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MOLINA HEALTHCARE, INC. MOH

NYSE · stock · Hospital & Medical Service Plans · website · IPO 2003-07-02 · LEI

MOLINA HEALTHCARE, INC. statistics & valuation

Market cap$12.0B
P / E25.4×
P / S0.3×
P / B2.9×
Net margin1.0%
Return on equity11.6%
FCF margin-1.4%
Net cash$482.0M
Net debt / EBITDA-0.5×
Enterprise value USD$11.5B
EV / EBITDA11.8×
Earnings yield EBIT/EV6.8%
Return on capital9.5%
Graham number -39.7%$124.25

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($124.25); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
0.30% -2.60% 3.70% 4.40% 3.50% 2.40% 2.50% 3.20% 2.90% 1.00% 2016201720182019202020212022202320242025
Gross margin (%)
9.70% 9.10% 13.30% 13.70% 12.80% 2016201720182019202020212022202320242025
Operating margin (%)
1.70% -2.80% 6.00% 6.20% 5.60% 3.70% 3.70% 4.60% 4.20% 1.70% 2016201720182019202020212022202320242025
Return on equity (%)
3.20% -38.30% 42.90% 37.60% 32.10% 25.10% 26.70% 25.90% 26.20% 11.60% 2016201720182019202020212022202320242025
Shares outstanding
57.0M 60.0M 66.6M 64.2M 59.9M 58.6M 58.5M 58.1M 57.7M 52.9M 2016201720182019202020212022202320242025
Net debt ($)
-$1.17B -$1.87B -$1.81B -$1.22B -$2.03B -$2.27B -$1.83B -$2.67B -$1.74B -$482.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.70% -6.00% 9.90% 10.90% 7.10% 5.40% 6.40% 7.30% 7.50% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.80% 3.60% -1.80% 2.20% 9.40% 7.40% 2.10% 4.60% 1.30% -1.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.00× 0.99× 0.62× 0.63× 1.01× 0.83× 0.73× 0.52× 0.65× 0.93× 2016201720182019202020212022202320242025
EPS ($)
$0.92 -$9.07 $10.61 $11.47 $11.23 $11.25 $13.55 $18.77 $20.42 $8.92 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MOLINA HEALTHCARE, INC. trades at about 23.1× earnings — above its 10-year norm (10-year range 10.7×–61.7×, median 20.1×).

10.7× 61.7×

Shaded band = 10-year range (10.7×–61.7×); dot = today's 23.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin—————12.8%13.7%13.3%9.1%9.7%
Operating margin1.7%4.2%4.6%3.7%3.7%5.6%6.2%6.0%-2.8%1.7%
Net margin1.0%2.9%3.2%2.5%2.4%3.5%4.4%3.7%-2.6%0.3%
FCF margin-1.4%1.3%4.6%2.1%7.4%9.4%2.2%-1.8%3.6%2.8%
Return on assets3.0%7.5%7.3%6.4%5.4%7.1%10.9%9.9%-6.0%0.7%
Return on equity11.6%26.2%25.9%26.7%25.1%32.1%37.6%42.9%-38.3%3.2%
Debt / equity0.93×0.65×0.52×0.73×0.83×1.01×0.63×0.62×0.99×1.00×
Current ratio1.691.621.541.471.431.591.831.521.351.31

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.