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Headquartered in Louisville, Kentucky, Humana Inc. and its subsidiaries, referred to throughout this document as we, us, our, the Company or Humana, is committed to putting health first for our teammates, our customers, and our company. Through our Humana insurance services, and our CenterWell health care services, we make it easier for the millions of people we serve to achieve their b…
$303.68
$0.42 (-0.14%)
Price from 13 days ago
Operating margin is thin at 2.09%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 10.1%, still solid. Free cash flow declined 84% despite revenue growth, conversion is weakening.
At 32x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 84% versus the prior year, cash generation momentum has weakened.
32.4x earnings, 28.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$137.20B
▲ +10.1% YoY
Net Income (TTM)
$1.13B
▼ -1.6% YoY
Op. Margin
1.78%
ROIC
7.05%
▲ +0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.27B
▼ -84.3% YoY
Op. Cash Flow (TTM)
$1.84B
▼ -68.9% YoY
Net Debt
-$7.97B
Net Cash Position
Cash & Equiv.
$21.96B
5Y CAGR: +10.9%
5Y CAGR: -39.6%
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