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CorVel (CRVL) Financials

CorVel logo
$110.73 +0.29 (+0.26%)
Closing price 05/29/2025 04:00 PM Eastern
Extended Trading
$110.65 -0.08 (-0.07%)
As of 05/29/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for CorVel

Annual Income Statements for CorVel

This table shows CorVel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 3/31/2018 3/31/2017 3/31/2016 3/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 76 66 66 46 47 47 36 29 29 29
Consolidated Net Income / (Loss)		 76 66 66 46 47 47 36 29 29 29
Net Income / (Loss) Continuing Operations		 76 66 66 46 47 47 36 29 29 29
Total Pre-Tax Income 		95 85 85 59 61 62 48 48 46 46
Total Revenue		 795 719 646 553 592 596 558 519 504 493
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 795 719 646 553 592 596 558 519 504 493
Service Charges on Deposit Accounts		 795 719 646 - 592 - 558 - 504 493
Total Non-Interest Expense		 700 634 562 493 532 534 510 471 458 447
Other Operating Expenses		 700 634 562 493 532 534 510 471 458 447
Income Tax Expense		 19 18 18 13 13 15 12 18 18 17
Basic Earnings per Share		 $4.45 $3.83 $3.74 $2.59 $2.59 $2.48 $1.90 $1.52 $1.44 $1.38
Weighted Average Basic Shares Outstanding		 17.12M 17.33M 17.75M 17.93M 18.33M 18.79M 18.83M 19.42M 19.83M 20.67M
Diluted Earnings per Share		 $4.40 $3.77 $3.66 $2.55 $2.55 $2.46 $1.87 $1.51 $1.43 $1.37
Weighted Average Diluted Shares Outstanding		 17.35M 17.59M 18.13M 18.17M 18.60M 19.01M 19.04M 19.57M 20.00M 20.89M
Weighted Average Basic & Diluted Shares Outstanding		 17.12M 17.14M 17.49M 17.85M 18.01M 259.50M 324.50M 368.50M 407.50M 408.40M

Quarterly Income Statements for CorVel

This table shows CorVel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2022 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 24 23 22 17 20 20 18 17
Consolidated Net Income / (Loss)		 24 23 22 17 20 20 18 17
Net Income / (Loss) Continuing Operations		 24 23 22 17 20 20 18 17
Total Pre-Tax Income 		31 29 28 22 25 25 23 22
Total Revenue		 228 224 212 202 196 190 113 179
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 228 224 212 202 196 190 113 179
Other Non-Interest Income		 228 224 - - 196 190 - 179
Total Non-Interest Expense		 197 196 184 180 171 165 91 157
Other Operating Expenses		 197 196 184 180 171 165 91 157
Income Tax Expense		 7.03 5.27 6.46 5.27 4.82 5.62 4.34 5.37
Basic Earnings per Share		 $0.46 $1.37 $1.26 $0.33 $1.16 $1.16 $0.97 $0.98
Weighted Average Basic Shares Outstanding		 51.39M 17.13M 17.12M 51.32M 17.12M 17.14M 17.75M 17.25M
Diluted Earnings per Share		 $0.46 $1.35 $1.25 $0.33 $1.15 $1.14 $0.93 $0.96
Weighted Average Diluted Shares Outstanding		 52.04M 17.34M 17.31M 51.98M 17.35M 17.39M 18.13M 17.49M
Weighted Average Basic & Diluted Shares Outstanding		 51.36M 17.13M 17.13M - 17.11M 17.11M 17.49M 17.16M

