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Side-by-side financial comparison of CORVEL CORP (CRVL) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $235.6M, roughly 1.4× CORVEL CORP). CORVEL CORP runs the higher net margin — 10.3% vs -18.0%, a 28.2% gap on every dollar of revenue. On growth, CORVEL CORP posted the faster year-over-year revenue change (3.4% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $35.2M). Over the past eight quarters, CORVEL CORP's revenue compounded faster (6.6% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
CRVL vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $235.6M | $334.0M |
| Net Profit | $24.2M | $-60.0M |
| Gross Margin | 23.3% | — |
| Operating Margin | 13.7% | — |
| Net Margin | 10.3% | -18.0% |
| Revenue YoY | 3.4% | -76.3% |
| Net Profit YoY | 1.7% | -170.6% |
| EPS (diluted) | $0.47 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $235.6M | $334.0M | ||
| Q3 25 | $239.6M | $382.0M | ||
| Q2 25 | $234.7M | $397.0M | ||
| Q1 25 | $231.5M | $316.0M | ||
| Q4 24 | $228.0M | $336.0M | ||
| Q3 24 | $224.4M | $396.0M | ||
| Q2 24 | $211.7M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $24.2M | $-60.0M | ||
| Q3 25 | $27.9M | $105.0M | ||
| Q2 25 | $27.2M | $87.0M | ||
| Q1 25 | $26.4M | $61.0M | ||
| Q4 24 | $23.8M | $85.0M | ||
| Q3 24 | $23.4M | $102.0M | ||
| Q2 24 | $21.6M | $86.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 13.7% | -11.4% | ||
| Q3 25 | 15.0% | 46.6% | ||
| Q2 25 | 15.0% | 37.8% | ||
| Q1 25 | 14.4% | 35.4% | ||
| Q4 24 | 13.5% | 38.4% | ||
| Q3 24 | 12.8% | 43.2% | ||
| Q2 24 | 13.2% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 10.3% | -18.0% | ||
| Q3 25 | 11.6% | 27.5% | ||
| Q2 25 | 11.6% | 21.9% | ||
| Q1 25 | 11.4% | 19.3% | ||
| Q4 24 | 10.4% | 25.3% | ||
| Q3 24 | 10.4% | 25.8% | ||
| Q2 24 | 10.2% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.47 | $-0.77 | ||
| Q3 25 | $0.54 | $1.36 | ||
| Q2 25 | $0.52 | $1.13 | ||
| Q1 25 | $-1.23 | $0.78 | ||
| Q4 24 | $0.46 | $1.06 | ||
| Q3 24 | $1.35 | $1.29 | ||
| Q2 24 | $1.25 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $375.7M | $468.0M |
| Total Assets | $644.8M | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $230.0M | $64.0M | ||
| Q3 25 | $207.5M | $70.0M | ||
| Q2 25 | $202.0M | $50.0M | ||
| Q1 25 | $170.6M | $48.0M | ||
| Q4 24 | $162.9M | $103.0M | ||
| Q3 24 | $138.3M | $72.0M | ||
| Q2 24 | $131.9M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $375.7M | $468.0M | ||
| Q3 25 | $362.8M | $583.0M | ||
| Q2 25 | $342.5M | $570.0M | ||
| Q1 25 | $322.0M | $579.0M | ||
| Q4 24 | $300.9M | $650.0M | ||
| Q3 24 | $282.8M | $583.0M | ||
| Q2 24 | $263.9M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $644.8M | $4.2B | ||
| Q3 25 | $611.7M | $4.3B | ||
| Q2 25 | $597.4M | $4.3B | ||
| Q1 25 | $546.0M | $4.2B | ||
| Q4 24 | $538.8M | $4.2B | ||
| Q3 24 | $518.6M | $4.2B | ||
| Q2 24 | $486.2M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $35.2M | $168.0M |
| FCF MarginFCF / Revenue | 14.9% | 50.3% |
| Capex IntensityCapex / Revenue | 4.7% | — |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.3M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $46.1M | $152.0M | ||
| Q3 25 | $25.0M | $86.0M | ||
| Q2 25 | $55.0M | $70.0M | ||
| Q1 25 | $22.9M | $59.0M | ||
| Q4 24 | $41.6M | $134.0M | ||
| Q3 24 | $22.3M | $79.0M | ||
| Q2 24 | $40.4M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $35.2M | $136.0M | ||
| Q3 25 | $15.3M | $75.0M | ||
| Q2 25 | $39.5M | $58.0M | ||
| Q1 25 | $14.3M | $52.0M | ||
| Q4 24 | $32.1M | $109.0M | ||
| Q3 24 | $12.4M | $71.0M | ||
| Q2 24 | $32.8M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 14.9% | 40.7% | ||
| Q3 25 | 6.4% | 19.6% | ||
| Q2 25 | 16.8% | 14.6% | ||
| Q1 25 | 6.2% | 16.5% | ||
| Q4 24 | 14.1% | 32.4% | ||
| Q3 24 | 5.5% | 17.9% | ||
| Q2 24 | 15.5% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 4.8% | ||
| Q3 25 | 4.1% | 2.9% | ||
| Q2 25 | 6.6% | 3.0% | ||
| Q1 25 | 3.7% | 2.2% | ||
| Q4 24 | 4.2% | 7.4% | ||
| Q3 24 | 4.4% | 2.0% | ||
| Q2 24 | 3.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | — | ||
| Q3 25 | 0.90× | 0.82× | ||
| Q2 25 | 2.02× | 0.80× | ||
| Q1 25 | 0.87× | 0.97× | ||
| Q4 24 | 1.75× | 1.58× | ||
| Q3 24 | 0.95× | 0.77× | ||
| Q2 24 | 1.87× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
