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

• Market Cap: $522.30M
• Dividend Yield: 2.47%
• Average Volume (3M): 4.97K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.09
• 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: 19,118,702
• 10 Day Avg. Volume: 4,431
• 30 Day Avg. Volume: 4,969
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 2.06
• Enterprise Value/Ebitda: 7.24
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.09
• Revenue Forecast (FY): $1.36B

• Rating: 56 Neutral
• Price Target: $10.50 ▼(-3.49% Downside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is driven primarily by mixed financial performance: thin and uneven profitability alongside elevated leverage, partially offset by a strong 2025 cash flow rebound. Technical indicators are a headwind with bearish momentum and price below key moving averages. Valuation is a modest positive given a reasonable P/E and a ~2.74% dividend yield.

Positive Factors

Improving Cash Generation

A strong rebound in operating cash flow and a sharp improvement in free cash flow in 2025 provide durable liquidity and funding flexibility. That cash generation supports reinvestment in operations, discretionary deleveraging or sustaining client services through loss cycles, strengthening the company’s operational resilience.

Durable Service Business Model

The company’s fee-based claims adjusting, third-party administration, and disaster recovery services create recurring, contract-driven revenue across insurers and corporations. This diversified, service-led model benefits from structural demand in insurance claims and risk management, offering durable revenue visibility and customer stickiness.

Stable Revenue Base

Consistent revenue levels, despite uneven growth, indicate a resilient core client base and diversified service lines. Stability reduces reliance on one-time events, supports predictable staffing and network costs, and underpins longer-term planning for technology investment and scale efficiencies in claims operations.

Negative Factors

Elevated Leverage

Sustained high debt versus equity raises refinancing and interest-rate exposure and limits strategic flexibility. In a claims-driven business with episodic loss volatility, leverage amplifies downside risk, constrains capital allocation for tech or M&A, and can force conservative cash use when adverse cycles occur.

Thin, Uneven Profitability

Modest net margins and an historical loss demonstrate limited margin cushion against higher claims or rising operating costs. Persistent thin profitability reduces internal funding for growth and makes returns to shareholders and reinvestment more contingent on cost control and favorable claims patterns.

Volatile Cash Flow and Earnings

Swinging free cash flow across years complicates planning for capex, technology upgrades and dividend sustainability. This volatility increases execution risk: management may face trade-offs among debt reduction, client investment and shareholder returns during weaker periods, limiting consistent long-term initiatives.

Crawford & Company B 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 service offerings in claims management and related areas. The company earns money by charging fees for its claims adjusting services, which involve investigating, evaluating, and settling insurance claims on behalf of insurers. Additionally, Crawford provides third-party administration services, where it manages claims processes for clients, earning administrative fees. The company also benefits from partnerships with insurance companies and corporations, which can provide a steady stream of business. Furthermore, Crawford's involvement in specialized services, such as disaster recovery and risk management consulting, contributes to its revenue streams, allowing it to capitalize on various market needs and trends.

Crawford & Company B Financial Statement Overview

Summary

Mixed fundamentals: revenue has been relatively stable but with uneven growth and thin profitability (including a loss in 2022 and softer/unclear operating profitability in 2025). Balance sheet leverage is elevated versus equity, increasing financial risk. Offsetting this, operating cash flow and free cash flow improved sharply in 2025, supporting near-term flexibility but with notable year-to-year volatility.

Income Statement

Revenue has been relatively stable over the last several years but with inconsistent growth (strong in 2021–2023, modest in 2024, and a decline in 2025). Profitability is thin: net margins were low-positive in 2020–2021 and 2023–2025, but the company posted a loss in 2022. Operating profitability also appears to have softened recently, with 2025 showing missing/zero operating profit fields alongside a lower net margin versus 2024, pointing to weaker earnings quality and/or reporting gaps. Overall, the income statement reflects modest scale with uneven momentum and limited margin cushion.

Balance Sheet

Leverage is a key constraint. Debt was high relative to equity in 2022–2024 (roughly ~2.0x to ~2.8x), indicating a balance sheet that relies meaningfully on borrowing. Equity has improved since 2022, but remains modest versus the debt load. Returns to shareholders were strong in 2021 and 2023–2024, but the 2022 loss shows the balance sheet can be pressured during weaker earnings periods. 2025 leverage and return figures are shown as zero, which limits visibility, but the broader trend still suggests above-average financial risk for the industry.

Cash Flow

Cash generation is the brighter spot. Operating cash flow has generally been positive and, importantly, rebounded strongly in 2023 and surged in 2025. Free cash flow was negative in 2022 and very weak in 2024, but improved sharply in 2025, indicating better cash conversion and/or working-capital tailwinds. The cash flow profile is therefore volatile year-to-year, but the most recent period shows strong liquidity support relative to reported earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.34B	1.31B	1.34B	1.32B	1.23B	1.14B
Gross Profit	377.11M	0.00	367.55M	359.07M	306.35M	291.80M
EBITDA	107.05M	0.00	97.61M	102.91M	52.11M	91.02M
Net Income	32.60M	19.63M	26.60M	30.61M	-18.30M	30.69M
Balance Sheet
Total Assets	799.84M	764.30M	803.75M	799.20M	791.51M	852.64M
Cash, Cash Equivalents and Short-Term Investments	68.77M	64.08M	55.41M	58.36M	46.01M	53.23M
Total Debt	305.56M	270.27M	309.49M	311.53M	346.40M	288.67M
Total Liabilities	614.16M	592.87M	648.20M	659.37M	668.13M	641.24M
Stockholders Equity	187.32M	171.43M	157.21M	141.62M	124.54M	211.97M
Cash Flow
Free Cash Flow	67.94M	101.85M	9.97M	67.19M	-6.96M	23.37M
Operating Cash Flow	92.24M	101.85M	51.62M	103.79M	27.63M	54.32M
Investing Cash Flow	-37.45M	-36.21M	-41.65M	-36.60M	-57.88M	-70.83M
Financing Cash Flow	-39.98M	-57.62M	-12.86M	-54.68M	25.94M	24.66M

Crawford & Company B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRD.B, the sentiment is Negative. The current price of 10.88 is above the 20-day moving average (MA) of 10.31, above the 50-day MA of 10.44, and above the 200-day MA of 10.12, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 42.53 is Neutral, neither overbought nor oversold. The STOCH value of 39.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRD.B.

Crawford & Company B 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	$522.30M	16.49	18.72%	2.47%	4.39%	61.61%
CRD.B	56 Neutral	$522.30M	15.23	18.72%	2.47%	4.39%	61.61%
SLQT	55 Neutral	$152.09M	-13.10	16.44%	―	13.16%	―
EHTH	52 Neutral	$38.53M	-2.70	4.22%	―	16.79%	―
GOCO	44 Neutral	$21.73M	-0.08	-142.05%	―	7.56%	-344.04%
TIRX	43 Neutral	$4.72M	-0.01	-11.18%	―	624.24%	85.46%