MOLINA HEALTHCARE, INC.
MOH · Hospital & Medical Service Plans · 52.1M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Reference price $191.55 · est. market cap ~$10.0B — last insider sale, 2026-05-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C65Molina Healthcare — government-focused (Medicaid/MA) insurer in a pressured year.
Strengths
- ROE 11.6% (67th pct), ROA (67th), strong liquidity (current 1.7)
Risks
- Net income down 60%; negative free cash flow this year
- Medicaid-redetermination, rate and medical-cost-trend pressure
Notable findings
- Cash burnNegative free cash flow (-636.0M)
- ImpairmentRecent 8-K item 2.06 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Buying back stockNet buyback — share count -2%/yr over 4y
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$100,128, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $8.3B cash & investments, ~52 quarters of runway
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
13.1%
Operating margin
1.7%
Net margin
1.0%
Return on equity
11.6%
Return on assets
3.0%
ROIC
7.9%
Revenue growth (QoQ)
-5.1%
Net-income growth
-60.0%
Debt / equity
0.9×
Net debt / EBITDA
-4.6×
Current ratio
1.7×
Free cash flow
-$636M
EBITDA
$976M
Tangible book value
$1.9B
Cash & investments
$8.3B
Cash runway
52q
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-14 | HEBERT MAURICE | Sell | 600 | $191.55 |
| 2026-05-11 | Barlow Jeff D. | Sell | 18K | $186.12 |
| 2026-05-06 | SOISTMAN FRANCIS S JR | Grant | 170 | $197.44 |
| 2026-04-01 | GROHOWSKI LEO P | Grant | 405 | $135.82 |
| 2026-04-01 | WOLF DALE B | Grant | 405 | $135.82 |
| 2026-04-01 | Lockhart Stephen H | Grant | 405 | $135.82 |
| 2026-04-01 | ROMNEY RONNA | Grant | 405 | $135.82 |
| 2026-04-01 | BRASIER BARBARA L | Grant | 405 | $135.82 |
| 2026-04-01 | ORLANDO STEVEN J | Grant | 405 | $135.82 |
| 2026-04-01 | Schapiro Richard M | Grant | 405 | $135.82 |
| 2026-04-01 | ZORETIC RICHARD C | Grant | 405 | $135.82 |
| 2026-03-12 | ROMNEY RONNA | Sell | 506 | $146.92 |
| 2026-03-01 | WOYS JAMES | Tax withheld | 1.3K | $154.05 |
| 2026-03-01 | WOYS JAMES | Grant | 17K | $145.75 |
| 2026-03-01 | Zubretsky Joseph M | Tax withheld | 8.6K | $154.05 |
| 2026-03-01 | Bacon Debra | Tax withheld | 716 | $154.05 |
| 2026-03-01 | Bacon Debra | Grant | 9.6K | $145.75 |
| 2026-03-01 | Keim Mark Lowell | Tax withheld | 2.3K | $154.05 |
| 2026-03-01 | Keim Mark Lowell | Grant | 26K | $145.75 |
| 2026-03-01 | Barlow Jeff D. | Tax withheld | 1.6K | $154.05 |
| 2026-03-01 | Barlow Jeff D. | Grant | 14K | $145.75 |
| 2026-03-01 | Zubretsky Joseph M | Grant | 66K | $145.75 |
| 2026-03-01 | HEBERT MAURICE | Grant | 650 | $154.05 |
| 2026-03-01 | HEBERT MAURICE | Tax withheld | 229 | $154.05 |
| 2026-03-01 | HEBERT MAURICE | Tax withheld | 272 | $154.05 |
| 2026-03-01 | HEBERT MAURICE | Grant | 2.1K | $145.75 |
| 2026-02-11 | ZORETIC RICHARD C | Buy | 800 | $125.16 |
| 2026-01-01 | Lockhart Stephen H | Grant | 317 | $173.54 |
| 2026-01-01 | Schapiro Richard M | Grant | 317 | $173.54 |
| 2026-01-01 | ZORETIC RICHARD C | Grant | 317 | $173.54 |
