SequelSEC

CENTENE CORP CNC

Hospital & Medical Service Plans · CIK 0001071739 · Fiscal year ends 1231 · Insurer

AnnualQuarterlyTTM
Revenue
$194.78B
Fiscal year ended 2025-12-31
Net income
-$6.67B
Fiscal year ended 2025-12-31
Total assets
$76.75B
Fiscal year ended 2025-12-31

CENTENE CORP (CNC) reported revenue of $194.78B and net income of -$6.67B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from CENTENE CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Hospital & Medical Service Plans.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

CENTENE CORP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$194.78B$163.07B$154.00B$144.55B$125.98B$111.12B$74.64B$60.12B$48.38B$40.61B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailable$3.30B$2.46B$2.39B$1.85B$1.86B
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailable$107.81B$72.17B$57.73B$46.54B$38.74B
Operating income-$7.62B$3.18B$2.93B$1.32B$1.78B$3.08B$1.78B$1.46B$1.20B$1.26B
Net income-$6.67B$3.30B$2.70B$1.20B$1.35B$1.81B$1.32B$900.00M$828.00M$562.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 493.12Mshares 523.74Mshares 545.70Mshares 582.04Mshares 590.52Mshares 579.14Mshares 420.41Mshares 398.51Mshares 353.40Mshares 327.95M
Pretax income-$6.73B$4.26B$3.60B$1.96B$1.81B$2.77B$1.78B$1.37B$1.13B$1.16B
Income tax expense-$51.00M$963.00M$899.00M$760.00M$477.00M$979.00M$473.00M$474.00M$326.00M$599.00M
Diluted EPS$-13.53$6.31$4.95$2.07$2.28$3.12$3.14$2.26$2.34$1.71
Selling, general & administrative$12.90B$12.40B$12.56B$11.59B$9.60B$9.38B$6.53B$6.04B$4.45B$3.67B
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

CENTENE CORP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$17.89B$14.06B$17.19B$12.07B$13.12B$10.80B$12.12B$5.34B$4.07B$3.93B
Total assets$76.75B$82.44B$84.64B$76.87B$78.38B$68.72B$40.99B$30.90B$21.86B$20.20B
Current assets$40.37B$38.00B$40.76B$30.13B$28.50B$23.39B$20.32B$12.00B$8.70B$8.36B
Total liabilities$56.69B$55.94B$58.68B$52.63B$51.35B$42.76B$28.30B$19.88B$14.98B$14.14B
Current liabilities$36.72B$34.26B$36.72B$28.46B$25.76B$21.58B$12.93B$11.97B$9.33B$8.62B
Total equity incl. NCI$20.03B$26.50B$25.94B$24.18B$26.94B$25.88B$12.66B$11.01B$6.86B$5.91B
Temporary (mezzanine) equity$23.00M$10.00M$19.00M$56.00M$82.00M$77.00M$33.00M$10.00M$12.00M$145.00M
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$10.84B$17.56B$17.56B$18.81B$19.77B$18.65B$6.86B$7.02B$4.75B$4.71B
Long-term debt$17.35B$18.42B$17.71B$17.94B$18.57B$16.68B$13.64B$6.65B$4.70B$4.65B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

CENTENE CORP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$5.09B$154.00M$8.05B$6.26B$4.20B$5.50B$1.48B$1.23B$1.49B$1.85B
Capital expenditures$767.00M$644.00M$799.00M$1.00B$910.00M$869.00M$730.00M$675.00M$422.00M$306.00M
Investing cash flow$472.00M-$1.05B-$1.19B-$2.92B-$3.30B-$6.96B-$1.53B-$4.58B-$1.25B-$2.47B
Financing cash flow-$1.62B-$2.41B-$1.66B-$4.20B$1.36B$260.00M$6.83B$4.61B-$82.00M$2.72B
Net change in cash$3.94B-$3.30B$5.17B-$868.00M$2.26B-$1.17B$6.78B$1.26B$153.00M$2.10B
Stock-based compensation$204.00M$212.00M$216.00M$234.00M$203.00M$281.00M$177.00M$145.00M$135.00M$148.00M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$475.00M$3.12B$1.63B$3.10B$297.00M$626.00M$75.00M$71.00M$65.00M$63.00M
Depreciation & amortization$1.28B$1.24B$1.29B$1.43B$1.34B$1.26B$643.00M$495.00M$361.00M$278.00M

Derived

CENTENE CORP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow$4.32B-$490.00M$7.25B$5.26B$3.30B$4.63B$753.00M$559.00M$1.07B$1.54B
Gross margin7.3%10.5%11.5%11.7%11.5%97.0%96.7%96.0%96.2%95.4%
Operating margin-3.9%1.9%1.9%0.9%1.4%2.8%2.4%2.4%2.5%3.1%
FCF margin2.2%-0.3%4.7%3.6%2.6%4.2%1.0%0.9%2.2%3.8%
SBC / revenue0.1%0.1%0.1%0.2%0.2%0.3%0.2%0.2%0.3%0.4%
Current ratio1.10x1.11x1.11x1.06x1.11x1.08x1.57x1.00x0.93x0.97x
Revenue YoY growth19.4%5.9%6.5%14.7%13.4%48.9%24.2%24.3%19.1%Unavailable
Net margin-3.4%2.0%1.8%0.8%1.1%1.6%1.8%1.5%1.7%1.4%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue0.4%0.4%0.5%0.7%0.7%0.8%1.0%1.1%0.9%0.8%
Long-term debt / equity0.87xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailable22.6%25.0%38.7%26.3%35.3%26.5%34.6%28.7%51.6%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CNC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-28View SEC filing
10-Q · Filed 2026-04-28View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-07-25View SEC filing
10-Q · Filed 2025-04-25View SEC filing

Companies in the same industry

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Reconciliation checks needing review

5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2025-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2023-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2022-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2021-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.