Molina Healthcare, Inc. (MOH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MOH Revenue Growth
Revenue Breakdown (FY 2025)
MOH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MOH Revenue Analysis (2014–2025)
As of May 6, 2026, Molina Healthcare, Inc. (MOH) generated trailing twelve-month (TTM) revenue of $45.08 billion, reflecting slight decline in growth of -3.1% year-over-year. The most recent quarter (Q1 2026) recorded $10.80 billion in revenue, down 5.1% sequentially.
Looking at the longer-term picture, MOH's 5-year compound annual growth rate (CAGR) stands at +18.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $45.43 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MOH's business is primarily driven by Medicaid Solutions Segment (75%), Medicare (14%), and Marketplace (10%). With over half of revenue concentrated in Medicaid Solutions Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including CNC (+17.0% YoY), ALHC (+41.8% YoY), and UNH (+9.7% YoY), MOH has underperformed the peer group in terms of revenue growth. Compare MOH vs CNC →
MOH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MOHCurrent | $45.1B | -3.1% | +18.5% | 1.7% | |
 CNC | $194.8B | +17.0% | +11.9% | -3.9% | |
 ALHC | $3.9B | +41.8% | +32.7% | 0.4% | |
 UNH | $447.6B | +9.7% | +11.7% | 4.2% | |
 CVS | $402.1B | +7.8% | +8.4% | 2.6% | |
 ELV | $199.1B | +9.4% | +10.3% | 4.1% |
MOH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $45.43B | +11.7% | $4.08B | 9.0% | $781.0M | 1.7% |
| 2024 | $40.65B | +19.3% | $4.74B | 11.7% | $1.71B | 4.2% |
| 2023 | $34.07B | +6.6% | $4.33B | 12.7% | $1.57B | 4.6% |
| 2022 | $31.97B | +15.1% | $3.93B | 12.3% | $1.17B | 3.7% |
| 2021 | $27.77B | +43.0% | $3.28B | 11.8% | $1.02B | 3.7% |
| 2020 | $19.42B | +15.4% | $2.68B | 13.8% | $1.08B | 5.6% |
| 2019 | $16.83B | -10.9% | $2.44B | 14.5% | $1.04B | 6.2% |
| 2018 | $18.89B | -5.0% | $2.62B | 13.9% | $1.13B | 6.0% |
| 2017 | $19.88B | +12.3% | $1.88B | 9.5% | $-555,000,000 | -2.8% |
| 2016 | $17.71B | +25.9% | $1.77B | 10.0% | $306.0M | 1.7% |
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Start ComparisonMOH — Frequently Asked Questions
Quick answers to the most common questions about buying MOH stock.
Is MOH's revenue growth accelerating or slowing?
MOH revenue growth slowed to -3.1%, below the 5-year CAGR of +18.5%. TTM revenue is $45.1B. The deceleration marks a shift from historical growth rates.
What is MOH's long-term revenue growth rate?
Molina Healthcare, Inc.'s 5-year revenue CAGR of +18.5% reflects the variable expansion pattern. Current YoY growth of -3.1% is near this long-term average.
How is MOH's revenue distributed by segment?
MOH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.