CorVel Corp (CRVL) - Net Assets
Based on the latest financial reports, CorVel Corp (CRVL) has net assets worth $408.89 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($689.74 Million) and total liabilities ($280.84 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CorVel Corp PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $408.89 Million |
| % of Total Assets | 59.28% |
| Annual Growth Rate | 11.51% |
| 5-Year Change | 85.61% |
| 10-Year Change | 184.34% |
| Growth Volatility | 17.17 |
CorVel Corp - Net Assets Trend (1991–2026)
This chart illustrates how CorVel Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of CorVel Corp.
Annual Net Assets for CorVel Corp (1991–2026)
The table below shows the annual net assets of CorVel Corp from 1991 to 2026. Also explore CRVL net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $394.23 Million | +22.44% |
| 2025-03-31 | $321.99 Million | +30.02% |
| 2024-03-31 | $247.65 Million | +22.49% |
| 2023-03-31 | $202.18 Million | -4.81% |
| 2022-03-31 | $212.40 Million | -3.63% |
| 2021-03-31 | $220.40 Million | +16.18% |
| 2020-03-31 | $189.71 Million | -2.61% |
| 2019-03-31 | $194.81 Million | +13.80% |
| 2018-03-31 | $171.18 Million | +23.46% |
| 2017-03-31 | $138.65 Million | +5.08% |
| 2016-03-31 | $131.95 Million | +3.15% |
| 2015-03-31 | $127.92 Million | +1.11% |
| 2014-03-31 | $126.52 Million | +13.57% |
| 2013-03-31 | $111.40 Million | +0.92% |
| 2012-03-31 | $110.38 Million | +10.78% |
| 2011-03-31 | $99.64 Million | +4.09% |
| 2010-03-31 | $95.73 Million | -0.59% |
| 2009-03-31 | $96.30 Million | -0.08% |
| 2008-03-31 | $96.38 Million | +21.69% |
| 2007-03-31 | $79.20 Million | +16.40% |
| 2006-03-31 | $68.04 Million | -7.55% |
| 2005-03-31 | $73.59 Million | -5.19% |
| 2004-03-31 | $77.62 Million | +15.47% |
| 2003-03-31 | $67.22 Million | +10.23% |
| 2002-03-31 | $60.98 Million | +3.86% |
| 2001-03-31 | $58.72 Million | +6.19% |
| 2000-03-31 | $55.29 Million | +3.93% |
| 1999-03-31 | $53.20 Million | +16.16% |
| 1998-03-31 | $45.80 Million | -0.65% |
| 1997-03-31 | $46.10 Million | +1.77% |
| 1996-03-31 | $45.30 Million | +26.54% |
| 1995-03-31 | $35.80 Million | +31.14% |
| 1994-03-31 | $27.30 Million | +33.82% |
| 1993-03-31 | $20.40 Million | +25.15% |
| 1992-03-31 | $16.30 Million | +87.36% |
| 1991-03-31 | $8.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CorVel Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 101622900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.01 Billion | 257.06% |
| Common Stock | $5.00K | 0.00% |
| Total Equity | $394.23 Million | 100.00% |
CorVel Corp Competitors by Market Cap
The table below lists competitors of CorVel Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIMCERE PHARMAC. GRP LTD
F:S2P
|
$3.17 Billion |
|
Fonciere Lyonnaise
PA:FLY
|
$3.17 Billion |
|
Vista Energy S.A.B. de C.V.
BA:VIST
|
$3.18 Billion |
|
National Energy Services Reunited Corp Ordinary Shares
NASDAQ:NESR
|
$3.18 Billion |
|
CITIC Heavy Industries Co Ltd
SHG:601608
|
$3.17 Billion |
|
Baoding Heavy Industry Co Ltd
SHE:002552
|
$3.17 Billion |
|
BankUnited Inc
NYSE:BKU
|
$3.17 Billion |
|
Sinochem International Corp
SHG:600500
|
$3.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CorVel Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 321,987,000 to 394,231,000, a change of 72,244,000 (22.4%).
