Filing Flows › Crawford (CRD-A) › Q2 2026 › vs Q2 2025
Crawford (CRD-A) Q2 2026 vs Q2 2025 (year over year)
Crawford's revenue fell $4.6M (-1%) from $335M in Q2 2025 to $330M in Q2 2026. The biggest changes: Reimbursements −$3.0M (-26%); Service −$1.6M (-0.5%). Operating margin 6.4% against 4.8% (+1.6 pts).
Crawford, Q2 2026: revenue $330M (-1% year over year), operating margin 6.4%, net earnings $13.4M, operating cash flow $19.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.4% | 4.8% | +1.6 pts |
| Net margin | 4.1% | 2.3% | +1.7 pts |
| Free cash flow margin | 5.6% | 10.0% | -4.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service | $321M | $323M | −$1.6M | -0.5% |
| Reimbursements | $8.6M | $11.6M | −$3.0M | -26% |
| Revenue | $330M | $335M | −$4.6M | -1% |
| Operating profit | $21.2M | $16.1M | $5.1M | +32% |
| Costs & expenses | $309M | $319M | −$9.7M | -3% |
| Pre-tax earnings | $19.7M | $13.7M | $6.0M | +44% |
| Other expense, net | $1.5M | $2.4M | −$875K | -36% |
| Cost of revenue | $235M | $236M | −$1.3M | -0.5% |
| SG&A | $69.7M | $78.3M | −$8.7M | -11% |
| Other operating costs | $4.1M | $3.9M | $279K | +7% |
| Net earnings | $13.4M | $7.8M | $5.6M | +72% |
| Income tax | $6.2M | $5.8M | $390K | +7% |
| Depreciation & amortization | $9.5M | $9.8M | −$318K | -3% |
| Share-based compensation | $481K | $1.7M | −$1.2M | -72% |
| Working capital & other | $3.5M | −$15.7M | $19.2M | — |
| Operating cash flow | $19.9M | $35.0M | −$15.1M | -43% |
| Free cash flow (OCF − capex) | $18.6M | $33.6M | −$15.0M | -45% |
| Capital expenditures | $1.3M | $1.4M | −$102K | -7% |
Questions
How much did Crawford's revenue grow year over year in Q2 2026?
Crawford's revenue fell $4.6M (-1%) from $335M in Q2 2025 to $330M in Q2 2026.
What drove Crawford's revenue change in Q2 2026?
Reimbursements −$3.0M (-26%); Service −$1.6M (-0.5%).