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.