Corvel (CRVL) Net Margin (2010 - 2025)
Corvel (CRVL) recorded quarterly Net Margin of 10.26% in Q4 2025, down 11.9% quarter-over-quarter from 11.64% in Q3 2025, and down 17.0% on a YoY basis from 12.36% in Q4 2024.
Corvel (CRVL) Net Margin (2010 - 2025) Analysis & Trends
Corvel's Net Margin history runs 16 years deep, the most recent figure standing at 10.26% for Q4 2025.
- In Q4 2025, Net Margin fell 17.0% year-over-year to 10.26%; the TTM figure through Dec 2025 stood at 11.23% (up 111.0% YoY), while the FY2025 annual figure was 10.63%, up 104.0% from the prior year.
- Net Margin was 10.26% for Q4 2025 at Corvel, down from 11.64% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.8% in Q1 2022 to a low of 4.42% in Q1 2021.
- Historically, Net Margin has averaged 9.91% across 5 years, with a median of 10.19% in 2021.
- The sharpest annual moves came in 2021 and 2022: Net Margin slumped 357 bps in 2021, then soared 838 bps in 2022.
- A 5-year view of Net Margin shows it stood at 8.42% in 2021, then rose by 11 bps to 9.39% in 2022, then slipped by 10 bps to 8.45% in 2023, then climbed by 23 bps to 10.43% in 2024, then retreated by 2 bps to 10.26% in 2025.
- The last three Net Margin figures came in at 10.26% (Q4 2025), 11.64% (Q3 2025), and 11.6% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 15.61% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 24.61% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 17.45% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 12.95% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 22.46% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 19.44% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 10.26% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -4.01% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -111.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.26% |
| Sep 30, 2025 | 11.64% |
| Jun 30, 2025 | 11.60% |
| Mar 31, 2025 | 11.41% |
| Dec 31, 2024 | 10.43% |
| Sep 30, 2024 | 10.43% |
| Jun 30, 2024 | 10.19% |
| Mar 31, 2024 | 9.39% |
| Dec 31, 2023 | 8.45% |
| Sep 30, 2023 | 10.18% |
| Jun 30, 2023 | 10.41% |
| Mar 31, 2023 | 9.80% |
| Dec 31, 2022 | 9.39% |
| Sep 30, 2022 | 8.26% |
| Jun 30, 2022 | 9.47% |
| Mar 31, 2022 | 12.80% |
| Dec 31, 2021 | 8.42% |
| Sep 30, 2021 | 10.19% |
| Jun 30, 2021 | 11.04% |
| Mar 31, 2021 | 4.42% |