MOH Molina Healthcare Inc Common Stock
About Molina Healthcare Inc Common Stock Company overview from Wikipedia
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Molina Healthcare, Inc. is an American managed care company headquartered in Long Beach, California. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.
History
Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal. Molina established his first primary care clinic with the goal of treating the lowest-income patients, regardless of their ability to pay.
Leadership
For twenty years, the company was run by Dr. Molina's son, J. Mario Molina, MD, a physician. He was the president and CEO of the company. John Molina, Mario's younger brother, was the CFO of Molina Healthcare. The two took over Molina's operations after their father died in 1996 and continued to expand the company. In May 2017 J. Mario and John were removed from their positions by the Board of Directors, who cited poor financial performance as the reason for the change in leadership. Though the board also discused their displeasure in criticising former President Donald Trump.[3][4] In October 2017 the company announced Joseph Zubretsky, the former CFO of Aetna, as Molina Healthcare's president and CEO.
Clinics
The first Molina Medical clinic was opened in Wilmington, California in 1980. The company formerly operated clinics in Washington, New Mexico, Florida and Utah. The clinics were opened to provide health care to low-income families and individuals. In August 2017 Molina Healthcare announced it would close several clinics in Michigan, Florida, New Mexico, Wisconsin, and Utah.
Becoming HMO
Molina Healthcare has focused on government-paid healthcare programs such as SCHIP and Medicaid since it became a health maintenance organization in 1985. From 1985 to 1997, the company was based solely in California.
Expansion of health plans
1997: Molina Healthcare acquires Health Reach Family Health Care and enters the states of Utah and Michigan.
2000: Molina Healthcare enters the state of Washington.
2004: Molina Healthcare enters the state of New Mexico.
2005: Molina Healthcare becomes a health plan in Ohio.
2006: Molina Healthcare enters the state of Texas.
2007: Molina Healthcare enters Missouri.
2008: Molina Healthcare enters Florida.
2010: Molina Healthcare enters Wisconsin.
2012: Molina Healthcare enters Illinois.
2013: Molina Healthcare enters South Carolina by acquiring assets from Community Health Solutions.
2013: Molina Healthcare acquires New Mexico Lovelace Medicaid contract.
2014: Molina Healthcare acquires Florida Medicaid assets from First Coast Advantage.
2015: Molina Healthcare enters Chicago market, acquiring MyCare Chicago's Medicaid assets.
2015: Molina Healthcare enters Puerto Rico.
2015: Molina Healthcare of Washington is the first health care company in the state to cover "Virtual Urgent Care" services.
2015: Molina Healthcare acquires Medicaid assets of Integral Health Plan, Inc. in Florida.
2015: Molina Healthcare acquires Providence Human Services and Community Services from Providence Service Corporation and renames them Pathways.
2015: Molina Healthcare adds online access to behavioral health.
2015: Molina Healthcare acquires HealthPlus MIChild and Medicaid programs of Michigan.
2015: Molina Healthcare acquires assets of Loyola Physician Partners' Medicaid Program of Illinois.
2017: Molina Healthcare exits the individual Marketplace in Utah and Wisconsin.
2018: Molina Healthcare loses Medicaid contract with the state of New Mexico.
2018: Molina Healthcare sells Pathways to Altar Capital
2019: Molina Healthcare loses Medicaid contract with the state of Texas.
2020: Molina Healthcare acquires Passport Health Plan in Kentucky.
2021: Molina Healthcare acquires Magellan Complete Care line of business from Magellan Health, Inc. With this acquisition, Molina enters Arizona, Massachusetts, and Virginia.
2021: Molina Healthcare acquires Affinity Health Plan in New York.
2021: Molina Healthcare acquires Cigna's Medicaid contracts in Texas.
2023: Molina Healthcare enters Iowa.
2024: Molina Healthcare loses Medicaid contract with the state of Virginia.
Going public
Molina Healthcare filed with the Securities and Exchange Commission for an initial stock offering in December 2002 and went public in July 2003 with a stock offering of $102 million. The shares were priced at $17.50, and Molina raised approximately $124 million in the initial public offering. In its stock market debut, Molina sold 6.6 million shares at $20.30, making the company the third-best first day gainer of 2003. Molina Healthcare was the first company from Inc. Magazine's "Inner City 100" list to go public.
Entering the Medicare market
Molina Healthcare entered the Medicare market in 2006. The company currently offers Medicare health plan options in: Arizona, California, Florida, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Nevada, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Virginia, Washington and Wisconsin.
Entering MMIS market
Molina Healthcare acquired Unisys' health information management business in December 2010 to create Molina Medicaid Solutions (MMS). MMS has Medicaid Management Information Systems (MMIS) contracts with Idaho, Louisiana, Maine, New Jersey, West Virginia and the U.S. Virgin Islands. In Autumn 2018, Molina Healthcare, Inc. sold its Medicaid management information systems business, Molina Medicaid Solutions (MMS), to DXC Technology. MMS was a wholly owned subsidiary of Molina Healthcare at the time of sale.
Entering health insurance marketplace
In 2014, Molina Healthcare began offering Marketplace plans in nine states where it offered Medicaid health plans through State Facilitated Marketplaces and Federally Facilitated Marketplace. On November 16, 2016 the Seattle Times reported that about 11 million people currently get their coverage through the exchange. In August 2017 Molina announced it would stop offering plans on the health insurance marketplaces in Utah, Wisconsin, and Maine in 2018.
Dual eligible demonstration projects
Molina was selected to participate in dual eligible demonstration projects in California, Ohio, Illinois, Michigan, South Carolina and Texas to serve patients who are eligible for both Medicare and Medicaid.
Criticism and controversies
A 2023 report investigating "High Rates of Prior
Authorization Denials" reported that Molina Healthcare's Medicaid plans for financially vulnerable people had some of the highest denial percentages in the country. It was reported, that Molina Healthcare operated plans that denied medical care under requests for prior authorization of services in more than 25% of cases in 2019. About 2.7 million people were enrolled in these plans at the time, while another 8.4 million people were enrolled in plans with denial rates higher than average at 15-25%. Some plans had even higher denial rates, as their Illinois plan 41% of requests.
Philanthropy
In May 2022, MolinaCares presented a $100,000 grant to support Compass Health's Broadway Campus Redevelopment Project. The grant will aid funding of construction of a 72,000 square-foot, state-of-the-art facility that will expand community-based behavioural health care services and its workforce in northwest Washington.
Awards and recognition
Molina Healthcare was awarded the 2011 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility. The award ranked Molina Healthcare in the top 20 percent of employers nationally in terms of its programs, policies and culture for creating an effective and flexible workplace. In 2006, Molina Healthcare was named among the 100 best corporate citizens by Business Ethics magazine. In 2005, Time magazine recognized Dr. J. Mario Molina, then CEO of Molina Healthcare, as one of the 25 most influential Hispanics in America.
The company ranked 155th on the 2021 Fortune 500 list of the largest United States corporations by revenue. The company ranked 126th on the 2023 Fortune 500 list of the largest United States corporations by revenue.
