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

Humana brought in $129.7B of revenue in fiscal 2025, Molina Healthcare $45.4B in fiscal 2025. Revenue changed by +10.1% at Humana and +11.7% at Molina Healthcare on the year before, so Molina Healthcare grew faster. Humana kept 0.9% of its revenue as net profit, Molina Healthcare 1.0%. Free cash flow was $375M at Humana and -$636M at Molina Healthcare.

Side by side, latest fiscal year

HUMMOH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$129.7B$45.4B
Revenue growth+10.1%+11.7%
Net income$1.2B$472M
Net margin0.9%1.0%
Free cash flow$375M-$636M
Free cash flow margin0.3%-1.4%
Earnings per share (diluted)$9.84$8.92
Cash$4.2B$4.2B
Debt$12.4B$3.8B
Price to earnings40.421.4
Market value$47.8B$10B
Dividend yield0.89%n/a
Rank by revenue in sector#8 of 523 · Health care#17 of 523 · Health care

Over the years

Revenue
HUM FY2018: $56.9BHUM FY2019: $64.9BHUM FY2020: $77.2BHUM FY2021: $83.1BHUM FY2022: $92.9BHUM FY2023: $106.4BHUM FY2024: $117.8BHUM FY2025: $129.7BMOH FY2018: $18.9BMOH FY2019: $16.8BMOH FY2020: $19.4BMOH FY2021: $27.8BMOH FY2022: $32BMOH FY2023: $34.1BMOH FY2024: $40.7BMOH FY2025: $45.4BFY18FY19FY20FY21FY22FY23FY24FY25
HUM $129.7BMOH $45.4B
Net income
HUM FY2018: $1.7BHUM FY2019: $2.7BHUM FY2020: $3.4BHUM FY2021: $2.9BHUM FY2022: $2.8BHUM FY2023: $2.5BHUM FY2024: $1.2BHUM FY2025: $1.2BMOH FY2018: $707MMOH FY2019: $737MMOH FY2020: $673MMOH FY2021: $659MMOH FY2022: $792MMOH FY2023: $1.1BMOH FY2024: $1.2BMOH FY2025: $472MFY18FY19FY20FY21FY22FY23FY24FY25
HUM $1.2BMOH $472M
Net margin
HUM FY2018: 3.0%HUM FY2019: 4.2%HUM FY2020: 4.4%HUM FY2021: 3.5%HUM FY2022: 3.0%HUM FY2023: 2.3%HUM FY2024: 1.0%HUM FY2025: 0.9%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
HUM 0.9%MOH 1.0%
Revenue growth
HUM FY2019: +14.0%HUM FY2020: +18.9%HUM FY2021: +7.7%HUM FY2022: +11.8%HUM FY2023: +14.5%HUM FY2024: +10.7%HUM FY2025: +10.1%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
HUM +10.1%MOH +11.7%
Free cash flow
HUM FY2018: $1.6BHUM FY2019: $4.5BHUM FY2020: $4.7BHUM FY2021: $920MHUM FY2022: $3.5BHUM FY2023: $3BHUM FY2024: $2.4BHUM FY2025: $375MMOH FY2018: -$344MMOH FY2019: $377MMOH FY2020: $1.8BMOH FY2021: $2BMOH FY2022: $682MMOH FY2023: $1.6BMOH FY2024: $544MMOH FY2025: -$636MFY18FY19FY20FY21FY22FY23FY24FY25
HUM $375MMOH -$636M

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

Questions about Humana and Molina Healthcare

Which is bigger by revenue, Humana or Molina Healthcare?

Humana is bigger by revenue: $129.7B in fiscal 2025, against $45.4B for Molina Healthcare in fiscal 2025.

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

Humana had a net margin of 0.9% in fiscal 2025; Molina Healthcare had 1.0% in fiscal 2025.

Which grew revenue faster, Humana or Molina Healthcare?

In their latest fiscal years revenue changed by +10.1% at Humana 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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