CorVel Corp.
Description
CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions. In addition, it provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company offers solutions to employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. CorVel Corporation was incorporated in 1987 and is based in Fort Worth, Texas.
About
CEO
Mr. Michael G. Combs
Employees
4,870
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance Brokers
MIC code
XNGS
Address
5128 Apache Plume Road, Fort Worth, TX 76109, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| May 20, 2025 | — | — | — | — |
| Feb 1, 2025 | — | — | — | — |
| May 25, 2023 | — | 1.04 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 795.31M | 718.56M | 646.23M | 552.64M | 592.23M |
| Cost of revenue | 623.62M | 560.30M | 494.12M | 429.02M | 466.30M |
| Gross profit | 171.69M | 158.26M | 152.11M | 123.62M | 125.92M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 76.59M | 73.71M | 67.60M | 64.45M | 65.21M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 95.10M | 84.55M | 84.51M | 59.18M | 60.71M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 95.10M | 84.55M | 84.51M | 59.18M | 60.71M |
| Tax provision | 18.85M | 18.19M | 18.10M | 12.82M | 13.33M |
| Net income | 76.25M | 66.37M | 66.41M | 46.36M | 47.38M |
| Basic EPS | 4.45 | 3.83 | 3.74 | 2.59 | 2.59 |
| Diluted EPS | 4.40 | 3.77 | 3.66 | 2.55 | 2.55 |
| Basic average shares | 17.12M | 17.33M | 17.75M | 17.93M | 18.33M |
| Diluted average shares | 17.12M | 17.33M | 17.75M | 17.93M | 18.33M |
| EBITDA | 121.35M | 109.68M | 108.43M | 82.61M | 83.23M |
| Net income from continuing op. | 76.25M | 66.37M | 66.41M | 46.36M | 47.38M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 454.68M | 393.92M | 415.25M | 424.76M | 416.26M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 105.56M | 71.33M | 97.50M | 139.72M | 83.22M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 54.69M | 54.40M | 55.28M | 47.51M | 46.08M |
| Other receivables | 42.42M | 26.64M | 27.31M | 17.21M | 19.69M |
| Inventory | — | — | — | — | — |
| Prepaid assets | 99.56M | 91.41M | 84.90M | 64.50M | 60.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 24.06M | 27.72M | 35.02M | 45.32M | 90.67M |
| Land and improvements | 11.12M | 11.08M | 11.08M | 11.08M | 11.05M |
| Machinery furniture equipment | 279.75M | 270.35M | 254.53M | 230.54M | 217.18M |
| Construction in progress | — | — | — | — | — |
| Leases | 18.01M | 18.30M | 18.58M | 17.56M | 14.96M |
| Accumulated depreciation | -222.99M | -216.95M | -207.93M | -188.57M | -167.29M |
| Goodwill | 74.45M | 74.87M | 75.30M | 75.73M | 76.17M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 821,000 | 1.24M | 1.67M | 2.10M | 2.54M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 4.86M | 1.60M | 481,000 | 958,000 | 1.35M |
| Total liabilities | 207.03M | 191.75M | 202.85M | 204.36M | 226.55M |
| Current liabilities | |||||
| Accounts payable | 16.41M | 15.06M | 14.08M | 12.35M | 15.15M |
| Accrued expenses | 40.90M | 35.68M | 48.01M | 57.11M | 37.47M |
| Short term debt | 8.86M | 9.90M | 13.35M | 12.77M | 13.22M |
| Deferred revenue | 118.10M | 107.00M | 95.58M | 79.01M | 66.64M |
| Tax payable | 221,000 | 251,000 | 351,000 | 1.22M | 1.22M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | 1.22M |
