FINHUB Insights

CNC · Q1 FY25 · Jan 1 – Mar 31, 2025

Centene Q1 FY25: where the revenue came from and where it went

Centene Q1 FY25: revenue $46.6B (+15% year over year). Net profit $1.3B. Largest cohort Medicaid $26.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
Apr 25, 2025 10-Q
Sankey diagram of Centene's income statement for Q1 FY25: revenue of $46.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$46.6B +15% year over year
Gross profit$5.3B 11% margin
Operating profit$1.5B 3% margin
Net profit$1.3B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 46.6 100% +15%
Medicaid 26.4 57%
Commercial 10.1 22%
Medicare 8.8 19%
Other/Eliminations 1.3 3%
Cost of revenue−41.389%
Gross profit5.311% margin+0pp
SG&A−3.47%−1pp
Other−0.41%+0pp
Operating profit1.53% margin+1pp
Tax−0.4
Net profit1.33%+0pp
Filing on EDGAR More quarters of CNC

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters