Centene (CNC) Return on Capital Employed [ROCE] (2009 - 2025)
Centene's Return on Capital Employed [ROCE] came in at -13.64% for Q2 2026, down 17.48 percentage points from 3.84% a year earlier but up 5.10 percentage points from the prior quarter.
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Analysis
Centene (CNC) Return on Capital Employed [ROCE] (2009 - 2025) Analysis & Trends
For FY2025, Centene's Return on Capital Employed [ROCE] was -17.78%, down 24.22 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -27.04 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 6.44% in FY2024 (-0.21 pp), 6.65% in FY2023 (+3.97 pp), 2.68% in FY2022 (-1.05 pp) and 3.73% in FY2021 (-5.53 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is -18.75% (Q1 2026) to 7.57% (Q1 2025).
- Year-over-year, Return on Capital Employed [ROCE] has declined for five consecutive quarters, with an average year-over-year change of -10.85 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2023 (a gain of 3.52 percentage points), and the weakest in Q1 2026 (a drop of 26.32 percentage points).
- Business Quant data shows CNC's Return on Capital Employed [ROCE] at -18.75% (Q1 2026), -17.85% (Q4 2025) and -13.08% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 360.06 Bn | 240.69 Bn | 35.71 Bn | 12.24% |
| 2 | Mckesson | 127.13 Bn | 108.51 Bn | 3.96 Bn | 42.01% |
| 3 | Cvs Health | 112.93 Bn | 61.69 Bn | 47.21 Bn | 9.25% |
| 4 | Elevance Health | 92.11 Bn | -50.47 Bn | 13.65 Bn | 9.56% |
| 5 | Cigna | 76.91 Bn | 45.77 Bn | 15.09 Bn | 9.65% |
| 6 | Cencora | 68.64 Bn | 68.64 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 65.08 Bn | 48.24 Bn | 2.60 Bn | 22.31% |
| 8 | Humana | 53.29 Bn | -37.50 Bn | 4.83 Bn | 7.17% |
| 9 | Centene | 33.98 Bn | -40.15 Bn | 8.24 Bn | -17.85% |
| 10 | Molina Healthcare | 10.56 Bn | -24.45 Bn | 1.36 Bn | 2.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -17.85% |
| Sep 30, 2025 | -13.08% |
| Jun 30, 2025 | 3.84% |
| Mar 31, 2025 | 7.57% |
| Dec 31, 2024 | 6.60% |
| Sep 30, 2024 | 5.76% |
| Jun 30, 2024 | 5.73% |
| Mar 31, 2024 | 5.54% |
| Dec 31, 2023 | 6.13% |
| Sep 30, 2023 | 6.08% |
| Jun 30, 2023 | 5.00% |
| Mar 31, 2023 | 2.73% |
| Dec 31, 2022 | 2.61% |
| Sep 30, 2022 | 4.42% |
| Jun 30, 2022 | 4.30% |
| Mar 31, 2022 | 3.89% |
| Dec 31, 2021 | 3.41% |
| Sep 30, 2021 | 2.41% |
| Jun 30, 2021 | 3.20% |
| Mar 31, 2021 | 8.36% |
API Access
Centene Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();