What is Modivcare Inc's earnings per share (EPS)?

Modivcare Inc (MODVQ) reported diluted earnings per share of -$14.14 for fiscal year 2024. This represents a 2.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Modivcare Inc Financials

MODVQ

Trailing 12 months to September 30, 2025

Revenue $2.7B -3.4% YoY

Net Income -$450.7M -146.2% YoY

EPS (Diluted) -$31.40 -143.8% YoY

Free Cash Flow -$147.0M -53.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Sep 30, 2025 Reported Dec 29, 2025 Currency USD FYE December

Modivcare Inc (MODVQ) reported $2.7B in revenue over the twelve months to Sep 30, 2025, down 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MODVQ FY2024 2026-08-30

Revenue expansion has not translated into profitability, while margin compression and negative equity increase dependence on financing.

The earnings-to-cash gap is unusually wide: net loss remained near $201M in FY2024 while operating cash flow moved close to breakeven; depreciation of $109M helps explain why cash use was far smaller than accounting loss. Revenue continued expanding while gross margin compressed from 18.9% two years earlier to 15.1% in FY2024, pointing to mix or cost pressure rather than scale benefits.

Equity crossed below zero in FY2024 while long-term debt stayed near $1B, so the debt-to-equity ratio of -25.6x is not a sign of low leverage; it reflects a capital deficit.

Free cash flow was still -$34M in FY2024, because even near-breakeven operations did not cover investment spending. FY2024 financing cash flow was $144M alongside operating cash flow of -$6M, showing that the year's net cash inflow came from financing rather than business operations.

Financial Health Signals

Financial health score not available

Modivcare Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

1.22

Modivcare Inc scores 1.22, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

3/9

Modivcare Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Modivcare Inc reported a net loss of $201.3M while operations used $6.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.8B

YoY+1.3%

5Y CAGR+13.0%

10Y CAGR+9.8%

Modivcare Inc generated $2.8B in revenue in fiscal year 2024. This represents an increase of 1.3% from the prior year.

EBITDA

$16.7M

YoY+146.7%

5Y CAGR-16.7%

10Y CAGR-12.0%

Modivcare Inc's EBITDA was $16.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 146.7% from the prior year.

Net Income

-$201.3M

YoY+1.6%

Modivcare Inc reported -$201.3M in net income in fiscal year 2024. This represents an increase of 1.6% from the prior year.

EPS (Diluted)

-$14.14

YoY+2.0%

Modivcare Inc earned -$14.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$34.0M

YoY+72.8%

Modivcare Inc recorded an outflow of $34.0M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 72.8% from the prior year.

Cash & Debt

$112.6M

YoY+4978.1%

5Y CAGR+12.9%

10Y CAGR-1.8%

Modivcare Inc held $112.6M in cash against $986.4M in long-term debt as of fiscal year 2024.

Shares Outstanding

14M

YoY+1.0%

Modivcare Inc had 14M shares outstanding in fiscal year 2024. This represents an increase of 1.0% from the prior year.

Dividends Per Share

Not reported for fiscal year 2024.

Margins & Returns

Gross Margin

15.1%

YoY-1.2pp

5Y CAGR+7.9pp

Modivcare Inc's gross margin was 15.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

-3.3%

YoY+1.8pp

5Y CAGR-5.0pp

10Y CAGR-7.3pp

Modivcare Inc's operating margin was -3.3% in fiscal year 2024, reflecting core business profitability. This is up 1.8 percentage points from the prior year.

Net Margin

-7.2%

YoY+0.2pp

5Y CAGR-7.3pp

10Y CAGR-9.1pp

Modivcare Inc's net profit margin was -7.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2024.

Capital Allocation

Capital Expenditures

$27.6M

YoY-34.7%

5Y CAGR+20.5%

10Y CAGR+1.7%

Modivcare Inc invested $27.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 34.7% from the prior year.

R&D Spending

Not reported for fiscal year 2024.

Share Buybacks

Not reported for fiscal year 2024.

