MOH on NYSE

Molina Healthcare

Logo: Molina Healthcare, Public domain, via Wikimedia Commons6

American-managed healthcare insurance company

Molina Healthcare, Inc. is an American managed care company headquartered in Long Beach, California.3 From Wikipedia, CC BY-SA 4.0

$206.86 down 5.64 (2.65%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

1980Founded1

Compare with Humana, Centene Corporation or Elevance Health, Inc., or pick any stock.

  • TickerMOH on NYSE1
  • Industryhealth care industry1
  • HeadquartersLong Beach1
  • Websitemolinahealthcare.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address200 Oceangate, Suite 100, Long Beach, Ca 908027
  • Filer categoryLarge accelerated filer7
  • LEI549300NQQCEQ46YHZ5914
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 35511354

Molina Healthcare, Inc. is an American managed care company headquartered in Long Beach, California. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1.7%Operating margin9
1.0%Net margin9
11.7%Revenue growth, 20259
11.6%Return on equity9
0.93×Debt to equity9
-$636.0MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$39.5B
  • Other costs12¢$5.3B
  • Income tax0¢$117.0M
  • Profit1¢$472.0M

Out of $45.4B in revenue.9

Financial statements

Revenue101112139$45.4B in 2025+170% since 2019
0$20.0B$40.0B$60.0B2019: $16.8B$16.8B20192020: $19.4B$19.4B2020+15%2021: $27.8B$27.8B2021+43%2022: $32.0B$32.0B2022+15%2023: $34.1B$34.1B2023+7%2024: $40.6B$40.6B2024+19%2025: $45.4B$45.4B2025+12%
Gross profit14$2.5B in 2020+8% since 2019
0$1.0B$2.0B$3.0B2019: $2.3B$2.3B20192020: $2.5B$2.5B2020+8%
Operating income101112139$781.0M in 2025−25% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.0B$1.0B20192020: $1.1B$1.1B2020+3%2021: $1.0B$1.0B2021−5%2022: $1.2B$1.2B2022+15%2023: $1.6B$1.6B2023+34%2024: $1.7B$1.7B2024+9%2025: $781.0M$781.0M2025−54%
Net income101112139$472.0M in 2025−36% since 2019
0$500.0M$1.0B$1.5B2019: $737.0M$737.0M20192020: $673.0M$673.0M2020−9%2021: $659.0M$659.0M2021−2%2022: $792.0M$792.0M2022+20%2023: $1.1B$1.1B2023+38%2024: $1.2B$1.2B2024+8%2025: $472.0M$472.0M2025−60%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Premium revenue$43.1B$38.6B$32.5B
Premium tax revenue$1.9B$1.5B$1.1B
Investment income$420.0M$452.0M$394.0M
Other revenue$91.0M$85.0M$80.0M
Total revenue$45.4B$40.6B$34.1B
Medical care costs$39.5B$34.4B$28.7B
General and administrative expenses$3.0B$2.7B$2.5B
Premium tax expenses$1.9B$1.5B$1.1B
Depreciation and amortization$195.0M$186.0M$171.0M
Other$90.0M$100.0M$128.0M
Total operating expenses$44.6B$38.9B$32.5B
Operating income$781.0M$1.7B$1.6B
Interest expense$192.0M$118.0M$109.0M
Income before income tax expense$589.0M$1.6B$1.5B
Income tax expense$117.0M$410.0M$373.0M
Net income$472.0M$1.2B$1.1B
Basic (in dollars per share)$8.93$20.52$18.91
Diluted (in dollars per share)$8.92$20.42$18.77
Basic (in shares)52.8M shares57.4M shares57.7M shares
Diluted (in shares)52.9M shares57.7M shares58.1M shares

Compare Molina Healthcare with another company

The story

Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal. Molina established his first primary care clinic with the goal of treating the lowest-income patients, regardless of their ability to pay.

From Wikipedia’s article on Molina Healthcare, shared under CC BY-SA 4.0.8

Leadership

Who has led Molina Healthcare, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Products and brands

  • health insurance

Listed on Wikidata.1

Entering the Medicare market

Molina Healthcare entered the Medicare market in 2006. The company currently offers Medicare health plan options in: Arizona, California, Florida, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Nevada, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Virginia, Washington and Wisconsin.

Entering MMIS market

Molina Healthcare acquired Unisys' health information management business in December 2010 to create Molina Medicaid Solutions (MMS). MMS has Medicaid Management Information Systems (MMIS) contracts with Idaho, Louisiana, Maine, New Jersey, West Virginia and the U.S. Virgin Islands. In Autumn 2018, Molina Healthcare, Inc. sold its Medicaid management information systems business, Molina Medicaid Solutions (MMS), to DXC Technology. MMS was a wholly owned subsidiary of Molina Healthcare at the time of sale.

Entering health insurance marketplace

In 2014, Molina Healthcare began offering Marketplace plans in nine states where it offered Medicaid health plans through State Facilitated Marketplaces and Federally Facilitated Marketplace. On November 16, 2016 the Seattle Times reported that about 11 million people currently get their coverage through the exchange. In August 2017 Molina announced it would stop offering plans on the health insurance marketplaces in Utah, Wisconsin, and Maine in 2018.

