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Centene Corporation

Centene Corporation’s revenue for fiscal 2025 (year ended December 2025) was $194.8 billion, up 19.4% from fiscal 2024. In the quarter to June 2026, revenue grew 9.92%, EPS grew 533.3%, free cash flow grew 116.6% and total debt fell 8.37%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years.

68.86 1.84 +2.75%

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Market cap: $33.1B
P/E: 0.0×
Fwd P/E: 24.8×
Dividend yield: —
F-score: 5/9
Altman Z: 2.64
Beneish M: −3.07
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	18.06	21.38	24.32	19.71	19.24	35.67	38.34	15.58	9.66	0.00
Piotroski F-Score Full definition →	4	4	5	5	5	5	7	8	5	5
Altman Z-Score Full definition →	2.71	3.23	2.95	2.90	2.41	2.43	2.67	2.60	2.76	2.64
P/S ratio Full definition →	0.23	0.37	0.37	0.35	0.31	0.38	0.32	0.27	0.19	0.10
P/FCF ratio Full definition →	6.02	16.58	40.25	34.52	7.39	14.58	8.72	5.75	0.00	4.70
Altman Z″-Score (non-manufacturers) Full definition →	1.08	1.07	1.29	2.34	1.43	1.27	1.14	1.47	1.66	0.39
Beneish M-Score Full definition →	(1.70)	(2.47)	(2.18)	(2.29)	(2.16)	(2.31)	(2.79)	(2.70)	(1.99)	(3.07)
P/Operating CF Full definition →	5.85	39.31	(35.49)	(39.93)	11.49	71.15	(29.10)	192.37	(53.85)	46.43
P/B ratio Full definition →	1.57	2.58	2.04	2.05	1.32	1.78	1.90	1.61	1.19	1.01
Price to Tangible BV Full definition →	0.00	24.67	12.79	6.96	0.00	0.00	0.00	18.32	8.95	4.35
EV/Sales Full definition →	0.23	0.37	0.38	0.36	0.35	0.41	0.34	0.26	0.21	0.09
EV/EBITDA Full definition →	6.18	11.40	11.84	11.03	8.91	16.74	18.01	9.45	7.58	0.00
EV/Operating CF Full definition →	5.15	11.95	18.74	18.03	7.03	12.42	7.90	4.96	217.26	3.41
EV/FCF Full definition →	6.17	16.67	41.36	35.51	8.34	15.84	9.41	5.50	(68.28)	4.02
Quick Ratio Full definition →	0.89	0.86	0.94	1.49	1.02	1.04	0.97	0.96	1.06	1.05
Current Ratio Full definition →	0.97	0.93	1.00	1.57	1.08	1.11	1.06	1.11	1.11	1.10
Net Debt/EBITDA Full definition →	0.14	0.06	0.32	0.31	1.01	1.34	1.32	(0.43)	0.42	0.46
Debt/Assets Full definition →	23.05%	21.50%	21.64%	33.48%	24.42%	24.04%	23.44%	21.06%	22.48%	22.67%
Debt/Equity Full definition →	0.79	0.68	0.61	1.08	0.65	0.70	0.75	0.69	0.70	0.87
Asset Turnover Full definition →	2.95	2.30	2.28	2.08	2.03	1.71	1.86	1.91	1.95	2.45
Operating CF/Net income Full definition →	3.29	1.80	1.37	1.12	3.04	3.12	5.21	2.98	0.05	(0.76)
Capex/Depreciation Full definition →	(1.10)	(1.17)	(1.36)	(1.14)	(0.69)	(0.68)	(0.70)	(0.62)	(0.52)	(0.60)
Interest Coverage Full definition →	5.82	4.70	4.25	4.32	4.23	2.68	1.98	4.04	4.52	(11.24)
ROE Full definition →	13.92%	12.96%	10.07%	11.16%	9.38%	5.10%	4.70%	10.78%	12.61%	(28.69%)
ROA Full definition →	4.08%	3.94%	3.41%	3.67%	3.30%	1.83%	1.55%	3.35%	3.96%	(8.38%)
ROIC Full definition →	12.88%	10.77%	7.83%	8.31%	6.36%	3.58%	2.96%	7.59%	7.00%	(27.84%)
Return on Tangible Assets Full definition →	104.27%	174.32%	51.93%	13.89%	39.46%	22.00%	29.35%	44.59%	56.93%	(116.86%)
Average Days of Receivables Full definition →	28.90	25.75	31.27	30.55	31.85	35.46	33.51	36.81	44.12	33.93
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	9.05%	9.19%	10.05%	8.75%	8.44%	7.62%	8.02%	8.16%	7.60%	6.63%
Intangible Assets out of Total Assets Full definition →	0.31	0.28	0.30	0.22	0.39	0.35	0.33	0.28	0.28	0.20
