vs
Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and Centene Corporation (CNC). Click either name above to swap in a different company.
Centene Corporation is the larger business by last-quarter revenue ($44.7B vs $38.8B, roughly 1.2× Alibaba Group Holding Ltd). Alibaba Group Holding Ltd runs the higher net margin — 5.8% vs -2.5%, a 8.2% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
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.
BABA vs CNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $44.7B |
| Net Profit | $2.2B | $-1.1B |
| Gross Margin | 40.2% | 5.7% |
| Operating Margin | 6.6% | -3.9% |
| Net Margin | 5.8% | -2.5% |
| Revenue YoY | — | 23.2% |
| Net Profit YoY | — | -489.0% |
| EPS (diluted) | $6.64 | $-2.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $38.8B | $44.7B | ||
| Q3 25 | $34.2B | $44.9B | ||
| Q2 25 | $32.6B | $42.5B | ||
| Q1 25 | — | $42.5B | ||
| Q4 24 | $38.7B | $36.3B | ||
| Q3 24 | — | $36.9B | ||
| Q2 24 | — | $36.0B | ||
| Q1 24 | — | $36.3B |
| Q4 25 | $2.2B | $-1.1B | ||
| Q3 25 | $2.9B | $-6.6B | ||
| Q2 25 | $1.7B | $-253.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $6.8B | $283.0M | ||
| Q3 24 | — | $713.0M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | 40.2% | 5.7% | ||
| Q3 25 | 39.2% | 7.5% | ||
| Q2 25 | 38.4% | 7.1% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | 42.0% | 10.5% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 6.6% | -3.9% | ||
| Q3 25 | 2.2% | -15.5% | ||
| Q2 25 | 12.0% | -1.1% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | 14.7% | 0.5% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 5.8% | -2.5% | ||
| Q3 25 | 8.5% | -14.8% | ||
| Q2 25 | 5.3% | -0.6% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 17.5% | 0.8% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | $6.64 | $-2.15 | ||
| Q3 25 | $8.72 | $-13.50 | ||
| Q2 25 | $5.20 | $-0.51 | ||
| Q1 25 | — | $2.63 | ||
| Q4 24 | $20.40 | $0.63 | ||
| Q3 24 | — | $1.36 | ||
| Q2 24 | — | $2.16 | ||
| Q1 24 | — | $2.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $20.3B |
| Total DebtLower is stronger | — | $17.5B |
| Stockholders' EquityBook value | $148.7B | $20.0B |
| Total Assets | $268.6B | $76.7B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3B | $20.3B | ||
| Q3 25 | $19.0B | $19.2B | ||
| Q2 25 | $20.0B | $17.3B | ||
| Q1 25 | — | $17.3B | ||
| Q4 24 | $22.3B | $16.7B | ||
| Q3 24 | — | $17.6B | ||
| Q2 24 | — | $20.2B | ||
| Q1 24 | — | $19.7B |
| Q4 25 | — | $17.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $18.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $148.7B | $20.0B | ||
| Q3 25 | $145.0B | $20.9B | ||
| Q2 25 | $139.2B | $27.4B | ||
| Q1 25 | — | $27.9B | ||
| Q4 24 | $137.2B | $26.4B | ||
| Q3 24 | — | $27.3B | ||
| Q2 24 | — | $27.4B | ||
| Q1 24 | — | $27.0B |
| Q4 25 | $268.6B | $76.7B | ||
| Q3 25 | $264.6B | $82.1B | ||
| Q2 25 | $248.6B | $86.4B | ||
| Q1 25 | — | $87.0B | ||
| Q4 24 | $254.1B | $82.4B | ||
| Q3 24 | — | $82.4B | ||
| Q2 24 | — | $83.1B | ||
| Q1 24 | — | $82.6B |
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $437.0M |
| Free Cash FlowOCF − Capex | — | $224.0M |
| FCF MarginFCF / Revenue | — | 0.5% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 2.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $437.0M | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $3.8B | $1.8B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $9.7B | $-587.0M | ||
| Q3 24 | — | $-978.0M | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $-456.0M |
| Q4 25 | — | $224.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $-741.0M | ||
| Q3 24 | — | $-1.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $-607.0M |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | -3.1% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | -1.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | 2.31× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 1.43× | -2.07× | ||
| Q3 24 | — | -1.37× | ||
| Q2 24 | — | 1.90× | ||
| Q1 24 | — | -0.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
CNC
| Total Premium And Service | $23.0B | 52% |
| Commercial Segment | $10.8B | 24% |
| Medicare Segment | $9.6B | 21% |
| Services | $749.0M | 2% |
