HUM financial statements

The full income statement, balance sheet, and cash-flow statement for Humana Inc. (HUM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	130B YoY+10.1%	118B YoY+10.7%	106B YoY+14.5%	92.9B YoY+11.8%	83.1B YoY+7.7%
Selling, general & administrative	15.4B YoY+12.8%	13.7B YoY+3.9%	13.2B YoY+4.1%	12.7B YoY+25.2%	10.1B YoY+0.7%
Amortization of intangibles	51.0M YoY-15.0%	60.0M YoY-10.4%	67.0M YoY-17.3%	81.0M YoY+24.6%	65.0M YoY-26.1%
Operating income	2.70B YoY+5.5%	2.56B YoY-36.2%	4.01B YoY+5.6%	3.80B YoY+20.7%	3.15B YoY-36.9%
Interest expense	631M YoY-4.4%	660M YoY+33.9%	493M YoY+22.9%	401M YoY+23.0%	326M YoY+15.2%
Other non-operating income	-451M YoY-149.2%	-181M YoY-32.1%	-137M YoY-101.5%	-68.0M YoY-112.8%	532M YoY+616.5%
Equity-method income	-102M YoY-8.5%	-94.0M YoY-49.2%	-63.0M YoY-1475.0%	-4.00M YoY-106.2%	65.0M YoY-12.2%
Pre-tax income	1.44B YoY-11.2%	1.62B YoY-51.3%	3.33B YoY-6.7%	3.56B YoY+4.2%	3.42B YoY-26.9%
Income tax	250M YoY-39.5%	413M YoY-50.6%	836M YoY+9.7%	762M YoY+57.1%	485M YoY-62.9%
	1.19B YoY-1.6%	1.21B YoY-51.5%	2.49B YoY-11.3%	2.81B YoY-4.3%	2.93B YoY-12.9%
Net income to non-controlling interest	15.0M YoY+114.3%	7.00M YoY+240.0%	-5.00M YoY-25.0%	-4.00M YoY-500.0%	1.00M
	$9.84 YoY-1.4%	$9.98 YoY-50.1%	$20.00 YoY-9.4%	$22.08 YoY-2.6%	$22.67 YoY-10.4%
EPS (basic)	$9.87 YoY-1.4%	$10.01 YoY-50.2%	$20.09 YoY-9.5%	$22.20 YoY-2.6%	$22.79 YoY-10.5%
	120M YoY-0.1%	121M YoY-2.7%	124M YoY-2.0%	126M YoY-1.8%	129M YoY-2.7%
	121M YoY-0.0%	121M YoY-2.9%	124M YoY-2.1%	127M YoY-1.8%	129M YoY-2.7%
Dividends per share	$3.54 YoY+0.0%	$3.54 YoY+2.9%	$3.44 YoY+12.4%	$3.06 YoY+12.1%	$2.73 YoY+12.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	32.7B YoY+9.8%	29.8B YoY-0.6%	30.0B YoY+14.5%	26.2B YoY+5.2%	24.9B YoY+5.3%
Cash & equivalents	4.20B YoY+89.1%	2.22B YoY-52.7%	4.69B YoY-7.3%	5.06B YoY+49.1%	3.39B YoY-27.4%
Short-term investments	15.7B YoY-13.8%	18.2B YoY+9.6%	16.6B YoY+19.8%	13.9B YoY+5.2%	13.2B YoY+5.1%
Accounts receivable	3.27B YoY+20.9%	2.70B YoY+32.9%	2.04B YoY+21.6%	1.67B YoY-7.7%	1.81B YoY+59.4%
Other current assets	9.56B YoY+43.2%	6.68B YoY+0.7%	6.63B YoY+19.1%	5.57B YoY-14.3%	6.49B YoY+23.1%
	48.9B YoY+5.2%	46.5B YoY-1.2%	47.1B YoY+9.3%	43.1B YoY-2.9%	44.4B YoY+26.8%
Property, plant & equipment	2.23B YoY-11.9%	2.53B YoY-16.4%	3.03B YoY-5.9%	3.22B YoY+4.8%	3.07B YoY+29.6%
Operating lease right-of-use	485M YoY+9.0%	445M YoY-12.7%	510M YoY-1.0%	515M YoY-24.0%	678M YoY+55.1%