Annual Cash Flow Statements for CorVel

This table details how cash moves in and out of CorVel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 3/31/2018 3/31/2017 3/31/2016 3/31/2015
Net Change in Cash & Equivalents		 34 -26 -42 56 -8.49 36 27 -4.17 7.26 -9.35
Net Cash From Operating Activities		 99 82 67 94 81 79 62 52 51 44
Net Cash From Continuing Operating Activities		 98 82 67 94 81 79 62 52 51 44
Net Income / (Loss) Continuing Operations		 76 66 66 46 47 47 36 29 29 29
Consolidated Net Income / (Loss)		 76 66 66 46 47 47 36 29 29 29
Provision For Loan Losses		 1.83 1.22 0.16 2.02 1.61 1.88 2.56 2.34 1.36 1.73
Depreciation Expense		 26 25 24 23 23 23 22 21 20 18
Non-Cash Adjustments to Reconcile Net Income		 1.95 4.06 7.62 -2.81 6.10 6.11 3.49 1.95 0.82 2.80
Changes in Operating Assets and Liabilities, net		 -8.37 -14 -31 25 3.22 0.97 -1.37 -2.66 0.66 -6.80
Net Cash From Investing Activities		 -29 -26 -30 -17 -32 -15 -28 -31 -17 -24
Net Cash From Continuing Investing Activities		 -29 -26 -30 -17 -32 -15 -28 -31 -17 -24
Purchase of Property, Leasehold Improvements and Equipment		 -29 -26 -30 -17 -32 -15 -28 -31 -17 -23
Net Cash From Financing Activities		 -36 -82 -80 -21 -57 -27 -7.30 -25 -27 -29
Net Cash From Continuing Financing Activities		 -36 -82 -80 -21 -57 -27 -7.30 -25 -27 -29
Repurchase of Common Equity		 -46 -94 -90 -33 -66 -35 -11 -28 -32 -32
Other Financing Activities, Net		 9.95 12 10 12 8.65 7.74 3.88 2.79 4.83 2.40
Cash Income Taxes Paid		 23 20 19 21 15 13 16 18 14 20

Quarterly Cash Flow Statements for CorVel

This table details how cash moves in and out of CorVel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2022 12/31/2021
Net Change in Cash & Equivalents		 25 6.44 26 15 5.16 15 -23 -2.30
Net Cash From Operating Activities		 42 22 40 29 18 37 -2.28 11
Net Cash From Continuing Operating Activities		 42 22 40 29 18 37 -2.28 11
Net Income / (Loss) Continuing Operations		 24 23 22 17 20 20 18 15
Consolidated Net Income / (Loss)		 24 23 22 17 20 20 18 15
Provision For Loan Losses		 -0.36 0.44 1.33 0.71 0.15 0.44 -0.92 -1.09
Depreciation Expense		 7.50 7.71 6.73 6.74 6.46 6.36 5.05 5.26
Non-Cash Adjustments to Reconcile Net Income		 0.74 1.77 0.88 -0.93 2.92 1.00 4.51 1.20
Changes in Operating Assets and Liabilities, net		 10 -11 9.93 5.75 -11 9.02 -29 -10
Net Cash From Investing Activities		 -9.54 -9.89 -7.67 -6.92 -7.23 -5.05 -11 -5.05
Net Cash From Continuing Investing Activities		 -9.54 -9.89 -7.67 -6.92 -7.23 -5.05 -11 -5.05
Purchase of Property, Leasehold Improvements and Equipment		 -9.54 -9.89 -7.67 -6.92 -7.23 -5.05 -11 -5.05
Net Cash From Financing Activities		 -7.52 -5.98 -6.42 -7.21 -5.61 -16 -9.80 -7.89
Net Cash From Continuing Financing Activities		 -7.52 -5.98 -6.42 -7.21 -5.61 -16 -9.80 -7.89
Repurchase of Common Equity		 -9.49 -9.59 -9.53 -9.32 -9.42 -18 -15 -13
Other Financing Activities, Net		 1.98 3.61 3.11 2.11 3.81 1.47 5.20 5.11
Cash Income Taxes Paid		 6.29 14 0.40 5.36 14 0.33 4.42 6.91

