CENTENE CORPORATION

CNCCIK 000107173918 fiscal yearsInsurance lens ↓

RevenueFY2025

$194.78B19.4%

Net incomeFY2025

−$6.67B301.9%

Free cash flowFY2025

$4.32B981.8%

Diluted EPSFY2025

$-13.53314.4%

Trends

FY2008–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 57.9× since FY2008 · net margin 2.5% → -3.4%

MarginsNet marginFCF margin

FY2025: net -3.4% · free cash flow 2.2% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $5.09B operating cash − $767.0M capex = $4.32B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 14% (FY2009) → -33% (FY2025) · on assets -8.7%

Balance sheetLiabilitiesEquity

FY2025: $76.75B assets · $56.69B liabilities · $19.95B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	194,777	163,071	153,999	144,547	125,982	111,115	74,639	60,116	48,382	40,607	22,760	16,560
Net income	(6,674)	3,305	2,702	1,202	1,347	1,808	1,321	900	828	562	355	271
Diluted EPS	(13.53)	6.31	4.95	2.07	2.28	3.12	3.14	2.26	2.34	1.71	2.88	2.25
Diluted shares	493	524	546	582	591	579	420	399	353	328	123	120
Operating cash flow	5,088	154	8,053	6,261	4,205	5,503	1,483	1,234	1,489	1,851	658	1,223
Capital expenditures	767	644	799	1,004	910	869	730	675	422	306	150	103
Free cash flow	4,321	(490)	7,254	5,257	3,295	4,634	753	559	1,067	1,545	508	1,120
Cash & equivalents	17,888	14,063	17,193	12,074	13,118	10,800	12,123	5,342	4,072	3,930	1,760	1,610
Total assets	76,747	82,445	84,641	76,870	78,375	68,719	40,994	30,901	21,855	20,197	7,339	5,824
Total liabilities	56,691	55,935	58,685	52,633	51,353	42,757	28,302	19,878	14,979	14,143	5,015	3,933
Shareholders' equity	19,953	26,410	25,840	24,057	26,795	25,773	12,551	10,917	6,850	5,895	2,157	1,744

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology

Insurance lens

Metrics specific to insurers. Annual figures, in USD millions; ratios in percent.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Premiums earned	—	—	—	—	43,353	35,399	19,389	14,198	10,153	7,569	4,948	4,192
Policyholder benefits & claims	157,702	125,707	118,894	111,529	—	—	—	—	—	—	—	—

Premiums earned and policyholder benefits are as reported. Brokers such as Aon and Marsh McLennan earn fees, not premiums, so those rows are blank for them. The loss ratio (benefits ÷ premiums earned) is computed by stonks for full fiscal years only.