MOH
$189.10-0.15%
as of close, Sep 30, 2026
☾ AH $189.10 -0.15%
MOH financial statements
The full income statement, balance sheet, and cash-flow statement for Molina Healthcare Inc (MOH), 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.
Shares outstanding (point-in-time)
2024-06 58.6M2024-09 57.2M2024-12 55.5M2025-03 54.2M2025-06 54.2M2025-09 51.4M2025-12 51.5M2026-03 52.1M2026-06 52.2M-10.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | 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 | 45.4B+11.7% | 40.6B+19.3% | 34.1B+6.6% | 32.0B+15.1% | 27.8B+43.0% | |
| Cost of revenue | 39.5B+14.7% | 34.4B+20.1% | 28.7B+5.5% | 27.2B+14.6% | 23.7B+49.8% | |
| Selling, general & administrative | 3.01B+9.7% | 2.74B+11.4% | 2.46B+6.5% | 2.31B+11.8% | 2.07B+39.7% | |
| General & administrative | 3.01B+9.7% | 2.74B+11.4% | 2.46B+6.5% | 2.31B+11.8% | 2.07B+39.7% | |
| Amortization of intangibles | 91.0M+11.0% | 82.0M-3.5% | 85.0M+10.4% | 77.0M+57.1% | 49.0M+226.7% | |
| Operating income | 781M-54.2% | 1.71B+8.5% | 1.57B+34.1% | 1.17B+15.0% | 1.02B-5.4% | |
| Interest expense | 192M+62.7% | 118M+8.3% | 109M-0.9% | 110M-8.3% | 120M+17.6% | |
| Interest & investment income | — | — | — | 75.0M-2.6% | 77.0M+352.9% | |
| Other non-operating income | — | — | 0.00 | 0.00+100.0% | -145M-866.7% | |
| Pre-tax income | 589M-62.9% | 1.59B+8.5% | 1.46B+37.7% | 1.06B+21.5% | 875M-8.9% | |
| Income tax | 117M-71.5% | 410M+9.9% | 373M+37.6% | 271M+25.5% | 216M-25.0% | |
| Net income | 472M-60.0% | 1.18B+8.1% | 1.09B+37.8% | 792M+20.2% | 659M-2.1% | |
| $8.92-56.3% | $20.42+8.8% | $18.77+38.5% | $13.55+20.4% | $11.25+0.2% | ||
| EPS (basic) | $8.93-56.5% | $20.52+8.5% | $18.91+37.8% | $13.72+20.4% | $11.40+0.0% | |
| Weighted-avg shares (basic) | 52.8M-8.0% | 57.4M-0.5% | 57.7M-0.2% | 57.8M+0.0% | 57.8M-2.0% | |
| Weighted-avg shares (diluted) | 52.9M-8.3% | 57.7M-0.7% | 58.1M-0.7% | 58.5M-0.2% | 58.6M-2.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 12.4B-2.6% | 12.8B+1.8% | 12.5B+24.4% | 10.1B+0.2% | 10.1B+27.8% | ||
| Cash & equivalents | 4.25B-8.9% | 4.66B-3.8% | 4.85B+21.0% | 4.01B-9.7% | 4.44B+6.8% | |
| Short-term investments | 4.01B-7.3% | 4.33B+1.5% | 4.26B+21.7% | 3.50B+9.3% | 3.20B+70.8% | |
| Accounts receivable | 3.53B+7.1% | 3.30B+6.3% | 3.10B+34.8% | 2.30B+5.7% | 2.18B+30.2% | |
| Prepaid expenses | 655M+34.5% | 487M+47.1% | 331M+19.5% | 277M+12.1% | 247M+41.1% | |
| 15.6B-0.4% | 15.6B+5.0% | 14.9B+20.9% | 12.3B+0.9% | 12.2B+28.1% | ||
| Operating lease right-of-use | 30.0M-14.3% | 35.0M | — | — | 128M+80.3% | |
| Goodwill | 1.96B+17.2% | 1.67B+34.6% | 1.24B+11.3% | 1.11B+13.5% | 982M+41.9% | |
| Intangible assets | 237M-11.2% | 267M+28.4% | 208M-24.4% | 275M+1.9% | 270M+8.4% | |
| Deferred tax assets | 178M-14.0% | 207M-8.8% | 227M+3.2% | 220M+107.5% | 106M+53.6% | |
| Other non-current assets | 147M+6.5% | 138M-3.5% | 143M+16.3% | 123M-31.3% | 179M+50.4% | |
| 7.37B-6.6% | 7.90B-3.3% | 8.17B+19.2% | 6.86B-2.7% | 7.05B+41.9% | ||
| Accrued liabilities | 1.09B-17.9% | 1.33B+6.3% | 1.25B+40.8% | 889M+5.6% | 842M+31.4% | |
| Deferred revenue | 66.0M+29.4% | 51.0M-87.8% | 418M+16.4% | 359M-3.0% | 370M-1.3% | |
| Current lease liability | 15.0M+0.0% | 15.0M-25.0% | 20.0M-51.2% | 41.0M+17.1% | 35.0M+66.7% | |
| Finance lease liability (current) | 25.0M+8.7% | 23.0M+9.5% | 21.0M-4.5% | 22.0M+46.7% | 15.0M+25.0% | |
| 11.5B+3.2% | 11.1B+4.3% | 10.7B+14.2% | 9.35B-2.4% | 9.58B+28.8% | ||
| Long-term debt | 3.77B+28.8% | 2.92B+34.1% | 2.18B+0.2% | 2.18B+0.1% | 2.17B+2.2% | |
| Non-current lease liability | 56.0M-17.6% | 68.0M-20.0% | 85.0M+10.4% | 77.0M-22.2% | 99.0M+135.7% | |
