MOHMolina Healthcare, Inc.
Is the business good?
The checks split: earnings fully cash-backed (2.4×), but margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MOH?
Molina Healthcare, Inc. keeps 0.39% of every revenue dollar as operating profit, against 2.0% for the median Healthcare Plans name.
Operating margin · Healthcare Plans median 2.0% · 12 months to Q3 2026
- Cash conversion
- 2.44×
Cash conversion · −0.45× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −1.9%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 13%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 5.5% |
| FY2021 | 3.7% |
| FY2022 | 3.7% |
| FY2023 | 4.6% |
| FY2024 | 4.2% |
| FY2025 | 1.7% |
Details›
- Gross margin12 months to Q3 2026
- 13%
- Operating margin12 months to Q3 2026
- 0.39%
- Net margin12 months to Q3 2026
- −0.11%
- Free cash flow margin
- 0.53%
- Revenue, trailing twelve months
- $44.1B
- Free cash flow, trailing twelve months
- $236M
- Net income, trailing twelve months
- −$48M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from MOH and who it buys from, as the companies report it.
None disclosed.
- EVHEvolent Health, Inc.26%
MOH is 26% of its revenue · FY2025 10-K
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; MOH’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.