CorVel Corp (CRVL)
Gross profit margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 209,728 | 171,693 | 158,259 | 152,114 | 123,624 |
| Revenue | US$ in thousands | 895,589 | 795,311 | 718,562 | 646,230 | 552,644 |
| Gross profit margin | 23.42% | 21.59% | 22.02% | 23.54% | 22.37% |
March 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $209,728K ÷ $895,589K
= 23.42%
Based on the data provided, CorVel Corp's gross profit margin has shown some fluctuations over the past five years.
- As of March 31, 2021, the gross profit margin was 22.37%, indicating that for every dollar of revenue generated, 22.37 cents were available to cover operating expenses and contribute to net income.
- By March 31, 2022, the gross profit margin improved to 23.54%, suggesting that the company was able to effectively manage its cost of goods sold and maintain a healthier margin.
- However, by March 31, 2023, the gross profit margin decreased to 22.02%, potentially indicating challenges in controlling production or procurement costs.
- The trend continued with a further decline in the gross profit margin to 21.59% by March 31, 2024, which might have been a result of various factors impacting the company's profitability.
- More recently, as of March 31, 2025, the gross profit margin recovered to 23.42%, showing a rebound in profitability.
Overall, while there have been fluctuations in CorVel Corp's gross profit margin over the past five years, the company's ability to maintain margins above 20% demonstrates a sustainable level of profitability in the long term. Further analysis would be needed to understand the specific reasons behind the fluctuations and assess the company's overall financial health.