| Non current liabilities | |||||
| Long term debt | 22.53M | 23.86M | 29.79M | 41.90M | 85.10M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 1.69M | — | 7.76M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 |
| Retained earnings | 807.92M | 731.67M | 665.30M | 598.89M | 552.54M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 247.65M | 202.18M | 212.40M | 220.40M | 189.71M |
| Additional paid in capital | 233.63M | 218.70M | 201.61M | 185.94M | 168.94M |
| Treasury stock | 793.91M | 748.20M | 654.52M | 564.44M | 531.76M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | 76.25M | 66.37M | 66.41M | 46.36M | 47.38M | 46.70M | 35.70M | 29.48M | 28.53M | 28.59M | 34.39M | 26.73M | 26.55M | 24.66M | 26.10M | 19.28M | 23.38M | 18.58M | 9.75M | 10.16M | 16.01M | 16.58M | 14.82M | 13.22M | 11.97M | 10.40M | 9.50M | 8.50M | 7.30M | 5.90M | 4.40M | 2.50M | 1.60M | 700,000 |
| Depreciation | 26.25M | 25.12M | 23.92M | 23.44M | 22.52M | 22.98M | 21.78M | 20.95M | 19.95M | 18.00M | 16.41M | 15.74M | 14.72M | 12.25M | 11.99M | 11.78M | 11.77M | 10.12M | 10.94M | 11.09M | 9.96M | 9.34M | 8.41M | 6.76M | 6.97M | 6.30M | 5.30M | 4.20M | 3.00M | 2.40M | 2.40M | 1.10M | 1.10M | 700,000 |
| Deferred Taxes | -3.32M | -1.91M | 2.30M | -8.38M | 1.47M | 1.46M | -874,000 | -1.22M | -1.66M | 304,000 | -2.52M | 2.28M | 9.05M | 624,000 | 308,000 | 2,000 | -2.23M | -1.52M | -1.47M | 1.79M | 1.32M | 999,000 | -40,000 | 303,000 | -131,000 | -600,000 | 100,000 | 400,000 | -100,000 | — | 500,000 | -800,000 | -200,000 | -100,000 |
| Stock-Based Compensation | 4.98M | 5.56M | 5.20M | 4.98M | 4.49M | 4.35M | 3.16M | 2.43M | 2.19M | 2.21M | 2.14M | 997,000 | 2.28M | 2.54M | 2.10M | 1.33M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | — | — | — | — | — | — | — | — | — | 28.70M | 24.66M | 26.10M | 2.43M | 4.08M | 3.90M | 4.13M | 3.23M | 4.14M | — | — | — | — | -100,000 | 100,000 | 100,000 | 100,000 | — | — | — | — | — |
| Accounts Receivable | -17.90M | 336,000 | -18.02M | -976,000 | 3.96M | -8.27M | -4.66M | -5.43M | -3.57M | -2.04M | -9.46M | -1.89M | -2.52M | -7.42M | -5.55M | -4.39M | 761,000 | -3.05M | 2.38M | -2.43M | -1.94M | -11.13M | 1.28M | 1.56M | -4.31M | -5.90M | -3.30M | -3.90M | -2.50M | -2.70M | -2.00M | -2.80M | -2.90M | -2.00M |
| Accounts Payable | — | — | — | — | 1.10M | -1.98M | -3.13M | 3.35M | -2.54M | -2.70M | 2.54M | 814,000 | -1.82M | 85,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -5.72M | -9.79M | -15.22M | -4.86M | -9.89M | -9.63M | -2.48M | -6.85M | -8.85M | -1.19M | -5.88M | -4.40M | -848,000 | -3.29M | -472,000 | 472,000 | -1.00M | 2.74M | -99,000 | -712,000 | -2.02M | 2.97M | 461,000 | 4.81M | -804,000 | -300,000 | — | -800,000 | -1.30M | 900,000 | 1.00M | -3.00M | 100,000 | 400,000 |
| Operating Cash Flow | 80.54M | 85.68M | 64.58M | 60.56M | 71.02M | 55.62M | 49.49M | 42.71M | 34.06M | 43.17M | 37.63M | 40.26M | 76.12M | 54.12M | 60.57M | 30.91M | 36.77M | 30.77M | 25.63M | 23.12M | 27.47M | 18.76M | 24.93M | 26.65M | 13.69M | 9.80M | 11.70M | 8.50M | 6.50M | 6.50M | 6.30M | -3.00M | -300,000 | -300,000 |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | -29.24M | -26.32M | -29.82M | -17.24M | -32.36M | -15.27M | -27.69M | -31.04M | -16.76M | -22.87M | -18.34M | -14.89M | -23.21M | -18.50M | -11.67M | -10.48M | -14.76M | -8.53M | -7.75M | -11.56M | -13.12M | -13.93M | -10.88M | -10.15M | -6.24M | -6.60M | -8.70M | -5.80M | -5.60M | -4.20M | -4.40M | -4.30M | -100,000 | -1.10M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | -45,000 | -1.24M | -600,000 | -3.37M | -14.59M | -11.97M | — | -80,000 | -4.23M | -3.40M | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -29.24M | -26.32M | -29.82M | -17.24M | -32.36M | -15.27M | -27.69M | -31.04M | -16.76M | -22.87M | -18.34M | -14.89M | -23.26M | -19.74M | -12.27M | -13.85M | -29.34M | -20.51M | -7.75M | -11.64M | -17.35M | -17.32M | -10.88M | -10.15M | -6.24M | -6.60M | -8.70M | -5.80M | -5.60M | -4.20M | -4.40M | -4.30M | -100,000 | -1.10M |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | 713,000 | 397,000 | 2.04M | 308,000 | 996,000 | 2.27M | 729,000 | 630,000 | 340,000 | 3.59M | — | — | — | — | — | — | — | — | — | 100,000 | — | — | — | — | 14.20M | 100,000 |
| Financing Cash Flow | -45.71M | -93.68M | -90.09M | -32.67M | -65.61M | -35.17M | -11.19M | -28.00M | -30.81M | -31.40M | -25.14M | -30.42M | -20.65M | -28.34M | -31.83M | -22.83M | -5.03M | -8.67M | -15.73M | -14.41M | -7.65M | -11.61M | -12.56M | -9.80M | -9.89M | -3.00M | -9.80M | -7.70M | 2.20M | 2.50M | 2.60M | 1.50M | 6.00M | 1.70M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||
| End Cash Position | 105.56M | 71.33M | 97.50M | 139.72M | 83.22M | 91.71M | 55.77M | 28.61M | 32.78M | 25.52M | 34.87M | 19.82M | 6.60M | 12.27M | 10.24M | 14.68M | 17.91M | 15.02M | 14.21M | 8.95M | 8.64M | 5.91M | 12.60M | 9.46M | 5.64M | 9.10M | 8.40M | — | — | — | — | — | — | — |
| Income Tax Paid | 22.87M | 19.99M | 19.41M | 20.76M | 15.08M | 12.85M | 16.23M | 18.32M | -13.59M | -19.53M | 20.79M | 9.66M | 12.94M | 13.74M | 17.28M | 11.46M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 70.00M | 55.97M | 37.40M | 77.14M | 48.47M | 63.37M | 34.46M | 21.01M | 34.56M | 21.45M | 36.46M | 39.93M | 12.46M | 26.56M | 26.39M | 20.83M | 22.51M | 21.46M | 20.99M | 14.80M | 14.60M | 8.32M | 15.70M | 13.61M | 6.48M | 3.60M | 2.60M | 6.30M | 1.60M | 2.30M | 2.40M | -4.00M | -2.20M | -1.40M |
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Article
CorVel Announces Revenues and Earnings
FORT WORTH, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended December 31, 2024. Revenues for the quarter were $228 million, an increase from $202 million in the December quarter of 2023. Earnings per share for the quarter were $0.46, compared to $0.33 in the same quarter of the prior year. Revenues for the nine months ended December 31, 2024 were $664 million, an increase from $588 million during the nine months ended December 31, 2023. Earnings per share for the nine months ended December 31, 2024 were $1.32, compared to $1.09 during the nine months ended December 31, 2023. The earnings per share numbers for the current and prior year have been adjusted to reflect the three-for-one stock split of its common stock which was paid on December 24, 2024.
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CorVel Announces Effectiveness of Three-For-One Forward Stock Split
FORT WORTH, Texas, Dec. 24, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) today announced the effectiveness of a three-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock to accommodate the stock split.
Dec 24, 2024
