# Molina Healthcare Inc. (MOH)

**Exchange:** NYSE  
**Sector:** Healthcare  
**Market cap:** $10.22B  
**Price:** $193.20 (-2.37%)

> Molina Healthcare Inc. is a managed care company that provides government-focused health insurance and related services in the United States. The company primarily serves low-income families and individuals through comprehensive health plans across Medicaid, Medicare, and state-based Marketplace segments. Molina Healthcare partners with state and federal agencies to administer benefits, manage medical costs, and coordinate care for members, often acting as an intermediary between public programs and healthcare providers. Its offerings typically include physician and hospital services, prescription drug coverage, behavioral health, and preventive care, with an emphasis on network management and care management programs. Molina Healthcare plays a significant role in the healthcare plans industry by focusing on underserved populations and complex government-sponsored programs, contributing to the broader stability and accessibility of the U.S. healthcare system. Headquartered in Long Beach, California, and founded in 1980, the company operates across multiple states through its various health plan subsidiaries.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $45.43B | $5.94B | $781M | $472M | — |
| 2024 | $40.65B | $6.22B | $1.71B | $1.18B | — |
| 2023 | $34.07B | $5.40B | $1.57B | $1.09B | — |
| 2022 | $31.97B | $4.80B | $1.17B | $792M | — |
| 2021 | $27.77B | $4.07B | $1.02B | $659M | — |
| 2020 | $19.42B | $2.48B | $1.08B | $673M | — |
| 2019 | $16.83B | $2.30B | $1.04B | $737M | — |
| 2018 | $18.89B | $2.52B | $1.13B | $707M | — |
| 2017 | $19.88B | $1.81B | -$555M | -$512M | — |
| 2016 | $17.78B | $1.73B | $306M | $52M | — |
| 2015 | $14.18B | $1.53B | $387M | $143M | — |
| 2014 | $9.67B | $1.00B | $193M | $62M | — |
| 2013 | $6.59B | $843M | $137M | $53M | — |
| 2012 | $5.91B | — | $41M | $10M | — |
| 2011 | $4.54B | — | $136M | $21M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $15.56B | $11.49B | $4.07B | $4.25B | $3.77B |
| 2024 | $15.63B | $11.13B | $4.50B | $4.66B | $2.92B |
| 2023 | $14.89B | $10.68B | $4.21B | $4.85B | $2.18B |
| 2022 | $12.31B | $9.35B | $2.96B | $4.01B | $2.18B |
| 2021 | $12.21B | $9.58B | $2.63B | $4.44B | $2.17B |
| 2020 | $9.53B | $7.44B | $2.10B | $4.15B | $2.13B |
| 2019 | $6.79B | $4.83B | $1.96B | $2.45B | $1.24B |
| 2018 | $7.15B | $5.51B | $1.65B | $2.83B | $1.02B |
| 2017 | $8.47B | $7.13B | $1.34B | $3.19B | $1.32B |
| 2016 | $7.45B | $5.80B | $1.65B | $2.82B | $1.65B |
| 2015 | $6.58B | $5.02B | $1.56B | $2.33B | $1.41B |
| 2014 | $4.43B | $3.42B | $1.01B | $1.54B | $690M |
| 2013 | $2.99B | $2.11B | $893M | $936M | $737M |
| 2012 | $1.93B | $1.15B | $782M | $796M | $274M |
| 2011 | $1.65B | $897M | $755M | $494M | $218M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$535M | $101M | -$636M |
| 2024 | $644M | $100M | $544M |
| 2023 | $1.66B | $84M | $1.58B |
| 2022 | $773M | $91M | $682M |
| 2021 | $2.12B | $77M | $2.04B |
| 2020 | $1.90B | $74M | $1.82B |
| 2019 | $434M | $57M | $377M |
| 2018 | -$314M | $30M | -$344M |
| 2017 | $804M | $86M | $718M |
| 2016 | $673M | $176M | $497M |
| 2015 | $1.13B | $132M | $993M |
| 2014 | $1.06B | $115M | $945M |
| 2013 | $190M | — | — |
| 2012 | $348M | — | — |
| 2011 | $225M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/MOH)