22
Net Income From Continuing Operations
95.17
+24.80%
76.25
+14.90%
66.36
-0.07%
66.41
Depreciation Amortization Depletion
29.54
+12.51%
26.25
+4.50%
25.12
+5.04%
23.92
Depreciation
—
25.83
+4.59%
24.70
—
Amortization Cash Flow
—
0.42
-0.47%
0.42
—
Depreciation And Amortization
29.54
+12.51%
26.25
+4.50%
25.12
+5.04%
23.92
Amortization Of Intangibles
—
0.42
-0.47%
0.42
—
Stock Based Compensation
5.71
+14.69%
4.98
-10.38%
5.56
+6.94%
5.20
Provisionand Write Offof Assets
3.44
+88.46%
1.83
+50.33%
1.22
+669.62%
0.16
Asset Impairment Charge
0.44
+52.76%
0.29
-30.12%
0.41
+240.16%
0.12
Deferred Tax
-5.16
-55.34%
-3.32
-73.60%
-1.91
-183.10%
2.30
Deferred Income Tax
-5.16
-55.34%
-3.32
-73.60%
-1.91
-183.10%
2.30
Change In Working Capital
-1.83
+74.04%
-7.05
+51.32%
-14.47
+53.13%
-30.88
Change In Receivables
-10.46
+41.55%
-17.90
-5427.98%
0.34
+101.86%
-18.02
Changes In Account Receivables
-10.46
+41.55%
-17.90
-5427.98%
0.34
+101.86%
-18.02
Change In Prepaid Assets
0.91
+2943.75%
-0.03
-100.86%
3.74
+152.53%
-7.12
Change In Payables And Accrued Expense
19.54
+17.61%
16.61
+289.72%
-8.76
-192.41%
9.47
Change In Accrued Expense
19.38
+26.72%
15.29
+450.61%
-4.36
-154.16%
8.05
Change In Payable
0.16
-87.75%
1.32
+130.08%
-4.39
-408.85%
1.42
Change In Other Working Capital
-13.33
-64.16%
-8.12
+20.71%
-10.24
+22.91%
-13.28
Change In Other Current Assets
0.86
+1338.33%
0.06
+106.53%
-0.92
-580.74%
-0.14
Change In Other Current Liabilities
0.65
-72.05%
2.34
+70.89%
1.37
+175.86%
-1.80
Investing Cash Flow
-35.76
-22.28%
-29.24
-11.09%
-26.32
+11.73%
-29.82
Cash Flow From Continuing Investing Activities
-35.76
-22.28%
-29.24
-11.09%
-26.32
+11.73%
-29.82
Net PPE Purchase And Sale
-35.76
-22.28%
-29.24
-11.09%
-26.32
+11.73%
-29.82
Purchase Of PPE
-35.76
-22.28%
-29.24
-11.09%
-26.32
+11.73%
-29.82
Capital Expenditure
-35.76
-22.28%
-29.24
-11.09%
-26.32
+11.73%
-29.82
Financing Cash Flow
-26.54
+25.79%
-35.76
+56.46%
-82.14
-3.18%
-79.61
Cash Flow From Continuing Financing Activities
-26.54
+25.79%
-35.76
+56.46%
-82.14
-3.18%
-79.61
Net Common Stock Issuance
-37.60
+17.73%
-45.71
+51.20%
-93.67
-3.99%
-90.08
Common Stock Payments
-37.60
+17.73%
-45.71
+51.20%
-93.67
-3.99%
-90.08
Repurchase Of Capital Stock
-37.60
+17.73%
-45.71
+51.20%
-93.67
-3.99%
-90.08
Proceeds From Stock Option Exercised
11.07
+11.25%
9.95
-13.74%
11.53
+10.14%
10.47
Changes In Cash
65.02
+89.93%
34.23
+230.79%
-26.18
+37.99%
-42.21
Beginning Cash Position
105.56
+47.99%
71.33
-26.85%
97.50
-30.21%
139.72
End Cash Position
170.58
+61.59%
105.56
+47.99%
71.33
-26.85%
97.50
Free Cash Flow
91.56
+30.81%
70.00
+25.07%
55.97
+49.64%
37.40
Income Tax Paid Supplemental Data
28.09
+22.83%
22.87
+14.41%
19.99
+3.03%
19.41
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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