CorVel Corp (CRVL)
Operating profit margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 120,824 | 95,101 | 84,554 | 84,512 | 35,739 |
| Revenue | US$ in thousands | 895,589 | 795,311 | 718,562 | 646,230 | 552,644 |
| Operating profit margin | 13.49% | 11.96% | 11.77% | 13.08% | 6.47% |
March 31, 2025 calculation
Operating profit margin = Operating income ÷ Revenue
= $120,824K ÷ $895,589K
= 13.49%
CorVel Corp's operating profit margin has demonstrated a positive trend over the past five years. Starting at 6.47% on March 31, 2021, the margin increased to 13.08% by March 31, 2022, reflecting a significant improvement in profitability. Although there was a slight dip to 11.77% in the following year, the margin rebounded to 11.96% by March 31, 2024. The most recent data point shows a further increase to 13.49% as of March 31, 2025.
This upward trajectory indicates that CorVel Corp has been effectively managing its operating expenses relative to its sales, resulting in improved profitability. It suggests that the company is generating a higher percentage of profits from its core operations, which could be attributed to factors such as cost controls, operational efficiencies, or potentially pricing strategies.
Overall, the consistent improvement in operating profit margin reflects positively on CorVel Corp's financial performance and indicates its ability to generate profits from its primary business activities.