Centene Corporation (CNC): financials, SEC filings and peers

Centene Corporation (CNC) is a managed health care company in the Health Care sector of the S&P 500, headquartered in St. Louis, Missouri.

It was founded in 1984 and joined the S&P 500 on March 30, 2016.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Hospital & Medical Service Plans”.

Centene Corporation at a glance

Revenue (12 months): $203.9B
Revenue growth: +9.7%
Operating margin: 0.5%
Net income (12 months): $1.5B
Free cash flow (12 months): $3.9B
Cash: $20.7B
Debt: $15.5B
Diluted EPS (12 months): $2.92

Twelve months to September 30, 2026, from the 10-Q filed October 27, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Centene Corporation reported revenue of $203.9 billion, up 9.7% from a year earlier.

Its operating margin was 0.5%, up 3.6 percentage points from a year earlier: for every $100 of sales, about $0 was left as operating profit.

Net income was $1.5 billion (0.7% of revenue).

Operating cash flow was $4.7 billion and capital spending $781 million, leaving free cash flow of $3.9 billion (1.9% of revenue).

At the end of the period it held $20.7 billion in cash and $15.5 billion in debt, a net cash position of $5.2 billion.

Five-year trend

Revenue went from $111.1 billion in fiscal 2020 to $194.8 billion in fiscal 2025, about 11.9% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin narrowed from 2.8% to -3.9% over the same years.
Free cash flow was negative in 1 of the last 6 fiscal years.
Centene Corporation reported a net loss in 1 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$126.0B	$144.5B	$154.0B	$163.1B	$194.8B
Revenue growth	13.4%	14.7%	6.5%	5.9%	19.4%
Operating margin	1.4%	0.9%	1.9%	1.9%	-3.9%
Net income	$1.3B	$1.2B	$2.7B	$3.3B	−$6.7B
Free cash flow	$3.3B	$5.3B	$7.3B	−$490M	$4.3B
Diluted EPS	$2.28	$2.07	$4.95	$6.31	$-13.53

Fiscal years as reported in Centene Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

8-K filed October 27, 2026 — Earnings results
10-Q filed October 27, 2026 — quarterly report
8-K filed October 8, 2026 — Other event
8-K filed September 16, 2026 — Regulation FD disclosure
8-K filed August 17, 2026 — Executive or director change; Regulation FD disclosure
8-K filed July 29, 2026 — Other event
8-K filed July 28, 2026 — Earnings results; Executive or director change
10-Q filed July 28, 2026 — quarterly report

All Centene Corporation filings on SEC EDGAR

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Questions about Centene Corporation

Is Centene Corporation's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $203.9 billion, up 9.7% from a year earlier, according to its SEC filings.

Is Centene Corporation profitable?

Yes. It earned $1.5 billion in net income over the twelve months to September 30, 2026, a net margin of 0.7%.

Does Centene Corporation have more cash or more debt?

At September 30, 2026 it had $20.7 billion in cash and $15.5 billion in debt, so more cash than debt.

When did Centene Corporation last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 27, 2026.

Which companies are similar to Centene Corporation?

In the S&P 500, Centene Corporation is grouped in Managed Health Care within the Health Care sector. Elevance Health (ELV), Humana (HUM), UnitedHealth Group (UNH) are in the same group.

Understand the numbers

Source: Centene Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.