CorVel Corp. — Earnings Quality Grade A
CRVL · Financial Services
Strong financial health
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 23 days, change -2 days YoY
AR growth 5.4% vs revenue growth 12.6%
Revenue 12.6%, CFFO 28.3%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 22.3% vs revenue 12.6%. Normal
SG&A/Gross Profit = 42.4%. Normal
Gross margin 23.4%, change +1.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.34. Profits backed by cash
FCF $0.1B, FCF/NI = 0.96
Accruals ratio = -5.9%. Low accruals
Cash $0.2B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 12% of equity. Manageable
Debt/EBITDA = 0.2x. Healthy
Other assets -65.6% vs revenue 12.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.77 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
CorVel Corp. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25