CORVEL CORPORATION vs RYAN SPECIALTY HOLDINGS, INC., two Insurance Brokers stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
CorVel manages workers-comp and health-services claims; Ryan Specialty places specialty insurance through wholesale channels. Both are smaller names carving out a niche, and both ask investors to pay for growth. CorVel trades at 29.42 times earnings, while Ryan shows no clean multiple here and leans on its 3.51 times book. Ryan's numbers underneath are a thin 3.44% net margin turned into a strong 14.43% free-cash yield, alongside an 8.92% return on equity. Ryan also carries heavy debt, 2.93 times equity, where CorVel's balance sheet is the quieter of the two. At $4.3B, Ryan is the larger of these two specialists. Different corners of insurance services, both priced with optimism.
Comparison updated 2026-07-11.
| Metric | CRVL | RYAN |
|---|---|---|
| Price | $62.50 | $40.41 |
| Market cap | $3.2B | $4.4B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Growth |
| P/E | 29.2 | — |
| P/B | 8.18 | 3.64 |
| P/S | 3.36 | 1.41 |
| EV/EBITDA | 94.2 | 15.6 |
| Revenue growth | +7.1% | +19.1% |
| Gross margin | 25.4% | — |
| Operating margin | — | 11.9% |
| Net margin | 11.5% | 3.4% |
| Return on equity | 28.0% | 8.9% |
| Return on assets | 17.2% | 1.0% |
| Debt / equity | 0.00 | 2.93 |
| Current ratio | 2.03 | 1.02 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.