Centene (CNC) Operating Margin (2009 - 2026)
Centene's Operating Margin was 2.24% in Q2 2026, up 3.18 percentage points from -0.94% a year earlier but down 1.49 percentage points from the prior quarter.
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Analysis
Centene (CNC) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Centene's Operating Margin was -2.78% through Jun 30, 2026, down 3.85 percentage points year-over-year; for FY2025, it was -3.91%, down 5.86 percentage points from FY2024.
- Operating Margin shows a five-year change of -6.69 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 1.95% in FY2024 (+0.04 pp), 1.90% in FY2023 (+0.99 pp), 0.91% in FY2022 (-0.50 pp) and 1.42% in FY2021 (-1.36 pp).
- Quarterly Operating Margin has moved between -13.99% (Q3 2025) and 3.73% (Q1 2026) over five years.
- Compared with a year earlier, Operating Margin was higher in four of the last eight quarters, with an average year-over-year change of -2.35 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q2 2023 (a gain of 3.47 percentage points); the worst was Q3 2025 (a drop of 15.58 percentage points).
- Per Business Quant data, CNC's Operating Margin in the three quarters before Q2 2026 was 3.73% (Q1 2026), -3.51% (Q4 2025) and -13.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 4.43% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 1.25% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | -69.51% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 3.73% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.14% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 2.24% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 1.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.24% |
| Mar 31, 2026 | 3.73% |
| Dec 31, 2025 | -3.51% |
| Sep 30, 2025 | -13.99% |
| Jun 30, 2025 | -0.94% |
| Mar 31, 2025 | 3.29% |
| Dec 31, 2024 | 0.43% |
| Sep 30, 2024 | 1.58% |
| Jun 30, 2024 | 3.09% |
| Mar 31, 2024 | 2.74% |
| Dec 31, 2023 | -0.49% |
| Sep 30, 2023 | 1.93% |
| Jun 30, 2023 | 3.11% |
| Mar 31, 2023 | 3.13% |
| Dec 31, 2022 | -0.79% |
| Sep 30, 2022 | 1.33% |
| Jun 30, 2022 | -0.36% |
| Mar 31, 2022 | 3.37% |
| Dec 31, 2021 | 1.85% |
| Sep 30, 2021 | 1.68% |
API Access
Centene Operating 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=operating-margin&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();