Skip to content

Centene CNC Medicaid — Medical costs

Other segment segments

Medicare
$8.77B+16.1%
Commercial
$7.2B-5.4%
Other
$378M-24.1%

Similar metrics at other companies

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%
Molina Healthcare logo
MOHMedicaid — Cost of service revenue
$0
Molina Healthcare logo
MOHMedicaid — Segment Expenses
$7.3B-0.6%
Chubb logo
CBMedical costs
$6.13B-11.1%
Molina Healthcare logo
MOHOther — Medical care costs
$3M-87.0%

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$4.4B+189%
CapEx$200.0M+48.1%
Free cash flow$4.2B+203%

Valuation

See full
Market cap$32.46B+20.7%
Enterprise value$27.56B-8.0%
P/S0.2×0.0×

Profitability

See full
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:PolicyholderBenefitsAndClaimsIncurredNet.

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

Ask your AI about Centene's medicaid — medical costs.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Centene's medicaid — medical costs?
Centene (CNC) reported medicaid — medical costs of $21.96B in Q1 2026.
How has Centene's medicaid — medical costs changed year-over-year?
Centene's medicaid — medical costs increased by 5.3% year-over-year, from $20.84B to $21.96B.
What is the long-term trend for Centene's medicaid — medical costs?
Over 4 years (2021 to 2025), Centene's medicaid — medical costs has grown at a 5.9% compound annual growth rate (CAGR), from $67.1B to $84.45B.
What does medicaid — medical costs mean?
Reflects the direct costs incurred for providing medical services to Medicaid members, including payments to healthcare providers and facilities. This is the primary operating expense for the segment and is a key driver of the medical loss ratio.