MOH - MOLINA HEALTHCARE, INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	11.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+47%)	19.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+141%)	6.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-18%)	15.1% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+89%)	43.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+437%)	15.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+93%)	-10.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-236%)	-5.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-162%)	11.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	25.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+218%)	46.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+483%)	46.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+484%)	9.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	26.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+230%)	16.7% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+109%)	—	—
EPS Growth YoY (%)	-56.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	8.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	37.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	20.4% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-3.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	2.4% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-66.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	106.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	14.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	452.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-53.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-66.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-60.0% Weak ↓ Weak Declining Year-over-year change in net income	8.1% Fair ↓ Fair Declining Year-over-year change in net income	37.8% Excellent ↑ Excellent Improving Year-over-year change in net income	20.2% Good ↑ Good Improving Year-over-year change in net income	-2.1% Weak ↑ Weak Improving Year-over-year change in net income	-8.7% Weak Weak Year-over-year change in net income	4.2% Caution Caution Year-over-year change in net income	N/M	N/M	-63.6% Weak ↓ Weak Declining Year-over-year change in net income	130.6% Excellent → Excellent Stable Year-over-year change in net income	17.1% Good ↓ Good Declining Year-over-year change in net income	440.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-53.0% Weak Weak Year-over-year change in net income	-62.1% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	-65.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	131.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-66.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	14.3% Fair Fair Year-over-year change in free cash flow	419.7% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	40.9% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	-52.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-15.3% Weak Weak Year-over-year change in free cash flow	442.4% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	12.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	13.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	20.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	-0.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	10.0% Good ↓ Good Declining Compound annual revenue growth over 3 years	27.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	39.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	33.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	26.5% Excellent Excellent Compound annual revenue growth over 3 years	17.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	18.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	19.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.3% Good ↓ Good Declining Compound annual revenue growth over 5 years	6.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	11.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	23.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	27.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	30.1% Excellent Excellent Compound annual revenue growth over 5 years	28.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-13.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	21.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	5.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	-0.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	133.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	61.4% Excellent → Excellent Stable Compound annual EPS growth over 3 years	—	-7.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	135.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	43.5% Excellent Excellent Compound annual EPS growth over 3 years	-4.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	4.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	4.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	3.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	5.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	6.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	6.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	-2.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-119%)	1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	2.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	2.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	2.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	0.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	1.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	2.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	—
Effective Tax Rate (%) (%)	19.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.8% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.5% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.5% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	2.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	2.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	2.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	3.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	3.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	-2.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	1.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	0.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	0.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	1.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	—
FCF Margin (%) (%)	-1.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	4.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-1.35x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.46x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.45x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	0.86x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	3.10x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.71x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.50x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.49x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.40x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	9.56x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	6.94x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	17.10x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	3.59x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	35.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	10.83x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	2.94x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%)	8.0% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	17.1% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	18.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	17.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	17.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	25.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	33.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-16.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	5.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	10.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.5% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.4% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	15.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	-6.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	1.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	4.9% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	11.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	26.2% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+75%)	25.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+73%)	26.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+78%)	25.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	32.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+114%)	37.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+151%)	42.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+186%)	-38.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-355%)	3.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	9.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	6.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	5.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	1.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-92%)	2.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-82%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	0.93x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	0.65x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	0.52x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-14%)	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+22%)	0.83x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+38%)	1.01x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+5%)	0.62x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.99x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+64%)	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+46%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+51%)	0.68x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+14%)	0.83x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+38%)	0.35x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-42%)	0.29x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-52%)	—	—
Interest Coverage (x)	4.31x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	14.11x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.43x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.66x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	8.50x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.57x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.00x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.83x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-4.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.03x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.86x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.39x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	2.62x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.12x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	5.17x Good Good Operating income divided by interest expense Optimal: > 5x	6.77x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-482.00M	$-1.74B	$-2.67B	$-1.83B	$-2.27B	$-2.03B	$-1.22B	$-1.81B	$-1.87B	$-1.37B	$-918.00M	$-849.00M	$-198.90M	$-521.30M	$-276.90M	$-455.89M	$-469.50M
Debt / EBITDA (x)	3.86x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.54x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.25x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.61x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.89x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.82x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.09x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.81x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.50x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.96x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.75x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.11x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.20x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.40x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.40x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$860.34	$708.19	$590.50	$553.18	$480.47	$329.20	$270.56	$309.17	$352.54	$323.31	$272.65	$205.68	$144.12	—	—	—	—
Basic EPS, GAAP (USD)	$8.93	$20.52	$18.91	$13.72	$11.40	$11.40	$11.85	$11.57	$-9.07	$0.93	$2.75	$1.33	$1.16	$0.21	$0.45	$1.34	—
Free Cash Flow per Share (USD)	$-12.05	$9.48	$27.35	$11.80	$35.33	$30.92	$5.95	$-5.63	$12.73	$9.04	$19.10	$22.55	$4.16	—	—	—	—
Book Value per Share (USD)	$79.78	$80.29	$72.67	$51.10	$45.34	$35.53	$31.61	$26.56	$22.28	$28.93	$27.80	$20.20	$19.47	$16.73	$16.48	—	—
Tangible Book Value per Share (USD)	$41.39	$50.45	$51.28	$31.88	$28.41	$23.80	$29.31	$24.26	$19.18	$18.05	$18.54	$14.76	$14.44	$13.50	$13.12	—	—
Basic Weighted Avg Shares (shares)	52.80M	57.40M	57.70M	57.80M	57.80M	59.00M	62.20M	61.10M	56.40M	55.00M	52.00M	47.00M	45.72M	46,380	45,756	41,174	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD)	$5.07B	$4.88B	$4.37B	$3.23B	$3.02B	$2.91B	$2.70B	$2.22B	$1.95B	$1.42B	$1.48B	$1.03B	$745.69M	$521.09M	$446.25M	—	—
LT Debt (USD)	$3.77B	$2.92B	$2.18B	$2.18B	$2.17B	$2.13B	$1.24B	$1.02B	$1.32B	$1.45B	$1.41B	$690.00M	$737.00M	$274.47M	$216.93M	—	—
Total Equity (USD)	$4.07B	$4.50B	$4.21B	$2.96B	$2.63B	$2.10B	$1.96B	$1.65B	$1.34B	$1.65B	$1.56B	$1.01B	$892.94M	$782.31M	$755.07M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$45.43B	$40.65B	$34.07B	$31.97B	$27.77B	$19.42B	$16.83B	$18.89B	$19.88B	$17.78B	$14.18B	$9.67B	$6.59B	$6.03B	$4.77B	$4.09B	—
Depreciation Expense (USD)	$195.00M	$186.00M	$171.00M	$176.00M	$131.00M	$88.00M	$89.00M	$127.00M	$178.00M	$182.00M	$126.00M	$134.00M	$93.87M	$78.76M	$74.38M	$60.77M	—
Net Income, GAAP (USD)	$472.00M	$1.18B	$1.09B	$792.00M	$659.00M	$673.00M	$737.00M	$707.00M	$-512.00M	$52.00M	$143.00M	$62.00M	$52.93M	$9.79M	$20.82M	$54.97M	—
Operating Cash Flow (USD)	$-535.00M	$644.00M	$1.66B	$773.00M	$2.12B	$1.90B	$427.00M	$-314.00M	$804.00M	$673.00M	$1.12B	$1.06B	$190.08M	$347.78M	$225.40M	$161.40M	—

MOLINA HEALTHCARE, INC.

Analytical Summary

17-Year Financial Trajectory

Health Breakdown

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