Annual Balance Sheets for CorVel

This table presents CorVel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 3/31/2018 3/31/2017 3/31/2016 3/31/2015
Total Assets		 455 394 415 425 416 318 274 235 220 212
Cash and Due from Banks		 106 71 98 140 83 92 56 29 33 26
Interest Bearing Deposits at Other Banks		 88 80 70 56 49 45 35 32 26 17
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 86 83 76 71 76 62 69 63 53 56
Goodwill		 37 37 37 37 37 37 37 37 37 37
Intangible Assets		 0.82 1.24 1.67 2.10 2.54 2.98 3.42 3.85 4.29 4.74
Other Assets		 137 122 133 119 169 79 73 71 67 71
Total Liabilities & Shareholders' Equity		 455 394 415 425 416 318 274 235 220 212
Total Liabilities		 207 192 203 204 227 123 103 97 88 84
Short-Term Debt		 17 - - 14 - - - - 13 16
Accrued Interest Payable		 168 153 157 149 117 105 85 73 67 58
Other Long-Term Liabilities		 23 24 31 42 93 6.29 4.84 6.69 7.91 9.56
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 248 202 212 220 190 195 171 139 132 128
Total Preferred & Common Equity		 248 202 212 220 190 195 171 139 132 128
Total Common Equity		 248 202 212 220 190 195 171 139 132 128
Common Stock		 234 219 202 186 169 156 144 136 130 123
Retained Earnings		 808 732 665 599 553 505 458 423 393 365
Treasury Stock		 -794 -748 -655 -564 -532 -466 -431 -420 -392 -360

Quarterly Balance Sheets for CorVel

This table presents CorVel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q2 2023 Q1 2023 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 9/30/2023 6/30/2023 12/31/2022
Total Assets		 539 519 486 434 418 408
Cash and Due from Banks		 163 138 132 92 87 78
Interest Bearing Deposits at Other Banks		 99 109 94 90 85 83
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 91 89 87 85 84 82
Goodwill		 37 37 37 37 37 37
Intangible Assets		 0.51 0.61 0.72 1.03 1.14 1.35
Other Assets		 148 145 136 129 124 127
Total Liabilities & Shareholders' Equity		 539 519 486 434 418 408
Total Liabilities		 238 236 222 212 211 213
Short-Term Debt		 17 14 - 15 20 17
Accrued Interest Payable		 200 199 182 171 167 170
Other Long-Term Liabilities		 21 23 22 25 23 26
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 301 283 264 223 207 195
Total Preferred & Common Equity		 301 283 264 223 207 195
Total Common Equity		 301 283 264 223 207 195
Common Stock		 247 243 238 227 221 211
Retained Earnings		 877 853 829 771 751 713
Treasury Stock		 -823 -813 -803 -775 -766 -730

