CorVel

Financial Services Health insurance life insurance risk management

CorVel Corporation is a provider of healthcare management services and solutions for workers' compensation, auto and liability, group health and disability insurance markets. The Company’s services include claims management, bill review, preferred provider networks, utilization management, case management, directed care and medicare services.The Company’s target markets are employers, insurance companies, third party administrators, and state and municipal governments.

Revenue(FY, 2017)

$518.7 M

Market capitalization(2018-04-20)

$990.5 M

Type

Public

Irvine, US

Founded

1987

Size (employees)

3,629 (est)

Website

corvel.com

CorVel was founded in 1987 and is headquartered in Irvine, US

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CorVel Office Locations

CorVel has an office in Irvine

Irvine, US (HQ)

2010 Main Street Suite 600

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CorVel Financials and Metrics

CorVel Financials

CorVel's revenue was reported to be $518.69 m in FY, 2017 which is a 3% increase from the previous period.

Summary

USD
Revenue (Q3, 2018)	414.8 m
Gross profit (Q3, 2018)	80.1 m
Gross profit margin (Q3, 2018), %	19.3%
Net income (Q3, 2018)	26.7 m
Market capitalization (20-Apr-2018)	990.5 m
Cash (31-Dec-2017)	53.6 m

CorVel's current market capitalization is $990.5 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	478.8 m	492.6 m	503.6 m	518.7 m
Revenue growth, %		3%	2%	3%
Cost of goods sold	370.3 m	392.7 m	399 m	413.9 m
Gross profit	108.5 m	100 m	104.5 m	104.8 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Revenue	119.4 m	121.1 m	124.4 m	123.7 m	122.4 m	126.9 m	124.5 m	123.9 m	128.5 m	128.2 m	128.4 m	137.6 m	136.4 m	414.8 m
Cost of goods sold	92 m	93.4 m	96.7 m	98.2 m	98.2 m	100.8 m	97.8 m	98.7 m	102.9 m	102.3 m	102.8 m	108.8 m	110.7 m	334.7 m
Gross profit	27.3 m	27.7 m	27.7 m	25.5 m	24.1 m	26.2 m	26.7 m	25.2 m	25.6 m	25.9 m	25.6 m	28.8 m	25.8 m	80.1 m
Gross profit Margin, %	23%	23%	22%	21%	20%	21%	21%	20%	20%	20%	20%	21%	19%	19%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	34.9 m	25.5 m	32.8 m	28.6 m
Accounts Receivable	57.2 m	57.5 m	59.7 m	62.8 m
Current Assets	121 m	119.2 m	123.1 m	128.9 m
PP&E	51.3 m	56.3 m	53.3 m	63 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Cash	22.2 m	32.7 m	34.1 m	28.2 m	31 m	27.1 m	24.9 m	26.5 m	36.2 m	40.9 m	38.8 m	35 m	38.1 m	53.6 m
Accounts Receivable	54.4 m	55.4 m	57.2 m	60.3 m	56.2 m	56.9 m	59.2 m	55.9 m	60.7 m	60.4 m	59.2 m	62.8 m	66 m	63.5 m
Current Assets	100.4 m	111.1 m	116.4 m	119.1 m	115.3 m	116.9 m	122.9 m	120.8 m	128 m	138.7 m	135.6 m	134.4 m	148.3 m	166.6 m
PP&E	50 m	49.7 m	51.8 m	52.6 m	52.9 m	56.2 m	54.6 m	53.6 m	55.8 m	57.4 m	58.2 m	63.2 m	64.1 m	63.7 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	34.4 m	28.6 m	28.5 m	29.5 m
Depreciation and Amortization	16.4 m	18 m	20 m	20.9 m
Accounts Payable	2.5 m	(2.7 m)	(2.5 m)
Cash From Operating Activities	54.8 m	44.3 m	51.3 m	52.1 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q3, 2018
Net Income	17.3 m	26.1 m	8.3 m	16.2 m	23 m	6.9 m	15.2 m	21.9 m	7.5 m	14.4 m	21.5 m	8.8 m	26.7 m
Depreciation and Amortization	8.1 m	12.2 m	4.1 m	8.7 m	13.3 m	4.9 m	9.9 m	14.9 m	5.1 m	10.4 m	15.6 m	5.3 m	16 m
Cash From Operating Activities	28.5 m	45.6 m	9.7 m	15.6 m	33.1 m	15.1 m	24.6 m	36.8 m	8.1 m	20.5 m	35.6 m	21.4 m	49.9 m
Purchases of PP&E	(9 m)	(12.7 m)	(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)	(5.3 m)	(16.3 m)