Centene (CNC) Net Margin (2009 - 2026)
Centene (CNC) reported Net Margin of 2.04% for Q2 2026, up 2.56 percentage points from -0.52% a year earlier but down 1.05 percentage points from the prior quarter.
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Analysis
Centene (CNC) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Centene's Net Margin came in at -2.51%, down 3.67 percentage points year-over-year; for FY2025, it was -3.43%, down 5.45 percentage points from FY2024.
- Net Margin has a five-year change of -5.05 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 2.03% in FY2024 (+0.27 pp), 1.75% in FY2023 (+0.92 pp), 0.83% in FY2022 (-0.24 pp) and 1.07% in FY2021 (-0.56 pp).
- Five-year quarterly Net Margin spans a low of -13.34% in Q3 2025 and a high of 3.09% in Q1 2026.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -2.19 percentage points.
- The high point for year-over-year Net Margin in five years was Q2 2023 (a gain of 3.29 percentage points); the low point was Q3 2025 (a drop of 15.04 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.09% (Q1 2026), -2.21% (Q4 2025) and -13.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 4.90% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 2.81% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 0.58% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 2.90% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 2.32% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 0.90% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 0.63% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 1.70% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 2.04% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.04% |
| Mar 31, 2026 | 3.09% |
| Dec 31, 2025 | -2.21% |
| Sep 30, 2025 | -13.34% |
| Jun 30, 2025 | -0.52% |
| Mar 31, 2025 | 2.81% |
| Dec 31, 2024 | 0.69% |
| Sep 30, 2024 | 1.70% |
| Jun 30, 2024 | 2.88% |
| Mar 31, 2024 | 2.88% |
| Dec 31, 2023 | 0.11% |
| Sep 30, 2023 | 1.23% |
| Jun 30, 2023 | 2.81% |
| Mar 31, 2023 | 2.91% |
| Dec 31, 2022 | -0.60% |
| Sep 30, 2022 | 2.06% |
| Jun 30, 2022 | -0.48% |
| Mar 31, 2022 | 2.28% |
| Dec 31, 2021 | 1.84% |
| Sep 30, 2021 | 1.80% |
API Access
Centene Net Margin 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=net-margin&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();