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MOH logoMolina Healthcare, Inc.(MOH)Earnings, Financials & Key Ratios

MOH•NYSE•Insurance & Managed Care
$192.17
$10.01B mkt cap·21.5× P/E·Price updated May 6, 2026
SectorHealthcareIndustryHealth InsuranceSub-IndustryGovernment Program Managed Care
AboutMolina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states. The company was founded in 1980 and is headquartered in Long Beach, California.Show more
  • Revenue$45.43B+11.7%
  • Combined Ratio98.28%+2.6%
  • Net Income$472M-60.0%
  • Return on Equity11.02%-59.3%
  • Medical Cost Ratio91.03%+3.0%
  • Operating Margin1.72%-59.1%
  • Net Margin1.04%-64.2%
  • ROA3.03%-60.8%
  • Equity / Assets26.14%-9.1%
  • Book Value per Share80.11+2.8%
  • Tangible BV/Share36.89-16.8%
  • Debt/Equity0.97+40.0%
Analysis→Technical→

MOH Key Insights

Molina Healthcare, Inc. (MOH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 22.8%
  • ✓Share count reduced 12.0% through buybacks

✗Weaknesses

  • ✗High loss ratio of 91.0%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MOH Price & Volume

Molina Healthcare, Inc. (MOH) stock price & volume — 10-year historical chart

Loading chart...

MOH Growth Metrics

Molina Healthcare, Inc. (MOH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.43%
5 Years18.52%
3 Years12.42%
TTM7.66%

Profit CAGR

10 Years12.68%
5 Years-6.85%
3 Years-15.85%
TTM-84.01%

EPS CAGR

10 Years13.21%
5 Years-4.52%
3 Years-12.99%
TTM-83.71%

Return on Capital

10 Years19.2%
5 Years20.46%
3 Years19.75%
Last Year9.81%

MOH Recent Earnings

Molina Healthcare, Inc. (MOH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 22, 2026
EPS
$2.35
Est $1.57
+49.7%
Revenue
$10.8B
Est $10.9B
-0.7%
Q1 2026
Feb 5, 2026
EPS
$2.75
Est $0.43
-739.5%
Revenue
$11.4B
Est $10.9B
+4.6%
Q4 2025
Oct 22, 2025
EPS
$1.84
Est $3.97
-53.7%
Revenue
$11.5B
Est $11.3B
+1.7%
Q3 2025
Jul 23, 2025
EPS
$5.48
Est $5.62
-2.5%
Revenue
$11.4B
Est $11.0B
+4.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$2.35vs $1.57+49.7%
$10.8Bvs $10.9B-0.7%
Q1 2026Feb 5, 2026
$2.75vs $0.43-739.5%
$11.4Bvs $10.9B+4.6%
Q4 2025Oct 22, 2025
$1.84vs $3.97-53.7%
$11.5Bvs $11.3B+1.7%
Q3 2025Jul 23, 2025
$5.48vs $5.62-2.5%
$11.4Bvs $11.0B+4.3%
Based on last 12 quarters of dataView full earnings history →

MOH Peer Comparison

Molina Healthcare, Inc. (MOH) competitors in Government Program Managed Care — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CNC logoCNCCentene CorporationDirect Competitor26.15B52.97-3.8919.44%-3.25%-28.6%16.52%0.94
ALHC logoALHCAlignment Healthcare, Inc.Direct Competitor3.74B18.30-4945.9546.06%0.47%11.5%3.03%1.89
UNH logoUNHUnitedHealth Group IncorporatedProduct Competitor330.28B363.8727.5011.81%2.68%11.54%4.87%0.77
CVS logoCVSCVS Health CorporationProduct Competitor102.56B80.6958.057.85%0.44%2.35%7.61%1.24
ELV logoELVElevance Health Inc.Product Competitor80.15B369.0714.6912.62%2.62%11.92%3.96%0.75
HUM logoHUMHumana Inc.Product Competitor28.76B239.5324.3410.06%0.82%6.17%1.3%0.73
CI logoCICigna CorporationProduct Competitor72.68B275.6612.4311.26%2.26%15.08%11.54%0.75
OSCR logoOSCROscar Health, Inc.Product Competitor4.71B17.94-10.6227.5%-3.79%-45.19%22.49%0.44

Compare MOH vs Peers

Molina Healthcare, Inc. (MOH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNC

Most directly comparable listed peer for MOH.

