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CORVEL CORP

CRVL Clue Score62
United States Fiscal year ends March CIK 0000874866
$77.16 +1.06% Close, 9 Oct 2026
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Price $77.16 −54.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue518.7Net income29.5EPS, diluted1.51Fiscal year 2018Revenue558.4 +7.6%Net income35.7 +21.1%EPS, diluted1.87Fiscal year 2019Revenue595.7 +6.7%Net income46.7 +30.8%EPS, diluted2.46Fiscal year 2020Revenue592.2 −0.6%Net income47.4 +1.4%EPS, diluted2.55Fiscal year 2021Revenue552.6 −6.7%Net income46.4 −2.2%EPS, diluted2.55Fiscal year 2022Revenue646.2 +16.9%Net income66.4 +43.3%EPS, diluted3.66Fiscal year 2023Revenue718.6 +11.2%Net income66.4 −0.1%EPS, diluted1.26Fiscal year 2024Revenue795.3 +10.7%Net income76.3 +14.9%EPS, diluted1.47Fiscal year 2025Revenue895.6 +12.6%Net income95.2 +24.8%EPS, diluted1.83Fiscal year 2026Revenue958.5 +7.0%Net income110.3 +16.0%EPS, diluted2.14
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 518.7 558.4 595.7 592.2 552.6 646.2 718.6 795.3 895.6 958.5
Growth +7.6% +6.7% −0.6% −6.7% +16.9% +11.2% +10.7% +12.6% +7.0%
Net income 29.5 35.7 46.7 47.4 46.4 66.4 66.4 76.3 95.2 110.3
Growth +21.1% +30.8% +1.4% −2.2% +43.3% −0.1% +14.9% +24.8% +16.0%
EPS, diluted 1.51 1.87 2.46 2.55 2.55 3.66 1.26 1.47 1.83 2.14

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2017Gross margin20.2%Net margin5.7%Free cash flow margin4.1%Fiscal year 2018Gross margin19.2%Net margin6.4%Free cash flow margin6.2%Fiscal year 2019Gross margin21.0%Net margin7.8%Free cash flow margin10.6%Fiscal year 2020Gross margin21.3%Net margin8.0%Free cash flow margin8.2%Fiscal year 2021Gross margin22.4%Net margin8.4%Free cash flow margin14.0%Fiscal year 2022Gross margin23.5%Net margin10.3%Free cash flow margin5.8%Fiscal year 2023Gross margin22.0%Net margin9.2%Free cash flow margin7.8%Fiscal year 2024Gross margin21.6%Net margin9.6%Free cash flow margin8.8%Fiscal year 2025Gross margin23.4%Net margin10.6%Free cash flow margin10.2%Fiscal year 2026Gross margin24.3%Net margin11.5%Free cash flow margin11.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 20.2% 19.2% 21.0% 21.3% 22.4% 23.5% 22.0% 21.6% 23.4% 24.3%
Net margin 5.7% 6.4% 7.8% 8.0% 8.4% 10.3% 9.2% 9.6% 10.6% 11.5%
Free cash flow margin 4.1% 6.2% 10.6% 8.2% 14.0% 5.8% 7.8% 8.8% 10.2% 11.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow52.1Capital expenditure−31.0Free cash flow21.0Buybacks−28.0Fiscal year 2018Operating cash flow62.2Capital expenditure−27.7Free cash flow34.5 +64.0%Buybacks−11.2Fiscal year 2019Operating cash flow78.6Capital expenditure−15.3Free cash flow63.4 +83.9%Buybacks−35.2Fiscal year 2020Operating cash flow80.8Capital expenditure−32.4Free cash flow48.5 −23.5%Buybacks−65.6Fiscal year 2021Operating cash flow94.4Capital expenditure−17.2Free cash flow77.1 +59.2%Buybacks−32.7Fiscal year 2022Operating cash flow67.2Capital expenditure−29.8Free cash flow37.4 −51.5%Buybacks−90.1Fiscal year 2023Operating cash flow82.3Capital expenditure−26.3Free cash flow56.0 +49.6%Buybacks−93.7Fiscal year 2024Operating cash flow99.2Capital expenditure−29.2Free cash flow70.0 +25.1%Buybacks−45.7Fiscal year 2025Operating cash flow127.3Capital expenditure−35.8Free cash flow91.6 +30.8%Buybacks−37.6Fiscal year 2026Operating cash flow155.6Capital expenditure−45.4Free cash flow110.3 +20.4%Buybacks−56.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 52.1 62.2 78.6 80.8 94.4 67.2 82.3 99.2 127.3 155.6
Capital expenditure −31.0 −27.7 −15.3 −32.4 −17.2 −29.8 −26.3 −29.2 −35.8 −45.4
Free cash flow 21.0 34.5 63.4 48.5 77.1 37.4 56.0 70.0 91.6 110.3
Growth +64.0% +83.9% −23.5% +59.2% −51.5% +49.6% +25.1% +30.8% +20.4%
Buybacks −28.0 −11.2 −35.2 −65.6 −32.7 −90.1 −93.7 −45.7 −37.6 −56.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash28.6Shareholders’ equity138.6Fiscal year 2018Cash55.8Shareholders’ equity171.2Fiscal year 2019Cash91.7Shareholders’ equity194.8Fiscal year 2020Cash83.2Shareholders’ equity189.7Fiscal year 2021Cash139.7Shareholders’ equity220.4Fiscal year 2022Cash97.5Shareholders’ equity212.4Fiscal year 2023Cash71.3Shareholders’ equity202.2Fiscal year 2024Cash105.6Shareholders’ equity247.6Fiscal year 2025Cash170.6Shareholders’ equity322.0Fiscal year 2026Cash233.1Shareholders’ equity394.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 28.6 55.8 91.7 83.2 139.7 97.5 71.3 105.6 170.6 233.1
Shareholders’ equity 138.6 171.2 194.8 189.7 220.4 212.4 202.2 247.6 322.0 394.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
20.2% 19.2% 21.0% 21.3% 22.4% 23.5% 22.0% 21.6% 23.4% 24.3%
9.2% 8.6% 10.3% 10.3% 10.7% 13.1% 11.8% 12.0% 13.5% 14.9%
5.7% 6.4% 7.8% 8.0% 8.4% 10.3% 9.2% 9.6% 10.6% 11.5%
4.1% 6.2% 10.6% 8.2% 14.0% 5.8% 7.8% 8.8% 10.2% 11.5%
Spending
11.0% 10.6% 10.6% 11.0% 11.7% 10.5% 10.3% 9.6% 9.9% 9.4%
6.0% 5.0% 2.6% 5.5% 3.1% 4.6% 3.7% 3.7% 4.0% 4.7%
38.0% 25.5% 24.1% 22.0% 21.7% 21.4% 21.5% 19.8% 21.2% 22.9%
Returns
21.3% 20.9% 24.0% 25.0% 21.0% 31.3% 32.8% 30.8% 29.6% 28.0%
12.5% 13.0% 14.7% 11.4% 10.9% 16.0% 16.8% 16.8% 17.4% 17.2%
Balance and payout
41.1% 37.5% 38.7% 54.4% 48.1% 48.9% 48.7% 45.5% 41.0% 38.7%
133.3% 32.5% 55.5% 135.4% 42.4% 240.8% 167.4% 65.3% 41.1% 51.0%