Centene CorporationCNCEarnings & Financial Report
Centene Corporation is an American for-profit healthcare company based in the Greater St. Louis area, which is an intermediary for government-sponsored and privately insured healthcare programs. Centene ranked No. 23 on the 2025 Fortune 500.
CNC Q4 2025 Key Financial Metrics
Revenue
$44.7B
Gross Profit
$2.6B
Operating Profit
$-1.7B
Net Profit
$-1.1B
Gross Margin
5.7%
Operating Margin
-3.9%
Net Margin
-2.5%
YoY Growth
23.2%
EPS
$-2.15
Financial Flow
Centene Corporation Q4 2025 Financial Summary
Centene Corporation reported revenue of $44.7B for Q4 2025, with a net profit of $-1.1B (-2.5% margin). Cost of goods sold was $42.2B, operating expenses totaled $4.3B.
Key Financial Metrics
| Total Revenue | $44.7B |
|---|---|
| Net Profit | $-1.1B |
| Gross Margin | 5.7% |
| Operating Margin | -3.9% |
| Report Period | Q4 2025 |
Centene Corporation Annual Revenue by Year
Centene Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $174.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $174.6B |
| 2024 | $145.5B |
| 2023 | $140.1B |
| 2022 | $135.5B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.34B | $35.97B | $36.90B | $36.30B | $42.49B | $42.47B | $44.90B | $44.73B |
| YoY Growth | 4.0% | 3.3% | 5.5% | 2.7% | 16.9% | 18.1% | 21.7% | 23.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $82.62B | $83.14B | $82.35B | $82.44B | $87.04B | $86.39B | $82.09B | $76.75B |
| Liabilities | $55.56B | $55.68B | $54.94B | $55.94B | $59.02B | $58.89B | $61.03B | $56.69B |
| Equity | $26.96B | $27.35B | $27.31B | $26.41B | $27.92B | $27.41B | $20.95B | $19.95B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-456.0M | $2.17B | $-978.0M | $-587.0M | $1.51B | $1.78B | $1.36B | $437.0M |
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