Centene (CNC)
Runs Medicaid, Wellcare Medicare, and Ambetter Marketplace health plans for underserved US populations.
$63.30
After hours+0.01 (+0.02%)
At close$63.29(−2.62%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38,042 | 39,460 | 40,407 | 39,836 | 42,023 | 40,805 | 46,620 | 48,742 | 49,690 | 49,725 | 49,944 | 44,375 |
| Cost of revenue | 33,491 | 35,800 | 35,762 | 35,407 | 37,988 | 37,085 | 41,418 | 45,795 | 41,553 | 42,178 | 39,005 | 39,758 |
| Gross profit | 4,551 | 3,660 | 4,645 | 4,429 | 4,035 | 3,720 | 5,202 | 2,947 | 8,137 | 7,547 | 10,939 | 4,617 |
| 3,816 | 3,854 | 3,539 | 3,200 | 3,370 | 3,545 | 3,668 | 3,405 | 15,091 | 9,288 | 9,078 | 3,242 | |
| 3,048 | 3,488 | 3,218 | 2,894 | 3,057 | 3,231 | 3,353 | 3,036 | 3,145 | 3,729 | 3,397 | 3,103 | |
| General & administrative | 3,048 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,729 | 3,397 | 0 |
| Other expenses | 768 | 366 | 321 | 306 | 313 | 314 | 315 | 369 | 11,946 | 5,558 | 5,681 | 139 |
| Operating income | 735 | −194 | 1,106 | 1,229 | 665 | 175 | 1,534 | −458 | −6,954 | −1,740 | 1,861 | 1,375 |
| 33 | 218 | 367 | 287 | 256 | 172 | 212 | 201 | 280 | 197 | 238 | 111 | |
| Interest expense | 181 | 183 | 178 | 176 | 176 | 172 | 170 | 170 | 170 | 168 | 164 | 153 |
| Other non-operating income | −214 | −401 | −545 | −463 | −432 | −344 | −382 | −371 | −450 | −365 | −402 | −264 |
| Income before tax | 768 | 24 | 1,473 | 1,516 | 921 | 347 | 1,746 | −257 | −6,674 | −1,543 | 2,099 | 1,486 |
| Income tax expense | 293 | −15 | 315 | 370 | 211 | 67 | 432 | 2 | −42 | −443 | 560 | 399 |
| Net income from continuing operations | 475 | 39 | 1,158 | 1,146 | 710 | 280 | 1,314 | −259 | −6,632 | −1,100 | 1,541 | 1,087 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
| Net income | 469 | 45 | 1,163 | 1,146 | 713 | 283 | 1,311 | −253 | −6,631 | −1,100 | 1,541 | 1,091 |
| EPS, basic | $0.87 | $0.08 | $2.17 | $2.16 | $1.37 | $0.57 | $2.64 | −$0.51 | −$13.50 | −$2.24 | $3.13 | $2.21 |
| EPS, diluted | $0.87 | $0.08 | $2.16 | $2.16 | $1.36 | $0.56 | $2.63 | −$0.51 | −$13.50 | −$2.24 | $3.11 | $2.19 |
| Weighted average shares, basic | 540 | 534 | 535 | 530 | 522 | 500 | 496 | 494 | 491 | 491 | 492 | 494 |
| Weighted average shares, diluted | 541 | 538 | 538 | 531 | 524 | 502 | 498 | 494 | 491 | 491 | 496 | 498 |
| EBITDA | 1,277 | 522 | 1,959 | 1,998 | 1,410 | 833 | 2,231 | 228 | −6,188 | −1,046 | 2,563 | 1,778 |
| Depreciation & amortization | 328 | 315 | 308 | 306 | 313 | 314 | 315 | 315 | 316 | 329 | 300 | 139 |
| EBIT | 949 | 207 | 1,651 | 1,692 | 1,097 | 519 | 1,916 | −87 | −6,504 | −1,375 | 2,263 | 1,639 |