| 2026-01-01 | GROHOWSKI LEO P | Grant | 317 | $173.54 |
| 2026-01-01 | ROMNEY RONNA | Grant | 317 | $173.54 |
| 2026-01-01 | BRASIER BARBARA L | Grant | 317 | $173.54 |
| 2026-01-01 | WOLF DALE B | Grant | 317 | $173.54 |
| 2026-01-01 | ORLANDO STEVEN J | Grant | 317 | $173.54 |
| 2025-12-31 | Bacon Debra | Grant | 22 | $147.51 |
| 2025-11-24 | Schapiro Richard M | Sell | 357 | $143.02 |
| 2025-10-01 | Lockhart Stephen H | Grant | 285 | $192.79 |
| 2025-10-01 | Schapiro Richard M | Grant | 285 | $192.79 |
| 2025-10-01 | ZORETIC RICHARD C | Grant | 285 | $192.79 |
| 2025-10-01 | GROHOWSKI LEO P | Grant | 285 | $192.79 |
| 2025-10-01 | WOLF DALE B | Grant | 285 | $192.79 |
| 2025-10-01 | ORLANDO STEVEN J | Grant | 285 | $192.79 |
| 2025-10-01 | ROMNEY RONNA | Grant | 285 | $192.79 |
| 2025-10-01 | BRASIER BARBARA L | Grant | 285 | $192.79 |
| 2025-08-06 | ROMNEY RONNA | Sell | 700 | $153.74 |
| 2025-08-04 | WOYS JAMES | Buy | 5.5K | $155.59 |
| 2025-08-04 | WOYS JAMES | Buy | 4.5K | $156.36 |
| 2025-07-01 | BRASIER BARBARA L | Grant | 180 | $306.29 |
| 2025-07-01 | ZORETIC RICHARD C | Grant | 180 | $306.29 |
| 2025-07-01 | WOLF DALE B | Grant | 180 | $306.29 |
| 2025-07-01 | Schapiro Richard M | Grant | 180 | $306.29 |
| 2025-07-01 | ROMNEY RONNA | Grant | 180 | $306.29 |
| 2025-07-01 | ORLANDO STEVEN J | Grant | 180 | $306.29 |
| 2025-07-01 | Lockhart Stephen H | Grant | 180 | $306.29 |
| 2025-07-01 | GROHOWSKI LEO P | Grant | 180 | $306.29 |
| 2025-07-01 | Bacon Debra | Tax withheld | 183 | $306.29 |
| 2025-06-30 | WOYS JAMES | Grant | 85 | $247.39 |
| 2025-06-30 | Barlow Jeff D. | Grant | 85 | $247.39 |
| 2025-06-30 | Bacon Debra | Grant | 41 | $247.39 |
| 2025-05-21 | WOLF DALE B | Sell | 400 | $322.23 |
| 2025-05-21 | WOLF DALE B | Sell | 100 | $320.51 |
| 2025-05-21 | WOLF DALE B | Sell | 900 | $323.27 |
| 2025-05-21 | WOLF DALE B | Sell | 100 | $324.42 |
| 2025-05-05 | ORLANDO STEVEN J | Sell | 1.0K | $318.58 |
| 2025-05-01 | GROHOWSKI LEO P | Grant | 118 | $313.04 |
| 2025-04-30 | Zubretsky Joseph M | Sell | 86K | $320.00 |
| 2025-04-30 | Zubretsky Joseph M | Sell | 1.1K | $324.70 |
| 2025-04-29 | Schapiro Richard M | Sell | 669 | $320.50 |
| 2025-04-01 | ROMNEY RONNA | Grant | 168 | $327.71 |
| 2025-04-01 | ZORETIC RICHARD C | Grant | 168 | $327.71 |
| 2025-04-01 | WOLF DALE B | Grant | 168 | $327.71 |
| 2025-04-01 | Schapiro Richard M | Grant | 168 | $327.71 |
| 2025-04-01 | ORLANDO STEVEN J | Grant | 168 | $327.71 |
| 2025-04-01 | Lockhart Stephen H | Grant | 168 | $327.71 |
| 2025-04-01 | COOPERMAN DANIEL | Grant | 56 | $327.71 |
| 2025-04-01 | BRASIER BARBARA L | Grant | 168 | $327.71 |
| 2025-03-03 | ORLANDO STEVEN J | Sell | 1.0K | $301.33 |
| 2025-03-01 | Keim Mark Lowell | Grant | 11K | $301.12 |
| 2025-03-01 | Keim Mark Lowell | Tax withheld | 5.1K | $301.12 |
| 2025-03-01 | Keim Mark Lowell | Grant | 8.7K | $288.12 |
| 2025-03-01 | Keim Mark Lowell | Tax withheld | 2.5K | $301.12 |
| 2025-03-01 | Barlow Jeff D. | Grant | 7.9K | $301.12 |
| 2025-03-01 | Barlow Jeff D. | Tax withheld | 4.2K | $301.12 |