Scale Benchmark

vs UNH

Larger-name benchmark to compare MOH against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNC, ALHC, UNH, CVS

MOH Income Statement

Molina Healthcare, Inc. (MOH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue19.88B18.89B16.83B19.42B27.77B31.97B34.07B40.65B45.43B45.08B
Revenue Growth %12.26%-4.99%-10.91%15.41%42.98%15.13%6.56%19.31%11.75%7.66%
Medical Costs & Claims18B16.27B14.39B16.75B24.49B28.05B29.74B35.91B41.35B40.75B
Medical Cost Ratio %90.54%86.11%85.53%86.22%88.19%87.72%87.28%88.35%91.03%90.41%
Gross Profit
1.88B▲ 0%
2.62B▲ 39.6%
2.44B▼ 7.2%
2.68B▲ 9.9%
3.28B▲ 22.5%
3.93B▲ 19.7%
4.33B▲ 10.4%
4.74B▲ 9.3%
4.08B▼ 14.0%
4.32B▲ 0%
Gross Margin %9.46%13.89%14.47%13.78%11.81%12.28%12.72%11.65%8.97%9.59%
Gross Profit Growth %6.21%39.57%-7.2%9.94%22.53%19.7%10.39%9.28%-13.96%-
Operating Expenses19.95B17.01B1.39B1.6B2.26B2.75B2.76B3.03B3.29B3.8B
OpEx / Revenue %100.32%90.06%8.23%8.23%8.14%8.61%8.1%7.45%7.25%8.42%
Depreciation & Amortization178M127M89M88M131M176M171M186M195M186M
Combined Ratio %190.86%176.17%93.76%94.45%96.33%96.33%95.38%95.8%98.28%98.84%
Operating Income
-555M▲ 0%
1.13B▲ 303.8%
1.04B▼ 7.7%
1.08B▲ 3.3%
1.02B▼ 5.4%
1.17B▲ 15.0%
1.57B▲ 34.1%
1.71B▲ 8.5%
781M▼ 54.2%
524M▲ 0%
Operating Margin %-2.79%5.99%6.2%5.55%3.67%3.67%4.62%4.2%1.72%1.16%
Operating Income Growth %-281.37%303.78%-7.69%3.26%-5.38%15%34.1%8.52%-54.25%-
EBITDA-377M1.26B1.13B1.17B1.15B1.35B1.74B1.89B976M710M
EBITDA Margin %-1.9%6.66%6.73%6%4.14%4.22%5.12%4.66%2.15%1.58%
Interest Expense118M115M87M102M120M110M109M118M192M203M
Non-Operating Income-61M17M-15M15M25M000093M
Pretax Income
-612M▲ 0%
999M▲ 263.2%
972M▼ 2.7%
961M▼ 1.1%
875M▼ 8.9%
1.06B▲ 21.5%
1.46B▲ 37.7%
1.59B▲ 8.5%
589M▼ 62.9%
228M▲ 0%
Pretax Margin %-3.08%5.29%5.78%4.95%3.15%3.32%4.3%3.91%1.3%0.51%
Income Tax-100M292M235M288M216M271M373M410M117M40M
Effective Tax Rate %16.34%29.23%24.18%29.97%24.69%25.49%25.48%25.8%19.86%17.54%
Net Income
-512M▲ 0%
707M▲ 238.1%
737M▲ 4.2%
673M▼ 8.7%
659M▼ 2.1%
792M▲ 20.2%
1.09B▲ 37.8%
1.18B▲ 8.1%
472M▼ 60.0%
188M▲ 0%
Net Margin %-2.58%3.74%4.38%3.46%2.37%2.48%3.2%2.9%1.04%0.42%
Net Income Growth %-6500%238.09%4.24%-8.68%-2.08%20.18%37.75%8.07%-59.97%-84.01%
EPS (Diluted)
-9.14▲ 0%
10.55▲ 215.4%
11.48▲ 8.8%
11.24▼ 2.1%
11.25▲ 0.1%
13.54▲ 20.4%
18.78▲ 38.7%
20.42▲ 8.7%
8.92▼ 56.3%
3.69▲ 0%
EPS Growth %-1093.48%215.43%8.82%-2.09%0.09%20.36%38.7%8.73%-56.32%-83.71%
EPS (Basic)-9.1410.6111.8511.4111.4013.7018.7120.528.93-
Diluted Shares Outstanding56M67M64.2M59.9M58.6M58.5M58.1M57.7M50.79M51M

