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. 

Type
Public
HQ
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.
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.
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

119.4 m121.1 m124.4 m123.7 m122.4 m126.9 m124.5 m123.9 m128.5 m128.2 m128.4 m137.6 m136.4 m414.8 m

Cost of goods sold

92 m93.4 m96.7 m98.2 m98.2 m100.8 m97.8 m98.7 m102.9 m102.3 m102.8 m108.8 m110.7 m334.7 m

Gross profit

27.3 m27.7 m27.7 m25.5 m24.1 m26.2 m26.7 m25.2 m25.6 m25.9 m25.6 m28.8 m25.8 m80.1 m

Gross profit Margin, %

23%23%22%21%20%21%21%20%20%20%20%21%19%19%
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

22.2 m32.7 m34.1 m28.2 m31 m27.1 m24.9 m26.5 m36.2 m40.9 m38.8 m35 m38.1 m53.6 m

Accounts Receivable

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

Current Assets

100.4 m111.1 m116.4 m119.1 m115.3 m116.9 m122.9 m120.8 m128 m138.7 m135.6 m134.4 m148.3 m166.6 m

PP&E

50 m49.7 m51.8 m52.6 m52.9 m56.2 m54.6 m53.6 m55.8 m57.4 m58.2 m63.2 m64.1 m63.7 m
Annual
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 Payable

2.5 m(2.7 m)(2.5 m)

Cash From Operating Activities

54.8 m44.3 m51.3 m52.1 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

17.3 m26.1 m8.3 m16.2 m23 m6.9 m15.2 m21.9 m7.5 m14.4 m21.5 m8.8 m26.7 m

Depreciation and Amortization

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

Cash From Operating Activities

28.5 m45.6 m9.7 m15.6 m33.1 m15.1 m24.6 m36.8 m8.1 m20.5 m35.6 m21.4 m49.9 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)
USDY, 2017

Revenue/Employee

114.3 k

Financial Leverage

1.7 x
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