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CRD-A

Crawford & Company

CRD-A

Crawford & Company • NYSE
$11.18 ▼ -1.15% (-0.13)
Market Cap $550.33 M
52w High $12.49
52w Low $8.63
Dividend Yield 0.29%
P/E 17.2
Volume 31.41K
Outstanding Shares 49.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $322.171M ▼ $71.802M ▼ $12.408M ▲ 3.851% ▲ $0.25 ▲ $32.074M ▲
Q2-2025 $334.595M ▲ $80.75M ▲ $7.782M ▲ 2.326% ▲ $0.16 ▲ $28.133M ▲
Q1-2025 $323.339M ▼ $74.587M ▲ $6.684M ▲ 2.067% ▲ $0.14 ▲ $22.811M ▼
Q4-2024 $358.318M ▲ $71.087M ▼ $5.722M ▼ 1.597% ▼ $0.12 ▼ $24.037M ▼
Q3-2024 $342.726M $74.016M $9.453M 2.758% $0.19 $29.044M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $68.767M ▲ $799.839M ▲ $614.16M ▼ $187.316M ▲
Q2-2025 $58.919M ▲ $799.365M ▲ $624.024M ▼ $176.889M ▲
Q1-2025 $57.367M ▲ $792.259M ▼ $633.236M ▼ $160.588M ▲
Q4-2024 $55.412M ▲ $803.755M ▲ $648.204M ▲ $157.21M ▼
Q3-2024 $52.34M $800.794M $641.604M $160.927M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.408M ▲ $30.632M ▼ $-6.967M ▲ $-12.729M ▲ $10.196M ▲ $29.268M ▼
Q2-2025 $7.782M ▲ $35.006M ▲ $-9.165M ▼ $-26.095M ▼ $898K ▼ $33.599M ▲
Q1-2025 $6.74M ▲ $-13.923M ▼ $-9.113M ▲ $25.017M ▲ $1.692M ▲ $-23.246M ▼
Q4-2024 $5.861M ▼ $40.526M ▲ $-12.202M ▼ $-26.171M ▼ $1.646M ▼ $28.324M ▲
Q3-2024 $9.453M $19.346M $-10.996M $-2.346M $6.34M $17.772M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Reimbursements
Reimbursements
 $40.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Service
Service
 $960.00M ▲$310.00M ▼$320.00M ▲$320.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Crawford shows a pattern of steady, moderate revenue growth over the past five years, suggesting a resilient business in a fairly mature niche. Profitability has been consistent but not high, with operating earnings holding in a relatively narrow range. The one clear blemish is a loss in 2022, but results bounced back to modest profitability afterward. Overall, this looks like a business that grinds out slow, stable growth rather than one delivering rapid expansion or very high margins.

Balance Sheet

Balance Sheet The balance sheet appears solid but conservative. Total assets have stayed broadly flat, signaling a stable, established operation rather than aggressive expansion. Debt is meaningful but not extreme, and it has leveled off in recent years while equity has gradually rebuilt after a dip in 2022. That combination points to a business that seems to be slowly strengthening its financial base and reducing risk, though it remains somewhat leveraged.

Cash Flow

Cash Flow Cash generation is generally positive but a bit uneven from year to year. Most periods show the company producing more cash than it spends on investments, which is healthy, but there are occasional weaker years when free cash flow tightens or turns slightly negative. Capital spending is fairly steady and moderate, implying ongoing but disciplined investment in the business rather than big, risky projects.

Competitive Edge

Competitive Edge Crawford’s competitive position benefits from its global reach, diversified client base, and specialized claims expertise. Its recurring, fee-based model provides stability, and its long track record and experienced adjusters create a trust advantage versus newer entrants. At the same time, the company operates in a competitive space with both traditional peers and technology-driven newcomers, so maintaining its edge will depend on continuing to execute well on service quality, technology, and acquisitions.

Innovation and R&D

Innovation and R&D While not a classic “R&D-heavy” firm, Crawford is clearly leaning into innovation. It is embedding AI, automation, drones, virtual inspections, and advanced analytics throughout the claims process, and it is building or acquiring platforms that deepen its digital ecosystem. The company is also experimenting with insurtech and technology-enabled outsourcing services. The opportunity is to improve efficiency and client experience; the risk is execution—ensuring these tools integrate smoothly and actually deliver the promised value.

Summary

Overall, Crawford & Company looks like a steady, moderately profitable service business that has grown slowly but consistently over the past five years, aside from a one-year setback in 2022. Its financial footing is reasonably sound, with manageable debt, rebuilding equity, and generally positive cash flow. Strategically, the firm is trying to evolve from a traditional claims handler into a more technology-enabled, data-driven partner for insurers. The key issues to watch are its ability to translate these technology investments into higher margins and more resilient cash flow, and to stay ahead of both established competitors and nimble insurtech players.

NEWS

November 21, 2025 · 8:15 AM UTC

Crawford & Company® Announces Leadership Transition; Appoints W. Bruce Swain, Jr. Interim President & CEO

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November 3, 2025 · 4:15 PM UTC

Crawford & Company Reports 2025 Third Quarter Results

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November 3, 2025 · 12:00 PM UTC

Crawford & Company Board Declares Quarterly Dividends and Authorizes Additional Share Repurchase

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October 21, 2025 · 8:30 AM UTC

Crawford & Company® Announces Third Quarter 2025 Earnings Conference Call

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