Centene (CNC) Invested Capital (2009 - 2026)
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 - 2026) 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 | 332.42 Bn | 217.05 Bn | 36.67 Bn | 177.84 Bn |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 141.31 Bn |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 5.49 Bn |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 76.07 Bn |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 74.79 Bn |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 14.96 Bn |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 6.00 Bn |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 33.88 Bn |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 38.74 Bn |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 7.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.74 Bn |
| Mar 31, 2026 | 37.87 Bn |
| 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 |
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();