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Centene CNC Q2 2025 earnings

Reported July 25, 2025 · Before market open

Revenue estimate$44.1B
EPS estimate$0.11

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$47.6B
EPS estimate$1.05

Financials

Q2 2025

Income statement

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Revenue$48.7B+22.4%
Gross profit$48.1B+22.8%
Operating income-$458.0M-137%
Net income-$253.0M-122%
EPS (diluted)-$0.51-124%

Balance sheet

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Cash & equivalents$14.5B-17.6%
Total debt$17.6B-0.3%
Total equity$27.4B+0.2%
Total assets$86.4B+3.9%

Cash flow

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Operating cash flow$1.8B-17.9%
CapEx$208.0M+11.8%
Free cash flow$1.6B-20.7%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$26.9B-24.0%
Enterprise value$29.96B-15.4%
P/E13.1×+0.6×
P/S0.2×-0.1×

Profitability

See full
Gross margin98.5%+0.5pp
Operating margin1.1%-0.9pp
Net margin1.2%-0.6pp
FCF margin0.6%-0.8pp

Returns & leverage

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Return on equity7.5%-3.1pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.1×

Segments

By segment

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Medicaid$28.0B+16.1%
Commercial$10.1B+18.0%
Medicare$9.5B+58.1%
Other$1.2B+1.2%

By product

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Premium and service revenues$42.5B+18.1%
Premium$41.7B+18.8%
Service$727.0M-12.7%

Versus estimates

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Questions, answered.

When did Centene report Q2 2025 earnings?
Centene (CNC) reported Q2 2025 earnings on July 25, 2025 before market open.
What were Centene's Q2 2025 revenue and EPS?
Centene reported revenue of $48.7B and diluted EPS of $-0.16 for Q2 2025.
Did Centene beat estimates in Q2 2025?
Revenue beat the consensus estimate of $44.1B by $4.6B. EPS missed the consensus estimate of $0.11 by $0.27.
How did Centene's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.4% from $39.8B a year earlier.
Where can I find Centene's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001071739-25-000150) directly on SEC EDGAR. The filing index links above go to sec.gov.