Crawford & Company A (CRD.A) AI Stock Analysis

• Market Cap: $466.81M
• Dividend Yield: 2.47%
• Average Volume (3M): 56.86K
• Price to Earnings (P/E): 28.4
• Beta (1Y): 1.13
• Revenue Growth: 4.39%
• EPS Growth: 61.61%
• Country: US
• Employees: 9,134
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Brokers
• EPS (TTM): 0.15
• Shares Outstanding: 29,688,044
• 10 Day Avg. Volume: 59,347
• 30 Day Avg. Volume: 56,858
• PEG Ratio: -1.10
• Price to Book (P/B): 3.22
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 6.01
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 0.52
• Enterprise Value/Gross Profit: 2.10
• Enterprise Value/Ebitda: 7.31
• 1Y Price Target: $14.00
• Price Target Upside: 46.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.05
• Revenue Forecast (FY): $1.34B

• Rating: 58 Neutral
• Price Target: $11.50 ▲(20.55% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score reflects mixed financial performance—thin and volatile earnings with elevated leverage—partly offset by stronger recent cash flow. Technicals are neutral-to-slightly positive with the stock above key moving averages but limited momentum confirmation. Valuation is reasonable with a mid-range P/E and a moderate dividend yield.

Positive Factors

Global leadership & diversified services

A broad, global service platform (loss adjusting, TPA, managed repair and risk services) gives durable scale and cross-border client relationships. That breadth supports stable demand across insurance cycles, enables cross-sell and operational leverage versus smaller regional competitors.

Improving cash generation

Consistent positive operating cash flow, and a marked rebound in 2025, enhances financial flexibility. Strong cash generation supports reinvestment, working capital, dividends or debt paydown, lowering refinancing risk and allowing management to fund structural initiatives without immediate reliance on capital markets.

Long-term partnerships and contract revenues

Established relationships and recurring contracts with insurers create predictable revenue streams and higher client retention. Long-term agreements reduce volatility, create switching costs, and enable multi-year planning and incremental services sales, supporting durable revenue visibility and margins.

Negative Factors

Elevated leverage

A roughly 2x debt-to-equity profile limits balance-sheet flexibility and increases sensitivity to interest rates or cash-flow disruptions. High leverage reduces room for strategic investment or M&A, heightens refinancing risk, and amplifies the impact of earnings volatility on solvency metrics over the medium term.

Thin, volatile profitability

Low and inconsistent margins mean small revenue or cost swings translate into large EPS volatility. This weak pricing/scale leverage constrains retained earnings accumulation, limits ability to self-fund growth, and raises the chance that adverse underwriting or macro shocks materially depress returns.

Stagnant revenue trend

Flat to slightly declining top-line growth points to limited organic expansion or mounting competitive pressure. Absent sustained revenue growth, margin expansion or successful M&A, the business must rely on cost actions or capital deployment to improve returns, restricting long-term earnings upside.

Crawford & Company A Business Overview & Revenue Model

Company Description

Crawford & Company provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. The company's Crawford Loss Adjusting provides claims management services to insurance companies and self-insured entities risk including property, public liability, automobile, and marine insurances. Its Crawford TPA Solutions segment provides claims and risk management services for corporations in the self-insured or commercially-insured marketplace; desktop claim adjusting and claims evaluation services; initial loss reporting services for claimants; and loss mitigation and risk management information services, as well as administers loss funds established to pay claims. This segment also offers third party administration for workers' compensation, auto and liability, disability absence and medical management, and accident and health products. The company's Crawford Platform Solutions segment offers insurance through service lines, such as Contractor Connection and Networks, including losses caused by natural disasters, such as fires, hailstorms, hurricanes, earthquakes, floods, as well as man-made disasters, such as oil spills, and chemical releases. It also provides customer-centric solutions for various loss types comprising high-frequency and low-complexity claims to large complex repairs; and outsourced contractor management services to personal and commercial insurance carriers and consumer markets. The company was founded in 1941 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

Crawford & Company generates revenue primarily through its claims management services, which encompass loss adjusting and third-party administration fees charged to insurance companies and corporate clients. The company earns money by providing expert assessment and management of insurance claims, often receiving a percentage of the claim value or a flat fee per case. Additional revenue streams include consulting services, risk management, and technology solutions that enhance the claims process. Significant partnerships with major insurance firms and corporations further bolster its revenue, as these relationships often lead to long-term contracts and consistent business. The company's diverse service offerings and geographic reach contribute to its financial stability and growth.

Crawford & Company A Financial Statement Overview

Summary

Financials are mixed: revenue has been relatively flat with a small decline in 2025, profitability is positive most years but thin and volatile (including a loss in 2022), and leverage is elevated (debt-to-equity roughly ~2x in 2023–2024). Offsetting risks, operating cash flow has been consistently positive with a strong rebound in 2025, supporting flexibility.

Income Statement

Revenue has been relatively flat over the cycle with a small decline in 2025 after modest growth in 2023–2024. Profitability is positive most years, but margins are thin for the industry and earnings have been volatile (including a loss in 2022 and lower net margin in 2025 vs. 2023–2024). Overall, the business shows resilience, but limited pricing/scale leverage is evident in the low and fluctuating profit profile.

Balance Sheet

Leverage is a key constraint: debt has remained sizable while equity is comparatively modest, driving elevated debt-to-equity in recent years (roughly ~2x in 2023–2024, up from ~1.3x in 2020–2021). Return on equity was strong in 2023–2024 but swung negative in 2022, highlighting sensitivity to earnings volatility. The balance sheet is workable, but the capital structure leaves less room for operating missteps.

