Corvel (CRVL) Operating Income (2010 - 2025)

Corvel (CRVL) recorded quarterly Operating Income of $32.2 million in Q4 2025, down 10.22% quarter-over-quarter from $35.9 million in Q3 2025, and up 4.65% on a YoY basis from $30.8 million in Q4 2024.

Corvel (CRVL) Operating Income (2010 - 2025) Analysis & Trends

Corvel's Operating Income history runs 16 years deep, the most recent figure standing at $32.2 million for Q4 2025.

  • In Q4 2025, Operating Income rose 4.65% year-over-year to $32.2 million; the TTM figure through Dec 2025 stood at $136.7 million (up 24.19% YoY), while the FY2025 annual figure was $25.4 million, up 27.05% from the prior year.
  • Operating Income was $32.2 million for Q4 2025 at Corvel, down from $35.9 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $35.9 million in Q3 2025 to a low of $17.7 million in Q4 2021.
  • Historically, Operating Income has averaged $25.4 million across 5 years, with a median of $23.7 million in 2023.
  • The sharpest annual moves came in 2021 and 2023: Operating Income soared 88.28% in 2021, then declined 13.96% in 2023.
  • A 5-year view of Operating Income shows it stood at $17.7 million in 2021, then gained by 25.65% to $22.2 million in 2022, then advanced by 0.65% to $22.4 million in 2023, then jumped by 37.73% to $30.8 million in 2024, then grew by 4.65% to $32.2 million in 2025.
  • The last three Operating Income figures came in at $32.2 million (Q4 2025), $35.9 million (Q3 2025), and $35.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 1.75 Bn
2 Aon 69.98 Bn 68.59 Bn - 1.72 Bn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - -
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 448.00 Mn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 1.60 Bn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 13.44 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 32.23 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 12.10 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -101.27 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 32.23 Mn
Sep 30, 2025 35.90 Mn
Jun 30, 2025 35.28 Mn
Mar 31, 2025 33.32 Mn
Dec 31, 2024 30.80 Mn
Sep 30, 2024 28.67 Mn
Jun 30, 2024 28.04 Mn
Mar 31, 2024 22.60 Mn
Dec 31, 2023 22.36 Mn
Sep 30, 2023 24.71 Mn
Jun 30, 2023 25.43 Mn
Mar 31, 2023 22.59 Mn
Dec 31, 2022 22.22 Mn
Sep 30, 2022 18.55 Mn
Jun 30, 2022 21.20 Mn
Mar 31, 2022 26.26 Mn
Dec 31, 2021 17.68 Mn
Sep 30, 2021 20.00 Mn
Jun 30, 2021 20.57 Mn
Mar 31, 2021 19.35 Mn