CNC Centene Corporation Common Stock
NYSE · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 28, 2026CNC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Feb. 7, 2019 | 2-for-1 | Forward |
| Feb. 20, 2015 | 2-for-1 | Forward |
| Dec. 20, 2004 | 2-for-1 | Forward |
| July 14, 2003 | 3-for-2 | Forward |
About Centene Corporation Common Stock Company overview from Wikipedia
Centene Corporation is an American for-profit healthcare company that serves as an intermediary for government-sponsored and privately insured healthcare programs. Based in Clayton, Missouri, Centene ranked No. 23 on the 2025 Fortune 500.
History
Centene was founded by Elizabeth Brinn as Managed Health Services in Milwaukee, Wisconsin, in 1984. After the death of Brinn, the non-profit organization was sold to investors. The proceeds went to the Betty Brinn Foundation, which became a major shareholder in Centene. In 1996, Michael Neidorff joined the company as chief executive.
Centene went public in December 2001. In 2006, the firm acquired US Script, a pharmacy benefits manager. The company later merged US Script with subsidiaries to form its Envolve divisions. In 2011, the firm formed Centurion, a provider of correctional health care services, as a joint venture with MHM Services. In 2018, it acquired MHM Services, including its stake in Centurion. Centene began offering state-run Medicaid programs through Affordable Care Act exchanges in 2014.
In July 2015, Centene announced it would acquire Health Net and Trillium Community Health Plan (serving Oregon). In March 2016, it finalized its acquisition. In September 2017, it announced that it would acquire Fidelis Care, a nonprofit insurer in New York, for US$3.75 billion. In March 2019, it announced plans to acquire WellCare for US$17.3 billion, a deal completed in January 2020. In January 2021, it was announced that it would acquire Magellan Health for $2.2 billion. In January 2022, the acquisition was completed.
In the United Kingdom, Centene began to acquire local healthcare services in 2017. In 2019, Centene, through its subsidiary MH Services, took a 40% stake in Circle Health, as part of a deal which created a national network of over 50 private hospitals. Centene gained full control of Circle Health in July 2021, and sold the business to PureHealth in August 2023.
In early 2021, Operose Health, a UK subsidiary of Centene, took over a group of London practices, AT Medics.
In May 2022, Centene sold off its pharmacy benefit management businesses, Magellan Rx and PANTHERx Rare, for a total of $2.8 billion.
In January 2023, Centene sold Centurion, and in December that year, sold Operose Health to HCRG Care Group.
Leaders
In 2020, CEO Michael Neidorff's compensation of nearly $25 million made him the highest-paid healthcare executive in the United States.
In December 2021, Politan Capital Management took a $900 million stake in Centene. Weeks later, Neidorff announced plans to retire within a year. He actually stepped down in March 2022.
He was replaced by Sarah London.
Controversies
In 2014, Fox News alleged that Superior HealthPlan of Texas denied coverage of an infant's surgery for brain cancer at Texas Children's Hospital. Superior HealthPlan is a joint venture of Centene and Community Health Centers Network LP, which provides services for Medicaid recipients. The article reported that Superior HealthPlan had previously paid healthcare claims for the infant at the hospital, although Superior HealthPlan stated that it did not cover procedures at the facility. Three days after the article was published, Superior HealthPlan reversed its decision and covered the surgery.
In January 2018, a class action lawsuit accused Centene's Ambetter marketplace healthcare plans of misleading enrollees about plan benefits. According to the lawsuit, people who bought Centene's plans had difficulty finding medical providers that accepted patients covered under Centene's policies.
In December 2018, Centene was sued by two pension funds alleging that Centene's acquisition of Health Net resulted in damages to Centene and exposed the company to potential liability. The suit also alleged that Centene concealed that Health Net owed approximately $1B in past tax liabilities to California and was under investigation for Medicare fraud at the time of the acquisition. The suit was dismissed in 2020, and in April 2022 the U.S. Court of Appeals for the Eighth Circuit affirmed the dismissal.
In 2022, Operose Health had almost 600,000 NHS patients and was the largest supplier of GP services to the NHS. It was accused of putting patients at risk by prioritising profit, specifically by hiring physician associates, because they were cheaper than GPs. At Operose practices the average number of full time equivalent GPs per patients is about half the average in English practices. Sir Sam Everington said he was worried to see physician associates saying they were not receiving the supervision they needed. The practice had a backlog of thousands of medical test results and hospital letters on their computer systems. Operose said 97% of its practices were rated "good" or "outstanding" by the Care Quality Commission.
In April 2026, Centene Corporation reportedly ended coverage of hormone replacement therapy for transgender patients in its Ambetter Insurance medicare and medicaid plans across 19 states without informing customers.
Settlements
In April 2021, Health Net Federal Services, a subsidiary of Centene, agreed to pay $97M to settle allegations that it had duplicated or inflated claims submitted to the Department of Veterans Affairs.
Between June 2021 and January 2022, Centene agreed to settlements with several states on behalf of their subsidiary, Envolve, a pharmacy benefit manager, including Ohio, Mississippi, Illinois, Arkansas, and New Hampshire to resolve allegations of overpayments to the PBM from the states' Medicaid programs. The settlements have totaled over $191 million.
In December 2021, Centene agreed to pay $27.6M to Kansas to settle allegations that it had failed to disclose discounts and used other strategies to obtain more profit from Kansas' Medicaid program.
In September 2022, Centene will pay more than $14 million to Massachusetts's to resolve claims that it overcharged the state Medicaid program, MassHealth, millions of dollars for pharmacy benefits and services provided by subsidiary companies.
Centene overbilled Florida $67 million in 2021 and proactively notified the state. Their discussions with Agency for Health Care Administration (AHCA) ended in 2024 and Centene agreed to return the $67 million. $10 million of that was sent to Hope Florida Foundation, rather than the state directly.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -6.15Y avg ≈19.5 | ≈19.5 | · | · | |
| P/S (TTM) | 0.25Y avg ≈0.2 | ≈0.2 | 0.7 | Undervalued | |
