CorVel (CRVL) stock price, revenue, and financials

CorVel market cap is $2.7 b, and annual revenue was $552.64 m in FY 2021
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$2.7 B

CRVL Mkt cap, 13-May-2022

$164.5 M

CorVel Revenue Q3, 2022
CorVel Gross profit (Q3, 2022)35.2 M
CorVel Gross profit margin (Q3, 2022), %21.4%
CorVel Net income (Q3, 2022)13.9 M
CorVel Cash, 31-Dec-2021115.5 M
CorVel EV2.6 B
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CorVel Revenue

CorVel revenue was $552.64 m in FY, 2021 which is a 6.7% year over year decrease from the previous period.

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CorVel Revenue Breakdown

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CorVel revenue breakdown by business segment: 66.7% from Patient management services and 33.3% from Network solutions services

CorVel Income Statement

Annual

USDFY, 2019FY, 2020FY, 2021

Revenue

595.7m592.2m552.6m

Revenue growth, %

7%(1%)(7%)

Cost of goods sold

470.9m466.3m429.0m

Gross profit

124.8m125.9m123.6m

Gross profit Margin, %

21%21%22%

General and administrative expense

63.3m65.2m64.4m

Operating expense total

63.3m65.2m64.4m

Pre tax profit

61.5m60.7m59.2m

Income tax expense

14.8m13.3m12.8m

Net Income

46.7m47.4m46.4m

EPS

2.52.62.6

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

150.1m147.0m148.1m129.6m136.0m141.5m152.6m157.7m164.5m

Cost of goods sold

117.0m114.1m118.8m103.1m105.5m110.6m115.4m121.1m129.3m

Gross profit

33.1m32.8m29.3m26.5m30.5m30.9m37.2m36.7m35.2m

Gross profit Margin, %

22%22%20%20%22%22%24%23%21%

General and administrative expense

15.8m16.6m17.0m15.6m15.6m16.9m16.6m16.7m17.5m

Operating expense total

15.8m16.6m17.0m15.6m15.6m16.9m16.6m16.7m17.5m

Pre tax profit

17.4m16.3m12.3m10.9m14.9m14.0m20.6m20.0m17.7m

Income tax expense

4.0m3.4m2.9m2.6m3.1m2.6m3.7m3.9m3.8m

Net Income

13.4m12.9m9.4m8.3m11.9m11.4m16.8m16.1m13.9m

EPS

0.70.70.60.50.70.60.90.90.8

CorVel Balance Sheet

Annual

USDFY, 2019FY, 2020FY, 2021

Cash

91.7m83.2m139.7m

Accounts Receivable

71.3m65.8m64.7m

Prepaid Expenses

7.2m11.0m8.0m

Current Assets

215.5m209.0m268.9m

PP&E

62.0m75.9m70.6m

Goodwill

36.8m36.8m36.8m

Total Assets

318.0m416.3m424.8m

Accounts Payable

9.9m15.1m12.4m

Current Liabilities

116.9m133.7m162.5m

Long-term debt

85.1m41.9m

Total Debt

85.1m41.9m

Total Liabilities

123.2m226.5m204.4m

Common Stock

3.0k3.0k3.0k

Additional Paid-in Capital

155.8m168.9m185.9m

Retained Earnings

505.2m552.5m598.9m

Total Equity

194.8m552.5m220.4m

Debt to Equity Ratio

0.2 x0.2 x

Debt to Assets Ratio

0.2 x0.1 x

Financial Leverage

1.6 x0.8 x1.9 x

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

104.4m97.9m89.6m94.1m106.1m128.8m138.7m131.1m115.5m

