Centene Corp. (CNC) quarterly income statement — complete revenue, gross profit & net income history
Centene Corp. (CNC) annual income statement — 26-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 44.38B | 49.94B | 49.73B | 49.69B | 48.74B | 46.62B | 40.8B | 42.02B | 39.84B | 40.41B | 39.46B | 38.04B | 37.61B | 38.89B | 35.56B | 35.87B | 35.94B | 37.19B | 32.57B | 32.41B |
| Revenue Growth % | -8.96% | 7.13% | 21.86% | 18.24% | 22.36% | 15.38% | 3.41% | 10.46% | 5.92% | 3.9% | 10.96% | 6.07% | 4.65% | 4.58% | 9.19% | 10.67% | 15.83% | 24.02% | 15.13% | 11.4% |
| Medical Costs & Claims | 39.76B | 39.01B | 42.18B | 41.55B | 45.8B | 41.42B | 37.09B | 37.99B | 35.41B | 35.76B | 35.8B | 33.49B | 33.08B | 34.31B | 31.71B | 31.89B | 31.45B | 32.83B | 28.93B | 28.75B |
| Medical Cost Ratio % | 89.6% | 78.1% | 84.82% | 83.62% | 93.95% | 88.84% | 90.88% | 90.4% | 88.88% | 88.5% | 90.72% | 88.04% | 87.95% | 88.24% | 89.18% | 88.93% | 87.52% | 88.29% | 88.84% | 88.72% |
| Gross Profit | 4.62B | 10.94B | 7.55B | 8.14B | 2.95B | 5.2B | 3.72B | 4.04B | 4.43B | 4.64B | 3.66B | 4.55B | 4.53B | 4.57B | 3.85B | 3.97B | 4.48B | 4.35B | 3.63B | 3.66B |
| Gross Margin % | 10.4% | 21.9% | 15.18% | 16.38% | 6.05% | 11.16% | 9.12% | 9.6% | 11.12% | 11.5% | 9.28% | 11.96% | 12.05% | 11.76% | 10.82% | 11.07% | 12.48% | 11.71% | 11.16% | 11.28% |
| Gross Profit Growth % | 56.67% | 110.28% | 102.89% | 101.66% | -33.46% | 11.99% | 1.64% | -11.34% | -2.23% | 1.55% | -4.86% | 14.58% | 1.03% | 5.08% | 5.86% | 8.64% | 36.17% | 20.38% | 9.99% | -6.45% |
| Operating Expenses | 3.24B | 9.08B | 9.29B | 15.09B | 3.4B | 3.67B | 3.54B | 3.37B | 3.2B | 3.54B | 3.85B | 3.82B | 3.36B | 3.36B | 4.13B | 3.5B | 4.61B | 3.1B | 3.03B | 3.11B |
| OpEx / Revenue % | 7.31% | 18.18% | 18.68% | 30.37% | 6.99% | 7.87% | 8.69% | 8.02% | 8.03% | 8.76% | 9.77% | 10.03% | 8.93% | 8.63% | 11.61% | 9.75% | 12.84% | 8.34% | 9.31% | 9.6% |
| Depreciation & Amortization | 139M | 300M | 329M | 316M | 315M | 315M | 314M | 313M | 306M | 308M | 315M | 328M | 325M | 325M | 375M | 361M | 363M | 390M | 378M | 381M |
| Combined Ratio % | 96.9% | 96.27% | 103.5% | 113.99% | 100.94% | 96.71% | 99.57% | 98.42% | 96.91% | 97.26% | 100.49% | 98.07% | 96.89% | 96.87% | 100.79% | 98.67% | 100.36% | 96.63% | 98.15% | 98.32% |
| Operating Income | 1.38B | 1.86B | -1.74B | -6.95B | -458M | 1.53B | 175M | 665M | 1.23B | 1.11B | -194M | 735M | 1.17B | 1.22B | -282M | 476M | -129M | 1.25B | 603M | 545M |
| Operating Margin % | 3.1% | 3.73% | -3.5% | -13.99% | -0.94% | 3.29% | 0.43% | 1.58% | 3.09% | 2.74% | -0.49% | 1.93% | 3.11% | 3.13% | -0.79% | 1.33% | -0.36% | 3.37% | 1.85% | 1.68% |
| Operating Income Growth % | 400.22% | 21.32% | -1094.5% | -1145.71% | -137.27% | 38.7% | 190.21% | -9.52% | 4.95% | -9.2% | 31.21% | 54.41% | 1007.75% | -2.79% | -146.77% | -12.66% | 69.14% | 18.88% | 3920% | -36.7% |
