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Centene CNC Other — Medical costs

Other segment segments

Medicaid
$21.96B+5.3%
Medicare
$8.77B+16.1%
Commercial
$7.2B-5.4%

Similar metrics at other companies

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MOHOther — Medical care costs
$3M-87.0%
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THRMMedical Segments — Other Expenses
$6.19M+16.5%
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MOHOther — Cost of service revenue
$21M+10.5%
BH
BHOther — Total Costs & Expenses
$779K+2.5%
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MCKMedical-Surgical Solutions — Other
$500K
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WELLOutpatient Medical — Other segment expenses
$3.2M-55.8%

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:PolicyholderBenefitsAndClaimsIncurredNet.

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 other — medical costs?
Centene (CNC) reported other — medical costs of $378M in Q1 2026.
How has Centene's other — medical costs changed year-over-year?
Centene's other — medical costs decreased by 24.1% year-over-year, from $498M to $378M.
What is the long-term trend for Centene's other — medical costs?
Over 4 years (2021 to 2025), Centene's other — medical costs has grown at a 8.0% compound annual growth rate (CAGR), from $1.56B to $2.12B.
What does other — medical costs mean?
Reflects the direct medical expenses incurred by the 'Other' segment related to providing healthcare services to members. These costs typically include payments to providers, pharmacy costs, and other clinical expenses associated with the segment's specific health plan offerings.