Goodwill	9.69B YoY+0.6%	9.63B YoY+0.8%	9.55B YoY+4.5%	9.14B YoY-17.6%	11.1B YoY+149.4%
Intangible assets	1.13B YoY-21.8%	1.44B YoY-14.8%	1.69B YoY-4.1%	1.76B YoY-33.1%	2.64B YoY+702.1%
Other non-current assets	3.13B YoY-7.5%	3.38B YoY+0.2%	3.38B YoY-0.1%	3.38B YoY-22.8%	4.38B YoY+105.8%
	16.3B YoY-3.5%	16.9B YoY-10.2%	18.9B YoY+9.9%	17.2B YoY+12.0%	15.3B YoY+14.5%
Accrued liabilities	5.72B YoY+8.7%	5.26B YoY-19.9%	6.57B YoY+25.4%	5.24B YoY+16.2%	4.51B YoY+12.4%
Deferred revenue	356M YoY+36.9%	260M YoY-2.3%	266M YoY-7.0%	286M YoY+12.6%	254M YoY-20.1%
Short-term & current debt	0.00 YoY-100.0%	577M YoY-60.0%	1.44B YoY-31.0%	2.09B YoY+7.1%	1.95B YoY+225.5%
Current lease liability	126M YoY-3.1%	130M YoY-12.8%	149M YoY-2.0%	152M YoY-17.8%	185M YoY+43.4%
	31.2B YoY+3.8%	30.0B YoY-2.3%	30.7B YoY+11.1%	27.7B YoY-2.0%	28.3B YoY+33.0%
Long-term debt	12.4B YoY+11.0%	11.1B YoY+9.1%	10.2B YoY+13.1%	9.03B YoY-14.3%	10.5B YoY+73.9%
Non-current lease liability	418M YoY+6.6%	392M YoY-11.7%	444M YoY-2.6%	456M YoY-16.5%	546M YoY+53.8%
Other non-current liabilities	2.46B YoY+25.9%	1.95B YoY+17.4%	1.66B YoY+12.8%	1.47B YoY-38.2%	2.38B YoY+33.4%
	17.7B YoY+7.8%	16.4B YoY+0.7%	16.3B YoY+6.2%	15.3B YoY-4.8%	16.1B YoY+17.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	33.0M YoY+0.0%	33.0M YoY+0.0%	33.0M YoY+0.0%	33.0M YoY+0.0%	33.0M YoY+0.0%
Additional paid-in capital	3.60B YoY+4.0%	3.46B YoY+3.5%	3.35B YoY+3.1%	3.25B YoY+5.3%	3.08B YoY+13.9%
Retained earnings	29.1B YoY+2.7%	28.3B YoY+2.8%	27.5B YoY+8.0%	25.5B YoY+10.4%	23.1B YoY+12.5%
Treasury stock	14.4B YoY+0.3%	14.4B YoY+5.2%	13.7B YoY+12.4%	12.2B YoY+19.6%	10.2B YoY+2.5%
Accumulated other comprehensive income	-633M YoY+40.7%	-1.07B YoY-6.8%	-999M YoY+23.4%	-1.30B YoY-3204.8%	42.0M YoY-89.3%
Non-controlling interest	80.0M YoY+14.3%	70.0M YoY+25.0%	56.0M YoY-5.1%	59.0M YoY+156.5%	23.0M
Total equity incl. non-controlling	17.7B YoY+7.9%	16.4B YoY+0.8%	16.3B YoY+6.2%	15.4B YoY-4.6%	16.1B YoY+17.3%
Total liabilities & equity	48.9B YoY+5.2%	46.5B YoY-1.2%	47.1B YoY+9.3%	43.1B YoY-2.9%	44.4B YoY+26.8%
	199M YoY+0.0%	199M YoY+0.0%	199M YoY+0.0%	199M YoY+0.0%	199M YoY+0.0%
	121M YoY-0.0%	121M YoY-0.0%	121M YoY-3.5%	125M YoY-1.3%	127M YoY-1.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	921M YoY-68.9%	2.97B YoY-25.5%	3.98B YoY-13.2%	4.59B YoY+102.8%	2.26B YoY-59.9%
Depreciation & amortization	698M YoY-16.8%	839M YoY+7.7%	779M YoY+9.9%	709M YoY+19.0%	596M YoY+12.9%
Share-based compensation	241M YoY+16.4%	207M YoY+18.3%	175M YoY-19.0%	216M YoY+20.0%	180M YoY-0.6%
