CorVel Corp (CRVL) - Net Assets
Based on the latest financial reports, CorVel Corp (CRVL) has net assets worth $375.72 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($644.78 Million) and total liabilities ($269.06 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 liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $375.72 Million |
| % of Total Assets | 58.27% |
| Annual Growth Rate | 11.21% |
| 5-Year Change | 46.09% |
| 10-Year Change | 144.03% |
| Growth Volatility | 17.34 |
CorVel Corp - Net Assets Trend (1991–2025)
This chart illustrates how CorVel Corp's net assets have evolved over time, based on quarterly financial data. Also explore CRVL total assets for the complete picture of this company's asset base.
Annual Net Assets for CorVel Corp (1991–2025)
The table below shows the annual net assets of CorVel Corp from 1991 to 2025. For live valuation and market cap data, see CorVel Corp (CRVL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 90588500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $903.09 Million | 280.47% |
| Common Stock | $5.00K | 0.00% |
| Total Equity | $321.99 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 |
|---|---|
|
Zhejiang Transfar Co Ltd
SHE:002010
|
$2.36 Billion |
|
Tanco Holdings Bhd
KLSE:2429
|
$2.36 Billion |
|
Cadeler As
OL:CADLR
|
$2.36 Billion |
|
United Natural Foods Inc
NYSE:UNFI
|
$2.36 Billion |
|
Dentsply Sirona Inc
NASDAQ:XRAY
|
$2.36 Billion |
|
China Aluminum International Engineering Corp Ltd
SHG:601068
|
$2.36 Billion |
|
Ardagh Metal Packaging SA
NYSE:AMBP
|
$2.35 Billion |
|
Terna Energy Societe Anonyme Commercial Technical Company
AT:TENERGY
|
$2.35 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 2024 to 2025, total equity changed from 247,647,000 to 321,987,000, a change of 74,340,000 (30.0%).
- Net income of 95,165,000 contributed positively to equity growth.
- Share repurchases of 37,605,000 reduced equity.
- Other factors increased equity by 16,780,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $95.17 Million | +29.56% |
| Share Repurchases | $37.60 Million | -11.68% |
| Other Changes | $16.78 Million | +5.21% |
| Total Change | $- | 30.02% |
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: 9.30x
- 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 280.92x to 9.30x 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 | $57.53 | x |
| 1992-03-31 | $0.18 | $57.53 | x |
| 1993-03-31 | $0.22 | $57.53 | x |
| 1994-03-31 | $0.25 | $57.53 | x |
| 1995-03-31 | $0.31 | $57.53 | x |
| 1996-03-31 | $0.36 | $57.53 | x |
| 1997-03-31 | $0.36 | $57.53 | x |
| 1998-03-31 | $0.42 | $57.53 | x |
| 1999-03-31 | $0.48 | $57.53 | x |
| 2000-03-31 | $0.50 | $57.53 | x |
| 2001-03-31 | $0.56 | $57.53 | x |
| 2002-03-31 | $0.60 | $57.53 | x |
| 2003-03-31 | $0.69 | $57.53 | x |
| 2004-03-31 | $0.81 | $57.53 | x |
| 2005-03-31 | $0.78 | $57.53 | x |
| 2006-03-31 | $0.78 | $57.53 | x |
| 2007-03-31 | $0.93 | $57.53 | x |
| 2008-03-31 | $1.14 | $57.53 | x |
| 2009-03-31 | $1.30 | $57.53 | x |
| 2010-03-31 | $1.29 | $57.53 | x |
| 2011-03-31 | $1.34 | $57.53 | x |
| 2012-03-31 | $1.49 | $57.53 | x |
| 2013-03-31 | $1.50 | $57.53 | x |
| 2014-03-31 | $5.92 | $57.53 | x |
| 2015-03-31 | $6.12 | $57.53 | x |
| 2016-03-31 | $6.60 | $57.53 | x |
| 2017-03-31 | $7.08 | $57.53 | x |
| 2018-03-31 | $8.99 | $57.53 | x |
| 2019-03-31 | $10.25 | $57.53 | x |
| 2020-03-31 | $10.23 | $57.53 | x |
| 2021-03-31 | $11.89 | $57.53 | x |
| 2022-03-31 | $3.91 | $57.53 | x |
| 2023-03-31 | $3.83 | $57.53 | x |
| 2024-03-31 | $4.76 | $57.53 | x |
| 2025-03-31 | $6.19 | $57.53 | 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): 29.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.63%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 1.70x
- Recent ROE (29.56%) is above the historical average (21.57%), 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 |
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: $700,938,556
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CorVel Corp (CRVL) | $375.72 Million | 8.05% | 0.72x | $2.36 Billion |
| Fanhua Inc. (AIFU) | $1.95 Billion | 13.72% | 0.58x | $162.32 Million |
| Arthur J Gallagher & Co (AJG) | $81.90 Million | 21.61% | 2.90x | $52.50 Billion |
| Aon PLC (AON) | $2.29 Billion | 14.15% | 6.12x | $66.82 Billion |
| Accelerant Holdings (ARX) | $350.00 Million | -26.20% | 5.28x | $1.50 Billion |
| Brown & Brown Inc (BRO) | $13.40 Million | 34.33% | 4.85x | $19.62 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $1.19 Billion | -2.58% | 1.42x | $2.12 Billion |
| Crawford & Company (CRD-A) | $215.69 Million | 6.96% | 3.14x | $310.54 Million |
| Crawford & Company (CRD-B) | $139.83 Million | 21.89% | 4.72x | $182.26 Million |
| eHealth Inc (EHTH) | $77.60 Million | 0.39% | 0.40x | $41.02 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