NASDAQ:CRVL · NASDAQ Global Select
-$0.07 today
Vol 0.17M · Avg 0.22M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:CRVL · Revenue to Net Income
Key Ratios
Analysis
$958.5M of revenue converted into $110.3M of net income for the selected period. Gross margin is 24.3% and net margin is 11.5%, showing how much revenue survives after costs and taxes. EPS is $2.14, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $958.5M +7.0% | $895.6M +12.6% | $795.3M +10.7% | $718.6M +11.2% | $646.2M | $1.0B | $809.6M | $921.6M |
| Cost of Revenue | $725.7M +5.8% | $685.9M +10.0% | $623.6M +11.3% | $560.3M +13.4% | $494.1M | $344.8M | $725.6M | $804.0M |
| Gross Profit | $232.9M +11.0% | $209.7M +22.2% | $171.7M +8.5% | $158.3M +4.0% | $152.1M | $10.3B | $8.9B | $7.6B |
| Gross Margin | 24.3% +0.9pp | 23.4% +1.8pp | 21.6% -0.4pp | 22.0% -1.5pp | 23.5% | 45.5% | 9.8% | 28.9% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $378.4M | $983.2M | $1.3B |
| Selling, General & Admin | $89.7B +100831.3% | $88.9M +16.1% | $76.6M +3.9% | $73.7M +9.0% | $67.6M | $1.4B | $620.6M | $923.0M |
| Operating Expenses | $89.7M +0.9% | $88.9M +16.1% | $76.6M +3.9% | $73.7M +9.0% | $67.6M | $3.6B | $5.3B | $7.0B |
| Depreciation & Amortization | $31.8M +7.5% | $29.5M +12.5% | $26.3M +4.5% | $25.1M +5.0% | $23.9M | $1.2B | $374.2M | $1.2B |
| EBITDA | $174.9M +16.3% | $150.4M +23.9% | $121.4M +10.6% | $109.7M +1.2% | $108.4M | $12.6B | -$15.2B | $6.8B |
| EBITDA Margin | 18.2% +1.5pp | 16.8% +1.5pp | 15.3% -0.0pp | 15.3% -1.5pp | 16.8% | 10.0% | 5.6% | 46.3% |
| Operating Income | $143.1M +18.5% | $120.8M +27.0% | $95.1M +12.5% | $84.6M +0.0% | $84.5M | $10.6B | $12.3B | $14.0B |
| Operating Margin | 14.9% +1.4pp | 13.5% +1.5pp | 12.0% +0.2pp | 11.8% -1.3pp | 13.1% | 18.7% | 16.6% | 24.1% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $1.3B | -$1.5B | -$1.6B |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $969.2M | $1.1B | $1.0B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.6B | -$1.5B | $1.4B |
| Income Before Tax | $143.1M +18.5% | $120.8M +27.0% | $95.1M +12.5% | $84.6M +0.0% | $84.5M | -$15.6B | $3.3B | $4.9B |
| Pre-Tax Margin | 14.9% +1.4pp | 13.5% +1.5pp | 12.0% +0.2pp | 11.8% -1.3pp | 13.1% | 13.3% | 20.8% | 18.7% |
| Income Tax Expense | $32.8M +27.8% | $25.7M +36.1% | $18.8M +3.6% | $18.2M +0.5% | $18.1M | $666.8M | $1.3B | -$1.6B |
| Net Income | $110.3M +16.0% | $95.2M +24.8% | $76.3M +14.9% | $66.4M -0.1% | $66.4M | $5.0B | $4.9B | $4.8B |
| Net Margin | 11.5% +0.9pp | 10.6% +1.0pp | 9.6% +0.4pp | 9.2% -1.0pp | 10.3% | 7.4% | 12.4% | 17.5% |
| EPS (Basic) | $2 +16.2% | $2 +25.0% | $1 +15.6% | $1 +2.4% | $1 | $1.2B | $400.8M | $703.2M |
| EPS (Diluted) | $2 +16.9% | $2 +24.5% | $1 +16.7% | $1 +3.3% | $1 | $620.6M | $766.2M | $609.4M |
| Weighted Avg Shares | $51.3M -0.2% | $51.4M +0.0% | $51.4M -1.2% | $52.0M -2.4% | $53.3M | $892.2M | $757.8M | $925.8M |
| Weighted Avg Shares (Diluted) | $51.6M -0.8% | $52.0M -0.0% | $52.0M -1.4% | $52.8M -3.0% | $54.4M | $319.6M | $1.2B | $924.4M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
TFS Financial Corporation
NASDAQ:TFSL
$5.00B
CNO Financial Group, Inc.
NYSE:CNO
$4.89B
Federated Hermes, Inc.
NYSE:FHI
$4.30B
Hagerty, Inc.
NYSE:HGTY
$4.25B
PJT Partners Inc.
NYSE:PJT
$4.21B
Assured Guaranty Ltd.
NYSE:AGO
$3.71B
F&G Annuities & Life, Inc.
NYSE:FG
$3.70B
Genworth Financial, Inc.
NYSE:GNW
$3.68B
Golub Capital BDC, Inc.
NASDAQ:GBDC
$3.38B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CRVL generate?
CorVel Corporation (CRVL) reported $958.53M of revenue in fiscal 2026.
Is CRVL profitable?
CorVel Corporation (CRVL) reported $110.34M of net income, with a net margin of 11.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.