Centene Corporation (CNC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CNC Revenue Growth
Revenue Breakdown (FY 2025)
CNC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CNC Revenue Analysis (2014–2025)
As of May 6, 2026, Centene Corporation (CNC) generated trailing twelve-month (TTM) revenue of $198.10 billion, reflecting solid growth of +7.1% year-over-year. The most recent quarter (Q1 2026) recorded $49.94 billion in revenue, up 0.4% sequentially.
Looking at the longer-term picture, CNC's 5-year compound annual growth rate (CAGR) stands at +11.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $194.78 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CNC's business is primarily driven by Medicaid Segment (76%), Commercial Segment (22%), and Other Operating Segment (3%). With over half of revenue concentrated in Medicaid Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including MOH (+7.7% YoY), UNH (+9.7% YoY), and ELV (+9.4% YoY), CNC has underperformed the peer group in terms of revenue growth. Compare CNC vs MOH →
CNC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CNCCurrent | $198.1B | +7.1% | +11.9% | -3.9% | |
 MOH | $45.4B | +7.7% | +18.5% | 1.7% | |
 UNH | $447.6B | +9.7% | +11.7% | 4.2% | |
 ELV | $199.1B | +9.4% | +10.3% | 4.1% | |
 HUM | $129.7B | +14.1% | +10.9% | 1.1% | |
 CVS | $402.1B | +7.8% | +8.4% | 2.6% |
CNC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $194.78B | +19.4% | $23.83B | 12.2% | $-7,618,375,000 | -3.9% |
| 2024 | $163.07B | +5.9% | $16.83B | 10.3% | $3.17B | 1.9% |
| 2023 | $154.00B | +6.5% | $17.32B | 11.2% | $2.93B | 1.9% |
| 2022 | $144.55B | +14.7% | $16.66B | 11.5% | $1.32B | 0.9% |
| 2021 | $125.98B | +13.4% | $14.20B | 11.3% | $1.78B | 1.4% |
| 2020 | $111.11B | +48.9% | $15.22B | 13.7% | $3.08B | 2.8% |
| 2019 | $74.64B | +24.2% | $8.84B | 11.8% | $1.78B | 2.4% |
| 2018 | $60.12B | +24.3% | $8.42B | 14.0% | $1.46B | 2.4% |
| 2017 | $48.38B | +19.1% | $5.80B | 12.0% | $1.20B | 2.5% |
| 2016 | $40.61B | +78.4% | $5.54B | 13.7% | $1.26B | 3.1% |
Full CNC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See CNC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CNC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CNC vs DBVT
Side-by-side business, growth, and profitability comparison vs DBV Technologies S.A..
Start ComparisonCNC — Frequently Asked Questions
Quick answers to the most common questions about buying CNC stock.
Is CNC's revenue growth accelerating or slowing?
CNC maintains +7.1% revenue growth, in line with its 5-year CAGR of +11.9%. TTM revenue stands at $198.1B. Growth rate remains consistent with historical average.
What is CNC's long-term revenue growth rate?
Centene Corporation's 5-year revenue CAGR of +11.9% reflects the sustained expansion pattern. Current YoY growth of +7.1% is near this long-term average.
How is CNC's revenue distributed by segment?
CNC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.