MODVQ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MODVQ quarterly income statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Revenue	$2.7B	$2.8B+1.3%	$2.8B+9.9%	$2.5B+25.4%	$2.0B+45.9%	$1.4B-9.4%	$1.5B+9.0%	$1.4B-14.7%	$1.6B+2.9%	$1.6B+6.8%	$1.5B+35.2%	$1.1B+36.8%	$798.8M-27.8%	$1.1B+17.3%	$943.0M+7.2%	$879.7M
Cost of Revenue	$2.3B	$2.4B+2.7%	$2.3B+13.4%	$2.0B+28.3%	$1.6B+46.9%	$1.1B-23.0%	$1.4B+11.8%	$1.3B+4.7%	$1.2B+5.8%	$1.1B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$387.3M	$420.4M-5.9%	$447.0M-5.4%	$472.3M+14.5%	$412.6M+42.3%	$289.9M+166.5%	$108.8M-17.2%	$131.4M-69.2%	$426.7M-4.4%	$446.3M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$307.8M	$298.4M-2.0%	$304.6M-5.5%	$322.2M+18.6%	$271.7M+91.8%	$141.7M+110.7%	$67.2M-12.8%	$77.1M+10.3%	$69.9M+76.9%	$39.5M-44.3%	$71.0M+61.0%	$44.1M+72.3%	$25.6M-52.1%	$53.4M+9.3%	$48.9M+5.2%	$46.5M
Operating Income	-$280.7M	-$92.8M+33.7%	-$139.9M-345.2%	$57.1M-36.1%	$89.4M-26.8%	$122.0M+393.5%	$24.7M+1.9%	$24.3M-35.2%	$37.5M-22.2%	$48.2M+2472.5%	$1.9M-95.6%	$43.0M+58.2%	$27.2M+12.3%	$24.2M-33.9%	$36.6M-36.1%	$57.3M
Interest Expense	N/A	N/A	-$69.1M-11.6%	-$62.0M-26.2%	-$49.1M-178.9%	-$17.6M-1970.5%	-$850K+52.3%	-$1.8M-48.1%	-$1.2M+20.5%	-$1.5M+18.2%	-$1.9M+81.9%	-$10.2M-245.3%	$7.0M-7.9%	$7.6M-25.1%	$10.2M-37.3%	$16.3M
Income Tax	-$7.3M	-$5.5M-27.5%	-$4.3M-42.3%	-$3.0M-135.2%	$8.6M-60.9%	$22.0M+220.9%	$6.9M+46.5%	$4.7M+17.0%	$4.0M-77.7%	$18.0M+23.2%	$14.6M+75.9%	$8.3M+25.1%	$6.6M-19.3%	$8.2M-17.4%	$9.9M-43.7%	$17.7M
Net Income	-$450.7M	-$201.3M+1.6%	-$204.5M-542.8%	-$31.8M-383.0%	-$6.6M-107.4%	$88.8M+9096.3%	$966K+105.1%	-$19.0M-135.6%	$53.4M-41.9%	$91.9M+9.8%	$83.7M+312.8%	$20.3M+4.3%	$19.4M+129.2%	$8.5M-49.9%	$16.9M-28.3%	$23.6M
EPS (Diluted)	-$31.40	-$14.14+2.0%	-$14.43-538.5%	-$2.26-380.9%	-$0.47	$2.37+1011.5%	-$0.26+86.6%	-$1.94	$3.12-40.1%	$5.21+22.3%	$4.26+215.6%	$1.35-4.3%	$1.41+120.3%	$0.64-49.6%	$1.27-28.7%	$1.78

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$679.7M+3.1%	$659.6M+1.4%	$650.7M-7.4%	$702.8M+0.1%	$702.0M+0.5%	$698.3M+2.0%	$684.5M-2.6%	$702.8M
Cost of Revenue	$584.1M+2.4%	$570.6M+3.2%	$553.0M-7.5%	$597.6M-0.1%	$597.9M+1.7%	$588.1M+0.8%	$583.6M-0.3%	$585.5M
Gross Profit	$95.6M+7.5%	$88.9M-9.0%	$97.7M-7.1%	$105.2M+1.0%	$104.1M-5.5%	$110.2M+9.2%	$100.9M-14.0%	$117.3M
SG&A Expenses	$84.4M+19.5%	$70.6M-10.2%	$78.6M+5.8%	$74.2M+4.7%	$70.9M-6.8%	$76.1M-1.4%	$77.2M+2.3%	$75.5M
Operating Income	-$12.1M+95.5%	-$268.5M-5944.2%	-$4.4M-204.1%	$4.3M-18.9%	$5.3M+105.3%	-$98.9M-2813.7%	-$3.4M-121.7%	$15.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	-$18.7M-1.8%	-$18.4M
Income Tax	-$7.5M-9975.0%	$76K-97.9%	$3.5M+202.8%	-$3.5M+68.8%	-$11.1M-215.8%	$9.6M+1860.2%	-$543K-1362.8%	$43K
Net Income	-$73.1M+75.9%	-$303.7M-502.8%	-$50.4M-114.5%	-$23.5M+11.7%	-$26.6M+79.4%	-$128.9M-478.0%	-$22.3M-324.6%	-$5.3M
EPS (Diluted)	-$5.08+76.0%	-$21.16-501.1%	-$3.52-114.6%	-$1.64+12.3%	-$1.87+79.4%	-$9.07-477.7%	-$1.57-324.3%	-$0.37

Not reported in any period shown, so not listed: R&D Expenses.