Annual Metrics And Ratios for CorVel

This table displays calculated financial ratios and metrics derived from CorVel's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 3/31/2018 3/31/2017 3/31/2016 3/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 10.68% 11.19% 16.93% -6.68% -0.59% 6.70% 7.65% 3.00% 2.22% 2.88%
EBITDA Growth		 10.65% 1.15% 31.25% -0.74% -1.50% 21.27% 1.72% 3.76% 3.86% -12.84%
EBIT Growth		 12.47% 0.05% 42.82% -2.53% -1.30% 28.41% 0.74% 3.23% 1.09% -19.37%
NOPAT Growth		 14.90% -0.07% 43.26% -2.16% 1.44% 30.84% 21.09% 3.34% -0.23% -16.87%
Net Income Growth		 14.90% -0.07% 43.26% -2.16% 1.44% 30.84% 21.09% 3.34% -0.23% -16.87%
EPS Growth		 16.71% 3.01% 43.53% 0.00% 3.66% 31.55% 23.84% 5.59% 4.38% -14.91%
Operating Cash Flow Growth		 20.60% 22.41% -28.77% 16.77% 2.78% 26.53% 19.40% 1.44% 15.78% -19.13%
Free Cash Flow Firm Growth		 -59.81% -12.96% 4,108.08% -96.01% 127.40% 629.04% -91.21% 33.20% -9.53% 107.61%
Invested Capital Growth		 22.49% -4.81% -9.22% 23.33% -2.61% 13.80% 23.46% -4.50% 1.04% -0.89%
Revenue Q/Q Growth		 0.00% 0.00% -4.77% -0.27% -0.68% 1.28% 1.82% 1.03% 1.23% 0.40%
EBITDA Q/Q Growth		 0.00% 0.00% 3.17% 6.05% -1.79% 5.87% -0.98% 3.59% 2.94% -4.87%
EBIT Q/Q Growth		 0.00% 0.00% 3.94% 8.28% -2.13% 8.00% -2.29% 4.58% 3.54% -7.65%
NOPAT Q/Q Growth		 0.00% 0.00% 5.40% 7.07% -0.19% 6.57% 2.80% 4.69% 3.98% -8.80%
Net Income Q/Q Growth		 0.00% 0.00% 5.40% 7.07% -0.19% 6.57% 2.80% 4.69% 3.98% -8.80%
EPS Q/Q Growth		 0.00% 0.00% 3.39% 6.69% 0.79% 6.96% 2.75% 5.59% 2.88% -9.87%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -5.33% 6.89% 4.92% -1.92% -5.00% 2.05% 6.86% 4.77%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 11.45% -93.02% 28.06% 72.46% -80.98% 307.91% -13.68% 17.51%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.46% 2.91% -11.36% -6.13% -3.34% -12.80% 3.94% 0.09%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 15.26% 15.26% 16.78% 14.95% 14.05% 14.18% 12.48% 13.21% 13.11% 12.90%
EBIT Margin		 11.96% 11.77% 13.08% 10.71% 10.25% 10.33% 8.58% 9.17% 9.15% 9.25%
Profit (Net Income) Margin		 9.59% 9.24% 10.28% 8.39% 8.00% 7.84% 6.39% 5.68% 5.66% 5.80%
Tax Burden Percent		 80.18% 78.49% 78.58% 78.34% 78.04% 75.92% 74.52% 62.00% 61.93% 62.75%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.82% 21.51% 21.42% 21.66% 21.96% 24.08% 25.48% 38.00% 38.07% 37.25%
Return on Invested Capital (ROIC)		 33.90% 32.02% 29.76% 21.88% 24.64% 25.52% 23.04% 20.77% 19.75% 19.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 29.76% 21.88% 0.00% 0.00% 0.00% 20.77% 19.75% 19.81%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.93% 0.72% 0.00% 0.00% 0.00% 1.02% 2.20% 2.67%
Return on Equity (ROE)		 0.00% 0.00% 30.69% 22.61% 0.00% 0.00% 0.00% 21.79% 21.95% 22.47%
Cash Return on Invested Capital (CROIC)		 13.69% 36.95% 39.43% 0.99% 27.29% 12.61% 2.04% 25.38% 18.72% 20.70%
Operating Return on Assets (OROA)		 22.41% 20.90% 20.12% 14.07% 16.54% 20.78% 18.81% 20.87% 21.33% 21.39%
Return on Assets (ROA)		 17.97% 16.40% 15.81% 11.02% 12.90% 15.78% 14.01% 12.94% 13.21% 13.42%
Return on Common Equity (ROCE)		 0.00% 0.00% 30.69% 22.61% 0.00% 0.00% 0.00% 21.79% 21.95% 22.47%
Return on Equity Simple (ROE_SIMPLE)		 30.79% 32.83% 31.27% 21.03% 24.97% 23.97% 20.85% 21.26% 21.62% 22.35%
Net Operating Profit after Tax (NOPAT)		 76 66 66 46 47 47 36 29 29 29
NOPAT Margin		 9.59% 9.24% 10.28% 8.39% 8.00% 7.84% 6.39% 5.68% 5.66% 5.80%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 88.04% 88.23% 86.92% 89.29% 89.75% 89.67% 91.42% 90.83% 90.85% 90.75%
Earnings before Interest and Taxes (EBIT)		 95 85 85 59 61 62 48 48 46 46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 121 110 108 83 83 84 70 68 66 64
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 18.16 16.15 13.97 8.32 5.20 6.24 5.58 6.00 5.85 5.49
Price to Tangible Book Value (P/TBV)		 21.42 19.89 17.07 10.11 6.56 7.84 7.29 8.49 8.49 8.12
