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Equiscale · Syntellia LLC
CorVel Corporation provides workers' compensation, general and auto liability, and hospital bill auditing and payment integrity 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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $959M | $175M | $110M | $110M | 28.0% | 7.0% | 16.0% |
| 2025 | $896M | $150M | $95M | $92M | 29.6% | 12.6% | 24.8% |
| 2024 | $795M | $121M | $76M | $70M | 30.8% | 10.7% | 14.9% |
| 2023 | $719M | $110M | $66M | $56M | 32.8% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 718.56 | 795.31 | 895.59 | 958.53 |
| Operating Revenue | - | 718.56 | 795.31 | 895.59 | 958.53 |
| Cost Of Revenue | - | 560.30 | 623.62 | 685.86 | 725.66 |
| Gross Profit | - | 158.26 | 171.69 | 209.73 | 232.86 |
| Operating Expense | - | 73.70 | 76.59 | 88.90 | 89.73 |
| Selling General And Administration | - | 73.70 | 76.59 | 88.90 | 89.73 |
| Total Expenses | - | 634.01 | 700.21 | 774.76 | 815.40 |
| Operating Income | - | 84.55 | 95.10 | 120.82 | 143.13 |
| EBITDA | - | 109.68 | 121.35 | 150.36 | 174.90 |
| Normalized EBITDA | - | 109.68 | 121.35 | 150.36 | 174.90 |
| EBIT | - | 84.55 | 95.10 | 120.82 | 143.13 |
| Pretax Income | - | 84.55 | 95.10 | 120.82 | 143.13 |
| Tax Provision | - | 18.19 | 18.85 | 25.66 | 32.79 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Net Income From Continuing And Discontinued Operation | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Net Income From Continuing Operation Net Minority Interest | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Net Income | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Net Income Common Stockholders | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Net Income Including Noncontrolling Interests | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Normalized Income | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Diluted NI Availto Com Stockholders | - | 66.36 | 76.25 | 95.16 | 110.34 |
| Basic Average Shares | 53.26 | 51.98 | 51.37 | 51.38 | - |
| Diluted Average Shares | 54.38 | 52.78 | 52.04 | 51.99 | - |
| Reconciled Depreciation | - | 25.12 | 26.25 | 29.54 | 31.76 |
| Reconciled Cost Of Revenue | - | 560.30 | 623.62 | 685.86 | 725.66 |
| General And Administrative Expense | - | 73.70 | 76.59 | 88.90 | 89.73 |
| Other Gand A | - | 73.70 | 76.59 | 88.90 | 89.73 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CorVel Corporationthis co. | CRVL | $3.0B | 27.21↑ premium | 7.61 | 28.0% | 15.99 |
| First Financial Bancorp. | FFBC | $3.2B | 12.54 | 1.16 | 9.2% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Bank of Hawaii Corporation | BOH |
| - |
| - |
| - |
| - |
| - |
| $3.0B |
| 14.70 |
| 2.01 |
| 13.7% |
| - |
| Banc of California, Inc. | BANC | $3.0B | 13.02 | 0.98 | 7.5% | - |
| Seacoast Banking Corporation of Florida | SBCF | $2.9B | 20.25 | 1.08 | 5.3% | - |
| Provident Financial Services, Inc. | PFS | $2.9B | 10.00 | 1.03 | 10.3% | - |
| WisdomTree, Inc. | WT | $2.9B | 26.77 | 7.01 | 26.2% | 19.33 |
| Peer Median | - | 13.86 | 1.12 | 9.8% | 19.33 | |
Historically, Aug has averaged the highest return (+6.7%); Feb the lowest (-7.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.9%Positive MonthJan 2026: +2.90% | -25.9%Negative MonthFeb 2026: -25.92% | +6.0%Positive MonthMar 2026: +5.95% | +5.1%Positive MonthApr 2026: +5.14% | +7.5%Positive MonthMay 2026: +7.47% | +1.2%Neutral MonthJun 2026: +1.25% | -3.9%Negative MonthJul 2026: -3.93% | +17.8%*Positive MonthAug 2026: +17.85% | — | — | — | — |
| 2025 | +4.1%Positive MonthJan 2025: +4.13% | -4.8%Negative MonthFeb 2025: -4.82% | +1.5%Neutral MonthMar 2025: +1.54% | -2.9%Negative MonthApr 2025: -2.87% | +2.3%Positive MonthMay 2025: +2.31% | -7.6%Negative MonthJun 2025: -7.63% | -13.8%Negative MonthJul 2025: -13.80% | +0.5%Neutral MonthAug 2025: +0.51% | -13.1%Negative MonthSep 2025: -13.06% | -4.5%Negative MonthOct 2025: -4.48% | -1.0%Neutral MonthNov 2025: -1.04% | -7.5%Negative MonthDec 2025: -7.53% |
| 2024 | -4.8%Negative MonthJan 2024: -4.80% | +3.7%Positive MonthFeb 2024: +3.68% | +7.8%Positive MonthMar 2024: +7.77% | -9.2%Negative MonthApr 2024: -9.17% | +0.4%Neutral MonthMay 2024: +0.42% | +6.0%Positive MonthJun 2024: +6.01% | +20.7%Positive MonthJul 2024: +20.66% | +4.5%Positive MonthAug 2024: +4.54% | +1.9%Neutral MonthSep 2024: +1.92% | -8.9%Negative MonthOct 2024: -8.89% | +22.7%Positive MonthNov 2024: +22.69% | -8.7%Negative MonthDec 2024: -8.65% |
| 2023 | +22.6%Positive MonthJan 2023: +22.59% | +1.2%Neutral MonthFeb 2023: +1.19% | +5.5%Positive MonthMar 2023: +5.55% | +6.2%Positive MonthApr 2023: +6.18% | -3.3%Negative MonthMay 2023: -3.26% | -1.0%Neutral MonthJun 2023: -0.99% | +5.7%Positive MonthJul 2023: +5.72% | +5.8%Positive MonthAug 2023: +5.81% | -9.1%Negative MonthSep 2023: -9.15% | -1.4%Neutral MonthOct 2023: -1.38% | +7.7%Positive MonthNov 2023: +7.69% | +18.4%Positive MonthDec 2023: +18.36% |
| 2022 | -15.3%Negative MonthJan 2022: -15.33% | -9.7%Negative MonthFeb 2022: -9.69% | +5.9%Positive MonthMar 2022: +5.90% | -7.9%Negative MonthApr 2022: -7.93% | -3.8%Negative MonthMay 2022: -3.82% | -1.3%Neutral MonthJun 2022: -1.27% | +12.0%Positive MonthJul 2022: +11.96% | -5.8%Negative MonthAug 2022: -5.77% | -10.9%Negative MonthSep 2022: -10.91% | +18.6%Positive MonthOct 2022: +18.62% | -6.8%Negative MonthNov 2022: -6.84% | -5.0%Negative MonthDec 2022: -4.99% |
| 2021 | — | — | — | — | +6.5%Positive MonthMay 2021: +6.49% | +7.8%Positive MonthJun 2021: +7.78% | +4.9%Positive MonthJul 2021: +4.85% | +17.0%Positive MonthAug 2021: +17.04% | +13.0%Positive MonthSep 2021: +12.99% | -1.6%Neutral MonthOct 2021: -1.61% | +2.6%Positive MonthNov 2021: +2.61% | +10.6%Positive MonthDec 2021: +10.64% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