| P/B (MRQ) | 1.45Y avg ≈1.5 | ≈1.5 | 3.9 | Undervalued | |
| EV / EBITDA | -4.85Y avg ≈17.4 | ≈17.4 | · | · | |
| Price / FCF (TTM) | 3.55Y avg ≈-5.6 | ≈-5.6 | · | · | |
| Price / Cash Flow (TTM) | 3.25Y avg ≈44.5 | ≈44.5 | 15.6 | Undervalued | |
| EV / Revenue (TTM) | 0.15Y avg ≈0.3 | ≈0.3 | · | · | |
| EV / FCF (TTM) | 2.35Y avg ≈-6.1 | ≈-6.1 | · | · | |
| Price / Tangible Book (MRQ) | 1.75Y avg ≈10.4 | ≈10.4 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 8.0%5Y avg ≈9.7% | ≈9.7% | 25.0% | Weak | |
| Operating Margin (TTM) | -2.8%5Y avg ≈0.45% | ≈0.45% | 3.5% | Weak | |
| EBITDA Margin | -3.9%5Y avg ≈0.45% | ≈0.45% | 3.7% | Weak | |
| Pretax Margin (TTM) | -2.3%5Y avg ≈0.86% | ≈0.86% | 2.8% | Weak | |
| Net Profit Margin (TTM) | -2.5%5Y avg ≈0.45% | ≈0.45% | 2.9% | Weak | |
| ROA (TTM) | -6.0%5Y avg ≈0.46% | ≈0.46% | 3.0% | Weak | |
| ROE (TTM) | -20.4%5Y avg ≈0.91% | ≈0.91% | 10.1% | Weak | |
| ROIC | -20.2%5Y avg ≈-0.99% | ≈-0.99% | 8.0% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.75Y avg ≈0.7 | ≈0.7 | 0.7 | High debt | |
| Current Ratio (MRQ) | 1.15Y avg ≈1.1 | ≈1.1 | 1.7 | Low liquidity | |
| Quick Ratio | 0.65Y avg ≈0.5 | ≈0.5 | 1.3 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.75Y avg ≈0.7 | ≈0.7 | 0.7 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 19.4%5Y avg ≈12.0% | ≈12.0% | · | · | |
| Revenue CAGR 3Y | 10.4%5Y avg ≈10.3% | ≈10.3% | · | · | |
| Revenue CAGR 5Y | 11.9% | · | · | · | |
| EPS YoY | 27.5%5Y avg ≈32.6% | ≈32.6% | · | · | |
| Net Income YoY | 22.3%5Y avg ≈27.7% | ≈27.7% | · | · | |
| EPS CAGR 3Y | 40.4% | · | · | · | |
| Net Income CAGR 3Y | 34.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 2.45Y avg ≈2.0 | ≈2.0 | 2.4 | In line | |
| Revenue / Employee | ≈$3.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $2.51 | $1.10 | 129.0% |
| March 31, 2026 | $3.37 | $2.15 | 56.4% | |
| Dec. 31, 2025 | $-1.19 | $-1.24 | 3.7% | |
| Sept. 30, 2025 | $0.50 | $-0.14 | 454.9% | |
| June 30, 2025 | $-0.16 | $0.87 | -118.5% | |
| March 31, 2025 | $2.90 | $2.57 | 12.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.78B | $163.07B | $154.00B | $144.55B | $125.98B | $111.11B | $74.64B | $60.12B | $48.38B | $40.61B | $22.76B | $16.56B | |
| Cost of Revenue | $2.67B | $2.73B | $3.56B | $7.03B | $4.89B | $3.30B | $2.46B | $2.39B | $1.85B | $1.86B | $1.62B | $1.28B | |
| Gross Profit | $14.21B | $17.07B | $17.64B | $16.92B | $14.49B | · | · | · | · | · | · | · | |
| SG&A Expense | $12.90B | $12.40B | $12.56B | $11.59B | $9.60B | $9.38B | $6.53B | $6.04B | $4.45B | $3.67B | $1.80B | $1.30B | |
| Operating Expenses | $202.40B | $159.90B | $151.07B | $143.23B | $124.20B | $108.03B | $72.86B | $58.66B | $47.18B | $39.34B | $22.05B | $16.10B | |
| Operating Income | $-7.62B | $3.17B | $2.93B | $1.32B | $1.78B | $3.08B | $1.78B | $1.46B | $1.20B | $1.26B | $705M | $464M | |
| Interest Expense | · | · | $725M | $665M | $665M | $728M | $412M | $343M | $255M | $217M | $43M | $35M | |
| Other Non-op | $895M | $1.08B | $668M | $644M | · | · | · | · | · | · | · | · | |
| Pretax Income | $-6.73B | $4.26B | $3.60B | $1.96B | $1.81B | $2.77B | $1.78B | $1.37B | $1.13B | $1.16B | $697M | $457M | |
| Income Tax | $-51M | $963M | $899M | $760M | $477M | $979M | $473M | $474M | $326M | $599M | $339M | $196M | |
| Net Income | $-6.67B | $3.31B | $2.70B | $1.20B | $1.35B | $1.81B | $1.32B | $900M | $828M | $562M | $355M | $271M | |
| EPS (Basic) | $-13.53 | $6.33 | $4.97 | $2.09 | $2.31 | $3.17 | $3.19 | $2.31 | $2.40 | $1.76 | $2.98 | $2.33 | |
| EPS (Diluted) | $-13.53 | $6.31 | $4.95 | $2.07 | $2.28 | $3.12 | $3.14 | $2.26 | $2.34 | $1.71 | $2.88 | $2.25 | |
| Shares (Basic) | 493,116,000 | 521,790,000 | 543,319,000 | 575,191,000 | 582,832,000 | 570,722,000 | 413,487,000 | 390,248,000 | 344,853,000 | 319,135,000 | 119,101,000 | 116,345,764 | |
| Shares (Diluted) | 493,116,000 | 523,744,000 | 545,704,000 | 582,040,000 | 590,516,000 | 579,135,000 | 420,409,000 | 398,506,000 | 353,404,000 | 327,951,000 | 123,066,000 | 120,360,212 | |
| EBITDA | $-7.62B | $3.17B | $2.93B | $1.32B | $1.78B | $3.08B | $1.78B | $1.46B | $1.20B | $1.26B | $705M | $464M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.89B | $14.06B | $17.19B | $12.07B | $13.12B | $10.80B | $12.12B | $5.34B | $4.07B | $3.93B | $1.76B | $1.61B | |
| Short-term Investments | $2.43B | $2.62B | $2.46B | $2.32B | $1.54B | $1.58B | $863M | $722M | $531M | $505M | $176M | $177M | |
| Other Current Assets | $1.95B | $1.60B | $5.57B | $2.46B | $1.60B | $1.32B | $1.09B | $784M | $687M | $715M | $390M | $252M | |
| Current Assets | $40.37B | $38.00B | $40.76B | $30.13B | $28.50B | $23.39B | $20.32B | $12.00B | $8.70B | $8.37B | $3.60B | $2.95B | |
| PP&E (Net) | $2.04B | $2.07B | $2.02B | $2.43B | $3.39B | $2.77B | $2.12B | $1.71B | $1.10B | $797M | $518M | $445M | |
| PP&E (Gross) | $4.27B | $4.87B | $4.42B | $4.50B | $5.29B | $4.25B | $3.22B | $2.51B | $1.69B | $1.24B | $869M | $733M | |
| Accum. Depreciation | $2.23B | $2.80B | $2.40B | $2.07B | $1.90B | $1.48B | $1.10B | $800M | $590M | $442M | $351M | $288M | |
| Goodwill | $10.84B | $17.56B | $17.56B | $18.81B | $19.77B | $18.65B | $6.86B | $7.01B | $4.75B | $4.71B | $842M | $754M | |
| Intangibles | $4.53B | $5.41B | $6.10B | $6.91B | $7.82B | $8.39B | $2.06B | $2.24B | $1.40B | $1.54B | $155M | $120M | |
| Other Non-current Assets | $528M | $593M | $535M | $2.69B | $3.78B | $1.60B | $1.25B | $527M | $454M | $95M | $177M | $174M | |
| Total Assets | $76.75B | $82.44B | $84.64B | $76.87B | $78.38B | $68.72B | $40.99B | $30.90B | $21.86B | $20.20B | $7.34B | $5.82B | |
| Accounts Payable | $13.80B | $13.17B | $16.42B | $9.53B | $8.49B | $7.07B | $4.16B | $4.05B | $4.17B | $3.76B | $976M | $768M | |
| Current Liabilities | $36.72B | $34.26B | $36.72B | $28.46B | $25.77B | $21.59B | $12.93B | $11.97B | $9.33B | $8.62B | $3.63B | $2.90B | |
| Capital Leases | $615M | $738M | $880M | $3.13B | $3.62B | $1.33B | $622M | · | · | · | · | · | |
| Deferred Tax | $833M | $684M | $641M | $615M | $1.41B | $1.53B | $189M | · | · | · | · | · | |
| Other Non-current Liabilities | $1.79B | $2.57B | $3.62B | $5.62B | $5.61B | $2.96B | $1.54B | $1.26B | $952M | $869M | $170M | $159M | |
| Total Liabilities | $56.69B | $55.94B | $58.69B | $52.63B | $51.35B | $42.76B | $28.30B | $19.88B | $14.98B | $14.14B | $5.01B | $3.93B | |
| Long-term Debt | $17.49B | $18.64B | $17.96B | $18.18B | $19.03B | $16.88B | $13.86B | $6.85B | $4.83B | $4.78B | $1.22B | $878M | |
| Total Debt | $17.40B | $18.53B | $17.83B | $18.02B | $18.84B | $16.78B | $13.73B | $6.69B | $4.70B | $4.66B | $1.22B | $893M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained Earnings | $8.67B | $15.35B | $12.04B | $9.34B | $8.14B | $6.79B | $4.98B | $3.66B | $2.75B | $1.92B | $1.36B | $1.00B | |