Other awards and recognition
2014: Milwaukee Journal Sentinel Recognizes Molina Healthcare of Wisconsin with a Top Workplace Award 2014
2014: Molina Healthcare of New Mexico voted Best Places to Work by Albuquerque Business First
2014: Molina Healthcare was one of 26 companies to participate in President Obama's SupplierPay 2014
2015: Molina Healthcare voted Top Ten Least Stressful Companies to Work for In America 2015
2015: Molina Healthcare ranked 301 in top Fortune 500 2015
2016: Molina Healthcare ranked 201 in top Fortune 500 2016
2017: Molina Healthcare ranked 156 in Fortune 500 2017
2023: Molina Healthcare of Kentucky awarded One of Kentucky's Best Places to Work
2023: Molina Healthcare recognized as one of America's Best-in-State Employers by Forbes
2023: Molina Healthcare recognized as one of Time's World's Best Companies of 2023
2023: Molina Healthcare recognized as one of Newsweek's Greatest Workplaces for Parents and Families 2023
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MOH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
MOH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
MOH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 12.0%
- Buy 4 16.0%
- Hold 17 68.0%
- Sell 1 4.0%
- Strong Sell 0 0.0%
12-Month Price Target
17 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.51 | $1.40 | 0.11% |
| March 31, 2026 | $2.35 | $1.94 | 0.41% |
| Dec. 31, 2025 | $-2.75 | $0.34 | -3.1% |
| Sept. 30, 2025 | $1.84 | $3.94 | -2.1% |
| June 30, 2025 | $5.48 | $5.85 | -0.37% |
| March 31, 2025 | $6.08 | $6.02 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MOH | $8.85B | 19.5 | 11.8% | 1.0% | 10.9% | — |
| UNH | $299.08B | 25.0 | 11.8% | 2.7% | 12.0% | — |
| ELV | $77.37B | 13.9 | 12.5% | 2.8% | 13.3% | — |
| HUM | $50.90B | 26.0 | 10.1% | 0.92% | 7.0% | — |
| CNC | $20.24B | -3.0 | 19.4% | -3.4% | -28.8% | 7.3% |
| HQY | $7.12B | 34.0 | 9.5% | 16.4% | 10.1% | 69.5% |
| ALHC | $4.03B | — | 46.1% | -0.02% | -0.52% | — |
| CLOV | — | -5.1 | 40.3% | -4.5% | -26.2% | — |
| PGNY | $2.14B | 39.5 | 10.4% | 4.5% | 11.3% | 23.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.43B | $40.65B | $34.07B | $31.97B | $27.77B | $19.42B | $16.83B | $18.89B | $19.88B | $17.78B | $14.18B | $9.67B | |
| Cost of Revenue | $39.49B | $34.43B | $28.67B | $27.18B | $23.70B | $15.82B | $13.90B | · | · | · | · | · | |
| Gross Profit | · | · | · | · | · | $2.48B | $2.30B | $2.52B | $1.81B | $1.73B | $1.53B | $1.00B | |
| SG&A Expense | $3.01B | $2.74B | $2.46B | $2.31B | $2.07B | $1.48B | $1.30B | $1.33B | $1.59B | $1.39B | $1.15B | $765M | |
| Operating Expenses | $44.65B | $38.94B | $32.50B | $30.80B | $26.75B | $18.34B | $15.79B | $17.76B | $20.44B | $17.48B | $13.79B | $9.47B | |
| Operating Income | $781M | $1.71B | $1.57B | $1.17B | $1.02B | $1.08B | $1.04B | $1.13B | $-555M | $306M | $387M | $193M | |
| Interest Expense | · | · | $109M | $110M | $120M | $102M | $87M | $115M | $118M | $101M | $66M | $57M | |
| Interest Income | · | · | · | $75M | $77M | $17M | $17M | $125M | $70M | $38M | $23M | $20M | |
| Other Non-op | · | · | $0 | $0 | $-25M | $-15M | $15M | $-17M | $61M | $0 | $1M | $-1M | |
| Pretax Income | $589M | $1.59B | $1.46B | $1.06B | $875M | $961M | $972M | $999M | $-612M | $205M | $322M | $135M | |
| Income Tax | $117M | $410M | $373M | $271M | $216M | $288M | $235M | $292M | $-100M | $153M | $179M | $73M | |
| Net Income | $472M | $1.18B | $1.09B | $792M | $659M | $673M | $737M | $707M | $-512M | $52M | $143M | $62M | |
| EPS (Basic) | $8.93 | $20.52 | $18.91 | $13.72 | $11.40 | $11.40 | $11.85 | $11.57 | $-9.07 | $0.93 | $2.75 | $1.33 | |
| EPS (Diluted) | $8.92 | $20.42 | $18.77 | $13.55 | $11.25 | $11.23 | $11.47 | $10.61 | $-9.07 | $0.92 | $2.58 | $1.29 | |
| Shares (Basic) | 52,800,000 | 57,400,000 | 57,700,000 | 57,800,000 | 57,800,000 | 59,000,000 | 62,200,000 | 61,000,000 | 56,000,000 | 55,400,000 | 52,000,000 | 47,000,000 | |
| Shares (Diluted) | 52,900,000 | 57,700,000 | 58,100,000 | 58,500,000 | 58,600,000 | 59,900,000 | 64,200,000 | 67,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 48,000,000 | |
| EBITDA | $976M | $1.89B | $1.74B | $1.35B | $1.15B | $1.17B | $1.13B | $1.26B | $-377M | $488M | $513M | $327M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.25B | $4.66B | $4.85B | $4.01B | $4.44B | $4.15B | $2.45B | $2.83B | $3.19B | $2.82B | $2.33B | $1.54B | |
| Short-term Investments | $4.01B | $4.33B | $4.26B | $3.50B | $3.20B | $1.88B | $1.95B | $1.68B | $2.52B | $1.76B | $1.80B | $1.02B | |
| Receivables | $3.53B | $3.30B | $3.10B | $2.30B | $2.18B | $1.67B | $1.41B | $1.33B | $871M | $974M | $597M | $596M | |
| Prepaid Expense | $655M | $487M | $331M | $277M | $247M | $175M | $163M | $149M | $239M | $131M | $192M | $49M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $51M | |
| Current Assets | $12.44B | $12.77B | $12.54B | $10.08B | $10.06B | $7.88B | $5.97B | $6.46B | $7.51B | $5.99B | $5.31B | $3.20B | |
| PP&E (Net) | · | · | · | · | · | · | · | $241M | $342M | $454M | $393M | $341M | |
| PP&E (Gross) | $1.11B | $1.03B | $932M | $882M | $822M | $752M | $687M | $774M | $883M | $919M | $755M | $618M | |
| Accum. Depreciation | $875M | $806M | $729M | $695M | $632M | $577M | $530M | $533M | $541M | $465M | $362M | $277M | |
| Goodwill | $1.96B | $1.67B | $1.24B | $1.11B | $982M | $692M | $143M | $143M | $186M | $620M | $519M | $272M | |
| Intangibles | $237M | $267M | $208M | $275M | $270M | $249M | $29M | $47M | $69M | $140M | $122M | $89M | |
| Other Non-current Assets | $147M | $138M | $143M | $123M | $179M | $119M | $105M | $24M | $141M | $41M | $28M | $30M | |
| Total Assets | $15.56B | $15.63B | $14.89B | $12.31B | $12.21B | $9.53B | $6.79B | $7.15B | $8.47B | $7.45B | $6.58B | $4.43B | |
