Centene (CNC) Operating Margin (2009 - 2026)
Centene (CNC) recorded quarterly Operating Margin of 3.73% in Q1 2026, up 206.18% quarter-over-quarter from 3.51% in Q4 2025, and up 44.0% on a YoY basis from 2.59% in Q1 2025.
Centene (CNC) Operating Margin (2009 - 2026) Analysis & Trends
Centene's Operating Margin history runs 18 years deep, the most recent figure standing at 3.73% for Q1 2026.
- In Q1 2026, Operating Margin rose 44.0% year-over-year to 3.73%; the TTM figure through Mar 2026 stood at 3.77% (down 581.0% YoY), while the FY2025 annual figure was 3.91%, down 586.0% from the prior year.
- Operating Margin was 3.73% for Q1 2026 at Centene, up from 3.51% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 3.73% in Q1 2026 to a low of 15.49% in Q3 2025.
- Historically, Operating Margin has averaged 0.41% across 5 years, with a median of 1.8% in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Margin jumped 374 bps in 2023, then slumped 1729 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 0.84% in 2022, then soared by 35 bps to 0.55% in 2023, then jumped by 159 bps to 0.32% in 2024, then plunged by 1180 bps to 3.51% in 2025, then jumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 8.05% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.85% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 1.55% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 2.06% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 4.65% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.73% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.77% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 1,060.06% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.26% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.73% |
| 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% |