MOH Balance Sheet

Molina Healthcare, Inc. (MOH) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets8.47B7.15B6.79B9.53B12.21B12.31B14.89B15.63B15.56B16.39B
Asset Growth %13.72%-15.55%-5.13%40.45%28.08%0.86%20.94%4.96%-0.42%5.97%
Total Investment Assets2.64B1.8B2.02B1.88B3.2B3.5B4.26B4.33B02M
Long-Term Investments119M120M79M0000000
Short-Term Investments2.52B1.68B1.95B1.88B3.2B3.5B4.26B4.33B00
Total Current Assets7.51B6.46B5.97B7.88B10.06B10.08B12.54B12.77B12.44B13.33B
Cash & Equivalents3.19B2.83B2.45B4.15B4.44B4.01B4.85B4.66B4.25B5.31B
Receivables871M1.33B1.41B1.67B2.18B2.3B3.1B3.3B3.53B14.33B
Other Current Assets691M476M000277M331M487M4.66B4.59B
Goodwill & Intangibles255M190M172M941M1.25B1.39B1.45B1.94B2.19B8.66B
Goodwill186M143M143M692M982M1.11B1.24B1.67B2.19B2.09B
Intangible Assets69M47M29M249M270M275M208M267M00
PP&E (Net)342M241M385M391M396M259M270M288M301M300M
Other Assets141M24M105M255M391M361M404M424M446M458M
Total Liabilities7.13B5.51B4.83B7.44B9.58B9.35B10.68B11.13B11.49B12.31B
Total Debt2.17B1.46B1.49B2.35B2.39B2.39B2.38B3.12B3.95B3.95B
Net Debt-1.02B-1.37B-966M-1.8B-2.05B-1.61B-2.46B-1.54B-298M-1.37B
Long-Term Debt1.32B1.02B1.24B2.13B2.17B2.18B2.18B2.92B3.77B3.95B
Short-Term Debt652M240M18M0000000
Total Current Liabilities5.56B4.25B3.27B4.96B7.05B6.86B8.17B7.9B7.37B8.19B
Accounts Payable366M390M502M641M842M889M1.25B1.33B00
Deferred Revenue282M211M249M375M370M359M418M51M0401M
Other Current Liabilities522M476M-18M000007.37B7.79B
Deferred Taxes0000000000
Other Liabilities61M44M90M119M140M104M124M120M173M176M
Total Equity
1.34B▲ 0%
1.65B▲ 23.2%
1.96B▲ 19.0%
2.1B▲ 6.9%
2.63B▲ 25.5%
2.96B▲ 12.7%
4.21B▲ 42.2%
4.5B▲ 6.7%
4.07B▼ 9.5%
4.08B▲ 0%
Equity Growth %-18.92%23.19%19%6.94%25.48%12.7%42.21%6.67%-9.5%-31.93%
Shareholders Equity1.34B1.65B1.96B2.1B2.63B2.96B4.21B4.5B4.07B4.08B
Minority Interest0000000000
Retained Earnings298M1.01B1.78B1.86B2.4B2.8B3.89B4.09B3.6B3.62B
Common Stock0000000000
Accumulated OCI-5M-8M4M37M-5M-160M-82M-57M15M-7M
Return on Equity (ROE)-34.29%47.39%40.87%33.19%27.89%28.32%30.39%27.07%11.02%4.44%
Return on Assets (ROA)-6.43%9.05%10.57%8.25%6.06%6.46%8.02%7.73%3.03%1.18%
Equity / Assets15.78%23.02%28.88%21.99%21.54%24.07%28.3%28.77%26.14%24.89%
Debt / Equity1.62x0.89x0.76x1.12x0.91x0.81x0.57x0.69x0.97x0.97x
Book Value per Share23.8824.5830.5334.9944.8850.6772.5577.9280.1180.00
Tangible BV per Share19.3221.7527.8519.2823.5226.9147.6144.3336.8938.98

