Centene (CNC) Intangibles (2009 - 2025)
Centene (CNC) reported Intangibles of $4.04 billion for Q3 2026, down 16.5% from $4.84 billion a year earlier and down 3.8% from the prior quarter.
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Analysis
Centene (CNC) Intangibles (2009 - 2025) Analysis & Trends
At the end of FY2025, Centene posted Intangibles of $4.53 billion, down 16.3% from FY2024.
- Intangibles has declined for five consecutive years, with a five-year compound annual growth rate of -11.6% (FY2020 to FY2025).
- By year, Intangibles came in at $5.41 billion in FY2024 (-11.3%), $6.1 billion in FY2023 (-11.7%), $6.91 billion in FY2022 (-11.7%) and $7.82 billion in FY2021 (-6.7%).
- The Q3 2026 figure ranks as the lowest quarterly Intangibles since Q4 2019.
- Year over year, Intangibles has now declined in each of the last 20 quarters, with an average decline of 14.3% over the last eight quarters.
- Over the past five years, the year-over-year decline in Intangibles ranged from 1.2% (Q1 2022) to 17.3% (Q1 2023).
- Per Business Quant data, the three quarters before Q3 2026 came in at $4.2 billion (Q2 2026), $4.36 billion (Q1 2026) and $4.53 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 20.38 Bn |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 3.94 Bn |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 24.22 Bn |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 10.88 Bn |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 26.76 Bn |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | - |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | - |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | 4.53 Bn |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.53 Bn |
| Sep 30, 2025 | 4.84 Bn |
| Jun 30, 2025 | 5.01 Bn |
| Mar 31, 2025 | 5.24 Bn |
| Dec 31, 2024 | 5.41 Bn |
| Sep 30, 2024 | 5.58 Bn |
| Jun 30, 2024 | 5.76 Bn |
| Mar 31, 2024 | 5.93 Bn |
| Dec 31, 2023 | 6.10 Bn |
| Sep 30, 2023 | 6.28 Bn |
| Jun 30, 2023 | 6.52 Bn |
| Mar 31, 2023 | 6.73 Bn |
| Dec 31, 2022 | 6.91 Bn |
| Sep 30, 2022 | 7.52 Bn |
| Jun 30, 2022 | 7.67 Bn |
| Mar 31, 2022 | 8.14 Bn |
| Dec 31, 2021 | 7.82 Bn |
| Sep 30, 2021 | 8.14 Bn |
| Jun 30, 2021 | 8.07 Bn |
| Mar 31, 2021 | 8.24 Bn |
API Access
Centene Intangibles 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=intangibles&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();