Molina Healthcare, Inc. logo MOH - Molina Healthcare, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 17
HOLD 16
SELL 6
STRONG
SELL 0
| PRICE TARGET: $198.23 DETAILS
HIGH: $286.00
LOW: $124.00
MEDIAN: $202.00
CONSENSUS: $198.23
DOWNSIDE: 17.50%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 45,426 40,650 34,072 31,974 27,771 19,423 16,829 18,890 19,883 17,711 14,072 9,666.6 6,588.9 6,028.8 4,769.9 4,086.0 3,669.4 3,112.4 2,492.5 2,005.0 1,650.1 1,175.3 793.5 644.2 503.9 329.4 185.8
Cost of Revenue 39,488 35,914 29,738 28,048 24,491 16,746 14,394 16,266 18,003 15,941 12,434 8,616.1 5,713.6 5,397.0 4,004.0 3,449.5 3,176.2 2,621.3 2,080.1 1,678.7 1,424.9 984.7 657.9 530.0 408.4 0 0
Gross Profit 5,938 4,736 4,334 3,926 3,280 2,677 2,435 2,624 1,880 1,770 1,638 1,050.5 875.3 631.8 577.5 636.5 493.1 491.1 412.4 326.3 225.2 190.6 135.6 644.2 95.4 329.4 185.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 3,009 2,743 2,462 2,311 2,068 1,480 1,296 1,333 1,594 1,393 1,147 764.7 666.0 532.6 415.9 346.0 399.1 344.8 285.3 229.1 163.3 94.2 61.5 61.2 42.8 38.7 18.5
Other Expenses 2,148 286 299 234 192 119 89 15,680 18,352 139 104 92.9 72.7 77.7 205.3 185.5 38.1 33.7 28.7 21.5 16.1 8.9 6.3 4.1 2.4 266.5 149.8
Operating Expenses 5,157 3,029 2,761 2,545 2,260 1,599 1,385 17,013 19,946 1,532 1,251 857.6 738.7 596.3 621.2 531.5 437.3 378.4 314.0 250.5 179.4 103.0 67.9 65.3 45.2 305.2 168.3
Operating Income
Operating Income 781 1,707 1,573 1,381 1,020 1,078 1,044 1,131 (555) 306 387 192.9 136.6 41.1 80.2 105.0 57.4 112.6 98.3 75.8 45.8 87.6 67.7 48.8 50.2 24.2 17.5
Interest Expense 192 118 109 110 120 102 87 115 118 101 66 56.8 52.1 16.8 15.5 15.5 13.8 8.7 4.6 2.4 1.5 1.0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 976 1,893 1,744 1,349 1,126 1,151 1,148 1,241 (316) 488 514 332.7 214.1 118.3 210.2 165.8 94.0 146.3 126.3 97.3 60.9 95.3 74.1 1,182.4 52.6 26.3 19.1
EBIT 781 1,707 1,573 1,173 995 1,063 1,059 1,114 (494) 306 388 192 133.2 40.1 135.8 105.0 51.9 112.6 98.3 75.8 45.8 88.7 67.7 48.8 50.2 24.2 17.5
Income Before Tax 589 1,589 1,464 1,063 875 961 972 999 (612) 137 322 135.3 81.1 19.1 64.7 89.5 43.6 103.9 93.7 73.5 43.9 87.7 66.4 48.4 49.7 24.0 16.3
Income Tax Expense 117 410 373 271 216 288 235 292 (100) 129 179 72.7 36.3 9.3 43.8 34.5 12.7 41.5 35.4 27.7 16.3 31.9 23.9 17.9 19.5 9.1 8.0
Net Income 472 1,179 1,091 792 659 673 737 707 (512) 8 143 62.2 52.9 9.8 20.8 55.0 30.9 62.4 58.3 45.7 27.6 55.8 42.5 30.5 30.1 15.0 9.5
Per Share Data
