Centene Corporation
CNC Healthcare Healthcare Plans
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.
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Centene Corporation (CNC) Gross margin
Centene Corporation's gross margin over the twelve months to 30 June 2026 was 7.82%, up 0.7 percentage points from fiscal 2025 (7.12%). Over the past ten years it has ranged from 7.12% (fiscal 2025) to 14.0% (fiscal 2018) — the current reading is the lowest in ten years. That is below the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 53.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 7.12% | (3.20) |
| FY2024 | 10.3% | (0.92) |
| FY2023 | 11.2% | (0.28) |
| FY2022 | 11.5% | 0.25 |
| FY2021 | 11.3% | (2.42) |
| FY2020 | 13.7% | 1.84 |
| FY2019 | 11.9% | (2.16) |
| FY2018 | 14.0% | 2.02 |
| FY2017 | 12.0% | (1.66) |
| FY2016 | 13.7% | 1.58 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 8.59% | (2.54) |
| Mar 2026 | 11.1% | 6.17 |
| Dec 2025 | 4.96% | (1.58) |
| Sep 2025 | 6.54% | 0.49 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CI Cigna Group compare | 88.5% |
| CVS CVS Health Corporation compare | 44.5% |
| UNH UnitedHealth Group Incorporated compare | 40.0% |
| OSCR Oscar Health, Inc. compare | 20.2% |
| CLOV Clover Health Investments, Corp. compare | 18.6% |
| ELV Elevance Health, Inc. compare | 15.1% |
| HUM Humana Inc. compare | 13.7% |
| MOH Molina Healthcare, Inc compare | 12.7% |
| CNC Centene Corporation | 7.82% |
| Healthcare Plans industry median | 19.4% |
| Healthcare sector median | 53.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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