MODVQ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MODVQ quarterly balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Total Assets	$1.7B-6.4%	$1.8B-9.1%	$1.9B-4.1%	$2.0B+42.2%	$1.4B+138.7%	$597.4M+4.9%	$569.6M-19.1%	$704.1M+2.7%	$685.3M-34.7%	$1.1B-10.2%	$1.2B+175.2%	$424.8M+8.4%	$391.7M+3.3%	$379.1M-2.0%	$386.9M
Current Assets	$495.4M+22.3%	$404.9M+17.0%	$346.2M-15.5%	$409.8M-2.3%	$419.5M+63.6%	$256.4M+21.5%	$211.0M-28.8%	$296.3M+2.9%	$288.1M-9.9%	$319.7M-14.7%	$374.6M+77.0%	$211.7M+20.1%	$176.2M+11.5%	$158.1M-7.9%	$171.6M
Cash & Equivalents	$112.6M+4978.1%	$2.2M-84.7%	$14.5M-89.1%	$133.1M-27.4%	$183.3M+198.7%	$61.4M+980.8%	$5.7M-89.2%	$52.8M-26.9%	$72.3M-9.4%	$79.8M-41.0%	$135.3M+36.6%	$99.0M+77.2%	$55.9M+29.4%	$43.2M-29.5%	$61.3M
Inventory	N/A	N/A	$2.0M+40.0%	$1.5M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$222.3M-0.1%	$222.5M-0.3%	$223.2M-4.3%	$233.1M+17.8%	$197.9M+9.7%	$180.4M+22.1%	$147.8M+34.1%	$110.2M-32.0%	$162.1M+3.3%	$156.9M+45.9%	$107.6M+21.8%	$88.3M-10.5%	$98.6M+13.2%	$87.2M+14.5%	$76.1M
Goodwill	$680.3M-13.4%	$785.6M-18.9%	$968.7M+4.7%	$924.8M+107.9%	$444.9M+229.0%	$135.2M0.0%	$135.2M+42.0%	$95.2M-20.4%	$119.6M-8.0%	$130.0M-1.4%	$131.8M+33.0%	$99.1M-13.0%	$113.9M+0.2%	$113.7M0.0%	$113.8M
Total Liabilities	$1.7B+5.1%	$1.6B+1.3%	$1.6B-3.9%	$1.7B+63.1%	$1.0B+400.5%	$202.7M+11.8%	$181.3M-37.6%	$290.5M-6.3%	$310.0M-54.6%	$682.5M-28.0%	$947.5M+245.7%	$274.1M+0.4%	$273.1M+1.1%	$270.0M-9.4%	$298.2M
Current Liabilities	$624.5M+20.0%	$520.4M+5.9%	$491.6M-6.8%	$527.2M+66.0%	$317.7M+111.5%	$150.2M+5.1%	$142.9M-37.0%	$226.9M-0.4%	$227.8M-22.9%	$295.3M-13.0%	$339.5M+95.0%	$174.1M+31.2%	$132.6M+24.1%	$106.9M-6.0%	$113.7M
Long-Term Debt	$986.4M+0.3%	$983.8M+0.4%	$979.4M+0.4%	$975.2M+100.7%	$486.0M	$0-100.0%	$353K-39.6%	$584K-69.1%	$1.9M-99.3%	$268.7M-44.5%	$484.5M+543.9%	$75.3M-35.1%	$116.0M-17.4%	$140.5M-14.4%	$164.2M
Total Equity	-$38.5M-124.6%	$156.2M-55.9%	$354.6M-5.0%	$373.3M-9.3%	$411.6M+29.6%	$317.6M+2.1%	$311.0M-8.0%	$338.2M+12.7%	$300.1M+3.3%	$290.6M+31.3%	$221.4M+54.1%	$143.7M+28.6%	$111.7M+9.5%	$102.1M+24.8%	$81.8M
Retained Earnings	-$225.7M-823.7%	-$24.4M-113.6%	$180.0M-15.0%	$211.8M-3.0%	$218.4M+18.9%	$183.7M-1.8%	$187.1M-8.6%	$204.8M+30.7%	$156.7M+126.4%	$69.2M+617.8%	-$13.4M+60.3%	-$33.6M+36.6%	-$53.1M+13.8%	-$61.6M+21.6%	-$78.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.4B+0.9%	$1.4B-16.1%	$1.7B+1.4%	$1.7B+0.2%	$1.7B-1.5%	$1.7B-5.0%	$1.8B-0.2%	$1.8B
Current Assets	$587.3M+6.0%	$554.0M+3.9%	$533.4M+7.7%	$495.4M+6.9%	$463.4M+1.5%	$456.7M+13.0%	$404.0M-0.2%	$404.9M
Cash & Equivalents	$78.2M+2.4%	$76.4M-34.1%	$116.0M+3.0%	$112.6M+132.9%	$48.3M+358.3%	$10.5M+2.0%	$10.3M+366.4%	$2.2M
Accounts Receivable	$279.1M+7.7%	$259.1M+8.2%	$239.5M+7.7%	$222.3M-10.6%	$248.7M+8.3%	$229.6M+7.3%	$214.1M-3.8%	$222.5M
Goodwill	$416.9M0.0%	$416.9M-38.7%	$680.3M0.0%	$680.3M0.0%	$680.3M0.0%	$680.3M-13.4%	$785.6M0.0%	$785.6M
Total Liabilities	$1.9B+4.7%	$1.8B+1.9%	$1.8B+4.3%	$1.7B+1.4%	$1.7B+0.1%	$1.7B+2.4%	$1.6B+1.1%	$1.6B
Current Liabilities	$357.7M-48.0%	$688.3M+3.1%	$667.7M+6.9%	$624.5M+7.4%	$581.5M+2.3%	$568.6M+5.4%	$539.3M+3.6%	$520.4M
Long-Term Debt	$0-100.0%	$1.0B+1.5%	$1.0B+3.1%	$986.4M0.0%	$986.1M0.0%	$986.1M+0.1%	$984.9M+0.1%	$983.8M
Total Equity	-$464.1M-18.5%	-$391.6M-346.9%	-$87.6M-127.8%	-$38.5M-126.4%	-$17.0M-278.6%	$9.5M-93.0%	$135.8M-13.0%	$156.2M
Retained Earnings	-$652.9M-12.6%	-$579.8M-110.0%	-$276.1M-22.3%	-$225.7M-11.6%	-$202.2M-15.1%	-$175.6M-275.8%	-$46.7M-91.3%	-$24.4M

