Molina Healthcare, Inc. (MOH) Stock

Molina Healthcare, Inc. (MOH) is a Healthcare stock trading at $197.90 (as of 2026-07-24), with a market capitalization of $10.33B and a trailing P/E of 61.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Molina Healthcare, Inc. provides managed health care services for low-income individuals and families through Medicaid and Medicare programs and through state insurance marketplaces. The company operates in Medicaid, Medicare, Marketplace, and Other segments and served millions of members across 18 states.

Understand Molina Healthcare, Inc.: how it makes money

Molina Healthcare provides managed health care coverage for low-income families and individuals under Medicaid, Medicare, and state insurance marketplaces, and earns premium revenue to cover member healthcare costs.

Molina's profit engine is driven by premium revenue versus medical costs, captured by the medical care ratio across its Medicaid, Medicare, and Marketplace businesses.

Business quality (Weak): Clear operating KPIs are provided (medical care ratios, premium revenue, and membership metrics), but segment-level revenue dollars for the official Medicaid, Medicare, Marketplace, and Other segments are not provided.

Valuation: At 52× earnings, MOH trades 311% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Marketplace medical care ratio of 84.0%: This suggests lower medical cost pressure in the Marketplace business relative to higher consolidated and Medicaid levels.
  • Marketplace renewal mix of 70.0%: A relatively strong renewal mix can support steadier premium revenue generation from the Marketplace portfolio.
  • Members served around 5.2 million across government programs: A large member base across Medicaid, Medicare, and other government-sponsored programs provides substantial scale.

Bear case

  • Consolidated medical care ratio of 91.1%: Medical costs are high relative to premiums, so unfavorable changes in utilization or cost trends could pressure results.
  • Medicaid redeterminations show member losses (net loss of 100,000, cumulative loss of 650,000): Ongoing eligibility redeterminations create uncertainty in Medicaid membership and the associated premium revenue.
  • Medicaid membership decline of 93,000: A shrinking Medicaid base can reduce premium revenue contribution, depending on retention and enrollment dynamics.
Valuation — source: SEC EDGAR (first-party)
Price$197.90
Market Cap$10.33B
P/E Ratio61.9
EV / EBITDA14.7
Price / Book2.48
Price / Sales0.24
FCF Yield24.2%
DCF Value (model)$108.06
DCF Upside vs Price-45.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$45.43B
Net Margin1.0%
Revenue Growth (YoY)11.7%
EPS Growth (YoY)-56.5%
FCF Growth (YoY)-216.9%
Financial Health — source: SEC EDGAR
Altman Z-Score4.33 (safe)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E61.9
Sector P/E (Healthcare)21.2
Industry P/E (Insurance)12.7
vs Sector191.3%
vs Industry385.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.06B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorHealthcare
IndustryInsurance
CEOJoseph Michael Zubretsky
Employees18,000
CountryUS
IPO Date2003-07-02

Related Companies (Insurance (FF48 industry); 8 closest by market cap; US-domiciled)

  • Elevance Health Inc. (ELV)
  • Cigna Corporation (CI)
  • Humana Inc. (HUM)
  • Centene Corporation (CNC)
  • Unum Group (UNM)
  • Oscar Health, Inc. (OSCR)
  • Alignment Healthcare, Inc. (ALHC)
  • Clover Health Investments, Corp. (CLOV)
MOH earnings history · MOH institutional & insider holders · MOH KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.