CNC Chart
About

Centene Corporation operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States. It operates through four segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment offers the temporary assistance for needy families; medicaid expansion; aged, blind, or disabled; and children's health insurance programs, as well as long-term services and supports; foster care; and medicare-medicaid plans. This segment also provides healthcare products and services. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual and commercial group. The Other segment operates clinical healthcare and pharmacies, as well as offers vision and dental, behavioral health, and centralized services. It provides services through primary and specialty care physicians, hospitals, behavioral health practitioners, and ancillary providers. The company was founded in 1984 and is headquartered in Saint Louis, Missouri.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Healthcare Plans Market Cap 17.30B
Enterprise Value 15.04B Income -6.67B Sales 176.15B
Book/sh 40.58 Cash/sh 41.32 Dividend Yield
Payout 0.00% Employees 61100 IPO
P/E Forward P/E 8.59 PEG
P/S 0.10 P/B 0.87 P/C
EV/EBITDA 5.87 EV/Sales 0.09 Quick Ratio 1.04
Current Ratio 1.10 Debt/Eq 90.56 LT Debt/Eq
EPS (ttm) -13.53 EPS next Y 4.09 EPS Growth
Revenue Growth 23.20% Earnings 2026-04-28 ROA 1.01%
ROE -28.68% ROIC Gross Margin 10.47%
Oper. Margin -1.88% Profit Margin -3.79% Shs Outstand 491.77M
Shs Float 458.98M Short Float 2.96% Short Ratio 1.86
Short Interest 52W High 66.03 52W Low 25.08
Beta 0.46 Avg Volume 6.29M Volume 621.67K
Target Price $43.41 Recom Hold Prev Close $34.76
Price $35.17 Change 1.18%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$43.41
Mean price target
2. Current target
$34.86
Latest analyst target
3. DCF / Fair value
$184.95
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.86
Low
$32.00
High
$70.00
Mean
$43.41

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-11 main Mizuho Neutral → Neutral $41
2026-03-04 main Morgan Stanley Equal-Weight → Equal-Weight $45
2026-02-18 main Wells Fargo Equal-Weight → Equal-Weight $44
2026-02-09 reit Cantor Fitzgerald Neutral → Neutral $41
2026-01-07 main Wells Fargo Equal-Weight → Equal-Weight $43
2026-01-05 up Barclays Equal-Weight → Overweight $54
2025-11-21 main Bernstein Outperform → Outperform $45
2025-11-12 main Wells Fargo Equal-Weight → Equal-Weight $35
2025-11-04 main JP Morgan Neutral → Neutral $38
2025-11-04 main Barclays Equal-Weight → Equal-Weight $44
2025-10-31 main TD Cowen Hold → Hold $34
2025-10-31 main Goldman Sachs Sell → Sell $38
2025-10-30 main UBS Neutral → Neutral $42
2025-10-30 main Cantor Fitzgerald Neutral → Neutral $41
2025-10-30 reit Truist Securities Buy → Buy $45
2025-10-14 main Morgan Stanley Equal-Weight → Equal-Weight $38
2025-10-14 init Goldman Sachs — → Sell $33
2025-10-09 main Mizuho Neutral → Neutral $40
2025-10-07 main Wells Fargo Equal-Weight → Equal-Weight $41
2025-09-12 main Truist Securities Buy → Buy $39
