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Centene CNC Medicare — Cost of Services

Other segment segments

Other
$679M+0.7%
Medicaid
$23M-4.2%
Commercial
$0

Similar metrics at other companies

Molina Healthcare logo
MOHMedicare — Cost of service revenue
$0
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MOHMedicare — Medical care costs
$1.36B+5.2%
Molina Healthcare logo
MOHMedicaid — Cost of service revenue
$0
BrightSpring Health Services, Inc. logo
BTSGCost of Services
$260.92M+23.3%
IES
IESCCost of Services
$627.99M+14.8%
Aflac logo
AFLMedical costs
$1.83B-5.8%

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:CostOfGoodsAndServicesSold.

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 medicare — cost of services?
Centene (CNC) reported medicare — cost of services of $0 in Q1 2026.
What does medicare — cost of services mean?
Represents the direct operational costs associated with delivering healthcare services that are not classified as medical claims, such as administrative support for care coordination or specific service delivery overhead. It helps distinguish between pure medical benefit payouts and the operational costs of managing those benefits.