Centene (CNC) Net Margin (2009 - 2026)
Centene (CNC) recorded quarterly Net Margin of 3.08% in Q1 2026, up 239.3% quarter-over-quarter from 2.21% in Q4 2025, and up 26.0% on a YoY basis from 2.45% in Q1 2025.
Centene (CNC) Net Margin (2009 - 2026) Analysis & Trends
Centene's Net Margin history runs 18 years deep, the most recent figure standing at 3.08% for Q1 2026.
- In Q1 2026, Net Margin rose 26.0% year-over-year to 3.08%; the TTM figure through Mar 2026 stood at 3.34% (down 528.0% YoY), while the FY2025 annual figure was 3.43%, down 545.0% from the prior year.
- Net Margin was 3.08% for Q1 2026 at Centene, up from 2.21% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 3.23% in Q1 2023 to a low of 14.77% in Q3 2025.
- Historically, Net Margin has averaged 0.45% across 5 years, with a median of 1.92% in 2024.
- The sharpest annual moves came in 2023 and 2025: Net Margin surged 353 bps in 2023, then slumped 1670 bps in 2025.
- A 5-year view of Net Margin shows it stood at 0.65% in 2022, then jumped by 117 bps to 0.11% in 2023, then soared by 371 bps to 0.52% in 2024, then slumped by 526 bps to 2.21% in 2025, then surged by 239 bps to 3.08% in 2026.
- The last three Net Margin figures came in at 3.08% (Q1 2026), 2.21% (Q4 2025), and 14.77% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 5.80% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 8.75% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 3.56% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 3.01% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.08% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 11,875.18% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 0.93% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.08% |
| Dec 31, 2025 | -2.21% |
| Sep 30, 2025 | -14.77% |
| Jun 30, 2025 | -0.53% |
| Mar 31, 2025 | 2.82% |
| Dec 31, 2024 | 0.52% |
| Sep 30, 2024 | 1.92% |
| Jun 30, 2024 | 2.88% |
| Mar 31, 2024 | 3.19% |
| Dec 31, 2023 | 0.11% |
| Sep 30, 2023 | 1.25% |
| Jun 30, 2023 | 3.03% |
| Mar 31, 2023 | 3.23% |
| Dec 31, 2022 | -0.65% |
| Sep 30, 2022 | 2.06% |
| Jun 30, 2022 | -0.50% |
| Mar 31, 2022 | 2.29% |
| Dec 31, 2021 | 1.82% |
| Sep 30, 2021 | 1.79% |
| Jun 30, 2021 | -2.32% |