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Centene CNC Medicaid — Current year activity

Discontinued — last reported Q4 '24

Similar metrics at other companies

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MOHMedicaid — Current year
$7.45B-0.6%
Molina Healthcare logo
MOHMedicaid — Change in non-risk and other payables
$295M+439%
Molina Healthcare logo
MOHMedicaid — Liability for Claims and Claims Adjustment Expense
$3.82B+7.2%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year
$4.72B+2.7%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years
$2.69B-2.6%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
$7.3B-0.6%

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$30.13B-46.5%
Enterprise value$25.24B-66.7%
P/S0.2×-0.2×

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:GoodwillPeriodIncreaseDecrease.

The official record: Centene’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's medicaid — current year activity?
Centene (CNC) reported medicaid — current year activity of $0 in Q4 2024.
What does medicaid — current year activity mean?
The net change in estimated medical claims liabilities for the current year.
How do you interpret medicaid — current year activity?
Significant fluctuations may indicate changes in claims processing speed or unexpected shifts in medical utilization trends.
How does medicaid — current year activity compare across companies?
Similar to 'Incurred But Not Reported (IBNR) development' in insurance and managed care.