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Centene CNC Q3 2025 earnings

Reported October 29, 2025 · Before market open

Revenue estimate$47.7B
EPS estimate-$0.14

Next report

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

Financials

Q3 2025

Income statement

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Revenue$49.7B+18.2%
Gross profit$49.0B+18.6%
Operating income-$7.0B-1,146%
Net income-$6.6B-1,030%
EPS (diluted)-$13.50-1,093%

Balance sheet

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Cash & equivalents$17.1B+17.0%
Total debt$17.6B-0.1%
Total equity$20.9B-23.3%
Total assets$82.1B-0.3%

Cash flow

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Operating cash flow$1.4B
CapEx$211.0M+37.9%
Free cash flow$1.1B+201%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$17.52B-55.7%
Enterprise value$18.05B-57.7%
P/S0.1×-0.2×

Profitability

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Gross margin98.6%+0.4pp
Operating margin-3.1%-4.9pp
Net margin-2.8%-4.7pp
FCF margin1.8%+1.7pp

Returns & leverage

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Return on equity-21.9%-33.6pp
Debt / equity0.8×+0.2×
Current ratio1.1×0.0×

Segments

By segment

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Medicaid$28.0B+5.8%
Commercial$11.0B+26.4%
Medicare$9.4B+66.4%
Other$1.3B+7.8%

By product

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Premium and service revenues$44.9B+21.7%
Premium$44.1B+22.2%
Service$772.0M-1.5%

Versus estimates

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Questions, answered.

When did Centene report Q3 2025 earnings?
Centene (CNC) reported Q3 2025 earnings on October 29, 2025 before market open.
What were Centene's Q3 2025 revenue and EPS?
Centene reported revenue of $49.7B and diluted EPS of $0.50 for Q3 2025.
Did Centene beat estimates in Q3 2025?
Revenue beat the consensus estimate of $47.7B by $2.0B. EPS beat the consensus estimate of $-0.14 by $0.64.
How did Centene's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.2% from $42.0B a year earlier and diluted EPS declined 69.1% from $1.62.
Where can I find Centene's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001071739-25-000183) directly on SEC EDGAR. The filing index links above go to sec.gov.