| 2025-03-01 | Barlow Jeff D. | Tax withheld | 1.9K | $301.12 |
| 2025-03-01 | Barlow Jeff D. | Grant | 4.9K | $288.12 |
| 2025-03-01 | Bacon Debra | Grant | 6.6K | $301.12 |
| 2025-03-01 | Bacon Debra | Tax withheld | 2.3K | $301.12 |
| 2025-03-01 | Bacon Debra | Tax withheld | 431 | $301.12 |
| 2025-03-01 | Bacon Debra | Grant | 3.1K | $288.12 |
| 2025-03-01 | HEBERT MAURICE | Grant | 1.8K | $301.12 |
| 2025-03-01 | HEBERT MAURICE | Tax withheld | 656 | $301.12 |
| 2025-03-01 | HEBERT MAURICE | Tax withheld | 303 | $301.12 |
| 2025-03-01 | HEBERT MAURICE | Grant | 902 | $288.12 |
| 2025-03-01 | WOYS JAMES | Grant | 9.3K | $301.12 |
| 2025-03-01 | WOYS JAMES | Tax withheld | 3.4K | $301.12 |
| 2025-03-01 | WOYS JAMES | Tax withheld | 1.6K | $301.12 |
| 2025-03-01 | WOYS JAMES | Grant | 6.2K | $288.12 |
| 2025-03-01 | Zubretsky Joseph M | Grant | 43K | $301.12 |
| 2025-03-01 | Zubretsky Joseph M | Tax withheld | 20K | $301.12 |
| 2025-03-01 | Zubretsky Joseph M | Tax withheld | 9.0K | $301.12 |
| 2025-03-01 | Zubretsky Joseph M | Grant | 22K | $288.12 |
| 2025-01-01 | COOPERMAN DANIEL | Grant | 189 | $291.05 |
| 2025-01-01 | Bacon Debra | Tax withheld | 450 | $291.05 |
| 2025-01-01 | Lockhart Stephen H | Grant | 189 | $291.05 |
| 2025-01-01 | WOLF DALE B | Grant | 189 | $291.05 |
| 2025-01-01 | ORLANDO STEVEN J | Grant | 189 | $291.05 |
| 2025-01-01 | ROMNEY RONNA | Grant | 189 | $291.05 |
| 2025-01-01 | ZORETIC RICHARD C | Grant | 189 | $291.05 |
| 2025-01-01 | Schapiro Richard M | Grant | 189 | $291.05 |
| 2025-01-01 | BRASIER BARBARA L | Grant | 189 | $291.05 |
| 2024-12-31 | Bacon Debra | Grant | 13 | $247.39 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- Centers for Medicare and Medicaid Services (CMS)
- Idaho Department of Health and Welfare
- Wisconsin Department of Health Services
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Reg FDExhibits | filing ↗ |
| 2026-05-11 | Exec/director change5.03Shareholder voteExhibits | filing ↗ |
| 2026-05-08 | Reg FDExhibits | filing ↗ |
| 2026-04-22 | ResultsExhibits | filing ↗ |
| 2026-02-26 | Reg FD | filing ↗ |
| 2026-02-06 | Material agreementDebt obligationImpairmentExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-11-20 | Material agreementDebt obligationOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0001437749-26-020160 ↗ |
| 8-K | 2026-05-11 | 2026-05-06 | 0001179929-26-000026 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001437749-26-015766 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0001179929-26-000023 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001179929-26-000020 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001437749-26-005871 ↗ |
| 10-K | 2026-02-10 | 2025-12-31 | 0001179929-26-000005 ↗ |
| 8-K | 2026-02-06 | 2026-02-04 | 0001437749-26-003384 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001179929-26-000002 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001437749-25-035866 ↗ |
| 8-K | 2025-11-18 | 2025-11-17 | 0001437749-25-035490 ↗ |
| 8-K | 2025-11-17 | 2025-11-17 | 0001437749-25-035305 ↗ |