profit from every $100 of sales.
$0$100
CorVel
$84.12+0.57% today
+8.5% in 1 year
1-year low $46.001-year high $87.38
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2026.
0%20% a year
You pay $38.38 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What CorVel sold, what it kept, and what it did with the cash.
Sales went from $719 million in 2023 to $959 million in 2026, with $110 million of profit last year.
SalesProfit
CorVel handed back 51% of the cash it generated last year.
Buybacks $56M
Free cash flow 2026$110M
Bought back its own shares$56M
Paid as dividends–
Cash vs. debt$233M vs. $28M
CorVel vs. similar companies
CorVel grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| CorVel | 38.4× · Expensive | ||
 Willis Towers Watson Public | 19.2× · Fair price | ||
 Brown & Brown | 22.5× · Fair price | ||
 Erie Indemnity | 25.4× · Fair price | ||
 The Baldwin Insurance Group | No profit yet |
AI analysis
An AI analyst reads CorVel's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 553 | 646 | 719 | 795 | 896 | 959 | |
| 124 | 152 | 158 | 172 | 210 | 233 | |
| – | – | 85 | 95 | 121 | 143 | |
| – | – | 110 | 121 | 150 | 175 | |
| 46 | 66 | 66 | 76 | 95 | 110 | |
| 0.85 | 1.22 | 1.26 | 1.47 | 1.83 | 2.14 | |
| 22.4% | 23.5% | 22.0% | 21.6% | 23.4% | 24.3% | |
| – | – | 11.8% | 12.0% | 13.5% | 14.9% | |
| 8.4% | 10.3% | 9.2% | 9.6% | 10.6% | 11.5% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Total assets | 425 | 415 | 394 | 455 | 546 | 643 |
| Cash | 140 | 98 | 71 | 106 | 171 | 233 |
| Total debt | – | – | 34 | 31 | 28 | 28 |
| Total liabilities | 204 | 203 | 192 | 207 | 224 | 249 |
| 220 | 212 | 202 | 248 | 322 | 394 | |
| 54 | 54 | 53 | 52 | 52 | 52 | |
| – | – | 28.3% | 26.9% | 27.3% | 26.8% | |
| 21.0% | 31.3% | 32.8% | 30.8% | 29.6% | 28.0% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 94 | 67 | 82 | 99 | 127 | 156 | |
| 17 | 30 | 26 | 29 | 36 | 45 | |
| 77 | 37 | 56 | 70 | 92 | 110 | |
| Dividends paid | – | – | – | – | – | – |
| 33 | 90 | 94 | 46 | 38 | 56 | |
| 5 | 5 | 6 | 5 | 6 | 5 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 38.4×
- –
- 1.89
- 7.9×
- 4.4×
- 2.6%
- 0.0%
Profitability
- 11.5%
- 26.3%
- 25.1%
- 30.1%
- 16.4%
Growth
- +11.6%
- +20.3%
- –
- −1.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 5%of 749
Bottom 35%of 604
Bottom 14%of 872
Top 42%of 883
Bottom 40%of 931
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 3, 2026 | 0.47 | – | – |
| Nov 4, 2025 | 0.54 | – | – |
| Aug 5, 2025 | 0.52 | – | – |
| May 22, 2025 | 0.51 | – | – |
| Nov 5, 2024 | 0.45 | – | – |
| Jul 30, 2024 | 0.42 | – | – |
| May 22, 2024 | 0.37 | – | – |
| Aug 1, 2023 | 0.38 | – | – |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
60Pass
Benjamin Graham
44No pass
Philip Fisher
67Pass
Peter Lynch
63Pass
Joel Greenblatt
29No pass
Charlie Munger
75Pass
Terry Smith
70Pass
Questions about CorVel
Is CorVel a good stock to buy?
A solid business, but the price is high. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the CorVel AI analysis
What does CorVel do?
CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It is in Insurance - Brokers, based in Fort Worth, TX, United States, with 5,239 employees.
Does CorVel pay a dividend?
No. CorVel does not pay a dividend at the moment; in 2026 it returned $56.2 million to shareholders by buying back its own shares.
Is CorVel stock halal?
Questionable. CorVel sits in a grey zone: scholars disagree about its industry. How we check
How has CorVel stock done over the past year?
Up 8.5% over the past twelve months, to $84.12. It traded between $46.00 and $87.38 and is 3.7% below its high.
Who are CorVel's competitors?
The largest listed companies in the same industry are Willis Towers Watson Public, Brown & Brown, Erie Indemnity and The Baldwin Insurance Group. The peers table on this page compares their profit, growth and price with CorVel's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.