CNC
Centene CorporationStock · HealthcareS&P 500 Equal Weight 0.3% · S&P 500 0.05% · Russell 1000 0.05% · US Stock Market 0.04% · Russell 3000 0.04% · MSCI World 0.03% · MSCI ACWI 0.03%$66.42+1.56%
as of market close, Sep 11, 2026
☾ AH — —
CNC financial statements
The full income statement, balance sheet, and cash-flow statement for Centene Corporation (CNC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 526.0M2024-09 504.9M2024-12 496.0M2025-03 497.6M2025-06 491.1M2025-09 491.5M2025-12 491.8M2026-03 493.8M2026-06 494.0M-6.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 195B+19.4% | 163B+5.9% | 154B+6.5% | 145B+14.7% | 126B+13.4% | |
| 14.2B-16.8% | 17.1B-3.2% | 17.6B+4.2% | 16.9B+16.8% | 14.5B | ||
| Cost of revenue | 2.67B-2.2% | 2.73B-23.4% | 3.56B-49.3% | 7.03B+43.7% | 4.89B+48.2% | |
| Selling, general & administrative | 12.9B+4.1% | 12.4B-1.3% | 12.6B+8.4% | 11.6B+20.7% | 9.60B+2.4% | |
| Amortization of intangibles | 685M-1.0% | 692M-3.6% | 718M-12.1% | 817M+6.1% | 770M+7.1% | |
| Operating income | -7.62B-340.1% | 3.17B+8.4% | 2.93B+122.3% | 1.32B-26.1% | 1.78B-42.1% | |
| Interest expense | 678M-3.4% | 702M-3.2% | 725M+9.0% | 665M+0.0% | 665M-8.7% | |
| Other non-operating income | 895M-17.3% | 1.08B+62.0% | 668M+3.7% | 644M | — | |
| Pre-tax income | -6.73B-258.0% | 4.26B+18.3% | 3.60B+83.4% | 1.96B+8.2% | 1.81B-34.6% | |
| Income tax | -51.0M-105.3% | 963M+7.1% | 899M+18.3% | 760M+59.3% | 477M-51.3% | |
| -6.67B-301.9% | 3.31B+22.3% | 2.70B+124.8% | 1.20B-10.8% | 1.35B-25.5% | ||
| Net income to non-controlling interest | -3.00M+72.7% | -11.0M-266.7% | -3.00M | 0.00+100.0% | -11.0M+21.4% | |
| -$13.53-314.4% | $6.31+27.5% | $4.95+139.1% | $2.07-9.2% | $2.28-26.9% | ||
| EPS (basic) | -$13.53-313.7% | $6.33+27.4% | $4.97+137.8% | $2.09-9.5% | $2.31-27.1% | |
| Weighted-avg shares (basic) | 493M-5.5% | 522M-4.0% | 543M-5.5% | 575M-1.3% | 583M+2.1% | |
| Weighted-avg shares (diluted) | 493M-5.8% | 524M-4.0% | 546M-6.2% | 582M-1.4% | 591M+2.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 40.4B+6.2% | 38.0B-6.8% | 40.8B+35.3% | 30.1B+5.7% | 28.5B+21.8% | ||
| Cash & equivalents | 17.9B+27.2% | 14.1B-18.2% | 17.2B+42.4% | 12.1B-8.0% | 13.1B+21.5% | |
| Short-term investments | 2.43B-7.2% | 2.62B+6.6% | 2.46B+5.9% | 2.32B+50.8% | 1.54B-2.6% | |
| Other current assets | 1.95B+21.5% | 1.60B-71.3% | 5.57B+126.4% | 2.46B+53.6% | 1.60B+21.6% | |
| 76.7B-6.9% | 82.4B-2.6% | 84.6B+10.1% | 76.9B-1.9% | 78.4B+14.1% | ||
| Property, plant & equipment | 2.04B-1.5% | 2.07B+2.4% | 2.02B-17.0% | 2.43B-28.3% | 3.39B+22.2% | |
| Operating lease right-of-use | 317M-11.7% | 359M-9.3% | 396M-84.5% | 2.55B-28.4% | 3.57B+172.0% | |
