Company Analysis

CorVel Corp. (CRVL)

Nasdaq: CRVL · Insurance Agents, Brokers & Service · Irvine, CA · filing with the SEC since 1995
Grade5.5
◀ Past 5.1● Present 5.5▶ Future 5.8

The grade of CorVel Corp.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.125% of the headline
● Present5.545% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.2/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2020-06-01.

weight 45% of this tense · 42nd percentile among 30 sector filers · read for itself

From the record

CorVel Corp.'s filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2020-06-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.5/10

What has it actually done, year after year?

+7.1% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 45th percentile among 29 sector filers · read for its customers

From the record

CorVel Corp.'s 10 filed years say what it did: revenue went from $519 million in fiscal 2017 to $959 million in fiscal 2026, up 7.1% a year; it rose in 7 of 9 years; the deepest fall was 7% from fiscal 2019 to fiscal 2021; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.1%bottom 29% of its family
  • the share of years revenue rosebottom 33% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak7.2%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.0/10

How has it treated the people who own it?

Share count shrank 0.7% a year. 37% of cash flow returned. Insiders: 20 sales, 0 purchases.

weight 22% of this tense · 80th percentile among 20 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-31, CorVel Corp.'s diluted share count shrank about 0.7% a year, and dividends and buybacks returned about 37% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 20 sales (5 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 15% of its family
  • cash returned against operating cash flowtop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
7.0/10

Is it financially healthy right now?

ROE 28%: 28¢ of profit per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.

weight 33% of this tense · 70th percentile among 30 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, CorVel Corp. earned about 28 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 36 cents per dollar of everything the company owns. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count shrank 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitytop 14% of its family
  • gross profit against assetsbottom 27% of its family
  • the share count against the year beforetop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 30 in its family; net margin 11.5%.

weight 45% of this tense · 47th percentile among 30 sector filers · read for its customers

From the record

CorVel Corp.'s standing among 30 graded names in its industry family: revenue of $959 million in fiscal 2026 ranks in the bottom 40% by size; a net margin of 11.5% ranks in the top 35%; revenue growth of 10.1% a year over the last 3 filed years ranks in the bottom 35% (its annual reports).

What it rests on

  • revenue against the family$959Mbottom 40% of its family
  • net margin11.5%top 35% of its family
  • three-year revenue growth10.1%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.9/10

What are the people in charge doing?

bottom 49% of 21 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 49th percentile among 21 sector filers · read for its shareholders

From the record

CorVel Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Scott, Sarah A. (CEO and President, as filed), filing under that title since 2026-07-10, 4 months (bottom 8% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 8.8 years (top 18%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 12 peopletop 42% of its family
  • the median years the people in charge have filed8.8 yearstop 18% of its family
  • the chief executive's years on the record4 monthsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.4/10

How much room does it have to grow?

top 46% of 29 in its family for room to expand.

weight 33% of this tense · 54th percentile among 29 sector filers · read for itself

From the record

CorVel Corp.'s room to grow, from the newest filed statements (fiscal 2026): cash of $233 million against no long-term debt tagged leaves 36.2% of its assets as net cash, top 9% of its family; cash from operations less capital spending is 11.5% of revenue (top 48%); a gross margin of 24.3% (bottom 19%) (its annual report).

What it rests on

  • cash less debt against assets36.2%top 9% of its family
  • cash from operations less capital spending against revenue11.5%top 48% of its family
  • gross margin24.3%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.5/10

What could actually drive growth from here?

top 35% of 29 in its family for growth drivers.

weight 33% of this tense · 65th percentile among 29 sector filers · read for its customers

From the record

CorVel Corp.'s growth drivers, from the filed years to fiscal 2026: revenue grew 10.1% a year over the last three filed years against 7.1% over all 10, speeding up (top 12% of its family); the newest year grew 7% (bottom 36%); capital spending grew 19.9% a year (top 28%) (its annual reports). CorVel Corp. reported 2 product lines in fiscal 2026: Patient Management Services at $597 million (62%), Network Solutions Services at $362 million (38%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+3.0 points a yeartop 12% of its family
  • the newest year's revenue growth7.0%bottom 36% of its family
  • three-year growth of capital spending19.9%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.5/10

Did its newest year beat what its own record pointed to?

top 45% of 25 in its family for expectations against reality.

weight 33% of this tense · 55th percentile among 25 sector filers · read for its shareholders

From the record

CorVel Corp.'s newest year against its own record: revenue of $959 million in fiscal 2026 came in 4.1% below the $1000 million its prior three years' pace pointed to (top 38% of its family); net income of $110 million against a prior three-year average of $79 million (top 50%); a net margin of 11.5% against 9.8% before (top 46%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-4.1%top 38% of its family
  • net income against the prior three years' average+39%top 50% of its family
  • net margin against its prior average+1.7 pointstop 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CRVL · research, not advice