CRD-A

MKT CAP:$535M

Crawford & Company

Market Cap

$535M

Financial Services·Insurance - Brokers·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$10.84-$0.06 (-0.55%)

Apr 21, 2026

Company Details

Crawford & Company provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. The company's Crawford Loss Adjusting ...

CEO

William Bruce Swain Jr.

IPO Date

Jul 31, 1990

Website

www.crawco.com

Key Metrics TTM

Revenue

$1.3B

+6.9% YoY

Net Income

$22M

EPS (Diluted)

$0.45

Free Cash Flow

$130M

Revenue / Share

$26.37

Gross Margin

24.6%

Operating Margin

6.1%

Net Margin

1.7%

FCF Margin

9.8%

P/S

0.4x

P/E

23.9x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Mar 2, 2026

$1.3B-2.2%EPS $0.39

Q4 2025

Mar 2, 2026

$321MEPS -$0.15

Q3 2025

Nov 3, 2025

$322M-6.0%EPS $0.25

Q2 2025

Aug 4, 2025

$335M+2.4%EPS $0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$291M	$76M	$17M
Q2 18	$293M	$82M	$18M
Q3 18	$265M	$76M	$13M
Q3 20	$262M	$76M	$24M
Q4 20	$266M	$72M	$16M
Q1 21	$262M	$68M	$9M
Q2 21	$277M	$74M	$16M
Q2 22	$304M	$75M	$10M
Q1 23	$328M	$89M	$23M
Q2 24	$327M	$92M	$17M
Q3 24	$343M	$93M	$19M
Q2 25	$335M	$98M	$18M
Q3 25	$322M	$94M	$22M
Q4 25	$321M	$40M	$21M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 18	—	—
Q3 18	—	—
Q3 20	0.5x	13.9x
Q4 20	0.5x	13.6x
Q1 21	0.5x	11.2x
Q2 21	0.5x	10.4x
Q2 22	0.5x	16.2x
Q1 23	0.5x	15.6x
Q2 24	0.4x	14.5x
Q3 24	0.4x	15.5x
Q2 25	0.4x	14.7x
Q3 25	0.4x	14.0x
Q4 25	0.4x	23.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	-$5M	-$11M
Q2 18	-$5M	-$12M
Q3 18	$35M	$27M
Q3 20	$45M	$40M
Q4 20	$36M	$22M
Q1 21	$2M	-$3M
Q2 21	$9M	$2M
Q2 22	$3M	-$6M
Q1 23	-$445.0K	-$9M
Q2 24	$12M	$12M
Q3 24	$19M	$18M
Q2 25	$35M	$34M
Q3 25	$31M	$29M
Q4 25	$50M	$49M

Capital Expenditures

Quarter	CapEx
Q1 16	$6M
Q2 18	$7M
Q3 18	$8M
Q3 20	$5M
Q4 20	$14M
Q1 21	$5M
Q2 21	$7M
Q2 22	$8M
Q1 23	$9M
Q2 24	$123.0K
Q3 24	$2M
Q2 25	$1M
Q3 25	$1M
Q4 25	$994.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	-8.7%	-9.2%
Q1 21	-10.6%	-8.3%
Q2 21	+4.4%	+3.4%
Q2 22	+16.0%	+23.6%
Q1 23	+23.5%	+22.6%
Q2 24	+24.7%	+22.4%
Q3 24	+23.9%	+23.9%
Q2 25	+10.2%	+7.9%
Q3 25	-1.8%	-1.7%
Q4 25	-1.8%	-3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$729.0K	0.3%
Q2 18	$2M	0.6%
Q3 18	$1M	0.6%
Q3 20	$0	0.0%
Q4 20	$2M	0.6%
Q1 21	$2M	0.6%
Q2 21	$2M	0.7%
Q2 22	$2M	0.6%
Q1 23	$1M	0.3%
Q2 24	$139.0K	0.0%
Q3 24	$188.0K	0.1%
Q2 25	$214.0K	0.1%
Q3 25	$52.0K	0.0%
Q4 25	$357.0K	0.1%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 16	$57M	—
Q2 18	$64M	—
Q3 18	$63M	—
Q3 20	$52M	—
Q4 20	$56M	—
Q1 21	$59M	—
Q2 21	—	$59M
Q2 22	—	$65M
Q1 23	—	$67M
Q2 24	$75M	—
Q3 24	$74M	—
Q2 25	$81M	—

Revenue Segments

Quarter	Broadspire	Garden City Group	International	U.S. Services	Reimbursements	Service
Q1 16	$76M	$25M	$118M	$59M	—	—
Q2 24	—	—	—	—	$13M	$314M
Q3 24	—	—	—	—	$13M	$329M
Q2 25	—	—	—	—	$12M	$323M
Q3 25	—	—	—	—	$11M	$322M
Q4 25	—	—	—	—	$12M	$309M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$49M	$0	$49M
Q2 22	$46M	$0	$46M
Q3 22	$33M	$0	$33M
Q4 22	$46M	$0	$46M
Q1 23	$43M	$0	$43M
Q2 23	$47M	$0	$47M
Q3 23	$49M	$0	$49M
Q4 23	$58M	$0	$58M
Q1 24	$45M	$0	$45M
Q2 24	$47M	$0	$47M
Q3 24	$52M	$0	$52M
Q4 24	$55M	$0	$55M
Q1 25	$57M	$0	$57M
Q2 25	$59M	$0	$59M
Q3 25	$69M	$0	$69M
Q4 25	$64M	$0	$64M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	56M	—	—
Q2 18	55M	-0.9%	—
Q3 18	56M	+1.5%	—
Q3 20	53M	-4.3%	—
Q4 20	53M	+0.1%	-3.6%
Q1 21	54M	+0.1%	-2.6%
Q2 21	54M	+1.6%	-2.5%
Q2 22	49M	-9.8%	-8.1%
Q1 23	49M	-1.2%	-9.2%
Q2 24	50M	+2.0%	-7.5%
Q3 24	50M	0.0%	-9.0%
Q2 25	50M	+0.8%	+1.7%
Q3 25	50M	+0.2%	+3.1%
Q4 25	50M	0.0%	+1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$32.5K	9K
Q2 18	$33.3K	9K
Q3 18	$30.1K	9K
Q3 20	$29.1K	9K
Q4 20	$29.6K	9K
Q1 21	$29.2K	9K
Q2 21	$30.8K	9K
Q2 22	$32.3K	9K
Q1 23	$31.5K	10K
Q2 24	$32.0K	10K
Q3 24	$33.6K	10K
Q2 25	$33.3K	10K
Q3 25	$32.1K	10K
Q4 25	$32.3K	10K

Revenue / Employee