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Corvel

CRVL

CorVel is a nationwide provider of medical cost containment and managed care services for workers' compensation, automobile insurance, and group health claims.

Market cap
$3.2B-37.6%
Revenue$958.5M+7.0%
Net income$110.3M+16.0%
Free cash flow$110.3M+20.5%
EPS (diluted)$2.14+16.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)

Financials

Q4 2026

Income statement

See full
Revenue$248.5M+7.4%
Gross profit$63.0M+8.3%
Net income$31.0M+17.4%
EPS (diluted)$0.61+19.6%

Balance sheet

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Cash & equivalents$233.1M+36.6%
Total debt$28.1M+0.1%
Total equity$394.2M+22.4%
Total assets$643.0M+17.8%

Cash flow

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Operating cash flow$29.5M+28.6%
CapEx$9.2M+5.9%
Free cash flow$20.3M+42.3%

Valuation & ratios

Valuation

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Market cap$3.2B-37.6%
Enterprise value$3B-39.7%
P/E29×-22.0×
P/S3.3×-2.3×

Profitability

See full
Gross margin24.3%+0.9pp
Net margin11.5%+0.9pp
FCF margin11.5%+1.3pp

Returns & leverage

See full
Return on equity30.8%-2.6pp
Debt / equity0.1×0.0×
Current ratio+0.1×

Segments

By product

See full
Patient Management Services$153.1M+2.7%
Network Solutions Services$95.5M+15.7%

Competitors

Profile

CorVel is a nationwide provider of medical cost containment and managed care services for workers' compensation, automobile insurance, and group health claims. The company leverages proprietary technology, including artificial intelligence and machine learning, to manage healthcare episodes and reduce administrative costs for payors. Its value proposition centers on integrating clinical expertise with automated data processing to improve patient outcomes and financial performance for risk-bearing entities.

Competitive position

A leading independent provider of integrated managed care solutions that differentiates through proprietary AI-driven technology and a national PPO network.

GeographiesUnited States
Customer segmentsInsurance Carriers, Self-insured Corporations, Government Agencies, Third-party Administrators
Business modelB2B Service, Subscription SaaS, Transaction-based fees
SuppliersCloud computing infrastructure providers, Medical data clearinghouses, Healthcare providers (physicians, hospitals, pharmacies), Software developers
CustomersWorkers' compensation insurers, Auto insurance carriers, Self-administered employers, Public sector risk pools
Listed1991
Employees4.9K
CEOMichael G. Combs
Websitecorvel.com
FilingsSEC EDGAR

Questions, answered.

What is Corvel's market cap?
Corvel (CRVL) has a market capitalization of $3.2B and trades on NASDAQ.
What is Corvel's revenue and profitability?
Corvel generated $958.5M in trailing twelve-month revenue with net income of $110.3M, representing a net margin of 11.5%. Gross margin stands at 24.3%, with free cash flow of $110.3M. These figures are based on the Q1 2026 filing.
Who are Corvel's competitors?
Corvel's key competitors include Gallagher Bassett, Evolent Health, Inc Class A Common Stock, CareCloud, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Corvel have?
Corvel's subsidiaries include Symbeo, CERIS.
Where is Corvel headquartered?
Corvel is headquartered in United States of America and employs approximately 4,870 people. It has been publicly traded since 1991.