- Net income of 110,344,000 contributed positively to equity growth.
- Share repurchases of 56,206,000 reduced equity.
- Other factors increased equity by 18,106,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $110.34 Million | +27.99% |
| Share Repurchases | $56.21 Million | -14.26% |
| Other Changes | $18.11 Million | +4.59% |
| Total Change | $- | 22.44% |
Book Value vs Market Value Analysis
This analysis compares CorVel Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.33x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 347.82x to 9.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-03-31 | $0.20 | $71.23 | x |
| 1992-03-31 | $0.18 | $71.23 | x |
| 1993-03-31 | $0.22 | $71.23 | x |
| 1994-03-31 | $0.25 | $71.23 | x |
| 1995-03-31 | $0.31 | $71.23 | x |
| 1996-03-31 | $0.36 | $71.23 | x |
| 1997-03-31 | $0.36 | $71.23 | x |
| 1998-03-31 | $0.42 | $71.23 | x |
| 1999-03-31 | $0.48 | $71.23 | x |
| 2000-03-31 | $0.50 | $71.23 | x |
| 2001-03-31 | $0.56 | $71.23 | x |
| 2002-03-31 | $0.60 | $71.23 | x |
| 2003-03-31 | $0.69 | $71.23 | x |
| 2004-03-31 | $0.81 | $71.23 | x |
| 2005-03-31 | $0.78 | $71.23 | x |
| 2006-03-31 | $0.78 | $71.23 | x |
| 2007-03-31 | $0.93 | $71.23 | x |
| 2008-03-31 | $1.14 | $71.23 | x |
| 2009-03-31 | $1.30 | $71.23 | x |
| 2010-03-31 | $1.29 | $71.23 | x |
| 2011-03-31 | $1.34 | $71.23 | x |
| 2012-03-31 | $1.49 | $71.23 | x |
| 2013-03-31 | $1.50 | $71.23 | x |
| 2014-03-31 | $5.92 | $71.23 | x |
| 2015-03-31 | $6.12 | $71.23 | x |
| 2016-03-31 | $6.60 | $71.23 | x |
| 2017-03-31 | $7.08 | $71.23 | x |
| 2018-03-31 | $8.99 | $71.23 | x |
| 2019-03-31 | $10.25 | $71.23 | x |
| 2020-03-31 | $10.23 | $71.23 | x |
| 2021-03-31 | $11.89 | $71.23 | x |
| 2022-03-31 | $3.91 | $71.23 | x |
| 2023-03-31 | $3.83 | $71.23 | x |
| 2024-03-31 | $4.76 | $71.23 | x |
| 2025-03-31 | $6.19 | $71.23 | x |
| 2026-03-31 | $7.64 | $71.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CorVel Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.51%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 1.63x
- Recent ROE (27.99%) is above the historical average (21.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 8.05% | 2.42% | 2.43x | 1.37x | $-170.00K |
| 1992 | 9.82% | 3.41% | 1.98x | 1.45x | $-30.00K |
| 1993 | 12.25% | 4.05% | 2.44x | 1.24x | $460.00K |
| 1994 | 16.12% | 5.46% | 2.33x | 1.27x | $1.67 Million |
| 1995 | 16.48% | 6.16% | 2.18x | 1.23x | $2.32 Million |
| 1996 | 16.11% | 6.69% | 2.02x | 1.19x | $2.77 Million |
| 1997 | 18.44% | 6.98% | 2.07x | 1.28x | $3.89 Million |
| 1998 | 20.74% | 6.70% | 2.34x | 1.32x | $4.92 Million |
| 1999 | 19.55% | 6.29% | 2.41x | 1.29x | $5.08 Million |
| 2000 | 21.64% | 6.41% | 2.62x | 1.29x | $6.44 Million |
