Molina Healthcare, Inc.
Financial Performance
Molina Healthcare Revenue & Financials
Revenue
$45.4B (FY2025)
Market Cap
$9.9B
Net Income
$472M
Employees
19,000
What is Molina Healthcare's revenue?
Molina Healthcare had $45.4B in revenue for fiscal year 2025, up 11.7% from 2024. Net income was $472M.
- Latest revenue
- $45.4B (FY2025)
- Year-over-year
- +11.7%
- Growth rate (CAGR)
- 11% over 9 years
- Peak revenue
- $45.4B (FY2025)
- Years of data
- 10
- Employees
- 19,000
- What is Molina Healthcare's operating income?
- Molina Healthcare reported operating income of $781M for fiscal year 2025. sec.gov
- How much profit does Molina Healthcare make?
- Molina Healthcare reported net income of $472M for fiscal year 2025. sec.gov
- How many employees does Molina Healthcare have?
- Molina Healthcare has about 19,000 employees.
Financial Analysis
Revenue rose from $19.4B in 2020 to $45.4B in 2025, driven by acquisitions and new state contracts, but profit moved the other way in 2025. Net income fell to $472M from $1.18B in 2024, and adjusted EPS of $11.03 was less than half the initial $24.50 guidance, after elevated Medicare and Marketplace costs and two retroactive California Medicaid items. For 2026 Molina guided to about $42B of premium revenue and, after Q2 2026, adjusted EPS of at least $5.25. Q2 2026 premium revenue was $10.2B, down 6% year over year, with a consolidated MCR of 92.2%. Molina Healthcare, Inc. is a massive American managed care company focusing on government-sponsored health programs, maintaining a market valuation generally exceeding $18 billion.
Revenue Trend Analysis
YoY Change
+11.7%
9-Year CAGR
+11%
Peak Year
2025
Trend
Consistent Growth
Molina Healthcare, Inc. has 10 full fiscal year figures on this page, compounding at +11% annually over 9 years. The most recent year saw a 11.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $45.4B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
Molina Healthcare, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | -$535M | $101M | $15.6B | $11.5B | $4.1B | -$636M | Form 10-K |
| FY2024ended Dec 31, 2024 | $644M | $100M | $15.6B | $11.1B | $4.5B | $544M | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.7B | $84M | $14.9B | $10.7B | $4.2B | $1.6B | Form 10-K |
| FY2022ended Dec 31, 2022 | $773M | $91M | $12.3B | $9.3B | $3B | $682M | Form 10-K |
| FY2021ended Dec 31, 2021 | $2.1B | $77M | $12.2B | $9.6B | $2.6B | $2B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.9B | $74M | $9.5B | $7.4B | $2.1B | $1.8B | Form 10-K |
| FY2019ended Dec 31, 2019 | $434M | $57M | $6.8B | $4.8B | $2B | $377M | Form 10-K |
| FY2018ended Dec 31, 2018 | -$314M | $30M | $7.2B | $5.5B | $1.6B | -$344M | Form 10-K |
| FY2017ended Dec 31, 2017 | $804M | $86M | $8.5B | $7.1B | $1.3B | $718M | Form 10-K |
| FY2016ended Dec 31, 2016 | $673M | $176M | $7.4B | $5.8B | $1.6B | $497M | Form 10-K |
Keep researching Molina Healthcare
Molina Healthcare Revenue and Financial FAQ
What was Molina Healthcare's revenue in 2025?
Molina reported $45.4B of total revenue in 2025, up from $40.65B in 2024, including $43.1B of premium revenue.
How profitable is Molina?
2025 GAAP net income was $472M ($8.92 per diluted share) and adjusted EPS was $11.03, down from $22.65 in 2024. Q2 2026 adjusted EPS was $1.51.
What is Molina's 2026 guidance?
After Q2 2026, Molina guided to about $42B of premium revenue, GAAP EPS of at least $2.15 and adjusted EPS of at least $5.25.
What is Molina's market cap?
About $9.9B as of September 25, 2026, with shares near $189 on September 30, 2026, well below the 52-week high of $244.89.
Does Molina pay a dividend?
Molina does not pay a regular cash dividend; it has used capital for acquisitions and share repurchases.
What is the Medical Care Ratio (MCR) and why is it crucial for Molina?
The Medical Care Ratio (MCR), or Medical Loss Ratio (MLR), measures the percentage of premium revenue paid out for healthcare services and prescription drugs. Molina strictly targets an MCR of 86% to 88%. The remaining 12% to 14% of premium revenue covers administrative expenses, customer service, and operating profit. A rise of even 1% in MCR can impact hundreds of millions in operating income.
How did Molina handle the post-COVID Medicaid redetermination process?
During the pandemic, federal law prohibited states from disenrolling Medicaid recipients. When continuous enrollment ended in 2023, states resumed eligibility checks ("redeterminations"), disenrolling millions of recipients nationwide. Molina mitigated the revenue impact through disciplined premium rate negotiations with state agencies, capturing disenrolled members transitioning to ACA marketplace plans, and completing accretive health plan acquisitions.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Molina Healthcare Revenue & Financials." CorpDigest, https://corpdigest.com/company/molina/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Molina Healthcare reported $45.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/molina/financials" target="_blank" rel="noopener">CorpDigest — Molina Healthcare financials</a></div>Related Financial Audits
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