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Molina Healthcare MOH Marketplace — Medical care costs

Other segment segments

Medicaid
$7.46B+1.8%
Medicare
$1.42B-1.9%
Other
-$2M-108%

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Other financials

Income statement

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Revenue$10.9B-4.8%
Gross profit$1.4B-10.3%
Operating income$145.0M-61.1%
Net income$60.0M-76.5%
EPS (diluted)$1.19-74.9%

Balance sheet

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Cash & equivalents$5.0B+10.8%
Total debt$4.0B+10.9%
Total equity$4.2B-9.4%
Total assets$16.0B-1.3%

Cash flow

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Operating cash flow$1.1B+469%
CapEx$30.0M-28.6%
Free cash flow$1.1B+528%

Valuation

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Market cap$10.19B+23.4%
Enterprise value$9.15B+25.1%
P/E25×-12.1×
P/S0.2×0.0×

Profitability

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Gross margin12.6%-2.2pp
Operating margin3%-1.2pp
Net margin2%-0.9pp
FCF margin0.6%

Returns & leverage

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Return on equity19.7%-6.7pp
Debt / equity0.9×+0.2×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Molina Healthcare in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Molina Healthcare’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 10:21 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001179929-26-000039
Line itemMedicaidMedicareMarketplaceOtherTotal
Other operating revenues (1)606
Total revenue10,874
Operating Expenses:
Medical care costs7,4641,419559(2)9,440
Cost of service revenue2222
Segment expenses7,4641,419559209,462
Other operating expenses (2)1,267
Operating income145

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FAQ

What is Molina Healthcare's marketplace — medical care costs?
Molina Healthcare (MOH) reported marketplace — medical care costs of $559M in Q2 2026.
How has Molina Healthcare's marketplace — medical care costs changed year-over-year?
Molina Healthcare's marketplace — medical care costs decreased by 45.5% year-over-year, from $1.03B to $559M.
What is the long-term trend for Molina Healthcare's marketplace — medical care costs?
Over 3 years (2022 to 2025), Molina Healthcare's marketplace — medical care costs has grown at a 27.3% compound annual growth rate (CAGR), from $1.97B to $4.06B.
What does marketplace — medical care costs mean?
Represents the total direct costs incurred by the health plan for providing medical services to members within the Marketplace segment. This includes payments to hospitals, physicians, and other healthcare providers for covered benefits. Monitoring this metric is essential for assessing the medical loss ratio and the overall underwriting profitability of the segment.

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