CorVel Corp (CRVL)
Net profit margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,165 | 76,252 | 66,365 | 66,410 | 46,356 |
| Revenue | US$ in thousands | 895,589 | 795,311 | 718,562 | 646,230 | 552,644 |
| Net profit margin | 10.63% | 9.59% | 9.24% | 10.28% | 8.39% |
March 31, 2025 calculation
Net profit margin = Net income ÷ Revenue
= $95,165K ÷ $895,589K
= 10.63%
The net profit margin of CorVel Corp has shown a positive trend over the past five years, increasing from 8.39% as of March 31, 2021, to 10.63% as of March 31, 2025. This indicates that the company has been able to improve its profitability relative to its revenue generation. The company's ability to effectively control expenses and generate higher profits from its operations is reflected in this improving trend. However, there was a slight decrease in the net profit margin from 10.28% as of March 31, 2022, to 9.24% as of March 31, 2023, before rebounding to 9.59% as of March 31, 2024. Overall, the upward trajectory of CorVel Corp's net profit margin suggests efficient cost management and operational effectiveness during the period under consideration.