CorVel Corp (CRVL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 95,101 | 95,097 | 94,952 | 88,783 | 84,553 | 88,219 | 83,684 | 85,142 | 84,512 | 77,606 | 73,880 | 68,820 | 59,176 | 54,648 | 52,945 | 54,252 | 60,710 | 62,035 | 63,333 | 63,479 |
| 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 |
| Pretax margin | 11.96% | 12.30% | 12.65% | 12.12% | 11.77% | 12.52% | 12.14% | 12.71% | 13.08% | 12.51% | 12.37% | 11.96% | 10.72% | 9.87% | 9.45% | 9.50% | 10.25% | 10.40% | 10.66% | 10.66% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $95,101K ÷ $795,233K
= 11.96%
The pretax margin of CorVel Corp has shown some variability over the past few quarters. The company's pretax margin, which represents the proportion of pre-tax income generated for every dollar of revenue, ranged between 9.45% to 13.08% during the periods under review.
The pretax margin was highest at 13.08% in the first quarter of 2022 and lowest at 9.45% in the third quarter of 2020. Overall, the trend indicates that the company has generally maintained a healthy pretax margin, with some fluctuations that could be influenced by factors such as changes in costs, revenues, or efficiency in operations.
It is important for investors and stakeholders to closely monitor the company's pretax margin to assess its profitability and operational efficiency. Additionally, analyzing the drivers behind the fluctuations in the pretax margin can provide valuable insights into the company's financial performance and sustainability.