Price to Revenue (P/Rev)		 5.66 4.54 4.59 3.32 1.67 2.04 1.71 1.60 1.53 1.42
Price to Earnings (P/E)		 58.99 49.20 44.69 39.56 20.83 26.04 26.74 28.23 27.05 24.54
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.70% 2.03% 2.24% 2.53% 4.80% 3.84% 3.74% 3.54% 3.70% 4.07%
Enterprise Value to Invested Capital (EV/IC)		 17.38 15.40 13.19 7.06 4.51 5.54 5.04 5.56 5.00 4.69
Enterprise Value to Revenue (EV/Rev)		 5.41 4.33 4.33 2.99 1.44 1.81 1.55 1.49 1.44 1.37
Enterprise Value to EBITDA (EV/EBITDA)		 35.47 28.39 25.83 19.99 10.27 12.77 12.39 11.26 11.01 10.61
Enterprise Value to EBIT (EV/EBIT)		 45.26 36.82 33.14 27.91 14.08 17.54 18.02 16.21 15.77 14.81
Enterprise Value to NOPAT (EV/NOPAT)		 56.45 46.92 42.17 35.62 18.04 23.10 24.18 26.15 25.47 23.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 43.38 37.84 41.66 17.50 10.57 13.72 13.89 14.81 14.16 15.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 139.84 40.66 31.83 789.75 16.29 46.76 272.71 21.41 26.87 22.57
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.10 0.12
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.03 0.03 0.00 0.00 0.00 0.05 0.11 0.13
Leverage Ratio		 1.89 1.95 1.94 2.05 1.91 1.62 1.64 1.68 1.66 1.67
Compound Leverage Factor		 1.89 1.95 1.94 2.05 1.91 1.62 1.64 1.68 1.66 1.67
Debt to Total Capital		 0.00% 0.00% 0.00% 5.80% 0.00% 0.00% 0.00% 0.00% 9.11% 10.97%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.80% 0.00% 0.00% 0.00% 0.00% 9.11% 10.97%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 94.20% 100.00% 100.00% 100.00% 100.00% 90.89% 89.02%
Debt to EBITDA		 0.00 0.00 0.00 0.16 0.00 0.00 0.00 0.00 0.20 0.25
Net Debt to EBITDA		 0.00 0.00 0.00 -2.21 0.00 0.00 0.00 0.00 -0.68 -0.43
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.29 0.00 0.00 0.00 0.00 0.46 0.55
Net Debt to NOPAT		 0.00 0.00 0.00 -3.94 0.00 0.00 0.00 0.00 -1.58 -0.95
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 31 77 88 2.09 52 23 3.17 36 27 30
Operating Cash Flow to CapEx		 339.39% 312.64% 225.43% 547.35% 249.77% 514.86% 224.46% 167.69% 306.22% 193.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.87 1.78 1.54 1.31 1.61 2.01 2.19 2.28 2.33 2.31
Fixed Asset Turnover		 9.43 9.04 8.80 7.54 8.59 9.07 8.43 8.92 9.19 9.16
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 248 202 212 234 190 195 171 139 145 144
Invested Capital Turnover		 3.54 3.47 2.90 2.61 3.08 3.26 3.60 3.65 3.49 3.41
Increase / (Decrease) in Invested Capital		 45 -10 -22 44 -5.09 24 33 -6.54 1.49 -1.29
Enterprise Value (EV)		 4,304 3,114 2,801 1,651 855 1,079 863 771 727 675
Market Capitalization		 4,498 3,265 2,968 1,834 987 1,216 954 832 772 702
Book Value per Share		 $14.46 $11.78 $12.05 $12.33 $10.48 $10.45 $9.07 $7.25 $6.74 $6.27
Tangible Book Value per Share		 $12.27 $9.56 $9.87 $10.15 $8.30 $8.32 $6.94 $5.12 $4.64 $4.24
Total Capital		 248 202 212 234 190 195 171 139 145 144
Total Debt		 0.00 0.00 0.00 14 0.00 0.00 0.00 0.00 13 16
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -194 -151 -167 -183 -132 -137 -91 -61 -45 -27
Capital Expenditures (CapEx)		 29 26 30 17 32 15 28 31 17 23
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 14 0.00 0.00 0.00 0.00 13 16
Total Depreciation and Amortization (D&A)		 26 25 24 23 23 23 22 21 20 18
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 17.12M 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 $4.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 17.35M 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.12M 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 76 66 66 46 47 47 36 29 29 29
Normalized NOPAT Margin		 9.59% 9.24% 10.28% 8.39% 8.00% 7.84% 6.39% 5.68% 5.66% 5.80%
Pre Tax Income Margin		 11.96% 11.77% 13.08% 10.71% 10.25% 10.33% 8.58% 9.17% 9.15% 9.25%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 59.95% 141.15% 135.65% 70.48% 138.48% 75.30% 31.34% 94.98% 110.52% 111.22%

