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Side-by-side financial comparison of CORVEL CORP (CRVL) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
CORVEL CORP is the larger business by last-quarter revenue ($235.6M vs $172.5M, roughly 1.4× Donnelley Financial Solutions, Inc.). CORVEL CORP runs the higher net margin — 10.3% vs 3.6%, a 6.7% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 3.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $35.2M). Over the past eight quarters, CORVEL CORP's revenue compounded faster (6.6% CAGR vs -7.9%).
Corvel Corp is a U.S.-headquartered provider of integrated workers’ compensation, healthcare management, and risk mitigation solutions. It serves insurance carriers, self-insured employers, and public sector clients, delivering services to control healthcare costs, improve care outcomes, and optimize administrative operations.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
CRVL vs DFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.6M | $172.5M |
| Net Profit | $24.2M | $6.2M |
| Gross Margin | 23.3% | — |
| Operating Margin | 13.7% | 8.3% |
| Net Margin | 10.3% | 3.6% |
| Revenue YoY | 3.4% | 10.4% |
| Net Profit YoY | 1.7% | -1.6% |
| EPS (diluted) | $0.47 | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $235.6M | $172.5M | ||
| Q3 25 | $239.6M | $175.3M | ||
| Q2 25 | $234.7M | $218.1M | ||
| Q1 25 | $231.5M | $201.1M | ||
| Q4 24 | $228.0M | $156.3M | ||
| Q3 24 | $224.4M | $179.5M | ||
| Q2 24 | $211.7M | $242.7M | ||
| Q1 24 | $207.2M | $203.4M |
| Q4 25 | $24.2M | $6.2M | ||
| Q3 25 | $27.9M | $-40.9M | ||
| Q2 25 | $27.2M | $36.1M | ||
| Q1 25 | $26.4M | $31.0M | ||
| Q4 24 | $23.8M | $6.3M | ||
| Q3 24 | $23.4M | $8.7M | ||
| Q2 24 | $21.6M | $44.1M | ||
| Q1 24 | $19.5M | $33.3M |
| Q4 25 | 23.3% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.0% | — | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 22.7% | — | ||
| Q1 24 | 20.9% | — |
| Q4 25 | 13.7% | 8.3% | ||
| Q3 25 | 15.0% | 16.1% | ||
| Q2 25 | 15.0% | 24.2% | ||
| Q1 25 | 14.4% | 22.8% | ||
| Q4 24 | 13.5% | 6.0% | ||
| Q3 24 | 12.8% | 10.1% | ||
| Q2 24 | 13.2% | 26.6% | ||
| Q1 24 | 10.9% | 21.9% |
| Q4 25 | 10.3% | 3.6% | ||
| Q3 25 | 11.6% | -23.3% | ||
| Q2 25 | 11.6% | 16.6% | ||
| Q1 25 | 11.4% | 15.4% | ||
| Q4 24 | 10.4% | 4.0% | ||
| Q3 24 | 10.4% | 4.8% | ||
| Q2 24 | 10.2% | 18.2% | ||
| Q1 24 | 9.4% | 16.4% |
| Q4 25 | $0.47 | $0.31 | ||
| Q3 25 | $0.54 | $-1.49 | ||
| Q2 25 | $0.52 | $1.28 | ||
| Q1 25 | $-1.23 | $1.05 | ||
| Q4 24 | $0.46 | $0.21 | ||
| Q3 24 | $1.35 | $0.29 | ||
| Q2 24 | $1.25 | $1.47 | ||
| Q1 24 | $1.12 | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $230.0M | $24.5M |
| Total DebtLower is stronger | — | $171.3M |
| Stockholders' EquityBook value | $375.7M | $379.2M |
| Total Assets | $644.8M | $800.4M |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.0M | $24.5M | ||
| Q3 25 | $207.5M | $22.7M | ||
| Q2 25 | $202.0M | $33.8M | ||
| Q1 25 | $170.6M | $16.2M | ||
| Q4 24 | $162.9M | $57.3M | ||
| Q3 24 | $138.3M | $33.6M | ||
| Q2 24 | $131.9M | $35.0M | ||
| Q1 24 | $105.6M | $43.7M |
| Q4 25 | — | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $375.7M | $379.2M | ||
| Q3 25 | $362.8M | $423.1M | ||
| Q2 25 | $342.5M | $432.1M | ||
| Q1 25 | $322.0M | $419.9M | ||
| Q4 24 | $300.9M | $436.1M | ||
| Q3 24 | $282.8M | $444.5M | ||
| Q2 24 | $263.9M | $441.5M | ||
| Q1 24 | $247.6M | $408.9M |
| Q4 25 | $644.8M | $800.4M | ||
| Q3 25 | $611.7M | $816.3M | ||
| Q2 25 | $597.4M | $874.7M | ||
| Q1 25 | $546.0M | $852.8M | ||
| Q4 24 | $538.8M | $841.6M | ||
| Q3 24 | $518.6M | $843.6M | ||
| Q2 24 | $486.2M | $882.9M | ||
| Q1 24 | $454.7M | $867.8M |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.1M | $59.8M |
| Free Cash FlowOCF − Capex | $35.2M | $47.9M |
| FCF MarginFCF / Revenue | 14.9% | 27.8% |
| Capex IntensityCapex / Revenue | 4.7% | 6.9% |
| Cash ConversionOCF / Net Profit | 1.91× | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | $104.3M | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.1M | $59.8M | ||
| Q3 25 | $25.0M | $74.4M | ||
| Q2 25 | $55.0M | $68.4M | ||
| Q1 25 | $22.9M | $-37.7M | ||
| Q4 24 | $41.6M | $56.4M | ||
| Q3 24 | $22.3M | $86.4M | ||
| Q2 24 | $40.4M | $56.2M | ||
| Q1 24 | $15.2M | $-27.9M |
| Q4 25 | $35.2M | $47.9M | ||
| Q3 25 | $15.3M | $59.2M | ||
| Q2 25 | $39.5M | $51.7M | ||
| Q1 25 | $14.3M | $-51.0M | ||
| Q4 24 | $32.1M | $41.3M | ||
| Q3 24 | $12.4M | $67.3M | ||
| Q2 24 | $32.8M | $36.8M | ||
| Q1 24 | $5.2M | $-40.2M |
| Q4 25 | 14.9% | 27.8% | ||
| Q3 25 | 6.4% | 33.8% | ||
| Q2 25 | 16.8% | 23.7% | ||
| Q1 25 | 6.2% | -25.4% | ||
| Q4 24 | 14.1% | 26.4% | ||
| Q3 24 | 5.5% | 37.5% | ||
| Q2 24 | 15.5% | 15.2% | ||
| Q1 24 | 2.5% | -19.8% |
| Q4 25 | 4.7% | 6.9% | ||
| Q3 25 | 4.1% | 8.7% | ||
| Q2 25 | 6.6% | 7.7% | ||
| Q1 25 | 3.7% | 6.6% | ||
| Q4 24 | 4.2% | 9.7% | ||
| Q3 24 | 4.4% | 10.6% | ||
| Q2 24 | 3.6% | 8.0% | ||
| Q1 24 | 4.8% | 6.0% |
| Q4 25 | 1.91× | 9.65× | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 2.02× | 1.89× | ||
| Q1 25 | 0.87× | -1.22× | ||
| Q4 24 | 1.75× | 8.95× | ||
| Q3 24 | 0.95× | 9.93× | ||
| Q2 24 | 1.87× | 1.27× | ||
| Q1 24 | 0.78× | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
