Centene Corporation (CNC)

NYSE: CNC · Real-Time Price · USD

63.41

-0.33 (-0.52%)

At close: Jul 24, 2026, 4:00 PM EDT

63.56

+0.15 (0.24%)

After-hours: Jul 24, 2026, 4:18 PM EDT

Centene Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	198,101	194,777	163,071	153,999	144,547	125,982
Revenue Growth	17.02%	19.44%	5.89%	6.54%	14.74%	13.38%
Gross Profit	35,925	34,405	34,635	31,541	25,986	22,486
Operating Income	-7,296	-7,623	3,175	2,930	1,318	1,784
Net Income	-6,444	-6,674	3,305	2,702	1,202	1,347
Earnings Per Share	-13.14	-13.53	6.31	4.95	2.07	2.28
EPS Growth	-	-	27.47%	139.13%	-9.21%	-26.92%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Medicaid	112,889	110,434	101,417	100,759	93,151	84,139
Medicare	38,777	37,210	23,032	22,261	22,484	17,512
Commercial	41,410	42,003	33,702	24,845	17,380	16,956
Other	5,025	5,130	4,920	6,134	11,532	7,375
Revenue (Total)	198,101	194,777	163,071	153,999	144,547	125,982

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	23,741	20,320	16,685	19,652	14,395	14,657
Total Debt	16,371	17,401	18,533	17,829	18,020	18,838
Net Cash (Debt)	7,370	2,919	-1,848	1,823	-3,625	-4,181
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	14.95	5.92	-3.53	3.34	-6.23	-7.08

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	7,944	5,088	154	8,053	6,261	4,205
Capital Expenditures	-832	-767	-644	-799	-1,004	-910
Free Cash Flow	7,112	4,321	-490	7,254	5,257	3,295
Free Cash Flow Growth	376.68%	-	-	37.99%	59.55%	-28.89%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	18.13%	17.66%	21.24%	20.48%	17.98%	17.85%
Operating Margin	-3.68%	-3.91%	1.95%	1.90%	0.91%	1.42%
Pretax Margin	-3.22%	-3.45%	2.61%	2.34%	1.36%	1.44%
Profit Margin	-3.26%	-3.43%	2.02%	1.75%	0.83%	1.06%
FCF Margin	3.59%	2.22%	-0.30%	4.71%	3.64%	2.62%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	9.60	14.99	39.62	36.14
Forward PE	18.15	17.68	8.90	11.71	13.56	15.17
P/FCF Ratio	4.39	4.68	-	5.47	8.59	14.57
PS Ratio	0.18	0.10	0.18	0.26	0.31	0.38