Quarterly Metrics And Ratios for CorVel

This table displays calculated financial ratios and metrics derived from CorVel's official financial filings.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2022 12/31/2022
Growth Metrics		 - - - - - - - -
Revenue Growth		 12.69% 14.76% 11.28% 12.78% 10.20% 7.91% -22.27% 26.77%
EBITDA Growth		 31.58% 16.70% 9.34% 5.94% 25.35% 15.54% 9.37% 38.31%
EBIT Growth		 37.73% 16.01% 10.25% 0.65% 33.27% 19.95% 16.54% 59.19%
NOPAT Growth		 39.05% 17.59% 8.95% 1.46% 35.77% 18.66% 22.99% 48.06%
Net Income Growth		 39.05% 17.59% 8.95% 1.46% 35.77% 18.66% 22.99% 48.06%
EPS Growth		 39.39% 17.39% 9.65% 1.46% 38.55% 21.28% 14.81% 52.38%
Operating Cash Flow Growth		 41.79% 23.98% 10.41% 176.06% 84.85% 22.00% -111.07% -68.95%
Free Cash Flow Firm Growth		 -228.53% -1,025.17% -167.91% 596.80% -120.42% 1,071.74% 235.10% 1,770.66%
Invested Capital Growth		 0.00% 24.81% 16.04% 0.00% 10.73% -0.93% -9.22% -7.01%
Revenue Q/Q Growth		 1.60% 5.98% 0.00% 3.47% 2.77% 68.20% -31.24% 1.10%
EBITDA Q/Q Growth		 5.26% 4.66% 0.00% -6.64% -1.94% 15.17% 0.48% 10.46%
EBIT Q/Q Growth		 7.43% 2.27% 0.00% -9.52% -2.81% 12.75% 1.51% 19.80%
NOPAT Q/Q Growth		 1.59% 8.44% 0.00% -14.09% 0.47% 8.74% 8.10% 14.96%
Net Income Q/Q Growth		 1.59% 8.44% 0.00% -14.09% 0.47% 8.74% 31.43% 14.96%
EPS Q/Q Growth		 -65.93% 8.00% 0.00% -14.09% 0.88% 22.58% 22.37% 15.66%
Operating Cash Flow Q/Q Growth		 86.69% -44.84% 0.00% 63.25% -50.87% 1,705.00% -121.45% 9.31%
Free Cash Flow Firm Q/Q Growth		 -724.49% -139.13% 0.00% 7,317.81% -114.43% -44.88% 21.34% 111.53%
Invested Capital Q/Q Growth		 6.92% 12.53% 0.00% -100.00% 4.63% 7.06% 0.46% -1.60%
Profitability Metrics		 - - - - - - - -
EBITDA Margin		 16.80% 16.21% 16.42% 14.39% 15.94% 16.71% 24.40% 15.32%
EBIT Margin		 13.51% 12.78% 13.24% 11.05% 12.64% 13.37% 19.94% 12.39%
Profit (Net Income) Margin		 10.43% 10.43% 10.19% 8.45% 10.18% 10.41% 16.10% 9.39%
Tax Burden Percent		 77.18% 81.61% 76.96% 76.45% 80.51% 77.89% 80.76% 75.84%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.82% 18.39% 23.04% 23.55% 19.49% 22.11% 19.24% 24.16%
Return on Invested Capital (ROIC)		 52.19% 29.98% 30.70% 0.00% 30.49% 30.08% 46.63% 29.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 52.19% 29.98% 30.70% 0.00% 30.49% 30.08% 46.63% 29.05%
Return on Net Nonoperating Assets (RNNOA)		 2.89% 1.75% 1.33% 0.00% 2.35% 3.23% 1.46% 2.45%
Return on Equity (ROE)		 55.08% 31.73% 32.03% 0.00% 32.84% 33.31% 48.09% 31.50%
Cash Return on Invested Capital (CROIC)		 -150.67% 4.72% 12.89% 0.00% 22.84% 31.36% 39.43% 35.99%
Operating Return on Assets (OROA)		 19.92% 20.63% 21.69% 0.00% 20.56% 21.18% 30.68% 19.42%
Return on Assets (ROA)		 15.38% 16.83% 16.69% 0.00% 16.55% 16.50% 24.78% 14.73%
Return on Common Equity (ROCE)		 55.08% 31.73% 32.03% 0.00% 32.84% 33.31% 48.09% 31.50%
Return on Equity Simple (ROE_SIMPLE)		 26.03% 25.33% 25.82% 0.00% 33.59% 33.59% 0.00% 32.34%
