8-K Announcements
6Apr 29, 2026·SEC
Apr 20, 2026·SEC
Apr 10, 2026·SEC
Humana Inc. (HUM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Humana Inc. (HUM) stock price & volume — 10-year historical chart
Humana Inc. (HUM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Humana Inc. (HUM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $10.31vs $9.97+3.4% | $39.6Bvs $39.4B+0.7% |
| Q1 2026 | Feb 11, 2026 | $3.96vs $4.00+1.0% | $32.5Bvs $32.0B+1.5% |
| Q4 2025 | Nov 5, 2025 | $3.24vs $2.93+10.6% | $32.6Bvs $32.0B+2.0% |
| Q3 2025 | Jul 30, 2025 | $6.27vs $5.92+5.9% | $32.4Bvs $31.9B+1.6% |
Humana Inc. (HUM) competitors in National Multi-Line Health Insurers — business model, growth, and fundamentals comparison
Humana Inc. (HUM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Humana Inc. (HUM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 53.8B | 56.94B | 64.93B | 77.19B | 83.65B | 92.92B | 106.44B | 117.81B | 129.66B | 137.2B |
| Revenue Growth % | -1.11% | 5.84% | 14.03% | 18.88% | 8.37% | 11.09% | 14.55% | 10.68% | 10.06% | 14.08% |
| Medical Costs & Claims | 43.39B | 45.75B | 53.74B | 61.5B | 69.2B | 75.69B | 88.39B | 100.66B | 110.81B | 117.98B |
| Medical Cost Ratio % | 80.65% | 80.35% | 82.76% | 79.67% | 82.73% | 81.46% | 83.05% | 85.45% | 85.46% | 85.99% |
| Gross Profit | 7.08B▲ 0% | 11.19B▲ 58.0% | 11.19B▲ 0.0% | 15.69B▲ 40.2% | 14.45B▼ 7.9% | 17.23B▲ 19.3% | 18.05B▲ 4.7% | 17.15B▼ 5.0% | 18.85B▲ 9.9% | 19.22B▲ 0% |
| Gross Margin % | 13.17% | 19.65% | 17.24% | 20.33% | 17.27% | 18.54% | 16.95% | 14.55% | 14.54% | 14.01% |
| Gross Profit Growth % | -8.79% | 57.95% | 0.02% | 40.18% | -7.91% | 19.26% | 4.72% | -4.98% | 9.94% | - |
| Operating Expenses | 7.08B | 9.12B | 7.72B | 11.02B | 11.03B | 13.67B | 14.73B | 15.52B | 17.4B | 17.83B |
| OpEx / Revenue % | 13.17% | 16.01% | 11.89% | 14.27% | 13.19% | 14.71% | 13.84% | 13.17% | 13.42% | 13% |
| Depreciation & Amortization | 485M | 534M | 575M | 616M | 713M | 845M | 917M | 968M | 824M | 803M |
| Combined Ratio % | 93.82% | 96.36% | 94.66% | 93.94% | 95.91% | 96.16% | 96.88% | 98.62% | 98.88% | 98.99% |
| Operating Income | 3.33B▲ 0% | 2.07B▼ 37.6% | 3.47B▲ 67.3% | 4.67B▲ 34.7% | 3.42B▼ 26.9% | 3.56B▲ 4.2% | 3.32B▼ 6.8% | 1.63B▼ 51.0% | 1.45B▼ 10.7% | 1.38B▲ 0% |
| Operating Margin % | 6.18% | 3.64% | 5.34% | 6.06% | 4.09% | 3.84% | 3.12% | 1.38% | 1.12% | 1.01% |
| Operating Income Growth % | 91.04% | -37.64% | 67.31% | 34.7% | -26.85% | 4.24% | -6.85% | -50.99% | -10.69% | - |
| EBITDA | 3.81B | 2.61B | 4.04B | 5.29B | 4.13B | 4.41B | 4.24B | 2.6B | 2.28B | 2.19B |
| EBITDA Margin % | 7.08% | 4.58% | 6.23% | 6.85% | 4.94% | 4.74% | 3.98% | 2.2% | 1.76% | 1.59% |
| Interest Expense | 242M | 218M | 242M | 283M | 326M | 401M | 493M | 660M | 631M | 664M |
| Non-Operating Income | 694M | -218M | -242M | -283M | -326M | -401M | -493M | -660M | -631M | -664M |
| Pretax Income | 4.02B▲ 0% | 2.07B▼ 48.4% | 3.47B▲ 67.3% | 4.67B▲ 34.7% | 3.42B▼ 26.9% | 3.56B▲ 4.2% | 3.32B▼ 6.8% | 1.63B▼ 51.0% | 1.45B▼ 10.7% | 1.38B▲ 0% |
| Pretax Margin % | 7.47% | 3.64% | 5.34% | 6.06% | 4.09% | 3.84% | 3.12% | 1.38% | 1.12% | 1.01% |
