Crawford & Company (CRD.B) | Financial Analysis & Statements
Crawford & Company Small-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
320.1M
Gross Profit
84.9M
26.52%
Operating Income
20.2M
6.32%
Net Income
-7.3M
-2.27%
EPS (Diluted)
$-0.15
Balance Sheet Metrics
Total Assets
764.3M
Total Liabilities
592.9M
Shareholders Equity
171.4M
Debt to Equity
3.46
Cash Flow Metrics
Operating Cash Flow
37.5M
Free Cash Flow
39.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Crawford & Company Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B |
| Cost of Goods Sold | 943.7M | 973.4M | 957.8M | 924.9M | 847.4M |
| Gross Profit | 367.1M | 367.5M | 359.1M | 306.4M | 291.8M |
| Gross Margin % | 28.0% | 27.4% | 27.3% | 24.9% | 25.6% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 294.2M | 299.7M | 286.5M | 255.8M | 244.8M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 294.2M | 299.7M | 286.5M | 255.8M | 244.8M |
| Operating Income | 72.9M | 67.9M | 72.6M | 50.6M | 47.0M |
| Operating Margin % | 5.6% | 5.1% | 5.5% | 4.1% | 4.1% |
| Non-Operating Items | |||||
| Interest Income | 3.3M | 3.4M | 2.8M | 655.0K | 424.0K |
| Interest Expense | 18.0M | 20.3M | 19.8M | 11.0M | 7.0M |
| Other Non-Operating Income | -23.6M | -9.9M | -8.2M | -35.2M | 3.5M |
| Pre-tax Income | 34.6M | 41.1M | 47.4M | 5.0M | 43.9M |
| Income Tax | 14.9M | 14.6M | 17.1M | 23.6M | 13.3M |
| Effective Tax Rate % | 43.1% | 35.5% | 36.1% | 467.3% | 30.4% |
| Net Income | 19.7M | 26.5M | 30.3M | -18.5M | 30.5M |
| Net Margin % | 1.5% | 2.0% | 2.3% | -1.5% | 2.7% |
| Key Metrics | |||||
| EBITDA | 106.6M | 97.6M | 102.9M | 88.9M | 91.0M |
| EPS (Basic) | - | $0.54 | $0.63 | $-0.37 | $0.58 |
| EPS (Diluted) | - | $0.53 | $0.61 | $-0.37 | $0.57 |
| Basic Shares Outstanding | - | 49115000 | 48835000 | 49472973 | 52997000 |
| Diluted Shares Outstanding | - | 49115000 | 48835000 | 49472973 | 52997000 |
Income Statement Trend
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Crawford & Company Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 64.1M | 55.4M | 58.4M | 46.0M | 53.2M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 115.7M | 142.1M | 131.4M | 141.1M | 134.5M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 41.4M | 40.3M | 58.2M | 28.8M | 34.6M |
| Total Current Assets | 352.4M | 374.2M | 369.3M | 351.3M | 345.9M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 110.6M | 122.4M | 140.1M | 145.6M | 154.4M |
| Goodwill | 332.3M | 339.1M | 332.0M | 324.3M | 406.4M |
| Intangible Assets | 179.2M | 186.4M | 178.6M | 171.0M | 173.4M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 73.2M | 67.4M | 63.2M | 71.5M | 83.7M |
| Total Non-Current Assets | 411.9M | 429.5M | 429.9M | 440.2M | 506.7M |
| Total Assets | 764.3M | 803.8M | 799.2M | 791.5M | 852.6M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 39.8M | 50.6M | 45.1M | 50.8M | 48.5M |
| Short-term Debt | 66.2M | 42.4M | 39.2M | 50.0M | 35.9M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 19.1M | 27.8M | 33.2M | 12.6M | 13.2M |
| Total Current Liabilities | 309.6M | 299.7M | 299.3M | 279.5M | 303.9M |
| Non-Current Liabilities | |||||
| Long-term Debt | 204.1M | 267.1M | 272.4M | 296.4M | 252.7M |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 38.0M | 36.7M | 38.8M | 41.6M | 43.0M |
| Total Non-Current Liabilities | 283.3M | 348.5M | 360.1M | 388.6M | 337.4M |
| Total Liabilities | 592.9M | 648.2M | 659.4M | 668.1M | 641.2M |
| Equity | |||||
| Common Stock | 48.9M | 49.3M | 49.1M | 48.6M | 51.8M |
| Retained Earnings | 233.7M | 237.9M | 228.6M | 213.1M | 266.4M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 171.4M | 155.6M | 139.8M | 123.4M | 211.4M |
| Key Metrics | |||||
| Total Debt | 270.3M | 309.5M | 311.5M | 346.4M | 288.7M |
| Working Capital | 42.8M | 74.5M | 70.1M | 71.8M | 42.1M |
Balance Sheet Composition
Crawford & Company Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 19.7M | 26.5M | 30.3M | -18.5M | 30.5M |
| Depreciation & Amortization | 40.0M | 36.2M | 35.7M | 36.1M | 40.2M |
| Stock-Based Compensation | 5.2M | 5.8M | 5.6M | 4.9M | 7.6M |
| Working Capital Changes | 20.2M | -21.1M | 39.7M | -48.7M | -5.7M |
| Operating Cash Flow | 82.3M | 43.8M | 103.0M | -15.9M | 69.7M |
| Investing Activities | |||||
| Capital Expenditures | -7.0M | -6.2M | -4.9M | -3.8M | -9.2M |
| Acquisitions | 2.0M | 0 | 0 | -26.3M | -46.4M |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -4.7M | -6.2M | -4.9M | -30.1M | -49.1M |
| Financing Activities | |||||
| Share Repurchases | -10.5M | -3.9M | -2.7M | -26.7M | -19.1M |
| Dividends Paid | -14.3M | -13.8M | -12.7M | -11.8M | -12.7M |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | -84.5M | -61.8M | -69.1M | -39.1M | -52.7M |
| Financing Cash Flow | -142.6M | -74.3M | -123.3M | -13.2M | -27.9M |
| Free Cash Flow | 63.3M | 10.0M | 67.2M | -7.0M | 23.4M |
| Net Change in Cash | -65.0M | -36.7M | -25.2M | -59.2M | -7.3M |
Cash Flow Trend
Crawford & Company Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
25.64
Forward P/E
8.81
Price to Book
2.82
Price to Sales
0.39
PEG Ratio
-0.14
Profitability Ratios
Profit Margin
1.55%
Operating Margin
2.60%
Return on Equity
12.03%
Return on Assets
4.84%
Financial Health
Current Ratio
1.14
Debt to Equity
157.66
Beta
0.66
Per Share Data
EPS (TTM)
$0.39
Book Value per Share
$3.54
Revenue per Share
$25.64
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CRD.B | 484.5M | 25.64 | 2.82 | 12.03% | 1.55% | 157.66 |
| Marsh & McLennan | 84.1B | 21.93 | 5.91 | 28.73% | 15.60% | 139.50 |
| Aon plc | 69.0B | 18.87 | 7.37 | 46.94% | 21.51% | 168.32 |
| Goosehead Insurance | 1.9B | 43.83 | -7.72 | -24.33% | 7.63% | -2.16 |
| BRP | 1.7B | - | 1.45 | -8.85% | 25.21% | 1.53 |
| Crawford & Company | 530.1M | 27.79 | 3.06 | 12.03% | 1.55% | 157.66 |
Financial data is updated regularly. All figures are in the company's reporting currency.






