Centene (CNC) Gross Margin (2009 - 2026)
Centene (CNC) posted Gross Margin of 27.16% for Q2 2026, up 16.51% on a QoQ basis from 23.31% in Q1 2026, and up 678.0% year-over-year from 3.49% in Q2 2025.
Powered by 
Analysis
Centene (CNC) Gross Margin (2009 - 2026) Analysis & Trends
Centene has reported Gross Margin for 18 years, with the latest figure at 27.16% in Q2 2026.
- On a quarterly basis, Gross Margin rose 678.0% year-over-year to 27.16% in Q2 2026; TTM through Jun 2026 was 21.29%, a 52.0% decrease from a year earlier, with the FY2025 full-year figure at 19.03%, down 388.0% from the prior year.
- Gross Margin was 27.16% for Q2 2026 at Centene, up from 23.31% in the prior quarter.
- The five-year high for Gross Margin was 27.16% in Q2 2026, with the low at 16.56% in Q4 2025.
- Average Gross Margin over 5 years is 22.27%, with a median of 22.44% recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Gross Margin sank 569 bps in 2025, then jumped 678 bps in 2026.
- Over 5 years, Gross Margin stood at 20.51% in 2022, then grew by 9 bps to 22.37% in 2023, then decreased by 1 bps to 22.05% in 2024, then retreated by 25 bps to 16.56% in 2025, then soared by 64 bps to 27.16% in 2026.
- The last three Gross Margin figures came in at 27.16% (Q2 2026), 23.31% (Q1 2026), and 16.56% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.42 Bn | 320.96 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 121.84 Bn | 107.88 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 90.86 Bn | 54.91 Bn | 13.45 Bn | 26.65% |
| 4 | Cigna | 73.56 Bn | 66.30 Bn | 14.97 Bn | 20.88% |
| 5 | Humana | 48.30 Bn | 24.43 Bn | 5.50 Bn | 13.45% |
| 6 | Centene | 32.37 Bn | 5.31 Bn | 14.55 Bn | 27.16% |
| 7 | Molina Healthcare | 10.16 Bn | 1.24 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 9.70 Bn | 1.15 Bn | 1.09 Bn | 22.25% |
| 9 | Corvel | 3.48 Bn | 3.13 Bn | - | - |
| 10 | Alignment Healthcare | 2.66 Bn | 1.95 Bn | 180.96 Mn | 13.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.16% |
| Mar 31, 2026 | 23.31% |
| Dec 31, 2025 | 16.56% |
| Sep 30, 2025 | 17.69% |
| Jun 30, 2025 | 20.38% |
| Mar 31, 2025 | 21.70% |
| Dec 31, 2024 | 22.05% |
| Sep 30, 2024 | 23.37% |
| Jun 30, 2024 | 22.77% |
| Mar 31, 2024 | 23.45% |
| Dec 31, 2023 | 22.37% |
| Sep 30, 2023 | 22.51% |
| Jun 30, 2023 | 21.97% |
| Mar 31, 2023 | 24.31% |
| Dec 31, 2022 | 20.51% |
| Sep 30, 2022 | 21.62% |
| Jun 30, 2022 | 24.00% |
| Mar 31, 2022 | 25.14% |
| Dec 31, 2021 | 22.03% |
| Sep 30, 2021 | 21.53% |