Cost of Revenue

Total Cost of Revenue

Centene Total Cost of Revenue increased by 3.2% to $702.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.6%, from $698.00M to $702.00M. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows a downward trend with a -14.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026

How to read this metric

An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.

Detailed definition

Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...

Peer comparison

Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.

Metric ID: total_cost_of_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.11B$1.36B$1.38B$1.99B$2.10B$1.57B$1.37B$870.00M$877.00M$856.00M$961.00M$669.00M$680.00M$692.00M$688.00M$698.00M$641.00M$651.00M$680.00M$702.00M
QoQ Change+22.4%+2.1%+43.6%+5.6%-25.2%-12.5%-36.7%+0.8%-2.4%+12.3%-30.4%+1.6%+1.8%-0.6%+1.5%-8.2%+1.6%+4.5%+3.2%
YoY Change+89.6%+15.9%-0.7%-56.2%-58.2%-45.5%-30.1%-23.1%-22.5%-19.2%-28.4%+4.3%-5.7%-5.9%-1.2%+0.6%
Range$641.00M$2.10B
CAGR-9.1%
Avg YoY Growth-11.6%
Median YoY Growth-12.5%
Current Streak3 quarters growth

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other$658.00M$669.00M$665.00M$674.00M$616.00M$626.00M$656.00M$679.00M
Medicaid$22.00M$23.00M$23.00M$24.00M$25.00M$25.00M$24.00M$23.00M
Commercial$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Medicare$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Total$680.00M$692.00M$688.00M$698.00M$641.00M$651.00M$680.00M$702.00M

Frequently Asked Questions

What is Centene's total cost of revenue?
Centene (CNC) reported total cost of revenue of $702.00M in Q1 2026.
How has Centene's total cost of revenue changed year-over-year?
Centene's total cost of revenue increased by 0.6% year-over-year, from $698.00M to $702.00M.
What is the long-term trend for Centene's total cost of revenue?
Over 4 years (2021 to 2025), Centene's total cost of revenue has grown at a -14.1% compound annual growth rate (CAGR), from $4.89B to $2.67B.
What does total cost of revenue mean?
The direct costs incurred to produce the goods or services that a company sold during a specific period.