EPS (Basic) 8.93 20.52 18.71 13.70 11.40 11.41 11.85 10.61 -9.14 0.93 2.75 1.33 1.16 0.21 0.45 1.34 0.79 1.50 1.37 1.09 0.67 1.38 1.27 1.02 1.01 0.50 0.31
EPS (Diluted) 8.92 20.42 18.78 13.54 11.25 11.24 11.48 10.55 -9.14 0.92 2.58 1.29 1.13 0.21 0.45 1.32 0.79 1.50 1.37 1.08 0.65 1.36 1.25 0.99 0.97 0.49 0.31
Shares Outstanding 50.8 57.4 58.1 57.8 57.8 59 62.2 66.6 56 55 52 47 46 46.4 45.8 41.2 39.0 41.7 42.4 41.9 41.6 40.4 33.3 30 30 30 30
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Current Assets
Cash & Cash Equivalents 4,248 4,662 4,848 4,006 4,438 4,154 2,452 2,826 3,186 2,819 2,329 1,539 935.9 795.8 493.8 455.9 469.5 387.2 459.1 403.6 249.2 228.1 141.8 139.3 102.8 45.8 26.1
Short-Term Investments 4,008 4,325 4,259 3,499 3,202 1,875 1,946 1,681 2,524 1,758 1,801 1,019 703.1 342.8 336.9 295.4 174.8 189.9 242.9 81.5 103.4 88.5 98.8 0 0 0 0
Net Receivables 3,533 3,299 3,104 2,302 2,177 1,672 1,406 1,330 871 1,013 610 596 331.7 149.7 179.6 168.2 142.7 132.6 111.5 118.8 73.5 65.4 53.7 30.5 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 655 487 331 277 0 0 0 476 691 267 374 0 26.6 32.4 18.3 15.7 8.8 9.1 8.6 0.3 2.3 4.0 2.4 2.1 (102.8) (45.8) (26.1)
Total Current Assets 12,444 12,773 12,542 10,084 10,064 7,876 5,967 6,462 7,511 5,988 5,306 3,203 2,039.7 1,349.1 1,048.1 957.9 810.2 733.5 834.6 613.5 438.8 394.3 302.1 177.6 0 0 0
Non-Current Assets
Property, Plant & Equipment 301 288 270 259 396 391 385 241 342 454 393 341 292.1 221.4 190.9 100.5 78.2 65.1 49.6 41.9 31.8 25.8 18.4 13.7 0 0 0
Goodwill 1,958 1,671 1,241 1,115 982 692 143 143 186 620 519 272 230.7 151.1 154.0 212.2 133.4 113.5 117.4 57.7 43.3 44.4 3.8 0 0 0 0
Intangible Assets 237 267 208 275 270 249 29 47 69 140 122 89 98.9 77.7 101.8 105.5 80.8 79.1 89.8 85.5 81.7 54.3 8.4 6.1 0 0 0
Long-Term Investments 0 0 0 0 0 0 79 120 119 110 109 102 63.1 13.4 16.1 62.5 96.0 96.4 29.0 0 8.0 4.1 7.9 3.4 0 0 0
Other Non-Current Assets 446 424 404 361 391 255 105 24 141 127 109 413 278.5 122.0 141.2 70.5 45.4 56.1 50.9 65.9 56.4 10.8 2 2 0 0 0
Total Non-Current Assets 3,120 2,857 2,350 2,230 2,145 1,656 820 692 960 1,460 1,270 1,232 963.3 585.7 604.1 551.3 433.8 414.6 336.7 251.0 221.1 139.5 42.5 27.4 0 0 0
Total Assets 15,564 15,630 14,892 12,314 12,209 9,532 6,787 7,154 8,471 7,449 6,576 4,435 3,002.9 1,934.8 1,652.1 1,509.2 1,244.0 1,148.1 1,171.3 864.5 659.9 533.9 344.6 205.0 149.6 102.0 101.6
Current Liabilities
Account Payables 1,093 1,331 1,252 889 842 641 502 390 366 385 362 242 263.0 184.0 147.2 492.3 387.0 358.7 380.9 336.8 248.6 183.2 117.0 102.9 0 0 0
