CRAWFORD & CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CRAWFORD & CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,178	1,164	1,123	1,048	1,016	1,139	1,231	1,317	1,341	1,311
Cost of revenue	857	842	808	753	737	847	925	958	973	944
Gross profit	321	322	315	295	279	292	306	359	368	367
Selling, general and administrative	240	240	242	227	219	245	256	287	300	294
Operating income				84.1
Interest expense	9.19	9.06	10.1	10.8	7.92	6.56	10.3	17	16.9	14.7
Interest income	0.75	0.85	1.29	0.75	0.26	0.42	0.66	2.77	3.44	3.29
Other non-operating income	-5.71	1.3	3.01	-3.24	-0.87	3.47	1.56	-8.17	-9.91	-9.64
Pre-tax income	63.2	42.3	44.1	23.6	39.1	43.9	5.05	47.4	41.1	34.6
Income tax	25.6	15	18.5	14.1	12	13.3	23.6	17.1	14.6	14.9
Net income to minority interests	1.71	-0.44	-0.39	-2.96	-1.22	-0.14	-0.23	-0.35	-0.07	0.04
Net income	36	27.7	26	12.5	28.3	30.7	-18.3	30.6	26.6	19.6
EBITDA				125

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	81.6	54	53.1	51.8	44.7	53.2	46	58.4	55.4	64.1
Receivables	154	174	131	128	123	134	141	131	142	116
Other current assets	24	25.5	24.2	23.5	29.5	34.6	28.8	58.2	40.3	41.4
Total current assets	365	370	321	315	302	346	351	369	374	352
Property, plant and equipment	29.6	41.7	34.3	31.4	36.4	33.7	27.8	22.7	20.6	16.6
Lease right-of-use assets			0	102	109	99.4	93.3	88.6	78.8	66.3
Goodwill	91.8	96.9	96.9	80.6	66.5	117	76.6	76.7	76.4	76.6
Intangible assets	86.9	97.1	85	75.1	71.2	97.6	88	81.8	74.5	66.4
Other non-current assets	51.5	67.7	70	70.9	70.9	62.5	51.9	37	42.1	48.5
Total assets	736	788	701	760	753	853	792	799	804	764
Accounts payable	52	49.3	37.8	34.4	41.5	48.5	50.8	45.1	50.6	39.8
Accrued liabilities	74.5	75.9	66.5	68.5	81.8	96	79.3	97.8	101	109
Deferred revenue	37.5	37.8	31	28.3	27.2	32.1	29.3	35.5	36.1	33.8
Short-term debt	0.98	0.57	0.09	0.02	0.27	0.09	0.08	0.09	0.08	0.05
Total current liabilities	230	257	225	236	243	304	279	299	300	310
Long-term debt	187	200	167	148	112	164	212	194	200	151
Lease liabilities			0	87.1	93.2	88.4	84.6	78	66.8	53.5
Other non-current liabilities	28.2	27.6	32	33.4	40.3	43	41.6	38.8	36.7	38
Total liabilities	577	601	526	597	566	641	668	659	648	593
Total debt	186	224	190	177	113	175	239	209	218	189
Paid-in capital	48.1	53.2	58.8	63.4	67.2	74.2	78.2	82.6	87.1	92.3
Retained earnings	262	270	274	250	265	266	213	229	238	234
Other comprehensive income	-212	-196	-216	-207	-199	-180	-215	-219	-217	-202
Shareholders' equity	154	182	171	159	187	212	125	142	157	173
Minority interests	5.38	4.64	4.16	3.25	-0.01	-0.57	-1.17	-1.79	-1.66	-1.66
Total equity	159	187	175	163	187	211	123	140	156	171
Total liabilities and equity	736	788	701	760	753	853	792	799	804	764

