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Side-by-side financial comparison of CORVEL CORP (CRVL) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
CORVEL CORP is the larger business by last-quarter revenue ($235.6M vs $140.7M, roughly 1.7× Purple Innovation, Inc.). CORVEL CORP runs the higher net margin — 10.3% vs -2.3%, a 12.5% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 3.4%). CORVEL CORP produced more free cash flow last quarter ($35.2M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 6.6%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CRVL vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.6M | $140.7M |
| Net Profit | $24.2M | $-3.2M |
| Gross Margin | 23.3% | 41.9% |
| Operating Margin | 13.7% | -1.6% |
| Net Margin | 10.3% | -2.3% |
| Revenue YoY | 3.4% | 9.1% |
| Net Profit YoY | 1.7% | 62.1% |
| EPS (diluted) | $0.47 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $239.6M | $118.8M | ||
| Q2 25 | $234.7M | $105.1M | ||
| Q1 25 | $231.5M | $104.2M | ||
| Q4 24 | $228.0M | $129.0M | ||
| Q3 24 | $224.4M | $118.6M | ||
| Q2 24 | $211.7M | $120.3M | ||
| Q1 24 | $207.2M | $120.0M |
| Q4 25 | $24.2M | $-3.2M | ||
| Q3 25 | $27.9M | $-11.7M | ||
| Q2 25 | $27.2M | $-17.3M | ||
| Q1 25 | $26.4M | $-19.1M | ||
| Q4 24 | $23.8M | $-8.5M | ||
| Q3 24 | $23.4M | $-39.2M | ||
| Q2 24 | $21.6M | $27.0K | ||
| Q1 24 | $19.5M | $-50.2M |
| Q4 25 | 23.3% | 41.9% | ||
| Q3 25 | 24.3% | 42.8% | ||
| Q2 25 | 24.2% | 35.9% | ||
| Q1 25 | 25.0% | 39.4% | ||
| Q4 24 | 23.2% | 42.9% | ||
| Q3 24 | 22.6% | 29.7% | ||
| Q2 24 | 22.7% | 40.7% | ||
| Q1 24 | 20.9% | 34.8% |
| Q4 25 | 13.7% | -1.6% | ||
| Q3 25 | 15.0% | -10.2% | ||
| Q2 25 | 15.0% | -13.5% | ||
| Q1 25 | 14.4% | -13.9% | ||
| Q4 24 | 13.5% | -6.0% | ||
| Q3 24 | 12.8% | -39.5% | ||
| Q2 24 | 13.2% | -12.1% | ||
| Q1 24 | 10.9% | -19.3% |
| Q4 25 | 10.3% | -2.3% | ||
| Q3 25 | 11.6% | -9.9% | ||
| Q2 25 | 11.6% | -16.5% | ||
| Q1 25 | 11.4% | -18.4% | ||
| Q4 24 | 10.4% | -6.6% | ||
| Q3 24 | 10.4% | -33.1% | ||
| Q2 24 | 10.2% | 0.0% | ||
| Q1 24 | 9.4% | -41.8% |
| Q4 25 | $0.47 | $0.03 | ||
| Q3 25 | $0.54 | $0.11 | ||
| Q2 25 | $0.52 | $0.16 | ||
| Q1 25 | $-1.23 | $0.18 | ||
| Q4 24 | $0.46 | $0.08 | ||
| Q3 24 | $1.35 | $0.36 | ||
| Q2 24 | $1.25 | $0.00 | ||
| Q1 24 | $1.12 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $375.7M | $-29.7M |
| Total Assets | $644.8M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.0M | $24.3M | ||
| Q3 25 | $207.5M | $32.4M | ||
| Q2 25 | $202.0M | $34.2M | ||
| Q1 25 | $170.6M | $21.6M | ||
| Q4 24 | $162.9M | $29.0M | ||
| Q3 24 | $138.3M | $23.4M | ||
| Q2 24 | $131.9M | $23.4M | ||
| Q1 24 | $105.6M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $375.7M | $-29.7M | ||
| Q3 25 | $362.8M | $-26.9M | ||
| Q2 25 | $342.5M | $-15.6M | ||
| Q1 25 | $322.0M | $1.3M | ||
| Q4 24 | $300.9M | $20.2M | ||
| Q3 24 | $282.8M | $28.0M | ||
| Q2 24 | $263.9M | $66.4M | ||
| Q1 24 | $247.6M | $65.5M |
| Q4 25 | $644.8M | $296.3M | ||
| Q3 25 | $611.7M | $302.1M | ||
| Q2 25 | $597.4M | $303.8M | ||
| Q1 25 | $546.0M | $293.8M | ||
| Q4 24 | $538.8M | $307.8M | ||
| Q3 24 | $518.6M | $309.3M | ||
| Q2 24 | $486.2M | $362.1M | ||
| Q1 24 | $454.7M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $35.2M | $-7.8M |
| FCF MarginFCF / Revenue | 14.9% | -5.5% |
| Capex IntensityCapex / Revenue | 4.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.1M | $-5.8M | ||
| Q3 25 | $25.0M | $-968.0K | ||
| Q2 25 | $55.0M | $-4.0M | ||
| Q1 25 | $22.9M | $-23.1M | ||
| Q4 24 | $41.6M | $6.8M | ||
| Q3 24 | $22.3M | $1.1M | ||
| Q2 24 | $40.4M | $-8.9M | ||
| Q1 24 | $15.2M | $-16.8M |
| Q4 25 | $35.2M | $-7.8M | ||
| Q3 25 | $15.3M | $-1.8M | ||
| Q2 25 | $39.5M | $-7.0M | ||
| Q1 25 | $14.3M | $-25.3M | ||
| Q4 24 | $32.1M | $5.7M | ||
| Q3 24 | $12.4M | $101.0K | ||
| Q2 24 | $32.8M | $-11.0M | ||
| Q1 24 | $5.2M | $-19.9M |
| Q4 25 | 14.9% | -5.5% | ||
| Q3 25 | 6.4% | -1.5% | ||
| Q2 25 | 16.8% | -6.6% | ||
| Q1 25 | 6.2% | -24.3% | ||
| Q4 24 | 14.1% | 4.4% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 15.5% | -9.2% | ||
| Q1 24 | 2.5% | -16.5% |
| Q4 25 | 4.7% | 1.4% | ||
| Q3 25 | 4.1% | 0.7% | ||
| Q2 25 | 6.6% | 2.8% | ||
| Q1 25 | 3.7% | 2.2% | ||
| Q4 24 | 4.2% | 0.8% | ||
| Q3 24 | 4.4% | 0.9% | ||
| Q2 24 | 3.6% | 1.7% | ||
| Q1 24 | 4.8% | 2.5% |
| Q4 25 | 1.91× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.87× | -330.22× | ||
| Q1 24 | 0.78× | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
