Centene (CNC) Gross Margin (2009 - 2026)
Centene's Gross Margin came in at 27.16% for Q2 2026, up 6.78 percentage points from 20.38% a year earlier and up 3.85 percentage points from the prior quarter.
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Analysis
Centene (CNC) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Centene reported Gross Margin of 21.29%, down 0.52 percentage points year-over-year; for FY2025, it was 19.03%, down 3.88 percentage points from FY2024.
- Gross Margin carries a five-year change of -3.33 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 22.91% in FY2024 (+0.12 pp), 22.80% in FY2023 (-0.05 pp), 22.84% in FY2022 (+1.11 pp) and 21.73% in FY2021 (-0.63 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2016.
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -0.80 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2026 (a gain of 6.78 percentage points), and the weakest in Q3 2025 (a drop of 5.69 percentage points).
- Business Quant data shows CNC's Gross Margin at 23.31% (Q1 2026), 16.56% (Q4 2025) and 17.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 339.33 Bn | 223.96 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 111.30 Bn | 63.91 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 100.82 Bn | 87.28 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 85.16 Bn | -56.58 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 72.72 Bn | 42.26 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 58.70 Bn | 47.79 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 52.08 Bn | 36.08 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 46.46 Bn | -41.34 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 30.74 Bn | -59.55 Bn | 14.55 Bn | 27.16% |
| 10 | Molina Healthcare | 9.85 Bn | -25.02 Bn | 1.43 Bn | 13.19% |
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% |
API Access
Centene Gross 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=gross-margin&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();