| Income Tax | 1.57B | 391M | 763M | 1.31B | 485M | 762M | 836M | 413M | 250M | 239M |
| Effective Tax Rate % | 39.1% | 18.85% | 21.99% | 27.96% | 14.19% | 21.38% | 25.18% | 25.38% | 17.21% | 17.27% |
| Net Income | 2.45B▲ 0% | 1.68B▼ 31.3% | 2.71B▲ 60.8% | 3.37B▲ 24.4% | 2.93B▼ 12.9% | 2.81B▼ 4.3% | 2.49B▼ 11.3% | 1.21B▼ 51.5% | 1.19B▼ 1.6% | 1.13B▲ 0% |
| Net Margin % | 4.55% | 2.96% | 4.17% | 4.36% | 3.51% | 3.02% | 2.34% | 1.02% | 0.92% | 0.82% |
| Net Income Growth % | 298.7% | -31.25% | 60.84% | 24.38% | -12.89% | -4.33% | -11.3% | -51.51% | -1.57% | -33.92% |
| EPS (Diluted) | 16.81▲ 0% | 12.16▼ 27.7% | 20.10▲ 65.3% | 25.31▲ 25.9% | 22.67▼ 10.4% | 22.08▼ 2.6% | 20.00▼ 9.4% | 9.98▼ 50.1% | 9.84▼ 1.4% | 9.37▲ 0% |
| EPS Growth % | 313.02% | -27.66% | 65.3% | 25.92% | -10.43% | -2.6% | -9.42% | -50.1% | -1.4% | -33.92% |
| EPS (Basic) | 16.94 | 12.24 | 20.19 | 25.47 | 22.79 | 22.20 | 20.09 | 10.01 | 9.87 | - |
| Diluted Shares Outstanding | 145.58M | 138.4M | 134.73M | 133.01M | 129.4M | 127.09M | 124.44M | 120.87M | 120.83M | 120.65M |
Humana Inc. (HUM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 26.68B | 25.34B | 29.04B | 35.08B | 44.75B | 43.73B | 46.89B | 46.31B | 48.75B | 55.28B |
| Asset Growth % | 3.38% | -5.02% | 14.6% | 20.78% | 27.57% | -2.29% | 7.24% | -1.24% | 5.26% | 13.76% |
| Total Investment Assets | 12.3B | 11.48B | 12.44B | 14.94B | 14.11B | 15.01B | 17.75B | 19.33B | 16.83B | 4M |
| Long-Term Investments | 12.3B | 11.48B | 12.44B | 14.94B | 14.11B | 15.01B | 17.75B | 19.33B | 16.83B | 54.63B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.01B |
| Total Current Assets | 4.9B | 3.36B | 5.11B | 5.81B | 5.21B | 6.74B | 6.73B | 4.92B | 7.47B | 27.18B |
| Cash & Equivalents | 4.04B | 2.34B | 4.05B | 4.67B | 3.39B | 5.06B | 4.69B | 2.22B | 4.2B | 4.95B |
| Receivables | 854M | 1.01B | 1.06B | 1.14B | 1.81B | 1.67B | 2.04B | 2.7B | 3.27B | 15.68B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 3.51B | 4.14B | 4.11B | 4.78B | 13.73B | 10.91B | 11.24B | 11.07B | 10.81B | 43.16B |
| Goodwill | 3.28B | 3.9B | 3.93B | 4.45B | 11.09B | 9.14B | 9.55B | 9.63B | 9.69B | 10.49B |
| Intangible Assets | 226M | 245M | 177M | 329M | 2.64B | 1.76B | 1.69B | 1.44B | 1.13B | 0 |
| PP&E (Net) | 1.58B | 1.74B | 2.37B | 2.81B | 3.75B | 3.74B | 3.54B | 2.98B | 2.72B | 2.17B |
| Other Assets | 3.85B | 4.38B | 4.79B | 6.44B | 7.37B | 6.49B | 7.58B | 7.74B | 10.83B | 14.18B |
| Total Liabilities | 16.84B | 15.18B | 17.01B | 21.35B | 28.64B | 28.36B | 30.57B | 29.87B | 31.01B | 36.63B |
| Total Debt | 4.92B | 6.07B | 6.11B | 7.14B | 13.22B | 11.75B | 12.27B | 12.26B | 12.94B | 13.99B |
| Net Debt | 878M | 3.73B | 2.06B | 2.47B | 9.83B | 6.69B | 7.58B | 10.04B | 8.74B | 9.04B |
| Long-Term Debt | 4.77B | 4.38B | 4.97B | 6.06B | 10.54B | 9.03B | 10.21B | 11.14B | 12.37B | 12.27B |
| Short-Term Debt | 150M | 1.69B | 815M | 729M | 2.14B | 2.26B | 1.61B | 724M | 150M | 1.72B |
| Total Current Liabilities | 4.37B | 6.53B | 6.8B | 9B | 10.49B | 11.63B | 11.95B | 11.26B | 10.31B | 21.51B |
| Accounts Payable | 3.84B | 4.55B | 5.74B | 7.95B | 8.1B | 9.08B | 10.07B | 10.27B | 9.81B | 19.22B |
