Centene (CNC) Return on Invested Capital [ROIC] (2010 - 2026)
Centene's Return on Invested Capital [ROIC] was -14.72% in Q2 2026, down 17.83 percentage points from 3.11% a year earlier but up 4.65 percentage points from the prior quarter.
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Analysis
Centene (CNC) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Centene came in at -18.35%, down 23.88 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -24.12 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 5.53% in FY2024 (+0.42 pp), 5.11% in FY2023 (+3.28 pp), 1.84% in FY2022 (-1.14 pp) and 2.97% in FY2021 (-2.80 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -19.90% (Q4 2025) and 6.01% (Q1 2025) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for five straight quarters, with an average year-over-year change of -10.82 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2023 (a gain of 3.17 percentage points); the worst was Q1 2026 (a drop of 25.38 percentage points).
- Per Business Quant data, CNC's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -19.38% (Q1 2026), -19.90% (Q4 2025) and -13.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 10.31% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 4.96% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 107.91% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | -158.82% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 10.87% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 14.39% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 33.91% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 6.65% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | -14.72% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 2.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.72% |
| Mar 31, 2026 | -19.38% |
| Dec 31, 2025 | -19.90% |
| Sep 30, 2025 | -13.63% |
| Jun 30, 2025 | 3.11% |
| Mar 31, 2025 | 6.01% |
| Dec 31, 2024 | 5.46% |
| Sep 30, 2024 | 4.84% |
| Jun 30, 2024 | 4.76% |
| Mar 31, 2024 | 4.70% |
| Dec 31, 2023 | 5.04% |
| Sep 30, 2023 | 4.40% |
| Jun 30, 2023 | 4.15% |
| Mar 31, 2023 | 2.01% |
| Dec 31, 2022 | 1.88% |
| Sep 30, 2022 | 3.81% |
| Jun 30, 2022 | 3.96% |
| Mar 31, 2022 | 3.18% |
| Dec 31, 2021 | 2.88% |
| Sep 30, 2021 | 1.88% |
API Access
Centene Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();