Centene CNC Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 98.7%+0.3pp | 98.6%+0.3pp | 98.6%+0.4pp | 98.5%+0.5pp | 98.4%+0.5pp | |
| Operating margin | -3.7%-5.8pp | -3.9%-5.9pp | -3.1%-4.9pp | 1.1%-0.9pp | 2.1%+0.2pp | |
| Net margin | -3.3%-5.3pp | -3.4%-5.5pp | -2.8%-4.7pp | 1.2%-0.6pp | 2%+0.3pp | |
| EBITDA margin | -3%-5.9pp | -3.3%-6.0pp | -2.4%-5.0pp | 1.8%-1.0pp | 2.9%+0.1pp | |
| Free cash flow margin | 3.6%+2.7pp | 2.2%+2.5pp | 1.8%+1.7pp | 0.6%-0.8pp | 0.9%-0.8pp | |
| Returns | ||||||
| Return on equity | -26.1%-38.7pp | -28.8%-41.4pp | -21.9%-33.6pp | 7.5%-3.1pp | 12.6%+2.1pp | |
| Return on assets | -7.7%-11.7pp | -8.4%-12.3pp | -6.4%-10.1pp | 2.4%-1.0pp | 4.1%+0.8pp | |
| Return on invested capital | -30.4%-39.8pp | -29.3%-37.6pp | -22%-30.2pp | 4.9%-3.0pp | 9.3%+1.7pp | |
| Efficiency | ||||||
| Asset turnover | 2.4×+0.4× | 2.4×+0.5× | 2.3×+0.3× | 2.1×+0.2× | 2×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×-0.1× | 1.1×-0.1× | |
| Quick ratio | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×-0.1× | 1.1×-0.1× | |
| Cash ratio | 0.5×+0.1× | 0.5×+0.1× | 0.4×0.0× | 0.4×-0.1× | 0.4×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.8×+0.1× | 0.9×+0.2× | 0.8×+0.2× | 0.6×0.0× | 0.7×0.0× | |
| 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×-16.0× | -11.2×-15.8× | -8.4×-12.6× | 2.8×-1.5× | 5.2×+1.0× | |
| Per Share | ||||||
| Book value per share | $43.24-22.8% | $40.46-19.8% | $42.65-18.2% | $55.53+7.8% | $56.04+11.8% | |
| Valuation | ||||||
| Market capitalization | $16.1B-46.5% | $20.23B-33.9% | $17.52B-55.7% | $26.9B-24.0% | $30.12B-28.3% | |
| Enterprise value | $11.21B-66.7% | $20.5B-43.0% | $18.05B-57.7% | $29.96B-15.4% | $33.62B-20.7% | |
| Price / sales | 0.1×-0.1× | 0.1×-0.1× | 0.1×-0.2× | 0.2×-0.1× | 0.2×-0.1× | |
| Price / book | 0.8×-0.3× | 1×-0.1× | 0.8×-0.6× | 1×-0.3× | 1.1×-0.5× | |
| EV / sales | 0.1×-0.1× | 0.1×-0.1× | 0.1×-0.2× | 0.2×-0.1× | 0.2×-0.1× | |
| Free cash flow yield | 44.2%+39.2pp | 21.4%+23.0pp | 19.2%+18.5pp | 4%-2.4pp | 5%-1.3pp | |
| Earnings yield | -40%-51.5pp | -33%-43.8pp | -30.2%-37.9pp | 7.6%-0.3pp | 11.5%+5.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
