CENTENE CORP (CNC) closed fiscal year 2025 with a gross margin of 7.3 % and a net margin of -3.4 %.
CENTENE CORP (CNC) closed fiscal year 2025 with a gross margin of 7.3 % and a net margin of -3.4 %. The same year shows an EBITDA margin of -3.3 % and an EBIT margin of -3.9 %. The free cash flow margin was 2.2 %. Against the previous year the gross margin moved −3.2 pp and the net margin −5.5 pp. Across the period the gross margin ranges between 7.3 % in 2025 and 20.0 % in 2016. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 19.83 % | 19.79 % | 17.98 % | 18.08 % | 15.30 % | 14.19 % | 15.71 % | 17.12 % | 19.96 % | 17.95 % | 19.42 % | 17.84 % | 19.39 % | 11.50 % | 11.70 % | 11.45 % | 10.47 % | 7.30 % |
| EBITDA margin (%) | 4.96 % | 4.44 % | 4.70 % | 5.03 % | 2.15 % | 3.17 % | 3.34 % | 3.59 % | 3.79 % | 3.22 % | 3.25 % | 3.25 % | 3.91 % | 2.48 % | 1.90 % | 2.74 % | 2.71 % | -3.26 % |
| EBIT margin (%) | 3.91 % | 3.37 % | 3.53 % | 3.91 % | 1.33 % | 2.55 % | 2.80 % | 3.10 % | 3.11 % | 2.48 % | 2.43 % | 2.39 % | 2.77 % | 1.42 % | 0.91 % | 1.90 % | 1.95 % | -3.91 % |
| Net margin (%) | 2.48 % | 2.04 % | 2.13 % | 2.13 % | 0.02 % | 1.52 % | 1.64 % | 1.56 % | 1.38 % | 1.71 % | 1.50 % | 1.77 % | 1.63 % | 1.07 % | 0.83 % | 1.75 % | 2.03 % | -3.43 % |
| FCF margin (%) | 4.66 % | 5.47 % | 1.13 % | 3.61 % | 2.43 % | 2.89 % | 6.76 % | 2.23 % | 3.80 % | 2.21 % | 0.93 % | 1.01 % | 4.17 % | 2.62 % | 3.64 % | 4.71 % | -0.30 % | 2.22 % |
