What is Molina Healthcare's net debt?

Molina Healthcare (MOH) reported net debt of -$1.37B in Q1 2026.

How has Molina Healthcare's net debt changed year-over-year?

Molina Healthcare's net debt decreased by 25.4% year-over-year, from -$1.09B to -$1.37B.

What is the long-term trend for Molina Healthcare's net debt?

Over 5 years (2020 to 2025), Molina Healthcare's net debt has grown at a -34.8% compound annual growth rate (CAGR), from -$1.71B to -$202M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Molina Healthcare MOH Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

Other financials

Income statement

See full

Revenue$10.8B-3.1%

Gross profit$1.5B-8.5%

Operating income$83.0M-80.8%

Net income$14.0M-95.3%

EPS (diluted)$0.27-95.0%

Balance sheet

See full

Cash & equivalents$5.3B+9.4%

Total debt$3.9B+4.8%

Total equity$4.1B-5.3%

Total assets$16.4B0.0%

Cash flow

See full

Operating cash flow$1.1B+469%

CapEx$27.0M+22.7%

Free cash flow$1.1B+528%

Valuation

See full

Market cap$10.18B-61.5%

Enterprise value$8.81B-67.1%

P/E15.8×-7.6×

P/S0.2×-0.4×

Profitability

See full

Gross margin12.9%-2.4pp

Operating margin3%-1.2pp

Net margin2%-0.9pp

FCF margin0.6%—

Returns & leverage

See full

Return on equity19.7%-6.7pp

Debt / equity1×+0.1×

Current ratio1.6×0.0×

Where this comes from

Calculated from Molina Healthcare’s reported figures.

$3.9Btotal debt−$5.3Bcash and equivalents=-$1.37B

The official record: Molina Healthcare’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Molina Healthcare's net debt?: Molina Healthcare (MOH) reported net debt of -$1.37B in Q1 2026.
How has Molina Healthcare's net debt changed year-over-year?: Molina Healthcare's net debt decreased by 25.4% year-over-year, from -$1.09B to -$1.37B.
What is the long-term trend for Molina Healthcare's net debt?: Over 5 years (2020 to 2025), Molina Healthcare's net debt has grown at a -34.8% compound annual growth rate (CAGR), from -$1.71B to -$202M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.