MOLINA HEALTHCARE, INC.
MOH· NYSE· Hospital & Medical Service Plans
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -1.4%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +18.5%
We record prices for the companies we cover; MOH is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 52.9M
- Revenue
- $45.4B
- Free cash flow
- -$636.0M
- Owner earnings
- -$683.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 1.7%
- Net
- 1.0%
- Free cash flow
- -1.4%
- Owner earnings
- -1.5%
- Stock pay
- 0.1%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 11.6%
- ROE, 5 yr avg
- 23.1%
Growth (CAGR)
- Revenue, 3 yr
- 12.4%
- Revenue, 5 yr
- 18.5%
- Revenue, 9 yr
- 11.0%
- Diluted EPS, 3 yr
- -13.0%
- Diluted EPS, 5 yr
- -4.5%
- Diluted EPS, 9 yr
- 28.7%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $8.3B
- Total debt
- $3.8B
- Net cash
- $4.5B
- Debt/Equity
- 0.9x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -2.5%
Financials: ten years from the 10-Ks
Revenue
$45.4B
+11.0% a year over 9 years
FY2016FY2025
Margins
Gross–Operating1.7%Net1.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$636.0MOwner earnings-$683.0M
FY2025
FY2016FY2025
Diluted shares
52.9M
-5.9% over 9 years, net buybacks
FY2016FY2025
Net cash
$4.5B
$4.5B more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $17.8B | $19.9B | $18.9B | $16.8B | $19.4B | $27.8B | $32.0B | $34.1B | $40.6B | $45.4B |
| Revenue growth | 25.4% | 11.8% | -5.0% | -10.9% | 15.4% | 43.0% | 15.1% | 6.6% | 19.3% | 11.7% |
| Gross margin | 9.7% | 9.1% | 13.3% | 13.7% | 12.8% | – | – | – | – | – |
| Operating margin | 1.7% | -2.8% | 6.0% | 6.2% | 5.6% | 3.7% | 3.7% | 4.6% | 4.2% | 1.7% |
| Net income | $52.0M | -$512.0M | $707.0M | $737.0M | $673.0M | $659.0M | $792.0M | $1.1B | $1.2B | $472.0M |
| Net margin | 0.3% | -2.6% | 3.7% | 4.4% | 3.5% | 2.4% | 2.5% | 3.2% | 2.9% | 1.0% |
| Diluted EPS | $0.92 | $-9.07 | $10.61 | $11.47 | $11.23 | $11.25 | $13.55 | $18.77 | $20.42 | $8.92 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $673.0M | $804.0M | -$314.0M | $434.0M | $1.9B | $2.1B | $773.0M | $1.7B | $644.0M | -$535.0M |
| Capital expenditure | $176.0M | $86.0M | $30.0M | $57.0M | $74.0M | $77.0M | $91.0M | $84.0M | $100.0M | $101.0M |
| Free cash flow | $497.0M | $718.0M | -$344.0M | $377.0M | $1.8B | $2.0B | $682.0M | $1.6B | $544.0M | -$636.0M |
| Stock-based compensation | $26.0M | $46.0M | $27.0M | $39.0M | $57.0M | $72.0M | $103.0M | $115.0M | $116.0M | $47.0M |
| Owner earnings? | $471.0M | $672.0M | -$371.0M | $338.0M | $1.8B | $2.0B | $579.0M | $1.5B | $428.0M | -$683.0M |
| Free cash flow per share | $8.84 | $12.73 | $-5.17 | $5.87 | $30.45 | $34.85 | $11.66 | $27.16 | $9.43 | $-12.02 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | $0 | $0 | $47.0M | $606.0M | $128.0M | $400.0M | $0 | $1.0B | $1.0B |
| Diluted shares | 56.2M | 56.4M | 66.6M | 64.2M | 59.9M | 58.6M | 58.5M | 58.1M | 57.7M | 52.9M |
| Share count change? | 0.4% | 0.4% | 18.1% | -3.6% | -6.7% | -2.2% | -0.2% | -0.7% | -0.7% | -8.3% |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.8B | $3.2B | $2.8B | $2.5B | $4.2B | $4.4B | $4.0B | $4.8B | $4.7B | $4.2B |
| Short-term investments | $1.8B | $2.5B | $1.7B | $1.9B | $1.9B | $3.2B | $3.5B | $4.3B | $4.3B | $4.0B |
| Total debt | $1.4B | $1.3B | $1.0B | $1.3B | $2.1B | $2.2B | $2.2B | $2.2B | $2.9B | $3.8B |
| Net debt | -$3.1B | -$4.4B | -$3.5B | -$3.1B | -$3.9B | -$5.5B | -$5.3B | -$6.9B | -$6.1B | -$4.5B |
| Shareholders' equity | $1.6B | $1.3B | $1.6B | $2.0B | $2.1B | $2.6B | $3.0B | $4.2B | $4.5B | $4.1B |
Latest filings
| 2026-10-22 | 10-Q | Quarterly report |
| 2026-10-21 | 8-K | Earnings release |
| 2026-07-23 | 10-Q | Quarterly report |
| 2026-07-22 | 8-K | Earnings release |
| 2026-04-23 | 10-Q | Quarterly report |
| 2026-04-22 | 8-K | Earnings release |
| 2026-03-23 | DEF 14A | Proxy statement |
| 2026-02-10 | 10-K | Annual report |
| 2026-02-05 | 8-K | Earnings release |
| 2025-10-23 | 10-Q | Quarterly report |
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