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CorVel

Financial ServicesHealthrisk management
We are publicly traded (NASDAQ:CRVL) and annual revenues exceeded $493 million in FY2015. Our continued customer growth is a testament to our financial stability and our significant investments in new systems and technologies allows us to continue to deliver industry-leading solutions to the marketplace. CorVel has approximately 3,500 associates who serve more than 2,000 customers through a national branch office network covering all 50 states.
Type
Public
HQ
Irvine, US
Founded
1987
Size (employees)
3,508 (est)
Website
corvel.com
CorVel was founded in 1987 and is headquartered in Irvine, US

CorVel Office Locations

CorVel has an office in Irvine
Irvine, US (HQ)
1020 2010 Main St

CorVel Data and Metrics

CorVel Financial Metrics

CorVel's revenue was reported to be $518.7 m in FY, 2017 which is a 3% increase from the previous period.
USD

Revenue (FY, 2017)

518.7 m

Revenue growth (FY, 2016 - FY, 2017), %

3%

Gross profit (FY, 2017)

104.8 m

Gross profit margin (FY, 2017), %

20%

Net income (FY, 2017)

29.5 m

Market capitalization (25-Jul-2017)

943.3 m

Cash (31-Mar-2017)

28.6 m
CorVel's current market capitalization is $943.3 m.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

478.8 m492.6 m503.6 m518.7 m

Revenue growth, %

3%2%3%

Cost of goods sold

370.3 m392.7 m399 m413.9 m

Gross profit

108.5 m100 m104.5 m104.8 m

Gross profit Margin, %

23%20%21%20%

General and administrative expense

57.2 m

Operating expense total

57.2 m

EBIT

56.5 m45.6 m46.1 m

EBIT margin, %

12%9%9%

Pre tax profit

56.5 m45.6 m46.1 m47.5 m

Income tax expense

22.1 m17 m17.5 m18.1 m

Net Income

34.4 m28.6 m28.5 m29.5 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

124.4 m123.7 m122.4 m126.9 m124.5 m123.9 m128.5 m128.2 m128.4 m

Cost of goods sold

96.7 m98.2 m98.2 m100.8 m97.8 m98.7 m102.9 m102.3 m102.8 m

Gross profit

27.7 m25.5 m24.1 m26.2 m26.7 m25.2 m25.6 m25.9 m25.6 m

Gross profit Margin, %

22%21%20%21%21%20%20%20%20%

General and administrative expense

14.2 m12.7 m13.8 m15 m13.2 m14.5 m13.5 m14.6 m14.1 m

Operating expense total

14.2 m12.7 m13.8 m15 m13.2 m14.5 m13.5 m14.6 m14.1 m

Pre tax profit

13.5 m12.7 m10.3 m11.2 m13.5 m10.7 m12.1 m11.3 m11.4 m

Income tax expense

5.2 m4.8 m3.5 m4.3 m5.2 m4 m4.6 m4.3 m4.4 m

Net Income

8.3 m16.2 m23 m6.9 m15.2 m21.9 m7.5 m14.4 m21.5 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

34.9 m25.5 m32.8 m28.6 m

Accounts Receivable

57.2 m57.5 m59.7 m62.8 m

Current Assets

121 m119.2 m123.1 m128.9 m

PP&E

51.3 m56.3 m53.3 m63 m

Goodwill

36.8 m36.8 m36.8 m36.8 m

Total Assets

214.5 m218.8 m220.3 m235.4 m

Accounts Payable

18.5 m15.8 m13.2 m35.2 m

Current Liabilities

71.8 m74.1 m80.4 m90.1 m

Total Liabilities

96.7 m

Retained Earnings

336.2 m364.8 m393.3 m422.8 m

Total Equity

126.5 m127.9 m131.9 m138.6 m

Financial Leverage

1.7 x1.7 x1.7 x1.7 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

34.1 m28.2 m31 m27.1 m24.9 m26.5 m36.2 m40.9 m38.8 m

Accounts Receivable

57.2 m60.3 m56.2 m56.9 m59.2 m55.9 m60.7 m60.4 m59.2 m

Current Assets

116.4 m119.1 m115.3 m116.9 m122.9 m120.8 m128 m138.7 m135.6 m

PP&E

51.8 m52.6 m52.9 m56.2 m54.6 m53.6 m55.8 m57.4 m58.2 m

Goodwill

36.8 m36.8 m36.8 m36.8 m36.8 m36.8 m36.8 m36.8 m36.8 m

Total Assets

211.1 m214.4 m211.3 m216.6 m221.7 m218.6 m227.4 m240.2 m237.7 m

Current Liabilities

64.4 m66.1 m64.8 m72.7 m77.4 m73.8 m79.2 m86.6 m87.5 m

Additional Paid-in Capital

120.3 m121.5 m122.3 m124.9 m126.7 m128.5 m133.2 m134.4 m135.2 m

Retained Earnings

344.5 m352.4 m359.2 m371.7 m379.9 m386.6 m400.8 m407.7 m414.8 m

Total Equity

130.5 m132.2 m130.4 m127.2 m127.6 m128.1 m140.6 m146.1 m143 m

Financial Leverage

1.6 x1.6 x1.6 x1.7 x1.7 x1.7 x1.6 x1.6 x1.7 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

34.4 m28.6 m28.5 m29.5 m

Depreciation and Amortization

16.4 m18 m20 m20.9 m

Accounts Receivable

(9.5 m)(2 m)(3.6 m)(5.4 m)

Accounts Payable

2.5 m(2.7 m)(2.5 m)

Cash From Operating Activities

54.8 m44.3 m51.3 m52.1 m

Purchases of PP&E

(18.3 m)(22.9 m)(16.8 m)(31 m)

Cash From Investing Activities

(18.3 m)(24.3 m)(17.4 m)(31 m)

Cash From Financing Activities

(21.4 m)(29.4 m)(26.7 m)(25.2 m)

Income Taxes Paid

20.8 m19.5 m13.6 m18.3 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

8.3 m16.2 m23 m6.9 m15.2 m21.9 m7.5 m14.4 m21.5 m

Depreciation and Amortization

4.1 m8.7 m13.3 m4.9 m9.9 m14.9 m5.1 m10.4 m15.6 m

Accounts Receivable

(312 k)(3.9 m)(436 k)323 k(2.6 m)564 k(1.3 m)(1.8 m)(1.1 m)

Cash From Operating Activities

9.7 m15.6 m33.1 m15.1 m24.6 m36.8 m8.1 m20.5 m35.6 m

Purchases of PP&E

(4.6 m)(9.9 m)(14.8 m)(4.7 m)(8 m)(11.9 m)(5.3 m)(10.8 m)(17.2 m)

Cash From Investing Activities

(5.4 m)(10.7 m)(16.2 m)(5.3 m)(8.6 m)(12.5 m)(5.3 m)(11.1 m)(17.4 m)

Cash From Financing Activities

597 k

Income Taxes Paid

183 k10.6 m16 m161 k6.9 m17.2 m1.8 m9.5 m13.9 m
USDY, 2017

Revenue/Employee

147.9 k

Financial Leverage

1.7 x

CorVel Market Value History

CorVel Revenue Breakdown

CorVel Median Salaries

Source: 12 public H-1B filings from CorVel

Market Position of CorVel

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CorVel Online and Social Media Presence

CorVel Company Life and Culture

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