Short-Term Debt 0 0 0 0 0 0 18 240 652 471 449 0.3 182.0 1.2 1.2 0 0 0 0 0 0 0.2 0 0.1 0 0 17.3
Deferred Revenue 66 51 418 359 370 375 249 211 282 315 223 196 122.2 141.8 50.9 60.1 102.0 13.8 40.1 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 (18) 476 522 267 374 (0.3) 0 0 0 0 0 0 0 18.1 1.0 1.7 0 0 0 0 (17.3)
Total Current Liabilities 7,372 7,896 8,168 6,855 7,047 4,965 3,269 4,246 5,557 4,570 3,822 2,175 1,294.0 828.0 601.8 565.5 489.0 388.2 426.9 354.9 249.6 192.1 119.8 102.9 0 0 0
Non-Current Liabilities
Long-Term Debt 3,766 2,923 2,180 2,176 2,173 2,127 1,237 1,020 1,318 975 962 690 416.4 261.8 216.9 188.7 184.4 192.2 229.2 45 0 1.7 0 3.3 3.4 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 15 0 24.3 0.6 37.9 33.1 16.2 12.5 12.9 10.1 6.7 4.8 5.3 0 0 0 0 0
Other Non-Current Liabilities 173 120 124 104 140 119 90 44 61 42 37 338.7 212.6 24.8 45.2 19.7 15.4 22.9 14.5 37.7 42.7 4.1 3.4 3.5 (3.4) 0 0
Total Non-Current Liabilities 4,123 3,238 2,509 2,495 2,532 2,471 1,558 1,261 1,577 1,230 1,197 1,250 816.0 324.5 295.2 224.6 212.3 228.1 253.9 89.4 47.5 11.1 3.4 6.8 0 0 0
Total Liabilities 11,495 11,134 10,677 9,350 9,579 7,436 4,827 5,507 7,134 5,800 5,019 3,425 2,110 1,152.5 897.1 790.2 701.3 616.3 680.8 444.3 297.1 203.2 123.3 109.7 84.9 67.4 81.0
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0
Retained Earnings 3,602 4,091 3,887 2,796 2,399 1,860 1,781 1,012 298 810 758 615 553.1 500.2 490.4 469.6 414.6 383.8 324.8 266.9 221.1 193.6 137.8 95.3 0 0 0
Accumulated Other Comprehensive Income 15 (57) (82) (160) (5) 37 4 (8) (5) (2) (4) (1) (1.1) (0.5) (1.4) (2.2) (1.8) (2.3) 0.3 (0.3) (0.6) (0.2) 0.1 0 0 0 0
Total Stockholders' Equity 4,069 4,496 4,215 2,964 2,630 2,096 1,960 1,647 1,337 1,649 1,557 1,010 892.9 782.3 755.1 719.1 542.7 531.8 490.5 420.2 362.9 330.6 221.3 95.3 64.8 34.6 20.6
Total Liabilities & Equity 15,564 15,630 14,892 12,314 12,209 9,532 6,787 7,154 8,471 7,449 6,576 4,435 3,002.9 1,934.8 1,652.1 1,509.2 1,244.0 1,148.1 1,171.3 864.5 659.9 533.9 344.6 205.0 149.6 102.0 101.6
Debt Metrics
Total Debt 3,950 3,118 2,385 2,391 2,392 2,352 1,486 1,458 2,169 1,645 1,609 887.3 784.9 262.9 218.1 188.7 184.4 192.2 229.2 45 0 1.9 0 3.4 3.4 0 17.3
Net Debt (298) (1,544) (2,463) (1,615) (2,046) (1,802) (966) (1,368) (1,017) (1,174) (720) (651.7) (151.0) (532.8) (275.7) (267.2) (285.1) (194.9) (229.8) (358.6) (249.2) (226.2) (141.8) (135.9) (99.3) (45.8) (8.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Operating Activities
