8-K Announcements
6Apr 22, 2026·SEC
Feb 26, 2026·SEC
Feb 6, 2026·SEC
Molina Healthcare, Inc. (MOH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Molina Healthcare, Inc. (MOH) stock price & volume — 10-year historical chart
Molina Healthcare, Inc. (MOH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Molina Healthcare, Inc. (MOH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $2.35vs $1.57+49.7% | $10.8Bvs $10.9B-0.7% |
| Q1 2026 | Feb 5, 2026 | $2.75vs $0.43-739.5% | $11.4Bvs $10.9B+4.6% |
| Q4 2025 | Oct 22, 2025 | $1.84vs $3.97-53.7% | $11.5Bvs $11.3B+1.7% |
| Q3 2025 | Jul 23, 2025 | $5.48vs $5.62-2.5% | $11.4Bvs $11.0B+4.3% |
Molina Healthcare, Inc. (MOH) competitors in Government Program Managed Care — business model, growth, and fundamentals comparison
Molina Healthcare, Inc. (MOH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Molina Healthcare, Inc. (MOH) 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 | 19.88B | 18.89B | 16.83B | 19.42B | 27.77B | 31.97B | 34.07B | 40.65B | 45.43B | 45.08B |
| Revenue Growth % | 12.26% | -4.99% | -10.91% | 15.41% | 42.98% | 15.13% | 6.56% | 19.31% | 11.75% | 7.66% |
| Medical Costs & Claims | 18B | 16.27B | 14.39B | 16.75B | 24.49B | 28.05B | 29.74B | 35.91B | 41.35B | 40.75B |
| 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 Expenses | 19.95B | 17.01B | 1.39B | 1.6B | 2.26B | 2.75B | 2.76B | 3.03B | 3.29B | 3.8B |
| OpEx / Revenue % | 100.32% | 90.06% | 8.23% | 8.23% | 8.14% | 8.61% | 8.1% | 7.45% | 7.25% | 8.42% |
| Depreciation & Amortization | 178M | 127M | 89M | 88M | 131M | 176M | 171M | 186M | 195M | 186M |
| 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 | -377M | 1.26B | 1.13B | 1.17B | 1.15B | 1.35B | 1.74B | 1.89B | 976M | 710M |
| EBITDA Margin % | -1.9% | 6.66% | 6.73% | 6% | 4.14% | 4.22% | 5.12% | 4.66% | 2.15% | 1.58% |
| Interest Expense | 118M | 115M | 87M | 102M | 120M | 110M | 109M | 118M | 192M | 203M |
| Non-Operating Income | -61M | 17M | -15M | 15M | 25M | 0 | 0 | 0 | 0 | 93M |
| 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 | -100M | 292M | 235M | 288M | 216M | 271M | 373M | 410M | 117M | 40M |
| 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) | -9.14 | 10.61 | 11.85 | 11.41 | 11.40 | 13.70 | 18.71 | 20.52 | 8.93 | - |
| Diluted Shares Outstanding | 56M | 67M | 64.2M | 59.9M | 58.6M | 58.5M | 58.1M | 57.7M | 50.79M | 51M |
Molina Healthcare, Inc. (MOH) 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 | 8.47B | 7.15B | 6.79B | 9.53B | 12.21B | 12.31B | 14.89B | 15.63B | 15.56B | 16.39B |
| Asset Growth % | 13.72% | -15.55% | -5.13% | 40.45% | 28.08% | 0.86% | 20.94% | 4.96% | -0.42% | 5.97% |
| Total Investment Assets | 2.64B | 1.8B | 2.02B | 1.88B | 3.2B | 3.5B | 4.26B | 4.33B | 0 | 2M |
| Long-Term Investments | 119M | 120M | 79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Investments | 2.52B | 1.68B | 1.95B | 1.88B | 3.2B | 3.5B | 4.26B | 4.33B | 0 | 0 |