Not reported in any period shown, so not listed: Inventory.

MODVQ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MODVQ quarterly cash flow statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Operating Cash Flow	-$124.7M	-$6.4M+92.3%	-$83.0M-694.6%	-$10.4M-105.6%	$186.8M-46.4%	$348.4M+471.8%	$60.9M+671.5%	$7.9M-85.6%	$55.0M+31.8%	$41.8M+159.5%	$16.1M-70.8%	$55.2M-0.1%	$55.2M+30.0%	$42.5M+36.9%	$31.0M-29.5%	$44.0M
Capital Expenditures	$22.2M	$27.6M-34.7%	$42.3M+28.1%	$33.0M+54.8%	$21.3M+75.4%	$12.2M+11.9%	$10.9M-38.0%	$17.5M-12.1%	$19.9M-51.7%	$41.2M+17.5%	$35.1M+50.9%	$23.2M+128.2%	$10.2M+6.9%	$9.5M-15.8%	$11.3M+10.1%	$10.3M
Free Cash Flow	-$147.0M	-$34.0M+72.8%	-$125.3M-188.3%	-$43.4M-126.2%	$165.5M-50.8%	$336.3M+571.5%	$50.1M+620.5%	-$9.6M-127.4%	$35.1M+6297.3%	$549K+102.9%	-$19.0M-159.4%	$32.0M-29.1%	$45.1M+36.7%	$33.0M+67.1%	$19.7M-41.6%	$33.8M
Investing Cash Flow	-$22.2M	-$27.6M+34.7%	-$42.3M+62.2%	-$111.8M+83.7%	-$685.6M-8.0%	-$635.0M-5748.3%	-$10.9M+76.0%	-$45.3M-545.6%	-$7.0M-102.2%	$318.0M+121.9%	$143.3M+132.3%	-$443.4M-3102.7%	-$13.8M-108.6%	-$6.6M+54.6%	-$14.6M-15.2%	-$12.7M
Financing Cash Flow	$189.8M	$144.4M+27.7%	$113.1M+2869.2%	$3.8M-99.2%	$448.9M+9.9%	$408.3M+52710.8%	-$776K+98.5%	-$51.6M-52.6%	-$33.8M+91.0%	-$376.8M-61.0%	-$234.1M-151.7%	$453.1M+21991.5%	$2.1M+108.8%	-$23.2M+32.7%	-$34.5M-60.7%	-$21.4M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$40.0M+292.6%	$10.2M+49.9%	$6.8M-87.9%	$56.1M+91.0%	$29.4M-58.3%	$70.4M+91.0%	$36.8M+6930.2%	$524K-4.2%	$547K-85.0%	$3.7M+7072.5%	$51K	$0