Accounts Receivable

66.8m71.4m66.2m67.5m73.1m63.6m67.3m69.4m69.5m

Prepaid Expenses

6.7m7.6m8.8m10.2m10.6m12.5m8.5m10.5m13.4m

Current Assets

221.6m219.1m210.6m224.4m242.3m259.2m266.9m272.0m268.7m

PP&E

68.2m72.3m77.0m74.4m72.0m72.5m70.7m70.1m70.9m

Goodwill

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

Total Assets

427.9m426.8m422.1m425.0m441.6m457.9m422.5m424.9m423.7m

Accounts Payable

17.9m16.1m17.4m12.9m11.3m12.1m11.3m12.9m11.8m

Current Liabilities

130.7m132.9m135.7m138.5m149.1m158.8m152.3m162.6m170.5m

Long-term debt

87.3m87.3m87.6m80.9m82.9m82.3m40.7m38.5m38.2m

Total Debt

87.3m87.3m87.6m80.9m82.9m82.3m40.7m38.5m38.2m

Total Liabilities

224.0m226.0m228.7m226.9m239.2m248.0m192.9m201.1m208.8m

Common Stock

3.0k3.0k3.0k3.0k3.0k3.0k3.0k3.0k3.0k

Additional Paid-in Capital

160.5m163.8m166.2m171.4m175.9m179.7m192.4m196.2m199.0m

Retained Earnings

518.6m531.4m540.8m560.8m572.7m584.1m615.7m631.8m645.7m

Total Equity

203.8m200.8m193.4m198.1m202.4m209.9m229.5m223.8m214.9m

Debt to Equity Ratio

0.4 x0.4 x0.5 x0.4 x0.4 x0.4 x0.2 x0.2 x0.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.1 x0.1 x0.1 x

Financial Leverage

2.1 x2.1 x2.2 x2.1 x2.2 x2.2 x1.8 x1.9 x2 x

CorVel Cash Flow

Annual

USDFY, 2019FY, 2020FY, 2021

Net Income

46.7m47.4m46.4m

Depreciation and Amortization

23.0m22.5m23.4m

Accounts Receivable

(8.3m)4.0m(976.0k)

Cash From Operating Activities

78.6m80.8m94.4m

Purchases of PP&E

(15.3m)(32.4m)(17.2m)

Cash From Investing Activities

(15.3m)(32.4m)(17.2m)

Cash From Financing Activities

(27.4m)(57.0m)(20.6m)

Net Change in Cash

35.9m(8.5m)56.5m

Income Taxes Paid

12.9m15.1m20.8m

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

13.4m26.3m35.6m8.3m20.2m31.5m16.8m32.9m46.8m

Depreciation and Amortization

9.0m17.8m16.8m5.8m11.6m17.6m5.9m11.8m17.9m

Accounts Receivable

4.3m(926.0k)6.6m(2.9m)(8.8m)234.0k(2.7m)(4.8m)(5.0m)

Cash From Operating Activities

26.4m46.4m66.3m15.4m39.5m73.8m14.5m35.2m50.4m

Purchases of PP&E

(8.0m)(17.5m)(27.7m)(3.6m)(6.9m)(13.3m)(6.5m)(11.6m)(18.4m)

Cash From Investing Activities

(8.0m)(17.5m)(27.7m)(3.6m)(6.9m)(13.3m)(6.5m)(11.6m)(18.4m)

Cash From Financing Activities

(5.6m)(22.7m)(40.6m)(916.0k)(9.7m)(14.9m)(9.1m)(32.2m)(56.1m)

Net Change in Cash

12.7m6.2m(2.1m)10.9m22.9m45.6m(1.1m)(8.6m)(24.2m)

Income Taxes Paid

310.0k8.2m11.9m211.0k6.2m9.8m442.0k12.5m17.9m

CorVel Ratios

USDFY, 2019

Revenue/Employee

152.6k

Financial Leverage

1.6 x

P/E Ratio

26.5

CorVel Employee Rating

3.1478 votes
Culture & Values
2.9
Work/Life Balance
3.4
Senior Management
2.8
Salary & Benefits
2.6
Career Opportunities
2.8
Source
View CorVel profile

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