CorVel

OverviewSuggest Edit

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. 

TypePublic
Founded1987
HQIrvine, USMap
Websitecorvel.com
Employee Ratings3.3More
View Jobs (224)

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Latest Updates

Employees (est.) (Mar 2019)3,904(+4%)
Job Openings224
Revenue (FY, 2019)$595.7 M(+7%)
Share Price (Oct 2019)$78.2

CorVel Office Locations

CorVel has an office in Irvine
Irvine, US (HQ)
2010 Main Street #600
Show all (1)

CorVel Financials and Metrics

CorVel Revenue

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CorVel's revenue was reported to be $595.74 m in FY, 2019
USD

Revenue (Q1, 2020)

150.1m

Gross profit (Q1, 2020)

33.1m

Gross profit margin (Q1, 2020), %

22.1%

Net income (Q1, 2020)

13.4m

Market capitalization (16-Oct-2019)

1.4b

Closing stock price (16-Oct-2019)

78.2

Cash (30-Jun-2019)

104.4m
CorVel's current market capitalization is $1.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

478.8m492.6m503.6m518.7m558.4m595.7m

Revenue growth, %

3%2%3%

Cost of goods sold

370.3m392.7m399.0m413.9m451.1m470.9m

Gross profit

108.5m100.0m104.5m104.8m107.3m124.8m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

119.4m121.1m124.4m123.7m122.4m126.9m124.5m123.9m128.5m128.2m128.4m137.6m136.4m140.7m150.4m148.2m146.1m150.1m

Cost of goods sold

92.0m93.4m96.7m98.2m98.2m100.8m97.8m98.7m102.9m102.3m102.8m108.8m110.7m115.2m119.0m116.7m116.7m117.0m

Gross profit

27.3m27.7m27.7m25.5m24.1m26.2m26.7m25.2m25.6m25.9m25.6m28.8m25.8m25.6m31.4m31.5m29.4m33.1m

Gross profit Margin, %

23%23%22%21%20%21%21%20%20%20%20%21%19%18%21%21%20%22%
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

34.9m25.5m32.8m28.6m55.8m91.7m

Accounts Receivable

57.2m57.5m59.7m62.8m64.9m71.3m

Current Assets

121.0m119.2m123.1m128.9m163.3m215.5m

PP&E

51.3m56.3m53.3m63.0m69.4m62.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

22.2m32.7m34.1m28.2m31.0m27.1m24.9m26.5m36.2m40.9m38.8m35.0m38.1m53.6m73.3m90.1m96.5m104.4m

Accounts Receivable

54.4m55.4m57.2m60.3m56.2m56.9m59.2m55.9m60.7m60.4m59.2m62.8m66.0m63.5m66.1m65.1m62.4m66.8m

Current Assets

100.4m111.1m116.4m119.1m115.3m116.9m122.9m120.8m128.0m138.7m135.6m134.4m148.3m166.6m183.2m204.1m210.0m221.6m

PP&E

50.0m49.7m51.8m52.6m52.9m56.2m54.6m53.6m55.8m57.4m58.2m63.2m64.1m63.7m66.8m64.8m62.9m68.2m
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

34.4m28.6m28.5m29.5m35.7m46.7m

Depreciation and Amortization

16.4m18.0m20.0m20.9m21.8m23.0m

Accounts Payable

2.5m(2.7m)(2.5m)

Cash From Operating Activities

54.8m44.3m51.3m52.1m62.2m78.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

17.3m26.1m8.3m16.2m23.0m6.9m15.2m21.9m7.5m14.4m21.5m8.8m17.2m26.7m11.8m24.6m34.9m13.4m

Depreciation and Amortization

8.1m12.2m4.1m8.7m13.3m4.9m9.9m14.9m5.1m10.4m15.6m5.3m10.5m16.0m5.6m11.3m17.1m9.0m

Cash From Operating Activities

28.5m45.6m9.7m15.6m33.1m15.1m24.6m36.8m8.1m20.5m35.6m21.4m30.6m49.9m22.8m48.6m67.9m26.4m

Purchases of PP&E

(9.0m)(12.7m)(4.6m)(9.9m)(14.8m)(4.7m)(8.0m)(11.9m)(5.3m)(10.8m)(17.2m)(5.3m)(11.4m)(16.3m)(3.0m)(6.5m)(10.3m)(8.0m)
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USDY, 2019

Financial Leverage

2.1 x
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CorVel Revenue Breakdown

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CorVel revenue breakdown by business segment: 55.1% from Patient management services and 44.9% from Network solutions services

CorVel Online and Social Media Presence

CorVel's Trends

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CorVel News and Updates

May 20, 2019

CorVel Announces Fiscal Year Earnings Release Webcast

IRVINE, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- Event: Fiscal Year Earnings Release Webcast
February 12, 2019

CorVel Announces Expansion of Stock Repurchase Program

IRVINE, Calif., Feb. 12, 2019 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:  CRVL), reported that the Company’s Board of Directors has approved a 1,000,000 share expansion to its existing stock repurchase program, increasing the total number of shares approved for repurchase over the life of suc…
October 16, 2018

CorVel Announces Quarterly Earnings Release Webcast

IRVINE, Calif., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Event: Quarterly Earnings Release Webcast
July 31, 2018

CorVel Announces Revenues and Earnings

IRVINE, Calif., July 31, 2018 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended June 30, 2018. Revenues for the quarter ended June 30, 2018 were $150 million, an increase of 9.3% from revenues of $138 million in the same quarter of the prior year. Ea…
May 31, 2018

CorVel Corporation (CRVL) CEO Gordon Clemons on Q4 2018 Results - Earnings Call Transcript

 CorVel Frequently Asked Questions

  • When was CorVel founded?

    CorVel was founded in 1987.

  • How many employees does CorVel have?

    CorVel has 3,904 employees.

  • What is CorVel revenue?

    Latest CorVel annual revenue is $595.7 m.

  • What is CorVel revenue per employee?

    Latest CorVel revenue per employee is $152.6 k.

  • Who are CorVel competitors?

    Competitors of CorVel include United Concordia Companies, Reliance Standard Life Insurance Company and Anthem.

  • Where is CorVel headquarters?

    CorVel headquarters is located at 2010 Main Street #600, Irvine.

  • Where are CorVel offices?

    CorVel has an office in Irvine.

  • How many offices does CorVel have?

    CorVel has 1 office.