| Accounts Payable | $1.09B | $1.33B | $1.25B | $889M | $842M | $641M | $502M | $390M | $366M | $385M | $362M | $242M | |
| Current Liabilities | $7.37B | $7.90B | $8.17B | $6.86B | $7.05B | $4.96B | $3.27B | $4.25B | $5.56B | $4.57B | $3.82B | $2.17B | |
| Capital Leases | $56M | $68M | $85M | $77M | $99M | $42M | $48M | $197M | $198M | $198M | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | · | $0 | $15M | $0 | $24M | |
| Other Non-current Liabilities | $173M | $120M | $124M | $104M | $140M | $119M | $90M | $44M | $61M | $42M | $37M | $34M | |
| Total Liabilities | $11.49B | $11.13B | $10.68B | $9.35B | $9.58B | $7.44B | $4.83B | $5.51B | $7.13B | $5.80B | $5.02B | $3.42B | |
| Long-term Debt | · | · | · | · | · | $2.13B | $1.25B | · | · | $1.65B | $1.41B | $690M | |
| Total Debt | $3.77B | $2.92B | $2.18B | $2.18B | $2.17B | $2.13B | $1.24B | $1.02B | $1.32B | $1.65B | $449M | $341.0K | |
| Retained Earnings | $3.60B | $4.09B | $3.89B | $2.80B | $2.40B | $1.86B | $1.78B | $1.01B | $298M | $810M | $758M | $615M | |
| AOCI | $15M | $-57M | $-82M | $-160M | $-5M | $37M | $4M | $-8M | $-5M | $-2M | $-4M | $-1M | |
| Stockholders' Equity | $4.07B | $4.50B | $4.21B | $2.96B | $2.63B | $2.10B | $1.96B | $1.65B | $1.34B | $1.65B | $1.56B | $1.01B | |
| Liabilities + Equity | $15.56B | $15.63B | $14.89B | $12.31B | $12.21B | $9.53B | $6.79B | $7.15B | $8.47B | $7.45B | $6.58B | $4.43B | |
| Shares Outstanding | 51,000,000 | 56,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 59,000,000 | 62,000,000 | 62,000,000 | 60,000,000 | 57,000,000 | 56,000,000 | 50,000,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $195M | $186M | $171M | $176M | $131M | $88M | $89M | $127M | $178M | $182M | $126M | $134M | |
| Stock-based Comp | $47M | $116M | $115M | $103M | $72M | $57M | $39M | $27M | $46M | $26M | $23M | $22M | |
| Deferred Tax | $43M | $53M | $-31M | $-66M | $-24M | $-19M | $10M | $-6M | $-94M | $22M | $-7M | $-2M | |
| Amort. of Intangibles | $91M | $82M | $85M | $77M | $49M | $15M | $18M | $21M | $31M | $32M | $17M | $18M | |
| Restructuring | · | · | · | · | · | · | · | $8M | $150M | · | · | · | |
| Other Non-cash | $-1.29B | $-890M | $316M | $-232M | $1.28B | $1.09B | $-448M | $-1.17B | $1.19B | $391M | $840M | $844M | |
| Operating Cash Flow | $-535M | $644M | $1.66B | $773M | $2.12B | $1.90B | $434M | $-314M | $804M | $673M | $1.12B | $1.06B | |
| CapEx | $101M | $100M | $84M | $91M | $77M | $74M | $57M | $30M | $86M | $176M | $132M | $115M | |
| Investing Cash Flow | $312M | $-464M | $-744M | $-790M | $-1.65B | $-400M | $-293M | $1.14B | $-1.06B | $-206M | $-1.42B | $-536M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $0 | $689M | $123M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $0 | $689M | $123M | |
| Stock Issued | · | · | · | · | · | · | · | · | $0 | $0 | $373M | $0 | |
| Stock Repurchased | $1.00B | $1.00B | $0 | $400M | $128M | $606M | $47M | $0 | $0 | · | $0 | $0 | |
| Net Stock Activity | $-1.00B | $-1.00B | $0 | $-400M | $-128M | $-606M | $-47M | · | $0 | $0 | $373M | $0 | |
| Financing Cash Flow | $-170M | $-347M | $-58M | $-441M | $-183M | $217M | $-559M | $-1.19B | $636M | $19M | $1.08B | $79M | |
| Net Change in Cash | $-393M | $-167M | $860M | $-458M | $283M | $1.72B | $-418M | $-364M | $378M | $486M | $790M | $603M | |
| Taxes Paid | $275M | $379M | $405M | $340M | $235M | $321M | $239M | $240M | $7M | $153M | $197M | $30M | |
| Free Cash Flow | $-636M | $544M | $1.58B | $682M | $2.04B | $1.82B | $370M | $-344M | $718M | $497M | · | · | |
| Levered FCF | · | · | $1.50B | $600M | $1.95B | $1.74B | $304M | $-425M | $619M | $471M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | 12.8% | 13.7% | 13.3% | 9.1% | 9.4% | 10.6% | · | |
| Operating Margin | 1.7% | 4.2% | 4.6% | 3.7% | 3.7% | 5.5% | 6.2% | 6.0% | -2.8% | 1.7% | 2.7% | 2.0% | |
| Net Margin | 1.0% | 2.9% | 3.2% | 2.5% | 2.4% | 3.5% | 4.4% | 3.7% | -2.6% | 0.29% | 1.0% | 0.64% | |
| Pretax Margin | 1.3% | 3.9% | 4.3% | 3.3% | 3.1% | 5.0% | 5.8% | 5.3% | -3.1% | 1.1% | 2.3% | 1.4% | |
| EBITDA Margin | 2.1% | 4.7% | 5.1% | 4.2% | 4.1% | 6.0% | 6.7% | 6.7% | -1.9% | 2.7% | 3.6% | 3.4% | |
| ROA | 3.0% | 7.7% | 8.0% | 6.5% | 6.1% | 8.2% | 10.6% | 9.0% | -6.4% | 0.74% | 2.6% | 1.7% | |
| ROE | 10.9% | 25.4% | 27.0% | 26.4% | 25.6% | 33.2% | 40.9% | 47.4% | -34.3% | 3.2% | 11.1% | 6.5% | |
| ROIC | 8.0% | 17.1% | 18.3% | 17.0% | 16.0% | 17.9% | 24.8% | 30.0% | -17.5% | 2.4% | 8.6% | 8.8% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.6 | 1.5 | 1.5 | 1.4 | 1.6 | 1.8 | 1.5 | 1.4 | 1.3 | 1.4 | 1.5 | |
| Quick Ratio | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 | 1.6 | 1.8 | 1.4 | 1.2 | 1.2 | 1.2 | 1.5 | |
| Debt / Equity | 0.9 | 0.7 | 0.5 | 0.7 | 0.8 | 1.0 | 0.6 | 0.6 | 1.0 | 1.0 | 0.3 | 0.0 | |
| LT Debt / Equity | 0.9 | 0.7 | 0.5 | 0.7 | 0.8 | 1.0 | 0.6 | 0.6 | 1.0 | 0.7 | · | · | |
| Interest Coverage | · | · | 14.4 | 10.7 | 8.5 | 10.6 | 12.0 | 9.8 | -4.7 | 3.0 | 5.9 | 3.4 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.9 | 2.7 | 2.5 | 2.6 | 2.6 | 2.4 | 2.4 | 2.4 | 2.5 | 2.5 | 2.6 | 2.6 | |
| Receivables Turnover | 13.3 | 12.7 | 12.6 | 14.3 | 14.4 | 12.6 | 12.3 | 17.2 | 21.6 | 22.6 | 23.8 | 21.6 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 11.8% | 19.3% | 6.6% | 15.1% | 43.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 12.4% | 13.5% | 20.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -56.3% | 8.8% | 38.5% | 20.4% | 0.18% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -13.0% | 22.0% | 18.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -4.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -60.0% | 8.1% | 37.8% | 20.2% | -2.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -15.8% | 21.4% | 17.5% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -6.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $45.43B | $40.65B | $34.07B | $31.97B | $27.77B | $19.42B | $16.83B | $18.89B | $19.88B | $17.78B | $14.18B | $9.67B | |
