ModivCare (MODV) Revenue & Revenue Breakdown

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ModivCare Revenue Highlights

Latest Revenue (Y)

$2.75B

Latest Revenue (Q)

$702.04M

Main Segment (Y)

Grant

ModivCare Revenue by Period

ModivCare Revenue by Year

Date	Revenue	Change
2023-12-31	$2.75B	9.85%
2022-12-31	$2.50B	25.41%
2021-12-31	$2.00B	45.90%
2020-12-31	$1.37B	-9.36%
2019-12-31	$1.51B	9.02%
2018-12-31	$1.38B	-14.71%
2017-12-31	$1.62B	2.85%
2016-12-31	$1.58B	-6.87%
2015-12-31	$1.70B	14.47%
2014-12-31	$1.48B	31.93%
2013-12-31	$1.12B	1.52%
2012-12-31	$1.11B	17.28%
2011-12-31	$942.98M	7.19%
2010-12-31	$879.70M	9.82%
2009-12-31	$801.01M	15.81%
2008-12-31	$691.67M	142.55%
2007-12-31	$285.17M	48.63%
2006-12-31	$191.86M	31.67%
2005-12-31	$145.71M	50.27%
2004-12-31	$96.97M	63.58%
2003-12-31	$59.28M	160.67%
2002-12-31	$22.74M	-99.09%
2001-12-31	$2.50B	-

ModivCare generated $2.75B in revenue during NA 2023, up 9.85% compared to the previous quarter, and up 198.65% compared to the same period a year ago.

ModivCare Revenue by Quarter

Date	Revenue	Change
2024-09-30	$702.04M	0.54%
2024-06-30	$698.30M	2.02%
2024-03-31	$684.45M	-2.62%
2023-12-31	$702.83M	2.32%
2023-09-30	$686.92M	-1.74%
2023-06-30	$699.11M	5.56%
2023-03-31	$662.31M	1.28%
2022-12-31	$653.92M	0.95%
2022-09-30	$647.78M	3.11%
2022-06-30	$628.22M	9.35%
2022-03-31	$574.48M	-0.23%
2021-12-31	$575.77M	16.78%
2021-09-30	$493.06M	3.92%
2021-06-30	$474.45M	4.59%
2021-03-31	$453.61M	13.83%
2020-12-31	$398.51M	24.29%
2020-09-30	$320.62M	13.59%
2020-06-30	$282.26M	-23.15%
2020-03-31	$367.29M	-4.56%
2019-12-31	$384.83M	-2.17%
2019-09-30	$393.38M	8.10%
2019-06-30	$363.91M	-1.06%
2019-03-31	$367.81M	1.96%
2018-12-31	$360.76M	-14.37%
2018-09-30	$421.32M	2.31%
2018-06-30	$411.79M	1.42%
2018-03-31	$406.05M	-0.21%
2017-12-31	$406.89M	-0.64%
2017-09-30	$409.52M	0.38%
2017-06-30	$407.98M	2.12%
2017-03-31	$399.49M	3.51%
2016-12-31	$385.96M	-6.44%
2016-09-30	$412.51M	-8.46%
2016-06-30	$450.63M	4.16%
2016-03-31	$432.65M	1.82%
2015-12-31	$424.93M	-1.74%
2015-09-30	$432.45M	-14.91%
2015-06-30	$508.25M	0.49%
2015-03-31	$505.80M	11.51%
2014-12-31	$453.60M	15.06%
2014-09-30	$394.22M	14.61%
2014-06-30	$343.95M	18.85%
2014-03-31	$289.40M	4.54%
2013-12-31	$276.85M	0.05%
2013-09-30	$276.71M	-3.80%
2013-06-30	$287.64M	2.18%
2013-03-31	$281.49M	-1.76%
2012-12-31	$286.52M	2.22%
2012-09-30	$280.29M	0.48%
2012-06-30	$278.94M	7.22%
2012-03-31	$260.15M	6.48%
2011-12-31	$244.31M	3.72%
2011-09-30	$235.55M	0.10%
2011-06-30	$235.31M	3.29%
2011-03-31	$227.81M	3.90%
2010-12-31	$219.27M	0.97%
2010-09-30	$217.15M	-2.33%
2010-06-30	$222.32M	0.62%
2010-03-31	$220.96M	2.46%
2009-12-31	$215.65M	4.27%
2009-09-30	$206.82M	7.81%
2009-06-30	$191.83M	2.74%
2009-03-31	$186.71M	4.90%
2008-12-31	$177.98M	6.58%
2008-09-30	$167.00M	-3.48%
2008-06-30	$173.03M	-0.37%
2008-03-31	$173.66M	76.01%
2007-12-31	$98.67M	-

ModivCare generated $702.04M in revenue during Q3 2024, up 0.54% compared to the previous quarter, and up 100.42% compared to the same period a year ago.