Net Income 472 1,179 1,091 792 659 673 737 707 (512) 8 143 62.2 52.9 9.8 20.8 55.0 30.9 62.4 58.3 45.7 27.6 55.8 42.5 30.5
Depreciation & Amortization 195 186 171 176 131 88 89 127 178 182 126 134.4 93.9 78.8 74.4 60.8 38.1 35.3 28.0 21.5 15.1 8.9 6.3 4.1
Stock-Based Compensation 47 116 115 103 72 57 39 27 46 26 23 21.7 28.7 20.0 17.1 9.5 7.5 7.8 7.2 5.5 1.3 0.2 1.2 0
Change in Working Capital (1,289) (898) 314 (448) 1,223 1,064 (433) (1,249) 589 388 791 810.7 5.1 230.2 21.5 34.9 74.4 (63.9) 73.2 29.1 48.7 19.6 (5.0) 33.1
Other Non-Cash Items (3) 8 2 216 58 27 (15) 80 597 47 49 33.6 40.5 15.4 77.8 5.6 4.1 0.5 1.0 0.9 2.9 4.5 0.5 (20.6)
Operating Cash Flow (535) 644 1,662 773 2,119 1,890 427 (314) 804 673 1,125 1,060.3 190.1 344.3 225.4 161.6 155.0 40.4 158.6 102.3 97.3 91.0 45.6 45.7
Investing Activities
Capital Expenditure (101) (100) (84) (91) (77) (74) (57) (30) (86) (176) (132) (114.9) (98.0) (78.1) (60.6) (48.5) (35.9) (34.7) (22.3) (20.3) (14.0) (10.8) (8.4) (6.2)
Acquisitions (245) (344) (3) (134) (129) (755) 0 190 0 (48) (450) (44.1) (61.5) 9.2 (84.3) (130.7) (10.9) (1) (70.2) 5.8 (40.9) (51.8) 0 0
Purchases of Investments (751) (1,132) (1,433) (1,913) (2,713) (670) (2,536) (1,444) (2,718) (1,929) (1,923) (953.4) (770.1) (306.4) (350.0) (302.8) (186.8) (263.2) (272.5) (148.8) (63.8) (441.3) (196.8) 0
Sales/Maturities of Investments 1,408 1,111 772 1,398 1,329 1,097 2,302 2,445 1,771 1,966 1,126 632.8 399.6 298.0 302.7 225.1 206.3 246.5 103.7 171.2 48.2 450.0 98.0 0
Other Investing Activities 1 1 4 (50) (63) 2 (2) (18) (40) (15) (41) (56.1) (13.3) (16.2) (44.7) (32.1) (10.1) (12.1) 5.0 (4.0) (2.2) 3.7 (11.5) (2.9)
Investing Cash Flow 312 (464) (744) (790) (1,653) (400) (293) 1,143 (1,073) (202) (1,420) (535.7) (543.3) (93.6) (236.9) (289.1) (37.3) (64.5) (256.3) 3.9 (72.6) (50.0) (118.6) (9.1)
Financing Activities
Net Debt Issuance 838 740 0 0 17 859 (20) (662) 625 0 689 113 609 38.9 47.5 (1.7) (9.7) 0 148.0 44.5 (5.4) (4.6) 6.6 (0.1)
Stock Repurchased (1,000) (1,000) (60) (400) (128) (606) (47) 0 0 0 0 0 (52.7) (3) (7) 0 (27.7) (49.9) 0 0 0 0 (40) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (8) (87) 2 (41) (19) (36) (485) (531) (8) 1 5 (48) 1.9 3.7 1.7 0.3 2.0 2.1 0.9 1.2 0 2.5 (10.6) 0
Financing Cash Flow (170) (347) (58) (441) (183) 217 (552) (1,193) 636 19 1,085 78.6 493.4 51.2 49.5 113.8 (35.3) (47.8) 153.1 48.2 (3.6) 45.2 75.6 (0.1)
Cash Position
Net Change in Cash (393) (167) 860 (458) 283 1,715 (418) (364) 367 490 790 603.2 140.1 301.9 37.9 (13.6) 82.3 (71.9) 55.4 154.4 21.1 86.2 2.5 36.5
