NYSE : CRD.B
Crawford & Company — Financial statements
Financials · Insurance Brokers · United States
Last price 11.79 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 573.06M
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Financial statements
Crawford & Company (CRD.B) reported revenue of 1.26B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.26B | 1.27B | 1.29B | 1.27B | 1.19B | 1.10B |
| Cost of Revenue | 899.87M | 898.63M | 924.96M | 908.06M | 883.13M | 810.23M |
| Gross Profit | 361.78M | 367.09M | 367.55M | 359.07M | 306.35M | 291.80M |
| Selling, General & Admin | 298.05M | 306.39M | 310.67M | 295.27M | 251.33M | 241.38M |
| Operating Expenses | 298.05M | 306.39M | 310.67M | 295.27M | 251.33M | 241.38M |
| Operating Income | 63.74M | 60.70M | 56.88M | 63.80M | 55.02M | 50.42M |
| Interest Expense | -15.56M | -17.97M | -20.30M | -19.81M | -10.97M | -6.98M |
| Interest & Investment Income | 3.17M | 3.29M | 3.44M | 2.77M | 655.00K | 424.00K |
| Other Non Operating Income (Expenses) | 594.00K | 62.00K | ||||
| EBT Excluding Unusual Items | 51.35M | 46.01M | 40.01M | 47.36M | 44.77M | 43.86M |
| Merger & Restructuring Charges | -14.00M | -14.00M | ||||
| Impairment of Goodwill | -36.81M | |||||
| Gain (Loss) on Sale of Assets | -1.28M | |||||
| Other Unusual Items | 2.58M | 2.58M | 1.10M | -2.92M | ||
| Pretax Income | 38.66M | 34.60M | 41.11M | 47.36M | 5.05M | 43.86M |
| Income Tax Expense | 15.21M | 14.92M | 14.58M | 17.10M | 23.58M | 13.32M |
| Earnings From Continuing Operations | 23.45M | 19.68M | 26.53M | 30.26M | -18.53M | 30.55M |
| Minority Interest in Earnings | 72.00K | -42.00K | 67.00K | 349.00K | 227.00K | 144.00K |
| Net Income | 23.52M | 19.63M | 26.60M | 30.61M | -18.30M | 30.69M |
| Net Income to Common | 23.52M | 19.63M | 26.60M | 30.61M | -18.30M | 30.69M |
| Shares Outstanding (Basic) | 49.03M | 49.37M | 49.12M | 48.84M | 49.31M | 53.00M |
| Shares Outstanding (Diluted) | 49.55M | 49.90M | 49.74M | 49.59M | 49.31M | 53.98M |
| EPS (Basic) | 0.48 | 0.40 | 0.54 | 0.63 | -0.37 | 0.58 |
| EPS (Diluted) | 0.47 | 0.39 | 0.53 | 0.62 | -0.37 | 0.57 |
| Free Cash Flow | 96.09M | 94.83M | 45.41M | 98.90M | 20.80M | 45.10M |
| Free Cash Flow Per Share | 1.94 | 1.90 | 0.91 | 1.99 | 0.42 | 0.83 |
| Dividend Per Share | 0.30 | 0.29 | 0.28 | 0.26 | 0.24 | 0.24 |
| Gross Margin | 28.68% | 29.00% | 28.44% | 28.34% | 25.75% | 26.48% |
| Operating Margin | 5.05% | 4.80% | 4.40% | 5.04% | 4.63% | 4.58% |
| Profit Margin | 1.86% | 1.55% | 2.06% | 2.42% | -1.54% | 2.79% |
| Free Cash Flow Margin | 7.62% | 7.49% | 3.51% | 7.80% | 1.75% | 4.09% |
| EBITDA | 79.81M | 77.15M | 73.25M | 81.59M | 74.80M | 73.93M |
| EBITDA Margin | 6.33% | 6.09% | 5.67% | 6.44% | 6.29% | 6.71% |
| D&A For EBITDA | 16.08M | 16.45M | 16.38M | 17.79M | 19.78M | 23.51M |
| EBIT | 63.74M | 60.70M | 56.88M | 63.80M | 55.02M | 50.42M |
| EBIT Margin | 5.05% | 4.80% | 4.40% | 5.04% | 4.63% | 4.58% |
| Effective Tax Rate | 39.34% | 43.13% | 35.47% | 36.10% | 467.26% | 30.36% |
| Revenue as Reported | 1.30B | 1.31B | 1.34B | 1.32B | 1.23B | 1.14B |
