OverviewSuggest Edit

Covanta Holding Corporation is a company that provides waste and energy services through its subsidiaries. It owns and operates infrastructure for the conversion of waste to energy. The company produces energy through the combustion of non-hazardous municipal solid waste in specially-designed power plants.

TypePublic
Founded1992
HQMorristown, NJ, US
Websitecovanta.com
Employee Ratings3.5
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)4,000
Job Openings226
Revenue (FY, 2020)$1.9 B(+2%)
Share Price (May 2021)$15.3(+3%)

Key People/Management at Covanta

Michael W. Ranger

Michael W. Ranger

President Chief Executive Officer
Brad Helgeson

Brad Helgeson

Executive Vice President and Chief Financial Officer
Derek W. Veenhof

Derek W. Veenhof

Executive Vice President Chief Operating Officer
Michael J. de Castro

Michael J. de Castro

Executive Vice President, Supply Chain
Timothy J. Simpson

Timothy J. Simpson

Executive Vice President and Chief Administrative Officer
Matthew Mulcahy

Matthew Mulcahy

Executive Vice President Head of Corporate Development
Show more

Covanta Office Locations

Covanta has offices in Morristown, Burnaby, Chambly, Courtice and in 4 other locations
Morristown, NJ, US (HQ)
445 South St
Burnaby, CA
5150 Riverbend Dr
Chambly, CA
7860 Rue Samuel-Hatt
Courtice, CA
1835 Energy Dr
Kitchener, CA
260 Shoemaker St
Dublin, IE
85 Pigeon House Rd
Show all (8)

Covanta Financials and Metrics

Covanta Revenue

Embed Graph
View revenue for all periods
Covanta's revenue was reported to be $1.9 b in FY, 2020
USD

Revenue (FY, 2020)

1.9b

Gross profit (FY, 2020)

484.0m

Gross profit margin (FY, 2020), %

25.4%

Net income (FY, 2020)

(28.0m)

EBIT (FY, 2020)

69.0m

Market capitalization (7-May-2021)

2.0b

Closing stock price (7-May-2021)

15.3

Cash (31-Dec-2020)

55.0m

EV

4.4b
Covanta's current market capitalization is $2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.7b1.8b1.9b1.9b1.9b

Revenue growth, %

3%3%7%

Cost of goods sold

1.2b1.3b1.3b1.4b1.4b

Gross profit

522.0m481.0m547.0m499.0m484.0m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

84.0m46.0m58.0m37.0m55.0m

Accounts Receivable

332.0m341.0m338.0m240.0m260.0m

Prepaid Expenses

72.0m73.0m62.0m105.0m117.0m

Current Assets

544.0m1.2b499.0m400.0m443.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(4.0m)57.0m152.0m10.0m(28.0m)

Depreciation and Amortization

207.0m215.0m218.0m221.0m224.0m

Accounts Payable

45.0m59.0m(16.0m)(77.0m)47.0m

Cash From Operating Activities

282.0m243.0m238.0m226.0m254.0m
Quarterly
USDQ4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(4.0m)(52.0m)(89.0m)(74.0m)57.0m201.0m170.0m143.0m152.0m5.0m(16.0m)(2.0m)

Depreciation and Amortization

207.0m52.0m104.0m155.0m215.0m54.0m109.0m162.0m238.0m55.0m110.0m165.0m

Accounts Payable

45.0m59.0m(16.0m)

Cash From Operating Activities

282.0m10.0m26.0m114.0m243.0m3.0m63.0m147.0m238.0m37.0m87.0m112.0m
USDQ4, 2016

Revenue/Employee

471.9k

Financial Leverage

9.1 x
Show all financial metrics

Covanta Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019

Waste Handled, tonnes

19.4 m4.56 m4.76 m4.68 m4.66 m18.7 m4.84 m5.07 m5.08 m5.55 m20.54 m5.2 m5.41 m

Average Revenue per Ton of Waste

$47.83$54.11$57.13$57.03$60.06$57.11$56.2$56.68$57.13$56.78$56.7$57.66$59.66

Electricity Sold, GWh

5.81.421.431.491.6361.61.621.621.676.521.561.57

Average Revenue per MWh of Electricity Sold

$53.17$53.76$44.83$45.83$48.69$48.26$54.56$39.28$41.48$43.58$44.68$51.74$37.19
Show all operating metrics

