Centene (CNC) Net Margin (2009 - 2026)
Centene's (CNC) quarterly Net Margin came in at 3.45% in Q1 2026, up 63.0% year-on-year from 2.11% in Q1 2025, and up 240.13% quarter-over-quarter from 2.46% in Q4 2025.
Centene (CNC) Net Margin (2009 - 2026) Analysis & Trends
Centene's Net Margin history runs 17 years deep, the most recent figure standing at 3.45% for Q1 2026.
- On a quarterly basis, Net Margin rose 63.0% year-over-year to 3.45% in Q1 2026; TTM through Mar 2026 was 3.44%, a 565.0% decrease from a year earlier, with the FY2025 full-year figure at 3.82%, down 609.0% from the prior year.
- Net Margin climbed to 3.45% in Q1 2026 per CNC's latest filing, from 2.46% in the prior quarter.
- Across five years, Net Margin topped out at 3.45% in Q1 2026 and bottomed at 13.35% in Q3 2025.
- The 5-year median for Net Margin is 1.92% (2024), against an average of 0.58%.
- Across the five-year window, Net Margin jumped 353 bps in 2023 and plunged 1527 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 0.83% in 2022, then jumped by 118 bps to 0.15% in 2023, then soared by 406 bps to 0.77% in 2024, then slumped by 419 bps to 2.46% in 2025, then surged by 240 bps to 3.45% in 2026.
- Per Business Quant, the three latest CNC Net Margin figures stand at 3.45% (Q1 2026), 2.46% (Q4 2025), and 13.35% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 5.80% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 8.75% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 3.52% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 3.03% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 3.45% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 14.61% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 0.92% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 7.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.45% |
| Dec 31, 2025 | -2.46% |
| Sep 30, 2025 | -13.35% |
| Jun 30, 2025 | -0.53% |
| Mar 31, 2025 | 2.82% |
| Dec 31, 2024 | 0.77% |
| Sep 30, 2024 | 1.92% |
| Jun 30, 2024 | 3.19% |
| Mar 31, 2024 | 3.19% |
| Dec 31, 2023 | 0.15% |
| Sep 30, 2023 | 1.25% |
| Jun 30, 2023 | 3.03% |
| Mar 31, 2023 | 3.23% |
| Dec 31, 2022 | -0.83% |
| Sep 30, 2022 | 2.06% |
| Jun 30, 2022 | -0.50% |
| Mar 31, 2022 | 2.49% |
| Dec 31, 2021 | 1.82% |
| Sep 30, 2021 | 1.90% |
| Jun 30, 2021 | -1.85% |