--- title: "Centene Corporation: Metrics Guide" description: "Centene Corporation revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/centene-corporation/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Centene Corporation: Financial & Operating Metrics Guide ## Direct Answer Centene Corporation reported revenue of $195 billion for the fiscal year ended December 31, 2025, with an operating margin of -3.9% and net income of -$6.7 billion, according to its SEC filings. Revenue grew 19.4% from the prior year. ## What Are Centene Corporation's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $195 billion | $163 billion | $154 billion | $145 billion | | Operating income | -$7.6 billion | $3.2 billion | $2.9 billion | $1.3 billion | | Operating margin | -3.9% | 1.9% | 1.9% | 0.9% | | Net income | -$6.7 billion | $3.3 billion | $2.7 billion | $1.2 billion | | Net margin | -3.4% | 2.0% | 1.8% | 0.8% | | Operating cash flow | $5.1 billion | $154 million | $8.1 billion | $6.3 billion | | Capital expenditures | $767 million | $644 million | $799 million | $1.0 billion | | Free cash flow | $4.3 billion | -$490 million | $7.3 billion | $5.3 billion | Operating margin narrowed by 5.9 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $4.3 billion against net income of -$6.7 billion; cash generation covered reported earnings. ![Bar chart of Centene Corporation revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $195 billion, operating income negative $7.6 billion and net income negative $6.7 billion.](https://www.getswoopr.com/images/charts/centene-corporation-metrics-revenue-profit.webp) *Centene Corporation revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Centene Corporation operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was -3.9% and net margin was -3.4%.](https://www.getswoopr.com/images/charts/centene-corporation-metrics-margins.webp) *Centene Corporation operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Centene Corporation operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $5.1 billion, capital expenditures was $767 million, free cash flow was $4.3 billion.](https://www.getswoopr.com/images/charts/centene-corporation-metrics-cash-flow.webp) *Centene Corporation operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Centene Corporation's Balance Sheet Show? | Cash and cash equivalents | $17.9 billion | | --- | --- | | Long-term debt | $17.4 billion | | Total assets | $76.7 billion | | Total liabilities | $56.7 billion | | Shareholders' equity | $20.0 billion | | Current ratio | 1.1x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Centene Corporation reported in its own SEC filings, read from the SEC's XBRL data (accession 0001071739-26-000049 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Centene Corporation's revenue in fiscal 2025? Centene Corporation reported revenue of $195 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Centene Corporation's operating margin? Centene Corporation's operating margin was -3.9% in fiscal 2025: operating income of -$7.6 billion on revenue of $195 billion. ### How much free cash flow did Centene Corporation generate? Operating cash flow of $5.1 billion less capital expenditures of $767 million gives free cash flow of $4.3 billion for fiscal 2025. ## References - [SEC EDGAR: CENTENE CORP Form 10-K filed February 17, 2026](https://www.sec.gov/Archives/edgar/data/1071739/000107173926000049/cnc-20251231.htm) - [SEC EDGAR: CENTENE CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1071739&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Centene Corporation company dossier](https://www.getswoopr.com/stocks/companies/centene-corporation/) - [Centene Corporation financial metrics](https://www.getswoopr.com/stocks/companies/centene-corporation/metrics/) - [Centene Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/centene-corporation/risks/) - [Centene Corporation peer comparison](https://www.getswoopr.com/stocks/companies/centene-corporation/competitors/) - [Centene Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/centene-corporation/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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