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$50.5M-127.3%	-$22.2M+72.9%	-$82.1M-373.2%	$30.0M+224.0%	$9.3M+116.8%	-$55.3M-678.3%	$9.6M+137.3%	-$25.6M
Capital Expenditures	$6.2M-7.0%	$6.6M+63.7%	$4.1M-24.1%	$5.3M-30.8%	$7.7M+15.4%	$6.7M-14.8%	$7.9M-29.5%	$11.1M
Free Cash Flow	-$56.7M-96.3%	-$28.9M+66.5%	-$86.2M-448.9%	$24.7M+1498.4%	$1.5M+102.5%	-$62.0M-3737.5%	$1.7M+104.6%	-$36.8M
Investing Cash Flow	-$6.2M+7.0%	-$6.6M-63.7%	-$4.1M+24.1%	-$5.3M+30.8%	-$7.7M-15.4%	-$6.7M+14.8%	-$7.9M+29.5%	-$11.1M
Financing Cash Flow	$58.6M+4703.5%	-$1.3M-101.4%	$93.0M+135.1%	$39.5M+9.0%	$36.3M-41.7%	$62.2M+874.9%	$6.4M-79.4%	$31.0M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

MODVQ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MODVQ quarterly financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Gross Margin	15.1%-1.2pp	16.3%-2.6pp	18.9%-1.8pp	20.7%-0.5pp	21.2%+14.0pp	7.2%-2.3pp	9.5%-16.8pp	26.3%-2.0pp	28.3%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-3.3%+1.8pp	-5.1%-7.4pp	2.3%-2.2pp	4.5%-4.4pp	8.9%+7.3pp	1.6%-0.1pp	1.8%-0.6pp	2.3%-0.7pp	3.0%+2.9pp	0.1%-3.8pp	3.9%+0.5pp	3.4%+1.2pp	2.2%-1.7pp	3.9%-2.6pp	6.5%
Net Margin	-7.2%+0.2pp	-7.4%-6.2pp	-1.3%-0.9pp	-0.3%-6.8pp	6.5%+6.4pp	0.1%+1.4pp	-1.4%-4.7pp	3.3%-2.5pp	5.8%+0.2pp	5.7%+3.8pp	1.9%-0.6pp	2.4%+1.7pp	0.8%-1.0pp	1.8%-0.9pp	2.7%
Return on Equity	N/A	-130.9%-121.9pp	-9.0%-7.2pp	-1.8%-23.3pp	21.6%+21.3pp	0.3%+6.4pp	-6.1%-21.9pp	15.8%-14.9pp	30.6%+1.8pp	28.8%+19.6pp	9.2%-4.4pp	13.5%+5.9pp	7.6%-9.0pp	16.6%-12.3pp	28.9%
Return on Assets	-12.2%-0.6pp	-11.6%-9.9pp	-1.6%-1.3pp	-0.3%-6.6pp	6.2%+6.1pp	0.2%+3.5pp	-3.3%-10.9pp	7.6%-5.8pp	13.4%+5.4pp	8.0%+6.2pp	1.7%-2.9pp	4.6%+2.4pp	2.2%-2.3pp	4.5%-1.6pp	6.1%
Current Ratio	0.790.0x	0.78+0.1x	0.70-0.1x	0.78-0.5x	1.32-0.4x	1.71+0.2x	1.48+0.2x	1.310.0x	1.26+0.2x	1.080.0x	1.10-0.1x	1.22-0.1x	1.33-0.2x	1.480.0x	1.51
Debt-to-Equity	N/A	6.30+3.5x	2.76+0.1x	2.61+1.4x	1.18+1.2x	0.000.0x	0.000.0x	0.000.0x	0.01-0.9x	0.92-1.3x	2.19+1.7x	0.52-0.5x	1.04-0.3x	1.38-0.6x	2.01
FCF Margin	-1.2%+3.3pp	-4.5%-2.8pp	-1.7%-10.0pp	8.3%-16.3pp	24.6%+21.3pp	3.3%+4.0pp	-0.7%-2.9pp	2.2%+2.1pp	0.0%+1.3pp	-1.3%-4.2pp	2.9%-2.7pp	5.6%+2.7pp	3.0%+0.9pp	2.1%-1.7pp	3.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	14.1%+0.6pp	13.5%-1.5pp	15.0%0.0pp	15.0%+0.1pp	14.8%-1.0pp	15.8%+1.0pp	14.7%-2.0pp	16.7%
Operating Margin	-1.8%+38.9pp	-40.7%-40.0pp	-0.7%-1.3pp	0.6%-0.1pp	0.8%+14.9pp	-14.2%-13.7pp	-0.5%-2.7pp	2.2%
Net Margin	-10.8%+35.3pp	-46.0%-38.3pp	-7.7%-4.4pp	-3.3%+0.5pp	-3.8%+14.7pp	-18.5%-15.2pp	-3.3%-2.5pp	-0.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-1354.5%-1338.1pp	-16.4%-13.1pp	-3.4%
Return on Assets	-5.1%+16.4pp	-21.6%-18.6pp	-3.0%-1.6pp	-1.4%+0.2pp	-1.6%+6.1pp	-7.7%-6.4pp	-1.3%-1.0pp	-0.3%
Current Ratio	1.64+0.8x	0.800.0x	0.800.0x	0.790.0x	0.800.0x	0.80+0.1x	0.750.0x	0.78
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	103.63+96.4x	7.25+1.0x	6.30
FCF Margin	-8.3%-4.0pp	-4.4%+8.9pp	-13.2%-16.8pp	3.5%+3.3pp	0.2%+9.1pp	-8.9%-9.1pp	0.3%+5.5pp	-5.2%