| Total Current Assets | 7.51B | 6.46B | 5.97B | 7.88B | 10.06B | 10.08B | 12.54B | 12.77B | 12.44B | 13.33B |
| Cash & Equivalents | 3.19B | 2.83B | 2.45B | 4.15B | 4.44B | 4.01B | 4.85B | 4.66B | 4.25B | 5.31B |
| Receivables | 871M | 1.33B | 1.41B | 1.67B | 2.18B | 2.3B | 3.1B | 3.3B | 3.53B | 14.33B |
| Other Current Assets | 691M | 476M | 0 | 0 | 0 | 277M | 331M | 487M | 4.66B | 4.59B |
| Goodwill & Intangibles | 255M | 190M | 172M | 941M | 1.25B | 1.39B | 1.45B | 1.94B | 2.19B | 8.66B |
| Goodwill | 186M | 143M | 143M | 692M | 982M | 1.11B | 1.24B | 1.67B | 2.19B | 2.09B |
| Intangible Assets | 69M | 47M | 29M | 249M | 270M | 275M | 208M | 267M | 0 | 0 |
| PP&E (Net) | 342M | 241M | 385M | 391M | 396M | 259M | 270M | 288M | 301M | 300M |
| Other Assets | 141M | 24M | 105M | 255M | 391M | 361M | 404M | 424M | 446M | 458M |
| Total Liabilities | 7.13B | 5.51B | 4.83B | 7.44B | 9.58B | 9.35B | 10.68B | 11.13B | 11.49B | 12.31B |
| Total Debt | 2.17B | 1.46B | 1.49B | 2.35B | 2.39B | 2.39B | 2.38B | 3.12B | 3.95B | 3.95B |
| Net Debt | -1.02B | -1.37B | -966M | -1.8B | -2.05B | -1.61B | -2.46B | -1.54B | -298M | -1.37B |
| Long-Term Debt | 1.32B | 1.02B | 1.24B | 2.13B | 2.17B | 2.18B | 2.18B | 2.92B | 3.77B | 3.95B |
| Short-Term Debt | 652M | 240M | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5.56B | 4.25B | 3.27B | 4.96B | 7.05B | 6.86B | 8.17B | 7.9B | 7.37B | 8.19B |
| Accounts Payable | 366M | 390M | 502M | 641M | 842M | 889M | 1.25B | 1.33B | 0 | 0 |
| Deferred Revenue | 282M | 211M | 249M | 375M | 370M | 359M | 418M | 51M | 0 | 401M |
| Other Current Liabilities | 522M | 476M | -18M | 0 | 0 | 0 | 0 | 0 | 7.37B | 7.79B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 61M | 44M | 90M | 119M | 140M | 104M | 124M | 120M | 173M | 176M |
| 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 Equity | 1.34B | 1.65B | 1.96B | 2.1B | 2.63B | 2.96B | 4.21B | 4.5B | 4.07B | 4.08B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 298M | 1.01B | 1.78B | 1.86B | 2.4B | 2.8B | 3.89B | 4.09B | 3.6B | 3.62B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5M | -8M | 4M | 37M | -5M | -160M | -82M | -57M | 15M | -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 / Assets | 15.78% | 23.02% | 28.88% | 21.99% | 21.54% | 24.07% | 28.3% | 28.77% | 26.14% | 24.89% |
| Debt / Equity | 1.62x | 0.89x | 0.76x | 1.12x | 0.91x | 0.81x | 0.57x | 0.69x | 0.97x | 0.97x |
| Book Value per Share | 23.88 | 24.58 | 30.53 | 34.99 | 44.88 | 50.67 | 72.55 | 77.92 | 80.11 | 80.00 |
| Tangible BV per Share | 19.32 | 21.75 | 27.85 | 19.28 | 23.52 | 26.91 | 47.61 | 44.33 | 36.89 | 38.98 |
Molina Healthcare, Inc. (MOH) 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 | 804M | -314M | 427M | 1.89B | 2.12B | 773M | 1.66B | 644M | -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 | -512M | 707M | 737M | 673M | 659M | 792M | 1.09B | 1.18B | 472M | 188M |
| Depreciation & Amortization | 178M | 127M | 89M | 88M | 131M | 176M | 171M | 186M | 195M | 142M |
