CorVel Management
Management criteria checks 3/4
CorVel's CEO is Michael Combs, appointed in Apr 2017, has a tenure of 7.67 years. total yearly compensation is $966.97K, comprised of 64.8% salary and 35.2% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth $4.72M. The average tenure of the management team and the board of directors is 1.9 years and 24.5 years respectively.
Key information
Michael Combs
Chief executive officer
US$967.0k
Total compensation
| CEO salary percentage | 64.8% |
| CEO tenure | 7.7yrs |
| CEO ownership | 0.08% |
| Management average tenure | 1.9yrs |
| Board average tenure | 24.5yrs |
Recent management updates
Recent updates
CorVel (NASDAQ:CRVL) Is Investing Its Capital With Increasing Efficiency
Dec 17
Subdued Growth No Barrier To CorVel Corporation's (NASDAQ:CRVL) Price
Oct 22Here's Why We Think CorVel (NASDAQ:CRVL) Is Well Worth Watching
Aug 27Shareholders Are Optimistic That CorVel (NASDAQ:CRVL) Will Multiply In Value
Jul 30CorVel Corporation's (NASDAQ:CRVL) Popularity With Investors Is Clear
Jul 12CorVel (NASDAQ:CRVL) Is Very Good At Capital Allocation
Apr 25CorVel Corporation's (NASDAQ:CRVL) Share Price Matching Investor Opinion
Apr 07Is Now The Time To Put CorVel (NASDAQ:CRVL) On Your Watchlist?
Mar 19CorVel (NASDAQ:CRVL) Is Very Good At Capital Allocation
Jan 10The Price Is Right For CorVel Corporation (NASDAQ:CRVL)
Dec 23CorVel GAAP EPS of $0.94, revenue of $176M
Aug 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$82m |
| Jun 30 2024 | n/a | n/a | US$78m |
| Mar 31 2024 | US$967k | US$627k | US$76m |
| Dec 31 2023 | n/a | n/a | US$75m |
| Sep 30 2023 | n/a | n/a | US$75m |
| Jun 30 2023 | n/a | n/a | US$69m |
| Mar 31 2023 | US$2m | US$626k | US$66m |
| Dec 31 2022 | n/a | n/a | US$68m |
| Sep 30 2022 | n/a | n/a | US$65m |
| Jun 30 2022 | n/a | n/a | US$66m |
| Mar 31 2022 | US$1m | US$579k | US$66m |
| Dec 31 2021 | n/a | n/a | US$62m |
| Sep 30 2021 | n/a | n/a | US$59m |
| Jun 30 2021 | n/a | n/a | US$55m |
| Mar 31 2021 | US$2m | US$562k | US$46m |
| Dec 31 2020 | n/a | n/a | US$43m |
| Sep 30 2020 | n/a | n/a | US$41m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | US$1m | US$551k | US$47m |
| Dec 31 2019 | n/a | n/a | US$47m |
| Sep 30 2019 | n/a | n/a | US$48m |
| Jun 30 2019 | n/a | n/a | US$48m |
| Mar 31 2019 | US$2m | US$484k | US$47m |
| Dec 31 2018 | n/a | n/a | US$44m |
| Sep 30 2018 | n/a | n/a | US$43m |
| Jun 30 2018 | n/a | n/a | US$39m |
| Mar 31 2018 | US$1m | US$335k | US$36m |
Compensation vs Market: Michael's total compensation ($USD966.97K) is below average for companies of similar size in the US market ($USD8.00M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Combs (60 yo)
7.7yrs
Tenure
US$966,969
Compensation
Mr. Michael G. Combs has been the President of CorVel Corporation since April 1, 2017 and has been its Chief Executive Officer since January 18, 2019 and serves as its Chairman since November 26, 2024. Mr....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.7yrs | US$966.97k | 0.080% $ 4.7m | |
| Chief Financial Officer | 6.2yrs | US$507.92k | 0.038% $ 2.3m | |
| Vice President of Accounting | 10.5yrs | US$369.23k | 0.0040% $ 238.0k | |
| Chief Information Officer | 7.7yrs | US$668.55k | 0.0093% $ 553.0k | |
| Executive Vice President of Risk Management Services | 2.7yrs | US$714.57k | 0.0050% $ 297.2k | |
| Vice President of Business Operations | less than a year | no data | no data | |
| Vice President of Legal Services | 8.7yrs | no data | no data | |
| Vice President of Marketing | less than a year | no data | no data | |
| Vice President of Sales & Account Management | less than a year | no data | no data | |
| Chief Claims Officer | 1.2yrs | no data | no data | |
| President of CERIS | less than a year | no data | no data | |
| President of Symbeo | less than a year | no data | no data |
1.9yrs
Average Tenure
49yo
Average Age
Experienced Management: CRVL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$966.97k | 0.080% $ 4.7m | |
| Independent Director | 33.6yrs | US$112.99k | 0.63% $ 37.3m | |
| Independent Director | 34.3yrs | US$108.99k | 1.13% $ 66.7m | |
| Lead Independent Director | 27.3yrs | US$120.99k | 0.24% $ 14.1m | |
| Independent Director | 21.6yrs | US$113.99k | 0.30% $ 17.6m | |
| Independent Director | less than a year | no data | no data |
24.5yrs
Average Tenure
67yo
Average Age
Experienced Board: CRVL's board of directors are seasoned and experienced ( 24.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CorVel Corporation is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jayaprabha Dhavale | Virtua Research Inc. |