CNC Centene margins

Relative Growth: Rel. Growth: 40

Relative Strength: Rel. Strength: 87

Relative Valuation: Rel. Valuation: 39

Relative Profitability: Rel. Profitability: 10

Gross margin

7.8%

Operating margin

-2.8%

EBITDA margin

-1.3%

Net margin

-2.5%

Currently, Centene shows a gross margin of 7.8%, an operating margin of -2.8%, an EBITDA margin of -1.3%, and a net margin of -2.5%; its operating margin is negative at -2.8%, its EBITDA margin is negative at -1.3%, and its net margin is negative at -2.5%. All measured margins weakened year over year, led by operating margin with a decline of 3.9 percentage points.

CNC margin history

Gross, operating, EBITDA and net margin trends

Centene's margins averaged 9.41% gross, -0.11% operating, 1.58% EBITDA, and 0.05% net during the last 3 years. All four current margins are lower than their three-year averages.

CNC margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with operating and EBITDA margins showing the largest decrease at 3.9 percentage points.

Gross margin expansion

-1.1pp

Operating margin expansion

-3.9pp

EBITDA margin expansion

-3.9pp

Net margin expansion

-3.7pp

CNC Gross margin

Centene recorded an average gross margin of 9.41% across the last 3 years. Centene currently reports a gross margin of 7.8%, 1.6 percentage points below its three-year average. Over the last 3 years, Centene's gross margin peaked at 11.2% in Mar 2024 and reached a low of 7.1% in Dec 2025.

CNC Operating margin

Centene's operating margin averaged -0.11% during the last 3 years. Centene's current operating margin is -2.8% and is 2.7 percentage points below its three-year average. Over the last 3 years, Centene's operating margin peaked at 2.1% in Mar 2025 and reached a low of -3.9% in Dec 2025.

CNC EBITDA margin

Centene's EBITDA margin averaged 1.58% across the past 3 years. As of the latest period, Centene's current EBITDA margin is -1.3%, which is 2.9 percentage points below its three-year average. Over the last 3 years, Centene's EBITDA margin peaked at 3.8% in Mar 2025 and reached a low of -2.4% in Dec 2025.

CNC Net margin

Over the last 3 years, Centene's net margin averaged 0.05%. The current net margin of -2.5% is 2.6 percentage points below its three-year average. During this period, net margin reached a high of 2% in Mar 2025 and a low of -3.4% in Dec 2025.

CNC margin group comparison

Margins compared with peer-group, industry and sector averages

Centene's gross margin of 7.8% is below the Healthcare sector, the industry and its peers average. In comparison with its Healthcare sector average of 68.4%, Centene's gross margin is 89% lower.

CNC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Centene's gross margin?

The current gross margin for CNC is 7.8% as of Jun 30, 2026.

What is Centene's operating margin?

The current operating margin for CNC is -2.8% as of Jun 30, 2026.

What is Centene's EBITDA margin?

As of Jun 30, 2026, CNC has a negative EBITDA margin of -1.3%.

What is Centene's net margin?

The current net margin for CNC is -2.5% as of Jun 30, 2026.

What are the average margins of CNC?

Centene's average margins over the last 3 years were 9.4% gross, -0.1% operating, 1.6% EBITDA, and 0.1% net.

What are the highest historical margins of CNC?

Centene's highest recorded margins during the past 5 years were 11.7% gross in Sep 2023, 2.1% operating in Mar 2025, 4% EBITDA in Jun 2023, and 2% net in Mar 2025.

What are the lowest historical margins of CNC?

Over the last 5 years, Centene's lowest margins were 7.1% gross in Dec 2025, -3.9% operating in Dec 2025, -2.4% EBITDA in Dec 2025, and -3.4% net in Dec 2025.