Molina Healthcare

Health Care Managed Health Care Long Beach, California Last filing Feb 10, 2026 · FY2025

                    Revenue
                    FY2025
                
$45.4B
                    3y CAGR +12.4%
                    
                    P86
                    
                    +11.7%
                    
                    Net income
                    FY2025
                
$472.0M
                    Net margin +1.0%
                    
                    P18
                    
                    -60.0%
                    
                    Total assets
                    FY2025
                
$15.6B
                    ROA +3.0%
                    
                    P22
                    
                    -0.4%
                    
                    Operating cash flow
                    FY2025
                
$-535.0M
                    FCF margin -1.4%
                    
                    P4
                    
                    -183.1%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Total assets $15.6B

Total liabilities $11.5B

Shareholders equity $4.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	27.3%	29.8%	32.6%	32.5%	36.4%
Short Term Investments	0.0%	0.0%	0.0%	0.0%	0.0%
Accounts Receivable	22.7%	21.1%	20.8%	18.7%	17.8%
Prepaid Expenses	4.2%	3.1%	2.2%	2.2%	2.0%
Other Current Assets	0.0%	0.0%	0.0%	0.0%	0.0%
Total Current Assets	80.0%	81.7%	84.2%	81.9%	82.4%
Property,Plant and Equipment	1.9%	1.8%	1.8%	2.1%	3.2%
Goodwill	1.8%	10.7%	8.3%	9.1%	8.0%
Intangible Assets	0.0%	1.7%	1.4%	2.2%	2.2%
Long Term Investments	0.0%	0.0%	0.0%	0.0%	0.0%
Deferred Tax Assets	1.1%	1.3%	1.5%	1.8%	0.9%
Other Noncurrent Assets	0.9%	0.9%	1.0%	1.0%	1.5%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	7.0%	8.5%	8.4%	7.2%	6.9%
Accrued Liabilities	47.4%	50.5%	54.8%	55.7%	57.7%
Deferred Revenue	0.4%	0.3%	2.8%	2.9%	3.0%
Other Current Liabilities	1.1%	0.8%	0.8%	0.8%	1.1%
Total Current Liabilities	47.4%	50.5%	54.8%	55.7%	57.7%
Long Term Debt	24.2%	18.7%	14.6%	17.7%	17.8%
Operating Lease Liabilities Noncurrent	1.2%	0.4%	0.6%	0.6%	0.8%
Other Noncurrent Liabilities	1.1%	0.8%	0.8%	0.8%	1.1%
Total Liabilities	73.9%	71.2%	71.7%	75.9%	78.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	2.9%	3.0%	2.8%	2.7%	1.9%
Retained Earnings	23.1%	26.2%	26.1%	22.7%	19.6%
Treasury Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Accumulated Other Comprehensive Income	0.1%	-0.4%	-0.6%	-1.3%	-0.0%
Total Stockholders Equity	26.1%	28.8%	28.3%	24.1%	21.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $45.4B

Operating income $781.0M

Net income $472.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	291.9%	260.1%	228.8%	259.7%	227.5%
Expenses Cost of Revenue	253.7%	220.3%	192.5%	220.7%	194.2%
Expenses Selling,General and Administrative	19.3%	17.5%	16.5%	18.8%	16.9%
Expenses Depreciation and Amortization	1.3%	1.2%	1.1%	1.4%	1.1%
Expenses Share Based Compensation	0.3%	0.7%	0.8%	0.8%	0.6%
Expenses Operating Expenses	286.8%	249.2%	218.2%	250.1%	219.1%
Other Income Expense Operating Income	5.0%	10.9%	10.6%	9.5%	8.4%
Other Income Expense Interest Expense	1.2%	0.8%	0.7%	0.9%	1.0%
Other Income Expense Income Before Tax	3.8%	10.2%	9.8%	8.6%	7.2%
Income Tax Income Tax Expense	0.8%	2.6%	2.5%	2.2%	1.8%
net Income net Income	3.0%	7.5%	7.3%	6.4%	5.4%
net Income Comprehensive Income	3.5%	7.7%	7.8%	5.2%	5.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.3%	0.4%	0.4%	0.5%	0.5%
Earnings Per Share Weighted Average Shares Diluted	0.3%	0.4%	0.4%	0.5%	0.5%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $-535.0M

