What are Centene's profit margins?

Centene (CNC) runs a 98.7% gross margin and a -3.7% operating margin, with a -3.3% net margin.

Where do Centene's ratios come from?

Every ratio is computed from Centene's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Centene CNC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	98.7%0.0pp	98.6%+0.1pp	98.6%+0.1pp	98.5%+0.1pp	98.4%0.0pp
Operating margin	-3.7%+0.2pp	-3.9%-0.8pp	-3.1%-4.1pp	1.1%-1.1pp	2.1%+0.2pp
Net margin	-3.3%+0.2pp	-3.4%-0.6pp	-2.8%-4.0pp	1.2%-0.9pp	2%0.0pp
EBITDA margin	-3%+0.2pp	-3.3%-0.9pp	-2.4%-4.2pp	1.8%-1.1pp	2.9%+0.2pp
Free cash flow margin	3.6%+1.4pp	2.2%+0.4pp	1.8%+1.2pp	0.6%-0.3pp	0.9%+1.2pp
Returns
Return on equity	-26.1%+2.7pp	-28.8%-6.9pp	-21.9%-29.4pp	7.5%-5.1pp	12.6%-0.1pp
Return on assets	-7.7%+0.7pp	-8.4%-2.0pp	-6.4%-8.9pp	2.4%-1.6pp	4.1%+0.1pp
Return on invested capital	-30.4%-1.1pp	-29.3%-7.3pp	-22%-26.9pp	4.9%-4.4pp	9.3%+1.0pp
Efficiency
Asset turnover	2.4×-0.1×	2.4×+0.2×	2.3×+0.2×	2.1×+0.1×	2×0.0×
Liquidity
Current ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Quick ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Cash ratio	0.5×0.0×	0.5×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-equity	0.8×-0.1×	0.9×+0.1×	0.8×+0.2×	0.6×0.0×	0.7×-0.1×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Interest coverage	-10.9×+0.4×	-11.2×-2.9×	-8.4×-11.1×	2.8×-2.4×	5.2×+0.7×
Per Share
Book value per share	$43.24+6.9%	$40.46-5.1%	$42.65-23.2%	$55.53-0.9%	$56.04+11.1%
Valuation
Market capitalization	$16.1B-20.4%	$20.23B+15.4%	$17.52B-34.8%	$26.9B-10.7%	$30.12B-1.5%
Enterprise value	$11.21B-45.3%	$20.5B+13.6%	$18.05B-39.8%	$29.96B-10.9%	$33.62B-6.5%
Price / sales	0.1×0.0×	0.1×0.0×	0.1×-0.1×	0.2×0.0×	0.2×0.0×
Price / book	0.8×-0.3×	1×+0.2×	0.8×-0.1×	1×-0.1×	1.1×-0.1×
EV / sales	0.1×0.0×	0.1×0.0×	0.1×-0.1×	0.2×0.0×	0.2×0.0×
Free cash flow yield	44.2%+22.8pp	21.4%+2.2pp	19.2%+15.1pp	4%-0.9pp	5%+6.6pp
Earnings yield	-40%-7.0pp	-33%-2.8pp	-30.2%-37.8pp	7.6%-3.8pp	11.5%+0.7pp

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Questions, answered.

What are Centene's profit margins?: Centene (CNC) runs a 98.7% gross margin and a -3.7% operating margin, with a -3.3% net margin.
Where do Centene's ratios come from?: Every ratio is computed from Centene's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.