Deferred income taxes	75.0M YoY+139.1%	-192M YoY-17.1%	-164M YoY-64.0%	-100M YoY-766.7%	15.0M YoY-92.3%
Other operating activities	0.00 YoY-100.0%	108M YoY-4.4%	113M YoY+61.4%	70.0M YoY+75.0%	40.0M YoY-18.4%
	2.27B YoY+177.0%	-2.95B YoY+15.5%	-3.49B YoY-247.1%	-1.01B YoY+84.7%	-6.56B YoY-113.9%
Capital expenditure	546M YoY-5.0%	575M YoY-42.7%	1.00B YoY-11.7%	1.14B YoY-15.3%	1.34B YoY+39.2%
Free cash flow	375M YoY-84.3%	2.39B YoY-19.7%	2.98B YoY-13.7%	3.45B YoY+275.0%	920M YoY-80.3%
Acquisitions	81.0M YoY-9.0%	89.0M YoY-61.8%	233M YoY-30.9%	337M YoY-92.0%	4.19B YoY+490.6%
Sales/maturities of investments	2.91B YoY-2.3%	2.98B YoY+130.8%	1.29B YoY-5.3%	1.36B YoY-47.4%	2.60B YoY-47.9%
Proceeds from sale of PP&E	23.0M YoY+228.6%	7.00M YoY-96.7%	210M YoY+1135.3%	17.0M YoY-34.6%	26.0M
Other investing activities	0.00 YoY-100.0%	50.0M	0.00	0.00	—
	-1.22B YoY+51.1%	-2.49B YoY-190.5%	-856M YoY+55.3%	-1.91B YoY-163.5%	3.02B YoY+254.2%
Long-term debt issued	1.48B YoY-33.6%	2.23B YoY-12.3%	2.54B YoY+28.4%	1.98B YoY-33.6%	2.98B YoY+174.3%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	151M YoY-81.5%	817M YoY-48.1%	1.57B YoY-25.0%	2.10B YoY+2553.2%	79.0M YoY-95.7%
Dividends paid	430M YoY-0.2%	431M YoY+0.0%	431M YoY+339.8%	98.0M YoY+8.9%	90.0M YoY-72.1%
Other financing activities	-81.0M YoY+25.0%	-108M YoY+28.5%	-151M YoY-1777.8%	9.00M YoY-57.1%	21.0M YoY-57.1%
Net change in cash	1.98B YoY+180.0%	-2.47B YoY-573.8%	-367M YoY-122.0%	1.67B YoY+230.3%	-1.28B YoY-306.6%
Interest paid	628M YoY+7.5%	584M YoY+48.2%	394M YoY+11.3%	354M YoY+24.2%	285M YoY+10.5%
Income taxes paid	—	570M YoY-42.8%	997M YoY+31.5%	758M YoY+233.9%	227M YoY-79.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	30.9B YoY+0.9%	30.6B YoY-45.7%	56.4B YoY-13.1%	64.8B YoY+10.4%	58.7B YoY+11.1%
P/E	26.0× YoY+2.5%	25.4× YoY+35.7%	18.7× YoY-19.1%	23.1× YoY+15.3%	20.0× YoY+27.5%
P/S	0.2× YoY-8.4%	0.3× YoY-52.8%	0.6× YoY-22.3%	0.7× YoY+0.2%	0.7× YoY+3.2%
P/B	1.7× YoY-6.4%	1.9× YoY-43.8%	3.3× YoY-16.3%	4.0× YoY+8.8%	3.7× YoY-5.1%
P/FCF	82.4× YoY+543.4%	12.8× YoY+13.4%	11.3× YoY+45.5%	7.8× YoY-87.9%	63.8× YoY+464.6%
	3.8% YoY-2.5%	3.9% YoY-26.3%	5.3% YoY+23.6%	4.3% YoY-13.3%	5.0% YoY-21.6%
	1.2% YoY-84.5%	7.8% YoY-11.8%	8.9% YoY-31.3%	12.9% YoY+723.1%	1.6% YoY-82.3%
	1.4% YoY-0.9%	1.4% YoY+85.7%	0.75% YoY+25.8%	0.60% YoY+1.5%	0.59% YoY-0.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HUM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HUM filings on SEC EDGAR → Not investment advice.