MOLINA HEALTHCARE, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:34:46Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -662.00M | 520.00M | 1.55B | 667.00M | 2.02B | 1.81B |
| EBITDA | 976.00M | 1.89B | 1.74B | 1.35B | 1.15B | 1.17B |
| Working Capital | 5.07B | 4.88B | 4.37B | 3.23B | 3.02B | 2.91B |
| Net Debt | -202.00M | -1.44B | -2.34B | -1.48B | -1.90B | -1.71B |
| Gross Margin | 13.07% | 15.31% | 15.86% | 15.01% | 14.64% | 12.76% |
| Operating Margin | 1.72% | 4.20% | 4.62% | 3.67% | 3.67% | 5.55% |
| Net Margin | 1.04% | 2.90% | 3.20% | 2.48% | 2.37% | 3.46% |
| Return on Equity (ROE) | 11.60% | 26.22% | 25.88% | 26.72% | 25.06% | 32.11% |
| Return on Assets (ROA) | 3.03% | 7.54% | 7.33% | 6.43% | 5.40% | 7.06% |
| Current Ratio | 1.69× | 1.62× | 1.54× | 1.47× | 1.43× | 1.59× |
| Debt-to-Equity | 0.99× | 0.72× | 0.60× | 0.85× | 0.97× | 1.16× |
| Effective Tax Rate | 19.86% | 25.80% | 25.48% | 25.49% | 24.69% | 29.97% |
| Cash Conversion Ratio | -1.13× | 0.55× | 1.52× | 0.98× | 3.22× | 2.82× |
| Accruals Ratio | 0.06× | 0.03× | -0.04× | 0.00× | -0.12× | -0.13× |
| SBC % of Revenue | 0.10% | 0.29% | 0.34% | 0.32% | 0.26% | 0.29% |
| CapEx Coverage | -4.21× | 5.19× | 15.39× | 7.29× | 22.31× | 22.87× |
| Free Cash Flow Per Share | $-12.51 | $9.01 | $26.75 | $11.40 | $34.54 | $30.30 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 19.46× | 14.25× | 19.25× | 24.37× | 28.27× | 18.94× |
| P/FCF | — | 32.30× | 13.51× | 28.96× | 9.21× | 7.02× |
| FCF Yield | — | 3.10% | 7.40% | 3.45% | 10.86% | 14.25% |
| EV / EBITDA | 8.86× | 7.85× | 10.68× | 13.10× | 14.38× | 9.29× |
| P/S | 0.19× | 0.40× | 0.61× | 0.60× | 0.66× | 0.65× |
| P/B | 2.18× | 3.63× | 4.97× | 6.46× | 7.01× | 5.99× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 45.43B | 40.65B | 34.07B | 31.97B | 27.77B | 19.42B |
| Cost of Goods and Services Sold | 39.49B | 34.43B | 28.67B | 27.18B | 23.70B | 15.82B |
| Gross Profit | — | — | — | — | — | 2.48B |
| Operating Income (Loss) | 781.00M | 1.71B | 1.57B | 1.17B | 1.02B | 1.08B |
| Income Tax Expense (Benefit) | 117.00M | 410.00M | 373.00M | 271.00M | 216.00M | 288.00M |
| Net Income (Loss) Attributable to Parent | 472.00M | 1.18B | 1.09B | 792.00M | 659.00M | 673.00M |
| Earnings Per Share, Basic | $8.93 | $20.52 | $18.91 | $13.72 | $11.40 | $11.40 |
| Weighted Average Number of Shares Outstanding, Basic | 52.80M | 57.40M | 57.70M | 57.80M | 57.80M | 59.00M |
| Earnings Per Share, Diluted | $8.92 | $20.42 | $18.77 | $13.55 | $11.25 | $11.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 52.90M | 57.70M | 58.10M | 58.50M | 58.60M | 59.90M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 4.25B | 4.66B | 4.85B | 4.01B | 4.44B | 4.15B |
| Assets, Current | 12.44B | 12.77B | 12.54B | 10.08B | 10.06B | 7.88B |
| Assets | 15.56B | 15.63B | 14.89B | 12.31B | 12.21B | 9.53B |
| Liabilities, Current | 7.37B | 7.90B | 8.17B | 6.86B | 7.05B | 4.96B |
| Long-term Debt, Excluding Current Maturities | 3.77B | 2.92B | 2.18B | 2.18B | 2.17B | 2.13B |
| Liabilities | 11.49B | 11.13B | 10.68B | 9.35B | 9.58B | 7.44B |
| Stockholders' Equity Attributable to Parent | 4.07B | 4.50B | 4.21B | 2.96B | 2.63B | 2.10B |
| Common Stock, Shares, Outstanding | 51.00M | 56.00M | 58.00M | 58.00M | 58.00M | 59.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -535.00M | 644.00M | 1.66B | 773.00M | 2.12B | 1.90B |
| Payments to Acquire Property, Plant, and Equipment | 101.00M | 100.00M | 84.00M | 91.00M | 77.00M | 74.00M |
| Net Cash Provided by (Used in) Investing Activities | 312.00M | -464.00M | -744.00M | -790.00M | -1.65B | -400.00M |
| Payments for Repurchase of Common Stock | 1.00B | 1.00B | 0 | 400.00M | 128.00M | 606.00M |
