Elevance Health vs Molina Healthcare
Elevance Health is the larger business, with $199.13bn of revenue in fiscal 2025 against $45.43bn for Molina Healthcare (4.4 times as much). Elevance Health grew faster (12.5% against 11.7%). Elevance Health kept more of each dollar of sales as profit: a net margin of 2.8% against 1.0%. Elevance Health carries less debt relative to equity (73.0% against 92.6%).
| Latest fiscal year | Elevance HealthELV, 2025 | Molina HealthcareMOH, 2025 |
|---|---|---|
| Revenue | $199.13bn | $45.43bn |
| Revenue growth | 12.5% | 11.7% |
| Net income | $5.66bn | $472m |
| Operating margin | 3.6% | 1.7% |
| Net margin | 2.8% | 1.0% |
| Return on equity | 13.3% | 11.0% |
| Free cash flow | $3.17bn | −$636m |
| Cash | $9.49bn | $4.25bn |
| Total debt | $32.05bn | $3.77bn |
| Debt to equity | 73.0% | 92.6% |
| Dividend per share | — | — |
| Dividend yield | 1.7% | — |
| Share buybacks | $2.60bn | $1.00bn |
| Employees | 98,200 | 19,000 |
| Market value | $89.31bn | $10.87bn |
| Price vs our value range | Within our value range | — |
| Moat score | 61 (Moderate) | 40 (Weak) |
| Insider trades, 12 months | 4 buys, 18 sales | 1 buys, 4 sales |