Pulling SEC filings + quote and writing the call…

CORVEL CORP
Next earnings Aug 3, 2026
Last earnings +9.2% on 2026-05-20
Quality compounder: 28% ROE, accelerating EPS growth, fortress balance sheet — full but defensible at 28.8x P/E.
Sources: SEC EDGAR (CIK 0000874866, latest 10-K filed 2026-05-22) · EODHD · analysis by claude-code · as of 6/25/2026, 1:50:11 PM.
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Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
CorVel is a textbook quality compounder hiding inside the workers' comp services niche. FY2026 results show all the right inflections: revenue $959M (+7.0%) translated into net income of $110M (+16.0%) and diluted EPS of $2.14 (+16.9%), confirming operating leverage as gross profit (+11.0%) and net income each outgrew the top line. Net margin expanded to 11.5% from ~10.6%, ROE is a standout 28.0%, and the five-year revenue trajectory ($646M → $959M) shows uninterrupted growth through varied macro conditions.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $646M | $719M | $795M | $896M | $959M |
| Gross profit | $152M | $158M | $172M | $210M | $233M |
| Operating income | — | — | — | — | — |
| Net income | $66.4M | $66.4M | $76.3M | $95.2M | $110M |
| Diluted EPS | $3.66 | $1.26 | $1.47 | $1.83 | $2.14 |
| Net margin | 10.3% | 9.2% | 9.6% | 10.6% | 11.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1049 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 10 sales
| 2026-06-12 | Combs Michael G CEO & President | Sell | 500.00 @ $60.79 | $30.4K |
| 2026-06-12 | Shishin Maxim Chief Information Officer | Exercise | 2.25K @ $52.65 | $118K |
| 2026-06-12 | Shishin Maxim Chief Information Officer | Sell | 2.25K @ $60.59 | $136K |
| 2026-06-11 | JESSUP R JUDD Director | Exercise | 9.00K @ $14.44 | $130K |
| 2026-06-11 | JESSUP R JUDD Director | Tax | 2.15K @ $60.79 | $131K |
| 2026-06-11 | Combs Michael G CEO & President | Sell | 7.00K @ $60.55 | $424K |
| 2026-06-10 | Combs Michael G CEO & President | Sell | 7.00K @ $61.38 | $430K |
| 2026-06-09 | Combs Michael G CEO & President | Sell | 7.00K @ $60.90 | $426K |
| 2026-06-09 | MICHAEL JEFFREY J Director | Exercise | 9.00K @ $14.44 | $130K |
| 2026-06-09 | MICHAEL JEFFREY J Director | Sell | 9.00K @ $60.98 | $549K |
| 2026-06-08 | Combs Michael G CEO & President | Sell | 7.00K @ $60.22 | $422K |
| 2026-05-26 | Yoss Jennifer Vice President of Accounting | Exercise | 958.00 @ $52.00 | $49.8K |