Molina Healthcare, Inc. (MOH) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Molina Healthcare reported revenue of $45.43B, up 11.7% from $40.65B the year before. Net income was $472.0M (a 1.0% net margin), or $8.92 per diluted share. Gross margin was 13.1% and operating margin was 1.7%. Operating activities generated -$535.0M of cash, leaving -$636.0M of free cash flow. At fiscal year end, Molina Healthcare held $15.56B in total assets against $11.49B in total liabilities, including $4.25B of cash and equivalents.
Open the full interactive Molina Healthcare financials → Quarterly statements, key ratios, valuation history and price charts.
Molina Healthcare Key Stats
| Share Price | $209.50 |
|---|---|
| Market Cap | $10.75B |
| P/E Ratio | 23.5 |
| Revenue YoY Growth | +11.8% |
| 52-Week Range | $122.65 – $242.88 |
| Shares Outstanding | 51.1 million (basic, 2026 Q2) |
Molina Healthcare Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $19.42B | $27.77B | $31.97B | $34.07B | $40.65B | $45.43B |
| Cost of Goods Sold | $18.34B | $23.70B | $27.18B | $28.67B | $34.43B | $39.49B |
| Gross Profit | $2.48B | $4.07B | $4.80B | $5.40B | $6.22B | $5.94B |
| Operating Income | $1.08B | $1.02B | $1.17B | $1.57B | $1.71B | $781.0M |
| Pre-Tax Income | $961.0M | $875.0M | $1.06B | $1.46B | $1.59B | $589.0M |
| Income Tax | $288.0M | $216.0M | $271.0M | $373.0M | $410.0M | $117.0M |
| Net Income | $673.0M | $659.0M | $792.0M | $1.09B | $1.18B | $472.0M |
| Diluted EPS | $11.23 | $11.25 | $13.55 | $18.77 | $20.42 | $8.92 |
Molina Healthcare Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $11.48B | $11.38B | $10.80B | $10.87B |
| Net Income | $79.0M | -$160.0M | $14.0M | $60.0M |
| Diluted EPS | $1.51 | -$3.02 | $0.27 | $1.19 |
Molina Healthcare Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.15B | $4.44B | $4.01B | $4.85B | $4.66B | $4.25B |
| Current Assets | $7.88B | $10.06B | $10.08B | $12.54B | $12.77B | $12.44B |
| Total Assets | $9.53B | $12.21B | $12.31B | $14.89B | $15.63B | $15.56B |
| Current Liabilities | $4.96B | $7.05B | $6.86B | $8.17B | $7.90B | $7.37B |
| Total Long-Term Debt | $2.13B | $2.17B | $2.18B | $2.18B | $2.92B | $3.77B |
| Total Liabilities | $7.44B | $9.58B | $9.35B | $10.68B | $11.13B | $11.49B |
| Shareholders' Equity | $2.10B | $2.63B | $2.96B | $4.21B | $4.50B | $4.07B |
Molina Healthcare Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.89B | $2.12B | $773.0M | $1.66B | $644.0M | -$535.0M |
| Cash From Investing | -$400.0M | -$1.65B | -$790.0M | -$744.0M | -$464.0M | $312.0M |
| Cash From Financing | $225.0M | -$183.0M | -$441.0M | -$58.0M | -$347.0M | -$170.0M |
| Free Cash Flow | $1.82B | $2.04B | $682.0M | $1.58B | $544.0M | -$636.0M |
Figures from Molina Healthcare's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Molina Healthcare financials page for every line item.
Molina Healthcare Company Profile
| Ticker | MOH |
|---|---|
| Exchange | NYSE |
| Industry | Hospital & Medical Service Plans |
| Headquarters | Long Beach, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001179929 |
Frequently Asked Questions
What was Molina Healthcare's revenue in fiscal 2025?
Molina Healthcare (MOH) reported revenue of $45.43B for fiscal 2025.
What is Molina Healthcare's annual revenue history?
Molina Healthcare's annual revenue by fiscal year: 2020: $19.42B; 2021: $27.77B; 2022: $31.97B; 2023: $34.07B; 2024: $40.65B; 2025: $45.43B.
What was Molina Healthcare's net income in fiscal 2025?
Molina Healthcare reported net income of $472.0M for fiscal 2025.
What was Molina Healthcare's earnings per share (EPS) in fiscal 2025?
Molina Healthcare's diluted EPS was $8.92 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Molina Healthcare generate in fiscal 2025?
Molina Healthcare generated -$636.0M of free cash flow in fiscal 2025.
What was Molina Healthcare's revenue last quarter?
In its most recent reported quarter (2026 Q2), Molina Healthcare reported revenue of $10.87B.
How much debt does Molina Healthcare have?
Molina Healthcare reported $3.77B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Molina Healthcare are outstanding?
Molina Healthcare reported a weighted average of 51.1 million basic shares outstanding in 2026 Q2.
What is Molina Healthcare's market cap?
Based on its latest closing price, Molina Healthcare (MOH) has a market capitalization of about $10.75B.
When does Molina Healthcare's fiscal year end?
Molina Healthcare's fiscal year end, as registered with the SEC, is December 31.
Where is Molina Healthcare headquartered?
Molina Healthcare lists its business address in Long Beach, California in its SEC filings.