MOH Cash Flow Statement

Molina Healthcare, Inc. (MOH) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations804M-314M427M1.89B2.12B773M1.66B644M-535M-535M
Operating CF Growth %19.47%-139.05%235.99%342.62%12.12%-63.52%115.01%-61.25%-183.07%284.22%
Operating CF / Revenue %4.04%-1.66%2.54%9.73%7.63%2.42%4.88%1.58%-1.18%-1.19%
Net Income-512M707M737M673M659M792M1.09B1.18B472M188M
Depreciation & Amortization178M127M89M88M131M176M171M186M195M142M
Stock-Based Compensation46M27M39M57M72M103M115M116M47M33M
Deferred Taxes-94M-6M10M-19M-24M-66M-31M53M43M-6M
Other Non-Cash Items597M80M-15M27M58M216M2M8M-3M-183M
Working Capital Changes589M-1.25B-433M1.06B1.22B-448M314M-898M-1.29B183M
Cash from Investing-1.07B1.14B-293M-400M-1.65B-790M-744M-464M312M446M
Capital Expenditures-86M-30M-57M-74M-77M-91M-84M-100M-101M-106M
Acquisitions0190M0-755M-129M-134M-3M-344M-245M0
Purchase of Investments-2.72B-1.44B-2.54B-670M-2.71B-1.91B-1.43B-1.13B-751M-811M
Sale/Maturity of Investments1.77B2.44B2.3B1.1B1.33B1.4B772M1.11B1.41B1.37B
Other Investing-40M-18M-2M2M-63M-50M4M1M1M-9M
Cash from Financing636M-1.19B-552M217M-183M-441M-58M-347M-170M-337M
Dividends Paid0000000000
Share Repurchases00-47M-606M-128M-400M-60M-1B-1B-500M
Stock Issued19M000000000
Debt Issuance (Net)1000K-1000K-1000K1000K1000K001000K1000K1000K
Other Financing-8M-531M-485M-36M-19M-41M2M-87M-8M-25M
Net Change in Cash
367M▲ 0%
-364M▼ 199.2%
-418M▼ 14.8%
1.72B▲ 510.3%
283M▼ 83.5%
-458M▼ 261.8%
860M▲ 287.8%
-167M▼ 119.4%
-393M▼ 135.3%
469M▲ 0%
Exchange Rate Effect0000000003M
Cash at Beginning2.82B3.29B2.93B2.51B4.22B4.51B4.05B4.91B4.74B4.35B
Cash at End3.19B2.93B2.51B4.22B4.51B4.05B4.91B4.74B4.35B5.42B
Free Cash Flow
718M▲ 0%
-344M▼ 147.9%
370M▲ 207.6%
1.82B▲ 390.8%
2.04B▲ 12.4%
682M▼ 66.6%
1.58B▲ 131.4%
544M▼ 65.5%
-636M▼ 216.9%
251M▲ 0%
FCF Growth %44.47%-147.91%207.56%390.81%12.44%-66.6%131.38%-65.53%-216.91%-52.19%
FCF Margin %3.61%-1.82%2.2%9.35%7.35%2.13%4.63%1.34%-1.4%0.56%
FCF per Share12.82-5.135.7630.3234.8511.6627.169.43-12.52-12.52

MOH Key Ratios

Molina Healthcare, Inc. (MOH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio190.86%176.17%93.76%94.45%96.33%96.33%95.38%95.8%98.28%98.84%
Medical Cost Ratio90.54%86.11%85.53%86.22%88.19%87.72%87.28%88.35%91.03%90.41%
Return on Equity (ROE)-34.29%47.39%40.87%33.19%27.89%28.32%30.39%27.07%11.02%4.44%
Return on Assets (ROA)-6.43%9.05%10.57%8.25%6.06%6.46%8.02%7.73%3.03%1.18%
Equity / Assets15.78%23.02%28.88%21.99%21.54%24.07%28.3%28.77%26.14%24.89%
Book Value / Share23.8824.5830.5334.9944.8850.6772.5577.9280.1180
Debt / Equity1.62x0.89x0.76x1.12x0.91x0.81x0.57x0.69x0.97x0.97x
Revenue Growth12.26%-4.99%-10.91%15.41%42.98%15.13%6.56%19.31%11.75%7.66%

MOH SEC Filings & Documents

Molina Healthcare, Inc. (MOH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Feb 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 10, 2026·SEC

FY 2025

Feb 11, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

MOH Frequently Asked Questions

Molina Healthcare, Inc. (MOH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Molina Healthcare, Inc. (MOH) grew revenue by 11.7% over the past year. This is steady growth.

Yes, Molina Healthcare, Inc. (MOH) is profitable, generating $188.0M in net income for fiscal year 2025 (1.0% net margin).

Dividend & Returns

Molina Healthcare, Inc. (MOH) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Industry Metrics

Molina Healthcare, Inc. (MOH) has a combined ratio of 98.3%. A ratio below 100% indicates underwriting profitability.

Explore More MOH

Molina Healthcare, Inc. (MOH) financial analysis — history, returns, DCA and operating performance tools

Full MOH Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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