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Companies / Health Care / Molina Healthcare, Inc.
MOH

Molina Healthcare, Inc.

Health CareInsurance
Ticker MOHLONG BEACH, CAFiscal year ends DecemberBook value per share $80.99Diluted shares 51.3M

Molina Healthcare, Inc. (NYSE: MOH) provides managed healthcare services through Medicaid and Medicare programs and state insurance marketplaces, serving low-income families and individuals, including older adults and people with disabilities. Its health plans arrange and manage covered care, including medical,… From the company’s description.

In fiscal 2025, Molina Healthcare, Inc. reported revenue of $45.43B, up 11.7% from fiscal 2024, and net income of $472.00M. Its operating margin was 1.7%, and operations used $535.00M in cash. Over the twelve months to Sep 30, 2026, revenue was $44.13B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$45.43BFY2025
+11.7% year over year
Last 12 mo $44.13B
1.72%FY2025
−2.5 percentage points
Last 12 mo 0.39%
$472.00MFY2025
−60.0% year over year
Last 12 mo $-48.00M
11.60%FY2025
−14.6 percentage points
Last 12 mo -1.16%
Cash & financing
$-535.00MFY2025
−183.1% year over year
Last 12 mo $331.00M
$-636.00MFY2025
−216.9% year over year
Last 12 mo $238.00M
0.97FY2025
Was 0.69× a year earlier
Last 12 mo 0.95
52.9MFY2025
−8.3% year over year
Last 12 mo 51.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Molina Healthcare, Inc. does

In the company’s own words

Molina Healthcare, Inc. (NYSE: MOH) provides managed healthcare services through Medicaid and Medicare programs and state insurance marketplaces, serving low-income families and individuals, including older adults and people with disabilities. Its health plans arrange and manage covered care, including medical, prescription drug, behavioral health, and long-term services and supports. The company operates four reportable segments: Medicaid, Medicare, Marketplace, and Other. Medicaid is the largest, generating $32.2 billion of 2025 premium revenue, or 75% of the total; Medicare generated $6.2 billion, Marketplace $4.5 billion, and Other $90 million. As of December 31, 2025, Molina served approximately 5.5 million members across 21 states. Total revenue was $45.4 billion in 2025. Founded in 1980 as a provider organization serving low-income families in Southern California, Molina now focuses on government-sponsored healthcare. In 2025, it acquired ConnectiCare, a Connecticut health plan serving approximately 140,000 members across Marketplace, Medicare, and commercial products.

Company details
Sector
Health Care
Industry (SIC)
Insurance
Headquarters
LONG BEACH, CA
Fiscal year end
December
CIK
1179929
SIC
6324

Financial performance, year by year

Fiscal 2013–2025 · USD
$-5.11B$8.68B$22.46B$36.24B$50.02B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Molina Healthcare, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

423
funds hold it
2 of 35
superinvestors hold it
$5.25B
held by funds, at market
46.7%
of shares held by funds
6
bond issues held by funds

Superinvestors in Molina Healthcare, Inc. · what they did last quarter

Bill NygrenDECREASED -2.1%
Harris Associates (Oakmark)
0.3%of 13F portfolio
Seth KlarmanUNCHANGED
Baupost Group
2.7%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Molina Healthcare, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.64%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
2.13%of fund net assets
0.32%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.14%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Molina Healthcare, Inc.’s bonds, as funds hold them

Funds report holding 6 issues of Molina Healthcare, Inc.’s debt, $1.69B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.16%, maturing 2028 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Molina Healthcare, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Molina Healthcare, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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