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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›CNC›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

CENTENE CORP (CNC) financials

Income statement

CENTENE CORP (CNC) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$37.6B$45.6B$56.4B$70.4B$104B$118B$135B$140B$146B$175B
Revenue growth—21.4%23.7%24.7%47.5%13.7%14.8%3.4%3.9%20.0%
Gross profit—————$14.5B$16.9B$17.6B$17.1B$14.2B
Gross margin—————12.3%12.5%12.6%11.7%8.1%
Operating income$1.26B$1.20B$1.46B$1.78B$3.08B$1.78B$1.32B$2.93B$3.17B-$7.62B
Operating margin3.4%2.6%2.6%2.5%3.0%1.5%1.0%2.1%2.2%-4.4%
Net income$562M$828M$900M$1.32B$1.81B$1.35B$1.20B$2.70B$3.31B-$6.67B
Net margin1.5%1.8%1.6%1.9%1.7%1.1%0.9%1.9%2.3%-3.8%
EPS (diluted)$1.71$2.34$2.26$3.14$3.12$2.28$2.07$4.95$6.31-$13.53

Cash flow

CENTENE CORP (CNC) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.85B$1.49B$1.23B$1.48B$5.50B$4.21B$6.26B$8.05B$154M$5.09B
Capital expenditures$306M$422M$675M$730M$869M$910M$1.00B$799M$644M$767M
Free cash flow$1.54B$1.07B$559M$753M$4.63B$3.29B$5.26B$7.25B-$490M$4.32B
Share buybacks$63.0M$65.0M$71.0M$75.0M$626M$297M$3.10B$1.63B$3.12B$475M

Balance sheet

CENTENE CORP (CNC) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$3.93B$4.07B$5.34B$12.1B$10.8B$13.1B$12.1B$17.2B$14.1B$17.9B
Total assets$20.2B$21.9B$30.9B$41.0B$68.7B$78.4B$76.9B$84.6B$82.4B$76.7B
Total liabilities$14.1B$15.0B$19.9B$28.3B$42.8B$51.4B$52.6B$58.7B$55.9B$56.7B
Long-term debt$4.65B$4.70B$6.65B$13.6B$16.7B$18.6B$17.9B$17.7B$18.4B$17.4B
Shareholders' equity$5.89B$6.85B$10.9B$12.6B$25.8B$26.8B$24.1B$25.8B$26.4B$20.0B
Retained earnings$1.92B$2.75B$3.66B$4.98B$6.79B$8.14B$9.34B$12.0B$15.3B$8.67B
Shares (wtd avg diluted)328M353M399M420M579M591M582M546M524M493M

Every figure is extracted from CENTENE CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is CENTENE CORP's annual revenue?
CENTENE CORP (CNC) reported $175B of revenue for fiscal year 2025 — up 20.0% from $146B in FY2024, per its annual report filed with the SEC.
Is CENTENE CORP profitable?
Not in FY2025 — CNC reported a net loss of $6.67B, per SEC filings.
What is CENTENE CORP's free cash flow?
$4.32B in FY2025 (operating cash flow $5.09B minus $767M of capital expenditures), from the SEC cash-flow statement.
Does CNC pay a dividend?
CENTENE CORP reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CNC analysis — verdict, score & filings →Is CNC a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.