Centene CNC Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 394.3%+1.5pp | 394%+1.7pp | 393.7%+2.1pp | 393.3%+2.4pp | 392.8%+3.1pp | |
| Operating margin | -9.6%-17.5pp | -3.8%-11.5pp | 2.1%-5.7pp | 7%— | 7.9%— | |
| Net margin | -8.4%-16.1pp | -3.1%-10.6pp | 2.4%-4.8pp | 7.1%— | 7.8%— | |
| EBITDA margin | -6.9%-17.9pp | -1%-11.8pp | 5%-6.0pp | 10%-1.5pp | 10.9%-0.8pp | |
| Free cash flow margin | 8.2%+6.0pp | 5.5%+2.5pp | 3%-5.0pp | 1.3%— | 2.2%— | |
| Returns | ||||||
| Return on equity | -69.3%-117pp | -30.6%-76.1pp | 10.8%-32.8pp | 44.4%— | 47.5%— | |
| Return on assets | -20.1%-35.2pp | -8.3%-22.7pp | 4%-9.7pp | 14.1%— | 15.1%— | |
| Return on invested capital | -76.8%-111pp | -37.1%-69.1pp | 0.5%-30.9pp | 30.7%-0.3pp | 33.8%+4.1pp | |
| Efficiency | ||||||
| Asset turnover | 9.2×+1.4× | 8.8×+1.1× | 8.3×+0.7× | 8×+0.5× | 7.8×+0.4× | |
| Liquidity | ||||||
| Current ratio | 4.4×-0.1× | 4.4×-0.2× | 4.4×-0.2× | 4.4×-0.2× | 4.5×0.0× | |
| Quick ratio | 4.4×-0.1× | 4.4×-0.2× | 4.4×-0.2× | 4.4×-0.2× | 4.5×0.0× | |
| Cash ratio | 1.8×+0.1× | 1.7×-0.2× | 1.6×-0.3× | 1.6×-0.4× | 1.8×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 3.2×+0.5× | 3×+0.4× | 2.9×+0.2× | 2.7×-0.1× | 2.7×-0.3× | |
| Debt-to-assets | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×-0.1× | |
| Interest coverage | -27.7×-45.9× | -11.6×-28.8× | 4.1×-12.8× | 16.7×-0.7× | 18.2×+0.7× | |
| Per Share | ||||||
| Book value per share | $181.88-13.5% | $194.68-4.7% | $204.64+1.7% | $214.15+9.4% | $210.15+10.1% | |
| Valuation | ||||||
| Market capitalization | $80.75B-40.5% | $94.76B-35.8% | $105.12B-32.9% | $127.2B-17.6% | $135.68B-13.0% | |
| Enterprise value | $79.72B-46.0% | $102.13B-34.7% | $117.58B-27.3% | $142.16B-9.6% | $147.6B-9.5% | |
| Price / sales | 0.4×-0.4× | 0.5×-0.4× | 0.6×-0.4× | 0.8×-0.2× | 0.8×-0.2× | |
| Price / book | 3.6×-1.4× | 3.9×-1.5× | 4.1×-1.8× | 4.7×-1.2× | 5×-1.0× | |
| EV / sales | 0.4×-0.5× | 0.6×-0.4× | 0.7×-0.3× | 0.9×-0.2× | 0.9×-0.2× | |
| Free cash flow yield | 88.7%+78.3pp | 49.5%+37.8pp | 26.5%-5.1pp | 8%— | 10.4%— | |
| Earnings yield | -95.6%-134pp | -44.1%-77.1pp | -0.3%-29.3pp | 37.7%— | 38%— |
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.