| Advertising Expenses | 2.43M | 2.13M | 2.14M | 1.94M | 877.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 69.42M | 64.08M | 55.41M | 58.36M | 46.01M | 53.23M |
| Cash & Short-Term Investments | 69.42M | 64.08M | 55.41M | 58.36M | 46.01M | 53.23M |
| Accounts Receivable | 259.80M | 242.62M | 273.14M | 247.97M | 267.38M | 253.18M |
| Other Receivables | 3.73M | 4.35M | 5.34M | 4.84M | 9.10M | 4.94M |
| Receivables | 263.53M | 246.97M | 278.48M | 252.81M | 276.48M | 258.12M |
| Prepaid Expenses | 25.45M | 40.90M | 39.42M | 56.99M | 28.14M | 32.91M |
| Restricted Cash | 4.39M | 467.00K | 917.00K | 1.18M | 638.00K | 461.00K |
| Other Current Assets | 1.21M | |||||
| Total Current Assets | 362.79M | 352.41M | 374.23M | 369.35M | 351.27M | 345.92M |
| Property, Plant & Equipment | 75.52M | 82.97M | 99.36M | 111.36M | 121.14M | 133.09M |
| Goodwill | 76.43M | 76.57M | 76.37M | 76.72M | 76.62M | 116.53M |
| Other Intangible Assets | 173.65M | 179.16M | 186.40M | 178.56M | 171.01M | 173.37M |
| Long-Term Deferred Tax Assets | 23.55M | 24.68M | 25.30M | 26.25M | 19.57M | 21.27M |
| Other Long-Term Assets | 46.32M | 48.50M | 42.09M | 36.97M | 51.89M | 62.46M |
| Total Assets | 758.25M | 764.30M | 803.75M | 799.20M | 791.51M | 852.64M |
| Accounts Payable | 44.38M | 39.77M | 50.60M | 45.11M | 50.85M | 48.47M |
| Accrued Expenses | 146.98M | 165.94M | 167.29M | 173.35M | 148.19M | 186.12M |
| Short-Term Debt | 47.50M | 38.45M | 17.74M | 14.73M | 26.97M | |
| Current Portion of Long-Term Debt | 10.62M | |||||
| Current Portion of Leases | 27.69M | 27.70M | 24.62M | 24.44M | 22.99M | 25.33M |
| Current Income Taxes Payable | 3.43M | 3.87M | 3.34M | 6.13M | 1.21M | 1.20M |
| Current Unearned Revenue | 35.10M | 33.83M | 36.13M | 35.54M | 29.28M | 32.12M |
| Other Current Liabilities | 279.00K | |||||
| Total Current Liabilities | 305.36M | 309.57M | 299.73M | 299.29M | 279.49M | 303.86M |
| Long-Term Debt | 150.58M | 150.55M | 200.24M | 194.27M | 211.64M | 163.98M |
| Long-Term Leases | 44.90M | 53.58M | 66.89M | 78.09M | 84.80M | 88.75M |
| Long-Term Unearned Revenue | 24.54M | 23.26M | 23.56M | 24.87M | 24.74M | 23.79M |
| Pension & Post-Retirement Benefits | 16.29M | 19.61M | 22.80M | 25.86M | 28.01M | 20.52M |
| Long-Term Deferred Tax Liabilities | 4.38M | 5.54M | 5.17M | 7.96M | 4.64M | |
| Other Long-Term Liabilities | 32.06M | 31.92M | 29.45M | 31.81M | 31.50M | 35.72M |
| Total Liabilities | 573.73M | 592.87M | 648.20M | 659.37M | 668.13M | 641.24M |
| Common Stock | 48.53M | 48.87M | 49.27M | 49.08M | 48.61M | 51.81M |
| Additional Paid-In Capital | 92.48M | 92.25M | 87.12M | 82.59M | 78.16M | 74.23M |
| Retained Earnings | 236.57M | 233.71M | 237.95M | 228.56M | 213.09M | 266.37M |
| Comprehensive Income & Other | -191.18M | -201.74M | -217.12M | -218.62M | -215.32M | -180.44M |
| Total Common Equity | 186.40M | 173.09M | 157.21M | 141.62M | 124.54M | 211.97M |
| Minority Interest | -1.89M | -1.66M | -1.66M | -1.79M | -1.17M | -568.00K |
| Shareholders' Equity | 184.52M | 171.43M | 155.55M | 139.83M | 123.38M | 211.40M |
| Total Liabilities & Equity | 758.25M | 764.30M | 803.75M | 799.20M | 791.51M | 852.64M |
| Total Debt | 270.67M | 270.27M | 309.49M | 311.53M | 346.40M | 288.67M |