| Goodwill | 10.8B-38.3% | 17.6B+0.0% | 17.6B-6.7% | 18.8B-4.9% | 19.8B+6.0% | |
| Intangible assets | 4.53B-16.3% | 5.41B-11.3% | 6.10B-11.7% | 6.91B-11.7% | 7.82B-6.7% | |
| Long-term investments | 17.0B-2.3% | 17.4B+7.0% | 16.3B+10.9% | 14.7B+4.6% | 14.0B+9.3% | |
| Other non-current assets | 528M-11.0% | 593M+10.8% | 535M-80.1% | 2.69B-29.0% | 3.78B+136.5% | |
| 36.7B+7.2% | 34.3B-6.7% | 36.7B+29.0% | 28.5B+10.5% | 25.8B+19.4% | ||
| Accrued liabilities | 13.8B+4.7% | 13.2B-19.8% | 16.4B+72.4% | 9.53B+12.2% | 8.49B+20.1% | |
| Deferred revenue | 736M+11.3% | 661M-7.6% | 715M+49.6% | 478M+10.1% | 434M-17.0% | |
| Short-term & current debt | 50.0M-54.5% | 110M-7.6% | 119M+45.1% | 82.0M-69.3% | 267M+175.3% | |
| Current lease liability | 146M-7.6% | 158M-6.0% | 168M-6.7% | 180M-11.8% | 204M+0.0% | |
| 56.7B+1.4% | 55.9B-4.7% | 58.7B+11.5% | 52.6B+2.5% | 51.4B+20.1% | ||
| Long-term debt | 17.4B-5.8% | 18.4B+4.0% | 17.7B-1.3% | 17.9B-3.4% | 18.6B+11.3% | |
| Non-current lease liability | 615M-16.7% | 738M-16.1% | 880M-71.9% | 3.13B-13.4% | 3.62B+171.3% | |
| Operating lease liability (total) | 761M-15.1% | 896M-14.5% | 1.05B-68.4% | 3.31B-13.3% | 3.82B+148.6% | |
| Deferred tax liabilities | 833M+21.8% | 684M+6.7% | 641M+4.2% | 615M-56.3% | 1.41B-8.3% | |
| Other non-current liabilities | 1.79B-30.3% | 2.57B-29.0% | 3.62B-35.6% | 5.62B+0.1% | 5.61B+89.8% | |
| 20.0B-24.4% | 26.4B+2.2% | 25.8B+7.4% | 24.1B-10.2% | 26.8B+4.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 20.8B+1.0% | 20.6B+1.3% | 20.3B+1.2% | 20.1B+2.0% | 19.7B+1.1% | |
| Retained earnings | 8.67B-43.5% | 15.3B+27.4% | 12.0B+28.9% | 9.34B+14.8% | 8.14B+19.8% | |
| Treasury stock | 9.44B+4.9% | 9.00B+53.6% | 5.86B+39.0% | 4.21B+285.1% | 1.09B+34.1% | |
| Accumulated other comprehensive income | -58.0M+88.5% | -504M+22.7% | -652M+42.4% | -1.13B-1570.1% | 77.0M-77.2% | |
| Non-controlling interest | 80.0M-11.1% | 90.0M-7.2% | 97.0M-21.8% | 124M-14.5% | 145M+29.5% | |
| Total equity incl. non-controlling | 20.0B-24.4% | 26.5B+2.2% | 25.9B+7.3% | 24.2B-10.2% | 26.9B+4.1% | |
| Total liabilities & equity | 76.7B-6.9% | 82.4B-2.6% | 84.6B+10.1% | 76.9B-1.9% | 78.4B+14.1% | |
| Common shares issued | 623M+0.5% | 620M+0.8% | 615M+1.2% | 608M+0.9% | 603M+0.7% | |
| Common shares outstanding | 492M-0.8% | 496M-7.2% | 534M-3.0% | 551M-5.4% | 582M+0.2% | |
| Shares outstanding (cover) | 492M-0.9% | 496M-7.3% | 535M-3.0% | 551M-5.4% | 583M+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.09B+3203.9% | 154M-98.1% | 8.05B+28.6% | 6.26B+48.9% | 4.21B-23.6% | ||
| Depreciation & amortization | 1.27B+2.7% | 1.24B-4.0% | 1.29B-9.6% | 1.43B+7.1% | 1.33B+6.0% | |
