Corvel (CRVL) Gross Margin (2010 - 2025)
Corvel (CRVL) recorded quarterly Gross Margin of 23.31% in Q4 2025, down 4.0% quarter-over-quarter from 24.28% in Q3 2025, and up 12.0% on a YoY basis from 20.81% in Q4 2024.
Corvel (CRVL) Gross Margin (2010 - 2025) Analysis & Trends
Corvel's Gross Margin history runs 16 years deep, the most recent figure standing at 23.31% for Q4 2025.
- In Q4 2025, Gross Margin rose 12.0% year-over-year to 23.31%; the TTM figure through Dec 2025 stood at 24.22% (up 182.0% YoY), while the FY2025 annual figure was 23.42%, up 183.0% from the prior year.
- Gross Margin was 23.31% for Q4 2025 at Corvel, down from 24.28% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 25.13% in Q1 2025 to a low of 20.34% in Q3 2022.
- Historically, Gross Margin has averaged 22.93% across 5 years, with a median of 22.69% in 2024.
- The sharpest annual moves came in 2022 and 2025: Gross Margin sank 290 bps in 2022, then jumped 419 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 21.39% in 2021, then climbed by 5 bps to 22.49% in 2022, then fell by 7 bps to 20.84% in 2023, then gained by 11 bps to 23.19% in 2024, then climbed by 1 bps to 23.31% in 2025.
- The last three Gross Margin figures came in at 23.31% (Q4 2025), 24.28% (Q3 2025), and 24.18% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 77.45% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | - |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | - |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 84.80% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | - |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 23.31% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 36.98% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.31% |
| Sep 30, 2025 | 24.28% |
| Jun 30, 2025 | 24.18% |
| Mar 31, 2025 | 25.13% |
| Dec 31, 2024 | 23.19% |
| Sep 30, 2024 | 22.62% |
| Jun 30, 2024 | 22.74% |
| Mar 31, 2024 | 20.94% |
| Dec 31, 2023 | 20.84% |
| Sep 30, 2023 | 22.63% |
| Jun 30, 2023 | 22.01% |
| Mar 31, 2023 | 22.62% |
| Dec 31, 2022 | 22.49% |
| Sep 30, 2022 | 20.34% |
| Jun 30, 2022 | 22.61% |
| Mar 31, 2022 | 25.12% |
| Dec 31, 2021 | 21.39% |
| Sep 30, 2021 | 23.24% |
| Jun 30, 2021 | 24.38% |
| Mar 31, 2021 | 24.55% |