CNC FINANCIAL STATEMENTS

Centene Corp — balance sheet, income statement and cash flow trends

CNCCentene Corp

🇺🇸 USA · US · Healthcare · Healthcare Plans

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue198.1 B $+17.0%

Gross Profit29.6 B $+70.1%

Operating Income-7.3 B $-302.4%

EBITDA-4.4 B $-168.6%

Net Income-6.4 B $-286.6%

Peer Comparison· Healthcare Plans

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CNC	17.0%	14.9%	-2.2%	-3.3%
AZN	9.9%	81.6%	33.7%	17.2%
CSL	4.8%	48.6%	32.8%	9.2%
PHIA	-1.9%	45.2%	15.4%	5.5%
FRE	4.2%	25.2%	15.6%	6.4%
SHL	-0.3%	38.0%	19.1%	9.1%
Industry median	9.6%	14.5%	2.4%	0.8%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CNC	17.0%	14.9%	-2.2%	-3.3%
HUM	14.1%	14.0%	2.1%	0.8%
CI	8.8%	9.3%	4.4%	2.3%
ELV	9.4%	23.2%	4.4%	2.6%
MOH	7.7%	8.5%	1.4%	0.4%
OSCR	31.9%	17.4%	0.1%	-0.3%
Industry median	9.6%	14.5%	2.4%	0.8%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity21.4 B $26%
Current Liabilities40 B $49%
Long-term Liabilities19.6 B $24%

Key Figures

YoY change

Total Assets81.2 B $-6.7%

Total Liabilities59.6 B $+1.1%

Total Equity21.4 B $-23.2%

Cash & ST Investments23.7 B $+37.3%

Total Debt16.4 B $-10.6%

Net Debt-4.9 B $-239.6%

Peer Comparison· Healthcare Plans

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
CNC	1.12	76.4%	1.66	26.4%
AZN	0.91	71.7%	1.29	41.5%
CSL	2.57	67.4%	2.22	49.2%
PHIA	1.32	71.1%	2.03	41.8%
FRE	1.27	60.2%	2.73	46.7%
SHL	1.10	84.1%	3.04	40.6%
Industry median	1.19	75.2%	-1.10	29.1%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
CNC	1.12	76.4%	1.66	26.4%
HUM	1.26	75.3%	-2.80	33.6%
CI	0.82	73.2%	1.89	27.5%
ELV	1.48	72.5%	-0.42	34.9%
MOH	1.63	96.7%	-8.60	24.9%
OSCR	1.09	25.9%	-331.18	17.9%
Industry median	1.19	75.2%	-1.10	29.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow7.2 B $+238.6%

Capital Expenditures832 M $+32.5%

Free Cash Flow6.3 B $+325.3%

Dividends Paid——

Peer Comparison· Healthcare Plans

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CNC	3.6%	3.2%	0.4%	-111.4%
AZN	23.5%	14.5%	9.0%	136.9%
CSL	24.0%	20.3%	3.7%	261.5%
PHIA	13.0%	10.8%	2.2%	236.4%
FRE	12.7%	6.3%	6.4%	198.8%
SHL	12.2%	8.7%	3.5%	134.0%
Industry median	3.7%	3.2%	0.5%	176.5%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CNC	3.6%	3.2%	0.4%	-111.4%
HUM	1.3%	0.9%	0.4%	163.2%
CI	3.2%	2.8%	0.4%	140.1%
ELV	3.8%	3.2%	0.6%	145.1%
MOH	0.8%	0.6%	0.2%	189.9%
OSCR	21.3%	21.0%	0.3%	-7,191.4%
Industry median	3.7%	3.2%	0.5%	176.5%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.