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 Ratings3.8
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)4,000
Job Openings254
Revenue (FY, 2020)$1.9 B(+2%)
Share Price (Sept 2021)$20
Cybersecurity ratingBMore

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
Timothy J. Simpson

Timothy J. Simpson

Executive Vice President and Chief Administrative Officer
Matthew Mulcahy

Matthew Mulcahy

Executive Vice President Head of Corporate Development
Tom Kenyon

Tom Kenyon

Executive Vice President General Counsel and Secretary
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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

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View revenue for all periods
Covanta's revenue was reported to be $1.9 b in FY, 2020 which is a 1.8% increase from the previous period.
USD

Revenue (FY, 2020)

1.9b

Revenue growth (FY, 2019 - FY, 2020), %

1.8%

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 (8-Sept-2021)

2.7b

Closing stock price (8-Sept-2021)

20.0

Cash (31-Dec-2020)

55.0m

EV

5.2b
Covanta's current market capitalization is $2.7 b.
USDFY, 2018FY, 2019FY, 2020

Revenue

1.9b1.9b1.9b

Revenue growth, %

7%0%2%

Cost of goods sold

1.3b1.4b1.4b

Gross profit

547.0m499.0m484.0m
USDFY, 2018FY, 2019FY, 2020

Cash

58.0m37.0m55.0m

Accounts Receivable

338.0m240.0m260.0m

Prepaid Expenses

62.0m105.0m117.0m

Current Assets

499.0m400.0m443.0m
USDFY, 2018FY, 2019FY, 2020

Net Income

152.0m10.0m(28.0m)

Depreciation and Amortization

218.0m221.0m224.0m

Accounts Payable

(16.0m)(77.0m)47.0m

Cash From Operating Activities

238.0m226.0m254.0m
USDFY, 2018

EV/EBIT

66.6 x

EV/CFO

17.6 x

Revenue/Employee

467.0k

Debt/Equity

5.1 x

Debt/Assets

0.6 x

Financial Leverage

7.9 x

P/E Ratio

11.7
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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
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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
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Covanta Revenue Breakdown

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Covanta revenue breakdown by business segment: 18.8% from Energy, 74.2% from Waste and Service and 7.1% from Other

Covanta revenue breakdown by geographic segment: 96.2% from United States and 3.8% from Other

Covanta Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Covanta Online and Social Media Presence

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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

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Covanta Holding Corp. - CVA

NEW YORK, July 30, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...

Thinking about buying stock in Covanta, Vertex Energy, OncoSec Medical, Energous Corp, or Beam Therapeutics?

NEW YORK, July 14, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CVA, VTNR, ONCS, WATT, and BEAM. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

UPDATE: EQT Infrastructure to buy Covanta for $20.25 a share in cash or $5.3 billion

Covanta Holding Corp. , the world's biggest operator of waste-to-energy facilities, said Wednesday it has agreed to be acquired by EQT Infrastructure for $20.25 a share in cash in a deal valued at $5.3 billion. The price is equal to a 37% premium over Covanta's unaffected share price of $14.78 on Ju…

Industry Thought Leaders from Waste Management, Covanta and Harvard to Discuss Building a Sustainable Future at Waste360’s Sustainability Talks

Co-Located with WasteExpo, the Program Takes Place June 30 in Las Vegas Co-Located with WasteExpo, the Program Takes Place June 30 in Las Vegas

Covanta intends to close multiple plants in coming years, divestitures still possible

Covanta's strategic review process is complete, and the company's North American portfolio will be changing
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Covanta Blogs

Achieving Sustainability Through Action and Accountability

Sustainability is often described as meeting the needs of the present without compromising the ability of future generations to meet their needs. It is the capacity to endure, to indefinitely support the co-existence between Earth’s ecosystems and humanity’s civilizations through three k…

How Climate Change Will Impact Everyday Living

Earth’s climate is now changing faster than at any point in human history due largely to the activities of modern civilization. This shift has already reached every corner of the globe, impacting everything from environmental conditions to economic trends. In fact, the IPPC’s 6th Assessm…

Four Ways Waste-to-Energy is Protecting New Jersey’s Tomorrow

As today’s world demands more sustainable practices due to the mounting impacts of climate change, everyone from regulators to residents are paying closer attention to how waste is handled. This global shift is putting pressure on companies and communities to minimize …

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.