What is Centene's commercial — cost of services?

Centene (CNC) reported commercial — cost of services of $0 in Q1 2026.

What does commercial — cost of services mean?

Direct costs associated with delivering non-medical services or administrative support functions specific to the commercial segment. This excludes direct medical claims and is used to measure operational efficiency in service delivery.

Centene CNC Commercial — Cost of Services

Other segment segments

Other

$679M+0.7%

Medicaid

$23M-4.2%

Medicare

$0—

Similar metrics at other companies

BBWCommercial — Cost of Goods Sold

$4.42M+46.6%

JOECommercial — Cost Of Goods And Service Excluding Depreciation Depletion And Amortization

$6.06M-13.8%

DAKTCommercial — Cost of Sales

$28M-5.7%

TTMICommercial — Cost of Goods Sold

$393.34M+46.2%

ELACommercial — Cost of Goods Sold

$5.67M+52.0%

CDWCommercial — Cost of Sales

$2.77B+10.6%

Other financials

Income statement

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Revenue$49.9B+7.1%

Gross profit$49.2B+7.2%

Operating income$1.9B+21.3%

Net income$1.5B+17.5%

EPS (diluted)$3.11+18.3%

Balance sheet

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Cash & equivalents$21.3B+43.5%

Total debt$16.4B-10.6%

Total equity$21.4B-23.2%

Total assets$81.2B-6.7%

Cash flow

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Operating cash flow$4.4B+189%

CapEx$200.0M+48.1%

Free cash flow$4.2B+203%

Valuation

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Market cap$32.46B+20.7%

Enterprise value$27.56B-8.0%

P/S0.2×0.0×

Profitability

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Gross margin98.7%+0.3pp

Operating margin-3.7%-5.8pp

Net margin-3.3%-5.3pp

FCF margin3.6%+2.7pp

Returns & leverage

See full

Return on equity-26.1%-38.7pp

Debt / equity0.8×+0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Centene in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Centene’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's commercial — cost of services?: Centene (CNC) reported commercial — cost of services of $0 in Q1 2026.
What does commercial — cost of services mean?: Direct costs associated with delivering non-medical services or administrative support functions specific to the commercial segment. This excludes direct medical claims and is used to measure operational efficiency in service delivery.