| Treasury Stock | $9.44B | $9.00B | $5.86B | $4.21B | $1.09B | $816M | $214M | $139M | $244M | $179M | $147M | $98M | |
| AOCI | $-58M | $-504M | $-652M | $-1.13B | $77M | $337M | $134M | $-56M | $-3M | $-36M | $-10M | $-1M | |
| Stockholders' Equity | $19.95B | $26.41B | $25.84B | $24.06B | $26.80B | $25.77B | $12.55B | $10.92B | $6.85B | $5.89B | $2.16B | $1.74B | |
| Liabilities + Equity | $76.75B | $82.44B | $84.64B | $76.87B | $78.38B | $68.72B | $40.99B | $30.90B | $21.86B | $20.20B | $7.34B | $5.82B | |
| Shares Outstanding | 491,757,000 | 620,195,000 | 615,291,000 | 607,847,000 | 602,704,000 | 598,249,000 | 421,508,000 | 417,695,000 | 360,758,000 | 356,268,000 | 253,710,000 | 124,275,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.27B | $1.24B | $1.29B | $1.43B | $1.33B | $1.26B | $643M | $495M | $361M | $278M | $111M | $89M | |
| Stock-based Comp | $204M | $212M | $216M | $234M | $203M | $281M | $177M | $145M | $135M | $148M | $71M | $48M | |
| Deferred Tax | $-60M | $13M | $-78M | $-631M | $-132M | $-51M | $55M | $-129M | $-108M | $92M | $-17M | $-42M | |
| Amort. of Intangibles | $685M | $692M | $718M | $817M | $770M | $719M | $258M | $211M | $156M | $147M | $24M | $16M | |
| Operating Cash Flow | $5.09B | $154M | $8.05B | $6.26B | $4.21B | $5.50B | $1.48B | $1.23B | $1.49B | $1.85B | $658M | $1.22B | |
| CapEx | $767M | $644M | $799M | $1.00B | $910M | $869M | $730M | $675M | $422M | $306M | $150M | $103M | |
| Investing Cash Flow | $472M | $-1.05B | $-1.19B | $-2.92B | $-3.30B | $-6.96B | $-1.53B | $-4.58B | $-1.25B | $-2.47B | $-813M | $-848M | |
| Debt Issued | $750M | $1.30B | $2.33B | $360M | $9.27B | $5.11B | $24.72B | $6.08B | $1.40B | $8.95B | $1.93B | $1.88B | |
| Net Debt Issued | $-1.15B | $678M | $19M | $-1.13B | $1.83B | $1.04B | $6.92B | $1.99B | $47M | $2.87B | $342M | $201M | |
| Stock Issued | $37M | $46M | $44M | $70M | $35M | $28M | $0 | $2.78B | $0 | $0 | · | · | |
| Stock Repurchased | $475M | $3.12B | $1.63B | $3.10B | $297M | $626M | $75M | $71M | $65M | $63M | $53M | $29M | |
| Net Stock Activity | $-438M | $-3.08B | $-1.59B | $-3.03B | $-297M | $-626M | $-75M | $2.71B | $-65M | $-63M | $-53M | $-29M | |
| Financing Cash Flow | $-1.62B | $-2.41B | $-1.66B | $-4.20B | $1.36B | $260M | $6.83B | $4.61B | $-82M | $2.72B | $305M | $198M | |
| Net Change in Cash | $3.94B | $-3.30B | $5.17B | $-868M | $2.26B | $-1.17B | $6.78B | $1.26B | $153M | $2.10B | $150M | $572M | |
| Taxes Paid | $448M | $1.00B | $887M | $1.20B | $678M | $1.19B | $612M | $448M | $496M | $556M | $328M | $237M | |
| Free Cash Flow | $4.32B | $-490M | $7.25B | $5.26B | $3.29B | $4.63B | $753M | $559M | $1.07B | $1.54B | $508M | $1.12B | |
| Levered FCF | · | · | $6.71B | $4.85B | $2.80B | $4.16B | $450M | $335M | $885M | $1.44B | $486M | $1.10B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.3% | 10.5% | 11.5% | · | · | · | · | · | · | · | · | · | |
| Operating Margin | -3.9% | 1.9% | 1.9% | 0.91% | 1.4% | 2.8% | 2.4% | 2.4% | 2.5% | 3.1% | 3.1% | 2.8% | |
| Net Margin | -3.4% | 2.0% | 1.8% | 0.83% | 1.1% | 1.6% | 1.8% | 1.5% | 1.7% | 1.4% | 1.6% | 1.6% | |
| Pretax Margin | -3.5% | 2.6% | 2.3% | 1.4% | 1.4% | 2.5% | 2.4% | 2.3% | 2.3% | 2.9% | 3.1% | 2.8% | |
| EBITDA Margin | -3.9% | 1.9% | 1.9% | 0.91% | 1.4% | 2.8% | 2.4% | 2.4% | 2.5% | 3.1% | 3.1% | 2.8% | |
| ROA | -8.4% | 4.0% | 3.4% | 1.6% | 1.8% | 3.3% | 3.7% | 3.4% | 3.9% | 4.1% | 5.4% | 5.8% | |
| ROE | -28.8% | 12.7% | 10.8% | 4.7% | 5.1% | 9.4% | 11.3% | 10.1% | 13.0% | 14.0% | 18.2% | 18.2% | |
| ROIC | -20.2% | 5.5% | 5.0% | 1.9% | 2.9% | 4.7% | 5.0% | 5.4% | 7.4% | 5.8% | 10.7% | 10.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.6 | 1.0 | 0.9 | 1.0 | 1.0 | 1.0 | |
| Quick Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 1.0 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | |
| Debt / Equity | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 1.1 | 0.6 | 0.7 | 0.8 | 0.6 | 0.5 | |
| LT Debt / Equity | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 1.1 | 0.6 | 0.7 | 0.8 | 0.6 | 0.5 | |
| Interest Coverage | · | · | 4.0 | 2.0 | 2.7 | 4.2 | 4.3 | 4.3 | 4.7 | 5.8 | 16.4 | 13.3 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.4 | 2.0 | 1.9 | 1.9 | 1.7 | 2.0 | 2.1 | 2.3 | 2.3 | 2.9 | 3.5 | 3.5 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $40.57 | $53.26 | $48.35 | $43.68 | $46.00 | $44.32 | $30.24 | $26.47 | $39.50 | $34.29 | $17.92 | $14.73 | |
| Revenue / Share | $394.99 | $311.36 | $282.20 | $248.35 | $213.34 | $191.86 | $177.54 | $150.85 | $273.81 | $247.64 | $184.94 | $137.59 | |
| Cash Flow / Share | $10.32 | $0.29 | $14.76 | $10.76 | $7.12 | $9.50 | $3.53 | $3.10 | $8.43 | $11.29 | $5.35 | $10.16 | |
| Cash / Share | $36.38 | $28.36 | $32.17 | $21.92 | $22.52 | $18.57 | $29.21 | $12.95 | $23.48 | $22.86 | $14.62 | $13.05 | |
| EPS (TTM) | $-13.53 | $6.31 | $4.95 | $2.07 | $2.28 | $3.12 | $3.14 | $2.26 | $2.34 | $1.71 | $2.88 | $2.25 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 19.4% | 5.9% | 6.5% | 14.7% | 13.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.4% | 9.0% | 11.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 11.9% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | 27.5% | 139.1% | -9.2% | -26.9% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | 40.4% | 16.6% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | 22.3% | 124.8% | -10.8% | -25.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | 34.9% | 14.3% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $194.78B | $163.07B | $154.00B | $144.55B | $125.98B | $111.11B | $74.64B | $60.12B | $48.38B | $40.61B | $22.76B | $16.56B | |
| Net Income TTM | $-6.67B | $3.31B | $2.70B | $1.20B | $1.35B | $1.81B | $1.32B | $900M | $828M | $562M | $355M | $271M | |
| Market Cap | $20.24B | $30.04B | $39.66B | $45.17B | $48.00B | $34.91B | $26.09B | $23.78B | $8.75B | $4.86B | $3.96B | $3.07B | |
| Enterprise Value | $17.32B | $31.89B | $37.84B | $48.79B | $52.18B | $39.31B | $26.83B | $24.40B | $8.84B | $5.08B | $3.24B | $2.24B | |
| P/E | -3.0 | 9.6 | 15.0 | 39.6 | 36.1 | 19.2 | 20.0 | 25.5 | 21.6 | 16.5 | 11.4 | 11.5 | |
| P/S | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.2 | 0.1 | 0.2 | 0.2 | |
| P/B | 1.0 | 1.1 | 1.5 | 1.9 | 1.8 | 1.4 | 2.1 | 2.2 | 1.3 | 0.8 | 1.8 | 1.8 | |
| P / Tangible Book | 4.4 | 8.7 | 18.2 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 4.0 | 195.1 | 4.9 | 7.2 | 11.4 | 6.3 | 17.6 | 19.3 | 5.9 | 2.6 | 6.0 | 2.5 | |
| P / FCF | 4.7 | -61.3 | 5.5 | 8.6 | 14.6 | 7.5 | 34.7 | 42.5 | 8.2 | 3.1 | 7.8 | 2.7 | |
| EV / EBITDA | -2.3 | 10.0 | 12.9 | 37.0 | 29.2 | 12.8 | 15.1 | 16.7 | 7.4 | 4.0 | 4.6 | 4.8 | |
| EV / FCF | 4.0 | -65.1 | 5.2 | 9.3 | 15.8 | 8.5 | 35.6 | 43.7 | 8.3 | 3.3 | 6.4 | 2.0 | |
| EV / Revenue | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.1 | 0.1 | 0.1 | |