| Net Income TTM | $472M | $1.18B | $1.09B | $792M | $659M | $673M | $737M | $707M | $-512M | $52M | $143M | $62M | |
| Market Cap | $8.85B | $16.30B | $20.96B | $19.15B | · | $12.55B | $8.41B | $7.21B | $4.60B | $3.09B | $3.37B | $2.66B | |
| Enterprise Value | $4.36B | $10.23B | $14.03B | $13.82B | · | $8.65B | $5.25B | $3.72B | $209M | $161M | $-314M | $104M | |
| P/E | 19.5 | 14.3 | 19.2 | 24.4 | 28.3 | 18.9 | 11.8 | 11.0 | -8.5 | 59.0 | 23.3 | 41.5 | |
| P/S | 0.2 | 0.4 | 0.6 | 0.6 | · | 0.6 | 0.5 | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 | |
| P/B | 2.2 | 3.6 | 5.0 | 6.5 | · | 6.0 | 4.3 | 4.4 | 3.4 | 1.9 | 2.2 | 2.6 | |
| P / Tangible Book | 4.7 | 6.4 | 7.6 | 12.2 | · | 10.9 | · | · | · | · | · | · | |
| P / Cash Flow | -16.5 | 25.3 | 12.6 | 24.8 | · | 6.6 | 19.7 | -22.9 | 5.7 | 4.6 | 3.0 | 2.5 | |
| P / FCF | -13.9 | 30.0 | 13.3 | 28.1 | · | 6.9 | 22.7 | -20.9 | 6.4 | 6.2 | · | · | |
| EV / EBITDA | 4.5 | 5.4 | 8.0 | 10.2 | · | 7.4 | 4.6 | 3.0 | -0.6 | 0.3 | -0.6 | 0.3 | |
| EV / FCF | -6.9 | 18.8 | 8.9 | 20.3 | · | 4.8 | 14.2 | -10.8 | 0.3 | 0.3 | · | · | |
| EV / Revenue | 0.1 | 0.3 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.2 | 0.0 | 0.0 | -0.0 | 0.0 | |
| Earnings Yield | 5.1% | 7.0% | 5.2% | 4.1% | 3.5% | 5.3% | 8.5% | 9.1% | -11.8% | 1.7% | 4.3% | 2.4% |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.87B | $10.80B | $11.38B | $11.48B | $11.43B | $11.15B | $10.50B | $10.34B | $9.88B | $9.93B | $9.05B | $8.55B | $8.33B | $8.15B | $8.22B | $7.93B | |
| Cost of Revenue | $9.44B | $9.27B | $10.14B | $10.04B | $9.83B | $9.48B | $9.00B | $8.64B | $8.37B | $8.41B | $7.45B | $7.31B | $7.04B | $6.87B | $6.99B | $6.75B | |
| SG&A Expense | $724M | $779M | $795M | $729M | $711M | $774M | $665M | $676M | $691M | $711M | $645M | $608M | $618M | $591M | $629M | $560M | |
| Operating Expenses | $10.73B | $10.71B | $11.54B | $11.34B | $11.05B | $10.71B | $10.12B | $9.87B | $9.45B | $9.51B | $8.73B | $8.19B | $7.88B | $7.69B | $8.12B | $7.59B | |
| Operating Income | $145M | $83M | $-162M | $137M | $373M | $433M | $380M | $467M | $434M | $426M | $316M | $359M | $443M | $455M | $105M | $335M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $27M | · | $27M | $27M | $28M | · | $28M | |
| Interest Income | · | · | · | · | · | · | · | $20M | $21M | $22M | · | $20M | $19M | $21M | · | $19M | |
| Other Non-op | · | · | · | · | · | · | · | · | $-28M | $-27M | · | $-27M | $-27M | $-28M | · | $-28M | |
| Pretax Income | $91M | $29M | $-214M | $88M | $325M | $390M | $346M | $438M | $406M | $399M | $289M | $332M | $416M | $427M | $78M | $307M | |
| Income Tax | $31M | $15M | $-54M | $9M | $70M | $92M | $95M | $112M | $105M | $98M | $73M | $87M | $107M | $106M | $22M | $77M | |
| Net Income | $60M | $14M | $-160M | $79M | $255M | $298M | $251M | $326M | $301M | $301M | $216M | $245M | $309M | $321M | $56M | $230M | |
| EPS (Basic) | $1.19 | $0.27 | $-2.80 | $1.51 | $4.75 | $5.47 | $4.46 | $5.67 | $5.18 | $5.21 | $3.72 | $4.24 | $5.37 | $5.58 | $0.98 | $4.00 | |
| EPS (Diluted) | $1.19 | $0.27 | $-2.79 | $1.51 | $4.75 | $5.45 | $4.43 | $5.65 | $5.17 | $5.17 | $3.69 | $4.21 | $5.35 | $5.52 | $0.96 | $3.95 | |
| Shares (Basic) | 51,100,000 | 50,900,000 | -107,900,000 | 52,500,000 | 53,600,000 | 54,600,000 | -116,200,000 | 57,600,000 | 58,100,000 | 57,900,000 | -115,300,000 | 57,800,000 | 57,700,000 | 57,500,000 | -115,600,000 | 57,600,000 | |
| Shares (Diluted) | 51,300,000 | 51,000,000 | -108,100,000 | 52,500,000 | 53,700,000 | 54,800,000 | -116,500,000 | 57,700,000 | 58,200,000 | 58,300,000 | -115,900,000 | 58,100,000 | 57,900,000 | 58,000,000 | -116,900,000 | 58,300,000 | |
| EBITDA | $145M | $122M | · | $137M | $373M | $481M | · | $467M | $434M | $471M | · | $359M | $443M | $499M | · | $335M |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.99B | $5.31B | $4.25B | $4.22B | $4.50B | $4.86B | $4.66B | $4.73B | $4.35B | $4.51B | $4.85B | $5.57B | $4.91B | $4.55B | $4.01B | $4.24B | |
| Short-term Investments | $3.93B | $3.94B | $4.01B | $4.23B | $4.31B | $4.44B | $4.33B | $4.48B | $4.35B | $4.42B | · | $4.11B | $3.89B | $3.81B | · | $3.64B | |
| Receivables | $3.48B | $3.42B | $3.53B | $3.52B | $3.87B | $3.49B | $3.30B | $3.26B | $3.23B | $3.35B | · | $2.46B | $2.38B | $2.54B | · | $2.22B | |
| Prepaid Expense | $528M | $655M | $655M | $590M | $438M | $472M | $487M | $408M | $399M | $381M | · | $332M | $260M | $259M | · | $391M | |
| Current Assets | $12.93B | $13.33B | $12.44B | $12.55B | $13.11B | $13.26B | $12.77B | $12.88B | $12.33B | $12.67B | · | $12.47B | $11.44B | $11.16B | · | $10.49B | |
| PP&E (Gross) | · | · | $1.11B | · | · | · | $1.03B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $875M | · | · | · | $806M | · | · | · | · | · | · | · | · | · | |
| Goodwill | · | · | $1.96B | · | · | · | $1.67B | · | · | · | $1.24B | · | · | · | $1.11B | · | |
| Intangibles | · | · | $237M | · | · | · | $267M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $140M | $146M | $147M | $142M | $148M | $163M | $138M | $132M | $136M | $134M | · | $125M | $118M | $119M | · | $186M | |
| Total Assets | $16.00B | $16.39B | $15.56B | $15.70B | $16.21B | $16.39B | $15.63B | $15.76B | $15.19B | $15.51B | · | $14.87B | $13.66B | $13.37B | · | $12.79B | |
| Accounts Payable | $1.14B | $1.16B | $1.09B | $1.12B | $1.11B | $1.12B | $1.33B | $1.22B | $973M | $1.11B | · | $1.09B | $857M | $787M | · | $818M | |
