Centene Corporation (CNC) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Centene is a managed care organization that focuses on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 20 million medical members a...
Centene Corporation's revenue increased 19.4% year over year, from $163.07B to $194.78B.
Net income decreased 301.9% over the same period, from $3.31B to $-6.67B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 380% in total.
Total debt decreased by 5.8% to $17.35B.
The debt-to-equity ratio stands at 0.87, indicating a moderate leverage profile.
Operating cash flow grew 3203.9% to $5.09B.
Centene Corporation maintains a negative net profit margin of -3.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $42.02B+5.5% | $713.0M | $41.33B | $665.0M | $-978.0M | $82.35B | $17.49B | $27.31B |
| Q4 FY2024 | $40.80B-2.9% | $283.0M | $40.12B | $175.0M | $-587.0M | $82.44B | $18.42B | $26.41B |
| Q1 FY2025 | $46.62B+14.3% | $1.31B | $45.92B | $1.53B | $1.51B | $87.04B | $18.31B | $27.92B |
| Q2 FY2025 | $48.74B+4.6% | $-253.0M | $48.10B | $-458.0M | $1.78B | $86.39B | $17.55B | $27.41B |
| Q3 FY2025 | $49.69B+1.9% | $-6.63B | $49.04B | $1.07B | $1.36B | $82.09B | $17.55B | $20.95B |
| Q4 FY2025 | $49.73B+0.1% | $-1.10B | $49.05B | $-9.77B | $437.0M | $76.75B | $17.35B | $19.95B |
| Q1 FY2026 | $49.94B+0.4% | $1.54B | $49.24B | $1.86B | $4.37B | $81.17B | $16.37B | $21.53B |
| Q2 FY2026 | $53.58B+7.3% | $1.09B | $52.85B | $1.20B | $3.59B | $83.01B | $16.11B | $22.66B |
Balance Sheet Summary (Q2 FY2026)
Centene Corporation (CNC) Financial Statements & Revenue History
Centene Corporation (CNC) is a US-listed stock operating in the Financial Services sector, specifically the Hospital & Medical Service Plans industry trading at $69.40 with a market capitalization of $34. This page provides 42 historical financial statements for Centene Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Centene Corporation reported revenue of $194.8 billion, representing 19.4% year-over-year growth. The net profit margin of -3.4% indicates the company is currently unprofitable. The debt-to-equity ratio of 0.87 reflects moderate leverage.
CNC Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Centene Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether CNC is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track CNC's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Centene Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of CNC's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use CNC Financial Data
Investors use Centene Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare CNC's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how CNC's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View CNC's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Centene Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.CNC trades on NYSE. This page is for informational purposes only and is not financial advice.