| Net Cash Provided by (Used in) Financing Activities | -170.00M | -347.00M | -58.00M | -441.00M | -183.00M | 217.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.05B | -297.00M | -339.00M | -176.00M | 168.00M | -235.00M |
| EBITDA | 122.00M | -118.00M | — | — | 481.00M | 428.00M |
| Working Capital | 5.14B | 5.07B | 5.07B | 5.24B | 5.10B | 4.88B |
| Net Debt | -1.37B | -202.00M | -369.00M | -936.00M | -1.09B | -1.44B |
| Gross Margin | 14.13% | 10.89% | 12.49% | 13.98% | 14.96% | 14.25% |
| Operating Margin | 0.77% | -1.42% | 1.19% | 3.26% | 3.88% | 3.62% |
| Net Margin | 0.13% | -1.41% | 0.69% | 2.23% | 2.67% | 2.39% |
| Return on Equity (ROE) | 0.34% | -3.93% | 1.89% | 5.54% | 6.91% | 5.58% |
| Return on Assets (ROA) | 0.09% | -1.03% | 0.50% | 1.57% | 1.82% | 1.61% |
| Current Ratio | 1.63× | 1.69× | 1.68× | 1.66× | 1.63× | 1.62× |
| Debt-to-Equity | 0.97× | 0.99× | 0.92× | 0.77× | 0.87× | 0.72× |
| Effective Tax Rate | 51.72% | 25.23% | 10.23% | 21.54% | 23.59% | 27.46% |
| Cash Conversion Ratio | 77.29× | 1.86× | -3.00× | -0.44× | 0.64× | -0.89× |
| Accruals Ratio | -0.07× | 0.01× | 0.02× | 0.02× | 0.01× | 0.03× |
| SBC % of Revenue | 0.31% | 0.18% | 0.24% | 0.26% | 0.24% | 0.17% |
| CapEx Coverage | 40.07× | 298.00× | -2.32× | -1.75× | 8.64× | -20.36× |
| Free Cash Flow Per Share | $20.69 | $-5.61 | $-6.46 | $-3.28 | $3.07 | $-4.07 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 36.42× | 19.63× | 11.84× | 14.67× | 15.90× | 14.24× |
| P/S | 0.15× | 0.19× | 0.22× | 0.37× | 0.42× | 0.40× |
| P/B | 1.70× | 2.18× | 2.33× | 3.49× | 4.13× | 3.63× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 10.80B | 11.38B | 11.48B | 11.43B | 11.15B | 10.50B |
| Cost of Goods and Services Sold | 9.27B | 10.14B | 10.04B | 9.83B | 9.48B | 9.00B |
| Operating Income (Loss) | 83.00M | -162.00M | 137.00M | 373.00M | 433.00M | 380.00M |
| Income Tax Expense (Benefit) | 15.00M | -54.00M | 9.00M | 70.00M | 92.00M | 95.00M |
| Net Income (Loss) Attributable to Parent | 14.00M | -160.00M | 79.00M | 255.00M | 298.00M | 251.00M |
| Earnings Per Share, Basic | $0.27 | $-2.88 | $1.51 | $4.75 | $5.47 | $4.47 |
| Weighted Average Number of Shares Outstanding, Basic | 50.90M | 52.80M | 52.50M | 53.60M | 54.60M | 57.40M |
| Earnings Per Share, Diluted | $0.27 | $-2.87 | $1.51 | $4.75 | $5.45 | $4.45 |
| Weighted Average Number of Shares Outstanding, Diluted | 51.00M | 52.90M | 52.50M | 53.70M | 54.80M | 57.70M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.31B | 4.25B | 4.22B | 4.50B | 4.86B | 4.66B |
| Assets, Current | 13.33B | 12.44B | 12.55B | 13.11B | 13.26B | 12.77B |
| Assets | 16.39B | 15.56B | 15.70B | 16.21B | 16.39B | 15.63B |
| Liabilities, Current | 8.19B | 7.37B | 7.48B | 7.88B | 8.15B | 7.90B |
| Long-term Debt, Excluding Current Maturities | 3.77B | 3.77B | 3.66B | 3.38B | 3.57B | 2.92B |
| Liabilities | 12.31B | 11.49B | 11.51B | 11.61B | 12.08B | 11.13B |
| Stockholders' Equity Attributable to Parent | 4.08B | 4.07B | 4.19B | 4.60B | 4.31B | 4.50B |
| Common Stock, Shares, Outstanding | 52.00M | 51.00M | 51.00M | 54.00M | 54.00M | 56.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.08B | -298.00M | -237.00M | -112.00M | 190.00M | -224.00M |
| Payments to Acquire Property, Plant, and Equipment | 27.00M | -1.00M | 102.00M | 64.00M | 22.00M | 11.00M |
| Net Cash Provided by (Used in) Investing Activities | 11.00M | 230.00M | 82.00M | 5.00M | -123.00M | 19.00M |
| Payments for Repurchase of Common Stock | 0 | 0 | 1.00B | 500.00M | 500.00M | 500.00M |
| Net Cash Provided by (Used in) Financing Activities | -20.00M | 92.00M | -262.00M | -42.00M | 147.00M | 67.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MOH CIK 0001179929),
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