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Overview

CENTENE CORP

CNCNYSEHealth CareHospital & Medical Service PlansCIK 0001071739Large-cap benchmark

Latest 10-K: FY2025, filed Feb 17, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$194.78B
19.4%YoYup from FY2024
TotalRevenue
Gross profit
$14.21B
16.8%YoYdown from FY2024
GrossProfit
Operating income
-$7.62B
340.1%YoYdown from FY2024
OperatingIncome
Net income
-$6.67B
301.9%YoYdown from FY2024
NetIncome
Diluted EPS
-$13.53
314.4%YoYdown from FY2024
EPSDiluted
Diluted shares
493.1M
5.8%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • CENTENE CORP reported revenue of $194.78B for fiscal 2025, up 19.4% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.

Profitability

  • Operating margin was -3.9% and net margin was -3.4%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was -$13.53, down 314.4% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$194.78B19.4%up
Benchmark median 6.4%
$163.07B5.9%up
Benchmark median 4.5%
$154.00B6.5%up
Benchmark median 4.8%
$144.55B14.7%up
Benchmark median 10.3%
$125.98B13.4%up
Benchmark median 13.8%
11.5%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$14.21B16.8%down
Benchmark median 6.8%
$17.07B3.2%down
Benchmark median 5.5%
$17.64B4.2%up
Benchmark median 5.2%
$16.92B16.8%up
Benchmark median 8.3%
$14.49B86.6%down
Benchmark median 15.7%
-0.5%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
negative: -$7.62B340.1%down
Benchmark median 7.3%
$3.17B8.4%up
Benchmark median 7.4%
$2.93B122.3%up
Benchmark median 4.9%
$1.32B26.1%down
Benchmark median 7.5%
$1.78B42.1%down
Benchmark median 23.5%
n/m
Benchmark median 7.2%
Net Income
negative: -$6.67B301.9%down
Benchmark median 4.8%
$3.31B22.3%up
Benchmark median 5.7%
$2.70B124.8%up
Benchmark median 1.9%
$1.20B10.8%down
Benchmark median 1.3%
$1.35B25.5%down
Benchmark median 33.9%
n/m
Benchmark median 4.1%
EPS (Diluted)
negative: -$13.53314.4%down
Benchmark median 6.2%
$6.3127.5%up
Benchmark median 7.9%
$4.95139.1%up
Benchmark median 1.9%
$2.079.2%down
Benchmark median 1.5%
$2.2826.9%down
Benchmark median 34.8%
n/m
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$76.75B6.9%down
Benchmark median 5.6%
$82.44B2.6%down
Benchmark median 3.4%
$84.64B10.1%up
Benchmark median 4.1%
$76.87B1.9%down
Benchmark median 2.2%
$78.38B14.1%up
Benchmark median 6.7%
-0.5%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$56.69B1.4%up
Benchmark median 6.4%
$55.94B4.7%down
Benchmark median 1.9%
$58.69B11.5%up
Benchmark median 2.9%
$52.63B2.5%up
Benchmark median 2.0%
$51.35B20.1%up
Benchmark median 5.2%
2.5%
Benchmark median 4.4%
Stockholders' Equity
$20.03B24.4%down
Benchmark median 6.8%
$26.50B2.2%up
Benchmark median 5.4%
$25.94B7.3%up
Benchmark median 7.3%
$24.18B10.2%down
Benchmark median 2.5%
$26.94B4.1%up
Benchmark median 9.0%
-7.1%
Benchmark median 6.1%
Cash & Equivalents
$17.89B27.2%up
Benchmark median 5.2%
$14.06B18.2%down
Benchmark median 1.9%
$17.19B42.4%up
Benchmark median 6.7%
$12.07B8.0%down
Benchmark median -8.6%
$13.12B21.5%up
Benchmark median -2.9%
8.1%
Benchmark median 2.0%
Total Debt
$17.40B6.1%down
Benchmark median 2.1%
$18.53B3.9%up
Benchmark median 0.2%
$17.83B1.1%down
Benchmark median 0.3%
$18.02B4.3%down
Benchmark median 0.1%
$18.84B12.3%up
Benchmark median -0.1%
-2.0%
Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$5.09B3203.9%up
Benchmark median 6.3%
$0.15B98.1%down
Benchmark median 4.8%
$8.05B28.6%up
Benchmark median 9.9%
$6.26B48.9%up
Benchmark median -0.7%
$4.21B23.6%down
Benchmark median 10.7%
4.9%
Benchmark median 7.0%
Capital Expenditures
$0.77B19.1%up
Benchmark median 5.4%
$0.64B19.4%down
Benchmark median 2.8%
$0.80B20.4%down
Benchmark median 11.3%
$1.00B10.3%up
Benchmark median 14.0%
$0.91B4.7%up
Benchmark median 8.1%
-4.2%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$4.32Bn/m
Benchmark median 7.3%
negative: -$0.49B106.8%down
Benchmark median 6.1%
$7.25B38.0%up
Benchmark median 8.8%
$5.26B59.5%up
Benchmark median -11.3%
$3.29B28.9%down
Benchmark median 10.2%
7.0%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

n/m

Wall Street

on net earnings

FY2024 10.4%

21.3%

Value investor

on free cash flow

FY2024 negative: −1.5%

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E n/m

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on CNC yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on CNC and publish the result to your public profile.

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Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/CNC

APA-style text
Valuein. (2026, October 30). CENTENE CORP (CNC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/CNC
BibTeX
@misc{valuein_cnc_2026,
  author = {{Valuein}},
  title = {CENTENE CORP (CNC) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/CNC}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 17, 2026 · accession 0001071739-26-000049

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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