| Current Liabilities | $7.70B | $8.19B | $7.37B | $7.48B | $7.88B | $8.15B | $7.90B | $8.34B | $7.84B | $8.51B | · | $8.49B | $7.54B | $7.61B | · | $7.24B | |
| Capital Leases | · | · | $56M | · | · | · | $68M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $179M | $176M | $173M | $174M | $167M | $155M | $120M | $122M | $122M | $124M | · | $121M | $122M | $88M | · | $118M | |
| Total Liabilities | $11.83B | $12.31B | $11.49B | $11.51B | $11.61B | $12.08B | $11.13B | $10.99B | $10.34B | $11.02B | · | $10.99B | $10.04B | $10.08B | · | $9.75B | |
| Total Debt | $3.77B | $3.77B | · | $3.66B | $3.38B | $3.57B | · | $2.33B | $2.18B | $2.18B | · | $2.18B | $2.18B | $2.18B | · | $2.17B | |
| Retained Earnings | $3.68B | $3.62B | $3.60B | $3.76B | $4.16B | $3.90B | $4.09B | $4.33B | $4.49B | $4.19B | · | $3.67B | $3.43B | $3.12B | · | $2.94B | |
| AOCI | $-16M | $-7M | $15M | $9M | $-10M | $-28M | $-57M | $-9M | $-85M | $-85M | · | $-165M | $-146M | $-125M | · | $-185M | |
| Stockholders' Equity | $4.17B | $4.08B | $4.07B | $4.19B | $4.60B | $4.31B | $4.50B | $4.77B | $4.84B | $4.49B | $4.21B | $3.88B | $3.62B | $3.29B | $2.96B | $3.04B | |
| Liabilities + Equity | $16.00B | $16.39B | $15.56B | $15.70B | $16.21B | $16.39B | $15.63B | $15.76B | $15.19B | $15.51B | · | $14.87B | $13.66B | $13.37B | · | $12.79B | |
| Shares Outstanding | 52,000,000 | 52,000,000 | 51,000,000 | 51,000,000 | 54,000,000 | 54,000,000 | 56,000,000 | 57,000,000 | 59,000,000 | 59,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $40M | $39M | $44M | $45M | $58M | $48M | $48M | $47M | $46M | $45M | $43M | $42M | $42M | $44M | $47M | $45M | |
| Stock-based Comp | $26M | $33M | $20M | $-3M | $3M | $27M | $18M | $30M | $32M | $36M | $27M | $33M | $30M | $25M | $23M | $23M | |
| Other Non-cash | · | $996M | · | · | · | $-183M | · | · | · | $-168M | · | · | · | $526M | · | · | |
| Operating Cash Flow | $-294M | $1.08B | $-298M | $-125M | $-302M | $190M | $-224M | $873M | $-219M | $214M | $-690M | $949M | $487M | $916M | $-212M | $254M | |
| CapEx | $30M | $27M | $-1M | $38M | $42M | $22M | $11M | $35M | $27M | $27M | $-5M | $26M | $31M | $32M | $10M | $31M | |
| Investing Cash Flow | $-30M | $11M | $230M | $77M | $128M | $-123M | $19M | $-48M | $53M | $-488M | $-25M | $-280M | $-137M | $-302M | $148M | $-347M | |
| Stock Repurchased | $0 | $0 | $0 | $500M | $0 | $500M | $500M | $500M | $0 | $0 | $0 | $0 | · | · | $200M | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-500M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-4M | $-20M | $92M | $-220M | $-189M | $147M | $67M | $-364M | $12M | $-62M | $3M | $-6M | $10M | $-65M | $-183M | $10M | |
| Net Change in Cash | $-328M | $1.07B | $24M | $-268M | $-363M | $214M | $-138M | $461M | $-154M | $-336M | $-712M | $663M | $360M | $549M | $-247M | $-83M | |
| Free Cash Flow | · | $1.05B | · | · | · | $168M | · | · | · | $187M | · | · | · | $884M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $167M | · | · | · | $863M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 1.3% | 0.77% | · | 1.2% | 3.3% | 3.9% | · | 4.5% | 4.4% | 4.3% | · | 4.2% | 5.3% | 5.6% | · | 4.2% | |
| Net Margin | 0.55% | 0.13% | · | 0.69% | 2.2% | 2.7% | · | 3.1% | 3.0% | 3.0% | · | 2.9% | 3.7% | 3.9% | · | 2.9% | |
| Pretax Margin | 0.84% | 0.27% | · | 0.77% | 2.8% | 3.5% | · | 4.2% | 4.1% | 4.0% | · | 3.9% | 5.0% | 5.2% | · | 3.9% | |
| EBITDA Margin | 1.3% | 1.1% | · | 1.2% | 3.3% | 4.3% | · | 4.5% | 4.4% | 4.7% | · | 4.2% | 5.3% | 6.1% | · | 4.2% | |
| ROA | 0.37% | 0.09% | · | 0.50% | 1.6% | 1.9% | · | 2.1% | 2.1% | 2.1% | · | 1.8% | 2.4% | 2.5% | · | 1.9% | |
| ROE | 1.4% | 0.33% | · | 1.8% | 5.4% | 6.8% | · | 7.5% | 7.1% | 7.7% | · | 7.1% | 9.6% | 10.6% | · | 8.3% | |
| ROIC | 1.2% | 0.51% | · | 1.6% | 3.7% | 4.2% | · | 4.9% | 4.6% | 4.8% | · | 4.4% | 5.7% | 6.3% | · | 4.8% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.6 | · | 1.7 | 1.7 | 1.6 | · | 1.5 | 1.6 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.4 | |
| Quick Ratio | 1.6 | 1.5 | · | 1.6 | 1.6 | 1.6 | · | 1.5 | 1.5 | 1.4 | · | 1.4 | 1.5 | 1.4 | · | 1.4 | |
| Debt / Equity | 0.9 | 0.9 | · | 0.9 | 0.7 | 0.8 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | |
| LT Debt / Equity | 0.9 | 0.9 | · | 0.9 | 0.7 | 0.8 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 15.8 | · | 13.3 | 16.4 | 16.2 | · | 12.0 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | |
| Receivables Turnover | 3.0 | 3.1 | · | 3.4 | 3.2 | 3.3 | · | 3.6 | 3.5 | 3.4 | · | 3.7 | 3.6 | 3.5 | · | 3.8 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $44.57B | $44.85B | · | $44.39B | $42.79B | $41.30B | · | $38.70B | $36.69B | $34.95B | · | $32.95B | $32.46B | $31.90B | · | $30.79B | |
| Net Income TTM | $408M | $646M | · | $958M | $1.18B | $1.23B | · | $1.17B | $1.16B | $1.18B | · | $1.10B | $1.11B | $1.06B | · | $879M | |
| Market Cap | $11.89B | $6.93B | · | $9.76B | $16.09B | $17.79B | · | $19.64B | $17.54B | $24.24B | · | $19.02B | $17.47B | $15.51B | · | $19.13B | |
| Enterprise Value | $6.75B | $1.45B | · | $4.98B | $10.65B | $12.07B | · | $12.76B | $11.02B | $17.48B | · | $11.52B | $10.85B | $9.33B | · | $13.42B | |
| P/E | 29.6 | 11.1 | · | 11.0 | 14.2 | 15.4 | · | 17.1 | 14.9 | 20.3 | · | 17.2 | 15.8 | 14.8 | · | 21.9 | |
| P/S | 0.3 | 0.2 | · | 0.2 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.7 | · | 0.6 | 0.5 | 0.5 | · | 0.6 | |
| P/B | 2.9 | 1.7 | · | 2.3 | 3.5 | 4.1 | · | 4.1 | 3.6 | 5.4 | · | 4.9 | 4.8 | 4.7 | · | 6.3 | |
| P / Tangible Book | 2.9 | 1.7 | · | 2.3 | 3.5 | 4.1 | · | 4.1 | 3.6 | 5.4 | · | 4.9 | 4.8 | 4.7 | · | 6.3 | |
| P / Cash Flow | · | 6.4 | · | · | · | 93.6 | · | · | · | 113.3 | · | · | · | 16.9 | · | · | |
| P / FCF | · | 6.6 | · | · | · | 105.9 | · | · | · | 129.6 | · | · | · | 17.6 | · | · | |
