Centene Corporation (CNC)
Health Care · Managed health care / health insurance
The nation's largest managed care insurer for underserved populations, connecting 27.6 million Medicaid, Medicare, and Marketplace members with affordable healthcare and social support services.
What Centene Corporation does
Centene Corporation is the nation's largest managed care company focused on underserved populations, serving more than 27 million members through Medicaid, Medicare, commercial, and other health insurance products. The company operates state-based health plans with local teams to deliver affordable, high-quality healthcare access to low-income families, individuals, seniors, and those with disabilities. Centene combines national scale and expertise with community-level partnerships to connect members to healthcare services and essential social determinants like food, housing, and transportation. The company operates across Medicaid (57% of 2025 revenues), Commercial (21%), Medicare (19%), and Other segments (3%).
Themes: ["Medicaid managed care","Medicare Advantage","Low-income / underserved populations","Dual eligible beneficiaries","Social determinants of health","Health Insurance Marketplace","Specialty pharmacy","Integrated behavioral health","Government-sponsored healthcare","Community-based care delivery"]
Fundamentals
- Price$67.60 as of 2026-07-09 close
- Market cap$33.2B as of 2026-07-10
- 1-year return+104.3% as of 2026-07-09 close
- Net margin-3.3% as of 2026-07-10
- Gross margin+7.2% as of 2026-07-10
- ROE-28.7% as of 2026-07-10
- Debt / equity0.76 as of 2026-07-10
- Revenue growth (YoY)+17.0% as of 2026-07-10
- Revenue CAGR (3y)+10.5% SEC XBRL
- Beta1.09 as of 2026-07-10
Key risks (from latest filing)
["Rate cuts or insufficient rate changes from state and federal government payors affecting Medicaid and Medicare revenue; exposure to policy changes from shifts in presidential administrations or Congress","Inaccurate prediction and management of medical costs and health benefits expenses, including unanticipated healthcare cost inflation, changes in consumer and provider behaviors, and reserve adequacy","Regulatory and compliance risks including changes to the ACA, Enhanced Advance Premium Tax Credits (eAPTCs), CMS Star ratings impacts, and ability to maintain contractual and regulatory compliance across third-party vendors"]
Competitors & peers
- UnitedHealth Group (UNH)
- Humana Inc. (HUM)
- CVS Health / Aetna (CVS)
- Anthem Inc. (ANTM)
- Molina Healthcare (MOH)
- WellCare Health Plans
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.