| Earnings Yield | -32.9% | 10.4% | 6.7% | 2.5% | 2.8% | 5.2% | 5.0% | 3.9% | 4.6% | 6.0% | 8.8% | 8.7% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.58B | $49.94B | $49.73B | $49.69B | $48.74B | $46.62B | $40.80B | $42.02B | $39.84B | $40.41B | $39.46B | $38.04B | $37.61B | $38.89B | $35.56B | $35.87B | |
| Cost of Revenue | $729M | $702M | $680M | $651M | $641M | $698M | $688M | $692M | $680M | $669M | $961M | $856M | $877M | $870M | $1.37B | $1.57B | |
| Gross Profit | $4.62B | $5.65B | $2.56B | $3.35B | $3.02B | $5.29B | $3.80B | $4.01B | $4.53B | $4.74B | $3.74B | $4.63B | $4.61B | $4.65B | $3.91B | $4.04B | |
| SG&A Expense | $3.10B | $3.40B | $3.37B | $3.15B | $3.04B | $3.35B | $3.23B | $3.06B | $2.89B | $3.22B | $3.49B | $3.05B | $3.02B | $3.01B | $3.20B | $2.85B | |
| Operating Expenses | $52.38B | $48.08B | $51.47B | $56.64B | $49.20B | $45.09B | $40.63B | $41.36B | $38.61B | $39.30B | $39.65B | $37.31B | $36.44B | $37.67B | $35.84B | $35.39B | |
| Operating Income | $1.20B | $1.86B | $-1.75B | $-6.95B | $-458M | $1.53B | $175M | $665M | $1.23B | $1.11B | $-194M | $735M | $1.17B | $1.22B | $-282M | $476M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $178M | · | $181M | $181M | $180M | · | $169M | |
| Other Non-op | $288M | $238M | $202M | $280M | $201M | $212M | $172M | $256M | $287M | $367M | · | · | · | · | · | · | |
| Pretax Income | $1.49B | $2.10B | $-1.54B | $-6.67B | $-257M | $1.75B | $347M | $921M | $1.52B | $1.47B | $24M | $768M | $1.42B | $1.39B | $41M | $1.01B | |
| Income Tax | $399M | $560M | $-443M | $-42M | $2M | $432M | $67M | $211M | $370M | $315M | $-15M | $293M | $360M | $261M | $260M | $269M | |
| Net Income | $1.09B | $1.54B | $-1.10B | $-6.63B | $-253M | $1.31B | $283M | $713M | $1.15B | $1.16B | $45M | $469M | $1.06B | $1.13B | $-213M | $738M | |
| EPS (Basic) | $2.21 | $3.13 | $-2.16 | $-13.50 | $-0.51 | $2.64 | $0.63 | $1.37 | $2.16 | $2.17 | $0.12 | $0.87 | $1.93 | $2.05 | $-0.37 | $1.29 | |
| EPS (Diluted) | $2.19 | $3.11 | $-2.15 | $-13.50 | $-0.51 | $2.63 | $0.63 | $1.36 | $2.16 | $2.16 | $0.12 | $0.87 | $1.92 | $2.04 | $-0.35 | $1.27 | |
| Shares (Basic) | 493,819,000 | 492,069,000 | · | 491,141,000 | 493,548,000 | 496,214,000 | · | 521,965,000 | 529,602,000 | 535,109,000 | · | 539,535,000 | 548,932,000 | 550,779,000 | · | 573,961,000 | |
| Shares (Diluted) | 497,637,000 | 495,591,000 | · | 491,141,000 | 493,548,000 | 498,180,000 | · | 523,542,000 | 530,755,000 | 538,060,000 | · | 541,270,000 | 550,308,000 | 553,845,000 | · | 580,607,000 | |
| EBITDA | $1.20B | $1.86B | · | $-6.95B | $-458M | $1.53B | · | $665M | $1.23B | $1.11B | · | $735M | $1.17B | $1.22B | · | $476M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.15B | $21.26B | $17.89B | $17.06B | $14.51B | $14.81B | $14.06B | $14.58B | $17.61B | $17.59B | $17.19B | $18.19B | $17.17B | $15.85B | $12.07B | $14.99B | |
| Short-term Investments | $2.91B | $2.48B | $2.43B | $2.18B | $2.77B | $2.47B | $2.62B | $2.99B | $2.61B | $2.08B | · | $2.24B | $2.21B | $2.13B | · | $2.19B | |
| Other Current Assets | $1.55B | $1.82B | $1.95B | $1.72B | $1.56B | $1.56B | $1.60B | $1.56B | $1.60B | $1.96B | · | $5.47B | $1.88B | $1.81B | · | $2.33B | |
| Current Assets | $46.69B | $44.99B | $40.37B | $44.06B | $40.39B | $41.29B | $38.00B | $37.41B | $38.41B | $38.45B | · | $41.41B | $34.87B | $35.01B | · | $33.27B | |
| PP&E (Net) | $2.13B | $2.09B | $2.04B | $2.16B | $2.12B | $2.04B | $2.07B | $2.04B | $2.04B | $1.99B | · | $2.00B | $2.42B | $2.48B | · | $2.48B | |
| PP&E (Gross) | · | · | $4.27B | · | · | · | $4.87B | · | · | · | · | · | · | · | · | $4.54B | |
| Accum. Depreciation | · | · | $2.23B | · | · | · | $2.80B | · | · | · | · | · | · | · | · | $2.06B | |
| Goodwill | $10.84B | $10.84B | $10.84B | $10.84B | $17.56B | $17.56B | $17.56B | $17.56B | $17.56B | $17.56B | $17.56B | $17.56B | $18.72B | $18.84B | $18.81B | $20.04B | |
| Intangibles | $4.20B | $4.36B | $4.53B | $4.84B | $5.01B | $5.24B | $5.41B | $5.58B | $5.75B | $5.93B | · | $6.28B | $6.52B | $6.73B | · | $7.52B | |
| Other Non-current Assets | $1.37B | $866M | $528M | $593M | $1.11B | $1.24B | $593M | $617M | $1.09B | $823M | · | $560M | $2.87B | $2.78B | · | $2.60B | |
| Total Assets | $83.01B | $81.17B | $76.75B | $82.09B | $86.39B | $87.04B | $82.44B | $82.35B | $83.14B | $82.62B | · | $84.38B | $82.85B | $82.98B | · | $81.17B | |
| Accounts Payable | $17.96B | $16.83B | $13.77B | $16.88B | $13.52B | $13.95B | $13.17B | $13.34B | $12.23B | $12.13B | · | $15.08B | $9.87B | $10.78B | · | $9.99B | |
| Current Liabilities | $40.76B | $40.05B | $36.70B | $40.63B | $36.79B | $37.14B | $34.26B | $34.06B | $32.73B | $32.78B | · | $36.85B | $31.31B | $32.86B | · | $31.33B | |
| Capital Leases | · | · | $615M | · | · | · | $738M | · | · | · | · | $936M | $3.17B | $3.14B | · | $3.04B | |
| Deferred Tax | $756M | $744M | $833M | $810M | $651M | $708M | $684M | $769M | $665M | $734M | · | $577M | $495M | $522M | · | $480M | |
| Other Non-current Liabilities | $2.81B | $2.55B | $1.81B | $2.05B | $3.90B | $2.87B | $2.57B | $2.62B | $4.77B | $4.16B | · | $3.65B | $7.37B | $6.19B | · | $5.68B | |
| Total Liabilities | $60.35B | $59.65B | $56.69B | $61.03B | $58.89B | $59.02B | $55.94B | $54.94B | $55.68B | $55.56B | · | $58.97B | $57.07B | $57.80B | · | $55.57B | |
| Long-term Debt | $16.11B | $16.37B | $17.49B | $17.58B | $17.58B | $18.32B | $18.53B | $17.61B | $17.63B | $18.00B | · | $18.00B | $18.01B | $18.32B | · | $18.33B | |
| Total Debt | $16.11B | $16.37B | · | $17.58B | $17.58B | $18.32B | · | $17.61B | $17.63B | $18.00B | · | $18.00B | $18.01B | $18.32B | · | $18.33B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $11.31B | $10.21B | $8.67B | $9.78B | $16.41B | $16.66B | $15.35B | $15.06B | $14.35B | $13.21B | · | $12.00B | $11.53B | $10.47B | · | $9.55B | |
| Treasury Stock | $9.44B | $9.44B | $9.44B | $9.44B | $9.44B | $9.04B | $9.00B | $8.05B | $6.82B | $6.01B | · | $5.83B | $5.04B | $4.64B | · | $2.56B | |
| AOCI | $-194M | $-171M | $-58M | $-100M | $-231M | $-337M | $-504M | $-226M | $-646M | $-630M | · | $-1.12B | $-998M | $-915M | · | $-1.39B | |
| Stockholders' Equity | $22.56B | $21.43B | $19.95B | $20.95B | $27.41B | $27.92B | $26.41B | $27.31B | $27.35B | $26.96B | · | $25.30B | $25.67B | $25.04B | · | $25.38B | |
| Liabilities + Equity | $83.01B | $81.17B | $76.75B | $82.09B | $86.39B | $87.04B | $82.44B | $82.35B | $83.14B | $82.62B | · | $84.38B | $82.85B | $82.98B | · | $81.17B | |
| Shares Outstanding | 493,987,000 | 493,771,000 | 491,757,000 | 491,414,000 | 491,128,000 | 497,518,000 | 495,907,000 | 510,078,000 | 526,001,000 | 536,383,000 | 615,291,000 | 534,596,000 | 546,003,000 | 551,714,000 | 607,847,000 | 570,091,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $300M | $300M | $329M | $317M | $315M | $314M | $314M | $313M | $306M | $308M | $315M | $328M | $304M | $325M | $351M | $292M | |