| EV / EBITDA | 46.5 | 11.9 | · | 36.3 | 28.6 | 25.1 | · | 27.3 | 25.4 | 37.1 | · | 32.1 | 24.5 | 18.7 | · | 40.1 | |
| EV / FCF | · | 1.4 | · | · | · | 71.8 | · | · | · | 93.5 | · | · | · | 10.6 | · | · | |
| EV / Revenue | 0.2 | 0.0 | · | 0.1 | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.5 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | |
| Earnings Yield | 3.4% | 9.0% | · | 9.1% | 7.1% | 6.5% | · | 5.9% | 6.7% | 4.9% | · | 5.8% | 6.3% | 6.8% | · | 4.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $45.43B | $40.65B | $34.07B | $31.97B | $27.77B |
| Operating Margin % | 1.7% | 4.2% | 4.6% | 3.7% | 3.7% |
| Net Income | $472M | $1.18B | $1.09B | $792M | $659M |
| Diluted EPS | $8.92 | $20.42 | $18.77 | $13.55 | $11.25 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 0.7 | 0.5 | 0.7 | 0.8 |
| Current Ratio | 1.7 | 1.6 | 1.5 | 1.5 | 1.4 |
| Quick Ratio | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-636M | $544M | $1.58B | $682M | $2.04B |
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Institutional owners (13F) 680 filers · $9.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 162 (+29 vs prior Q) | 68 (-73 vs prior Q) | 209 (+16 vs prior Q) | 176 (+5 vs prior Q) | +3.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $638,128,574 | 2,790,243 | 7.10% | Shares |
| Capital World Investors | $586,138,203 | 2,562,913 | 6.53% | Shares |
| Lingotto Investment Management LLP | $574,377,763 | 2,511,490 | 6.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $538,648,191 | 2,355,261 | 6.00% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $427,014,918 | 1,867,140 | 4.75% | Shares |
| STATE STREET CORP | $401,475,303 | 1,755,467 | 4.47% | Shares |
| FMR LLC | $303,872,089 | 1,328,693 | 3.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $294,945,859 | 1,289,663 | 3.28% | Shares |
| TWO SIGMA INVESTMENTS, LP | $289,611,501 | 1,266,338 | 3.22% | Shares |
| Capital Research Global Investors | $249,797,804 | 1,092,251 | 2.78% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $236,143,956 | 1,032,549 | 2.63% | Shares |
| GOLDMAN SACHS GROUP INC | $227,247,984 | 993,651 | 2.53% | Shares |
| HARRIS ASSOCIATES L P | $218,980,250 | 957,500 | 2.44% | Shares |
| 8 KNOTS MANAGEMENT, LLC | $198,942,438 | 1,146,378 | 2.21% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $171,535,001 | 749,794 | 1.91% | Shares |
| MANNING & NAPIER ADVISORS LLC | $152,338,582 | 663,669 | 1.70% | Shares |
| Long Focus Capital Management, LLC | $139,507,000 | 610,000 | 1.55% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $131,512,792 | 575,045 | 1.46% | Shares |
| TWO SIGMA ADVISERS, LP | $116,582,437 | 671,790 | 1.30% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $115,548,617 | 505,241 | 1.29% | Shares |
| NORGES BANK | $87,054,426 | 380,649 | 0.97% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $82,789,400 | 362,000 | 0.92% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $82,559,556 | 360,995 | 0.92% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $75,497,758 | 330,117 | 0.84% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $72,051,935 | 315,050 | 0.80% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $57,669,907 | 252,164 | 0.64% | Shares |
| Maple Rock Capital Partners Inc. | $55,642,710 | 243,300 | 0.62% | Shares |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | $52,660,005 | 230,258 | 0.59% | Shares |
| STATE OF MICHIGAN RETIREMENT SYSTEM | $51,238,863 | 224,044 | 0.57% | Shares |
| CITIGROUP INC | $47,387,097 | 207,202 | 0.53% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $46,357,490 | 202,700 | 0.52% | Call option |
| REDWOOD CAPITAL MANAGEMENT, LLC | $45,740,000 | 200,000 | 0.51% | Shares |
| INVESTMENT HOUSE LLC | $44,310,854 | 193,751 | 0.49% | Shares |
| JANE STREET GROUP, LLC | $43,224,300 | 189,000 | 0.48% | Put option |
| Fiera Capital Corp | $42,186,459 | 184,462 | 0.47% | Shares |
| Summit Street Capital Management, LLC | $41,630,489 | 182,031 | 0.46% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $41,211,511 | 180,199 | 0.46% | Shares |
| Public Sector Pension Investment Board | $40,933,870 | 178,985 | 0.46% | Shares |
| Ilex Capital Partners (UK) LLP | $39,037,947 | 170,695 | 0.43% | Shares |
| Pine Valley Investments Ltd Liability Co | $38,580,547 | 168,695 | 0.43% | Shares |
| IEQ CAPITAL, LLC | $38,266,756 | 167,323 | 0.43% | Shares |
| 683 Capital Management, LLC | $37,735,500 | 165,000 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $37,277,642 | 162,998 | 0.42% | Shares |
| FIRST TRUST ADVISORS LP | $36,366,126 | 159,013 | 0.40% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $36,116,990 | 157,923 | 0.40% | Shares |
| Assenagon Asset Management S.A. | $35,821,738 | 156,632 | 0.40% | Shares |
| JANE STREET GROUP, LLC | $34,373,610 | 150,300 | 0.38% | Call option |
| AMERIPRISE FINANCIAL INC | $33,655,263 | 147,159 | 0.37% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $33,204,953 | 145,190 | 0.37% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $32,179,691 | 140,707 | 0.36% | Shares |
| BlackRock, Inc. | $30,041,803 | 131,359 | 0.33% | Shares |
| Gotham Asset Management, LLC | $29,856,328 | 130,548 | 0.33% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $29,378,573 | 128,459 | 0.33% | Shares |
| Quantinno Capital Management LP | $29,046,698 | 127,007 | 0.32% | Shares |
| CITADEL ADVISORS LLC | $28,793,330 | 125,900 | 0.32% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $27,340,628 | 119,548 | 0.30% | Shares |
| RHUMBLINE ADVISERS | $25,947,797 | 113,458 | 0.29% | Shares |
| Aberdeen Group plc | $25,461,400 | 111,331 | 0.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $24,505,891 | 107,153 | 0.27% | Shares |