| Intangible amortization | 685M-1.0% | 692M-3.6% | 718M-12.1% | 817M+6.1% | 770M+7.1% | |
| Share-based compensation | 204M-3.8% | 212M-1.9% | 216M-7.7% | 234M+15.3% | 203M-27.8% | |
| Deferred income taxes | -60.0M-561.5% | 13.0M+116.7% | -78.0M+87.6% | -631M-378.0% | -132M-158.8% | |
| Other operating activities | 75.0M+4.2% | 72.0M-57.1% | 168M+34.4% | 125M-12.0% | 142M+468.0% | |
| 472M+144.9% | -1.05B+11.7% | -1.19B+59.2% | -2.92B+11.5% | -3.30B+52.6% | ||
| Capital expenditure | 767M+19.1% | 644M-19.4% | 799M-20.4% | 1.00B+10.3% | 910M+4.7% | |
| Free cash flow | 4.32B+981.8% | -490M-106.8% | 7.25B+38.0% | 5.26B+59.5% | 3.29B-28.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 1.46B+173.4% | 534M-86.8% | |
| Purchases of investments | 4.54B-36.8% | 7.18B+8.5% | 6.62B-1.7% | 6.74B-9.0% | 7.40B-0.0% | |
| Sales/maturities of investments | 5.78B-0.1% | 5.79B+4.7% | 5.52B+45.3% | 3.80B-30.3% | 5.46B+10.9% | |
| Other investing activities | — | — | 0.00 | 0.00+100.0% | -19.0M-186.4% | |
| -1.62B+32.6% | -2.41B-45.1% | -1.66B+60.5% | -4.20B-408.1% | 1.36B+423.8% | ||
| Long-term debt issued | 750M-42.3% | 1.30B-44.3% | 2.33B+548.6% | 360M-96.1% | 9.27B+81.5% | |
| Long-term debt repaid | 1.90B+204.7% | 622M-73.1% | 2.32B+55.4% | 1.49B-80.0% | 7.43B+82.8% | |
| Common stock issued | 37.0M-19.6% | 46.0M+4.5% | 44.0M-37.1% | 70.0M+100.0% | 35.0M+25.0% | |
| Common stock repurchased | 475M-84.8% | 3.12B+91.3% | 1.63B-47.3% | 3.10B+942.4% | 297M-52.6% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -19.0M-216.7% | -6.00M | 0.00+100.0% | -27.0M-235.0% | 20.0M+5.3% | |
| FX effect on cash | 0.00-100.0% | 8.00M+125.0% | -32.0M-190.9% | -11.0M+0.0% | -11.0M-161.1% | |
| Net change in cash | 3.94B+219.5% | -3.30B-163.7% | 5.17B+695.9% | -868M-138.5% | 2.26B+292.2% | |
| Interest paid | 647M-6.0% | 688M+0.0% | 688M+4.7% | 657M-0.2% | 658M-9.2% | |
| Income taxes paid | 448M-55.3% | 1.00B+13.0% | 887M-26.0% | 1.20B+76.7% | 678M-43.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 20.2B-32.7% | 30.1B-24.2% | 39.6B-14.6% | 46.4B-3.3% | 48.0B+37.6% | |
| P/E | — | 9.1×-43.9% | 16.2×-29.7% | 23.1×-35.3% | 35.7×+84.6% | |
| P/S | 0.1×-43.6% | 0.2×-30.2% | 0.3×-19.5% | 0.3×-13.9% | 0.4×+21.3% | |
| P/B | 1.0×-10.9% | 1.1×-27.4% | 1.6×-14.4% | 1.8×+2.1% | 1.8×+32.3% | |
| P/FCF | 4.7× | — | 7.3×+17.3% | 6.2×-57.5% | 14.6×+93.5% | |
| Earnings yield | — | 11.0%+78.4% | 6.2%+42.2% | 4.3%+54.6% | 2.8%-45.8% | |
| FCF yield | 21.4% | — | 13.8%-14.8% | 16.1%+135.2% | 6.9%-48.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CNC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CNC filings on SEC EDGAR → Not investment advice.