Growth & profitability
- Revenue has grown 11.6% per year over the past 5 years.
- Net income has grown faster than revenue (18.9% vs 11.6% per year).
- Free cash flow has grown 7.4% per year over the past 5 years.
CRVL Financials Corvel Corp
15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $959M | $110M | 24.3% | 0.0% | $110M | — | $233M |
| 2025 | $896M | $95M | 23.4% | 0.0% | $92M | — | $171M |
| 2024 | $795M | $76M | 21.6% | 0.0% | $70M | — | $106M |
| 2023 | $719M | $66M | 22.0% | 0.0% | $56M | — | $71M |
| 2022 | $646M | $66M | 23.5% | 0.0% | $37M | — | $98M |
| 2021 | $553M | $46M | 22.4% | 0.0% | $77M | — | $140M |
| 2020 | $592M | $47M | 21.3% | 0.0% | $48M | — | $83M |
| 2019 | $596M | $47M | 21.0% | 0.0% | $63M | — | $92M |
| 2018 | $558M | $36M | 19.2% | 0.0% | $34M | — | $56M |
| 2017 | $519M | $29M | 20.2% | 0.0% | $21M | — | $29M |
| 2016 | — | $29M | — | — | $35M | — | $33M |
| 2015 | — | $29M | — | — | — | — | $26M |
| 2014 | — | $34M | — | — | — | — | $35M |
| 2013 | — | $27M | — | — | $40M | — | $20M |
| 2012 | — | $27M | — | — | $12M | — | $7M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '25 | $236M | $24M | 23.3% | 0.0% | $35M | — | $230M |
| Sep '25 | $240M | $28M | 24.3% | 0.0% | $15M | — | $207M |
| Jun '25 | $235M | $27M | 24.2% | 0.0% | $40M | — | $202M |
| Mar '25 | $232M | $26M | 25.1% | 0.0% | $14M | — | $171M |
| Dec '24 | $228M | $24M | 23.2% | 0.0% | $32M | — | $163M |
| Sep '24 | $224M | $23M | 22.6% | 0.0% | $12M | — | $138M |
| Jun '24 | $212M | $22M | 22.7% | 0.0% | $33M | — | $132M |
| Mar '24 | $207M | $19M | 20.9% | 0.0% | $5M | — | $106M |
| Dec '23 | $202M | $17M | 20.8% | 0.0% | $22M | — | $107M |
| Sep '23 | $196M | $20M | 22.6% | 0.0% | $11M | — | $92M |
| Jun '23 | $190M | $20M | 22.0% | 0.0% | $32M | — | $87M |
| Mar '23 | $185M | $18M | 22.6% | 0.0% | $6M | — | $71M |
| Dec '22 | $179M | $17M | 22.5% | 0.0% | $24M | — | $78M |
| Sep '22 | $177M | $15M | 20.3% | 0.0% | $5M | — | $76M |
| Jun '22 | $176M | $17M | 22.6% | 0.0% | $22M | — | $94M |
| Mar '22 | $171M | $20M | 25.1% | 0.0% | $5M | — | $98M |
| Dec '21 | $165M | $14M | 21.4% | 0.0% | $8M | — | $116M |
| Sep '21 | $158M | $16M | 23.2% | 0.0% | $16M | — | $131M |
| Jun '21 | $153M | $17M | 24.4% | 0.0% | $8M | — | $139M |
| Mar '21 | $146M | $15M | 24.5% | 0.0% | $17M | — | $140M |
Valuation over time
How the market has priced CRVL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 145.1× (Mar '23) to 28.4× (Jun '26).
- The price-to-sales ratio has fallen from 13.4× (Mar '23) to 3.3× (Jun '26).
P/E
P/S
Frequently asked questions
Is CRVL growing its revenue and profit?
Over the past 5 years, Corvel Corp's revenue has grown 11.6% per year, and net income grown 18.9% per year. These are computed facts, not advice.
How much debt does CRVL have?
As of FY2026, Corvel Corp reported — of total debt against $233M of cash.
What is CRVL's profit margin?
In FY2026, gross margin was 24.3%, operating margin —, and net margin 11.5%.
What is CRVL's P/E ratio?
As of Jun '26, Corvel Corp traded at a price-to-earnings ratio of about 28.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.