| Net Cash (Debt) | -201.25M | -206.19M | -254.08M | -253.16M | -300.39M | -235.44M |
| Net Cash Per Share | -4.06 | -4.13 | -5.11 | -5.10 | -6.09 | -4.36 |
| Filing Date Shares Outstanding | 48.61M | 48.67M | 49.36M | 49.18M | 48.76M | 51.90M |
| Total Common Shares Outstanding | 48.53M | 48.87M | 49.27M | 49.08M | 48.61M | 51.81M |
| Working Capital | 57.43M | 42.84M | 74.50M | 70.05M | 71.78M | 42.06M |
| Book Value Per Share | 3.84 | 3.54 | 3.19 | 2.89 | 2.56 | 4.09 |
| Tangible Book Value | -63.68M | -82.64M | -105.56M | -113.66M | -123.09M | -77.93M |
| Tangible Book Value Per Share | -1.31 | -1.69 | -2.14 | -2.32 | -2.53 | -1.50 |
| Machinery | 61.03M | 63.95M | 72.86M | 75.93M | 81.53M | |
| Leasehold Improvements | 27.35M | 30.36M | 30.66M | 29.60M | 32.05M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 23.52M | 19.63M | 26.60M | 30.61M | -18.30M | 30.69M |
| Depreciation & Amortization | 16.08M | 16.45M | 16.38M | 17.79M | 19.78M | 23.51M |
| Other Amortization | 23.59M | 23.59M | 19.82M | 17.95M | 16.32M | 16.67M |
| Loss (Gain) From Sale of Assets | 3.00M | 2.72M | 102.00K | 646.00K | -1.49M | 104.00K |
| Asset Writedown & Restructuring Costs | 2.29M | 36.81M | ||||
| Stock-Based Compensation | 3.63M | 5.19M | 5.77M | 5.60M | 4.92M | 7.58M |
| Other Operating Activities | -3.49M | -2.75M | -3.70M | -8.60M | 10.09M | -3.14M |
| Change in Accounts Receivable | 15.85M | 31.72M | -24.43M | 23.54M | -34.86M | -15.45M |
| Change in Accounts Payable | -10.69M | -9.92M | 6.92M | -2.82M | -5.99M | 13.47M |
| Change in Unearned Revenue | -1.96M | -2.95M | -1.44M | 5.91M | -397.00K | 3.56M |
| Change in Income Taxes | 4.86M | 1.34M | -2.14M | 13.06M | -7.44M | -7.23M |
| Change in Other Net Operating Assets | 27.22M | 16.83M | 7.76M | 97.00K | 8.19M | -15.45M |
| Operating Cash Flow | 103.91M | 101.85M | 51.62M | 103.79M | 27.63M | 54.32M |
| Capital Expenditures | -7.82M | -7.01M | -6.21M | -4.89M | -6.84M | -9.22M |
| Sale of Property, Plant & Equipment | 3.03M | |||||
| Cash Acquisitions | -26.31M | -46.40M | ||||
| Divestitures | 7.61M | 2.05M | ||||
| Sale (Purchase) of Intangibles | -27.48M | -31.54M | -35.44M | -31.71M | -27.76M | -21.73M |
| Other Investing Activities | 85.00K | 295.00K | 6.53M | |||
| Investing Cash Flow | -27.61M | -36.21M | -41.65M | -36.60M | -57.88M | -70.83M |
| Short-Term Debt Issued | 54.72M | 70.20M | 37.58M | 106.48M | 113.31M | |
| Total Debt Issued | 29.03M | 54.72M | 70.20M | 37.58M | 106.48M | 113.31M |
| Short-Term Debt Repaid | -84.45M | -61.58M | -69.07M | -39.02M | -52.31M | |
| Long-Term Debt Repaid | -90.00K | -240.00K | -60.00K | -59.00K | -432.00K | |
| Total Debt Repaid | -56.46M | -84.54M | -61.82M | -69.13M | -39.08M | -52.74M |
| Net Debt Issued (Repaid) | -27.43M | -29.82M | 8.38M | -31.55M | 67.40M | 60.57M |
| Issuance of Common Stock | 2.04M | 2.04M | 1.89M | 1.54M | 821.00K | 1.65M |
| Repurchase of Common Stock | -22.79M | -12.04M | -5.93M | -4.68M | -27.45M | -20.55M |
| Common Dividends Paid | -14.72M | -14.33M | -13.76M | -12.70M | -11.84M | -12.66M |
| Other Financing Activities | 1.75M | -3.47M | -3.45M | -7.29M | -2.98M | -4.36M |