ModivCare Revenue Breakdown

ModivCare Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Grant	$21.80M	$16.30M	-	-	-
Medicare And Medicaid Agency Contracts	-	-	$172.01M	-	-
Private Pay and Other Contracts	-	-	$36.59M	-	-
NET Services	-	-	-	$670.08M	$1.51B

ModivCare's latest annual revenue breakdown by segment (product or service), as of Dec 23: Grant (100.00%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Service Revenue	$1.82M	$2.60M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Grant	-	$14.00M	$13.70M	$6.50M	$1.60M	$5.90M	$6.20M	-	-	-	-	-	-	-	-	-	-	-	-	-
Service	-	$15.30M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medicare And Medicaid Agency Contracts	-	-	-	-	-	-	-	$92.23M	$75.45M	$57.13M	$46.44M	$44.07M	-	-	-	-	-	-	-	-
State Medicaid Agency Contracts	-	-	-	-	-	-	-	$547.42M	$219.96M	$204.40M	$207.43M	$203.32M	-	-	-	-	-	-	-	-
Private Pay and Other Contracts	-	-	-	-	-	-	-	$8.13M	$9.89M	$13.60M	$15.71M	$7.18M	-	-	-	-	-	-	-	-
Managed Care Organization Contracts	-	-	-	-	-	-	-	-	-	-	$293.67M	$237.40M	$267.02M	$250.29M	-	-	-	-	-	-
Personal Care FFS Contract	-	-	-	-	-	-	-	-	-	-	-	$118.50M	-	-	-	-	-	-	-	-
RPM PMPM Contracts	-	-	-	-	-	-	-	-	-	-	-	$1.56M	-	-	-	-	-	-	-	-
Capitated Contracts	-	-	-	-	-	-	-	-	-	-	-	-	$312.08M	$296.24M	-	-	-	-	-	-
Non-Capitated Contracts	-	-	-	-	-	-	-	-	-	-	-	-	$162.37M	$157.38M	-	-	-	-	-	-
Personal Care	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$54.00M	-	-	-	-	-
NET Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$154.69M	$151.54M	$180.73M	$384.83M	$196.89M

ModivCare's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other Service Revenue (100.00%).

ModivCare Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jun 18	Mar 18
Other Foreign	-	-
UNITED STATES	$4.63M	$4.41M

ModivCare's latest quarterly revenue breakdown by geography, as of Jun 18: UNITED STATES (100.00%).

ModivCare Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SEM	Select Medical	$6.66B	$1.76B
EHC	Encompass Health	$4.80B	$1.35B
ENSG	Ensign Group	$3.73B	$1.08B
MODV	ModivCare	$2.75B	$702.04M
SGRY	Surgery Partners	$2.74B	$770.40M
MD	Pediatrix Medical Group	$1.99B	$511.16M
HCSG	Healthcare Services Group	$1.67B	$428.15M
EHAB	Enhabit	$1.05B	$253.60M
INNV	InnovAge	$763.86M	$205.14M
PNTG	Pennant Group	$544.89M	$168.75M
CCM	Concord Medical Services	$537.40M	$34.94M

MODV Revenue FAQ

What is ModivCare’s yearly revenue?

ModivCare's yearly revenue for 2023 was $2.75B, representing an increase of 9.85% compared to 2022. The company's yearly revenue for 2022 was $2.5B, representing an increase of 25.41% compared to 2021. MODV's yearly revenue for 2021 was $2B, representing an increase of 45.90% compared to 2020.

What is ModivCare’s quarterly revenue?

ModivCare's quarterly revenue for Q3 2024 was $702.04M, a 0.54% increase from the previous quarter (Q2 2024), and a 2.20% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $698.3M, a 2.02% increase from the previous quarter (Q1 2024), and a -0.12% decrease year-over-year (Q2 2023). MODV's quarterly revenue for Q1 2024 was $684.45M, a -2.62% decrease from the previous quarter (Q4 2023), and a 3.34% increase year-over-year (Q1 2023).

What is ModivCare’s revenue growth rate?

ModivCare's revenue growth rate for the last 3 years (2021-2023) was 37.77%, and for the last 5 years (2019-2023) was 82.20%.

What are ModivCare’s revenue streams?

ModivCare's revenue streams in c 23 are Grant

What is ModivCare’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of ModivCare was Grant. This segment made a revenue of $21.8M, representing 100.00% of the company's total revenue.