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Corvel Corporation  (CRVL)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Corvel's

Competitiveness


 

CRVL Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Corvel reported Revenue increase in the 3 quarter 2023 by 10.05 % year on year.
The sales growth was above Corvel's competitors' average revenue growth of 8.72 %, achieved in the same quarter.

List of CRVL Competitors

With a net margin of 10.19 % Corvel achieved higher profitability than its competitors.

More on CRVL Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Corvel CorporationNet Income in the 3 quarter 2023 grew year on year by 35.77%, faster than the Corvel's competitors average income growth of 26.94 %

<<  CRVL Stock Performance Comparisons


Corvel's Comment on Competitors and Industry Peers


The healthcare cost containment industry is competitive and is subject to economic pressures for cost savings and legislative reforms. CorVel’s primary competitors in the workers’ compensation market include third party administrators, managed care companies, large insurance carriers and numerous independent companies. Many of the Company’s competitors are significantly larger and have greater financial and marketing resources than the Company. Moreover, the Company’s customers may establish the in-house capability of performing services offered by the Company. If the Company is unable to compete effectively, it will be difficult to add and retain customers, and the Company’s business, financial condition and results of operations will be materially and adversely affected.


The past few years have seen acceleration in the technology world, and advancements seem to be progressing at a pace that few, if any, have ever witnessed. The proliferation of smart phones and tablet computers allows the Company’s clients to stay connected at any time, from anywhere. This capability provides immediate access and begins to present business opportunities that were previously predicated on a less connected environment. The Company continues to leverage the new wave of technology in order to connect all of the parties involved in the workers’ compensation process in ways that were unimaginable in the past. As with general health, the workers compensation line continues to migrate to being a medical management business, with policymakers, employers, and carriers struggling to manage and control the costs of medical care (Source “National Council on Compensation Insurance”). The Company will continue to focus the execution of its strategy to provide industry leading claims management and cost containment solutions to the market.


We are required to be licensed or receive regulatory approval in nearly every state and foreign jurisdiction in which we do business. In addition, most jurisdictions require individuals who engage in claim adjusting and certain other insurance service activities to be personally licensed. These licensing laws and regulations vary from jurisdiction to jurisdiction. In most jurisdictions, licensing laws and regulations generally grant broad discretion to supervisory authorities to adopt and amend regulations and to supervise regulated activities.





  

Overall company Market Share Q3 2023

Company's competitiveness improved within Overall company, with revenue growth of 10.05 % and its market share increased to approx. 0.86 %.
<<  More on CRVL Market Share.
 
*Market share is calculated based on total revenue.





Who are Corvel Corporation's Competitors?




Marsh and Mclennan Companies Inc
Share Performance



+8.80%
This Year



Marsh and Mclennan Companies Inc
Profile

Marsh & McLennan Companies Inc is a global professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. Their business model focuses on offering a wide range of services, such as insurance broking, risk management, consulting, and employee benefits, to assist clients in managing risks and improving their overall performance. They leverage their expertise and relationships with various insurers and other providers to deliver customized solutions tailored to each client's needs.

More about Marsh and Mclennan Companies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 103,202.709 mill. $ 22,814.000 mill. $ 3,802.000 mill.


Aon Plc
Share Performance



+1.72%
30 Days



Aon Plc
Profile

Aon Plc operates as a professional services firm that provides a range of risk, retirement, and health solutions to clients. It offers innovative and tailored solutions to help businesses manage their risks and maximize their opportunities.

More about Aon Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 65,540.841 mill. $ 13,407.000 mill. $ 2,628.000 mill.


Robert Half Inc
Share Performance



-8.90%
This Year



Robert Half Inc
Profile

Robert Half International Inc is a global staffing and consulting firm that provides companies with professional staffing services, including temporary, full-time, and project-based staffing solutions in various industries.

More about Robert Half Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,312.991 mill. $ 6,392.004 mill. $ 411.146 mill.


Automatic Data Processing Inc
Share Performance



-4.05%
30 Days



Automatic Data Processing Inc
Profile

Automatic Data Processing Inc's business model revolves around providing human capital management solutions to businesses of all sizes. They offer a wide range of services, including payroll processing, HR solutions, talent management, benefits administration, time and attendance, and tax compliance. ADP focuses on leveraging technology and data analytics to streamline and automate these processes, helping businesses optimize their workforce and reduce administrative burden.

More about Automatic Data Processing Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 99,763.125 mill. $ 18,586.000 mill. $ 3,557.700 mill.


Equifax inc
Share Performance



+8.76%
This Quarter



Equifax inc
Profile

Equifax Inc operates as a credit reporting agency, offering products and services that enable financial institutions and businesses to assess the creditworthiness of individuals and companies. They collect and analyze vast amounts of consumer and business data to generate credit reports, scores, and other financial information, which they sell to banks, lenders, and other businesses for risk assessment and decision-making purposes. Equifax also provides identity verification and fraud detection solutions to prevent identity theft and cybercrime.

More about Equifax inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 31,611.289 mill. $ 5,265.200 mill. $ 551.700 mill.


Crawford and Co
Share Performance



0.00%
Over The Past 5 Days



Crawford and Co
Profile

Crawford and Co's business model revolves around providing claims management solutions and risk management services to insurance companies, self-insured entities, and other clients. They offer a comprehensive range of services, including adjusting claims, managing property and casualty losses, handling environmental and construction claims, and providing catastrophe response. They aim to streamline the claims process, reduce costs, and improve efficiency for their clients.

More about Crawford and Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 384.846 mill. $ 1,338.218 mill. $ -9.388 mill.


H and r Block Inc
Share Performance



+31.60%
One Year



H and r Block Inc
Profile

H&R Block Inc operates on a business model where they offer tax preparation services and products to individuals and small businesses. They generate revenue by charging fees for assisting customers in completing their tax returns accurately and according to relevant regulations. Additionally, they offer financial products such as refund anticipation loans and tax refund-related insurance services to further monetize their customer base.

More about H and r Block Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,659.972 mill. $ 3,488.678 mill. $ 592.463 mill.


Intuit Inc
Share Performance



+4.41%
This Year



Intuit Inc
Profile

Intuit Inc is a software company that primarily generates revenue by selling licenses and subscriptions for its various financial management and tax preparation software products. Additionally, they offer online services, such as QuickBooks Online, with a subscription-based model to provide small businesses with accounting and financial management solutions.

More about Intuit Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 179,030.760 mill. $ 15,094.000 mill. $ 2,770.000 mill.


Paychex Inc
Share Performance



-4.76%
This Quarter



Paychex Inc
Profile

Paychex Inc is a company that provides payroll and human resources services to businesses of all sizes.

More about Paychex Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 43,647.534 mill. $ 5,154.500 mill. $ 1,629.700 mill.


Amerisafe Inc
Share Performance



-0.32%
One Year



Amerisafe Inc
Profile

Amerisafe Inc is a specialized insurance provider primarily focused on workers' compensation coverage for high-hazard industries. They prioritize risk management strategies to reduce workplace injuries and help employers maintain a safe working environment. The company operates on a direct-to-policyholder model, offering its insurance products and services directly to businesses through a dedicated team of underwriters and claims specialists.

More about Amerisafe Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 971.368 mill. $ 306.498 mill. $ 63.705 mill.


Employers Holdings Inc
Share Performance



+13.05%
This Quarter



Employers Holdings Inc
Profile

Employers Holdings Inc is a company that offers workers' compensation insurance solutions to businesses.

More about Employers Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,177.284 mill. $ 850.900 mill. $ 118.100 mill.


Asure Software Inc
Share Performance



+8.02%
This Quarter



Asure Software Inc
Profile

Asure Software Inc's business model focuses on providing software solutions and services to help organizations manage their workforce, workspace, and workplace.

More about Asure Software Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 180.331 mill. $ 118.537 mill. $ -9.214 mill.


Benefitfocus Inc
Share Performance



+0.19%
Over The Past 5 Days



Benefitfocus Inc
Profile

Benefitfocus Inc is a technology company that provides cloud-based software solutions for managing employee benefits and insurance.

More about Benefitfocus Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 359.934 mill. $ 249.106 mill. $ -18.422 mill.


Paycom Software Inc
Share Performance



-7.28%
This Year



Paycom Software Inc
Profile

Paycom Software Inc's business model revolves around providing cloud-based human capital management (HCM) software solutions to businesses. These solutions encompass various aspects of HR management, including payroll processing, talent acquisition, talent management, time and attendance tracking, and employee self-service. Paycom's software is designed to streamline and automate HR processes, fostering efficiency and accuracy for its clients.

More about Paycom Software Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,996.150 mill. $ 1,629.687 mill. $ 338.982 mill.


Paylocity Holding Corporation
Share Performance



-3.15%
30 Days



Paylocity Holding Corporation
Profile

Paylocity Holding Corporation operates as a cloud-based payroll and human capital management software company. They provide a comprehensive suite of solutions to streamline and automate payroll processing, HR administration, and talent management for businesses of all sizes. Their business model focuses on offering subscription-based software services and related support to clients, ensuring efficient and accurate management of their workforce processes.

More about Paylocity Holding Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,470.906 mill. $ 1,292.257 mill. $ 167.503 mill.


Avantax Inc
Share Performance



0.00%
One Year



Avantax Inc
Profile

Avantax Inc's business model revolves around providing financial services and solutions to individuals and businesses. They offer comprehensive financial planning, investment management, tax planning and preparation, and various other financial services.

More about Avantax Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 959.577 mill. $ 309.635 mill. $ 380.748 mill.


Bill Holdings Inc
Share Performance



-8.44%
This Quarter



Bill Holdings Inc
Profile

is a leading provider of cloud-based software that simplifies, digitizes, and automates financial operations for small and mid-size businesses

More about Bill Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,847.340 mill. $ 1,190.638 mill. $ -115.291 mill.


Ceridian Hcm Holding Inc
Share Performance



-8.24%
One Year



Ceridian Hcm Holding Inc
Profile

is a global human capital management software company

More about Ceridian Hcm Holding Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,823.827 mill. $ 1,450.100 mill. $ 4.000 mill.


Paycor Hcm Inc
Share Performance



-3.50%
30 Days



Paycor Hcm Inc
Profile

is a leading Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses

More about Paycor Hcm Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,427.051 mill. $ 604.654 mill. $ -83.545 mill.



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