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CNC

Health Care · Managed Health Care

Centene: revenue, profit and cash flow

In fiscal 2025, Centene had revenue of $195B, up 23.9% a year on average since 2015, and a net loss of $6.67B. It has 100% more shares than in 2015.

Revenue, fiscal 2025

$195B+23.9% a year

average annual revenue growth since 2015 · +19.4% vs 2024

Net income, 2025
−$6.67B
−3.4% of revenue
Diluted EPS, 2025
−$13.53
Revenue growth, 5 years
11.9% a year
since 2020
Shares, 2025
493M
+100.3% since 2015
Free cash flow, 2025
$4.32B
$5.09B from operations − $767M capex
Ticker
CNC · NYSE
Sector
Health Care
Sub-industry
Managed Health Care
Headquarters
St. Louis, Missouri
Founded
1984
In the S&P 500 since
March 30, 2016
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Centene Corp · CIK 0001071739

Revenue and net income

Revenue went from $3.36B in 2008 to $195B in 2025. Net loss in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $0.47 in 2008 to −$13.53 in 2025.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

100.3% more shares in 2025 than in 2015 (246M → 493M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $4.32B in 2025, 2.2% of revenue. Negative in 2024.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSSharesOperating cash flowCapexFree cash flow
2025$195B−$6.67B−3.4%−$13.53493M$5.09B$767M$4.32B
2024$163B$3.31B2.0%$6.31524M$154M$644M−$490M
2023$154B$2.7B1.8%$4.95546M$8.05B$799M$7.25B
2022$145B$1.2B0.8%$2.07582M$6.26B$1.0B$5.26B
2021$126B$1.35B1.1%$2.28591M$4.21B$910M$3.29B
2020$111B$1.81B1.6%$3.12579M$5.5B$869M$4.63B
2019$74.6B$1.32B1.8%$3.14420M$1.48B$730M$753M
2018$60.1B$900M1.5%$2.26399M$1.23B$675M$559M
2017$48.4B$828M1.7%$2.34353M$1.49B$422M$1.07B
2016$40.6B$562M1.4%$1.71328M$1.85B$306M$1.54B
2015$22.8B$355M1.6%$1.44246M$658M$150M$508M
2014$16.6B$271M1.6%$1.12241M$1.22B$103M$1.12B
2013$10.9B$165M1.5%$0.73225M$382M$68M$314M
2012$8.11B$2.0M0.0%$0.01215M$279M$82M$197M
2011$5.21B$111M2.1%$0.53210M$262M$73.7M$188M
2010$4.45B$94.8M2.1%$0.47202M$169M$119M$50.4M
2009$4.1B$83.7M2.0%$0.47177M$248M$23.7M$224M
2008$3.36B$83.5M2.5%$0.47178M$222M$65.2M$157M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

Stock splits

Found in the filings; per-share figures and share counts on this page are on today’s share basis.

About these figures

Other Managed Health Care companies

All 60 Health Care companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.