Centene (CNC) Operating Margin (2009 - 2026)
Centene's quarterly Operating Margin came in at 3.73% in Q1 2026, up 44.0% year-on-year from 2.59% in Q1 2025, and up 206.18% quarter-over-quarter from 3.51% in Q4 2025.
Centene has reported Operating Margin for 18 years, with the latest figure at 3.73% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 44.0% year-over-year to 3.73%; the trailing twelve-month figure through Mar 2026 stood at 3.77% (down 581.0% YoY), and the FY2025 full-year result was 3.91%, down 586.0% from the prior year.
- Operating Margin for Q1 2026 stood at 3.73%, up from 3.51% in the prior quarter.
- The five-year high for Operating Margin was 3.73% in Q1 2026, with the low at 15.49% in Q3 2025.
- Average Operating Margin over 5 years is 0.41%, with a median of 1.8% recorded in 2024.
- Year-over-year, Operating Margin soared 374 bps in 2023 and slumped 1729 bps in 2025.
- Tracing CNC's Operating Margin over 5 years: stood at 0.84% in 2022, then jumped by 35 bps to 0.55% in 2023, then surged by 159 bps to 0.32% in 2024, then tumbled by 1180 bps to 3.51% in 2025, then surged by 206 bps to 3.73% in 2026.
- The last three Operating Margin figures came in at 3.73% (Q1 2026), 3.51% (Q4 2025), and 15.49% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 8.05% |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 13.85% |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 1.55% |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 2.06% |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 4.65% |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 3.73% |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 0.77% |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 1,060.06% |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 1.26% |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 10.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.73% |
| Dec 31, 2025 | -3.51% |
| Sep 30, 2025 | -15.49% |
| Jun 30, 2025 | -0.94% |
| Mar 31, 2025 | 3.29% |
| Dec 31, 2024 | 0.32% |
| Sep 30, 2024 | 1.80% |
| Jun 30, 2024 | 3.09% |
| Mar 31, 2024 | 3.04% |
| Dec 31, 2023 | -0.55% |
| Sep 30, 2023 | 1.93% |
| Jun 30, 2023 | 3.36% |
| Mar 31, 2023 | 3.48% |
| Dec 31, 2022 | -0.84% |
| Sep 30, 2022 | 1.33% |
| Jun 30, 2022 | -0.38% |
| Mar 31, 2022 | 3.37% |
| Dec 31, 2021 | 1.85% |
| Sep 30, 2021 | 1.68% |
| Jun 30, 2021 | -1.45% |
| Mar 31, 2021 | 3.52% |
| Dec 31, 2020 | 0.05% |
| Sep 30, 2020 | 3.14% |
| Jun 30, 2020 | 7.28% |
| Mar 31, 2020 | 0.78% |
| Dec 31, 2019 | 1.47% |
| Sep 30, 2019 | 0.97% |
| Jun 30, 2019 | 3.72% |
| Mar 31, 2019 | 4.07% |
| Dec 31, 2018 | 2.34% |
| Sep 30, 2018 | 0.25% |
| Jun 30, 2018 | 3.45% |
| Mar 31, 2018 | 4.09% |
| Dec 31, 2017 | 1.41% |
| Sep 30, 2017 | 2.86% |
| Jun 30, 2017 | 3.66% |
| Mar 31, 2017 | 2.05% |
| Dec 31, 2016 | 4.40% |
| Sep 30, 2016 | 3.15% |
| Jun 30, 2016 | 3.46% |
| Mar 31, 2016 | 0.29% |
| Dec 31, 2015 | 3.49% |
| Sep 30, 2015 | 3.14% |
| Jun 30, 2015 | 3.14% |
| Mar 31, 2015 | 2.51% |
| Dec 31, 2014 | 4.08% |
| Sep 30, 2014 | 2.48% |
| Jun 30, 2014 | 2.31% |
| Mar 31, 2014 | 2.02% |
| Dec 31, 2013 | 2.89% |
| Sep 30, 2013 | 3.01% |
| Jun 30, 2013 | 2.63% |
| Mar 31, 2013 | 1.57% |
| Dec 31, 2012 | 6.52% |
| Sep 30, 2012 | -1.20% |
| Jun 30, 2012 | -2.38% |
| Mar 31, 2012 | 2.19% |
| Dec 31, 2011 | 4.04% |
| Sep 30, 2011 | 3.73% |
| Jun 30, 2011 | 4.21% |
| Mar 31, 2011 | 3.21% |
| Dec 31, 2010 | 3.85% |
| Sep 30, 2010 | 3.59% |
| Jun 30, 2010 | 3.87% |
| Dec 31, 2009 | -279.37% |
| Sep 30, 2009 | 139.23% |
| Jun 30, 2009 | 3.02% |