Corvel (CRVL) Gross Margin (2010 - 2025)
Corvel's (CRVL) quarterly Gross Margin came in at 23.31% in Q4 2025, up 12.0% year-on-year from 20.81% in Q4 2024, and down 4.0% quarter-over-quarter from 24.28% in Q3 2025.
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.
- On a quarterly basis, Gross Margin rose 12.0% year-over-year to 23.31% in Q4 2025; TTM through Dec 2025 was 24.22%, a 182.0% increase from a year earlier, with the FY2025 full-year figure at 23.42%, up 183.0% from the prior year.
- Gross Margin declined to 23.31% in Q4 2025 per CRVL's latest filing, from 24.28% in the prior quarter.
- Across five years, Gross Margin topped out at 25.13% in Q1 2025 and bottomed at 20.34% in Q3 2022.
- The 5-year median for Gross Margin is 22.69% (2024), against an average of 22.93%.
- Across the five-year window, Gross Margin sank 290 bps in 2022 and soared 419 bps in 2025, its largest moves.
- Year by year, Gross Margin 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.
- Per Business Quant, the three latest CRVL Gross Margin figures stand at 23.31% (Q4 2025), 24.28% (Q3 2025), and 24.18% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 81.58% |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | - |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | - |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 84.80% |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 69.96% |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 36.98% |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 23.31% |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | - |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 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% |