FirmAtlas
Company handbook · CNC · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CNC · CIK 1071739 · LATEST FILING: 10-Q JUN '26 · FILED JUL 28, 2026
Centene Corporation
$69.16
−1.35 (−1.91%)
Close, Oct 16, 2026 · 52-week $32–71
Last fiscal year
Centene Corporation reported revenue of $174.6B for the year ended Dec 31, 2025 (FY25), up 20.0% from FY24. Net loss was $6.7B. Source: 10-K filed Feb 17, 2026.
Market cap
$34.0B
P/B
1.5
Op. ROE
−28.8%
Revenue 1Y
20.0%/yr
EPS 1Y
n/m
Shares 1Y
−0.8%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSarah M. London
HQSt Louis, MO
AuditorKPMG LLP
Employees61,100
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
8.7%
1.1%
−0.9%
94.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY16).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
82,445
76,747−6.9%
83,012
Cash & short-term investments
16,778
20,389+21.5%
—
Other assets
65,667
56,358−14.2%
—
Total liabilities
56,035
56,794+1.4%
60,450
Loss & LAE reserves
18,308
20,544+12.2%
—
Other liabilities
37,727
36,250−3.9%
—
Shareholders’ equity
26,410
19,953−24.4%
22,562
Shares outstanding (M)
496
492−0.8%
—
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
154
5,088+3203.9%
9,749
Net income
3,294
(6,677)−302.7%
—
Depreciation & amortization
1,241
1,275+2.7%
—
Stock-based compensation
212
204−3.8%
—
Working capital & other
(4,593)
10,286n/m
—
Cash from investing
(1,052)
472n/m
—
Capex
(644)
(767)n/m
—
Acquisitions
0
—
—
Investments bought
(7,183)
(4,541)n/m
—
Investments sold / matured
5,785
5,780−0.1%
—
Other investing
990
0−100.0%
—
Cash from financing
(2,406)
(1,621)n/m
—
Debt raised
1,300
750−42.3%
—
Debt repaid
(622)
(1,895)n/m
—
Buybacks
(3,124)
(475)n/m
—
Shares issued
46
37−19.6%
—
Other financing
(6)
(38)n/m
—
Net change in cash
(3,296)
3,939n/m
—
Free cash flow (OCF − capex)
(490)
4,321n/m
8,951
Where the earnings went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
44,898
44,727
44,655
44,375
vs year-ago quarter
Gross profit
3,345
2,558
5,650
4,617
Gross margin
7.5%
5.7%
12.7%
10.4%
Operating income
(6,954)
(1,745)
1,861
1,198
Net income
(6,631)
(1,101)
1,541
1,091
vs year-ago quarter
Net margin
−14.8%
−2.5%
3.5%
2.5%
EPS (diluted, $)
−13.50
−2.24
3.11
2.19
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
82,087
76,747
81,175
83,012
Cash & equivalents
17,185
20,389
21,353
24,254
Total debt
17,583
17,401
16,371
16,105
Shareholders’ equity
20,948
19,953
21,427
22,562
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,356
437
4,366
3,590
Capex
211
213
200
174
Free cash flow
1,145
224
4,166
3,416
vs year-ago quarter