Centene (CNC) Invested Capital (2009 - 2025)
Centene's Invested Capital was $38.74 billion in Q2 2026, down 14.0% from $45.07 billion a year earlier but up 2.3% from the prior quarter.
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Analysis
Centene (CNC) Invested Capital (2009 - 2025) Analysis & Trends
For FY2025, Invested Capital at Centene came in at $37.43 billion, down 16.9% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of -2.6% (FY2020 to FY2025).
- In earlier years, Invested Capital was $45.03 billion in FY2024 (+2.9%), $43.77 billion in FY2023 (+3.7%), $42.2 billion in FY2022 (-7.8%) and $45.78 billion in FY2021 (+7.3%).
- Quarterly Invested Capital has moved between $37.43 billion (Q4 2025) and $46.33 billion (Q1 2025) over five years.
- Compared with a year earlier, Invested Capital has declined for four straight quarters, with an average decline of 6.7% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q4 2021 (growth of 7.3%); the worst was Q1 2026 (a decline of 18.2%).
- Per Business Quant data, CNC's Invested Capital in the three quarters before Q2 2026 was $37.87 billion (Q1 2026), $37.43 billion (Q4 2025) and $38.62 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 178.46 Bn |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 5.25 Bn |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 141.37 Bn |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 75.55 Bn |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 74.86 Bn |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 5.79 Bn |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 31.71 Bn |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | 37.43 Bn |
| 10 | Molina Healthcare | 10.90 Bn | -24.10 Bn | 1.36 Bn | 7.93 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 37.43 Bn |
| Sep 30, 2025 | 38.62 Bn |
| Jun 30, 2025 | 45.07 Bn |
| Mar 31, 2025 | 46.33 Bn |
| Dec 31, 2024 | 45.03 Bn |
| Sep 30, 2024 | 45.00 Bn |
| Jun 30, 2024 | 45.07 Bn |
| Mar 31, 2024 | 45.05 Bn |
| Dec 31, 2023 | 43.77 Bn |
| Sep 30, 2023 | 43.40 Bn |
| Jun 30, 2023 | 43.77 Bn |
| Mar 31, 2023 | 43.49 Bn |
| Dec 31, 2022 | 42.20 Bn |
| Sep 30, 2022 | 43.87 Bn |
| Jun 30, 2022 | 45.19 Bn |
| Mar 31, 2022 | 46.25 Bn |
| Dec 31, 2021 | 45.78 Bn |
| Sep 30, 2021 | 45.43 Bn |
| Jun 30, 2021 | 42.83 Bn |
| Mar 31, 2021 | 43.22 Bn |
API Access
Centene Invested Capital 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=invested-capital&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();