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Centene CNC Net margin

Net margin at other companies

Humana logo
HumanaHUM
3%-0.1pp
CVS Health logo
CVS HealthCVS
0.7%-0.7pp
UnitedHealth Group logo
UnitedHealth GroupUNH
2.7%-2.7pp
Elevance Health logo
Elevance HealthELV
2.6%-0.6pp
Cencora logo
CencoraCOR
0.6%-0.1pp
Cigna logo
CignaCI
2.2%+0.3pp

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+48.2%
Free cash flow$4.2B+203%

Valuation

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Market cap$29.94B-46.5%
Enterprise value$25.05B-66.7%
P/S0.2×-0.2×

Profitability

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Gross margin98.7%+0.3pp
Operating margin-3.7%-5.8pp

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

Calculated from Centene’s reported figures.

Based on trailing twelve months.

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 net margin?
Centene (CNC) reported net margin of -3.3% in Q1 2026.
How has Centene's net margin changed year-over-year?
Centene's net margin decreased by 259.5% year-over-year, from 2% to -3.3%.
What is the long-term trend for Centene's net margin?
Over 2 years (2021 to 2025), Centene's net margin has grown at a -16.8% compound annual growth rate (CAGR), from 4.5% to -3.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.