CORVEL CORPORATION
Income Statement
| Line Item | FY2018 | FY2017 |
|---|---|---|
| Revenue | $558.4M | $518.7M |
| Cost of Revenue | $451.1M | $413.9M |
| Gross Profit | $107.3M | $104.8M |
| Gross Margin | 19.2% | 20.2% |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $59.4M | $57.2M |
| Operating Income | $47.9M | $47.5M |
| Operating Margin | 8.6% | 9.2% |
| Interest Expense | — | — |
| Pretax Income | $47.9M | $47.5M |
| Income Tax Expense | $12.2M | $18.1M |
| Net Income | $35.7M | $29.5M |
| Net Margin | 6.4% | 5.7% |
| EPS (Basic) | $0.63 | $0.51 |
| EPS (Diluted) | $0.62 | $0.50 |
| Shares Outstanding (Basic) | 56.5M | 58.3M |
| Shares Outstanding (Diluted) | 57.1M | 58.7M |
| Dividends Per Share | — | — |