Centene (CNC) Net Margin (2009 - 2026)
Centene (CNC) posted Net Margin of 2.03% for Q2 2026, down 34.16% on a QoQ basis from 3.08% in Q1 2026, and up 256.0% year-over-year from 0.57% in Q2 2025.
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Analysis
Centene (CNC) Net Margin (2009 - 2026) Analysis & Trends
Centene has reported Net Margin for 18 years, with the latest figure at 2.03% in Q2 2026.
- On a quarterly basis, Net Margin rose 256.0% year-over-year to 2.03% in Q2 2026; TTM through Jun 2026 was 2.52%, a 366.0% decrease from a year earlier, with the FY2025 full-year figure at 3.43%, down 545.0% from the prior year.
- Net Margin was 2.03% for Q2 2026 at Centene, down from 3.08% in the prior quarter.
- The five-year high for Net Margin was 3.08% in Q1 2026, with the low at 13.35% in Q3 2025.
- Average Net Margin over 5 years is 0.57%, with a median of 1.86% recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Net Margin jumped 328 bps in 2023, then sank 1504 bps in 2025.
- Over 5 years, Net Margin stood at 0.62% in 2022, then jumped by 116 bps to 0.1% in 2023, then jumped by 594 bps to 0.69% in 2024, then sank by 422 bps to 2.21% in 2025, then jumped by 192 bps to 2.03% in 2026.
- The last three Net Margin figures came in at 2.03% (Q2 2026), 3.08% (Q1 2026), and 2.21% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 349.71 Bn | 318.24 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 121.89 Bn | 107.93 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 90.41 Bn | 54.46 Bn | 13.45 Bn | 2.88% |
| 4 | Cigna | 73.73 Bn | 66.47 Bn | 14.97 Bn | 2.62% |
| 5 | Humana | 48.06 Bn | 24.19 Bn | 5.50 Bn | 1.75% |
| 6 | Centene | 32.28 Bn | 5.22 Bn | 14.55 Bn | 2.03% |
| 7 | Molina Healthcare | 10.24 Bn | 1.32 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 9.83 Bn | 1.28 Bn | 1.09 Bn | 7.41% |
| 9 | Corvel | 3.47 Bn | 3.12 Bn | - | - |
| 10 | Alignment Healthcare | 2.65 Bn | 1.95 Bn | 180.96 Mn | 2.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.03% |
| Mar 31, 2026 | 3.08% |
| Dec 31, 2025 | -2.21% |
| Sep 30, 2025 | -13.35% |
| Jun 30, 2025 | -0.53% |
| Mar 31, 2025 | 2.82% |
| Dec 31, 2024 | 0.69% |
| Sep 30, 2024 | 1.69% |
| Jun 30, 2024 | 2.88% |
| Mar 31, 2024 | 2.87% |
| Dec 31, 2023 | 0.10% |
| Sep 30, 2023 | 1.25% |
| Jun 30, 2023 | 2.81% |
| Mar 31, 2023 | 2.91% |
| Dec 31, 2022 | -0.62% |
| Sep 30, 2022 | 2.06% |
| Jun 30, 2022 | -0.48% |
| Mar 31, 2022 | 2.29% |
| Dec 31, 2021 | 1.82% |
| Sep 30, 2021 | 1.79% |