| Financing Cash Flow | -61.15M | -57.62M | -12.86M | -54.68M | 25.94M | 24.66M |
| Foreign Exchange Rate Adjustments | -252.00K | 198.00K | -326.00K | 386.00K | -2.74M | 881.00K |
| Net Cash Flow | 14.89M | 8.22M | -3.22M | 12.90M | -7.04M | 9.03M |
| Free Cash Flow | 96.09M | 94.83M | 45.41M | 98.90M | 20.80M | 45.10M |
| Free Cash Flow Margin | 7.62% | 7.49% | 3.51% | 7.80% | 1.75% | 4.09% |
| Free Cash Flow Per Share | 1.94 | 1.90 | 0.91 | 1.99 | 0.42 | 0.83 |
| Levered Free Cash Flow | 57.90M | 49.93M | 12.58M | 57.12M | -16.99M | 68.31M |
| Unlevered Free Cash Flow | 67.62M | 61.16M | 25.27M | 69.50M | -10.14M | 72.68M |
| Cash Interest Paid | 14.82M | 17.39M | 19.32M | 18.91M | 5.63M | |
| Cash Income Tax Paid | 13.67M | 16.96M | 19.99M | 16.05M | 20.87M | 24.94M |
| Change in Working Capital | 35.28M | 37.01M | -13.34M | 39.79M | -40.49M | -21.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 573.06M | 543.48M | 567.90M | 642.35M | 264.17M | 385.22M |
| Enterprise Value | 774.31M | 778.63M | 847.67M | 915.11M | 596.81M | 603.57M |
| Last Close Price | 11.79 | 10.50 | 11.08 | 12.12 | 4.76 | 6.47 |
| PE Ratio | 24.84 | 27.68 | 21.35 | 20.99 | 12.55 | |
| Forward PE | 11.07 | 9.74 | 11.52 | 11.28 | 6.81 | 8.86 |
| PS Ratio | 0.45 | 0.43 | 0.44 | 0.51 | 0.22 | 0.35 |
| PB Ratio | 3.07 | 3.17 | 3.65 | 4.59 | 2.14 | 1.82 |
| P/FCF Ratio | 5.96 | 5.73 | 12.51 | 6.50 | 12.70 | 8.54 |
| P/OCF Ratio | 5.52 | 5.34 | 11.00 | 6.19 | 9.56 | 7.09 |
| PEG Ratio | 0.68 | 0.68 | 0.68 | 0.57 | 0.74 | |
| EV/Sales Ratio | 0.61 | 0.61 | 0.66 | 0.72 | 0.50 | 0.55 |
| EV/EBITDA Ratio | 9.70 | 10.09 | 11.57 | 11.22 | 7.98 | 8.16 |
| EV/EBIT Ratio | 12.15 | 12.83 | 14.90 | 14.34 | 10.85 | 11.97 |
| EV/FCF Ratio | 8.06 | 8.21 | 18.67 | 9.25 | 28.70 | 13.38 |
| Debt / Equity Ratio | 1.47 | 1.58 | 1.99 | 2.23 | 2.81 | 1.37 |
| Debt / EBITDA Ratio | 2.37 | 2.39 | 2.79 | 2.58 | 3.01 | 2.54 |
| Debt / FCF Ratio | 2.82 | 2.85 | 6.82 | 3.15 | 16.66 | 6.40 |
| Net Debt / Equity Ratio | 1.09 | 1.20 | 1.63 | 1.81 | 2.44 | 1.11 |
| Net Debt / EBITDA Ratio | 2.52 | 2.67 | 3.47 | 3.10 | 4.02 | 3.19 |
| Net Debt / FCF Ratio | 2.09 | 2.17 | 5.59 | 2.56 | 14.45 | 5.22 |
| Asset Turnover | 1.62 | 1.61 | 1.61 | 1.59 | 1.45 | 1.37 |
| Quick Ratio | 1.09 | 1.00 | 1.11 | 1.04 | 1.15 | 1.02 |
| Current Ratio | 1.19 | 1.14 | 1.25 | 1.23 | 1.26 | 1.14 |
| Return on Equity (ROE) | 13.03% | 12.04% | 17.96% | 22.99% | -11.07% | 15.34% |
| Return on Assets (ROA) | 5.12% | 4.84% | 4.44% | 5.01% | 4.18% | 3.93% |
| Return on Invested Capital (ROIC) | 9.95% | 8.77% | 9.14% | 9.98% | -46.42% | 8.48% |
| Return on Capital Employed (ROCE) | 14.10% | 13.30% | 11.30% | 12.80% | 10.70% | 9.20% |
| Earnings Yield | 4.03% | 3.61% | 4.68% | 4.76% | -6.93% | 7.97% |
| FCF Yield | 16.77% | 17.45% | 8.00% | 15.40% | 7.87% | 11.71% |
| Dividend Yield | 2.71% | 2.61% | 2.43% | 1.99% | 4.42% | 3.23% |
| Payout Ratio | 67.42% | 72.97% | 51.72% | 41.49% | 41.26% | |
| Buyback Yield / Dilution | 0.57% | -0.34% | -0.28% | -0.58% | 8.65% | -1.12% |
| Total Shareholder Return | 3.28% | 2.27% | 2.15% | 1.41% | 13.07% | 2.11% |