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 173573 Stock Award(Grant) at price 0.00 per share. ASHER ANDREW LYNN Chief Financial Officer 2026-01-26 00:00:00 D
1 173573 Stock Award(Grant) at price 0.00 per share. ASHER ANDREW LYNN Chief Financial Officer 2026-01-26 00:00:00 D
2 126925 Stock Award(Grant) at price 0.00 per share. KOSTER CHRISTOPHER A. General Counsel 2026-01-26 00:00:00 D
3 126925 Stock Award(Grant) at price 0.00 per share. KOSTER CHRISTOPHER A. General Counsel 2026-01-26 00:00:00 D
4 520720 Stock Award(Grant) at price 0.00 per share. LONDON SARAH M. Chief Executive Officer 2026-01-26 00:00:00 D
5 520720 Stock Award(Grant) at price 0.00 per share. LONDON SARAH M. Chief Executive Officer 2026-01-26 00:00:00 D
6 26036 Stock Award(Grant) at price 0.00 per share. CASSO KATIE Officer 2026-01-26 00:00:00 D
7 26036 Stock Award(Grant) at price 0.00 per share. CASSO KATIE Officer 2026-01-26 00:00:00 D
8 112823 Stock Award(Grant) at price 0.00 per share. SMITH SUSAN RAYE Chief Operating Officer 2026-01-26 00:00:00 D
9 112823 Stock Award(Grant) at price 0.00 per share. SMITH SUSAN RAYE Chief Operating Officer 2026-01-26 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-43.50M400.63M216.00M-390.48M
TaxRateForCalcs0.010.230.250.39
NormalizedEBITDA963.00M4.43B4.75B5.07B
TotalUnusualItems-5.74B1.77B864.00M-1.01B
TotalUnusualItemsExcludingGoodwill-5.74B1.77B864.00M-1.01B
NetIncomeFromContinuingOperationNetMinorityInterest-6.67B3.31B2.70B1.20B
ReconciledDepreciation1.27B1.24B1.29B1.43B
ReconciledCostOfRevenue180.91B146.24B136.68B127.89B
EBITDA-4.78B6.20B5.62B4.06B
EBIT-6.05B4.96B4.32B2.63B
NetInterestIncome-678.00M-702.00M-725.00M-665.00M
InterestExpense678.00M702.00M725.00M665.00M
NormalizedIncome-979.50M1.93B2.05B1.82B
NetIncomeFromContinuingAndDiscontinuedOperation-6.67B3.31B2.70B1.20B
TotalExpenses195.09B159.88B150.54B140.91B
TotalOperatingIncomeAsReported-7.62B3.17B2.93B1.32B
DilutedAverageShares493.12M523.74M545.70M582.04M
BasicAverageShares493.12M521.79M543.32M575.19M
DilutedEPS-13.536.314.952.07
BasicEPS-13.536.334.972.09
DilutedNIAvailtoComStockholders-6.67B3.31B2.70B1.20B
NetIncomeCommonStockholders-6.67B3.31B2.70B1.20B
NetIncome-6.67B3.31B2.70B1.20B
MinorityInterests3.00M11.00M3.00M0.00
NetIncomeIncludingNoncontrollingInterests-6.68B3.29B2.70B1.20B
NetIncomeContinuousOperations-6.68B3.29B2.70B1.20B
TaxProvision-51.00M963.00M899.00M760.00M
PretaxIncome-6.73B4.26B3.60B1.96B
OtherIncomeExpense-5.74B1.77B864.00M-1.01B
SpecialIncomeCharges-7.31B-13.00M-529.00M-2.29B
OtherSpecialCharges-1.00M-30.00M1.38B
WriteOff20.00M13.00M529.00M2.32B
ImpairmentOfCapitalAssets7.29B
GainOnSaleOfSecurity1.57B1.78B1.39B1.28B
NetNonOperatingInterestIncomeExpense-678.00M-702.00M-725.00M-665.00M
InterestExpenseNonOperating678.00M702.00M725.00M665.00M
OperatingIncome-312.00M3.19B3.46B3.64B
OperatingExpense14.18B13.64B13.86B13.02B
DepreciationAmortizationDepletionIncomeStatement1.27B1.24B1.29B1.43B
DepreciationAndAmortizationInIncomeStatement1.27B1.24B1.29B1.43B
Amortization685.00M692.00M718.00M817.00M
AmortizationOfIntangiblesIncomeStatement685.00M692.00M718.00M817.00M
DepreciationIncomeStatement590.00M549.00M575.00M614.00M