Investing cash flow $312.0M

Financing cash flow $-170.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	3.0%	7.5%	7.3%	6.4%	5.4%
Operating Activities Depreciation and Amortization	1.3%	1.2%	1.1%	1.4%	1.1%
Operating Activities Stock Based Compensation	0.3%	0.7%	0.8%	0.8%	0.6%
Operating Activities Deferred Income Taxes	0.3%	0.3%	-0.2%	-0.5%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-0.7%	-2.0%	0.9%	0.9%	0.1%
Operating Activities Other Non Cash Items	-0.0%	0.1%	0.0%	0.1%	0.3%
Operating Activities net Cash From Operating Activities	-3.4%	4.1%	11.2%	6.3%	17.4%
Investing Activities Capital Expenditures	0.6%	0.6%	0.6%	0.7%	0.6%
Investing Activities Business Acquisitions	1.6%	2.2%	0.0%	1.1%	1.1%
Investing Activities Purchases of Investments	4.8%	7.2%	9.6%	15.5%	22.2%
Investing Activities Proceeds From Sale of Investments	9.0%	7.1%	5.2%	11.4%	10.9%
Investing Activities Other Investing Activities	-0.0%	-0.0%	-0.0%	0.4%	0.5%
Investing Activities net Cash From Investing Activities	2.0%	-3.0%	-5.0%	-6.4%	-13.5%
Financing Activities Proceeds From Debt	5.4%	4.7%	0.0%	0.0%	6.1%
Financing Activities Repurchase of Common Stock	6.4%	6.4%	0.0%	3.2%	1.0%
Financing Activities Other Financing Activities	0.2%	-0.2%	0.0%	0.3%	0.0%
Financing Activities net Cash From Financing Activities	-1.1%	-2.2%	-0.4%	-3.6%	-1.5%
Cash Reconciliation Effect of Exchange Rate On Cash	27.9%	30.3%	33.0%	32.9%	36.9%
Cash Reconciliation net Change In Cash	-2.5%	-1.1%	5.8%	-3.7%	2.3%
Cash Reconciliation Cash At Beginning of Period	27.9%	30.3%	33.0%	32.9%	36.9%
Cash Reconciliation Cash At End of Period	27.9%	30.3%	33.0%	32.9%	36.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+13.1%	+15.3%	+15.9%	+15.0%	+14.6%
Operating margin	+1.7%	+4.2%	+4.6%	+3.7%	+3.7%
Net margin	+1.0%	+2.9%	+3.2%	+2.5%	+2.4%
FCF margin	-1.4%	+1.3%	+4.6%	+2.1%	+7.4%
Growth
Revenue CAGR (3y)	+12.4%	+13.5%	+20.6%	+23.9%	+13.7%
Returns
ROE	+11.6%	+26.2%	+25.9%	+26.7%	+25.1%
ROA	+3.0%	+7.5%	+7.3%	+6.4%	+5.4%
ROIC	+17.4%	+45.9%	+75.8%	+77.1%	+210.5%
Liquidity
Current ratio	1.69x	1.62x	1.54x	1.47x	1.43x
Quick ratio	1.06x	1.01x	0.97x	0.92x	0.94x
Leverage
D/E	2.83x	2.48x	2.53x	3.15x	3.64x
Interest coverage	4.07x	14.47x	14.43x	10.66x	8.50x
Efficiency
Asset turnover	2.92x	2.60x	2.29x	2.60x	2.27x
Cash conversion cycle	—	—	—	—	—

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FY2025 fundamentals · no price

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Molina Healthcare

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