MOHMolina Healthcare, Inc.
Is the business good?
The checks split: earnings fully cash-backed (2.3×), 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 profit is falling even as sales grow, costs are outrunning the top line.
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 0.46% 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 Q2 2026
- Cash conversion
- 2.28×
Cash conversion · 0.43× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −4.5%
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 Q2 2026
- 13%
- Operating margin12 months to Q2 2026
- 0.46%
- Net margin12 months to Q2 2026
- −0.02%
- Free cash flow margin
- 0.60%
- Revenue, trailing twelve months
- $44.5B
- Free cash flow, trailing twelve months
- $269M
- Net income, trailing twelve months
- −$7.0M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.