CorVel Corp (CRVL)
Pretax margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 120,824 | 95,101 | 84,554 | 84,512 | 59,175 |
| Revenue | US$ in thousands | 895,589 | 795,311 | 718,562 | 646,230 | 552,644 |
| Pretax margin | 13.49% | 11.96% | 11.77% | 13.08% | 10.71% |
March 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $120,824K ÷ $895,589K
= 13.49%
The pretax margin of CorVel Corp has exhibited fluctuating trends over the past five years. Starting at 10.71% on March 31, 2021, it increased to 13.08% by March 31, 2022, indicating an improvement in profitability. However, the margin experienced a slight decrease to 11.77% by March 31, 2023, before rebounding to 11.96% by March 31, 2024. Notably, there was a notable increase in the pretax margin to 13.49% by March 31, 2025, suggesting an uptick in the company's ability to generate profits before accounting for taxes. These fluctuations in the pretax margin suggest that CorVel Corp may be managing its expenses and revenues efficiently, with the potential for increased profitability in the future.