From Wikipedia’s article on Molina Healthcare, shared under CC BY-SA 4.0.8

Former names

  • MOLINA HEALTHCARE INCDec 30, 2002 to Jul 3, 20197

Timeline

  1. Nov 6, 2017New chief executive Joseph M. Zubretsky becomes CEO17
  2. Feb 6, 2006New chief executive Roman Kulich becomes CEO20
  3. Jan 4, 2006New chief executive George Kirk Olsen becomes CEO18
  4. Jan 4, 2006New chief executive Joann Zarza-Garrido becomes CEO19
  5. 1980Founded Founded1

Filings

477 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 290 insider forms, 42 large holders, 48 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Sep 3, 2026SCHEDULE 13G EDGAR
  11. Aug 13, 2026SCHEDULE 13G/A EDGAR
  12. Aug 12, 2026SCHEDULE 13G/A EDGAR
  13. Aug 6, 2026SCHEDULE 13G/A EDGAR
  14. Jul 23, 202610-Q EDGAR
  15. Jul 22, 20268-K EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 477 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

68 open-market trades by officers, directors and large owners since October 2021: 2 buys and 66 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 14, 2026HEBERT MAURICEChief Accounting OfficerSale600$191.55$114.9KForm 4
May 11, 2026Barlow Jeff D.Chief Legal OfficerSale17,811$186.12$3.3MForm 4
Mar 12, 2026ROMNEY RONNADirectorSale506$146.92$74.3KForm 4
Feb 11, 2026ZORETIC RICHARD CDirectorBuy800$125.16$100.1KForm 4
Nov 24, 2025Schapiro Richard MDirectorSale357$143.02$51.1KForm 4
Aug 6, 2025ROMNEY RONNADirectorSale700$153.74$107.6KForm 4
Aug 4, 2025WOYS JAMESChief Operating OfficerBuy10,000$155.94$1.6MForm 4
May 21, 2025WOLF DALE BDirectorSale1,500$322.89$484.3KForm 4
May 5, 2025ORLANDO STEVEN JDirectorSale1,000$318.58$318.6KForm 4
Apr 30, 2025Zubretsky Joseph MPresident & CEOSale87,500$320.06$28.0MForm 4
Apr 29, 2025Schapiro Richard MDirectorSale669$320.50$214.4KForm 4
Mar 3, 2025ORLANDO STEVEN JDirectorSale1,000$301.33$301.3KForm 4
Nov 18, 2024Schapiro Richard MDirectorSale136$292.72$39.8KForm 4
Aug 15, 2024HEBERT MAURICEChief Accounting OfficerSale393$346.52$136.2KForm 4
Jul 30, 2024ORLANDO STEVEN JDirectorSale1,000$339.21$339.2KForm 4
Jul 29, 2024Barlow Jeff D.Chief Legal OfficerSale5,340$335.00$1.8MForm 4
May 22, 2024WOYS JAMESChief Operating OfficerSale10,000$345.15$3.5MForm 4
May 21, 2024ROMNEY RONNADirectorSale250$343.27$85.8KForm 4
Feb 20, 2024Schapiro Richard MDirectorSale1,000$401.05$401.1KForm 4
Feb 15, 2024ORLANDO STEVEN JDirectorSale750$399.12$299.3KForm 4

All 68 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,572,156$1.5B0.0%+203,130
Aqr Capital Management LLC3,560,601$806.9M0.3%+697,208
Vanguard Portfolio Management LLC2,790,243$638.1M0.0%−728
Capital World Investors2,562,913$586.1M0.1%−636,433
Lingotto Investment Management LLP2,511,490$574.4M12.4%New
Vanguard Capital Management LLC2,355,261$538.6M0.0%+45,031
Victory Capital Management Inc1,980,615$453.0M0.3%−90,084
Fmr LLC1,871,290$428.0M0.0%−1,333,634
State Street Corp1,755,467$401.5M0.0%+25,026
Dimensional Fund Advisors LP1,393,338$318.7M0.1%−1,544
Goldman Sachs Group Inc1,306,563$298.8M0.0%+579,678
Wellington Management Group Llp1,267,207$289.8M0.1%+135,247
Two Sigma Investments, LP1,266,338$289.6M0.2%−84,357
Capital Research Global Investors1,092,251$249.8M0.0%+4,446
Morgan Stanley1,007,068$230.3M0.0%+1,071
Harris Associates L P957,500$219.0M0.3%−20,647
Geode Capital Management, LLC891,772$204.0M0.0%−29,241
Manning & Napier Advisors LLC663,669$152.3M2.0%+118,252
UBS Group AG624,180$142.7M0.0%+151,704
Long Focus Capital Management, LLC610,000$139.5M5.7%−5,000
Charles Schwab Investment Management Inc575,045$131.5M0.0%+35,733
Invesco Ltd.508,669$116.3M0.0%+1,029
Jacobs Levy Equity Management, Inc505,241$115.5M0.4%+154,296
Northern Trust Corp386,064$88.3M0.0%+3,011
Norges Bank380,649$87.1M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

11 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 12, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−37.7%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000−5.5%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000−5.5%Report
Aug 5, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+14.0%Report
May 30, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+61.3%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−63.0%Report
Apr 29, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−72.8%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+60.6%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+100.2%Report
Jun 15, 2023Earl Blumenauer, HouseBuy$15,001 - $50,000−99.5%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−115.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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