CRVL
Financial ServicesCorVel Corporation · Insurance - Brokers · $3B
What is CorVel Corporation?
CorVel Corporation is a mid-cap managed care company focused on workers' compensation, auto, liability, and health cost management. Headquartered in Fort Worth, Texas, it serves employers, insurers, and government agencies nationwide.
CorVel helps organizations control healthcare claim costs by combining technology with managed care services. Its platform applies artificial intelligence, machine learning, and natural language processing to monitor care quality and manage medical episodes. Revenue comes from two main service lines: network solutions — which includes fee auditing, pharmacy services, and provider management — and patient management services, covering case management, nurse triage, and utilization review.
CorVel was incorporated in 1987 and established its operations in Fort Worth, Texas.
- Automated medical fee auditing and bill review
- Preferred provider network and reimbursement management
- 24/7 nurse triage and case management services
- AI-powered utilization and claims management platform
- Medicare solutions and independent medical examinations
Is CRVL a Good Stock to Buy?
UQS Score rates CRVL as Below Average overall.
Among the five pillars, Quality and Risk both register as Neutral, suggesting the business maintains a reasonably stable operating profile without extreme financial stress. Valuation also lands at Neutral, meaning the stock is neither clearly cheap nor obviously expensive relative to its fundamentals.
The Moat and Growth pillars are both rated Weak, pointing to limited competitive differentiation and a lack of meaningful expansion momentum — two factors that weigh on the composite score.
Pro members can view the full pillar breakdown and underlying financial metrics to understand exactly where CRVL stands. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CRVL pay dividends?
No — CorVel Corporation does not currently pay a dividend.
CorVel does not currently pay a dividend. For a company operating in managed care and technology-enabled claims services, retaining capital to fund platform development and operational capabilities is a common strategic choice. Income-focused investors should factor this into their assessment of CRVL.
When does CRVL report earnings?
CorVel reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Given the Weak Growth pillar rating, recent results have not demonstrated strong expansion relative to sector peers. The Neutral Quality and Risk ratings suggest the business has remained operationally stable without significant deterioration.
For the most recent quarter's results and guidance, visit CorVel's investor relations page directly.
CRVL Price History
+35.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in CorVel Corporation?
Based on CorVel Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CRVL Long-term Outlook
The combination of Weak Growth and Weak Moat pillars suggests limited near-term fundamental tailwinds for CRVL. While the Neutral Risk rating indicates the company is not in acute financial distress, the absence of a clear competitive advantage makes durable outperformance harder to sustain. Valuation at Neutral means the stock does not offer an obvious margin of safety to offset these structural concerns.
Growth drivers
- Broader adoption of AI and automation in claims processing
- Growing demand for cost-containment solutions among self-insured employers
- Expansion of managed care services into new government and insurance channels
Key risks
- Limited moat increases vulnerability to larger, better-resourced competitors
- Weak growth trajectory may compress future earnings power
- Regulatory changes in workers' compensation or healthcare reimbursement
CRVL vs Peers
CorVel operates in a competitive segment of the financial services and managed care space, alongside several specialty insurance and risk management firms.
Accelerant focuses on specialty insurance risk-sharing through a technology-enabled MGA platform, targeting a different segment of the insurance value chain than CorVel's managed care services.
Baldwin operates as a full-service insurance distribution and advisory firm, competing more broadly across commercial and personal lines rather than CorVel's niche in claims cost management.
Erie Indemnity is a large, established property and casualty insurer with a direct agency model, giving it a very different revenue structure and scale compared to CorVel's service-fee-based managed care model.
Frequently Asked Questions
What does CorVel Corporation do?
CorVel provides managed care and cost-containment services for workers' compensation, auto, liability, and health claims. It serves employers, insurers, third-party administrators, and government agencies by combining technology — including AI and machine learning — with services like nurse triage, case management, and medical bill review.
Does CRVL pay dividends?
No, CorVel does not currently pay a dividend. The company retains its earnings to reinvest in its technology platform and service operations. Investors seeking regular income should note this when evaluating CRVL.