| Stock-based Comp | $59M | $67M | $58M | $52M | $35M | $59M | $31M | $49M | $62M | $70M | $49M | $50M | $56M | $61M | $54M | $51M | |
| Deferred Tax | $19M | $-53M | $-73M | $129M | $-89M | $-27M | $-1M | $-26M | $-64M | $104M | $-92M | $174M | $-1M | $-159M | $51M | $-265M | |
| Amort. of Intangibles | $161M | $166M | $169M | $170M | $173M | $173M | $173M | $173M | $173M | $173M | $176M | $180M | $179M | $183M | $208M | $211M | |
| Operating Cash Flow | $3.59B | $4.37B | $437M | $1.36B | $1.78B | $1.51B | $-587M | $-978M | $2.17B | $-456M | $217M | $1.02B | $2.55B | $4.27B | $-1.58B | $3.33B | |
| CapEx | $174M | $200M | $213M | $211M | $208M | $135M | $154M | $153M | $186M | $151M | $223M | $136M | $215M | $225M | $233M | $247M | |
| Investing Cash Flow | $-353M | $89M | $660M | $1.24B | $-899M | $-529M | $102M | $-839M | $-1.17B | $852M | $-949M | $435M | $-424M | $-253M | $221M | $3M | |
| Debt Issued | $0 | $0 | $0 | $0 | $0 | $750M | $950M | $0 | $0 | $350M | $165M | $889M | $994M | $287M | $3M | $26M | |
| Net Debt Issued | · | $-1.05B | · | · | · | $-208M | · | · | · | $163M | · | · | · | $287M | · | · | |
| Stock Issued | $8M | $10M | $8M | $11M | $8M | $10M | $9M | $12M | $11M | $14M | $12M | $11M | $21M | $12M | $8M | $24M | |
| Stock Repurchased | $4M | $29M | $2M | $0 | $432M | $41M | $943M | $1.23B | $803M | $151M | $31M | $774M | $405M | $423M | $1.43B | $1.24B | |
| Net Stock Activity | · | $-19M | · | · | · | $-31M | · | · | · | $-137M | · | · | · | $-423M | · | · | |
| Financing Cash Flow | $-259M | $-1.06B | $-187M | $-10M | $-1.17B | $-250M | $-13M | $-1.25B | $-1.17B | $23M | $-201M | $-524M | $-750M | $-183M | $-1.73B | $-1.48B | |
| Net Change in Cash | $2.98B | $3.39B | $910M | $2.59B | $-288M | $731M | $-497M | $-3.06B | $-162M | $425M | $-984M | $958M | $1.36B | $3.83B | $-3.06B | $1.83B | |
| Taxes Paid | $-206M | $-19M | $-92M | $36M | $497M | $7M | $181M | $211M | $538M | $13M | $128M | $167M | $581M | $11M | $750M | $37M | |
| Free Cash Flow | · | $4.17B | · | · | · | $1.38B | · | · | · | $-607M | · | · | · | $4.04B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-747M | · | · | · | $3.90B | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.6% | 11.3% | · | 6.7% | 6.2% | 11.3% | · | 9.5% | 11.4% | 11.7% | · | 12.2% | 12.3% | 11.9% | · | · | |
| Operating Margin | 2.2% | 3.7% | · | -14.0% | -0.94% | 3.3% | · | 1.6% | 3.1% | 2.7% | · | 1.9% | 3.1% | 3.1% | · | 1.3% | |
| Net Margin | 2.0% | 3.1% | · | -13.3% | -0.52% | 2.8% | · | 1.7% | 2.9% | 2.9% | · | 1.2% | 2.8% | 2.9% | · | 2.1% | |
| Pretax Margin | 2.8% | 4.2% | · | -13.4% | -0.53% | 3.8% | · | 2.2% | 3.8% | 3.6% | · | 2.0% | 3.8% | 3.6% | · | 2.8% | |
| EBITDA Margin | 2.2% | 3.7% | · | -14.0% | -0.94% | 3.3% | · | 1.6% | 3.1% | 2.7% | · | 1.9% | 3.1% | 3.1% | · | 1.3% | |
| ROA | 1.3% | 1.8% | · | -8.1% | -0.30% | 1.6% | · | 0.86% | 1.4% | 1.4% | · | 0.57% | 1.3% | 1.4% | · | 0.93% | |
| ROE | 4.4% | 6.2% | · | -27.5% | -0.92% | 4.8% | · | 2.7% | 4.3% | 4.5% | · | 1.8% | 4.1% | 4.3% | · | 2.9% | |
| ROIC | 2.3% | 3.6% | · | -17.9% | -1.0% | 2.5% | · | 1.1% | 2.1% | 1.9% | · | 1.1% | 2.0% | 2.3% | · | 0.80% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | 1.2 | 1.2 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | |
| Quick Ratio | 0.7 | 0.6 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.5 | |
| Debt / Equity | 0.7 | 0.8 | · | 0.8 | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | |
| LT Debt / Equity | 0.7 | 0.8 | · | 0.8 | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 6.2 | · | 4.1 | 6.5 | 6.8 | · | 2.8 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $45.67 | $43.39 | · | $42.63 | $55.80 | $56.11 | · | $53.53 | $52.00 | $50.26 | · | $47.32 | $47.02 | $45.39 | · | $44.52 | |
| Revenue / Share | $107.67 | $100.78 | · | $101.17 | $98.76 | $93.58 | · | $80.27 | $75.06 | $75.10 | · | $70.28 | $68.34 | $70.22 | · | $61.77 | |
| Cash Flow / Share | · | $8.81 | · | · | · | $3.03 | · | · | · | $-0.85 | · | · | · | $7.71 | · | · | |
| Cash / Share | $48.89 | $43.06 | · | $34.71 | $29.55 | $29.78 | · | $28.58 | $33.47 | $32.78 | · | $34.03 | $31.45 | $28.73 | · | $26.29 | |
| EPS (TTM) | $-10.35 | $-13.05 | · | $-10.75 | $4.11 | $6.78 | · | $5.80 | $5.31 | $5.07 | · | $4.48 | $4.88 | $2.67 | · | $3.44 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $202.94B | $198.10B | · | $185.86B | $178.19B | $169.28B | · | $161.73B | $157.75B | $155.52B | · | $150.10B | $147.92B | $146.25B | · | $141.55B | |
| Net Income TTM | $-5.10B | $-6.44B | · | $-5.29B | $2.05B | $3.45B | · | $3.07B | $2.82B | $2.73B | · | $2.44B | $2.71B | $1.48B | · | $2.01B | |
| Market Cap | $31.71B | $16.17B | · | $17.53B | $26.66B | $30.20B | · | $38.40B | $34.87B | $42.10B | · | $36.82B | $36.83B | $34.87B | · | $44.36B | |
| Enterprise Value | $20.76B | $8.80B | · | $15.88B | $26.95B | $31.24B | · | $38.43B | $32.29B | $40.43B | · | $34.39B | $35.45B | $35.21B | · | $45.51B | |
| P/E | -6.2 | -2.5 | · | -3.3 | 13.2 | 9.0 | · | 13.0 | 12.5 | 15.5 | · | 15.4 | 13.8 | 23.7 | · | 22.6 | |
| P/S | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| P/B | 1.4 | 0.8 | · | 0.8 | 1.0 | 1.1 | · | 1.4 | 1.3 | 1.6 | · | 1.5 | 1.4 | 1.4 | · | 1.7 | |
| P / Tangible Book | 4.2 | 2.6 | · | 3.3 | 5.5 | 5.9 | · | 9.2 | 8.6 | 12.1 | · | 25.2 | 84.7 | · | · | · | |
| P / Cash Flow | · | 3.7 | · | · | · | 20.0 | · | · | · | -92.3 | · | · | · | 8.2 | · | · | |
| EV / Revenue | 0.1 | 0.0 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| Earnings Yield | -16.1% | -39.9% | · | -30.1% | 7.6% | 11.2% | · | 7.7% | 8.0% | 6.5% | · | 6.5% | 7.2% | 4.2% | · | 4.4% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $194.78B | $163.07B | $154.00B | $144.55B | $125.98B |
| Gross Margin % | 7.3% | 10.5% | 11.5% | · | · |
| Operating Margin % | -3.9% | 1.9% | 1.9% | 0.91% | 1.4% |
| Net Income | $-6.67B | $3.31B | $2.70B | $1.20B | $1.35B |
| Diluted EPS | $-13.53 | $6.31 | $4.95 | $2.07 | $2.28 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 |
| Current Ratio | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 |
| Quick Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $4.32B | $-490M | $7.25B | $5.26B | $3.29B |
Institutional owners (13F) 1,111 filers · $33.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 231 (+108 vs prior Q) | 76 (-54 vs prior Q) | 355 (+53 vs prior Q) | 345 (-22 vs prior Q) | +22.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $2,660,421,666 | 41,446,046 | 7.99% | Shares |
| VANGUARD GROUP INC | $2,344,675,686 | 56,978,753 | 7.04% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,020,581,807 | 31,478,140 | 6.07% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1,840,885,817 | 28,678,701 | 5.53% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,434,820,070 | 22,352,704 | 4.31% | Shares |