| Stock-Based Compensation | 46M | 27M | 39M | 57M | 72M | 103M | 115M | 116M | 47M | 33M |
| Deferred Taxes | -94M | -6M | 10M | -19M | -24M | -66M | -31M | 53M | 43M | -6M |
| Other Non-Cash Items | 597M | 80M | -15M | 27M | 58M | 216M | 2M | 8M | -3M | -183M |
| Working Capital Changes | 589M | -1.25B | -433M | 1.06B | 1.22B | -448M | 314M | -898M | -1.29B | 183M |
| Cash from Investing | -1.07B | 1.14B | -293M | -400M | -1.65B | -790M | -744M | -464M | 312M | 446M |
| Capital Expenditures | -86M | -30M | -57M | -74M | -77M | -91M | -84M | -100M | -101M | -106M |
| Acquisitions | 0 | 190M | 0 | -755M | -129M | -134M | -3M | -344M | -245M | 0 |
| Purchase of Investments | -2.72B | -1.44B | -2.54B | -670M | -2.71B | -1.91B | -1.43B | -1.13B | -751M | -811M |
| Sale/Maturity of Investments | 1.77B | 2.44B | 2.3B | 1.1B | 1.33B | 1.4B | 772M | 1.11B | 1.41B | 1.37B |
| Other Investing | -40M | -18M | -2M | 2M | -63M | -50M | 4M | 1M | 1M | -9M |
| Cash from Financing | 636M | -1.19B | -552M | 217M | -183M | -441M | -58M | -347M | -170M | -337M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -47M | -606M | -128M | -400M | -60M | -1B | -1B | -500M |
| Stock Issued | 19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K |
| Other Financing | -8M | -531M | -485M | -36M | -19M | -41M | 2M | -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 Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M |
| Cash at Beginning | 2.82B | 3.29B | 2.93B | 2.51B | 4.22B | 4.51B | 4.05B | 4.91B | 4.74B | 4.35B |
| Cash at End | 3.19B | 2.93B | 2.51B | 4.22B | 4.51B | 4.05B | 4.91B | 4.74B | 4.35B | 5.42B |
| 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 Share | 12.82 | -5.13 | 5.76 | 30.32 | 34.85 | 11.66 | 27.16 | 9.43 | -12.52 | -12.52 |
Molina Healthcare, Inc. (MOH) 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 | 190.86% | 176.17% | 93.76% | 94.45% | 96.33% | 96.33% | 95.38% | 95.8% | 98.28% | 98.84% |
| Medical Cost Ratio | 90.54% | 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 / Assets | 15.78% | 23.02% | 28.88% | 21.99% | 21.54% | 24.07% | 28.3% | 28.77% | 26.14% | 24.89% |
| Book Value / Share | 23.88 | 24.58 | 30.53 | 34.99 | 44.88 | 50.67 | 72.55 | 77.92 | 80.11 | 80 |
| Debt / Equity | 1.62x | 0.89x | 0.76x | 1.12x | 0.91x | 0.81x | 0.57x | 0.69x | 0.97x | 0.97x |
| Revenue Growth | 12.26% | -4.99% | -10.91% | 15.41% | 42.98% | 15.13% | 6.56% | 19.31% | 11.75% | 7.66% |
Molina Healthcare, Inc. (MOH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Feb 26, 2026·SEC
Feb 6, 2026·SEC
Molina Healthcare, Inc. (MOH) stock FAQ — growth, dividends, profitability & financials explained
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).
Molina Healthcare, Inc. (MOH) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.
Molina Healthcare, Inc. (MOH) has a combined ratio of 98.3%. A ratio below 100% indicates underwriting profitability.
Molina Healthcare, Inc. (MOH) 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