Buying back shares: share count down 9.6% in 3 years
Money moves
No insider buying or selling in the last 30 days
Institutions added 1.5% to their holdings in the quarter ending June 2026 (358 bought, 244 sold)
Held by Ray Dalio (Bridgewater), Seth Klarman (Baupost)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$204.98-1.9% that day
Company value
$10.7B
Share price times all shares
Price vs sales
0.24x
No profit over the last year, so this compares value with sales instead
Cash vs value
42%
A big cushion: cash is a large part of what the company is worth
Debt vs value
35%
Debt as a share of company value
From MOH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26
$11.1B-3.4% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $44.1B, down 0.9% from the 12 months before. Over 5 years, sales grew about 19% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of MOH. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$42.0B
Profit in 5 years$4.2B
Price these guesses point to$1,404.24+585% vs $204.98 todayAbout +47% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 33% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.0%
MissDebt under half of equityNot relying on borrowed money.0.93x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.0%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$636.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-9.6% in 3 years
Revenue
$45.4B
+11.7% vs prior year
5-year growth
+18.5%/yr
revenue, per year
Total debt
$3.8B
0.93x equity
Current ratio
1.69x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 21After close4:18 pm ET
Revenue
$11.1B
-3.4% YoY
EPS
$0.73
vs $1.51
Op. margin
1.0%
-0.2 pts
Gross margin
12.3%
-0.2 pts
Free cash flow
-$196.0M
Share count
-1.9%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
65/ 100
This week
2
Normal week
1.1
vs normal
1.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%
Institutions added 1.5% to their holdings. 358 bought, 244 sold. 2 quarters of net buying in a row.
Shares held by institutions56.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-3.6%
Cash runwayAt last year's cash burn
100 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $3.8B debt
Shares outstandingLatest reported
52M
Earnings reports
Last 12
Next reportAround Feb 4, 2027 (est.)Estimated from the same quarter last year
Results filedOct 21
Results filedJul 22
Results filedApr 22
Results filedFeb 5
Results filedOct 22, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days