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Cigna vs Molina Healthcare: revenue, profit, margins and growth compared

Cigna brought in $274.9B of revenue in fiscal 2025, Molina Healthcare $45.4B in fiscal 2025. Revenue changed by +11.2% at Cigna and +11.7% at Molina Healthcare on the year before, so Molina Healthcare grew faster. Cigna kept 2.2% of its revenue as net profit, Molina Healthcare 1.0%.

Side by side, latest fiscal year

CIMOH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$274.9B$45.4B
Revenue growth+11.2%+11.7%
Net income$6B$472M
Net margin2.2%1.0%
Free cash flown/a-$636M
Free cash flow marginn/a-1.4%
Earnings per share (diluted)$22.18$8.92
Cash$7.7B$4.2B
Debt$30.9B$3.8B
Price to earnings12.321.4
Market value$71.9B$10B
Dividend yield2.22%n/a
Rank by revenue in sector#4 of 523 · Health care#17 of 523 · Health care

Over the years

Revenue
CI FY2018: $48.7BCI FY2019: $153.6BCI FY2020: $160.4BCI FY2021: $174.1BCI FY2022: $180.5BCI FY2023: $195.3BCI FY2024: $247.1BCI FY2025: $274.9BMOH FY2018: $18.9BMOH FY2019: $16.8BMOH FY2020: $19.4BMOH FY2021: $27.8BMOH FY2022: $32BMOH FY2023: $34.1BMOH FY2024: $40.7BMOH FY2025: $45.4BFY18FY19FY20FY21FY22FY23FY24FY25
CI $274.9BMOH $45.4B
Net income
CI FY2018: $2.6BCI FY2019: $5.1BCI FY2020: $8.5BCI FY2021: $5.4BCI FY2022: $6.7BCI FY2023: $5.2BCI FY2024: $3.4BCI FY2025: $6BMOH FY2018: $707MMOH FY2019: $737MMOH FY2020: $673MMOH FY2021: $659MMOH FY2022: $792MMOH FY2023: $1.1BMOH FY2024: $1.2BMOH FY2025: $472MFY18FY19FY20FY21FY22FY23FY24FY25
CI $6BMOH $472M
Net margin
CI FY2018: 5.4%CI FY2019: 3.3%CI FY2020: 5.3%CI FY2021: 3.1%CI FY2022: 3.7%CI FY2023: 2.6%CI FY2024: 1.4%CI FY2025: 2.2%MOH FY2018: 3.7%MOH FY2019: 4.4%MOH FY2020: 3.5%MOH FY2021: 2.4%MOH FY2022: 2.5%MOH FY2023: 3.2%MOH FY2024: 2.9%MOH FY2025: 1.0%FY18FY19FY20FY21FY22FY23FY24FY25
CI 2.2%MOH 1.0%
Revenue growth
CI FY2019: +215.7%CI FY2020: +4.5%CI FY2021: +8.5%CI FY2022: +3.7%CI FY2023: +8.2%CI FY2024: +26.6%CI FY2025: +11.2%MOH FY2019: -10.9%MOH FY2020: +15.4%MOH FY2021: +43.0%MOH FY2022: +15.1%MOH FY2023: +6.6%MOH FY2024: +19.3%MOH FY2025: +11.7%FY19FY20FY21FY22FY23FY24FY25
CI +11.2%MOH +11.7%
Free cash flow
CI FY2018: $3.2BCI FY2019: $8.4BMOH FY2018: -$344MMOH FY2019: $377MMOH FY2020: $1.8BMOH FY2021: $2BMOH FY2022: $682MMOH FY2023: $1.6BMOH FY2024: $544MMOH FY2025: -$636MFY18FY19FY20FY21FY22FY23FY24FY25
CI $8.4BMOH -$636M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cigna and Molina Healthcare

Which is bigger by revenue, Cigna or Molina Healthcare?

Cigna is bigger by revenue: $274.9B in fiscal 2025, against $45.4B for Molina Healthcare in fiscal 2025.

Which keeps more of its revenue as profit, Cigna or Molina Healthcare?

Cigna had a net margin of 2.2% in fiscal 2025; Molina Healthcare had 1.0% in fiscal 2025.

Which grew revenue faster, Cigna or Molina Healthcare?

In their latest fiscal years revenue changed by +11.2% at Cigna and +11.7% at Molina Healthcare.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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