CorVel vs Tempus AI
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KIRAβs take AI analyst
I put CorVel and Tempus AI side by side, using each oneβs latest annual report. Here is what stands out:
- Tempus AI is the larger business, with $1.3B of revenue in fiscal 2025 against $959M for CorVel.
- Tempus AI grew revenue faster (83.4%, against 7.0%).
- CorVel turned more of its sales into free cash flow (11.5% FCF margin, against β18.8%).
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
CorVel
CRVL
4/5
Net marginFCF marginReturn on equityShare count change
Tempus AI
TEM
1/5
Revenue growth
Side by side
Best in the row
| Latest fiscal year | CRVL FY26 | TEM FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $13.5M |
| Revenue | $959M | $1.3B |
| Free cash flow | $110M | β$239M |
| Net income | $110M | β$245M |
| Growth | ||
| Revenue growth | 7.0% | 83.4% |
| 5-year growth | 11.6% | β |
| Share count change | β0.7% | 45.4% |
| Profitability | ||
| Gross margin | 24.3% | β |
| Operating margin | β | β19.9% |
| Net margin | 11.5% | β19.3% |
| FCF margin | 11.5% | β18.8% |
| Return on capital | β | β |
| Return on equity | 30.8% | β89.5% |
| Balance sheet | ||
| Net debt | β | β$396M |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $56.2M | $3.0M |
| Valuation & quality | ||
| P/E | 37.3x | β |
| Piotroski F-score | β | 5 |
Ten years
Revenue
FY17
CRVL $519M
TEM β
FY18
CRVL $558M
TEM β
FY19
CRVL $596M
TEM β
FY20
CRVL $592M
TEM β
FY21
CRVL $553M
TEM β
FY22
CRVL $646M
TEM $321M
FY23
CRVL $719M
TEM $532M
FY24
CRVL $795M
TEM $693M
FY25
CRVL $896M
TEM $1.3B
FY26
CRVL $959M
TEM β
CRVL
TEM
Operating margin
FY17
CRVL β
TEM β
FY18
CRVL β
TEM β
FY19
CRVL β
TEM β
FY20
CRVL β
TEM β
FY21
CRVL β
TEM β
FY22
CRVL β
TEM β82.8%
FY23
CRVL β
TEM β36.9%
FY24
CRVL β
TEM β99.7%
FY25
CRVL β
TEM β19.9%
FY26
CRVL β
TEM β
CRVL
TEM
Free cash flow
FY17
CRVL $21.0M
TEM β
FY18
CRVL $34.5M
TEM β
FY19
CRVL $63.4M
TEM β
FY20
CRVL $48.5M
TEM β
FY21
CRVL $77.1M
TEM β
FY22
CRVL $37.4M
TEM β$187M
FY23
CRVL $56.0M
TEM β$249M
FY24
CRVL $70.0M
TEM β$211M
FY25
CRVL $91.6M
TEM β$239M
FY26
CRVL $110M
TEM β
CRVL
TEM
Return on capital
FY17
CRVL β
TEM β
FY18
CRVL β
TEM β
FY19
CRVL β
TEM β
FY20
CRVL β
TEM β
FY21
CRVL β
TEM β
FY22
CRVL β
TEM β
FY23
CRVL β
TEM β
FY24
CRVL β
TEM β
FY25
CRVL β
TEM β
FY26
CRVL β
TEM β
CRVL
TEM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.