Centene (CNC) EBT Margin (2009 - 2026)
Centene's EBT Margin came in at 2.77% for Q2 2026, up 3.30 percentage points from -0.53% a year earlier but down 1.43 percentage points from the prior quarter.
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Analysis
Centene (CNC) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Centene reported EBT Margin of -2.28%, down 3.83 percentage points year-over-year; for FY2025, it was -3.45%, down 6.06 percentage points from FY2024.
- EBT Margin carries a five-year change of -5.95 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 2.61% in FY2024 (+0.27 pp), 2.34% in FY2023 (+0.98 pp), 1.36% in FY2022 (-0.08 pp) and 1.44% in FY2021 (-1.06 pp).
- The five-year range for quarterly EBT Margin is -13.43% (Q3 2025) to 4.20% (Q1 2026).
- Year-over-year, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of -2.39 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q2 2023 (a gain of 4.42 percentage points), and the weakest in Q3 2025 (a drop of 15.62 percentage points).
- Business Quant data shows CNC's EBT Margin at 4.20% (Q1 2026), -3.10% (Q4 2025) and -13.43% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 6.22% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 3.75% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 1.24% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 3.84% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 3.15% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 1.18% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 0.87% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 2.33% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 2.77% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 0.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.77% |
| Mar 31, 2026 | 4.20% |
| Dec 31, 2025 | -3.10% |
| Sep 30, 2025 | -13.43% |
| Jun 30, 2025 | -0.53% |
| Mar 31, 2025 | 3.75% |
| Dec 31, 2024 | 0.85% |
| Sep 30, 2024 | 2.19% |
| Jun 30, 2024 | 3.81% |
| Mar 31, 2024 | 3.65% |
| Dec 31, 2023 | 0.06% |
| Sep 30, 2023 | 2.02% |
| Jun 30, 2023 | 3.76% |
| Mar 31, 2023 | 3.58% |
| Dec 31, 2022 | 0.12% |
| Sep 30, 2022 | 2.81% |
| Jun 30, 2022 | -0.66% |
| Mar 31, 2022 | 3.09% |
| Dec 31, 2021 | 2.13% |
| Sep 30, 2021 | 2.22% |
API Access
Centene EBT 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=ebt-margin&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();