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Centene CNC Medicaid — Revenue from Contract with Customer, Including Assessed Tax

Other segment segments

Medicare
$10.33B+17.9%
Commercial
$9.56B-5.8%
Other
$1.18B-8.2%

Similar metrics at other companies

National Healthcare logo
NHCMedicaid — Revenue (Gross)
$1.78M-4.7%
BrightSpring Health Services, Inc. logo
BTSGMedicaid — Revenue
$405.7M+25.5%
Universal Health Services logo
UHSMedicaid — Revenue
$709.9M+34.7%
Universal Health Services logo
UHSManaged Medicaid — Revenue
$646.6M+7.3%
Universal Health Services logo
UHSMedicaid — Revenue From Contract With Customer Excluding Assessed Tax Percentage
16%+3.0pp
Universal Health Services logo
UHSManaged Medicaid — Revenue From Contract With Customer Excluding Assessed Tax Percentage
14%-1.0pp

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:RevenueFromContractWithCustomerIncludingAssessedTax.

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 — revenue from contract with customer, including assessed tax?
Centene (CNC) reported medicaid — revenue from contract with customer, including assessed tax of $28.89B in Q1 2026.
How has Centene's medicaid — revenue from contract with customer, including assessed tax changed year-over-year?
Centene's medicaid — revenue from contract with customer, including assessed tax increased by 9.3% year-over-year, from $26.43B to $28.89B.
What is the long-term trend for Centene's medicaid — revenue from contract with customer, including assessed tax?
Over 4 years (2021 to 2025), Centene's medicaid — revenue from contract with customer, including assessed tax has grown at a 7.0% compound annual growth rate (CAGR), from $84.14B to $110.43B.
What does medicaid — revenue from contract with customer, including assessed tax mean?
The total gross revenue generated from Medicaid contracts, inclusive of premium taxes and other assessed fees. This represents the top-line scale of the Medicaid business segment.