Corvel Corp (CRVL) financials
Corvel revenue and earnings by year
Corvel's revenue was $959 million in the fiscal year to March 31, 2026, up 7.0% from the year before. Net income was $110 million, 11.5% of revenue. Since the fiscal year to March 31, 2017, revenue has grown 7.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 959 | 896 | 795 | 719 | 646 | 553 | 592 | 596 | 558 | 519 |
| Revenue growth | 7.0% | 12.6% | 10.7% | 11.2% | 16.9% | -6.7% | -0.6% | 6.7% | 7.6% | — |
| Gross profit | 233 | 210 | 172 | 158 | 152 | 124 | 126 | 125 | 107 | 105 |
| Gross margin | 24.3% | 23.4% | 21.6% | 22.0% | 23.5% | 22.4% | 21.3% | 21.0% | 19.2% | 20.2% |
| Operating income | 143 | 121 | 95 | 85 | 85 | 59 | 61 | 62 | 48 | 48 |
| Operating margin | 14.9% | 13.5% | 12.0% | 11.8% | 13.1% | 10.7% | 10.3% | 10.3% | 8.6% | 9.2% |
| Net income | 110 | 95 | 76 | 66 | 66 | 46 | 47 | 47 | 36 | 29 |
| Net margin | 11.5% | 10.6% | 9.6% | 9.2% | 10.3% | 8.4% | 8.0% | 7.8% | 6.4% | 5.7% |
| Diluted EPS | $2.14 | $1.83 | $1.47 | $1.26 | $1.22 | $0.85 | $0.85 | $0.82 | $0.62 | $0.50 |
| Free cash flow | 110 | 92 | 70 | 56 | 37 | 77 | 48 | 63 | 34 | 21 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CRVL in Markets.
How Corvel makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Patient Management Services | $159M | 61.3% |
| Network Solutions Services | $101M | 38.7% |
See also: CRVL valuation and P/E history · CRVL returns
No forecast, no recommendation. This page describes Corvel Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.