Centene (CNC) Gross Margin (2009 - 2026)
Centene (CNC) recorded quarterly Gross Margin of 98.59% in Q1 2026, down 69.97% quarter-over-quarter from 328.34% in Q4 2025, and up 7689.0% on a YoY basis from 1.27% in Q1 2025.
Centene (CNC) Gross Margin (2009 - 2026) Analysis & Trends
Centene's Gross Margin history runs 18 years deep, the most recent figure standing at 98.59% for Q1 2026.
- In Q1 2026, Gross Margin rose 7689.0% year-over-year to 98.59%; the TTM figure through Mar 2026 stood at 136.88% (up 11096.0% YoY), while the FY2025 annual figure was 98.63%, up 7572.0% from the prior year.
- Gross Margin was 98.59% for Q1 2026 at Centene, down from 328.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 339.67% in Q4 2023 to a low of 8.9% in Q3 2025.
- Historically, Gross Margin has averaged 75.79% across 5 years, with a median of 22.77% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 32392 bps in 2023, then tumbled 29873 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 15.75% in 2022, then surged by 2056 bps to 339.67% in 2023, then sank by 88 bps to 40.94% in 2024, then jumped by 702 bps to 328.34% in 2025, then tumbled by 70 bps to 98.59% in 2026.
- The last three Gross Margin figures came in at 98.59% (Q1 2026), 328.34% (Q4 2025), and 8.9% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 11.08% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 20.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.59% |
| Dec 31, 2025 | 328.34% |
| Sep 30, 2025 | 8.90% |
| Jun 30, 2025 | 98.68% |
| Mar 31, 2025 | 21.70% |
| Dec 31, 2024 | 40.94% |
| Sep 30, 2024 | 12.73% |
| Jun 30, 2024 | 22.77% |
| Mar 31, 2024 | 98.16% |
| Dec 31, 2023 | 339.67% |
| Sep 30, 2023 | 22.51% |
| Jun 30, 2023 | 97.48% |
| Mar 31, 2023 | 15.79% |
| Dec 31, 2022 | 15.75% |
| Sep 30, 2022 | 21.62% |
| Jun 30, 2022 | 19.59% |
| Mar 31, 2022 | 25.14% |
| Dec 31, 2021 | -191.98% |
| Sep 30, 2021 | 21.53% |
| Jun 30, 2021 | 15.50% |