📊 CRVL Key Takeaways
Is Corvel Corp. (CRVL) a Good Investment?
Corvel Corp demonstrates exceptional financial health with a fortress balance sheet (zero debt, $233M cash), outstanding profitability metrics (28% ROE, 17.2% ROA), and robust free cash flow generation ($110.3M annually). However, flat revenue and net income growth indicate business stagnation in a mature workers' compensation insurance market, creating a quality but non-growth profile suitable for income-focused portfolios.
CorVel shows high-quality fundamentals with solid margins, strong returns on capital, healthy free cash flow, and a debt-free balance sheet supported by substantial cash. The main limitation is weak top-line and net income growth, but the business appears operationally disciplined and financially resilient. EPS growth materially outpaced revenue, suggesting shareholder-friendly capital allocation, though that needs to be monitored for sustainability.
Corvel Corp. Key Strengths (CRVL)
- Fortress balance sheet with zero long-term debt and $233M cash reserves
- Exceptional profitability: 28% ROE and 17.2% ROA indicate strong competitive positioning
- Strong free cash flow generation at $110.3M (11.5% FCF margin) provides capital flexibility
- High operating margin of 14.9% demonstrates operational efficiency and cost control
- Effective capital allocation evidenced by 16.9% EPS growth despite flat net income
- Strong profitability with 23.9% gross margin, 14.6% operating margin, and 11.2% net margin
- Excellent financial health with $230.03M in cash, no long-term debt, and 1.85x current and quick ratios
- Healthy cash generation with $126.17M operating cash flow and $89.99M free cash flow
CRVL Stock Risks: Corvel Corp. Investment Risks
- Stagnant revenue growth at 0% YoY suggests market maturity or intensifying competition
- Flat net income growth despite strong margins indicates business has plateaued
- Limited organic growth trajectory constrains future earnings expansion
- Exposure to workers' compensation insurance sector cyclicality and regulatory changes
- Share buybacks masking underlying lack of fundamental business growth
- Revenue was flat year over year, indicating limited organic growth momentum
- Net income was also flat, so EPS growth may be driven more by share count reduction than core earnings expansion
- Margin performance could come under pressure if costs rise or service mix shifts unfavorably
Key Metrics to Watch
- Revenue growth acceleration - critical to determine if stagnation is cyclical or structural
- Operating margin trend - monitor for compression due to competitive pressures
- Free cash flow sustainability and conversion efficiency
- Market share dynamics in workers' compensation insurance sector
- Organic growth vs. inorganic (acquisition) activity as growth driver
- Revenue growth and client volume trends
- Operating margin and free cash flow conversion
Corvel Corp. (CRVL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.03x current ratio provides a solid financial cushion.
CRVL Profit Margin, ROE & Profitability Analysis
CRVL vs Finance Sector: How Corvel Corp. Compares
How Corvel Corp. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Corvel Corp. Stock Overvalued? CRVL Valuation Analysis 2026
Based on fundamental analysis, Corvel Corp. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Corvel Corp. Balance Sheet: CRVL Debt, Cash & Liquidity
CRVL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Corvel Corp.'s revenue has grown significantly by 48% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.47 reflects profitable operations.
CRVL Revenue Growth, EPS Growth & YoY Performance
CRVL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $228.0M | $23.8M | $0.46 |
| Q2 2025 | $224.4M | $23.4M | $0.45 |
| Q1 2025 | $211.7M | $21.6M | $0.42 |
| Q3 2024 | $202.3M | $17.1M | $0.33 |
| Q2 2024 | $195.5M | $19.9M | $1.15 |
| Q1 2024 | $190.3M | $19.8M | $1.14 |
| Q3 2023 | $179.4M | $16.8M | $0.96 |
| Q2 2023 | $177.4M | $14.7M | $0.83 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Corvel Corp. Dividends, Buybacks & Capital Allocation
CRVL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Corvel Corp. (CIK: 0000874866)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRVL
What is the AI rating for CRVL?
Corvel Corp. (CRVL) has a Combined AI Grade of A from Claude (A) and ChatGPT (A) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRVL's key strengths?
Claude: Fortress balance sheet with zero long-term debt and $233M cash reserves. Exceptional profitability: 28% ROE and 17.2% ROA indicate strong competitive positioning. ChatGPT: Strong profitability with 23.9% gross margin, 14.6% operating margin, and 11.2% net margin. Excellent financial health with $230.03M in cash, no long-term debt, and 1.85x current and quick ratios.
What are the risks of investing in CRVL?
Claude: Stagnant revenue growth at 0% YoY suggests market maturity or intensifying competition. Flat net income growth despite strong margins indicates business has plateaued. ChatGPT: Revenue was flat year over year, indicating limited organic growth momentum. Net income was also flat, so EPS growth may be driven more by share count reduction than core earnings expansion.
What is CRVL's revenue and growth?
Corvel Corp. reported revenue of $958.5M.
Does CRVL pay dividends?
Corvel Corp. does not currently pay dividends.
Where can I find CRVL SEC filings?
Official SEC filings for Corvel Corp. (CIK: 0000874866) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRVL's EPS?
Corvel Corp. has a diluted EPS of $2.14.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is CRVL's fundamental grade?
Based on our AI fundamental analysis in June 2026, Corvel Corp. has a A grade with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is CRVL stock overvalued or undervalued?
Valuation metrics for CRVL: ROE of 28.0% (sector avg: 12%), net margin of 11.5% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.
What is CRVL's AI grade for 2026?
Our dual AI analysis gives Corvel Corp. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CRVL's free cash flow?
Corvel Corp.'s operating cash flow is $155.6M, with capital expenditures of $45.4M. FCF margin is 11.5%.
How does CRVL compare to other Finance stocks?
Vs Finance sector averages: Net margin 11.5% (avg: 25%), ROE 28.0% (avg: 12%), current ratio 2.03 (avg: 1.2).
Why is CRVL's return on equity (ROE) so high?
Corvel Corp. has a return on equity of 28.0%, significantly above the Finance sector average of 12%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 11.5% net margin.