Note: Shareholder equity is negative (-$38.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where Modivcare Inc Ranks

Frequently Asked Questions

What is Modivcare Inc's annual revenue?

Modivcare Inc (MODVQ) reported $2.8B in total revenue for fiscal year 2024. This represents a 1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Modivcare Inc's revenue growing?

Modivcare Inc (MODVQ) revenue grew by 1.3% year-over-year, from $2.8B to $2.8B in fiscal year 2024.

Is Modivcare Inc profitable?

No, Modivcare Inc (MODVQ) reported a net income of -$201.3M in fiscal year 2024, with a net profit margin of -7.2%.

What is Modivcare Inc's EBITDA?

Modivcare Inc (MODVQ) had EBITDA of $16.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Modivcare Inc have?

As of fiscal year 2024, Modivcare Inc (MODVQ) had $112.6M in cash and equivalents against $986.4M in long-term debt.

What is Modivcare Inc's gross margin?

Modivcare Inc (MODVQ) had a gross margin of 15.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Modivcare Inc's operating margin?

Modivcare Inc (MODVQ) had an operating margin of -3.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Modivcare Inc's net profit margin?

Modivcare Inc (MODVQ) had a net profit margin of -7.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Modivcare Inc's free cash flow?

Modivcare Inc (MODVQ) recorded an outflow of $34.0M in free cash flow during fiscal year 2024. This represents a 72.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Modivcare Inc's operating cash flow?

Modivcare Inc (MODVQ) recorded an outflow of $6.4M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are Modivcare Inc's total assets?

Modivcare Inc (MODVQ) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Modivcare Inc's capital expenditures?

Modivcare Inc (MODVQ) invested $27.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Modivcare Inc have outstanding?

Modivcare Inc (MODVQ) had 14M shares outstanding as of fiscal year 2024.

What is Modivcare Inc's current ratio?

Modivcare Inc (MODVQ) had a current ratio of 0.79 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Modivcare Inc's return on assets (ROA)?

Modivcare Inc (MODVQ) had a return on assets of -12.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Modivcare Inc's debt-to-equity ratio negative or not reported?

Modivcare Inc (MODVQ) has negative shareholder equity of -$38.5M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Modivcare Inc's Altman Z-Score?

Modivcare Inc (MODVQ) has an Altman Z-Score of 1.22, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Modivcare Inc's Piotroski F-Score?

Modivcare Inc (MODVQ) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Modivcare Inc's earnings high quality?

Modivcare Inc (MODVQ) reported a net loss of $201.3M while operations used $6.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.