CNC - CENTENE CORP

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	19.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+143%)	5.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-26%)	6.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-18%)	14.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+84%)	13.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+67%)	48.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+511%)	24.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+202%)	24.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+203%)	19.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+139%)	78.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+880%)	37.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+368%)	52.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+555%)	25.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+217%)	62.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+679%)	20.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+151%)	8.4% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5%)	21.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+174%)	—	—
EPS Growth YoY (%)	N/M	27.4% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	137.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-27.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-0.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	38.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-3.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	36.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	18.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	27.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	52.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	7525.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-98.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	13.8% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	0.5% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	0.5% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	22.3% Good ↓ Good Declining Year-over-year change in net income	124.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-10.8% Weak ↓ Weak Declining Year-over-year change in net income	-25.5% Weak ↓ Weak Declining Year-over-year change in net income	36.9% Excellent ↑ Excellent Improving Year-over-year change in net income	46.8% Excellent ↑ Excellent Improving Year-over-year change in net income	8.7% Fair ↓ Fair Declining Year-over-year change in net income	47.3% Excellent ↓ Excellent Declining Year-over-year change in net income	58.3% Excellent ↓ Excellent Declining Year-over-year change in net income	31.0% Excellent ↓ Excellent Declining Year-over-year change in net income	64.1% Excellent ↓ Excellent Declining Year-over-year change in net income	8781.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-98.3% Weak ↓ Weak Declining Year-over-year change in net income	17.3% Good ↑ Good Improving Year-over-year change in net income	13.3% Fair Fair Year-over-year change in net income	0.2% Caution Caution Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	46.1% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	61.7% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	-30.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	345.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	27.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-53.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-36.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	127.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-55.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	231.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	52.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	1.9% Caution ↓ Caution Declining Year-over-year change in free cash flow	72.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-58.5% Weak Weak Year-over-year change in free cash flow	43.9% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	10.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	24.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	28.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	31.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	22.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	38.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	43.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	55.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	38.0% Excellent → Excellent Stable Compound annual revenue growth over 3 years	45.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	34.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	28.3% Excellent Excellent Compound annual revenue growth over 3 years	16.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	11.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	16.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	20.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	24.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	25.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	37.3% Excellent → Excellent Stable Compound annual revenue growth over 5 years	35.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	40.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	41.0% Excellent → Excellent Stable Compound annual revenue growth over 5 years	50.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	38.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	32.2% Excellent Excellent Compound annual revenue growth over 5 years	26.4% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	39.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-13.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	9.7% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	21.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	15.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	27.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	32.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	430.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	28.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-72.6% Weak Weak Compound annual EPS growth over 3 years	4.8% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	-3.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-126%)	1.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	1.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	0.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	1.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	2.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	2.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	2.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	2.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	3.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	3.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	2.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	2.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	-0.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	3.6% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.5% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	3.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	—
Effective Tax Rate (%) (%)	0.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.0% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.3% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-3.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-129%)	2.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	1.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	1.6% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	1.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	1.5% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	1.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	1.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	1.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	1.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	0.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	2.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	2.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	—