When does CRVL report earnings?
CorVel follows a standard quarterly earnings cadence for US-listed companies. The company does not pre-announce specific dates far in advance. Check CorVel's investor relations page for the most current schedule.
Is CRVL a good stock to buy?
The UQS Score rates CRVL as Below Average, driven by Weak ratings on both the Moat and Growth pillars. While Quality, Risk, and Valuation are Neutral, the overall profile suggests limited fundamental strength. Pro members can access the complete pillar breakdown for a deeper view.
Is CRVL overvalued?
CRVL's Valuation pillar is rated Neutral, meaning it does not appear significantly overpriced or underpriced relative to its fundamentals at the composite level. However, given the Weak Growth and Moat ratings, investors should weigh whether the current price adequately reflects those limitations.
How does CRVL compare to its competitors?
CorVel occupies a specialized niche in managed care and claims cost management, which differs from broader insurance carriers like Erie Indemnity or distribution-focused firms like Baldwin. Its technology-enabled approach is a differentiator, though the Weak Moat rating suggests this advantage has not yet translated into durable competitive separation.
What is CRVL's market cap bracket?
CorVel is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-cap peers while carrying more risk than mega-cap incumbents.
Who founded CorVel Corporation?
CorVel was incorporated in 1987 and built its managed care operations from Fort Worth, Texas. Detailed founding history, including key executives involved in the company's formation, is available through publicly accessible corporate filings and the company's official history.
Is CRVL a long-term quality investment?
As a long-term quality indicator, CRVL's Below Average UQS Score reflects concerns — particularly the Weak Moat and Growth ratings — that could limit compounding potential over time. The Neutral Quality and Risk scores provide some stability, but durable long-term quality typically requires stronger competitive positioning.
What is the main competitive advantage of CorVel?
CorVel's primary differentiator is its integrated technology platform, which applies AI, machine learning, and natural language processing to claims and care management. However, the UQS Moat pillar rates this advantage as Weak, suggesting competitors may offer comparable or superior capabilities in parts of the market.
What sector does CRVL belong to?
CorVel is classified under the Financial Services sector. More specifically, it operates at the intersection of managed care, insurance services, and healthcare cost management — a niche that blends technology with claims administration.
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Pro Analysis
CRVL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 52.7 | 56.2 | 38.0 | 53.4 | 83.3 | 39.6 | 0.0 |
| May 22, 2026 | 52.7 | 56.2 | 38.0 | 53.4 | 83.3 | 40.1 | +0.1 |
| May 21, 2026 | 52.6 | 56.2 | 38.0 | 53.4 | 83.3 | 39.1 | -0.3 |
| May 20, 2026 | 52.9 | 56.2 | 38.0 | 53.4 | 83.3 | 40.9 | +0.1 |
| May 19, 2026 | 52.8 | 56.2 | 38.0 | 53.4 | 83.3 | 40.8 | -0.2 |
| May 16, 2026 | 53.0 | 56.2 | 38.0 | 53.4 | 83.3 | 41.7 | +0.1 |
| May 15, 2026 | 52.9 | 56.2 | 38.0 | 53.4 | 83.3 | 41.1 | 0.0 |
| May 14, 2026 | 52.9 | 56.2 | 38.0 | 53.4 | 83.3 | 40.9 | 0.0 |
| May 13, 2026 | 52.9 | 56.2 | 38.0 | 53.4 | 83.3 | 41.1 | 0.0 |
| May 12, 2026 | 52.9 | 56.2 | 38.0 | 53.4 | 83.3 | 41.3 | +4.2 |
CRVL — Pillar Breakdown
Quality
— 56.2/100 (25%)CorVel Corporation shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 53.4/100 (20%)CorVel Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 83.3/100 (15%)CorVel Corporation carries minimal financial risk with conservative leverage and strong solvency.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 38.5/100 (15%)CorVel Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 38/100 (25%)CorVel Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CRVL.
Score Composition
Financial Data
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How is the CRVL UQS Score Calculated?
The UQS (Unified Quality Score) for CorVel Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses CorVel Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether CorVel Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.