Net Operating Profit after Tax (NOPAT)		 24 23 22 17 20 20 18 17
NOPAT Margin		 10.43% 10.43% 10.19% 8.45% 10.18% 10.41% 16.10% 9.39%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 86.49% 87.22% 86.76% 88.95% 87.36% 86.63% 80.06% 87.62%
Earnings before Interest and Taxes (EBIT)		 31 29 28 22 25 25 23 22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 38 36 35 29 31 32 28 27
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 19.00 19.80 16.50 0.00 15.12 16.03 13.97 12.88
Price to Tangible Book Value (P/TBV)		 21.69 22.82 19.23 0.00 18.22 19.62 17.07 16.02
Price to Revenue (P/Rev)		 7.19 7.28 5.88 6.03 4.96 5.02 4.59 3.70
Price to Earnings (P/E)		 72.99 78.17 63.89 56.37 45.01 47.71 44.69 39.82
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.37% 1.28% 1.57% 1.77% 2.22% 2.10% 2.24% 2.51%
Enterprise Value to Invested Capital (EV/IC)		 17.23 18.07 15.64 0.00 13.45 13.92 13.19 11.19
Enterprise Value to Revenue (EV/Rev)		 6.89 6.98 5.58 0.00 4.72 4.80 4.33 3.48
Enterprise Value to EBITDA (EV/EBITDA)		 43.06 45.54 36.64 0.00 26.88 28.09 25.83 22.50
Enterprise Value to EBIT (EV/EBIT)		 54.95 58.90 47.36 0.00 33.70 35.68 33.14 29.08
Enterprise Value to NOPAT (EV/NOPAT)		 69.86 74.92 60.58 0.00 42.79 45.54 42.17 37.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 53.27 59.36 47.94 0.00 38.97 42.88 41.66 33.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 425.39 130.36 0.00 61.87 44.19 31.83 29.95
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.06 0.05 0.00 0.00 0.07 0.10 0.00 0.09
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.06 0.06 0.04 0.00 0.08 0.11 0.03 0.08
Leverage Ratio		 1.79 1.89 1.92 0.00 1.98 2.02 1.94 2.14
Compound Leverage Factor		 1.79 1.89 1.92 0.00 1.98 2.02 1.94 2.14
Debt to Total Capital		 5.24% 4.77% 0.00% 0.00% 6.45% 8.98% 0.00% 7.86%
Short-Term Debt to Total Capital		 5.24% 4.77% 0.00% 0.00% 6.45% 8.98% 0.00% 7.86%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 94.76% 95.23% 100.00% 0.00% 93.55% 91.02% 100.00% 92.14%
Debt to EBITDA		 0.13 0.12 0.00 0.00 0.13 0.18 0.00 0.16
Net Debt to EBITDA		 -1.93 -1.98 0.00 0.00 -1.40 -1.34 0.00 -1.37
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.21 0.20 0.00 0.00 0.21 0.29 0.00 0.26
Net Debt to NOPAT		 -3.14 -3.26 0.00 0.00 -2.23 -2.17 0.00 -2.29
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -294 -36 -15 229 -3.17 22 40 33
Operating Cash Flow to CapEx		 436.78% 225.65% 527.03% 424.65% 248.97% 725.41% -21.42% 210.90%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 1.47 1.61 1.64 0.00 1.63 1.58 1.54 1.57
Fixed Asset Turnover		 8.71 8.84 8.65 0.00 8.10 7.86 8.80 8.78
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 317 297 264 0.00 238 227 212 211
Invested Capital Turnover		 5.01 2.88 3.01 0.00 3.00 2.89 2.90 3.09
Increase / (Decrease) in Invested Capital		 317 59 36 -211 23 -2.13 -22 -16
Enterprise Value (EV)		 5,471 5,367 4,128 0.00 3,199 3,166 2,801 2,365