| EBITDA | 1.51B | 2.16B | -1.41B | -6.64B | -143M | 1.85B | 489M | 978M | 1.53B | 1.41B | 121M | 1.06B | 1.5B | 1.54B | 93M | 837M | 234M | 1.64B | 981M | 926M |
| EBITDA Margin % | 3.41% | 4.33% | -2.84% | -13.36% | -0.29% | 3.97% | 1.2% | 2.33% | 3.85% | 3.5% | 0.31% | 2.79% | 3.98% | 3.97% | 0.26% | 2.33% | 0.65% | 4.42% | 3.01% | 2.86% |
| Interest Expense | 153M | 164M | 168M | 170M | 170M | 170M | 172M | 176M | 176M | 178M | 183M | 181M | 181M | 180M | 174M | 169M | 162M | 160M | 162M | 170M |
| Non-Operating Income | -264M | -402M | -365.41M | -450M | -371M | -382M | -344M | -432M | -463M | -545M | -401M | -214M | -425M | -353M | -497M | -702M | -55M | -55M | -253M | -345M |
| Pretax Income | 1.49B | 2.1B | -1.54B | -6.67B | -257M | 1.75B | 347M | 921M | 1.52B | 1.47B | 24M | 768M | 1.42B | 1.39B | 41M | 1.01B | -236M | 1.15B | 694M | 720M |
| Pretax Margin % | 3.35% | 4.2% | -3.1% | -13.43% | -0.53% | 3.75% | 0.85% | 2.19% | 3.81% | 3.65% | 0.06% | 2.02% | 3.76% | 3.58% | 0.12% | 2.81% | -0.66% | 3.09% | 2.13% | 2.22% |
| Income Tax | 399M | 560M | -442.96M | -42M | 2M | 432M | 67M | 211M | 370M | 315M | -15M | 293M | 360M | 261M | 260M | 269M | -65M | 296M | 101M | 139M |
| Effective Tax Rate % | 26.85% | 26.68% | 28.71% | 0.63% | -0.78% | 24.74% | 19.31% | 22.91% | 24.41% | 21.38% | -62.5% | 38.15% | 25.44% | 18.76% | 634.15% | 26.66% | 27.54% | 25.78% | 14.55% | 19.31% |
| Net Income | 1.09B | 1.54B | -1.1B | -6.63B | -253M | 1.31B | 283M | 713M | 1.15B | 1.16B | 45M | 469M | 1.06B | 1.13B | -213M | 738M | -172M | 849M | 599M | 584M |
| Net Margin % | 2.46% | 3.09% | -2.21% | -13.34% | -0.52% | 2.81% | 0.69% | 1.7% | 2.88% | 2.88% | 0.11% | 1.23% | 2.81% | 2.91% | -0.6% | 2.06% | -0.48% | 2.28% | 1.84% | 1.8% |
| Net Income Growth % | 531.23% | 17.54% | -488.69% | -1030.01% | -122.08% | 12.73% | 528.89% | 52.03% | 8.32% | 2.92% | 121.13% | -36.45% | 715.12% | 33.1% | -135.56% | 26.37% | 67.85% | 21.46% | 5091.67% | 2.82% |
| EPS (Diluted) | 2.19 | 3.11 | -2.24 | -13.50 | -0.51 | 2.63 | 0.56 | 1.36 | 2.16 | 2.16 | 0.08 | 0.87 | 1.92 | 2.04 | -0.39 | 1.27 | -0.29 | 1.44 | 1.01 | 0.99 |
| EPS Growth % | 529.41% | 18.25% | -500% | -1092.65% | -123.61% | 21.76% | 569.06% | 56.32% | 12.5% | 5.88% | 121.46% | -31.5% | 762.07% | 41.67% | -138.61% | 28.28% | 68.48% | 21.01% | 4979.23% | 2.06% |
| EPS (Basic) | 2.21 | 3.13 | -2.24 | -13.50 | -0.51 | 2.64 | 0.57 | 1.37 | 2.16 | 2.17 | 0.08 | 0.87 | 1.93 | 2.05 | -0.39 | 1.29 | -0.29 | 1.46 | 1.03 | 1.00 |
| Diluted Shares Outstanding | 497.64M | 495.59M | 491.07M | 491.14M | 493.55M | 498.18M | 501.98M | 523.54M | 530.75M | 538.06M | 537.61M | 541.27M | 550.31M | 553.85M | 559.93M | 580.61M | 583.64M | 590.66M | 591.76M | 590.7M |