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Molina Healthcare MOH Medical margin — Gross Profit

Other product segments

Service margin
$2M-33.3%

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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:GrossProfit.

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
Segment expenses7,4641,419559209,462
Other operating expenses (2)1,267
Operating income145
Less: interest expense54
Income before income tax expense$91
Segment Margin:
Medical margin$585$146$69$4$804
Service margin22

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FAQ

What is Molina Healthcare's medical margin — gross profit?
Molina Healthcare (MOH) reported medical margin — gross profit of $804M in Q2 2026.
How has Molina Healthcare's medical margin — gross profit changed year-over-year?
Molina Healthcare's medical margin — gross profit decreased by 22.6% year-over-year, from $1.04B to $804M.
What is the long-term trend for Molina Healthcare's medical margin — gross profit?
Over 3 years (2022 to 2025), Molina Healthcare's medical margin — gross profit has grown at a -1.3% compound annual growth rate (CAGR), from $3.71B to $3.56B.
What does medical margin — gross profit mean?
Medical margin represents the difference between premium revenue earned from government-sponsored health plans and the direct medical costs incurred to provide care to members. This metric serves as a primary indicator of underwriting discipline and the effectiveness of medical cost management within specific managed care segments. It reflects the profitability of the core health insurance product before accounting for administrative expenses or corporate overhead.

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