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Enact Holdings vs Corvel: ACT and CRVL compared
Enact Holdings is the larger company: $313M of revenue in its latest quarter (Q3 2026) against $267M for Corvel (Q2 FY27). Corvel is growing faster (+12% against +0.4% a year earlier). Enact Holdings is more profitable, with an operating margin of 64.9% against 17.2%.
Where the money goes: ACT and CRVL
Enact Holdings (ACT) · Q3 2026
Enact Holdings, Q3 2026: revenue $313M (+0.4% year over year), operating margin 64.9%, net earnings $159M, operating cash flow $184M. The chart follows the revenue to costs, profit and cash.
Corvel (CRVL) · Q2 FY27
Corvel, Q2 FY27: revenue $267M (+12% year over year), operating margin 17.2%, net earnings $34.1M, operating cash flow $39.6M. The chart follows the revenue to costs, profit and cash.
| Enact Holdings (ACT) | Corvel (CRVL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $313M | $267M |
| Revenue growth, Y/Y | +0.4% | +12% |
| Gross margin | — | 27.1% |
| Operating margin | 64.9% | 17.2% |
| Net earnings | $159M | $34.1M |
| Net margin | 50.8% | 12.8% |
| Operating cash flow | $184M | $39.6M |
| Free cash flow | — | $29.3M |
| Market value | $6.7B | $4.0B |
| P/E | 9.8× | 34.5× |
| Analysts’ mean target | $47.20 | — |
Where the revenue comes from
Corvel
- Patient Management Services: $168M (63%)
- Network Solutions Services: $99.5M (37%)
Questions
Which is bigger, Enact Holdings or Corvel?
Enact Holdings is the larger company: $313M of revenue in its latest quarter (Q3 2026) against $267M for Corvel (Q2 FY27).
Is Enact Holdings or Corvel growing faster?
Corvel is growing faster (+12% against +0.4% a year earlier).
Which is more profitable, Enact Holdings or Corvel?
Enact Holdings is more profitable, with an operating margin of 64.9% against 17.2%.
More: Enact Holdings earnings · how Enact Holdings makes money · Corvel earnings · how Corvel makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.