How Centene (CNC) Makes Money: A Visual Guide
Centene (CNC) generated $194.78B in revenue (TTM through Q4 2025) but reported a net loss of $6.67B. Its largest revenue source is Medicaid Segment (75.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Centene (CNC) Income Statement Flow
Frequently asked questions
How does Centene (CNC) make money?
- Centene (CNC) primarily makes money through Medicaid Segment, which accounts for 75.8% of total revenue. For TTM through Q4 2025, Centene generated $194.78B in total revenue with a net profit margin of -3.4%.
What is Centene (CNC) gross profit margin?
- Centene (CNC) reported a gross profit margin of 12.2% for TTM through Q4 2025, equivalent to $23.83B in gross profit. This means Centene retains 12.2% of each revenue unit after direct costs of production.
What is Centene (CNC) operating profit margin?
- Centene (CNC) reported an operating profit margin of -3.9% for TTM through Q4 2025, equivalent to −$7.62B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Centene (CNC) net profit margin?
- Centene (CNC) reported a net profit margin of -3.4% for TTM through Q4 2025, equivalent to −$6.67B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Centene (CNC) spend on capital expenditures?
- Centene (CNC) spent $767.00M on capital expenditures in TTM through Q4 2025 (0.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Centene (CNC) free cash flow?
- Centene (CNC) generated $4.32B in free cash flow for TTM through Q4 2025 (2.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.