| STATE STREET CORP | $1,409,957,100 | 21,965,370 | 4.23% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $854,004,542 | 13,309,729 | 2.56% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $853,804,990 | 13,301,215 | 2.56% | Shares |
| AMERIPRISE FINANCIAL INC | $798,163,652 | 12,419,397 | 2.40% | Shares |
| Invesco Ltd. | $717,634,165 | 11,179,844 | 2.16% | Shares |
| HARRIS ASSOCIATES L P | $714,090,642 | 11,124,640 | 2.14% | Shares |
| MORGAN STANLEY | $645,218,827 | 10,051,700 | 1.94% | Shares |
| NORGES BANK | $491,166,346 | 7,651,758 | 1.47% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $478,360,377 | 7,452,257 | 1.44% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $447,787,001 | 6,975,962 | 1.34% | Shares |
| GOLDMAN SACHS GROUP INC | $408,195,518 | 6,359,176 | 1.23% | Shares |
| TWO SIGMA INVESTMENTS, LP | $407,480,559 | 6,348,038 | 1.22% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $366,680,625 | 5,712,426 | 1.10% | Shares |
| D. E. Shaw & Co., Inc. | $334,649,558 | 5,213,422 | 1.00% | Shares |
| NORTHERN TRUST CORP | $316,495,405 | 4,930,603 | 0.95% | Shares |
| DEERFIELD MANAGEMENT COMPANY, L.P. | $314,595,190 | 4,901,000 | 0.94% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $290,158,057 | 4,520,300 | 0.87% | Call option |
| BANK OF AMERICA CORP /DE/ | $285,713,156 | 4,451,054 | 0.86% | Shares |
| DEUTSCHE BANK AG\ | $257,278,913 | 4,008,084 | 0.77% | Shares |
| JANE STREET GROUP, LLC | $245,125,049 | 3,818,742 | 0.74% | Shares |
| Legal & General Group Plc | $244,462,540 | 3,808,421 | 0.73% | Shares |
| Assenagon Asset Management S.A. | $238,531,902 | 3,716,029 | 0.72% | Shares |
| EARNEST PARTNERS LLC | $227,030,787 | 3,536,856 | 0.68% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $219,279,973 | 3,416,108 | 0.66% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $197,821,063 | 3,081,805 | 0.59% | Shares |
| 8 KNOTS MANAGEMENT, LLC | $193,662,188 | 4,706,250 | 0.58% | Shares |
| Amundi | $193,109,645 | 3,008,407 | 0.58% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $192,239,858 | 2,994,644 | 0.58% | Shares |
| Man Group plc | $179,419,908 | 2,795,138 | 0.54% | Shares |
| Robeco Institutional Asset Management B.V. | $176,439,634 | 2,748,709 | 0.53% | Shares |
| AMERICAN CENTURY COMPANIES INC | $170,815,325 | 2,661,089 | 0.51% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $170,810,874 | 2,661,020 | 0.51% | Shares |
| FMR LLC | $168,737,981 | 2,628,727 | 0.51% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $164,395,918 | 2,561,083 | 0.49% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $160,731,497 | 4,909,331 | 0.48% | Shares |
| Bank of New York Mellon Corp | $159,011,486 | 2,477,200 | 0.48% | Shares |
| LYRICAL ASSET MANAGEMENT LP | $157,262,740 | 2,449,957 | 0.47% | Shares |
| JPMORGAN CHASE & CO | $151,762,514 | 2,351,448 | 0.46% | Shares |
| JANE STREET GROUP, LLC | $150,243,114 | 2,340,600 | 0.45% | Call option |
| RENAISSANCE TECHNOLOGIES LLC | $140,730,926 | 2,192,412 | 0.42% | Shares |
| Russell Investments Group, Ltd. | $138,296,549 | 2,151,926 | 0.42% | Shares |
| Politan Capital Management LP | $137,059,130 | 2,135,210 | 0.41% | Shares |
| CITADEL ADVISORS LLC | $135,787,526 | 2,115,400 | 0.41% | Call option |
| Qube Research & Technologies Ltd | $131,408,741 | 2,047,184 | 0.39% | Shares |
| Quantinno Capital Management LP | $126,343,727 | 1,968,277 | 0.38% | Shares |
Company insiders 78 insiders · 49 officers · 30 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Sarah London | Chief Executive Officer | March 15, 2026 F | 1,188,831 | 0 | 0 | $0 |
| David P Thomas | CEO, Markets and Medicaid | Dec. 15, 2023 F | 132,941 | 0 | 0 | $0 |
| NEIDORFF MICHAEL F | Chairman & CEO | Dec. 15, 2021 A | 6,517,610 | 0 | 0 | $0 |
| Andrew Lynn Asher | Chief Financial Officer | March 15, 2026 F | 747,989 | 0 | 0 | $0 |
| William Scheffel | Exec VP, CFO & Treasurer | March 1, 2016 F | 138,362 | 0 | 0 | $0 |
| Michael A Carson | Group President, Medicare&Spec | May 29, 2026 I | · | 0 | 0 | $0 |
| Kenneth J Fasola | President | July 4, 2024 F | 286,066 | 0 | 0 | $0 |
| Susan Raye Smith | Chief Operating Officer | June 15, 2026 F | 212,237 | 0 | 0 | $0 |
| James E Murray | EVP, Chief Operating Officer | June 23, 2023 A | 202,853 | 0 | 0 | $0 |
| Theodore J Pienkos | Corporate Controller & CAO | Sept. 15, 2026 F | 28,751 | 0 | 0 | $0 |
| Christopher Koster | Secretary & General Counsel | Aug. 26, 2026 S | 248,854 | 0 | 2 | $-6,891,182 |
| Tanya M Mcnally | Chief People Officer | April 15, 2026 F | 127,258 | 0 | 0 | $0 |
| Katie Casso | Corporate Controller & CAO | March 15, 2026 F | 109,776 | 0 | 0 | $0 |
| Colin A Toney | EVP, Mergers & Acquisitions | Sept. 16, 2022 A | 52,123 | 0 | 0 | $0 |
| Mark J Brooks | EVP, Chief Information Officer | Sept. 16, 2022 A | 153,755 | 0 | 0 | $0 |
| Shannon Bagley | EVP, Chief Admin. Officer | Aug. 16, 2022 F | 116,705 | 0 | 0 | $0 |
| Brandy Burkhalter | EVP | March 24, 2022 F | 350,475 | 0 | 0 | $0 |
| Jesse N Hunter | EVP, M&A & Chief Strategy Ofcr | June 11, 2021 S | 411,792 | 0 | 0 | $0 |
| Jeffrey A. Schwaneke | EVP, HealthCare Enterprises | May 7, 2021 S | 454,549 | 0 | 0 | $0 |
| Christopher R Isaak | SVP, Corporate Controller, CAO | Dec. 15, 2020 F | 13,630 | 0 | 0 | $0 |
| Keith H Williamson | EVP, Secr. & General Counsel | Feb. 4, 2020 F | 174,049 | 0 | 0 | $0 |
| Christopher D Bowers | EVP, Markets | July 22, 2019 A | 131,492 | 0 | 0 | $0 |
| Cynthia J Brinkley | EVP, Chief Admin/Markets Offcr | Feb. 5, 2019 F | 300,582 | 0 | 0 | $0 |
| Kenneth Rone Baldwin | EVP, Markets | Dec. 15, 2016 F | 92,712 | 0 | 0 | $0 |
| Carol Goldman | Exec VP Chief Admin Officer | Dec. 15, 2016 F | 70,876 | 0 | 0 | $0 |
| Donald G Imholz | EVP, Operations and CIO | Dec. 11, 2015 G | 151,599 | 0 | 0 | $0 |
| David C Minifie | CMO, EVP Corporate Strategy | Feb. 3, 2015 F | 24,031 | 0 | 0 | $0 |
| Robert T Hitchcock | EVP Health Plans | Feb. 3, 2015 F | 26,415 | 0 | 0 | $0 |
| Edmund E Kroll | SVP Fin & Investor Relations | Feb. 3, 2015 F | 46,279 | 0 | 0 | $0 |
| HARROLD JASON M | EVP, Specialty Comp. Bus. Unit | Feb. 3, 2015 F | 44,329 | 0 | 0 | $0 |
| Karen Bedell | SVP Business Liaison | Dec. 14, 2012 F | 46,819 | 0 | 0 | $0 |
| Mary V Mason | SVP & Chief Medical Officer | Dec. 14, 2012 F | 38,974 | 0 | 0 | $0 |
| Mark W Eggert | Executive VP, Health Plans | Feb. 14, 2012 M | 103,712 | 0 | 0 | $0 |
| Antonette Simonetti | SVP, Public Affairs | Dec. 14, 2010 F | 13,377 | 0 | 0 | $0 |
| Frederick J Manning | Executive Vice President | Dec. 14, 2010 F | 20,579 | 0 | 0 | $0 |
| Cary Hobbs | SVP, Bus Mgmt & Integration | Dec. 16, 2009 M | 20,768 | 0 | 0 | $0 |
| Eric Slusser | Executive VP of Internat'l Dev | Oct. 16, 2009 A | 51,754 | 0 | 0 | $0 |
| Patti Darnley | Sr. VP of Operations | Dec. 14, 2007 A | 14,188 | 0 | 0 | $0 |
| Marie J Glancy | SVP, Oper Svcs & Reg Affairs | Dec. 14, 2007 A | 12,362 | 0 | 0 | $0 |
