CorVel Corp (CRVL)
Net profit margin
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 76,252 | 74,967 | 74,721 | 69,479 | 66,365 | 67,833 | 64,842 | 66,258 | 66,410 | 61,582 | 59,104 | 54,897 | 46,356 | 43,294 | 41,266 | 42,272 | 47,377 | 47,468 | 48,414 | 48,332 |
| Revenue (ttm) | US$ in thousands | 795,233 | 773,443 | 750,524 | 732,427 | 718,490 | 704,406 | 689,527 | 669,842 | 646,167 | 620,318 | 597,314 | 575,598 | 552,099 | 553,613 | 560,225 | 571,193 | 592,201 | 596,261 | 594,251 | 595,457 |
| Net profit margin | 9.59% | 9.69% | 9.96% | 9.49% | 9.24% | 9.63% | 9.40% | 9.89% | 10.28% | 9.93% | 9.89% | 9.54% | 8.40% | 7.82% | 7.37% | 7.40% | 8.00% | 7.96% | 8.15% | 8.12% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $76,252K ÷ $795,233K
= 9.59%
CorVel Corp's net profit margin has demonstrated some variability over the past few quarters. The net profit margin, which indicates the percentage of revenue that remains as profit after all expenses are deducted, was relatively stable around the 9% range in the recent quarters, except for a slight decline to 8.40% in the first quarter of 2021.
The company's net profit margin peaked at 10.28% in the first quarter of 2022, indicating a robust performance in generating profit relative to its revenue. However, there was a subsequent decline in the net profit margin to 7.37% in the third quarter of 2020, before gradually recovering and stabilizing above 9% in the following quarters.
Overall, CorVel Corp has generally maintained healthy net profit margins above 9% in recent quarters, demonstrating efficient cost management and profitability. It is essential for the company to continue monitoring and optimizing its expenses to sustain or improve its profitability levels in the future.