CRAWFORD & CO CRD-A
Headquartered in Atlanta, Georgia, and founded in 1941, the Company is the world's largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations with an expansive global network serving clients in more than 70 countries. For the year ended December 31, 2025, the Company reported total revenues before reimbursements of $1.266 billion.
Shares of the Company's two classes of common stock are traded on the New York Stock Exchange ("NYSE") under the symbols CRD-A and CRD-B. The Company's two classes of stock are substantially identical, except with respect to voting rights for the Class B Common Stock (CRD-B), and protections for the non-voting Class A Common Stock (CRD-A). More information is available on the Company's website www.crawco.com. The information contained on, or hyperlinked from, the Company's website is not a part of, and is not incorporated by reference into, this report.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.34B | $1.32B | $1.23B | $1.14B | $1.02B | $1.05B | $1.12B | $1.16B | $1.18B |
| Cost of revenue | $943.7M | $973.4M | $957.8M | $924.9M | $847.4M | $737.3M | $752.8M | $808.0M | $842.2M | $850.1M |
| Gross profit | $367.1M | $367.5M | $359.1M | $306.4M | $291.8M | $278.9M | $294.9M | $315.0M | $321.5M | $327.5M |
| SG&A | $294.2M | $299.7M | $286.5M | $255.8M | $244.8M | $219.0M | $227.2M | $242.4M | $239.8M | $239.9M |
| Total operating expenses | $1.27B | $1.29B | $1.26B | $1.23B | $1.10B | $976.2M | $1.02B | $1.08B | $1.12B | $1.11B |
| Operating income | — | — | — | — | — | — | $84.1M | — | — | — |
| Interest expense | $14.7M | $16.9M | $17.0M | $10.3M | $6.6M | $7.9M | $10.8M | $10.1M | $9.1M | $9.2M |
| Pre-tax income | $34.6M | $41.1M | $47.4M | $5.0M | $43.9M | $39.1M | $23.6M | $44.1M | $42.3M | $63.2M |
| Income tax | $14.9M | $14.6M | $17.1M | $23.6M | $13.3M | $12.0M | $14.1M | $18.5M | $15.0M | $25.6M |
| Net income | $19.7M | $26.5M | $30.6M | -$18.3M | $30.7M | $28.3M | $12.5M | $26.0M | $27.7M | $36.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.1M | $55.4M | $58.4M | $46.6M | $53.7M | $44.7M | $51.8M | $53.1M | $54.0M | $81.6M |
| Receivables | $115.7M | $142.1M | $131.4M | $141.1M | $134.5M | $123.1M | $128.2M | $131.1M | $174.2M | $153.6M |
| Total current assets | $352.4M | $374.2M | $369.3M | $351.3M | $345.9M | $302.0M | $315.2M | $320.8M | $370.4M | $364.7M |
| Property, plant and equipment | $16.6M | $20.6M | $22.7M | $27.8M | $33.7M | $36.4M | $31.4M | $34.3M | $41.7M | $29.6M |
| Goodwill | $76.6M | $76.4M | $76.7M | $76.6M | $116.5M | $66.5M | $80.6M | $96.9M | $96.9M | $91.8M |
| Other intangibles | $66.4M | $74.5M | $81.8M | $88.0M | $97.6M | $71.2M | $75.1M | $85.0M | $97.1M | $86.9M |
| Total assets | $764.3M | $803.8M | $799.2M | $791.5M | $852.6M | $753.0M | $760.0M | $701.4M | $787.9M | $735.9M |
| Accounts payable | $39.8M | $50.6M | $45.1M | $50.8M | $48.5M | $41.5M | $34.4M | $37.8M | $49.3M | $52.0M |
| Short-term debt | $38.5M | $17.8M | $14.8M | $27.0M | $10.7M | $1.8M | $28.5M | $23.2M | $24.6M | $30.0K |
| Total current liabilities | $309.6M | $299.7M | $299.3M | $279.5M | $303.9M | $242.8M | $236.3M | $225.3M | $256.6M | $230.3M |
| Long-term debt | $189.0M | $218.0M | $209.0M | $238.6M | $174.6M | $112.9M | $176.9M | $190.3M | $224.3M | $186.2M |
| Retained earnings | $233.7M | $237.9M | $228.6M | $213.1M | $266.4M | $265.2M | $249.6M | $273.6M | $269.7M | $261.6M |
| Total equity | $173.1M | $157.2M | $139.8M | $123.4M | $211.4M | $186.9M | $162.6M | $175.4M | $187.0M | $159.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $101.8M | $51.6M | $103.8M | $27.6M | $54.3M | $93.2M | $75.2M | $52.4M | $40.8M | $98.9M |
| Depreciation and amortisation | $40.0M | $36.2M | $35.7M | $36.1M | $40.2M | $40.1M | $40.5M | $44.1M | $41.7M | $40.7M |
| Stock-based compensation | $5.2M | $5.8M | $5.6M | $4.9M | $7.6M | $4.4M | $4.1M | $6.2M | $6.7M | $5.3M |
| Capital expenditure | $7.0M | $6.2M | $4.9M | $6.8M | $9.2M | $14.2M | $8.7M | $14.1M | $19.0M | $10.4M |
| Investing cash flow | -$36.2M | -$41.6M | -$36.6M | -$57.9M | -$70.8M | -$27.0M | -$23.4M | $6.4M | -$81.9M | -$33.0M |
| Financing cash flow | -$57.6M | -$12.9M | -$54.7M | $25.9M | $24.7M | -$74.4M | -$53.4M | -$58.7M | $10.3M | -$55.2M |
| Dividends paid | $14.3M | $13.8M | $12.7M | $11.8M | $12.7M | $9.6M | $13.2M | $13.5M | $13.7M | $13.6M |
| Buybacks | $10.5M | $3.9M | $2.7M | $26.7M | $19.1M | $2.7M | $26.2M | $10.4M | $7.4M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041532.
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