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Corvel CRVL Free cash flow

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Other financials

Income statement

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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%

Valuation

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Market cap$3.03B-51.4%
Enterprise value$2.82B-53.8%
P/E27.4×-38.0×
P/S3.2×-3.8×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Corvel’s reported figures.

The official record: Corvel’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corvel's free cash flow?
Corvel (CRVL) reported free cash flow of $20.29M in Q1 2026.
How has Corvel's free cash flow changed year-over-year?
Corvel's free cash flow increased by 42.3% year-over-year, from $14.26M to $20.29M.
What is the long-term trend for Corvel's free cash flow?
Over 4 years (2022 to 2026), Corvel's free cash flow has grown at a 31.0% compound annual growth rate (CAGR), from $37.4M to $110.28M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.