SellingGeneralAndAdministration12.90B12.40B12.56B11.59B
GeneralAndAdministrativeExpense10.17B
OtherGandA10.17B
InsuranceAndClaims0.00
GrossProfit13.87B16.83B17.32B16.66B
CostOfRevenue180.91B146.24B136.68B127.89B
TotalRevenue194.78B163.07B154.00B144.55B
ExciseTaxes-20.20B-17.57B-13.90B-9.07B
OperatingRevenue174.58B145.50B140.09B135.48B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber131.71M124.29M80.81M57.09M
OrdinarySharesNumber491.76M495.91M534.48M550.75M
ShareIssued623.46M620.20M615.29M607.85M
NetDebt4.47B636.00M5.95B5.72B
TotalDebt18.16B19.43B18.88B21.33B
TangibleBookValue4.59B3.44B2.18B-1.67B
InvestedCapital37.35B44.94B43.67B42.08B
WorkingCapital3.67B3.74B4.04B1.66B
NetTangibleAssets4.59B3.44B2.18B-1.67B
CapitalLeaseObligations761.00M896.00M1.05B3.31B
CommonStockEquity19.95B26.41B25.84B24.06B
TotalCapitalization37.30B44.83B43.55B41.99B
TotalEquityGrossMinorityInterest20.06B26.51B25.96B24.24B
MinorityInterest103.00M100.00M116.00M180.00M
StockholdersEquity19.95B26.41B25.84B24.06B
GainsLossesNotAffectingRetainedEarnings-58.00M-504.00M-652.00M-1.13B
OtherEquityAdjustments-58.00M-504.00M-652.00M-1.13B
TreasuryStock9.44B9.00B5.86B4.21B
RetainedEarnings8.67B15.35B12.04B9.34B
AdditionalPaidInCapital20.78B20.56B20.30B20.06B
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest56.69B55.94B58.69B52.63B
TotalNonCurrentLiabilitiesNetMinorityInterest20.00B21.67B21.97B24.17B
OtherNonCurrentLiabilities1.20B1.83B2.74B2.48B
PreferredSecuritiesOutsideStockEquity82.00M
NonCurrentDeferredLiabilities833.00M684.00M641.00M615.00M
NonCurrentDeferredTaxesLiabilities833.00M684.00M641.00M615.00M
LongTermDebtAndCapitalLeaseObligation17.97B19.16B18.59B21.07B
LongTermCapitalLeaseObligation615.00M738.00M880.00M3.13B
LongTermDebt17.35B18.42B17.71B17.94B
CurrentLiabilities36.70B34.26B36.72B28.46B
OtherCurrentLiabilities20.54B18.31B18.00B16.75B
CurrentDeferredLiabilities736.00M661.00M715.00M478.00M
CurrentDeferredRevenue736.00M661.00M715.00M478.00M
CurrentDebtAndCapitalLeaseObligation196.00M268.00M287.00M262.00M
CurrentCapitalLeaseObligation146.00M158.00M168.00M180.00M
CurrentDebt50.00M110.00M119.00M82.00M
OtherCurrentBorrowings50.00M110.00M119.00M82.00M
PayablesAndAccruedExpenses15.22B15.02B17.71B10.98B
Payables15.22B15.02B17.71B10.98B
OtherPayable1.59B2.01B1.46B1.63B
AccountsPayable13.63B13.02B16.25B9.35B
TotalAssets76.75B82.44B84.64B76.87B
TotalNonCurrentAssets36.38B44.45B43.88B46.74B
OtherNonCurrentAssets1.62B1.62B1.52B1.35B
InvestmentsAndAdvances17.04B17.43B16.29B14.68B
GoodwillAndOtherIntangibleAssets15.37B22.97B23.66B25.72B
OtherIntangibleAssets4.53B5.41B6.10B6.91B
Goodwill10.84B17.56B17.56B18.81B
NetPPE2.35B2.43B2.42B4.99B
AccumulatedDepreciation-2.23B-2.80B-2.40B-2.07B
GrossPPE4.59B5.23B4.82B7.05B
Leases277.00M273.00M252.00M467.00M
OtherProperties317.00M359.00M396.00M2.55B
MachineryFurnitureEquipment3.35B3.92B3.48B3.19B
BuildingsAndImprovements492.00M523.00M534.00M659.00M
LandAndImprovements145.00M156.00M156.00M178.00M
Properties0.000.000.000.00
CurrentAssets40.37B38.00B40.76B30.13B
OtherCurrentAssets1.95B1.60B5.57B2.46B
