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Centene Corporation

NYSE•CNC
CEO: Ms. Sarah M. London
板块: Healthcare
行业: Medical - Healthcare Plans
上市日期: 2001-12-13
Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support. This segment also provides healthcare products. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual, small, and large group commercials. It also operates clinical healthcare and pharmacies, as well as offers dental and speech therapy services. In addition, the company engages in the government contracts business under the TRICARE program and other healthcare related government contracts. It provides services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in Saint Louis, Missouri.
联系方式
Centene Plaza, 7700 Forsyth Boulevard, Saint Louis, MO, 63105, United States
314-725-4477
www.centene.com
市值
$18.43B
市盈率 (TTM)
-2.8
25.3
股息率
--
52周最高
$64.15
52周最低
$25.08
52周范围
32%
排名24Top 10.8%
5.7
F-Score
改良版 Piotroski 分析
基于 10 年期基本面
一般 • 5.7 / 9 分
评分区间 (0-9)
8-9: 价值优异
6-7: 基本面强劲
4-5: 整体稳健
0-3: 表现疲弱
数据范围: 2016-2025

财务仪表盘

Q4 2025 数据

营业收入

$49.73B+0.00%
近4季度走势

每股收益

-$2.24+0.00%
近4季度走势

自由现金流

$224.00M+0.00%
近4季度走势

2025 Annual 财报亮点

核心亮点

Total Revenue Growth Total revenues reached $194.8 B, a 19% increase, driven by PDP yield, Marketplace growth, and premium tax revenue.
Operating Cash Flow Surge Operating cash flows were $5.1 B, a massive increase from $154 M in 2024, reflecting improved rebate timing.
Medicare Segment Expansion Medicare revenues grew 62% to $37.210 B, primarily driven by increased PDP premium yield and IRA changes.
Improved Expense Ratios SG&A expense ratio improved to 7.4% for 2025, down from 8.5% in 2024, showing cost discipline.

关注风险

Massive Goodwill Impairment Recorded $7.311 B total impairment charges, including $6.7 B goodwill impairment due to OBBBA and stock price decline.
HBR Deterioration Health Benefits Ratio rose to 91.9% from 88.3%, driven by lower Marketplace risk adjustment revenue.
Medicaid Membership Decline Total membership fell 3% to 27.6 M, primarily due to ongoing Medicaid redeterminations following the PHE expiration.
Commercial Margin Pressure Commercial segment gross margin dropped 33% due to lower estimated risk adjustment revenue and increased medical costs.

前瞻展望

Divestiture Completion Signed agreement to divest remaining Magellan Health businesses in December 2025, streamlining portfolio focus on core managed care.
2026 Rate Adjustments Completed refiling 2026 Marketplace rates to reflect higher projected morbidity baseline and corrective pricing actions.
Future Capital Flow Expecting net dividends of approximately $1.2 B from regulated subsidiaries during 2026 to fund capital expenditures.
D-SNP Integration Focus Continuing enterprise focus on D-SNP opportunity ahead of 2030 mandate for integrated dual-eligible care alignment.

同行对比

营业收入 (TTM)

CNC stock ticker logoCNC
$194.78B
+19.4%
MOH stock ticker logoMOH
$45.43B
+11.7%
FMS stock ticker logoFMS
$22.15B
+1.5%

毛利率 (最新季度)

RPRX stock ticker logoRPRX
100.0%
+0.0pp
GMAB stock ticker logoGMAB
92.3%
-0.7pp
INCY stock ticker logoINCY
90.9%
+1.8pp

关键指标

股票代码
市值
市盈率 (TTM)
净资产收益率 (TTM)
负债率
UTHR$25.32B19.219.3%0.0%
RPRX$20.75B27.111.9%45.6%
ILMN$19.41B22.934.9%38.4%

长期趋势

近4季度
营业收入
净利润
经营现金流
4季度营收复合增长率
2.2%
温和增长
4季度净利润复合增长率
N/M
盈利状态转变
现金流稳定性
100%
现金流表现优异

深度研究

下次财报:2026年4月23日
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每股收益:-
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营业收入:-
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