What is Centene's medicaid — plus: divestitures?

Centene (CNC) reported medicaid — plus: divestitures of $0 in Q4 2025.

What does medicaid — plus: divestitures mean?

Represents the impact of selling off specific Medicaid business units or assets on the segment's financial position. This adjustment helps isolate the performance of ongoing operations.

Centene CNC Medicaid — Plus: Divestitures

Similar metrics at other companies

TEXMP — Divestiture

-$1.75M—

MCOMA — Decreases due to divestiture during the period (2)

-$6.5M—

WHRDivestitures

-$22.25M-115%

CICigna Healthcare — Less: Divestiture and other

$0-100%

PGHealth Care — Acquisitions and divestitures

$40M—

CICigna Healthcare — Divestiture and other

-$1.11B—

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 cnc:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentDivestiture.

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 — plus: divestitures?: Centene (CNC) reported medicaid — plus: divestitures of $0 in Q4 2025.
What does medicaid — plus: divestitures mean?: Represents the impact of selling off specific Medicaid business units or assets on the segment's financial position. This adjustment helps isolate the performance of ongoing operations.