Receivables18.11B19.71B15.53B13.27B
AccountsReceivable18.11B19.71B15.53B13.27B
AllowanceForDoubtfulAccountsReceivable-134.00M-111.00M-120.00M-130.00M
GrossAccountsReceivable18.24B19.82B15.65B13.40B
CashCashEquivalentsAndShortTermInvestments20.32B16.68B19.65B14.39B
OtherShortTermInvestments2.43B2.62B2.46B2.32B
CashAndCashEquivalents17.89B14.06B17.19B12.07B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow4.32B-490.00M7.25B5.26B
RepurchaseOfCapitalStock-475.00M-3.12B-1.63B-3.10B
RepaymentOfDebt-1.90B-622.00M-2.32B-1.50B
IssuanceOfDebt750.00M1.30B2.33B360.00M
IssuanceOfCapitalStock37.00M46.00M44.00M70.00M
CapitalExpenditure-767.00M-644.00M-799.00M-1.00B
InterestPaidSupplementalData647.00M688.00M688.00M657.00M
IncomeTaxPaidSupplementalData448.00M1.00B887.00M1.20B
EndCashPosition17.96B14.16B17.45B12.33B
OtherCashAdjustmentOutsideChangeinCash-138.00M0.00-50.00M-16.00M
BeginningCashPosition14.16B17.45B12.33B13.21B
EffectOfExchangeRateChanges0.008.00M-32.00M-11.00M
ChangesInCash3.94B-3.30B5.20B-857.00M
FinancingCashFlow-1.62B-2.41B-1.66B-4.20B
CashFlowFromContinuingFinancingActivities-1.62B-2.41B-1.66B-4.20B
NetOtherFinancingCharges-38.00M-6.00M-88.00M-27.00M
NetCommonStockIssuance-438.00M-3.08B-1.59B-3.03B
CommonStockPayments-475.00M-3.12B-1.63B-3.10B
CommonStockIssuance37.00M46.00M44.00M70.00M
NetIssuancePaymentsOfDebt-1.15B678.00M19.00M-1.14B
NetLongTermDebtIssuance-1.15B678.00M19.00M-1.14B
LongTermDebtPayments-1.90B-622.00M-2.32B-1.50B
LongTermDebtIssuance750.00M1.30B2.33B360.00M
InvestingCashFlow472.00M-1.05B-1.19B-2.92B
CashFlowFromContinuingInvestingActivities472.00M-1.05B-1.19B-2.92B
NetOtherInvestingChanges19.00M
NetInvestmentPurchaseAndSale1.24B-1.40B-1.10B-2.93B
SaleOfInvestment5.78B5.79B5.52B3.80B
PurchaseOfInvestment-4.54B-7.18B-6.62B-6.74B
NetBusinessPurchaseAndSale0.00990.00M707.00M1.02B
SaleOfBusiness0.00990.00M707.00M2.48B
PurchaseOfBusiness0.000.00-1.46B-534.00M
CapitalExpenditureReported-767.00M-644.00M-799.00M-1.00B
OperatingCashFlow5.09B154.00M8.05B6.26B
CashFlowFromContinuingOperatingActivities5.09B154.00M8.05B6.26B
ChangeInWorkingCapital3.04B-4.50B3.55B2.32B
ChangeInOtherWorkingCapital155.00M18.00M406.00M156.00M
ChangeInOtherCurrentLiabilities2.29B298.00M2.12B3.24B
ChangeInOtherCurrentAssets-230.00M46.00M5.00M128.00M
ChangeInPayablesAndAccruedExpense-657.00M-528.00M3.40B421.00M
ChangeInReceivables1.48B-4.33B-2.38B-1.63B
ChangesInAccountReceivables1.48B-4.33B-2.38B-1.63B
OtherNonCashItems16.00M172.00M-33.00M-332.00M
StockBasedCompensation204.00M212.00M216.00M234.00M
AssetImpairmentCharge7.31B13.00M529.00M2.32B
DeferredTax-60.00M13.00M-78.00M-631.00M
DeferredIncomeTax-60.00M13.00M-78.00M-631.00M
DepreciationAmortizationDepletion1.27B1.24B1.29B1.43B
DepreciationAndAmortization1.27B1.24B1.29B1.43B
OperatingGainsLosses-3.00M-120.00M-152.00M-576.00M
GainLossOnSaleOfPPE0.000.00221.00M12.00M
GainLossOnSaleOfBusiness-2.00M-120.00M-152.00M-772.00M
NetIncomeFromContinuingOperations-6.68B3.29B2.70B1.20B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CNC
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status