| Operating lease liability (total) | 71.0M-14.5% | 83.0M-21.0% | 105M-11.0% | 118M-11.9% | 134M+76.3% | |
| Finance lease liability (total) | 209M-4.1% | 218M-3.5% | 226M-4.6% | 237M+1.3% | 234M-1.3% | |
| Finance lease liability | 184M-5.6% | 195M-4.9% | 205M-4.7% | 215M-1.8% | 219M-2.7% | |
| Other non-current liabilities | 173M+44.2% | 120M-3.2% | 124M+19.2% | 104M-25.7% | 140M+17.6% | |
| 4.07B-9.5% | 4.50B+6.7% | 4.21B+42.2% | 2.96B+12.7% | 2.63B+25.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 452M-2.2% | 462M+12.7% | 410M+25.0% | 328M+39.0% | 236M+18.6% | |
| Retained earnings | 3.60B-12.0% | 4.09B+5.2% | 3.89B+39.0% | 2.80B+16.5% | 2.40B+29.0% | |
| Accumulated other comprehensive income | 15.0M+126.3% | -57.0M+30.5% | -82.0M+48.8% | -160M-3100.0% | -5.00M-113.5% | |
| Total liabilities & equity | 15.6B-0.4% | 15.6B+5.0% | 14.9B+20.9% | 12.3B+0.9% | 12.2B+28.1% | |
| Common shares outstanding | 51.0M-8.9% | 56.0M-3.4% | 58.0M+0.0% | 58.0M+0.0% | 58.0M-1.7% | |
| Shares outstanding (cover) | 51.5M-7.2% | 55.5M-5.0% | 58.4M+0.9% | 57.9M-0.9% | 58.4M+0.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -535M-183.1% | 644M-61.3% | 1.66B+115.0% | 773M-63.5% | 2.12B+11.6% | ||
| Depreciation & amortization | 195M+4.8% | 186M+8.8% | 171M-2.8% | 176M+34.4% | 131M+48.9% | |
| Intangible amortization | 91.0M+11.0% | 82.0M-3.5% | 85.0M+10.4% | 77.0M+57.1% | 49.0M+226.7% | |
| Share-based compensation | 47.0M-59.5% | 116M+0.9% | 115M+11.7% | 103M+43.1% | 72.0M+26.3% | |
| Deferred income taxes | 43.0M-18.9% | 53.0M+271.0% | -31.0M+53.0% | -66.0M-175.0% | -24.0M-26.3% | |
| Other operating activities | -3.00M-137.5% | 8.00M+300.0% | 2.00M-75.0% | 8.00M-75.8% | 33.0M+175.0% | |
| 312M+167.2% | -464M+37.6% | -744M+5.8% | -790M+52.2% | -1.65B-313.3% | ||
| Capital expenditure | 101M+1.0% | 100M+19.0% | 84.0M-7.7% | 91.0M+18.2% | 77.0M+4.1% | |
| Free cash flow | -636M-216.9% | 544M-65.5% | 1.58B+131.4% | 682M-66.6% | 2.04B+12.0% | |
| Acquisitions | 245M-28.8% | 344M+11366.7% | 3.00M-97.8% | 134M+3.9% | 129M-82.9% | |
| Other investing activities | -1.00M+0.0% | -1.00M+75.0% | -4.00M-108.0% | 50.0M-20.6% | 63.0M+3250.0% | |
| -170M+51.0% | -347M-498.3% | -58.0M+86.8% | -441M-141.0% | -183M-184.3% | ||
| Long-term debt issued | 838M+13.2% | 740M | 0.00 | 0.00-100.0% | 740M-48.2% | |
| 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 | 1.00B+0.0% | 1.00B | 0.00-100.0% | 400M+212.5% | 128M-78.9% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 29.0M+196.7% | -30.0M-1600.0% | 2.00M-93.9% | 33.0M+3200.0% | 1.00M-50.0% | |
| Net change in cash | -393M-135.3% | -167M-119.4% | 860M+287.8% | -458M-261.8% | 283M-83.5% | |
| Interest paid | 181M+49.6% | 121M+12.0% | 108M+0.0% | 108M-15.0% | 127M+13.4% | |
| Income taxes paid | 275M-27.4% | 379M-6.4% | 405M+19.1% | 340M+44.7% | 235M-26.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.94B-44.7% | 16.2B-23.3% | 21.1B+9.2% | 19.3B+3.8% | 18.6B+50.6% | |
| P/E | 18.9×+38.2% | 13.7×-39.4% | 22.6×-1.6% | 23.0×-18.5% | 28.2×+53.8% | |
| P/S | 0.2×-50.5% | 0.4×-37.3% | 0.6×+2.4% | 0.6×-7.5% | 0.7×+5.3% | |
| P/B | 2.2×-38.9% | 3.6×-33.8% | 5.4×-14.4% | 6.3×-10.2% | 7.1×+20.0% | |
| P/FCF | — | 29.7×+187.7% | 10.3×-20.8% | 13.0×+43.2% | 9.1×+34.5% | |
| Earnings yield | 5.3%-27.6% | 7.3%+65.1% | 4.4%+1.6% | 4.4%+22.6% | 3.5%-35.0% | |
| FCF yield | — | 3.4%-65.2% | 9.7%+26.3% | 7.7%-30.2% | 11.0%-25.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MOH’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 MOH filings on SEC EDGAR → Not investment advice.