Centene (CNC) Gross Margin (2009 - 2026)
Centene's (CNC) quarterly Gross Margin came in at 98.43% in Q1 2026, up 7673.0% year-on-year from 1.27% in Q1 2025, and up 139.67% quarter-over-quarter from 248.14% in Q4 2025.
Centene (CNC) Gross Margin (2009 - 2026) Analysis & Trends
Centene's Gross Margin history runs 18 years deep, the most recent figure standing at 98.43% for Q1 2026.
- On a quarterly basis, Gross Margin rose 7673.0% year-over-year to 98.43% in Q1 2026; TTM through Mar 2026 was 5.4%, a 13961.0% decrease from a year earlier, with the FY2025 full-year figure at 9.67%, down 8846.0% from the prior year.
- Gross Margin rose to 98.43% in Q1 2026 per CNC's latest filing, from 248.14% in the prior quarter.
- Across five years, Gross Margin topped out at 387.73% in Q4 2022 and bottomed at 248.14% in Q4 2025.
- The 5-year median for Gross Margin is 95.62% (2022), against an average of 76.72%.
- Across the five-year window, Gross Margin surged 29198 bps in 2022 and tumbled 59932 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 387.73% in 2022, then slumped by 75 bps to 96.24% in 2023, then surged by 265 bps to 351.18% in 2024, then plunged by 171 bps to 248.14% in 2025, then jumped by 140 bps to 98.43% in 2026.
- Per Business Quant, the three latest CNC Gross Margin figures stand at 98.43% (Q1 2026), 248.14% (Q4 2025), and 17.69% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 378.05 Bn | 346.83 Bn | 38.23 Bn | 34.22% |
| 2 | Cvs Health | 136.47 Bn | 124.66 Bn | 22.85 Bn | 67.61% |
| 3 | Elevance Health | 81.93 Bn | 45.98 Bn | 35.79 Bn | 86.70% |
| 4 | Cigna | 76.59 Bn | 68.73 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 45.95 Bn | 23.98 Bn | 5.94 Bn | 14.98% |
| 6 | Centene | 31.19 Bn | 7.45 Bn | 43.95 Bn | 98.43% |
| 7 | Molina Healthcare | 10.26 Bn | 1.34 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 8.47 Bn | 1.67 Bn | 1.42 Bn | 30.50% |
| 9 | Alignment Healthcare | 3.84 Bn | 3.11 Bn | 144.48 Mn | 11.70% |
| 10 | Progyny | 2.56 Bn | 2.34 Bn | 83.07 Mn | 25.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.43% |
| Dec 31, 2025 | -248.14% |
| Sep 30, 2025 | 17.69% |
| Jun 30, 2025 | 98.68% |
| Mar 31, 2025 | 21.70% |
| Dec 31, 2024 | 351.18% |
| Sep 30, 2024 | 98.12% |
| Jun 30, 2024 | 98.11% |
| Mar 31, 2024 | 14.87% |
| Dec 31, 2023 | 96.24% |
| Sep 30, 2023 | 22.51% |
| Jun 30, 2023 | 97.48% |
| Mar 31, 2023 | 15.79% |
| Dec 31, 2022 | 387.73% |
| Sep 30, 2022 | 95.62% |
| Jun 30, 2022 | 19.59% |
| Mar 31, 2022 | 18.68% |
| Dec 31, 2021 | 95.75% |
| Sep 30, 2021 | 95.56% |
| Jun 30, 2021 | 15.50% |