HUM vs MOH: Humana and Molina Healthcare compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Humana is the larger company, worth $52.8B, about 5.4 times Molina Healthcare.
- Humana grew revenue faster over the last year (+25.7% vs -4.8%).
- Humana keeps more of each dollar of revenue as operating profit (39.6% vs 0.5%).
- On earnings, Humana is the cheaper stock (46.9x vs 50.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HUM | MOH |
|---|---|---|
| Market cap | $52.8B | $9.9B |
| Share price | $431.87 | $196.93 |
| Revenue (last fiscal year) | $5.8B | $45.4B |
| Free cash flow (last fiscal year) | $375M | -$636M |
| Revenue growth, last year | +25.7% | -4.8% |
| Revenue growth per year, last 5 fiscal years | +17.5% | +13.1% |
| Operating margin | 39.6% | 0.46% |
| Net margin | 18.3% | -0.02% |
| Return on equity | 6.1% | -0.17% |
| P/E (trailing) | 46.9x | 50.8x |
| Price / free cash flow | 140.9x | — |
| EV / EBITDA | 20.6x | 12.5x |
| FCF growth the price implies | 31.1% | — |
| Dividend yield | 0.82% | — |
| Debt / equity | 1.97x | 2.84x |
| Fundamental grade | D | F |
| Superinvestors holding it | 9 | 7 |
| Insider purchases, last 12 months | 3 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Humana
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.1B | $920M | 103.0% |
| 2022 | $4.8B | $3.5B | 79.6% |
| 2023 | $4.0B | $3.0B | 99.5% |
| 2024 | $4.4B | $2.4B | 57.8% |
| 2025 | $5.8B | $375M | 46.4% |
Molina Healthcare
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $27.8B | $2.0B | 3.7% |
| 2022 | $32.0B | $682M | 3.7% |
| 2023 | $34.1B | $1.6B | 4.6% |
| 2024 | $40.6B | $544M | 4.2% |
| 2025 | $45.4B | -$636M | 1.7% |
Where the revenue comes from
Humana · by segments, 2025
Insurance$124.6B85%
CenterWell$22.5B15%
Molina Healthcare · by segments, 2023
Medicaid$27.7B81%
Medicare$4.2B12%
Marketplace$2.1B6%
Other$76M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HUM in InvestinglyQuestions
Which is bigger, Humana or Molina Healthcare?
Humana (HUM), at $52.8B against $9.9B.
Is HUM or MOH cheaper?
By trailing P/E, Humana (46.9x) is cheaper than Molina Healthcare (50.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, HUM or MOH?
Humana: revenue grew +25.7% over the last year, against -4.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.