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US managed-care company focused on Medicaid, Medicare and ACA marketplace plans for low-income members.
US managed-care company focused on Medicaid, Medicare and ACA marketplace plans for low-income members.
Is paid a fixed monthly amount per member by state governments, so profit is the margin left after medical costs, and a contract win or loss in a state can move membership at once. Medicaid is the largest line, with Medicare and ACA marketplace plans smaller. Dr. C. David Molina founded it in Long Beach, California, and the family remains a shareholder.
Moat: narrow (regulatory licence, process know-how). Specialist Medicaid contracting expertise across many state programs.
Headquarters: Long Beach, California, USA · Founded: 1980 · Employees: 19,000
Size Molina Healthcare (MOH) is a United States Health Care company (Managed Health Care) with a market value of $10.9B, the 737th largest of 3,117 United States companies the cockpit tracks. Shares closed at $208.99 on 6 Nov 2026.
Performance Over six months the shares gained 12.4%, against +13.0% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 8 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +9.7%); the operating margin is 0.6% (peer median 3.8%).
Valuation It trades at 2.62× book value against a peer median of 2.71× (4th cheapest of 8).
Price implies The share price implies a return on equity of about 17.6%; Molina Healthcare delivers -1.2%, so the price asks more than the business earns today.
Credit Molina Healthcare has 4 bonds outstanding ($3.05B), rated BB- by the agencies and trading like BB+ at a weighted spread of 149 bp.
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $44.1B | $45.4B | $40.6B | $34.1B | $32.0B |
| Revenue growth | — | +12% | +19% | +7% | — |
| Net income | -$48.0M | $472M | $1.18B | $1.09B | $792M |
| Free cash flow | $238M | -$636M | $544M | $1.58B | $682M |
| Capital expenditure | $93.0M | $101M | $100M | $84.0M | $91.0M |
| Total debt | $3.95B | $4.02B | $3.20B | $2.49B | $2.51B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Molina Healthcare MOH | $10.9B | +12% | -1% | -1% | 2.62× | 17.6% |
| Centene CNC | $34.5B | +25% | +10% | 7% | 1.55× | 14.3% |
| Elevance Health ELV | $92.0B | +13% | +4% | 12% | 2.06× | 13.4% |
| UnitedHealth UNH | $353B | +4% | +3% | 16% | 3.60× | 19.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MOH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +6.2% | 3rd highest of 8 |
| 6-month return | +12.4% | +13.0% | 4th lowest of 8 |
| Return on equity | -1.1% | 13.2% | lowest of 8 |
| Price / book | 2.62× | 2.71× | 4th cheapest of 8 |
| ROE the price implies | 17.6% | 16.9% | 4th most demanding of 8 |
| ROE delivered | -1.2% | 13.2% | lowest of 8 |
| Bond spread | 149 bp | 84 bp | widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Molina Healthcare MOH | United States | $10.9B | +12% | -1% | -1% | 2.62× | 17.6% | -1.2% |
| Oscar Health OSCR | United States | $8.38B | +44% | +43% | 34% | 4.61× | 70.7% | 34.3% |
| Centene CNC | United States | $34.5B | +25% | +10% | 7% | 1.55× | 14.3% | 6.8% |
| Humana HUM | United States | $52.1B | +58% | +18% | 7% | 2.71× | 16.9% | 6.8% |
| Alignment Healthcare ALHC | United States | $1.54B | -59% | +36% | 13% | 5.54× | 42.9% | 13.2% |
| Cigna CI | United States | $77.6B | +3% | +8% | 15% | 1.82× | 9.1% | 15.5% |
| Elevance Health ELV | United States | $92.0B | +13% | +4% | 12% | 2.06× | 13.4% | 11.6% |
| UnitedHealth UNH | United States | $353B | +4% | +3% | 16% | 3.60× | 19.1% | 16.4% |
Molina Healthcare has 4 bonds outstanding with $3.05B face value. The agencies rate it BB-; its bonds trade like BB+. Weighted yield 6.10%, a spread of 149 bp over government bonds.