| Swedbank AB | $24,273,989 | 106,139 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $23,944,890 | 104,700 | 0.27% | Call option |
| Scion Asset Management, LLC | $23,920,000 | 125,000 | 0.27% | Shares |
| Swiss National Bank | $23,899,150 | 104,500 | 0.27% | Shares |
| TUDOR INVESTMENT CORP ET AL | $22,793,843 | 99,667 | 0.25% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $22,656,394 | 99,066 | 0.25% | Shares |
| Squarepoint Ops LLC | $22,180,012 | 96,983 | 0.25% | Shares |
| LPL Financial LLC | $20,972,707 | 91,704 | 0.23% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $20,507,758 | 89,671 | 0.23% | Shares |
| Susquehanna Portfolio Strategies, LLC | $19,909,250 | 87,054 | 0.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $18,959,001 | 82,899 | 0.21% | Shares |
| BARCLAYS PLC | $18,640,881 | 81,508 | 0.21% | Shares |
| Legal & General Group Plc | $18,517,383 | 80,968 | 0.21% | Shares |
| Eversept Partners, LP | $18,431,848 | 80,594 | 0.21% | Shares |
| Point72 Asset Management, L.P. | $17,587,030 | 76,900 | 0.20% | Call option |
| W.G. Shaheen & Associates DBA Whitney & Co | $17,532,371 | 76,661 | 0.20% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $16,794,356 | 73,434 | 0.19% | Shares |
| Cerity Partners LLC | $16,538,522 | 72,315 | 0.18% | Shares |
| Alphadyne Asset Management LP | $14,133,660 | 61,800 | 0.16% | Put option |
| NATIXIS | $14,114,221 | 61,715 | 0.16% | Shares |
| Bandera Partners LLC | $13,950,700 | 61,000 | 0.16% | Shares |
| Ensign Peak Advisors, Inc | $13,765,224 | 60,189 | 0.15% | Shares |
| California Public Employees Retirement System | $13,514,340 | 59,092 | 0.15% | Shares |
| Point72 Asset Management, L.P. | $12,761,460 | 55,800 | 0.14% | Put option |
| STOREBRAND ASSET MANAGEMENT AS | $12,475,128 | 54,548 | 0.14% | Shares |
| Mountain Lake Investment Management LLC | $12,211,208 | 53,394 | 0.14% | Shares |
| ALGERT GLOBAL LLC | $11,947,288 | 52,240 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $11,607,669 | 50,755 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $11,580,668 | 50,637 | 0.13% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $11,460,157 | 50,110 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $11,361,918 | 52,673 | 0.13% | Shares |
| SEB Asset Management AB | $11,093,072 | 48,505 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $10,805,846 | 47,249 | 0.12% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $10,558,007 | 43,217 | 0.12% | Shares |
| Alphadyne Asset Management LP | $9,879,840 | 43,200 | 0.11% | Call option |
| MILLENNIUM MANAGEMENT LLC | $9,856,970 | 43,100 | 0.11% | Call option |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $9,845,078 | 43,048 | 0.11% | Shares |
| Sovereign's Capital Management, LLC | $9,382,393 | 41,014 | 0.10% | Shares |
| Solas Capital Management, LLC | $9,198,085 | 40,219 | 0.10% | Shares |
| WOLVERINE TRADING, LLC | $9,165,125 | 47,500 | 0.10% | Put option |
| HEARTLAND ADVISORS INC | $8,951,318 | 39,140 | 0.10% | Shares |
Company insiders 62 insiders · 25 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Roman Kulich | Pres & CEO of Molina of MI | Aug. 22, 2007 S | 5,734 | 0 | 0 | $0 |
| Gerald Landgraf | CEO/Pres of Molina of NM | July 1, 2005 A | — | 0 | 0 | $0 |
| Mark Lowell Keim | Chief Financial Officer | March 1, 2025 A | 59,486 | 0 | 0 | $0 |
| Joseph W White CPA | Former Chief Financial Officer | June 6, 2018 D | 48,390 | 0 | 0 | $0 |
| James Woys | Chief Operating Officer | June 30, 2026 A | 90,178 | 0 | 0 | $0 |
| Terry Bayer | Chief Operating Officer | Feb. 2, 2018 D | 28,730 | 0 | 0 | $0 |
| Debra Bacon | EVP, Medicaid | July 1, 2026 F | 21,636 | 0 | 0 | $0 |
| Jeff D. Barlow | Chief Legal Officer | June 30, 2026 A | 67,313 | 0 | 0 | $0 |
| Marc Russo | EVP, Health Plans | Aug. 7, 2023 S | 37,093 | 0 | 0 | $0 |
| Pamela Sedmak | Executive Vice President | March 1, 2020 F | 8,846 | 0 | 0 | $0 |
| Lisa A Rubino | Senior Vice President | March 1, 2018 F | 25,084 | 0 | 0 | $0 |
| Keith Wilson | Chief Medical Officer | June 30, 2017 A | 29,441 | 0 | 0 | $0 |
| Amir Desai | Chief Information Officer | Aug. 16, 2010 S | 16,782 | 0 | 0 | $0 |
| Mark L Andrews ESQ | Exec. VP, General Counsel | July 1, 2010 F | 51,006 | 0 | 0 | $0 |
| Mary Martha Bernadett MD | Exec. V.P., Research | Dec. 5, 2008 J | 50,000 | 0 | 0 | $0 |
| Stephen T O'Dell | Regional Vice President | Aug. 7, 2008 F | 16,199 | 0 | 0 | $0 |
| Lillis Ann Koontz | Regional Vice President | June 30, 2008 A | 15,304 | 0 | 0 | $0 |
| George Kirk Olsen | VP, Molina Advantage | June 29, 2007 A | 7,822 | 0 | 0 | $0 |
| Michael M Siegel | Chief Medical Officer | March 1, 2007 A | 5,150 | 0 | 0 | $0 |
| Rick Click | Chief Information Officer | March 1, 2007 A | 8,500 | 0 | 0 | $0 |
| Harvey A Fein | VP, Internal Auditing | March 1, 2007 A | 8,713 | 0 | 0 | $0 |
| Joann Zarza-Garrido | VP, Compliance | Feb. 28, 2007 S | 4,774 | 0 | 0 | $0 |
| William Bracciodieta | Former Chief Medical Officer | Feb. 16, 2007 F | 5,000 | 0 | 0 | $0 |
| Sheila Shapiro | Exec. VP, Shared Services | Dec. 30, 2005 J | 12,564 | 0 | 0 | $0 |
| Jennings Patricia Dinsmore | VP Qual. Op. & Integration | Aug. 16, 2004 S | 0 | 0 | 0 | $0 |
| Stephen H Lockhart | Director | July 1, 2026 A | 4,384 | 0 | 0 | $0 |
| Richard M Schapiro | Director | July 1, 2026 A | 12,311 | 0 | 0 | $0 |
| Richard C Zoretic | Director | July 1, 2026 A | 9,389 | 1 | 0 | $100,128 |
| Leo P Grohowski | Director | July 1, 2026 A | 1,542 | 0 | 0 | $0 |
| Francis S Soistman JR | Director | July 1, 2026 A | 907 | 0 | 0 | $0 |
| Dale B Wolf | Director | July 1, 2026 A | 15,633 | 0 | 0 | $0 |
| Steven J Orlando | Director | July 1, 2026 A | 17,967 | 0 | 0 | $0 |