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	37.7	27.2	25.6	9.53	27.1	30.5	-18.5	30.3	26.5	19.7
Depreciation and amortization	40.7	41.7	44.1	40.5	40.1	40.2	36.1	35.7	36.2	40
Stock-based compensation	5.25	6.66	6.2	4.11	4.38	7.59	4.92	5.6	5.77	5.19
Deferred income tax	10.5	-2.36	7.95	3.04	-9.01	-2.99	7.4	-12.3	-2.53	-3.33
Change in receivables	2.78	-14.8	7.84	5.92	5.06	-5.48	-15.5	11.7	-10.7	26.4
Change in payables	17.1	-14.7	-8.95	-6.95	31.8	13.5	-5.99	-2.82	6.92	-9.92
Cash from operations	98.9	40.8	52.4	75.2	93.2	54.3	27.6	104	51.6	102
Capital expenditures	-10.4	-19	-14.1	-8.69	-14.2	-9.23	-6.84	-4.89	-6.21	-7.01
Acquisitions	-3.67	-36	-2.5	-2.3	-9.98	-46.4	-26.3	0	0
Cash from investing	-33	-81.9	6.45	-23.4	-27	-70.8	-57.9	-36.6	-41.6	-36.2
Share buybacks	0	-7.42	-10.4	-26.2	-2.67	-19.1	-26.7	-2.73	-3.87	-10.5
Dividends paid	-13.6	-13.7	-13.5	-13.2	-9.65	-12.7	-11.8	-12.7	-13.8	-14.3
Cash from financing	-55.2	10.3	-58.7	-53.4	-74.4	24.7	25.9	-54.7	-12.9	-57.6
Exchange rate effect	-5.24	3.21	-1.02	0.29	1.08	0.88	-2.74	0.39	-0.33	0.2
Net change in cash	5.5	-27.6	-0.89	-1.32	-7.15	9.03	-7.04	12.9	-3.22	8.22
Free cash flow	88.5	21.7	38.4	66.5	79	45.1	20.8	98.9	45.4	94.8
Interest paid	8.45	8.39	10.4	10.5	7.15	5.63	9.5	18.9	19.3	17.4
Income taxes paid	16.2	15.6	8.17	17	12.2	24.9	20.9	16.1	20	17

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $12.50 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	27.8%	Gross profit / revenue.
Pre-tax margin	3.0%	Pre-tax income / revenue.
Net margin	1.8%	Net income / revenue.
FCF margin	7.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	8.0%	Cash from operations / revenue.
Effective tax rate	39.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.1%	Net income / average total assets.
SG&A / revenue	22.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.6%	Capital expenditures / revenue.
D&A / revenue	3.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-2.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-0.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	6.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	5.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-26.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	-7.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	97.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	54.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	1.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	108.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	65.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	3.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	11.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-1.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	0.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.19x	Current assets / current liabilities.
Quick ratio	0.62x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.23x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.81x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.9%	Total debt / total assets.
Liabilities / assets	75.7%	Total liabilities / total assets.
Net debt	$81.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$57.4M	Current assets - current liabilities.
Goodwill and intangibles / assets	18.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$47.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.72x	Revenue / average total assets.
Fixed asset turnover	82.4x	Revenue / average property, plant and equipment.
Receivables turnover	10.9x	Revenue / average receivables.
Days sales outstanding	33 days	365 x average receivables / revenue.
Days payables	17 days	365 x average accounts payable / cost of revenue.
FCF conversion	408.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	7.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Payout ratio	62.6%	Dividends paid / net income, when net income is positive.
Dividends / FCF	15.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	20.3%	Share buybacks / free cash flow, when free cash flow is positive.

What was CRAWFORD & CO's revenue in fiscal 2025?

CRAWFORD & CO reported revenue of $1.31B for fiscal 2025, 2.2% lower than the year before.

Was CRAWFORD & CO profitable in fiscal 2025?

Yes. Net income was $19.6M, a net margin of 1.5%.

How much free cash flow did CRAWFORD & CO generate in fiscal 2025?

Cash from operations of $101.8M minus capital expenditures of $7.0M left free cash flow of $94.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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