| Deferred Revenue | 378M | 283M | 247M | 318M | 254M | 286M | 266M | 260M | 356M | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 269M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 |
| Other Liabilities | 7.37B | 3.95B | 4.33B | 4.98B | 5.79B | 6.36B | 7.97B | 7.07B | 7.91B | 2.58B |
| Total Equity | 9.84B▲ 0% | 10.16B▲ 3.2% | 12.04B▲ 18.5% | 13.73B▲ 14.0% | 16.1B▲ 17.3% | 15.37B▼ 4.6% | 16.32B▲ 6.2% | 16.45B▲ 0.8% | 17.74B▲ 7.9% | 18.65B▲ 0% |
| Equity Growth % | -7.89% | 3.24% | 18.46% | 14.05% | 17.3% | -4.55% | 6.17% | 0.78% | 7.86% | 27.3% |
| Shareholders Equity | 9.84B | 10.16B | 12.04B | 13.73B | 16.08B | 15.31B | 16.26B | 16.38B | 17.66B | 18.58B |
| Minority Interest | 0 | 0 | 0 | 0 | 23M | 59M | 56M | 70M | 80M | 66M |
| Retained Earnings | 13.67B | 15.07B | 17.48B | 20.52B | 23.09B | 25.49B | 27.54B | 28.32B | 29.07B | 30.15B |
| Common Stock | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M |
| Accumulated OCI | 19M | -159M | 156M | 391M | 42M | -1.3B | -999M | -1.07B | -633M | -731M |
| Return on Equity (ROE) | 23.85% | 16.83% | 24.39% | 26.14% | 19.66% | 17.83% | 15.71% | 7.37% | 6.95% | 6.17% |
| Return on Assets (ROA) | 9.33% | 6.47% | 9.95% | 10.5% | 7.35% | 6.34% | 5.49% | 2.59% | 2.5% | 2.21% |
| Equity / Assets | 36.88% | 40.09% | 41.45% | 39.14% | 35.99% | 35.15% | 34.8% | 35.51% | 36.38% | 33.73% |
| Debt / Equity | 0.50x | 0.60x | 0.51x | 0.52x | 0.82x | 0.76x | 0.75x | 0.75x | 0.73x | 0.73x |
| Book Value per Share | 67.60 | 73.42 | 89.34 | 103.21 | 124.45 | 120.93 | 131.13 | 136.06 | 146.80 | 154.54 |
| Tangible BV per Share | 43.51 | 43.49 | 58.87 | 67.30 | 18.33 | 35.12 | 40.78 | 44.44 | 57.30 | 67.61 |
Humana Inc. (HUM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.05B | 2.17B | 5.28B | 5.64B | 2.26B | 4.59B | 3.98B | 2.97B | 921M | 921M |
| Operating CF Growth % | 109.25% | -46.36% | 143.17% | 6.72% | -59.89% | 102.79% | -13.21% | -25.5% | -68.95% | 23.02% |
| Operating CF / Revenue % | 7.53% | 3.82% | 8.14% | 7.31% | 2.7% | 4.94% | 3.74% | 2.52% | 0.71% | 0.67% |
| Net Income | 2.45B | 1.68B | 2.71B | 3.37B | 2.93B | 2.8B | 2.49B | 1.21B | 1.2B | 1.13B |
| Depreciation & Amortization | 485M | 534M | 575M | 616M | 713M | 845M | 917M | 968M | 824M | 803M |
| Stock-Based Compensation | 157M | 137M | 163M | 181M | 180M | 216M | 175M | 207M | 241M | 243M |
| Deferred Taxes | 132M | 194M | 162M | 195M | 15M | -100M | -167M | -192M | 75M | 0 |
| Other Non-Cash Items | 141M | 792M | 14M | -863M | -1.02B | 290M | 486M | 615M | 375M | 453M |
| Working Capital Changes | 688M | -1.17B | 1.66B | 2.14B | -556M | 534M | 81M | 154M | -1.8B | -780M |
| Cash from Investing | -2.94B | -3.09B | -1.28B | -3.06B | -6.56B | -1.01B | -3.49B | -2.95B | 2.27B | -594M |
| Capital Expenditures | -526M | -612M | -736M | -964M | -1.34B | -1.14B | -1B | -575M | -546M | -572M |
| Acquisitions | -31M | -2.25B | 542M | -709M | -4.19B | 2.36B | -233M | -89M | -81M | -877M |
| Purchase of Investments | -6.26B | -4.69B | -6.36B | -9.13B | -7.2B | -6.05B | -7.55B | -8.19B | -6.44B | -8.51B |
