ModivCare Inc.
MODVQ Healthcare Medical Care Facilities
ModivCare Inc.’s revenue for fiscal 2024 (year ended December 2024) was $2.8 billion, up 1.32% from fiscal 2023. In the quarter to September 2025, revenue fell 3.18%, EPS fell 171.7% and free cash flow fell 3,767.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | |
|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
75.45 | 53.89 | 7.16 | 61.52 | 183.36 | 133.42 | 14.98 | 2.78 | 113.12 |
Receivables |
174.75 | 115.96 | 152.60 | 183.81 | 203.53 | 237.86 | 296.85 | 375.11 | 356.84 |
Total current assets |
288.10 | 296.33 | 210.98 | 256.43 | 419.53 | 409.83 | 346.15 | 404.92 | 495.38 |
Property, Plant, Equpment (Net) |
46.22 | 37.67 | 22.97 | 23.24 | 27.54 | 53.55 | 69.14 | 85.63 | 82.41 |
Long-Term Investments |
161.36 | 169.70 | 161.50 | 130.87 | 137.47 | 83.07 | 41.30 | 41.53 | 31.43 |
Goodwill and Intangible Assets (Total) |
168.75 | 109.38 | 161.36 | 155.13 | 790.58 | 1,415.00 | 1,408.06 | 1,146.49 | 962.57 |
Long Term Assets (Tax, Deferred) |
1.51 | — | 2.60 | — | — | — | — | — | — |
Long-term assets (Other) |
19.34 | 17.18 | 12.84 | 11.62 | 19.87 | 22.22 | 40.21 | 48.93 | 45.95 |
Total non-current assets |
397.18 | 407.76 | 358.67 | 340.95 | 1,006.39 | 1,617.59 | 1,598.12 | 1,362.35 | 1,158.95 |
Total Assets |
685.28 | 704.09 | 569.65 | 597.38 | 1,425.91 | 2,027.43 | 1,944.27 | 1,767.28 | 1,654.33 |
Accounts Payable |
22.18 | 0.32 | 8.83 | 9.81 | 8.46 | 8.69 | 54.96 | 55.24 | 83.07 |
Accrued Expenses |
174.74 | 155.23 | 124.08 | 125.80 | 298.00 | 508.67 | 427.00 | 342.63 | 258.56 |
Current Part of Debt |
1.72 | 2.40 | 0.72 | 0.31 | 8.00 | 10.00 | 10.00 | 113.80 | 274.25 |
Current Revenue (Deferred) |
20.52 | 3.02 | 0.56 | 0.23 | 2.92 | 4.23 | — | — | — |
Other current liabilities |
8.64 | 4.32 | 5.44 | 5.89 | — | — | — | — | — |
Total current liabilities |
227.80 | 226.93 | 142.88 | 150.19 | 317.66 | 527.23 | 491.60 | 520.40 | 624.49 |
Long Term Debt (Total) |
1.89 | 0.58 | 0.35 | 15.00 | 485.98 | 975.23 | 979.36 | 983.76 | 986.44 |
Long Term Tax Liability (Deferred) |
57.97 | 39.23 | 23.05 | 22.91 | 92.20 | 94.61 | 57.24 | 39.58 | 13.56 |
Liabilities (Preferred Stock) |
— | 77.55 | 77.39 | 77.12 | — | — | — | — | — |
Non-current Liabilities (Other) |
22.38 | 16.22 | 14.97 | 15.07 | 95.03 | 22.56 | 29.43 | 33.55 | 35.41 |
Total non-current liabilities |
82.24 | 141.14 | 115.76 | 129.60 | 696.64 | 1,126.92 | 1,098.12 | 1,090.68 | 1,068.31 |
Total liabilities |
310.04 | 368.07 | 258.65 | 279.79 | 1,014.30 | 1,654.16 | 1,589.72 | 1,611.08 | 1,692.81 |
Additional Paid In Capital |
302.01 | 313.96 | 334.74 | 351.53 | 421.32 | 430.45 | 444.26 | 450.95 | 457.41 |
Preferred Stock (Total) |
77.57 | — | — | — | — | — | — | — | — |
Common Stock (Net) |
0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Retained Earnings |
156.72 | 204.82 | 187.13 | 183.73 | 218.41 | 211.83 | 180.02 | (24.44) | (225.71) |
Treasury Stock |
125.20 | 154.80 | 210.89 | 217.69 | 228.14 | 269.03 | 269.74 | 270.33 | 270.19 |
Common Equity (Total) |
297.68 | 336.02 | 311.00 | 317.59 | 411.61 | 373.27 | 354.56 | 156.20 | (38.47) |
Shareholders Equity (Total) |
375.24 | 336.02 | 311.00 | 317.59 | 411.61 | 373.27 | 354.56 | 156.20 | (38.47) |
Shareholders Equity and Liabilities (Total) |
685.28 | 704.09 | 569.65 | 597.38 | 1,425.91 | 2,027.43 | 1,944.27 | 1,767.28 | 1,654.33 |
Shares (Common) |
13.84 | 13.35 | 12.82 | 12.99 | 14.28 | 14.02 | 14.16 | 14.20 | 14.32 |
Shares (Preferred) |
0.80 | 0.80 | 0.80 | 0.80 | — | — | — | 5.57 | 5.56 |
Shareholders Equity (Tangible) |
206.49 | 226.64 | 149.64 | 162.47 | (378.97) | (1,041.73) | (1,053.51) | (990.29) | (1,001.05) |
Net Debt |
(71.84) | (50.90) | (6.09) | (46.21) | 310.62 | 851.80 | 974.39 | 1,094.78 | 1,147.57 |
Total Debt |
3.61 | 2.98 | 1.07 | 15.31 | 493.98 | 985.23 | 989.36 | 1,097.56 | 1,260.69 |