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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	394.3%+0.3pp	394%+0.3pp	393.7%+0.4pp	393.3%+0.5pp	392.8%+0.5pp
Operating margin	-9.6%-5.8pp	-3.8%-5.9pp	2.1%-4.9pp	7%-0.9pp	7.9%+0.2pp
Net margin	-8.4%-5.3pp	-3.1%-5.5pp	2.4%-4.7pp	7.1%-0.6pp	7.8%+0.3pp
EBITDA margin	-6.9%-5.9pp	-1%-6.0pp	5%-5.0pp	10%-1.0pp	10.9%+0.1pp
Free cash flow margin	8.2%+2.7pp	5.5%+2.5pp	3%+1.7pp	1.3%-0.8pp	2.2%-0.8pp
Returns
Return on equity	-69.3%-38.7pp	-30.6%-41.4pp	10.8%-33.6pp	44.4%-3.1pp	47.5%+2.1pp
Return on assets	-20.1%-11.7pp	-8.3%-12.3pp	4%-10.1pp	14.1%-1.0pp	15.1%+0.8pp
Return on invested capital	-76.8%-39.8pp	-37.1%-37.6pp	0.5%-30.2pp	30.7%-3.0pp	33.8%+1.7pp
Efficiency
Asset turnover	9.2×+0.4×	8.8×+0.5×	8.3×+0.3×	8×+0.2×	7.8×+0.1×
Liquidity
Current ratio	4.4×0.0×	4.4×0.0×	4.4×0.0×	4.4×-0.1×	4.5×-0.1×
Quick ratio	4.4×0.0×	4.4×0.0×	4.4×0.0×	4.4×-0.1×	4.5×-0.1×
Cash ratio	1.8×+0.1×	1.7×+0.1×	1.6×0.0×	1.6×-0.1×	1.8×-0.1×
Leverage
Debt-to-equity	3.2×+0.1×	3×+0.2×	2.9×+0.2×	2.7×0.0×	2.7×0.0×
Debt-to-assets	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×
Interest coverage	-27.7×-16.0×	-11.6×-15.8×	4.1×-12.6×	16.7×-1.5×	18.2×+1.0×
Per Share
Book value per share	$181.88-6.6%	$194.68-4.9%	$204.64-4.4%	$214.15+1.9%	$210.15+2.9%
Valuation
Market capitalization	$80.75B-14.8%	$94.76B-9.9%	$105.12B-17.4%	$127.2B-6.3%	$135.68B-8.0%
Enterprise value	$79.72B-21.9%	$102.13B-13.1%	$117.58B-17.3%	$142.16B-3.7%	$147.6B-5.6%
Price / sales	0.4×-0.1×	0.5×-0.1×	0.6×-0.2×	0.8×-0.1×	0.8×-0.1×
Price / book	3.6×-0.3×	3.9×-0.1×	4.1×-0.6×	4.7×-0.3×	5×-0.5×
EV / sales	0.4×-0.1×	0.6×-0.1×	0.7×-0.2×	0.9×-0.1×	0.9×-0.1×
Free cash flow yield	88.7%+39.2pp	49.5%+23.0pp	26.5%+18.5pp	8%-2.4pp	10.4%-1.3pp
Earnings yield	-95.6%-51.5pp	-44.1%-43.8pp	-0.3%-37.9pp	37.7%-0.3pp	38%+5.0pp

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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.