# CorVel Corporation (CRVL)

> Source: Nexqual · https://nexqual.com/CRVL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, CorVel Corporation (CRVL), nexqual.com/CRVL" · informational, not investment advice.

**Price:** USD 83.88 (+3.93% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 80.71 · day 81.54–84.16 · 52w 44.83–84.16 · market cap $4.24B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $984M, net income $115M (11.7% margin), free cash flow $114M (SEC filings).
- Valuation: P/E 36.7x (avg 48.9x at the last 3 fiscal year-ends).
- Total return with dividends: 1Y +11.8% vs S&P 500 +14.9%; 5Y +44.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $646M | $719M | $795M | $896M | $959M | $984M |
| Gross profit | $152M | $158M | $172M | $210M | $233M | — |
| Net income | $66.4M | $66.4M | $76.3M | $95.2M | $110M | $115M |
| EPS (diluted) | $1.22 | $1.26 | $1.47 | $1.83 | $2.14 | — |
| Free cash flow | $37.4M | $56.0M | $70.0M | $91.6M | $110M | $114M |
| Gross margin | 23.5% | 22.0% | 21.6% | 23.4% | 24.3% | — |
| Net margin | 10.3% | 9.2% | 9.6% | 10.6% | 11.5% | 11.7% |
| Revenue growth | +16.9% | +11.2% | +10.7% | +12.6% | +7.0% | — |
| Cash + short-term investments | $97.5M | $71.3M | $106M | $171M | $233M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 36.7x · P/S 4.3x · P/FCF 37.2x · P/B 10.4x · FCF yield 2.69% · Earnings yield 2.72% · Buyback yield (TTM) 1.62%
P/E at fiscal year-ends: Mar 2026 25.6x, Mar 2025 61.2x, Mar 2024 59.8x.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +11.8% | +44.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.8% | +7.5% |
| Volatility (annualized) | 43.8% | 34.1% |
| Max drawdown | -40.7% (Nov 2025→Feb 2026) | -60.6% (Nov 2024→Feb 2026) |

## Peers (Insurance Brokers)
NP (Neptune Insurance Holdings Inc.) USD 28.72 +1.16% · ARX (Accelerant Holdings) USD 19.76 +0.05% · BWIN (The Baldwin Insurance Group, In) USD 31.89 -0.09% · LIFE (Ethos Technologies Inc.) USD 43.53 -1.56% · GSHD (Goosehead Insurance, Inc.) USD 50.62 +11.69% · RYAN (Ryan Specialty Holdings, Inc.) USD 44.49 +5.28%

## More
Full page: https://nexqual.com/CRVL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends 2015-06-30) | — | — | — | $0 | — |
| Current fiscal year (ends 2015-03-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |