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Side-by-side financial comparison of CORVEL CORP (CRVL) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $235.6M, roughly 1.2× CORVEL CORP). CORVEL CORP runs the higher net margin — 10.3% vs 5.6%, a 4.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 3.4%). CORVEL CORP produced more free cash flow last quarter ($35.2M vs $-157.1M). Over the past eight quarters, CORVEL CORP's revenue compounded faster (6.6% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
CRVL vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $235.6M | $273.0M |
| Net Profit | $24.2M | $15.4M |
| Gross Margin | 23.3% | 20.1% |
| Operating Margin | 13.7% | 7.6% |
| Net Margin | 10.3% | 5.6% |
| Revenue YoY | 3.4% | 9.0% |
| Net Profit YoY | 1.7% | -6.7% |
| EPS (diluted) | $0.47 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $239.6M | $670.5M | ||
| Q2 25 | $234.7M | $390.5M | ||
| Q1 25 | $231.5M | $351.0M | ||
| Q4 24 | $228.0M | $250.4M | ||
| Q3 24 | $224.4M | $551.3M | ||
| Q2 24 | $211.7M | $318.4M | ||
| Q1 24 | $207.2M | $333.8M |
| Q4 25 | $24.2M | $15.4M | ||
| Q3 25 | $27.9M | $86.9M | ||
| Q2 25 | $27.2M | $32.9M | ||
| Q1 25 | $26.4M | $31.6M | ||
| Q4 24 | $23.8M | $16.5M | ||
| Q3 24 | $23.4M | $81.5M | ||
| Q2 24 | $21.6M | $38.7M | ||
| Q1 24 | $19.5M | $45.0M |
| Q4 25 | 23.3% | 20.1% | ||
| Q3 25 | 24.3% | 22.3% | ||
| Q2 25 | 24.2% | 20.4% | ||
| Q1 25 | 25.0% | 22.6% | ||
| Q4 24 | 23.2% | 22.0% | ||
| Q3 24 | 22.6% | 23.9% | ||
| Q2 24 | 22.7% | 22.5% | ||
| Q1 24 | 20.9% | 24.9% |
| Q4 25 | 13.7% | 7.6% | ||
| Q3 25 | 15.0% | 16.9% | ||
| Q2 25 | 15.0% | 11.2% | ||
| Q1 25 | 14.4% | 11.6% | ||
| Q4 24 | 13.5% | 8.7% | ||
| Q3 24 | 12.8% | 19.7% | ||
| Q2 24 | 13.2% | 16.2% | ||
| Q1 24 | 10.9% | 17.6% |
| Q4 25 | 10.3% | 5.6% | ||
| Q3 25 | 11.6% | 13.0% | ||
| Q2 25 | 11.6% | 8.4% | ||
| Q1 25 | 11.4% | 9.0% | ||
| Q4 24 | 10.4% | 6.6% | ||
| Q3 24 | 10.4% | 14.8% | ||
| Q2 24 | 10.2% | 12.2% | ||
| Q1 24 | 9.4% | 13.5% |
| Q4 25 | $0.47 | $0.30 | ||
| Q3 25 | $0.54 | $1.70 | ||
| Q2 25 | $0.52 | $0.65 | ||
| Q1 25 | $-1.23 | $0.62 | ||
| Q4 24 | $0.46 | $0.32 | ||
| Q3 24 | $1.35 | $1.59 | ||
| Q2 24 | $1.25 | $0.76 | ||
| Q1 24 | $1.12 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $375.7M | $1.8B |
| Total Assets | $644.8M | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.0M | $211.7M | ||
| Q3 25 | $207.5M | $379.2M | ||
| Q2 25 | $202.0M | $189.2M | ||
| Q1 25 | $170.6M | $174.3M | ||
| Q4 24 | $162.9M | $132.0M | ||
| Q3 24 | $138.3M | $481.2M | ||
| Q2 24 | $131.9M | $359.2M | ||
| Q1 24 | $105.6M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $375.7M | $1.8B | ||
| Q3 25 | $362.8M | $1.8B | ||
| Q2 25 | $342.5M | $1.7B | ||
| Q1 25 | $322.0M | $1.6B | ||
| Q4 24 | $300.9M | $1.6B | ||
| Q3 24 | $282.8M | $1.6B | ||
| Q2 24 | $263.9M | $1.5B | ||
| Q1 24 | $247.6M | $1.5B |
| Q4 25 | $644.8M | $3.2B | ||
| Q3 25 | $611.7M | $3.1B | ||
| Q2 25 | $597.4M | $3.1B | ||
| Q1 25 | $546.0M | $3.0B | ||
| Q4 24 | $538.8M | $3.0B | ||
| Q3 24 | $518.6M | $2.8B | ||
| Q2 24 | $486.2M | $2.7B | ||
| Q1 24 | $454.7M | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $35.2M | $-157.1M |
| FCF MarginFCF / Revenue | 14.9% | -57.5% |
| Capex IntensityCapex / Revenue | 4.7% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.91× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $104.3M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.1M | $-157.0M | ||
| Q3 25 | $25.0M | $256.3M | ||
| Q2 25 | $55.0M | $15.8M | ||
| Q1 25 | $22.9M | $-19.8M | ||
| Q4 24 | $41.6M | $-450.0M | ||
| Q3 24 | $22.3M | $119.2M | ||
| Q2 24 | $40.4M | $-61.7M | ||
| Q1 24 | $15.2M | $-59.2M |
| Q4 25 | $35.2M | $-157.1M | ||
| Q3 25 | $15.3M | $255.6M | ||
| Q2 25 | $39.5M | $15.0M | ||
| Q1 25 | $14.3M | $-20.5M | ||
| Q4 24 | $32.1M | — | ||
| Q3 24 | $12.4M | $118.4M | ||
| Q2 24 | $32.8M | $-62.3M | ||
| Q1 24 | $5.2M | $-59.8M |
| Q4 25 | 14.9% | -57.5% | ||
| Q3 25 | 6.4% | 38.1% | ||
| Q2 25 | 16.8% | 3.8% | ||
| Q1 25 | 6.2% | -5.8% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 5.5% | 21.5% | ||
| Q2 24 | 15.5% | -19.6% | ||
| Q1 24 | 2.5% | -17.9% |
| Q4 25 | 4.7% | 0.0% | ||
| Q3 25 | 4.1% | 0.1% | ||
| Q2 25 | 6.6% | 0.2% | ||
| Q1 25 | 3.7% | 0.2% | ||
| Q4 24 | 4.2% | 0.0% | ||
| Q3 24 | 4.4% | 0.1% | ||
| Q2 24 | 3.6% | 0.2% | ||
| Q1 24 | 4.8% | 0.2% |
| Q4 25 | 1.91× | -10.19× | ||
| Q3 25 | 0.90× | 2.95× | ||
| Q2 25 | 2.02× | 0.48× | ||
| Q1 25 | 0.87× | -0.63× | ||
| Q4 24 | 1.75× | -27.27× | ||
| Q3 24 | 0.95× | 1.46× | ||
| Q2 24 | 1.87× | -1.59× | ||
| Q1 24 | 0.78× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