| Per J Brodin | SVP, Chief Acctg Officer | Dec. 12, 2007 A | 13,337 | 0 | 0 | $0 |
| Glendon A Schuster | Senior VP and CIO | Dec. 12, 2006 A | · | 0 | 0 | $0 |
| Lisa M Wilson | Sr. VP Investor Relations | Dec. 12, 2006 A | 18,400 | 0 | 0 | $0 |
| Karey L Witty | SVP, Health Plan Business Unit | Dec. 12, 2006 A | 57,500 | 0 | 0 | $0 |
| Joseph P Drozda JR | Sr. VP & Chief Medical Officer | Dec. 12, 2006 A | 32,181 | 0 | 0 | $0 |
| James D Donovan JR | Senior VP Health Plans | Dec. 13, 2005 A | 3,219 | 0 | 0 | $0 |
| Brian G Spanel | Sr Vice President, Development | June 24, 2005 M | 186,446 | 0 | 0 | $0 |
| Dan Paquin | Sr. VP New Plan Implementation | Feb. 10, 2005 M | 0 | 0 | 0 | $0 |
| John Tadich | Senior VP, Specialty Companies | Dec. 1, 2004 M | 0 | 0 | 0 | $0 |
| Catherine M Halverson | Senior VP Business Development | Jan. 16, 2004 | 0 | 0 | 0 | $0 |
| Lauren M Tyler | Director | Sept. 30, 2026 A | 3,698 | 0 | 0 | $0 |
| Kenneth Tanji | Director | Sept. 30, 2026 A | 13,093 | 0 | 0 | $0 |
| Theodore R. Samuels II | Director | Sept. 30, 2026 A | 25,796 | 0 | 0 | $0 |
| Frederick H Eppinger | Director | Sept. 30, 2026 A | 370,402 | 0 | 0 | $0 |
| COUGHLIN CHRISTOPHER J | Director | Sept. 30, 2026 A | 19,294 | 0 | 0 | $0 |
| Paul J Diaz | Director | July 28, 2026 A | 2,771 | 0 | 0 | $0 |
| Kenneth A Burdick | Director | June 10, 2026 S | 197,086 | 0 | 3 | $-7,739,601 |
| Jessica L. Blume | Director | May 12, 2026 A | 32,357 | 0 | 0 | $0 |
| James H Dallas | Director | May 12, 2026 A | 47,874 | 0 | 0 | $0 |
| Monte E Ford | Director | May 12, 2026 A | 14,827 | 0 | 0 | $0 |
| Wayne S Deveydt | Director | June 30, 2025 A | 19,523 | 0 | 0 | $0 |
| Thomas Greco | Director | May 13, 2025 A | 22,888 | 0 | 0 | $0 |
| Lori Jean Robinson | Director | May 14, 2024 A | 14,371 | 0 | 0 | $0 |
| William L Trubeck | Director | March 31, 2023 A | 97,147 | 0 | 0 | $0 |
| Richard A Gephardt | Director | July 8, 2022 S | 22,560 | 0 | 0 | $0 |
| Orlando Ayala | Director | April 26, 2022 A | 77,202 | 0 | 0 | $0 |
| Leslie V Norwalk | Director | March 31, 2022 A | 1,481 | 0 | 0 | $0 |
| Tommy G Thompson | Director | Dec. 31, 2021 A | 227,334 | 0 | 0 | $0 |
| Robert K Ditmore | Director | Dec. 31, 2021 A | 666,486 | 0 | 0 | $0 |
| ROBERTS JOHN R | Director | Dec. 31, 2021 A | 194,891 | 0 | 0 | $0 |
| David L Steward | Director | Sept. 30, 2021 A | 219,294 | 0 | 0 | $0 |
| Vicki B Escarra | Director | April 26, 2016 A | 15,035 | 0 | 0 | $0 |
| JOSEPH PAMELA A | Director | March 31, 2016 A | 140,534 | 0 | 0 | $0 |
| Steve Bartlett | Director | March 31, 2010 A | 59,184 | 0 | 0 | $0 |
| Richard P Wiederhold | Director | April 26, 2005 A | 104,415 | 0 | 0 | $0 |
| Samuel E Bradt | Director | Feb. 25, 2005 M | 106,460 | 0 | 0 | $0 |
| Claire W Johnson | Director | May 4, 2004 M | 350,834 | 0 | 0 | $0 |
| Edward L Cahill | Director | Dec. 22, 2003 M | · | 0 | 0 | $0 |
| Brent D Layton | · | Dec. 10, 2022 F | 562,853 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 141 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IHF · iShares Trust | 4.22% | 845,566 SH | Sept. 11, 2026 | Daily |
| ADPV · Series Portfolios Trust | 3.63% | 104,120 NS | July 31, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 2.64% | 697,130 SH | Oct. 1, 2026 | Daily |
| CAMX · ADVISORS' INNER CIRCLE FUND | 2.36% | 25,865 NS | July 31, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 2.20% | 369,699 NS | July 31, 2026 | N-PORT |
| SRHQ · Elevation Series Trust | 2.09% | 71,389 NS | July 31, 2026 | N-PORT |
| UPGD · Invesco Exchange-Traded Fund Trust | 2.01% | 37,043 SH | Oct. 1, 2026 | Daily |
| SMRI · EA Series Trust | 1.78% | 183,865 NS | July 31, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.72% | 1,264 NS | July 31, 2026 | N-PORT |
| PTH · Invesco Exchange-Traded Fund Trust | 1.70% | 100,490 SH | Oct. 1, 2026 | Daily |
| AMOM · Exchange Listed Funds Trust | 1.65% | 6,344 NS | July 31, 2026 | N-PORT |
| RSPH · Invesco Exchange-Traded Fund Trust | 1.58% | 222,894 SH | Oct. 1, 2026 | Daily |
| JMID · Janus Detroit Street Trust | 1.57% | 5,970 NS | July 31, 2026 | N-PORT |
| EPMV · Harbor ETF Trust | 1.54% | 1,157 NS | July 31, 2026 | N-PORT |
| EPSB · Harbor ETF Trust | 1.31% | 1,011 NS | July 31, 2026 | N-PORT |
| JDOC · J.P. Morgan Exchange-Traded Fund Tr… | 1.19% | 1,740 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 1.03% | 6,956 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 1.03% | 31,393,000 | Oct. 1, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 1.01% | 1,579,352 SH | Oct. 1, 2026 | Daily |
| NULV · Nushares ETF Trust | 0.79% | 280,661 NS | July 31, 2026 | N-PORT |
| WLDR · Two Roads Shared Trust | 0.77% | 11,314 NS | July 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.74% | 25,112 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 0.74% | 1,827 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.73% | 22,217,000 | Oct. 1, 2026 | Daily |
| FVAL · FIDELITY COVINGTON TRUST | 0.70% | 149,479 NS | July 31, 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 0.62% | 147,426 SH | Oct. 1, 2026 | Daily |
| QIDX · Spinnaker ETF Series | 0.59% | 3,713 NS | July 31, 2026 | N-PORT |
| IYH · iShares Trust | 0.52% | 288,766 SH | Sept. 11, 2026 | Daily |
| VLUE · iShares Trust | 0.51% | 746,350 SH | Sept. 11, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.47% | 1,478,248 SH | Aug. 19, 2026 | Daily |
| USMV · iShares Trust | 0.46% | 1,681,809 SH | Sept. 11, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.46% | 17,129,000 | Oct. 1, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.44% | 233,934 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.42% | 64,125 SH | Oct. 1, 2026 | Daily |
| ESMV · iShares Trust | 0.40% | 471 SH | Sept. 11, 2026 | Daily |
| IXJ · iShares Trust | 0.39% | 246,114 SH | Sept. 11, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.36% | 19,335 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.34% | 3,594,629 SH | Aug. 19, 2026 | Daily |
| CURE · Direxion Shares ETF Trust | 0.33% | 9,231 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.32% | 41,665 SH | Aug. 19, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | 0.31% | 123,861 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.30% | 473,778 SH | Oct. 1, 2026 | Daily |
| IWS · iShares Trust | 0.29% | 676,448 SH | Sept. 11, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.27% | 1,586,002 SH | Aug. 19, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.25% | 238,673 NS | July 31, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.24% | 26,528 SH | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.24% | 2,022,616 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.23% | 140,912 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.23% | 57,854 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.22% | 39,003 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.21% | 13,786 SH | Sept. 11, 2026 | Daily |
