Does Molina Healthcare Stock Lead the Pack?

MOH: Molina Healthcare logo
MOH
Molina Healthcare

Molina Healthcare’s stock significantly underperformed most peers over the past year. A closer look reveals solid revenue growth and an attractive valuation, but profitability, especially free cash flow generation, lags behind top-performing rivals, limiting its appeal amidst potential sector consolidation.

  • MOH’s 3.0% operating margin, modest yet above peers, lags UNH’s 6.1% due to UNH’s diversified, higher-margin Optum health services.
  • MOH’s 13.7% revenue growth, outpacing UNH/CVS, reflects strong government program expansion and market share gains, though lagging CNC.
  • MOH’s stock is down 37.9% amid sector regulatory/cost pressures. Its 10.9 PE suggests undervaluation but also investor skepticism on profit.

Here’s how Molina Healthcare stacks up across size, valuation, and profitability versus key peers.

  MOH CNC UNH CVS
Market Cap ($ Bil) 9.6 21.9 309.9 102.1
Revenue ($ Bil) 44.5 185.9 435.2 394.1
PE Ratio 10.9 -4.1 17.6 217.6
LTM Revenue Growth 13.7% 14.9% 10.5% 6.8%
LTM Operating Margin 3.0% 0.6% 6.1% 2.7%
LTM FCF Margin -1.3% 1.8% 4.0% 1.6%
12M Market Return -37.9% -27.3% -31.7% 83.2%

For more details on Molina Healthcare, read Buy or Sell MOH Stock. Below we compare MOH’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2024 2023 2022
MOH 13.7% 19.3% 6.6% 15.1%
CNC 14.9% 5.9% 6.5% 14.7%
UNH 10.5% 7.7% 14.6% 12.7%
CVS 6.8% 4.2% 10.9% 10.4%

Operating Margin Comparison

  LTM 2024 2023 2022
MOH 3.0% 4.2% 4.6% 4.3%
CNC 0.6% 2.0% 2.2% 2.5%
UNH 6.1% 8.1% 8.7% 8.8%
CVS 2.7% 2.6% 4.1% 5.1%

PE Ratio Comparison

  LTM 2024 2023 2022
MOH 10.9 8.4 15.4 26.4
CNC -4.1 6.5 12.2 35.5
UNH 17.6 21.1 21.0 24.5
CVS 217.6 21.7 6.9 24.0

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