CorVel Corporation
CRVLFinancial Statements
Income Statement (Annual)
Amounts in millions
2025
3/31/2025
Revenue
896
Cost of Revenue
686
Gross Profit
210
Gross Margin
23.4%
Operating Income
121
Operating Margin
13.5%
Net Income
95
Net Margin
10.6%
EPS (Basic)
$1.85
EPS (Diluted)
$1.83
EBITDA
150
EBITDA Margin
16.8%
2024
3/31/2024
Revenue
795
Cost of Revenue
624
Gross Profit
172
Gross Margin
21.6%
Operating Income
95
Operating Margin
12.0%
Net Income
76
Net Margin
9.6%
EPS (Basic)
$1.48
EPS (Diluted)
$1.47
EBITDA
121
EBITDA Margin
15.3%
2023
3/31/2023
Revenue
719
Cost of Revenue
560
Gross Profit
158
Gross Margin
22.0%
Operating Income
85
Operating Margin
11.8%
Net Income
66
Net Margin
9.2%
EPS (Basic)
$1.28
EPS (Diluted)
$1.26
EBITDA
110
EBITDA Margin
15.3%
2022
3/31/2022
Revenue
646
Cost of Revenue
494
Gross Profit
152
Gross Margin
23.5%
Operating Income
85
Operating Margin
13.1%
Net Income
66
Net Margin
10.3%
EPS (Basic)
$1.25
EPS (Diluted)
$1.22
EBITDA
108
EBITDA Margin
16.8%
2021
3/31/2021
Revenue
553
Cost of Revenue
429
Gross Profit
124
Gross Margin
22.4%
Operating Income
59
Operating Margin
10.7%
Net Income
46
Net Margin
8.4%
EPS (Basic)
$0.86
EPS (Diluted)
$2.50
EBITDA
83
EBITDA Margin
14.9%