Market Capitalization		 5,716 5,600 4,354 4,229 3,365 3,317 2,968 2,509
Book Value per Share		 $17.57 $16.51 $15.41 $0.00 $13.01 $12.07 $12.05 $11.28
Tangible Book Value per Share		 $15.39 $14.32 $13.22 $0.00 $10.79 $9.86 $9.87 $9.07
Total Capital		 317 297 264 0.00 238 227 212 211
Total Debt		 17 14 0.00 0.00 15 20 0.00 17
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -246 -233 -226 0.00 -167 -151 -167 -144
Capital Expenditures (CapEx)		 9.54 9.89 7.67 6.92 7.23 5.05 11 5.05
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 17 14 0.00 0.00 15 20 0.00 17
Total Depreciation and Amortization (D&A)		 7.50 7.71 6.73 6.74 6.46 6.36 5.05 5.26
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.46 $1.37 $1.26 $0.00 $1.16 $1.16 $0.97 $0.98
Adjusted Weighted Average Basic Shares Outstanding		 51.39M 17.13M 17.12M 0.00 17.12M 17.14M 17.75M 17.25M
Adjusted Diluted Earnings per Share		 $0.46 $1.35 $1.25 $0.00 $1.15 $1.14 $0.93 $0.96
Adjusted Weighted Average Diluted Shares Outstanding		 52.04M 17.34M 17.31M 0.00 17.35M 17.39M 18.13M 17.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.36M 17.13M 17.13M 0.00 17.11M 17.11M 17.49M 17.16M
Normalized Net Operating Profit after Tax (NOPAT)		 24 23 22 17 20 20 18 17
Normalized NOPAT Margin		 10.43% 10.43% 10.19% 8.45% 10.18% 10.41% 16.10% 9.39%
Pre Tax Income Margin		 13.51% 12.78% 13.24% 11.05% 12.64% 13.37% 19.94% 12.39%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 109.50% 119.47% 125.36% 81.75% 86.94% 116.77% 135.65% 120.37%

Frequently Asked Questions About CorVel's Financials

When does CorVel's financial year end?

According to the most recent income statement we have on file, CorVel's fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has CorVel's net income changed over the last 9 years?

CorVel's net income appears to be on an upward trend, with a most recent value of $76.25 million in 2024, rising from $28.59 million in 2015. The previous period was $66.37 million in 2023.

How has CorVel revenue changed over the last 9 years?

Over the last 9 years, CorVel's total revenue changed from $492.63 million in 2015 to $795.31 million in 2024, a change of 61.4%.

How much debt does CorVel have?

CorVel's total liabilities were at $207.03 million at the end of 2024, a 8.0% increase from 2023, and a 147.5% increase since 2015.

How much cash does CorVel have?

In the past 9 years, CorVel's cash and equivalents has ranged from $25.52 million in 2015 to $139.72 million in 2021, and is currently $105.56 million as of their latest financial filing in 2024.

How has CorVel's book value per share changed over the last 9 years?

Over the last 9 years, CorVel's book value per share changed from 6.27 in 2015 to 14.46 in 2024, a change of 130.6%.


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This page (NASDAQ:CRVL) was last updated on 5/30/2025 by MarketBeat.com Staff
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