Centene (CNC) EBITDA Margin (2009 - 2026)
Centene's EBITDA Margin was 2.80% in Q2 2026, up 3.09 percentage points from -0.29% a year earlier but down 1.53 percentage points from the prior quarter.
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Analysis
Centene (CNC) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Centene's EBITDA Margin was -2.17% through Jun 30, 2026, down 3.95 percentage points year-over-year; for FY2025, it was -3.26%, down 5.97 percentage points from FY2024.
- EBITDA Margin shows a five-year change of -7.17 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 2.71% in FY2024 (-0.03 pp), 2.74% in FY2023 (+0.84 pp), 1.90% in FY2022 (-0.57 pp) and 2.48% in FY2021 (-1.43 pp).
- Quarterly EBITDA Margin has moved between -13.36% (Q3 2025) and 4.42% (Q1 2022) over five years.
- Compared with a year earlier, EBITDA Margin was higher in four of the last eight quarters, with an average year-over-year change of -2.44 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2023 (a gain of 3.42 percentage points); the worst was Q3 2025 (a drop of 15.68 percentage points).
- Per Business Quant data, CNC's EBITDA Margin in the three quarters before Q2 2026 was 4.33% (Q1 2026), -2.85% (Q4 2025) and -13.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 8.06% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 5.49% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 1.44% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | -68.79% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 4.65% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 1.65% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.52% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 3.79% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 2.80% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 1.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.80% |
| Mar 31, 2026 | 4.33% |
| Dec 31, 2025 | -2.85% |
| Sep 30, 2025 | -13.36% |
| Jun 30, 2025 | -0.29% |
| Mar 31, 2025 | 3.96% |
| Dec 31, 2024 | 1.20% |
| Sep 30, 2024 | 2.33% |
| Jun 30, 2024 | 3.85% |
| Mar 31, 2024 | 3.50% |
| Dec 31, 2023 | 0.31% |
| Sep 30, 2023 | 2.79% |
| Jun 30, 2023 | 3.98% |
| Mar 31, 2023 | 3.97% |
| Dec 31, 2022 | 0.19% |
| Sep 30, 2022 | 2.33% |
| Jun 30, 2022 | 0.55% |
| Mar 31, 2022 | 4.42% |
| Dec 31, 2021 | 2.58% |
| Sep 30, 2021 | 2.86% |
API Access
Centene EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();