CorVel Corporation (CRVL)

CorVel Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	1,011	958.53	895.59	795.31	718.56	646.23
Revenue Growth	8.29%	7.03%	12.61%	10.68%	11.19%	16.93%
Gross Profit Gross Profit Growth	258.15	232.86	209.73	171.69	158.26	152.11
Operating Income Operating Income Growth	161.13	143.13	120.82	95.1	84.55	84.51
Net Income Net Income Growth	121.52	110.34	95.17	76.25	66.37	66.41
Earnings Per Share EPS Growth	2.38	2.14	1.83	1.47	1.26	1.22
EPS Growth	18.07%	16.94%	24.49%	16.67%	3.28%	43.53%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Patient Management Services Patient Management Services Growth	626.02	596.7	581.19	530	478.75	424.05
Network Solutions Services Network Solutions Services Growth	385.21	361.82	314.4	265.32	239.81	222.18
Revenue (Total) Revenue (Total) Growth	1,011	958.53	895.59	795.31	718.56	646.23

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	269.99	233.07	170.58	105.56	71.33	97.5
Total Debt Total Debt Growth	33.07	28.11	28.08	31.4	33.76	43.14
Net Cash (Debt) Net Cash Growth	236.92	204.97	142.51	74.17	37.57	54.36
Net Cash Growth	30.49%	43.83%	92.14%	97.41%	-30.89%	-36.08%
Net Cash Per Share Net Cash Per Share Growth	4.63	3.97	2.74	1.43	0.71	1.00

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	165.13	155.64	127.32	99.24	82.29	67.22
Capital Expenditures CapEx Growth	-37.27	-45.36	-35.76	-29.24	-26.32	-29.82
Free Cash Flow Free Cash Flow Growth	127.86	110.28	91.56	70	55.97	37.4
Free Cash Flow Growth	26.35%	20.45%	30.81%	25.07%	49.63%	-51.51%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	25.53%	24.29%	23.42%	21.59%	22.02%	23.54%
Operating Margin	15.93%	14.93%	13.49%	11.96%	11.77%	13.08%
Pretax Margin	15.93%	14.93%	13.49%	11.96%	11.77%	13.08%
Profit Margin	12.02%	11.51%	10.63%	9.59%	9.24%	10.28%
FCF Margin	12.64%	11.51%	10.22%	8.80%	7.79%	5.79%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 12, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	35.27	25.33	60.43	58.95	49.20	44.69
Forward PE	-	22.18	22.18	22.18	22.18	22.18
P/FCF Ratio	33.12	25.35	62.81	64.22	58.34	79.35
PS Ratio	4.19	2.92	6.42	5.65	4.54	4.59

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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