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Centene CNC Medicaid — Cost of Services

Other segment segments

Other
$679M+0.7%
Commercial
$0
Medicare
$0

Similar metrics at other companies

Molina Healthcare logo
MOHMedicaid — Cost of service revenue
$0
Molina Healthcare logo
MOHMedicaid — Medical care costs
$7.3B-0.6%
Universal Health Services logo
UHSState Medicaid Programs — Health Care Benefits
$320.75M+33.2%
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MOHMedicare — Cost of service revenue
$0
BrightSpring Health Services, Inc. logo
BTSGCost of Services
$260.92M+23.3%
Aflac logo
AFLMedical costs
$1.83B-5.8%

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

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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 medicaid — cost of services?
Centene (CNC) reported medicaid — cost of services of $23M in Q1 2026.
How has Centene's medicaid — cost of services changed year-over-year?
Centene's medicaid — cost of services decreased by 4.2% year-over-year, from $24M to $23M.
What does medicaid — cost of services mean?
Includes non-medical operating costs directly associated with delivering services to Medicaid members, such as administrative support or specialized program management. This excludes direct medical claims payments.