Covanta Acquisitions / Subsidiaries

Company NameDateDeal Size
Chief Industrial ServicesJanuary 19, 2016
Chesapeake Waste Solutions, Inc.September 30, 2015
Waste Recovery Solutions, LLCSeptember 30, 2015
Advanced Waste ServicesMay 21, 2015
35 Industrial, Inc.
Advanced Waste Services of Indiana, LLC
Camden County Energy Recovery Associates, L.P.
Covanta 4Recovery Philadelphia LLC
Covanta 4Recovery Transfer Systems LLC
Covanta Abington Transfer Solutions LLC
Show more

Covanta Revenue Breakdown

Embed Graph

Covanta revenue breakdown by business segment: 71.0% from Waste and Service, 18.4% from Energy, 5.1% from Recycled Metals and 5.5% from Other

Covanta revenue breakdown by geographic segment: 95.6% from United States and 4.4% from Other

Covanta Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Covanta Online and Social Media Presence

Embed Graph

Covanta Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    F

    52/100

  • Compensation

    C-

    59/100

  • Diversity

    C

    64/100

Learn more on Comparably

Covanta News and Updates

Covanta Holding Corporation Reports 2021 First Quarter Results and Increases 2021 Guidance

Covanta Holding Corporation reported financial results today for the three months ended March 31, 2021.

Emissions Data Now Available Online for the Waste-to-Energy Facility in Chester, PA

Covanta is pleased to announce that continuous emissions monitoring data for the Delaware Valley Waste-to-Energy facility is now available to the public on the company’s website 24 hours a day, seven days a week.

Covanta provides update of UK waste-to-energy projects

Officials from Covanta Holding Corp. discussed the company’s ongoing strategic review and provided an update on the development of the company’s U.K. waste-to-energy projects during a first quarter earnings call, held April 30.

Covanta Holding Corporation Reports 2020 Fourth Quarter and Full Year Results and Provides 2021 Guidance

Covanta Holding Corporation reported financial results today for the year ended December 31, 2020.

Covanta Shares New Jersey's Commitment to Environmental Justice

MORRISTOWN, N.J., Sept. 18, 2020 /PRNewswire/ -- Today, New Jersey Governor Phil Murphy signed landmark Environmental Justice legislation into law. The law recognizes the burdens faced by environmental justice communities and provides a foundation to reduce cumulative environmental...

Covanta Holding Corporation Announces Public Offering of $400 Million of Senior Notes due 2030

MORRISTOWN, N.J., Aug. 11, 2020 /PRNewswire/ -- Covanta Holding Corporation, a Delaware corporation (NYSE:CVA) (the "Company" or "Covanta"), today announced the offering of $400 million aggregate principal amount of a new series of senior unsecured notes (the "Notes") in an underwritten...
Show more

Covanta Frequently Asked Questions

  • When was Covanta founded?

    Covanta was founded in 1992.

  • Who are Covanta key executives?

    Covanta's key executives are Michael W. Ranger, Brad Helgeson and Derek W. Veenhof.

  • How many employees does Covanta have?

    Covanta has 4,000 employees.

  • What is Covanta revenue?

    Latest Covanta annual revenue is $1.9 b.

  • What is Covanta revenue per employee?

    Latest Covanta revenue per employee is $476 k.

  • Who are Covanta competitors?

    Competitors of Covanta include HydroChemPSC, Waste Connections and Casella Waste Systems.

  • Where is Covanta headquarters?

    Covanta headquarters is located at 445 South St, Morristown.

  • Where are Covanta offices?

    Covanta has offices in Morristown, Burnaby, Chambly, Courtice and in 4 other locations.

  • How many offices does Covanta have?

    Covanta has 8 offices.