| Ronna Romney | Director | July 1, 2026 A | 17,869 | 0 | 1 | $-74,342 |
| Barbara L Brasier | Director | July 1, 2026 A | 5,818 | 0 | 0 | $0 |
| Daniel Cooperman | Director | April 1, 2025 A | 6,383 | 0 | 0 | $0 |
| Garrey Carruthers | Director | April 1, 2021 A | 5,265 | 0 | 0 | $0 |
| Charles Z Fedak | Director | April 1, 2019 A | 19,092 | 0 | 0 | $0 |
| John C Molina | Director | Feb. 20, 2018 S | 372,930 | 0 | 0 | $0 |
| Frank E Murray MD | Director | Oct. 1, 2017 A | 16,811 | 0 | 0 | $0 |
| Steven James | Director | April 1, 2016 A | 15,024 | 0 | 0 | $0 |
| John P Szabo JR | Director | April 1, 2015 A | 17,097 | 0 | 0 | $0 |
| Sally K Richardson | Director | May 3, 2012 A | 47,537 | 0 | 0 | $0 |
| Wayne B Lowell | Director | May 10, 2007 A | 10,011 | 0 | 0 | $0 |
| Ronald Cpa Dba Lossett | Director | Feb. 10, 2004 A | — | 0 | 0 | $0 |
| MARY R MOLINA LIVING TRUST | 10% owner | Dec. 14, 2009 J | 2,137,134 | 0 | 0 | $0 |
| MOLINA MARITAL TRUST | 10% owner | June 22, 2006 S | 2,926,907 | 0 | 0 | $0 |
| Maurice Hebert | — | May 14, 2026 S | 12,815 | 0 | 1 | $-114,930 |
| Joseph M Zubretsky | — | March 1, 2026 A | 99,015 | 0 | 0 | $0 |
| Thomas L Tran | — | May 24, 2021 F | 29,775 | 0 | 0 | $0 |
| Norman Nichols | — | Aug. 8, 2018 S | 47,415 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Mary R. Molina Living Trust, Exempt Mary R. Molina Living Trust, Mary R. Molina Grantor Retained Annuity Trust 609/4, Mary R. Molina Grantor Retained Annuity Trust 609/7, Mary R. Molina Grantor Retained Annuity Trust 1209/3, Mary R. Molina Grantor Retained Annuity Trust 1209/4, Mary R. Molina Grantor Retained Annuity Trust 610/4, Mary R. Molina Grantor Retained Annuity Trust 610/5, Mary R. Molina Grantor Retained Annuity Trust 1210/4, Mary R. Molina Grantor Retained Annuity Trust 811/3, Mary R. Molina Grantor Retained Annuity Trust 812/3, Estate of Mary R. Molina, Dentino Family Trust, Curtis and Rosi Pedersen 2012 Trust, William Dentino, Curtis Pedersen ×3 filings | Jan. 23, 2018 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 97 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SOVF · Elevation Series Trust | 4.84% | 23,424 NS | April 30, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 2.53% | 113,564 NS | April 30, 2026 | N-PORT |
| RFV · Invesco Exchange-Traded Fund Trust | 1.72% | 29,739 SH | Aug. 8, 2026 | Daily |
| IHF · iShares Trust | 1.48% | 95,609 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 1.28% | 110,553 SH | Aug. 8, 2026 | Daily |
| TAX · EA Series Trust | 0.88% | 1,296 NS | May 29, 2026 | N-PORT |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 0.74% | 5,513,000 | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.64% | 182,154 SH | Aug. 8, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.59% | 525 NS | April 30, 2026 | N-PORT |
| IJJ · iShares Trust | 0.57% | 265,014 SH | Aug. 8, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.50% | 4,637 NS | May 31, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.41% | 4,554 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.40% | 6,550 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.40% | 616 NS | May 31, 2026 | N-PORT |
| SMMV · iShares Trust | 0.36% | 5,412 SH | Aug. 8, 2026 | Daily |
| ITAN · EA Series Trust | 0.30% | 1,521 NS | May 29, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.30% | 20,427 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.28% | 194,039 NS | April 30, 2026 | N-PORT |
| IJH · iShares Trust | 0.28% | 1,797,637 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.27% | 8,640 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.25% | 758,589 SH | Aug. 8, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.25% | 16,608 NS | April 30, 2026 | N-PORT |
| EEMS · iShares, Inc. | 0.25% | 15,172 SH | Aug. 8, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.21% | 435 NS | March 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 20,621 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.19% | 113 NS | May 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.18% | 156,577 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.18% | 6,446 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.17% | 65,326 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.17% | 139,259 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.16% | 23,769 NS | April 30, 2026 | N-PORT |
| IYH · iShares Trust | 0.16% | 30,784 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.16% | 23,801 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.15% | 2,322 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.14% | 7,422 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.14% | 1,195,007 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.13% | 25,658 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.13% | 597,850 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.12% | 879 NS | April 30, 2026 | N-PORT |
| EEMO · Invesco Exchange-Traded Fund Trust … | 0.11% | 449 SH | Aug. 8, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.10% | 4,748 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.10% | 78,157 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.09% | 3,271 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.09% | 9,702 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.09% | 2,075 NS | May 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.09% | 3,801 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.08% | 57,408 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.07% | 209,533 SH | Aug. 8, 2026 | Daily |
| FNDX · SCHWAB STRATEGIC TRUST | 0.07% | 101,197 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.07% | 1,390 NS | April 30, 2026 | N-PORT |