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Centene CNC Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

Other financials

Income statement

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Revenue$53.6B+9.9%
Gross profit$52.9B+9.9%
Operating income$1.2B+362%
Net income$1.1B+531%
EPS (diluted)$2.19+529%

Balance sheet

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Cash & equivalents$24.2B+66.4%
Total debt$16.1B-8.4%
Total equity$22.6B-17.7%
Total assets$83.0B-3.9%

Cash flow

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Operating cash flow$3.6B+101%
CapEx$174.0M-16.3%
Free cash flow$3.4B+117%

Valuation

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Market cap$30.74B+139%
Enterprise value$22.69B+42.4%
P/S0.2×+0.1×

Profitability

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Gross margin98.6%+0.2pp
Operating margin-2.8%-3.9pp
Net margin-2.5%-3.7pp
FCF margin4.4%+3.8pp

Returns & leverage

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Return on equity-20.4%-27.9pp
Debt / equity0.7×+0.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Centene’s reported figures.

The source filing: Centene’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 27, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001071739-26-000153

FAQ

What is Centene's invested capital?
Centene (CNC) reported invested capital of $14.52B in Q2 2026.
How has Centene's invested capital changed year-over-year?
Centene's invested capital decreased by 52.4% year-over-year, from $30.47B to $14.52B.
What is the long-term trend for Centene's invested capital?
Over 5 years (2020 to 2025), Centene's invested capital has grown at a -9.5% compound annual growth rate (CAGR), from $33.29B to $20.23B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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