| 2001 | 22.52% | 6.31% | 2.70x | 1.32x | $7.35 Million |
| 2002 | 24.30% | 6.28% | 2.94x | 1.32x | $8.72 Million |
| 2003 | 24.67% | 5.86% | 2.94x | 1.43x | $9.86 Million |
| 2004 | 20.63% | 5.25% | 2.87x | 1.37x | $8.25 Million |
| 2005 | 13.80% | 3.49% | 2.75x | 1.44x | $2.80 Million |
| 2006 | 14.34% | 3.66% | 2.66x | 1.47x | $2.95 Million |
| 2007 | 23.46% | 6.77% | 2.41x | 1.44x | $10.66 Million |
| 2008 | 24.26% | 7.75% | 2.15x | 1.46x | $13.75 Million |
| 2009 | 20.02% | 6.22% | 2.20x | 1.47x | $9.65 Million |
| 2010 | 27.26% | 7.72% | 2.41x | 1.47x | $16.52 Million |
| 2011 | 24.75% | 6.48% | 2.32x | 1.65x | $14.70 Million |
| 2012 | 24.05% | 6.43% | 2.40x | 1.56x | $15.51 Million |
| 2013 | 23.99% | 6.23% | 2.35x | 1.64x | $15.59 Million |
| 2014 | 27.18% | 7.18% | 2.23x | 1.70x | $21.74 Million |
| 2015 | 22.35% | 5.80% | 2.33x | 1.65x | $15.80 Million |
| 2016 | 21.62% | 5.66% | 2.29x | 1.67x | $15.33 Million |
| 2017 | 21.26% | 5.68% | 2.20x | 1.70x | $15.61 Million |
| 2018 | 20.85% | 6.39% | 2.04x | 1.60x | $18.58 Million |
| 2019 | 23.97% | 7.84% | 1.87x | 1.63x | $27.22 Million |
| 2020 | 24.97% | 8.00% | 1.42x | 2.19x | $28.41 Million |
| 2021 | 21.03% | 8.39% | 1.30x | 1.93x | $24.32 Million |
| 2022 | 31.27% | 10.28% | 1.56x | 1.96x | $45.17 Million |
| 2023 | 32.83% | 9.24% | 1.82x | 1.95x | $46.15 Million |
| 2024 | 30.79% | 9.59% | 1.75x | 1.84x | $51.49 Million |
| 2025 | 29.56% | 10.63% | 1.64x | 1.70x | $62.97 Million |
| 2026 | 27.99% | 11.51% | 1.49x | 1.63x | $70.92 Million |
Industry Comparison
This section compares CorVel Corp's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $2,125,649,667
- Average return on equity (ROE) among peers: 11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CorVel Corp (CRVL) | $408.89 Million | 8.05% | 0.69x | $3.17 Billion |
| Fanhua Inc. (AIFU) | $2.63 Billion | 17.30% | 0.58x | $63.70 Million |
| Arthur J Gallagher & Co (AJG) | $8.56 Billion | 10.59% | 2.90x | $62.49 Billion |
| Aon PLC (AON) | $6.16 Billion | 22.47% | 3.41x | $63.76 Billion |
| Accelerant Holdings (ARX) | $286.70 Million | -17.02% | 12.04x | $2.32 Billion |
| Brown & Brown Inc (BRO) | $93.75 Million | 28.58% | 1.51x | $22.04 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $769.97 Million | -2.04% | 0.99x | $2.73 Billion |
| Crawford & Company (CRD-A) | $250.30 Million | 15.70% | 0.89x | $370.94 Million |
| Crawford & Company (CRD-B) | $221.60 Million | 19.31% | 0.71x | $213.90 Million |
| eHealth Inc (EHTH) | $154.98 Million | 9.14% | 0.09x | $27.21 Million |
About CorVel Corp
CorVel Corporation provides workers' compensation, general and auto liability, and hospital bill auditing and payment integrity solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated m… Read more