Centene Corp (CNC) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Centene reported revenue of $194.78B, up 19.4% from $163.07B the year before. Net income was -$6.67B (a -3.4% net margin), or -$13.53 per diluted share. Gross margin was 7.3% and operating margin was -3.9%. Operating activities generated $5.09B of cash, leaving $4.32B of free cash flow. At fiscal year end, Centene held $76.75B in total assets against $56.69B in total liabilities, including $17.89B of cash and equivalents.
Open the full interactive Centene financials → Quarterly statements, key ratios, valuation history and price charts.
Centene Key Stats
| Share Price | $68.86 |
|---|---|
| Market Cap | $34.27B |
| Revenue YoY Growth | +19.4% |
| 52-Week Range | $31.80 – $69.41 |
| Shares Outstanding | 493.8 million (basic, 2026 Q2) |
Centene Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $111.11B | $125.98B | $144.55B | $154.00B | $163.07B | $194.78B |
| Cost of Goods Sold | $3.30B | $4.89B | $7.03B | $3.56B | $2.73B | $2.67B |
| Gross Profit | $107.81B | $121.09B | $137.51B | $17.64B | $17.07B | $14.21B |
| Operating Income | $3.08B | $1.78B | $1.32B | $2.93B | $3.17B | -$7.62B |
| Pre-Tax Income | $2.77B | $1.81B | $1.96B | $3.60B | $4.26B | -$6.73B |
| Income Tax | $979.0M | $477.0M | $760.0M | $899.0M | $963.0M | -$51.0M |
| Net Income | $1.81B | $1.35B | $1.20B | $2.70B | $3.31B | -$6.67B |
| Diluted EPS | $3.12 | $2.28 | $2.07 | $4.95 | $6.31 | -$13.53 |
Centene Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $49.69B | $49.73B | $49.94B | $53.58B |
| Net Income | -$6.63B | -$1.10B | $1.54B | $1.09B |
| Diluted EPS | -$13.50 | -$2.23 | $3.11 | $2.19 |
Centene Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.80B | $13.12B | $12.07B | $17.19B | $14.06B | $17.89B |
| Current Assets | $23.39B | $28.50B | $30.13B | $40.76B | $38.00B | $40.37B |
| Total Assets | $68.72B | $78.38B | $76.87B | $84.64B | $82.44B | $76.75B |
| Current Liabilities | $21.59B | $25.77B | $28.46B | $36.72B | $34.26B | $36.70B |
| Total Long-Term Debt | $16.78B | $18.84B | $18.02B | $17.83B | $18.53B | $17.40B |
| Total Liabilities | $42.76B | $51.35B | $52.63B | $58.69B | $55.94B | $56.69B |
| Shareholders' Equity | $25.77B | $26.80B | $24.06B | $25.84B | $26.41B | $19.95B |
Centene Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $5.50B | $4.21B | $6.26B | $8.05B | $154.0M | $5.09B |
| Cash From Investing | -$6.96B | -$3.30B | -$2.92B | -$1.19B | -$1.05B | $472.0M |
| Cash From Financing | $260.0M | $1.36B | -$4.20B | -$1.66B | -$2.41B | -$1.62B |
| Free Cash Flow | $4.63B | $3.29B | $5.26B | $7.25B | -$490.0M | $4.32B |
Figures from Centene's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Centene financials page for every line item.
Centene Company Profile
| Ticker | CNC |
|---|---|
| Exchange | NYSE |
| Industry | Hospital & Medical Service Plans |
| Headquarters | St Louis, Missouri |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001071739 |
Frequently Asked Questions
What was Centene's revenue in fiscal 2025?
Centene (CNC) reported revenue of $194.78B for fiscal 2025.
What is Centene's annual revenue history?
Centene's annual revenue by fiscal year: 2020: $111.11B; 2021: $125.98B; 2022: $144.55B; 2023: $154.00B; 2024: $163.07B; 2025: $194.78B.
What was Centene's net income in fiscal 2025?
Centene reported net income of -$6.67B for fiscal 2025.
What was Centene's earnings per share (EPS) in fiscal 2025?
Centene's diluted EPS was -$13.53 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Centene generate in fiscal 2025?
Centene generated $4.32B of free cash flow in fiscal 2025.
What was Centene's revenue last quarter?
In its most recent reported quarter (2026 Q2), Centene reported revenue of $53.58B.
How much debt does Centene have?
Centene reported $17.40B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Centene are outstanding?
Centene reported a weighted average of 493.8 million basic shares outstanding in 2026 Q2.
What is Centene's market cap?
Based on its latest closing price, Centene (CNC) has a market capitalization of about $34.27B.
When does Centene's fiscal year end?
Centene's fiscal year end, as registered with the SEC, is December 31.
Where is Centene headquartered?
Centene lists its business address in St Louis, Missouri in its SEC filings.