Humana Inc.: financial statements
Price
$450.00
November 13, 2026Market cap $54.3B
What Ploutos Investor adds for Humana
Part of Ploutos Investor, €9.99 a month
- The full history: 17 fiscal years, from 2009
- The estimated fair value, with its range and its certainty
- The full analysis, 18 a month
- More questions to the chat on its filings
- Excel with every year
- An email when it reports, changes its dividend or an officer buys
Sign in with a free account to see the last 5 fiscal years.
Financial statements
Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.
Click a line to see it on the chart.
Revenue
+10.4% a year over 2 years
Financial statements
HUM's revenue, profits and cash flows from 2009 to 2022, 14 more fiscal years
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By segment
Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.
- 2023: Insurance $103B, Center Well $18.4B
- 2024: Insurance $114B, Center Well $19.9B
- 2025: Insurance $125B, Center Well $22.5B
By segment
HUM's revenue by segment from 2009 to 2022, 14 more fiscal years
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From the XBRL of 17 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.
Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.
Debt and obligations
What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.
When the debt falls due
Dec 31, 2025Due within 2 years
$1.0B
Principal of loans and bonds falling due, from the annual report dated December 31, 2025, without leases and interest. The filing
- 2026: $0
- 2027: $1.0B
Leases
Dec 31, 2025Operating leases
$544M
Finance leases
–
The liability is the present value of the rent still to pay, at December 31, 2025. It is not counted in the ladder's debt. The filing
Goodwill by segment
Dec 31, 2025Total goodwill
$9.7B
- CenterWell$7.0B73%
Goodwill is what the company paid in acquisitions above the value of what it bought, at December 31, 2025. If an acquisition earns less, the goodwill is impaired and earnings fall. The filing
From the statutory to the effective tax rate, 2025
Dec 31, 2025Statutory rate
21.0%
Effective rate
17.4%
The company paid 17.4% in tax on its profit, 3.6 points below the US federal rate (21.0%). Below, the reasons it gives.
Statutory rate
21.0%
Acquisitions and disposals
-7.1 pts
Difference the filing does not itemize
+3.5 pts
Effective rate
17.4%
One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing
Earnings quality
How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.
Taxes: deferred and paid
The deferred part was 30.0% of the tax charge in the year to Dec 31, 2025. The rows show the last 3 years.
- Deferred share, year to Dec 31, 2025$75M of $250M
- 30.0%
- Deferred share, year to Dec 31, 2024-$192M of $413M
- -46.5%
- Deferred share, year to Dec 31, 2023-$164M of $836M
- -19.6%
When profit in the accounts runs ahead of taxable profit, the deferred part grows. It also moves for reasons unrelated to how earnings are booked: tax-law changes, the use of past losses, and the US rule since 2022 that spreads research costs over five years. Where the notes report it, the tax-rate bridge under Debt and obligations shows how the rate gets from the statutory one to the effective one.
For an insurer only the tax part applies: receivables, inventory and an operating margin do not describe its business.
A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.
The full analysis
What do Humana's filings show?
These are Humana's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.
- A fair value range built from the filings
- Earnings quality, debt and red flags
- Insider and institutional moves
- The case for and the case against
How much revenue did HUM have in 2025?
Humana had revenue of $130B and net income of $1.2B in fiscal 2025, a net margin of 0.9%.
How much debt does HUM have?
On December 31, 2025 Humana had total assets of $48.9B, debt of $12.4B and shareholders' equity of $17.7B.
How much free cash flow does HUM have?
In fiscal 2025 Humana had cash from operations of $921M and spent $546M on capital expenditure, leaving $375M of free cash flow.
Where are the figures from?
From Humana Inc.'s annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.
Related pages
The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.
The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.