ModivCare Inc. (MODV)

ModivCare Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,754	2,788	2,751	2,504	1,997	1,369
Revenue Growth (YoY)	-0.70%	1.32%	9.85%	25.41%	45.90%	-9.36%
Cost of Revenue	2,337	2,367	2,304	2,032	1,584	1,079
Gross Profit	417.15	420.37	446.95	472.32	412.59	289.88
Selling, General & Admin	299.8	298.39	304.56	322.17	271.67	141.66
Operating Expenses	405.68	407.86	408.84	422.59	328.67	167.84
Operating Income	11.47	12.52	38.12	49.73	83.92	122.04
Interest Expense	-114.2	-94.05	-69.12	-61.96	-49.08	-17.6
Earnings From Equity Investments	-10.94	-8.15	0.29	-29.96	-38.25	6.41
EBT Excluding Unusual Items	-113.67	-89.69	-30.72	-42.19	-3.41	110.85
Impairment of Goodwill	-105.3	-105.3	-183.1	-	-	-
Other Unusual Items	-11.8	-11.8	5.04	7.35	5.44	-
Pretax Income	-230.77	-206.78	-208.78	-34.84	2.03	110.85
Income Tax Expense	-1.42	-5.51	-4.32	-3.04	8.62	22.02
Earnings From Continuing Operations	-229.36	-201.28	-204.46	-31.81	-6.59	88.84
Net Income to Company	-229.36	-201.28	-204.46	-31.81	-6.59	88.84
Net Income	-229.36	-201.28	-204.46	-31.81	-6.59	88.84
Preferred Dividends & Other Adjustments	-	-	-	-	-	56.37
Net Income to Common	-229.36	-201.28	-204.46	-31.81	-6.59	32.47
Net Income Growth	-	-	-	-	-	9096.27%
Shares Outstanding (Basic)	14	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14	14
Shares Change (YoY)	0.62%	0.46%	0.80%	0.06%	2.71%	5.59%
EPS (Basic)	-16.07	-14.14	-14.43	-2.26	-0.47	2.39
EPS (Diluted)	-16.08	-14.14	-14.43	-2.26	-0.47	2.37
Free Cash Flow	-121.89	-34.04	-125.26	-43.45	165.52	336.29
Free Cash Flow Per Share	-8.54	-2.39	-8.84	-3.09	11.78	24.58
Gross Margin	15.15%	15.08%	16.25%	18.86%	20.66%	21.18%
Operating Margin	0.42%	0.45%	1.39%	1.99%	4.20%	8.92%
Profit Margin	-8.33%	-7.22%	-7.43%	-1.27%	-0.33%	2.37%
Free Cash Flow Margin	-4.43%	-1.22%	-4.55%	-1.74%	8.29%	24.57%
EBITDA	112.25	116.88	139.49	148.45	140.92	148.22
EBITDA Margin	4.08%	4.19%	5.07%	5.93%	7.06%	10.83%
D&A For EBITDA	100.78	104.37	101.37	98.72	57	26.18
EBIT	11.47	12.52	38.12	49.73	83.92	122.04
EBIT Margin	0.42%	0.45%	1.39%	1.99%	4.20%	8.92%
Effective Tax Rate	-	-	-	-	424.06%	19.86%

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q