vs

Side-by-side financial comparison of CORVEL CORP (CRVL) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

CORVEL CORP is the larger business by last-quarter revenue ($235.6M vs $212.2M, roughly 1.1× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 10.3%, a 8.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 3.4%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

CRVL vs RAMP — Head-to-Head

Bigger by revenue
CRVL
CRVL
1.1× larger
CRVL
$235.6M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+5.2% gap
RAMP
8.6%
3.4%
CRVL
Higher net margin
RAMP
RAMP
8.5% more per $
RAMP
18.8%
10.3%
CRVL
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
6.6%
CRVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CRVL
CRVL
RAMP
RAMP
Revenue
$235.6M
$212.2M
Net Profit
$24.2M
$39.9M
Gross Margin
23.3%
71.9%
Operating Margin
13.7%
18.6%
Net Margin
10.3%
18.8%
Revenue YoY
3.4%
8.6%
Net Profit YoY
1.7%
255.7%
EPS (diluted)
$0.47
$0.62

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.

Revenue
CRVL
CRVL
RAMP
RAMP
Q4 25
$235.6M
$212.2M
Q3 25
$239.6M
$199.8M
Q2 25
$234.7M
$194.8M
Q1 25
$231.5M
$188.7M
Q4 24
$228.0M
$195.4M
Q3 24
$224.4M
$185.5M
Q2 24
$211.7M
$176.0M
Q1 24
$207.2M
$171.9M
Net Profit
CRVL
CRVL
RAMP
RAMP
Q4 25
$24.2M
$39.9M
Q3 25
$27.9M
$27.4M
Q2 25
$27.2M
$7.7M
Q1 25
$26.4M
$-6.3M
Q4 24
$23.8M
$11.2M
Q3 24
$23.4M
$1.7M
Q2 24
$21.6M
$-7.5M
Q1 24
$19.5M
$-5.4M
Gross Margin
CRVL
CRVL
RAMP
RAMP
Q4 25
23.3%
71.9%
Q3 25
24.3%
70.2%
Q2 25
24.2%
70.1%
Q1 25
25.0%
69.3%
Q4 24
23.2%
71.9%
Q3 24
22.6%
72.4%
Q2 24
22.7%
70.6%
Q1 24
20.9%
72.2%
Operating Margin
CRVL
CRVL
RAMP
RAMP
Q4 25
13.7%
18.6%
Q3 25
15.0%
10.7%
Q2 25
15.0%
3.7%
Q1 25
14.4%
-6.1%
Q4 24
13.5%
7.5%
Q3 24
12.8%
4.0%
Q2 24
13.2%
-3.0%
Q1 24
10.9%
-8.3%
Net Margin
CRVL
CRVL
RAMP
RAMP
Q4 25
10.3%
18.8%
Q3 25
11.6%
13.7%
Q2 25
11.6%
4.0%
Q1 25
11.4%
-3.3%
Q4 24
10.4%
5.7%
Q3 24
10.4%
0.9%
Q2 24
10.2%
-4.3%
Q1 24
9.4%
-3.1%
EPS (diluted)
CRVL
CRVL
RAMP
RAMP
Q4 25
$0.47
$0.62
Q3 25
$0.54
$0.42
Q2 25
$0.52
$0.12
Q1 25
$-1.23
$-0.10
Q4 24
$0.46
$0.17
Q3 24
$1.35
$0.03
Q2 24
$1.25
$-0.11
Q1 24
$1.12
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRVL
CRVL
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$230.0M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$375.7M
$962.3M
Total Assets
$644.8M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRVL
CRVL
RAMP
RAMP
Q4 25
$230.0M
$403.4M
Q3 25
$207.5M
$376.9M
Q2 25
$202.0M
$371.1M
Q1 25
$170.6M
$420.8M
Q4 24
$162.9M
$384.3M
Q3 24
$138.3M
$348.4M
Q2 24
$131.9M
$342.7M
Q1 24
$105.6M
$368.9M
Stockholders' Equity
CRVL
CRVL
RAMP
RAMP
Q4 25
$375.7M
$962.3M
Q3 25
$362.8M
$943.8M
Q2 25
$342.5M
$947.8M
Q1 25
$322.0M
$948.9M
Q4 24
$300.9M
$957.7M
Q3 24
$282.8M
$932.1M
Q2 24
$263.9M
$951.9M
Q1 24
$247.6M
$949.1M
Total Assets
CRVL
CRVL
RAMP
RAMP
Q4 25
$644.8M
$1.3B
Q3 25
$611.7M
$1.2B
Q2 25
$597.4M
$1.2B
Q1 25
$546.0M
$1.3B
Q4 24
$538.8M
$1.3B
Q3 24
$518.6M
$1.2B
Q2 24
$486.2M
$1.2B
Q1 24
$454.7M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRVL
CRVL
RAMP
RAMP
Operating Cash FlowLast quarter
$46.1M
Free Cash FlowOCF − Capex
$35.2M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
4.7%
0.1%
Cash ConversionOCF / Net Profit
1.91×
TTM Free Cash FlowTrailing 4 quarters
$104.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRVL
CRVL
RAMP
RAMP
Q4 25
$46.1M
Q3 25
$25.0M
$57.4M
Q2 25
$55.0M
$-15.8M
Q1 25
$22.9M
Q4 24
$41.6M
$45.1M
Q3 24
$22.3M
$55.6M
Q2 24
$40.4M
$-9.3M
Q1 24
$15.2M
Free Cash Flow
CRVL
CRVL
RAMP
RAMP
Q4 25
$35.2M
Q3 25
$15.3M
$56.8M
Q2 25
$39.5M
$-16.2M
Q1 25
$14.3M
Q4 24
$32.1M
$44.8M
Q3 24
$12.4M
$55.4M
Q2 24
$32.8M
$-9.6M
Q1 24
$5.2M
FCF Margin
CRVL
CRVL
RAMP
RAMP
Q4 25
14.9%
Q3 25
6.4%
28.4%
Q2 25
16.8%
-8.3%
Q1 25
6.2%
Q4 24
14.1%
22.9%
Q3 24
5.5%
29.8%
Q2 24
15.5%
-5.4%
Q1 24
2.5%
Capex Intensity
CRVL
CRVL
RAMP
RAMP
Q4 25
4.7%
0.1%
Q3 25
4.1%
0.3%
Q2 25
6.6%
0.2%
Q1 25
3.7%
0.2%
Q4 24
4.2%
0.1%
Q3 24
4.4%
0.1%
Q2 24
3.6%
0.1%
Q1 24
4.8%
1.0%
Cash Conversion
CRVL
CRVL
RAMP
RAMP
Q4 25
1.91×
Q3 25
0.90×
2.09×
Q2 25
2.02×
-2.04×
Q1 25
0.87×
Q4 24
1.75×
4.02×
Q3 24
0.95×
32.10×
Q2 24
1.87×
Q1 24
0.78×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRVL
CRVL

Patient Management Services$146.1M62%
Network Solutions Services$89.6M38%

RAMP
RAMP

Segment breakdown not available.

Related Comparisons