Share Based Compensation of Revenue Full definition →	0.36%	0.28%	0.24%	0.24%	0.25%	0.16%	0.16%	0.14%	0.13%	0.10%
Graham Net Nets Full definition →	(0.64)	(0.36)	(0.35)	(0.31)	(0.57)	(0.48)	(0.49)	(0.43)	(0.57)	(0.81)
Graham Number Full definition →	25.94	32.78	38.79	46.88	56.43	49.01	44.36	72.77	84.64	0.00
Earnings Yield Full definition →	5.54%	4.68%	4.11%	5.07%	5.20%	2.80%	2.61%	6.42%	10.35%	(33.07%)
Free Cash Flow Yield Full definition →	16.60%	6.03%	2.48%	2.90%	13.53%	6.86%	11.46%	17.38%	(1.55%)	21.29%
Revenue per Share Full definition →	127.24	140.30	154.05	180.51	194.69	216.15	251.30	283.44	312.52	394.99
Operating CF per Share Full definition →	5.80	4.32	3.16	3.59	9.64	7.21	10.89	14.82	0.30	10.32
Capex per Share Full definition →	(0.96)	(1.22)	(1.73)	(1.77)	(1.52)	(1.56)	(1.75)	(1.47)	(1.23)	(1.56)
Free Cash Flow per Share Full definition →	4.84	3.09	1.43	1.82	8.12	5.65	9.14	13.35	(0.94)	8.76
Cash per Share Full definition →	13.90	13.35	15.54	31.41	21.69	25.15	25.03	36.17	31.98	41.21
Shareholders Equity per Share Full definition →	18.52	19.90	28.22	30.62	45.35	46.22	42.04	47.74	50.79	40.63
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	18.52	19.90	28.22	30.62	45.35	46.22	42.04	47.74	50.79	40.63
Free Cash Flow Full definition →	1,545.00	1,067.00	559.00	753.00	4,634.00	3,295.00	5,257.00	7,254.00	(490.00)	4,321.00
Working Capital Full definition →	(258.00)	(629.00)	27.00	7,391.00	1,808.00	2,732.00	1,664.00	4,040.00	3,738.00	3,674.00
Capital Expenditures Full definition →	(306.00)	(422.00)	(675.00)	(730.00)	(869.00)	(910.00)	(1,004.00)	(799.00)	(644.00)	(767.00)
Net Current Asset Value Full definition →	(5,923.00)	(6,288.00)	(7,890.00)	(8,012.00)	(19,441.00)	(22,938.00)	(22,561.00)	(17,948.00)	(17,946.00)	(16,344.00)
EV/EBIT Full definition →	7.54	14.83	15.86	15.01	12.54	29.26	37.55	13.62	10.54	0.00
Capex to Sales Full definition →	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00
Price to Operating Income Full definition →	7.37	14.75	15.43	14.60	11.12	26.92	34.80	14.25	9.96	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.35	0.33	0.29	0.30	0.45	0.39	0.59	0.64	0.60	0.63
Cash ROIC Full definition →	10.30%	6.60%	2.35%	1.91%	8.42%	5.45%	9.29%	11.44%	(0.79%)	7.48%
Accounts Receivable Turnover Full definition →	18.07	14.60	14.04	13.10	13.94	11.49	11.33	10.69	9.25	10.30
Accounts Payable Turnover Full definition →	14.80	10.74	12.58	16.02	17.07	14.37	14.20	10.54	9.88	13.43
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	39.17	35.70	28.60	23.10	26.91	27.73	27.18	43.85	32.88	27.79
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	2,247.00	3,314.00	4,281.50	5,698.50	7,971.50	10,967.00	12,755.00	14,402.00	17,622.50	18,909.00
Average Payables Full definition →	2,369.50	3,964.00	4,108.00	4,107.50	5,616.50	7,781.00	9,009.00	12,972.50	14,797.00	13,474.00
Average Assets Full definition →	13,768.00	21,026.00	26,378.00	35,947.50	54,856.50	73,547.00	77,622.50	80,755.50	83,543.00	79,596.00
Average Common Equity Full definition →	4,038.50	6,386.50	8,938.50	11,836.00	19,272.00	26,412.50	25,560.50	25,059.00	26,218.50	23,266.50

Fold the line items

Columns are period end dates

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