Molina Healthcare, Inc. (MOH)

NYSE: MOH · Real-Time Price · USD

198.77

-1.23 (-0.61%)

At close: Aug 31, 2026, 4:00 PM EDT

198.14

-0.63 (-0.32%)

After-hours: Aug 31, 2026, 5:25 PM EDT

Molina Healthcare Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	42,469	43,563	39,164	33,003	31,101	26,984
Revenue Growth	1.84%	11.23%	18.67%	6.12%	15.26%	46.85%
Operating Income	299	784	1,707	1,573	1,381	1,020
Net Income	-7	472	1,179	1,091	792	659
Earnings Per Share	-0.14	8.92	20.42	18.77	13.55	11.25
EPS Growth	-	-56.32%	8.79%	38.52%	20.44%	0.18%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Medicaid	32,057	32,240	30,579	26,327	24,827	21,231
Medicare	6,241	6,235	5,542	4,179	3,795	3,379
Marketplace	3,635	4,487	2,506	2,023	2,261	3,091
Other Segment	82	177	81	76	71	70
Other Operating	2,485	2,287	1,942	1,467	1,020	-
Revenue (Total)	44,522	45,426	40,650	34,072	31,974	27,771

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	4,985	4,248	4,662	4,848	4,006	4,438
Total Debt	3,953	4,046	3,224	2,511	2,531	2,541
Net Cash (Debt)	1,032	202	1,438	2,337	1,475	1,897
Net Cash Growth	10.26%	-85.95%	-38.47%	58.44%	-22.25%	10.68%
Net Cash Per Share	20.14	3.82	24.92	40.22	25.21	32.37

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	365	-535	644	1,662	773	2,119
Capital Expenditures	-94	-101	-100	-84	-91	-77
Free Cash Flow	271	-636	544	1,578	682	2,042
Free Cash Flow Growth	-36.53%	-	-65.53%	131.38%	-66.60%	11.95%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	0.70%	1.80%	4.36%	4.77%	4.44%	3.78%
Pretax Margin	-0.01%	1.35%	4.06%	4.44%	3.42%	3.24%
Profit Margin	-0.02%	1.08%	3.01%	3.31%	2.55%	2.44%
FCF Margin	0.64%	-1.46%	1.39%	4.78%	2.19%	7.57%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	18.90	14.12	19.31	24.35	28.19
Forward PE	28.35	14.80	11.25	16.06	16.97	19.68
P/FCF Ratio	38.21	-	30.60	13.35	28.28	9.10
PS Ratio	0.24	0.21	0.43	0.64	0.62	0.69