Centene Corporation (CNC) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Centene Corporation |
| Industry (SIC) | 6324 - Hospital and Medical Service Plans |
| Revenue in 2025 | $194,777 million (ranked #5 out of 110 companies in the industry) |
| Assets as of 12/31/2025 | $76,747 million (ranked #33) |
| Market Cap | $28,946 million (May 13, 2026) |
| Analyzed report | 12/31/2024 (filed 2/18/2025) |
Year:
Financial Position and Performance
| Compared with 2024 industry ratios | Change during the year |
|---|---|
|
about the same |
deteriorated |
| Compared with all listed companies |
|---|
|
about the same |
Financial Ratios Benchmarking
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (63 - Insurance Carriers) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
0.68
0.79
|
0.68
0.61
|
|
| Debt-to-equity ratio |
2.11
3.77
|
2.11
1.35
|
|
| Interest coverage ratio |
7.06
13.56
|
7.06
2.45
|
|
| Liquidity Ratios | |||
| Current Ratio |
1.11
8.37
|
1.11
1.78
|
|
| Cash Ratio |
0.49
8.37
|
0.49
0.59
|
|
| Profitability Ratios | |||
| Profit margin |
2%
8.1%
|
2%
3%
|
|
| ROE (Return on equity), after tax |
12.6%
13%
|
12.6%
5.1%
|
|
| ROA (Return on assets) |
3.9%
2.2%
|
3.9%
0.9%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
188
1485
|
188
776
|
|
| Resulting score | 0,0 | +0,1 | |
Year:
Additional Ratios (not used in score calculation)
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (63 - Insurance Carriers) |
with all listed companies | ||
| Profitability Ratios | |||
| Gross margin |
10.5%
46.4%
|
10.5%
43.6%
|
|
| Operating margin (Return on sales) |
3%
10.5%
|
3%
5.1%
|
|
| Activity Ratios | |||
| EBIT | $4,959M | ||
| EBITDA | $6,200M | ||
| Price Ratios | |||
| Earnings per Share (basic) | $6.33 | ||
| Earnings per Share (diluted) | $6.31 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Centene Corporation (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Hospital and Medical Service Plans" (SIC code 6324). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.
Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of Centene Corporation in 2024 is about the same as the typical financial condition of companies in the "Hospital and Medical Service Plans" industry.
A comparison of the Company's financial ratios with the average ratios for all industries leads to the same conclusion. The financial position of Centene Corporation is about the same as the average financial condition of listed companies that file financial statements with the U.S. Securities and Exchange Commission.
Financial Position and Performance History
More on Centene Corporation
Closest Competitors
| Company | USD ($), in Millions | |
|---|---|---|
| Revenue | Assets | |
| Cigna Group | 274,900 | 157,919 |
| Elevance Health, Inc. | 199,125 | 121,494 |
| Humana Inc. | 129,664 | 48,909 |
| Molina Healthcare Inc | 45,426 | 15,564 |
Financial Data Source and Analysis Principles
The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.
| much better (+1 - +2incl) | |
| better (from 0.11 to +1incl) | |
| about the same (from -0.11incl to +0.11incl) | |
| worse (from -1incl to -0.11) | |
| much worse (from -2incl to -1) |
Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:
| significantly improved (positive change of more than 1 point) | |
| improved (positive change of less than 1 point) | |
| unchanged (little or no change in score, no more than 0.11 points) | |
| deteriorated (the score has decreased by less than 1 point during the year) | |
| deteriorated significantly (the score has decreased by more than 1 point during the year) |
Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>