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Centene CNC Operating margin

Operating margin at other companies

Humana logo
HumanaHUM
2.7%-1.7pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Molina Healthcare logo
Molina HealthcareMOH
3%-1.2pp
Oscar Health logo
Oscar HealthOSCR
0.1%
Cencora logo
CencoraCOR
0.8%0.0pp

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
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.

Based on trailing twelve months.

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 operating margin?
Centene (CNC) reported operating margin of -2.8% in Q2 2026.
How has Centene's operating margin changed year-over-year?
Centene's operating margin decreased by 358.5% year-over-year, from 1.1% to -2.8%.
What is the long-term trend for Centene's operating margin?
Over 4 years (2020 to 2025), Centene's operating margin has grown at a 9.0% compound annual growth rate (CAGR), from 2.8% to -3.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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