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Side-by-side financial comparison of Mastercard (MA) and Molina Healthcare (MOH). Click either name above to swap in a different company.
Molina Healthcare is the larger business by last-quarter revenue ($10.8B vs $8.8B, roughly 1.2× Mastercard). Mastercard runs the higher net margin — 46.1% vs 0.1%, a 46.0% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs -3.1%). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% CAGR vs 4.5%).
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
Molina Healthcare, Inc. is a managed care company headquartered in Long Beach, California, United States. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.
MA vs MOH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $10.8B |
| Net Profit | $4.1B | $14.0M |
| Gross Margin | — | — |
| Operating Margin | 55.8% | 0.8% |
| Net Margin | 46.1% | 0.1% |
| Revenue YoY | 17.6% | -3.1% |
| Net Profit YoY | 21.5% | -64.0% |
| EPS (diluted) | $4.52 | $0.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $10.8B | ||
| Q4 25 | $8.8B | $11.4B | ||
| Q3 25 | $8.6B | $11.5B | ||
| Q2 25 | $8.1B | $11.4B | ||
| Q1 25 | $7.3B | $11.1B | ||
| Q4 24 | $7.5B | $10.5B | ||
| Q3 24 | $7.4B | $10.3B | ||
| Q2 24 | $7.0B | $9.9B |
| Q1 26 | — | $14.0M | ||
| Q4 25 | $4.1B | $-160.0M | ||
| Q3 25 | $3.9B | $79.0M | ||
| Q2 25 | $3.7B | $255.0M | ||
| Q1 25 | $3.3B | $298.0M | ||
| Q4 24 | $3.3B | $251.0M | ||
| Q3 24 | $3.3B | $326.0M | ||
| Q2 24 | $3.3B | $301.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 14.2% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 15.3% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 55.8% | -1.4% | ||
| Q3 25 | 58.8% | 1.2% | ||
| Q2 25 | 58.7% | 3.3% | ||
| Q1 25 | 57.2% | 3.9% | ||
| Q4 24 | 52.6% | 3.6% | ||
| Q3 24 | 54.3% | 4.5% | ||
| Q2 24 | 58.0% | 4.4% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 46.1% | -1.4% | ||
| Q3 25 | 45.7% | 0.7% | ||
| Q2 25 | 45.5% | 2.2% | ||
| Q1 25 | 45.2% | 2.7% | ||
| Q4 24 | 44.6% | 2.4% | ||
| Q3 24 | 44.3% | 3.2% | ||
| Q2 24 | 46.8% | 3.0% |
| Q1 26 | — | $0.27 | ||
| Q4 25 | $4.52 | $-2.79 | ||
| Q3 25 | $4.34 | $1.51 | ||
| Q2 25 | $4.07 | $4.75 | ||
| Q1 25 | $3.59 | $5.45 | ||
| Q4 24 | $3.64 | $4.43 | ||
| Q3 24 | $3.53 | $5.65 | ||
| Q2 24 | $3.50 | $5.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.6B | $5.3B |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $7.7B | $4.1B |
| Total Assets | $54.2B | $16.4B |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $10.6B | $8.3B | ||
| Q3 25 | $10.3B | $8.4B | ||
| Q2 25 | $9.0B | $8.8B | ||
| Q1 25 | $7.6B | $9.3B | ||
| Q4 24 | $8.4B | $9.0B | ||
| Q3 24 | $11.1B | $9.2B | ||
| Q2 24 | $7.0B | $8.7B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $7.7B | $4.1B | ||
| Q3 25 | $7.9B | $4.2B | ||
| Q2 25 | $7.9B | $4.6B | ||
| Q1 25 | $6.7B | $4.3B | ||
| Q4 24 | $6.5B | $4.5B | ||
| Q3 24 | $7.4B | $4.8B | ||
| Q2 24 | $7.4B | $4.8B |
| Q1 26 | — | $16.4B | ||
| Q4 25 | $54.2B | $15.6B | ||
| Q3 25 | $53.3B | $15.7B | ||
| Q2 25 | $51.4B | $16.2B | ||
| Q1 25 | $48.5B | $16.4B | ||
| Q4 24 | $48.1B | $15.6B | ||
| Q3 24 | $47.2B | $15.8B | ||
| Q2 24 | $42.3B | $15.2B |
| Q1 26 | — | 0.92× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.0B | $1.1B |
| Free Cash FlowOCF − Capex | $4.9B | — |
| FCF MarginFCF / Revenue | 55.5% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 1.23× | 77.29× |
| TTM Free Cash FlowTrailing 4 quarters | $17.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $5.0B | $-298.0M | ||
| Q3 25 | $5.7B | $-125.0M | ||
| Q2 25 | $4.6B | $-302.0M | ||
| Q1 25 | $2.4B | $190.0M | ||
| Q4 24 | $4.8B | $-224.0M | ||
| Q3 24 | $5.1B | $873.0M | ||
| Q2 24 | $3.1B | $-219.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $-299.0M | ||
| Q3 25 | $5.5B | $-163.0M | ||
| Q2 25 | $4.6B | $-344.0M | ||
| Q1 25 | $2.2B | $168.0M | ||
| Q4 24 | $4.7B | $-235.0M | ||
| Q3 24 | $5.0B | $838.0M | ||
| Q2 24 | $3.0B | $-246.0M |
| Q1 26 | — | — | ||
| Q4 25 | 55.5% | -2.6% | ||
| Q3 25 | 63.8% | -1.4% | ||
| Q2 25 | 56.1% | -3.0% | ||
| Q1 25 | 30.6% | 1.5% | ||
| Q4 24 | 63.3% | -2.2% | ||
| Q3 24 | 68.2% | 8.1% | ||
| Q2 24 | 43.4% | -2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.0% | ||
| Q3 25 | 2.1% | 0.3% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 1.3% | 0.1% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 1.7% | 0.3% |
| Q1 26 | — | 77.29× | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.44× | -1.58× | ||
| Q2 25 | 1.24× | -1.18× | ||
| Q1 25 | 0.73× | 0.64× | ||
| Q4 24 | 1.45× | -0.89× | ||
| Q3 24 | 1.57× | 2.68× | ||
| Q2 24 | 0.96× | -0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
MOH
| Premium revenue | $10.2B | 94% |
| Premium tax revenue | $504.0M | 5% |
| Investment income | $98.0M | 1% |
| Other revenue | $22.0M | 0% |
