Metrics
The numbers behind Molina Healthcare, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: All figures in US$ millions as printed in the filings, except per-share (US$) and ratio/percent rows. Fiscal year ends December 31. Each FY2021–FY2025 column is cited to that year's own Form 10-K (income and cash flow statements print three years; balance sheets print two). Every core-statement cell in the FY2021–FY2025 columns is filing-verified. Revenue breakdown and medical margin are the company's reported segments — Medicaid, Medicare, Marketplace and (from FY2024/FY2025) Other — taken from the MD A 'Segment Financial Performance' premium/medical-margin/MCR tables. The 'Other' segment premium is reported only from FY2025 ($90M); it was nil or not separately shown earlier. Long-term record FY2016–FY2020 figures are from the standardized data feed (SEC XBRL) and are shown without page links; FY2021–FY2025 are filing-linked.
Share Price — Full Available History — 23 Years
The stock closed at $224.82 on Jul 16, 2026 — up 2,429% over the window shown (+15.1% a year), trading between $7.44 and $419.53. At that close the stock trades at 25× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 5,796 source observations, Jul 2003–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (×1.5 on May 23, 2011).
FY2025 at a Glance
Revenue (US$ millions)
Operating income (US$ millions)
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Premium Revenue by Program
| Premium Revenue by Program | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Medicaid | 20,461 | 24,827 | 26,327 | 30,579 | 32,240 |
| Medicare | 3,361 | 3,795 | 4,179 | 5,542 | 6,235 |
| Marketplace | 3,033 | 2,261 | 2,023 | 2,506 | 4,487 |
| Other | — | — | — | — | 90 |
| Total premium revenue | 26,855 | 30,883 | 32,529 | 38,627 | 43,052 |
| Total premium revenue growth, derived | — | +15.0% | +5.3% | +18.7% | +11.5% |
Source: Form 10-K MD&A Segment Financial Performance — premium revenue by segment [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Medical Margin by Program
| Medical Margin by Program | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Medicaid | 2,322 | 2,981 | 2,973 | 2,979 | 2,652 |
| Medicare | 430 | 437 | 388 | 603 | 475 |
| Marketplace | 399 | 290 | 499 | 617 | 423 |
| Other | — | — | — | — | 14 |
| Total medical margin | 3,151 | 3,708 | 3,860 | 4,199 | 3,564 |
Source: Form 10-K MD&A Segment Financial Performance — medical margin by segment [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Income [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-17. Estimate figures link to the consensus source, not to filing pages.
Balance Sheet
Source: Consolidated Balance Sheets [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Operating income | Net income | Diluted earnings per share | Net cash from operating activities | Total stockholders' equity |
|---|---|---|---|---|---|---|
| FY2016 | 17,782 | 306 | 52 | 0.92 | 673 | 1,649 |
| FY2017 | 19,883 | (555) | (512) | (9.07) | 804 | 1,337 |
| FY2018 | 18,890 | 1,131 | 707 | 10.61 | (314) | 1,647 |
| FY2019 | 16,829 | 1,044 | 737 | 11.47 | 434 | 1,960 |
| FY2020 | 19,423 | 1,078 | 673 | 11.23 | 1,898 | 2,096 |
| FY2021 | 27,771 | 1,020 | 659 | 11.25 | 2,119 | 2,630 |
| FY2022 | 31,974 | 1,173 | 792 | 13.55 | 773 | 2,964 |
| FY2023 | 34,072 | 1,573 | 1,091 | 18.77 | 1,662 | 4,215 |
| FY2024 | 40,650 | 1,707 | 1,179 | 20.42 | 644 | 4,496 |
| FY2025 | 45,426 | 781 | 472 | 8.92 | (535) | 4,069 |
Source: consolidated statements across filings; older years from the standardized feed [13] [9] [1] [14]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total membership | 5,199,000 | 5,258,000 | 4,995,000 | 5,535,000 | 5,491,000 |
| Medicaid membership | 4,329,000 | 4,754,000 | 4,542,000 | 4,890,000 | 4,568,000 |
| Marketplace membership | 728,000 | 348,000 | 281,000 | 403,000 | 655,000 |
| Consolidated medical care ratio (MCR) | 88.3% | 88.0% | 88.1% | 89.1% | 91.7% |
Source: company-reported operating metrics [5] [17] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Current price
Mean target
Median target
High target
Low target
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-17. Estimate figures link to the consensus source, not to filing pages.
Traceability
306 of 336 figures on this page (91%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All figures in US$ millions as printed in the filings, except per-share (US$) and ratio/percent rows. Fiscal year ends December 31.
Each FY2021–FY2025 column is cited to that year's own Form 10-K (income and cash flow statements print three years; balance sheets print two). Every core-statement cell in the FY2021–FY2025 columns is filing-verified.
Revenue breakdown and medical margin are the company's reported segments — Medicaid, Medicare, Marketplace and (from FY2024/FY2025) Other — taken from the MD A 'Segment Financial Performance' premium/medical-margin/MCR tables. The 'Other' segment premium is reported only from FY2025 ($90M); it was nil or not separately shown earlier.
Long-term record FY2016–FY2020 figures are from the standardized data feed (SEC XBRL) and are shown without page links; FY2021–FY2025 are filing-linked.
Quarterly Q4 FY25 income columns are derived (full-year FY2025 10-K less nine-month YTD from the Q3 FY2025 10-Q) and cross-check exactly to the quarterly data feed. Quarterly single-quarter operating cash flow is derived from printed year-to-date statements and also cross-checks to the feed.
1 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).