| Sale/Maturity of Investments | 3.88B | 4.47B | 5.82B | 7.73B | 6.14B | 3.8B | 5.09B | 6.36B | 9.42B | 9.33B |
| Other Investing | 2M | -2.12B | -542M | 0 | 26M | 17M | 210M | -461M | -82M | 33M |
| Cash from Financing | -945M | -785M | -2.29B | -1.96B | 3.02B | -1.91B | -856M | -2.49B | -1.22B | -549M |
| Dividends Paid | -220M | -265M | -291M | -323M | -354M | -392M | -431M | -431M | -430M | -429M |
| Share Repurchases | -3.37B | -1.09B | -1.07B | -1.82B | -79M | -2.1B | -1.57B | -817M | -151M | -249M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K |
| Other Financing | 1.89B | -595M | -511M | -890M | -310M | 1.97B | 725M | -1.46B | -1.17B | -595M |
| Net Change in Cash | 165M▲ 0% | -1.7B▼ 1129.7% | 1.71B▲ 200.7% | 619M▼ 63.8% | -1.28B▼ 306.6% | 1.67B▲ 230.3% | -367M▼ 122.0% | -2.47B▼ 573.8% | 1.98B▲ 180.0% | 701M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 3.88B | 4.04B | 2.34B | 4.05B | 4.67B | 3.39B | 5.06B | 4.69B | 2.22B | 4.2B |
| Cash at End | 4.04B | 2.34B | 4.05B | 4.67B | 3.39B | 5.06B | 4.69B | 2.22B | 4.2B | 4.95B |
| Free Cash Flow | 3.52B▲ 0% | 1.56B▼ 55.7% | 4.55B▲ 191.4% | 4.67B▲ 2.8% | 920M▼ 80.3% | 3.45B▲ 275.0% | 2.98B▼ 13.7% | 2.39B▼ 19.7% | 375M▼ 84.3% | 1.27B▲ 0% |
| FCF Growth % | 150.18% | -55.72% | 191.35% | 2.79% | -80.32% | 275% | -13.71% | -19.68% | -84.32% | -46.58% |
| FCF Margin % | 6.55% | 2.74% | 7% | 6.06% | 1.1% | 3.71% | 2.8% | 2.03% | 0.29% | 0.93% |
| FCF per Share | 24.21 | 11.28 | 33.76 | 35.15 | 7.11 | 27.15 | 23.92 | 19.78 | 3.1 | 3.1 |
Humana Inc. (HUM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 93.82% | 96.36% | 94.66% | 93.94% | 95.91% | 96.16% | 96.88% | 98.62% | 98.88% | 98.99% |
| Medical Cost Ratio | 80.65% | 80.35% | 82.76% | 79.67% | 82.73% | 81.46% | 83.05% | 85.45% | 85.46% | 85.99% |
| Return on Equity (ROE) | 23.85% | 16.83% | 24.39% | 26.14% | 19.66% | 17.83% | 15.71% | 7.37% | 6.95% | 6.17% |
| Return on Assets (ROA) | 9.33% | 6.47% | 9.95% | 10.5% | 7.35% | 6.34% | 5.49% | 2.59% | 2.5% | 2.21% |
| Equity / Assets | 36.88% | 40.09% | 41.45% | 39.14% | 35.99% | 35.15% | 34.8% | 35.51% | 36.38% | 33.73% |
| Book Value / Share | 67.6 | 73.42 | 89.34 | 103.21 | 124.45 | 120.93 | 131.13 | 136.06 | 146.8 | 154.54 |
| Debt / Equity | 0.50x | 0.60x | 0.51x | 0.52x | 0.82x | 0.76x | 0.75x | 0.75x | 0.73x | 0.73x |
| Revenue Growth | -1.11% | 5.84% | 14.03% | 18.88% | 8.37% | 11.09% | 14.55% | 10.68% | 10.06% | 14.08% |
Humana Inc. (HUM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 20, 2026·SEC
Apr 10, 2026·SEC
Humana Inc. (HUM) stock FAQ — growth, dividends, profitability & financials explained
Humana Inc. (HUM) grew revenue by 10.1% over the past year. This is steady growth.
Yes, Humana Inc. (HUM) is profitable, generating $1.13B in net income for fiscal year 2025 (0.9% net margin).
Yes, Humana Inc. (HUM) pays a dividend with a yield of 1.44%. This makes it attractive for income-focused investors.
Humana Inc. (HUM) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.
Humana Inc. (HUM) has a combined ratio of 98.9%. A ratio below 100% indicates underwriting profitability.
Humana Inc. (HUM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates