CorVel Corporation (CRVL) vs Independent Bank Corp. (INDB)

A side-by-side comparison of CorVel Corporation and Independent Bank Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — CRVL vs INDB

growth of $100 · dividends reinvested · last 10y
CRVL +539.2% (+20.4%/yr)INDB +102.0% (+7.3%/yr)CRVL compounded faster over this window
2004006008001kStart $10020182020202220242026$639$202
CRVL INDB

CRVL vs INDB: by the numbers

  • •CRVL is the larger company ($3.86B vs $3.84B market cap).
  • •INDB trades at the lower trailing earnings multiple (14.35 vs 33.67 P/E), one valuation lens rather than an overall verdict.
  • •INDB converts more revenue to profit (21.64% vs 11.72% net margin).
  • •INDB grew revenue faster over the past five years (20.53% vs 11.31% CAGR).
  • •INDB pays a dividend (3.15% yield), while CRVL has no payments in the available dividend history.

Metrics side by side

Valuation

MetricCRVLINDB
P/E ratio33.6714.35
Forward P/EN/A11.09
PEG ratioN/A3.50
P/S ratio3.933.06
P/B ratio9.451.09
EV / EBITDA19.77N/A
FCF yield2.95%N/A

Profitability

MetricCRVLINDB
Gross margin23.90%N/A
Operating margin15.37%22.66%
Net margin11.72%21.64%
ROE28.21%7.73%
ROIC26.84%N/A

Independent Bank Corp.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

MetricCRVLINDB
Dividend yieldN/A3.15%
Payout ratioN/A45.31%

Growth (annualized)

MetricCRVLINDB
Revenue CAGR (5Y)11.31%20.53%
EPS CAGR (5Y)-2.97%4.10%
FCF CAGR (5Y)9.19%N/A
Total return CAGR (5Y)5.16%4.05%

Frequently asked

Which has the lower trailing P/E, CRVL or INDB?
INDB has the lower trailing P/E: CRVL trades at 33.67 and INDB at 14.35. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CRVL or INDB?
Over the past five years, INDB grew revenue faster — CRVL at a 11.31% CAGR versus INDB at 20.53%.
Does CRVL or INDB pay a bigger dividend?
INDB pays a dividend (3.15% yield), while CRVL has no payments in the available dividend history.
Is CRVL or INDB more profitable?
INDB runs the higher net margin — CRVL at 11.72% versus INDB at 21.64%.
How have CRVL and INDB total returns compared?
Over the past 10 years, CRVL delivered 20.02% and INDB delivered 7.05% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.