CorVel Historical Income Statement

CRVL Stock  USD 115.15  0.56  0.48%   
Historical analysis of CorVel Corp income statement accounts such as Interest Expense of 30.3 M, Selling General Administrative of 92.5 M or Total Revenue of 960.3 M can show how well CorVel Corp performed in making a profits. Evaluating CorVel Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CorVel Corp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining CorVel Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CorVel Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.

About CorVel Income Statement Analysis

CorVel Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CorVel Corp shareholders. The income statement also shows CorVel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CorVel Corp Income Statement Chart

At this time, CorVel Corp's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 114.8 M this year, although the value of Selling And Marketing Expenses will most likely fall to about 19.4 M.

Total Revenue

Total revenue comprises all receipts CorVel Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CorVel Corp minus its cost of goods sold. It is profit before CorVel Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CorVel Corp. It is also known as CorVel Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from CorVel Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CorVel Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.At this time, CorVel Corp's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 114.8 M this year, although the value of Selling And Marketing Expenses will most likely fall to about 19.4 M.
 2022 2023 2024 2025 (projected)
Gross Profit158.3M171.7M197.4M207.3M
Total Revenue718.6M795.3M914.6M960.3M

CorVel Corp income statement Correlations

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0.680.680.740.770.730.690.810.80.730.680.810.840.850.370.340.440.9-0.82
0.170.230.320.350.30.520.420.370.310.230.420.160.380.430.050.440.58-0.08
0.680.70.780.80.770.810.840.820.780.70.840.770.870.30.220.90.58-0.71
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CorVel Corp Account Relationship Matchups

CorVel Corp income statement Accounts

202020212022202320242025 (projected)
Depreciation And Amortization23.4M23.9M25.1M26.3M30.2M31.7M
Interest Expense22.5M23.4M23.9M25.1M28.9M30.3M
Selling General Administrative64.4M67.6M73.7M76.6M88.1M92.5M
Total Revenue552.6M646.2M718.6M795.3M914.6M960.3M
Gross Profit123.6M152.1M158.3M171.7M197.4M207.3M
Other Operating Expenses493.5M561.7M634.0M700.2M805.2M845.5M
Operating Income35.7M60.6M59.4M95.1M109.4M114.8M
Ebit59.2M84.5M84.6M95.1M109.4M114.8M
Ebitda82.6M108.4M109.7M121.4M139.6M146.5M
Cost Of Revenue429.0M494.1M560.3M623.6M717.2M753.0M
Total Operating Expenses64.4M67.6M73.7M76.6M88.1M92.5M
Income Before Tax59.2M84.5M84.6M95.1M109.4M114.8M
Net Income46.4M66.4M66.4M76.3M87.7M92.1M
Income Tax Expense12.8M18.1M18.2M18.8M21.7M12.1M
Net Income Applicable To Common Shares47.4M46.4M66.4M66.4M76.3M80.1M
Net Income From Continuing Ops46.4M66.4M66.4M76.3M87.7M47.3M
Tax Provision12.8M18.1M18.2M18.8M21.7M17.7M
Reconciled Depreciation23.4M23.9M25.1M26.3M30.2M26.1M

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When determining whether CorVel Corp is a strong investment it is important to analyze CorVel Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CorVel Corp's future performance. For an informed investment choice regarding CorVel Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CorVel Corp. If investors know CorVel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CorVel Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.174
Earnings Share
1.57
Revenue Per Share
49.398
Quarterly Revenue Growth
0.148
Return On Assets
0.1334
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.