| MTUM · iShares Trust | 0.21% | 767,210 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.21% | 60,306 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 3,056,602 SH | Oct. 1, 2026 | Daily |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.20% | 726,948 SH | Oct. 1, 2026 | Daily |
| ACWV · iShares, Inc. | 0.19% | 97,765 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.19% | 5,662,592 SH | Aug. 19, 2026 | Daily |
| QLC · FlexShares Trust | 0.18% | 29,568 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.17% | 589 SH | Sept. 11, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 23,098 NS | July 31, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.16% | 625 NS | July 31, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.16% | 5,706 NS | July 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.15% | 20,500 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.15% | 5,350,449 SH | Aug. 19, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.13% | 47 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.13% | 7,625 SH | Sept. 11, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.13% | 5,903,000 | Oct. 1, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.11% | 16,647 NS | July 31, 2026 | N-PORT |
| GARP · iShares Trust | 0.11% | 51,524 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.10% | 778,556 SH | Sept. 11, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.10% | 2,889 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.10% | 107,912 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.10% | 411,368 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.09% | 75,447 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.09% | 11,538 SH | Oct. 1, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.08% | 273,939 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.08% | 1,010,515 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.08% | 59,547 SH | Oct. 1, 2026 | Daily |
| IWP · iShares Trust | 0.08% | 223,238 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.07% | 13 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.07% | 24 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.07% | 5,972 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.07% | 165,653 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.06% | 22,307 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.06% | 2,345,467 SH | Aug. 19, 2026 | Daily |
| TOPC · iShares Trust | 0.06% | 286 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.05% | 14,203 SH | Sept. 30, 2026 | Daily |
| ILCG · iShares Trust | 0.05% | 24,930 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.05% | 5,377 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.05% | 1,243 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.05% | 12,186,952 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.05% | 81,972 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.05% | 111,541 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.05% | 2,108 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.05% | 28 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.05% | 9,566 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 68,064 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.05% | 8,352 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.05% | 487 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.05% | 2,939 SH | Sept. 30, 2026 | Daily |
| IVV · iShares Trust | 0.05% | 5,909,725 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.05% | 85,328 SH | Oct. 1, 2026 | Daily |
| IWB · iShares Trust | 0.05% | 342,511 SH | Sept. 11, 2026 | Daily |
| XYLD · Global X Funds | 0.05% | 24,005 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.05% | 40,391 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.05% | 9,229 SH | Sept. 11, 2026 | Daily |
| PTLC · Pacer Funds Trust | 0.05% | 23,629 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.04% | 137,718 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.04% | 34 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.04% | 86,710 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.04% | 19,915 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.04% | 347 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.04% | 1,770 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.04% | 606,832 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.04% | 11,305 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.04% | 137,476 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.04% | 15,677,747 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.04% | 41,539 SH | Aug. 19, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.04% | 389 SH | Sept. 30, 2026 | Daily |
| TOK · iShares Trust | 0.04% | 1,384 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.04% | 12,956 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.04% | 3,263 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.04% | 39,039 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.04% | 44,755 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.03% | 36,674 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.03% | 30 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.03% | 155,744 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.03% | 414,811 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 212,958 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.03% | 14,746 NS | July 31, 2026 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0.02% | 288,031 SH | Aug. 19, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.02% | 1,100,000 SH | Sept. 9, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 62,968 SH | Aug. 19, 2026 | Daily |
| IWF · iShares Trust | 0.01% | 149,899 SH | Sept. 11, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.00% | 1 NS | July 31, 2026 | N-PORT |
| SLTY · Tidal Trust II | -4.57% | -13,500 NS | July 31, 2026 | N-PORT |
| VGHY · VANGUARD FIXED INCOME SECURITIES FU… | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VGMS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
CNC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
18 analysts · 2026-10-01Mean target $71.78 +14.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CNC | $20.24B | -3.0 | 19.4% | -3.4% | -28.8% | 7.3% |
| UNH | $299.08B | 25.0 | 11.8% | 2.7% | 12.0% | · |
| ELV | $77.37B | 13.9 | 12.5% | 2.8% | 13.3% | · |
| HUM | $50.90B | 26.0 | 10.1% | 0.92% | 7.0% | · |
| MOH | $8.85B | 19.5 | 11.8% | 1.0% | 10.9% | · |
| HQY | $7.12B | 34.0 | 9.5% | 16.4% | 10.1% | 69.5% |
| CLOV | · | -5.1 | 40.3% | -4.5% | -26.2% | · |
| PGNY | $2.14B | 39.5 | 10.4% | 4.5% | 11.3% | 23.6% |
| ALHC | $4.03B | · | 46.1% | -0.02% | -0.52% | · |
Latest News Recent headlines mentioning this company
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