CorVel Corp (CRVL)
Profitability ratios
Return on sales
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 23.42% | 21.63% | 20.23% | 20.15% | 19.90% | 21.14% | 22.44% | 21.88% | 22.02% | 22.62% | 22.36% | 23.10% | 23.54% | 23.34% | 23.52% | 23.33% | 22.37% | 21.40% | 20.86% | 20.87% |
| Operating profit margin | 13.49% | 12.64% | 12.02% | 11.96% | 11.96% | 12.29% | 11.82% | 10.41% | 9.14% | 8.99% | 9.43% | 10.87% | 12.15% | 12.51% | 12.37% | 11.95% | 10.71% | 9.86% | 9.44% | 9.49% |
| Pretax margin | 13.49% | 12.64% | 12.02% | 11.96% | 11.96% | 12.29% | 12.65% | 12.12% | 11.77% | 12.52% | 12.14% | 12.71% | 13.08% | 12.51% | 12.37% | 11.95% | 10.71% | 9.86% | 9.44% | 9.49% |
| Net profit margin | 10.63% | 10.12% | 9.64% | 9.55% | 9.59% | 9.69% | 9.95% | 9.49% | 9.24% | 9.63% | 9.40% | 9.89% | 10.28% | 9.93% | 9.89% | 9.54% | 8.39% | 7.81% | 7.36% | 7.39% |
CorVel Corp's profitability ratios have shown some fluctuations over the period under review. The gross profit margin has generally been improving, reaching a peak of 23.54% on March 31, 2022, before slightly declining to 21.88% on June 30, 2023, and recovering to 22.44% on September 30, 2023. However, there was a significant drop to 19.90% on March 31, 2024, before it rebounded to 23.42% on March 31, 2025.
The operating profit margin has also exhibited variability, with a gradual increase from 9.49% on June 30, 2020, to a peak of 13.49% on March 31, 2025. Notable fluctuations were seen in the periods ending June 30, 2022, to December 31, 2023, where the margin hovered between 8.99% and 12.29%.
The pretax margin has generally followed a similar trend to the operating profit margin, showing an increase over the years, with a notable dip on June 30, 2023. The margin reached its highest point on March 31, 2025, at 13.49%.
Net profit margin, reflecting bottom-line profitability, has shown a consistent upward trend, rising from 7.39% on June 30, 2020, to 10.63% on March 31, 2025. There were some oscillations in the margins throughout the periods ending March 31, 2023, but an overall improvement was observed.
In conclusion, while there have been fluctuations in CorVel Corp's profitability ratios over the years, there is a general positive trend in net profit margin, indicating the company's ability to generate higher net income relative to revenue. Maintaining and enhancing operating efficiencies could help sustain and improve profitability in the future.
Return on investment
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 35.33% | 20.44% | 19.61% | 20.10% | 20.92% | 21.37% | 20.44% | 18.26% | 16.68% | 15.54% | 16.26% | 17.52% | 18.90% | 18.32% | 17.39% | 16.29% | 13.93% | 11.94% | 11.99% | 12.77% |
| Return on assets (ROA) | 27.83% | 16.37% | 15.72% | 16.05% | 16.77% | 16.85% | 17.21% | 16.64% | 16.85% | 16.64% | 16.22% | 15.94% | 15.99% | 14.53% | 13.91% | 12.99% | 10.91% | 9.46% | 9.35% | 9.95% |
| Return on total capital | 27.18% | 36.60% | 35.95% | 37.03% | 38.40% | 40.72% | 42.66% | 42.89% | 41.82% | 45.29% | 42.30% | 41.41% | 39.79% | 36.11% | 33.01% | 29.98% | 26.85% | 26.04% | 26.62% | 23.42% |
| Return on equity (ROE) | 29.56% | 29.32% | 28.83% | 29.57% | 30.79% | 32.10% | 33.57% | 33.57% | 32.83% | 34.82% | 32.78% | 32.22% | 31.27% | 28.65% | 26.41% | 23.92% | 21.03% | 20.63% | 20.39% | 21.34% |
CorVel Corp's profitability ratios reflect a generally positive trend over the reporting periods. The Operating return on assets (Operating ROA) has shown consistent improvement from 12.77% on June 30, 2020, to a peak of 35.33% on March 31, 2025. This indicates that the company is generating substantial operating income relative to its assets.
Similarly, the Return on assets (ROA) has also demonstrated a positive trajectory, increasing from 9.95% on June 30, 2020, to 27.83% on March 31, 2025. This suggests that CorVel Corp is effectively utilizing its assets to generate profits.
The Return on total capital has shown fluctuations but overall upward movement, reaching 45.29% on December 31, 2022, before experiencing some decline. This metric highlights the company's ability to generate returns on the total capital employed in its operations.
Lastly, the Return on equity (ROE) has also displayed a growth pattern, indicating an increase in shareholder value creation. The ROE climbed from 21.34% on June 30, 2020, to 29.56% on March 31, 2025, showing that CorVel Corp is rewarding its shareholders with higher returns on their equity investment.
Overall, the profitability ratios of CorVel Corp portray a positive performance, with steady improvements in generating returns for both the company and its shareholders over the reporting periods.