Cash at Beginning 4,741 4,908 4,048 4,506 4,223 2,508 2,926 3,290 2,819 2,329 1,539 935.9 795.8 493.8 455.9 469.5 387.2 459.1 403.6 249.2 228.1 141.8 139.3 102.8
Cash at End 4,348 4,741 4,908 4,048 4,506 4,223 2,508 2,926 3,186 2,819 2,329 1,539.1 935.9 795.8 493.8 455.9 469.5 387.2 459.1 403.6 249.2 228.1 141.8 139.3
Free Cash Flow (636) 544 1,578 682 2,042 1,816 370 (344) 718 497 993 945.3 92.0 266.2 164.8 113.1 119.1 5.7 136.3 82.0 83.3 80.3 37.2 39.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 45,426 40,650 34,072 31,974 27,771 19,423 16,829 18,890 19,883 17,711 14,072 9,666.6 6,588.9 6,028.8 4,769.9 4,086.0 3,669.4 3,112.4 2,492.5 2,005.0 1,650.1 1,175.3 793.5 644.2 503.9 329.4 185.8
Gross Profit 5,938 4,736 4,334 3,926 3,280 2,677 2,435 2,624 1,880 1,770 1,638 1,050.5 875.3 631.8 577.5 636.5 493.1 491.1 412.4 326.3 225.2 190.6 135.6 644.2 95.4 329.4 185.8
Operating Income 781 1,707 1,573 1,381 1,020 1,078 1,044 1,131 (555) 306 387 192.9 136.6 41.1 80.2 105.0 57.4 112.6 98.3 75.8 45.8 87.6 67.7 48.8 50.2 24.2 17.5
Net Income 472 1,179 1,091 792 659 673 737 707 (512) 8 143 62.2 52.9 9.8 20.8 55.0 30.9 62.4 58.3 45.7 27.6 55.8 42.5 30.5 30.1 15.0 9.5
EPS (Diluted) 8.92 20.42 18.78 13.54 11.25 11.24 11.48 10.55 -9.14 0.92 2.58 1.29 1.13 0.21 0.45 1.32 0.79 1.50 1.37 1.08 0.65 1.36 1.25 0.99 0.97 0.49 0.31
Balance Sheet
Cash & Equivalents 4,248 4,662 4,848 4,006 4,438 4,154 2,452 2,826 3,186 2,819 2,329 1,539 935.9 795.8 493.8 455.9 469.5 387.2 459.1 403.6 249.2 228.1 141.8 139.3 102.8 45.8 26.1
Total Assets 15,564 15,630 14,892 12,314 12,209 9,532 6,787 7,154 8,471 7,449 6,576 4,435 3,002.9 1,934.8 1,652.1 1,509.2 1,244.0 1,148.1 1,171.3 864.5 659.9 533.9 344.6 205.0 149.6 102.0 101.6
Total Debt 3,950 3,118 2,385 2,391 2,392 2,352 1,486 1,458 2,169 1,645 1,609 887.3 784.9 262.9 218.1 188.7 184.4 192.2 229.2 45 0 1.9 0 3.4 3.4 0 17.3
Stockholders' Equity 4,069 4,496 4,215 2,964 2,630 2,096 1,960 1,647 1,337 1,649 1,557 1,010 892.9 782.3 755.1 719.1 542.7 531.8 490.5 420.2 362.9 330.6 221.3 95.3 64.8 34.6 20.6
Cash Flow
Operating Cash Flow (535) 644 1,662 773 2,119 1,890 427 (314) 804 673 1,125 1,060.3 190.1 344.3 225.4 161.6 155.0 40.4 158.6 102.3 97.3 91.0 45.6 45.7
Capital Expenditure (101) (100) (84) (91) (77) (74) (57) (30) (86) (176) (132) (114.9) (98.0) (78.1) (60.6) (48.5) (35.9) (34.7) (22.3) (20.3) (14.0) (10.8) (8.4) (6.2)
Free Cash Flow (636) 544 1,578 682 2,042 1,816 370 (344) 718 497 993 945.3 92.0 266.2 164.8 113.1 119.1 5.7 136.3 82.0 83.3 80.3 37.2 39.5