FCF Margin (%) (%)	2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.8% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.5% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.65x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.15x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.68x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	4.37x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.45x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.57x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.75x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.43x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	4.13x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.91x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	105.73x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.69x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.68x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.88x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	-20.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	16.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.0% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	11.7% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	11.1% Good Good Return earned on debt + equity capital invested Optimal: > 10%	12.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-9.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	8.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-33.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-323%)	12.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	10.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	5.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	5.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-66%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	10.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	8.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-45%)	12.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	16.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	15.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	0.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	11.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	11.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	13.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+46%)	0.71x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.70x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+16%)	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	0.71x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.65x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	1.10x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+84%)	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.70x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+17%)	0.81x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+35%)	0.57x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6%)	0.50x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-16%)	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-12%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-10%)	0.37x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-38%)	0.41x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.51x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-15%)	—	—
Interest Coverage (x)	-11.78x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.61x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.04x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.98x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.68x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	4.23x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.32x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.25x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.70x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.81x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	16.40x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	13.26x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.29x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-1.33x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	9.37x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.73x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.47x Good Good Operating income divided by interest expense Optimal: > 5x	7.89x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-395.00M	$4.58B	$769.00M	$5.86B	$5.91B	$5.88B	$1.74B	$1.51B	$757.00M	$852.00M	$-537.00M	$-668.00M	$-321.17M	$-329.23M	$-225.35M	$327.82M	$-96.67M	$-379.10M	$-268.58M
Debt / EBITDA (x)	-2.49x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.01x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.12x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.10x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.67x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.53x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.04x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.55x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.51x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.56x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.66x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.98x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	22.39x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.50x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.69x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.22x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$394.99	$312.52	$283.44	$251.30	$216.15	$194.69	$180.51	$154.05	$140.30	$127.24	$95.55	$71.17	$50.18	$42.07	$26.60	$22.81	$23.83	$19.44	—
Basic EPS, GAAP (USD)	$-13.53	$6.33	$4.97	$2.09	$2.31	$3.17	$3.19	$2.31	$2.40	$1.76	$1.49	$1.17	$0.76	$0.01	$0.56	$0.49	$0.48	$0.48	—
Free Cash Flow per Share (USD)	$8.76	$-0.94	$13.35	$9.14	$5.65	$8.12	$1.82	$1.43	$3.09	$4.84	$2.13	$4.81	$1.45	$0.95	$0.94	$0.54	$1.30	$0.91	—
Book Value per Share (USD)	$40.57	$53.26	$48.35	$43.68	$46.00	$44.32	$30.24	$26.47	$19.75	$17.14	$8.96	$7.36	$5.58	$4.55	$4.60	$4.00	$3.49	—	—
Tangible Book Value per Share (USD)	$9.33	$6.94	$4.08	$-3.02	$-1.37	$-2.18	$8.73	$4.03	$2.03	$-1.05	$4.82	$3.67	$3.78	$3.23	$3.08	$2.45	$2.06	—	—
Basic Weighted Avg Shares (shares)	493.12M	521.79M	543.32M	575.19M	582.83M	570.72M	413.49M	390.25M	344.85M	319.14M	238.20M	232.69M	216.51M	206.04M	200.80M	195.02M	172.14M	173.10M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$3.67B	$3.74B	$4.04B	$1.66B	$2.73B	$1.81B	$7.39B	$27.00M	$-629.00M	$-258.00M	$-24.00M	$134.00M	$241.05M	$176.51M	$102.40M	$-108.42M	$-99.77M	—	—
LT Debt (USD)	$17.49B	$18.64B	$17.96B	$17.94B	$19.03B	$16.68B	$13.86B	$6.85B	$4.83B	$4.78B	$1.22B	$878.00M	$653.13M	$514.73M	$348.34M	$327.82M	$307.08M	—	—
Total Equity (USD)	$19.95B	$26.41B	$25.84B	$24.06B	$26.80B	$25.77B	$12.55B	$10.92B	$6.85B	$5.89B	$2.16B	$1.74B	$1.23B	$953.06M	$935.63M	$793.94M	$600.85M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$194.78B	$163.07B	$154.00B	$144.55B	$125.98B	$111.11B	$74.64B	$60.12B	$48.38B	$40.61B	$22.76B	$16.56B	$10.86B	$8.67B	$5.34B	$4.45B	$4.10B	$3.36B	—
Depreciation Expense (USD)	$590.00M	$549.00M	$575.00M	$614.00M	$565.00M	$487.00M	$342.00M	$237.00M	$161.00M	$101.00M	$78.00M	$65.00M	$52.23M	$50.11M	$42.25M	$37.13M	—	—	—
Net Income, GAAP (USD)	$-6.67B	$3.31B	$2.70B	$1.20B	$1.35B	$1.81B	$1.32B	$900.00M	$828.00M	$562.00M	$355.00M	$271.00M	$165.10M	$1.86M	$111.22M	$94.84M	$83.67M	$83.50M	—
Operating Cash Flow (USD)	$5.09B	$154.00M	$8.05B	$6.26B	$4.21B	$5.50B	$1.48B	$1.23B	$1.49B	$1.85B	$658.00M	$1.22B	$382.53M	$278.69M	$261.70M	$168.93M	$248.19M	$221.98M	—

CENTENE CORP

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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