Cash Flow

Cash generation is a relative strength: operating cash flow has been positive each year shown and improved sharply in 2025, with free cash flow also rebounding meaningfully versus 2024 and 2022 (when it was negative). However, cash flow has been uneven (notably weak free cash flow in 2024), and cash conversion has fluctuated year to year. Still, the latest period shows strong cash momentum that supports flexibility.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.31B	1.34B	1.32B	1.23B	1.14B
Gross Profit	321.90M	367.55M	359.07M	306.35M	291.80M
EBITDA	92.62M	97.61M	102.91M	52.11M	91.02M
Net Income	19.63M	26.60M	30.61M	-18.30M	30.69M
Balance Sheet
Total Assets	764.30M	803.75M	799.20M	791.51M	852.64M
Cash, Cash Equivalents and Short-Term Investments	64.08M	55.41M	58.36M	46.01M	53.23M
Total Debt	270.27M	309.49M	311.53M	346.40M	288.67M
Total Liabilities	592.87M	648.20M	659.37M	668.13M	641.24M
Stockholders Equity	173.09M	157.21M	141.62M	124.54M	211.97M
Cash Flow
Free Cash Flow	92.81M	9.97M	67.19M	-6.96M	23.37M
Operating Cash Flow	101.85M	51.62M	103.79M	27.63M	54.32M
Investing Cash Flow	-36.21M	-41.65M	-36.60M	-57.88M	-70.83M
Financing Cash Flow	-57.62M	-12.86M	-54.68M	25.94M	24.66M

Crawford & Company A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRD.A, the sentiment is Negative. The current price of 9.54 is below the 20-day moving average (MA) of 10.38, below the 50-day MA of 10.60, and below the 200-day MA of 10.59, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 32.60 is Neutral, neither overbought nor oversold. The STOCH value of 10.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRD.A.

Crawford & Company A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CRD.A	58 Neutral	$466.81M	28.40	11.25%	2.47%	4.39%	61.61%
CRD.B	56 Neutral	$466.81M	28.40	11.25%	2.47%	4.39%	61.61%
SLQT	56 Neutral	$118.13M	0.95	13.52%	―	13.16%	―
EHTH	55 Neutral	$49.72M	3.50	4.33%	―	16.79%	―
GOCO	44 Neutral	$26.55M	-0.09	-142.05%	―	7.56%	-344.04%

Crawford & Company A Corporate Events

Crawford & Company A Reports Mixed 2025 Financial Performance

Crawford & Company reported on March 2, 2026 that its fourth-quarter 2025 revenues before reimbursements fell 11% year-on-year to $308.5 million, resulting in a net loss of $7.2 million after a prior-year profit, while full-year 2025 revenues dipped 2% to $1.27 billion and GAAP net income declined to $19.6 million. Despite softer top-line performance driven largely by reduced weather-related claims activity versus the hurricane-affected 2024 period, the group posted record annual revenues in its Broadspire and International Operations units, improved adjusted operating earnings and EBITDA, and benefited from margin expansion supported by cost discipline, segment diversification, and a post-quarter reorganization into U.S. and International divisions aimed at sharpening client focus and execution.

North America Loss Adjusting and Platform Solutions both saw revenue pressure in 2025 due to fewer severe storms and lower claims and staff augmentation volumes, though North America Loss Adjusting still expanded its operating margin on better utilization. International Operations delivered record full-year revenues of $438.2 million and higher margins on growth in the U.K., Europe, and Asia, while Broadspire achieved a new annual revenue high of $401.9 million and strengthened profitability on new client programs, increased medical management usage, and lower administrative costs, leaving the company with what management described as a strong balance sheet and solid liquidity going into 2026.

The most recent analyst rating on ($CRD.A) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crawford & Company A stock, see the CRD.A Stock Forecast page.

Crawford & Company adopts new global operating structure

On January 21, 2026, Crawford & Company announced that, effective January 1, 2026, it adopted a new global operating structure built around two divisions, U.S. Operations and International Operations, to simplify its organization and sharpen its client-centric focus. As part of this shift, the company promoted Mike Hoberman to CEO of U.S. Operations, moved Canada into International Operations under International CEO Andrew Bart, and appointed Pat Van Bakel as chief commercial & strategy officer, while elevating U.S. leaders Paul Kottler, Lance Malcolm and Jeffrey Sickles to head key domestic business lines—changes aimed at clarifying accountability, speeding decision-making and strengthening Crawford’s competitive position and growth prospects in its largest market and globally.

The most recent analyst rating on ($CRD.A) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crawford & Company A stock, see the CRD.A Stock Forecast page.

Crawford & Company Appoints New CEO for U.S. Operations

On January 14, 2026, Crawford & Company entered into a new executive employment agreement with Michael J. Hoberman in connection with his promotion to CEO – US Operations, effective January 1, 2026. The agreement outlines a compensation package including a $475,000 annual base salary beginning in 2026, a target annual bonus equal to 57.5% of base salary under the Short Term Incentive Plan, long-term incentive awards targeted at $550,000 for 2026, and a sales incentive payment equal to 0.5% of quarterly billed U.S. service fees for the first 24 months of each sale, signaling a strong performance- and growth-oriented focus for the company’s U.S. leadership structure.

The most recent analyst rating on ($CRD.A) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crawford & Company A stock, see the CRD.A Stock Forecast page.

Crawford & Company Amends Credit Agreement with Bank of America

On December 2, 2025, Crawford & Company and its subsidiaries amended their Credit Agreement with Bank of America, increasing their credit facility to $500 million. This amendment involves replacing the prior UK borrower, releasing it from obligations, and setting new borrowing sublimits for UK, Canadian, and Australian subsidiaries, with the facility maturing in 2030. The agreement includes financial covenants requiring compliance with leverage and interest coverage ratios, with potential default consequences if not met.

The most recent analyst rating on ($CRD.A) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Crawford & Company A stock, see the CRD.A Stock Forecast page.