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Centene CNC Medicaid — Segment gross margin

Other segment segments

Commercial
$2.36B-7.2%
Medicare
$1.55B+29.1%
Other
$120M+9.1%

Similar metrics at other companies

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MOHMedicaid — Segment Expenses
$7.3B-0.6%
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MOHMedical margin — Gross Profit
$902M-21.5%
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AORTMedical devices — Total gross margin
$61.75M+15.3%
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VREXMedical — Gross Profit
$50.6M-9.5%
ARD
ARDTMedicaid — Net patient service revenue
$158.86M+6.4%
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MOHMedicaid — Premiums Earned And Service Revenue
$7.93B-2.5%

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:GrossProfit.

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 — segment gross margin?
Centene (CNC) reported medicaid — segment gross margin of $1.62B in Q1 2026.
How has Centene's medicaid — segment gross margin changed year-over-year?
Centene's medicaid — segment gross margin increased by 13.0% year-over-year, from $1.43B to $1.62B.
What is the long-term trend for Centene's medicaid — segment gross margin?
Over 4 years (2021 to 2025), Centene's medicaid — segment gross margin has grown at a -10.9% compound annual growth rate (CAGR), from $9.04B to $5.69B.
What does medicaid — segment gross margin mean?
The difference between total Medicaid segment revenues and the direct costs of providing medical care and services. It measures the profitability of the segment before corporate overhead and taxes.