CorVel Corp (CRVL)
Gross profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 209,728 | 188,481 | 171,039 | 164,543 | 158,266 | 163,497 | 168,426 | 160,268 | 158,259 | 159,360 | 154,203 | 154,770 | 152,114 | 144,781 | 140,486 | 134,328 | 123,624 | 118,596 | 116,956 | 119,296 |
| Revenue (ttm) | US$ in thousands | 895,589 | 871,308 | 845,638 | 816,780 | 795,311 | 773,521 | 750,604 | 732,508 | 718,562 | 704,478 | 689,600 | 669,917 | 646,230 | 620,381 | 597,379 | 575,664 | 552,644 | 554,158 | 560,744 | 571,686 |
| Gross profit margin | 23.42% | 21.63% | 20.23% | 20.15% | 19.90% | 21.14% | 22.44% | 21.88% | 22.02% | 22.62% | 22.36% | 23.10% | 23.54% | 23.34% | 23.52% | 23.33% | 22.37% | 21.40% | 20.86% | 20.87% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $209,728K ÷ $895,589K
= 23.42%
CorVel Corp's gross profit margin has displayed some fluctuations over the reporting periods provided. Starting from June 30, 2020, the gross profit margin was 20.87% and remained relatively stable around the low 20% range until March 31, 2021, where it improved to 22.37%. This improvement continued until June 30, 2021, reaching 23.33%, the highest level within the data set.
Following this peak, there was a slight decline in the gross profit margin by September 30, 2021, at 23.52%. The margin then fluctuated in a range between 22-23% until December 31, 2022. However, from March 31, 2023, the gross profit margin started to show a declining trend, reaching 19.90% by March 31, 2024.
Subsequently, there was a slight recovery in the margin by June 30, 2024, at 20.15%, and it continued to increase gradually in the following periods. By March 31, 2025, the gross profit margin had significantly improved to 23.42%.
In summary, CorVel Corp's gross profit margin has experienced fluctuations over the periods analyzed, with peaks and troughs along the way. It is essential for the company to closely monitor these trends and take necessary steps to maintain or improve its gross profit margin in the future.