Humana Inc.

HUMNYSEHealthcare● Active

$352.93

+$2.85(+0.81%)

Market Cap$42.4B

P/E Ratio—

52W High$353.5

52W Low$163.11

Avg Volume1.7M

Open$345.63

Beta0.77

Overview

Humana Inc. (HUM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HUM · free cash flow · updated Jun 8, 2026

Core FCF metrics

HUM · FCF · TTM · margin & CAGR

Free cash flow was $375.0M for FY2025 (fiscal year ending 2025-12-31), down 84.3% year-over-year The FCF margin was 0.3%. Five-year CAGR stands at -39.6%.

FY2025 Free Cash Flow$375.0M▼ -84.3% YoY

Trailing 12M (TTM)$1.27Btrailing 4 quarters sum

FCF Margin0.3%$375.0M ÷ revenue

3-Year CAGR-52.3%FY2022 → FY2025

5-Year CAGR-39.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HUM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$921.0M(546M)$375.0M▼ 84.3%0.3%

FY2024$2.97B(575M)$2.39B▼ 19.7%2.0%

FY2023$3.98B(1.00B)$2.98B▼ 13.7%2.8%

FY2022$4.59B(1.14B)$3.45B▲ +275.0%3.7%

FY2021$2.26B(1.34B)$920.0M▼ 80.3%1.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HUM · P/FCF · FCF yield · FCF per share

Humana Inc. (HUM) trades at a FCF yield of 3.00% and a price-to-free-cash-flow ratio of 33.4x. FCF per share stands at $10.56, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.00%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.56

TTM FCF ÷ Shares Outstanding

Price / FCF

x33.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x40.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HUM · cash flow statement · operating / investing / financing

For FY2025, Humana Inc. generated $921.0M in operating cash flow and spent 546M in capital expenditures, yielding $375.0M in free cash flow.

Operating Activities

+$921.0M

Cash from core business operations

2025-12-31

Investing Activities

+$2.27B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.22B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($921.0M) − |CapEx| (546M) = FCF ($375.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

HUM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Humana Inc.YOU

HUM

$375.0M-84.3%0.3%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Humana Inc. (HUM) reported free cash flow of $375.0M for FY2025 (fiscal year ending 2025-12-31), down 84.3% year-over-year. The FCF margin was 0.3%.

Based on available data, Humana Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.67B in FY2020. The 5-year CAGR stands at -39.6%.

Humana Inc.'s FCF yield is 3.00% and price-to-FCF ratio is 33.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HUM free cash flow · 8 questions

Humana Inc. free cash flow was $375.0M for FY2025, down 84.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.27B.

HUM free cash flowHUM FCFHUM FCF 2025HUM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Humana Inc. · Humana Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026