Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Humana Inc

HUM · NYSE · Healthcare

Fundamental quality

DEMANDING

33

out of 100

Humana Inc earns a fundamental-quality score of 33 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 2.9× EBITDA). Its weakest area is its growth (revenue +11.6%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Humana is one of America's big health insurers, almost entirely focused on Medicare Advantage: government-funded private plans for retirees. Its single-minded bet is its strength in good years and its Achilles' heel in bad ones.

What will shape its future

  • Its senior members' medical costs: when retirees visit doctors more, its margin suffers.
  • Government rates and audits for Medicare Advantage — political decisions that move its P&L.
  • Its concentration: with little business outside Medicare, it has nowhere to hide.

Breakdown by area

I.Growth
22

EPS growth: -17.3% · Revenue growth: 11.6%

II.Profitability
33

Net margin: 0.8% · ROE: 6.1% · ROIC: 7.3%

III.Financial health
45

Net debt/EBITDA: 2.9x · FCF: 0.9%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 13%
ROEbeats 22%
Growthbeats 75%
Cash generationbeats 7%
Less debtbeats 32%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Humana Inc strengths

  • Revenue rising without interruption since 2020.
  • Revenue growing (11.6% annualized).
  • Positive free cash flow year after year, a self-funding business.

Humana Inc risks and weaknesses

  • Declining earnings per share (-17.3% annualized).
  • Its net debt has grown over the period.
  • Thin margins (net margin of 0.8%), little cushion for setbacks.
  • Shrinking margins: net margin has fallen from 4% to 1% in recent years.

Humana Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
202077,1553,3674,6751,987
202183,0642,9339209,100
202292,8702,8063,4506,065
2023106,3742,4892,9776,962
2024117,7611,2072,3919,500
2025129,6641,1883758,169

Between 2020 and 2025, revenue went from $77,155M to $129,664M (+68%) and net income went from $3,367M to $1,188M (-65%). Meanwhile, its margins have narrowed (from 4% to 1%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+23.5%
  • Net income-4.7%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$3.54

per share, yearly

36.2% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

Advertising

Invest smart: choose your broker well

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is Humana Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Humana Inc a good company to invest in?

In terms of business quality, Humana Inc scores 33 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Humana Inc a profitable company?

Humana Inc is profitable, with a net margin of 0.8%, though a thin one.

Does Humana Inc have a lot of debt?

A moderate level: its net debt is 2.9 times its EBITDA.

Is Humana Inc growing?

Its revenue has grown 11.6% annualized in recent years, and without interruption since 2020.

Does Humana Inc generate cash?

Yes. It converts about 0.9% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?