Molina Healthcare (MOH) Return on Invested Capital [ROIC] (2011 - 2026)
Molina Healthcare (MOH) recorded Return on Invested Capital [ROIC] of 2.57% in Q2 2026, down 13.14 percentage points from 15.71% a year earlier and down 1.96 percentage points from the prior quarter.
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Analysis
Molina Healthcare (MOH) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Molina Healthcare reported Return on Invested Capital [ROIC] of 8.21%, down 10.13 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -12.09 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 18.34% in FY2024 (-1.99 pp), 20.32% in FY2023 (+2.75 pp), 17.58% in FY2022 (+0.56 pp) and 17.02% in FY2021 (-3.28 pp).
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q2 2018.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for seven consecutive quarters, with an average year-over-year change of -5.29 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.41 percentage points in Q3 2022, against a drop of 13.14 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.53% (Q1 2026), 7.98% (Q4 2025) and 12.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 356.05 Bn | 236.68 Bn | 35.71 Bn | 11.34% |
| 2 | Mckesson | 123.13 Bn | 104.51 Bn | 3.96 Bn | 98.69% |
| 3 | Cvs Health | 109.04 Bn | 57.80 Bn | 47.21 Bn | 9.71% |
| 4 | Elevance Health | 90.56 Bn | -52.02 Bn | 13.65 Bn | 8.29% |
| 5 | Cigna | 77.41 Bn | 46.27 Bn | 15.09 Bn | 10.38% |
| 6 | Cencora | 66.63 Bn | 55.53 Bn | 3.61 Bn | 14.39% |
| 7 | Cardinal Health | 63.51 Bn | 46.67 Bn | 2.60 Bn | 36.52% |
| 8 | Humana | 50.79 Bn | -37.07 Bn | 5.50 Bn | 6.65% |
| 9 | Centene | 33.94 Bn | -60.76 Bn | 9.52 Bn | 2.00% |
| 10 | Molina Healthcare | 10.37 Bn | -24.63 Bn | 1.36 Bn | 2.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.17% |
| Jun 30, 2026 | 2.57% |
| Mar 31, 2026 | 4.53% |
| Dec 31, 2025 | 7.98% |
| Sep 30, 2025 | 12.84% |
| Jun 30, 2025 | 15.71% |
| Mar 31, 2025 | 16.67% |
| Dec 31, 2024 | 17.44% |
| Sep 30, 2024 | 17.37% |
| Jun 30, 2024 | 16.71% |
| Mar 31, 2024 | 17.62% |
| Dec 31, 2023 | 18.83% |
| Sep 30, 2023 | 17.07% |
| Jun 30, 2023 | 17.72% |
| Mar 31, 2023 | 17.67% |
| Dec 31, 2022 | 16.88% |
| Sep 30, 2022 | 18.44% |
| Jun 30, 2022 | 17.18% |
| Mar 31, 2022 | 16.31% |
| Dec 31, 2021 | 16.26% |
API Access
Molina Healthcare Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MOH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MOH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MOH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();