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MARKETS / NYSE / MOH
NYSE · HOSPITAL & MEDICAL SERVICE PLANS · LARGE CAP

Molina Healthcare, Inc. MOH

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$45.4B
▲ 11.7% YoY
$472.0M
▼ 60.0% YoY
$-636.0M
▼ 216.9% YoY
In brief

What this company does

Molina Healthcare provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. As of December 31, 2025 it served approximately 5.5 million members, located across 21 states. As of that same date the company had approximately 19,000 employees. It reports four segments: Medicaid, Medicare, Marketplace and Other. Medicaid premium revenue constituted 75% of consolidated premium revenue in the year ended December 31, 2025. In Medicare it contracts with CMS under the Medicare Advantage program to provide benefits above original Medicare, including cost-sharing and prescription drug benefits under Part D. Marketplace plans are offered in many of the states where the company offers Medicaid health plans. Founded in 1980 as a provider organization serving low-income families in Southern California, Molina reincorporated in Delaware in 2002.

Written from the business description in MOLINA HEALTHCARE, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth
USD 45.4B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 45.4 · Net income 0.5
20B40B200920112013201520172019202120232025
Compound annual growth
+12.4%
+18.5%
+12.3%
+17.4%
−15.8%
−6.8%
+12.7%
+15.4%
−13.0%
−4.5%
+13.2%
+35.7%
+10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.7% · Net 1.0%
2%4%6%-1%-2%200920112013201520172019202120232025
ROE
FY2025 · ROE 11.0%
20%40%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 1.0B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.6
0.80B1.60B-0.25B-0.50B200920112013201520172019202120232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 1.0
0.4B0.8B-0.2B200920112013201520182020202220242025

USD 1.0B in buybacks — 212% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 15.6B
EquityUSD 4.1B
CashUSD 4.2B
Gross debtUSD 3.8B
Net debtUSD -482.0M
Current ratio1.69×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B45.440.634.132.027.819.416.818.919.917.814.29.76.65.94.54.13.7
Operating income $B0.81.71.61.21.01.11.01.1−0.60.30.40.20.10.00.10.10.1
EBITDA $B1.01.91.71.31.21.21.11.3−0.40.50.50.30.20.10.20.20.1
Income tax $B0.10.40.40.30.20.30.20.3−0.10.20.20.10.00.00.00.00.0
Net income $B0.51.21.10.80.70.70.70.7−0.50.10.10.10.10.00.00.10.0
Free cash flow $B−0.60.51.60.72.01.80.4−0.30.70.51.00.9·····
EPS, diluted $8.9220.4218.7713.5511.2511.2311.4710.61−9.070.922.581.291.130.210.451.320.79
Dividend / sh $·················
Payout %·················
ROE %11.027.130.428.327.933.240.947.4−34.33.211.16.56.31.32.87.6·
Shares out B0.050.060.060.060.060.060.060.060.060.060.060.050.050.050.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHospital & Medical Service Plans
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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