Crawford CRD-A

Insurance - Brokers, Financial Services

$12.42

−2.97%

Market cap: $603.7M
PE: 32.7×; 10y median 15.6×
Forward PE: n/m; not a meaningful number
Price to sales: 0.5×
EV/EBIT: 11.2×
Revenue, 12 months: $1.3B; −4% on a year ago
Net margin: 1.8%
Free cash flow yield: 15.9%

Crawford trades at 32.7× trailing earnings, pricier than 79% of the last ten years. Revenue was $1.3B over the last twelve months, down 4% on a year earlier with a 2% net margin.

Charts

Financials

Income statement for CRD-A, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$342.2M+12%	$309.2M−7%	$313.1M−5%	$326.9M−3%	$342.7M+0%	$358.3M+16%	$323.3M+3%	$334.6M+2%	$332.8M−3%	$320.1M−11%	$320.1M−1%	$330M−1%
Cost of revenue	$242M+4%	$230M−8%	$225.8M−5%	$234.9M−5%	$249.3M+3%	$263.4M+15%	$233.2M+3%	$236.3M+1%	$239M−4%	$235.2M−11%	$232M−1%	$235M−1%
Gross profit	$100.2M+36%	$79.1M−6%	$87.3M−2%	$92M+2%	$93.4M−7%	$94.9M+20%	$90.1M+3%	$98.3M+7%	$93.8M+0%	$84.9M−11%	$88.1M−2%	$95M−3%
SG&A	$74.4M+18%	$74.9M+20%	$77.3M+16%	$72.3M+3%	$71.5M−4%	$78.5M+5%	$74.6M−4%	$78.3M+8%	$69.4M−3%	$71.8M−9%	$76.1M+2%	$69.7M−11%
	$25.7M	$4.3M−80%	$9.9M−56%	$19.7M−2%	$21.9M−15%	$16.4M+284%	$15.6M+56%	$19.9M+1%	$24.4M+12%	−$961K	$12M−23%	$25.3M+27%
Interest expense	$4.6M+57%	$3.8M−8%	$3.6M−18%	$4.3M−1%	$4.7M+3%	$4.3M+15%	$3.9M+10%	$3.9M−9%	$3.8M−19%	$3.1M−28%	$2.6M−33%	$2.9M−26%
Pre-tax income	$19M	−$1.1M	$3.8M−76%	$13M−4%	$14.7M−22%	$9.6M	$9.2M+141%	$13.7M+5%	$18.2M+24%	−$6.5M	$7.3M−21%	$19.7M+44%
	$6.8M	−$161K	$1M−80%	$4.5M−14%	$5.3M−21%	$3.7M	$2.5M+137%	$5.8M+30%	$5.8M+9%	$786K−79%	$2.4M−4%	$6.2M+7%
Net income	$12.3M	−$818K−94%	$2.8M−73%	$8.6M+2%	$9.5M−23%	$5.7M	$6.7M+136%	$7.8M−9%	$12.4M+31%	−$7.2M	$4.9M−27%	$13.4M+73%
	$0.25	−$0.03−94%	$0.06−73%	$0.17+0%	$0.19−24%	$0.19	$0.13+117%	$0.16−6%	$0.25+32%	−$0.24	$0.10−23%	$0.27+69%
	30.1M+5%	29.2M+2%	30.3M+4%	30.2M+1%	30.5M+1%	30.7M+5%	30.7M+1%	30.8M+2%	30.9M+2%	30M−2%	30.4M−1%	30M−2%

Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.

Operating income: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: 17 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 12 periods, Q4 FY08 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY15 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Insurance - Brokers nearest Crawford's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
CRD-ACrawford	$603.7M	32.7×	15.6×	0.5×	−4%	1.8%
TWFGTWFG	$1.5B	47.1×	45.8×	5.2×	+35%	n/m
GSHDGoosehead Insurance	$1.7B	39.8×	175×	4.3×	+18%	8.8%
NPNeptune Insurance	$3.9B	91.7×	126×	19.9×	+34%	22.7%
CRVLCorvel	$4.2B	37.3×	38.1×	4.3×	+7%	11.7%
HGTYHagerty	$5.4B	260×	50.9×	3.7×	+8%	1.8%
Peer median	$3.9B	47.1×	50.9×	4.3×	+18%	10.2%