CI vs CNC
Cigna Group and Centene Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CI | CNC |
|---|---|---|
| Revenue | $274.9B | $194.8B |
| Net income | $6.0B | $-6.7B |
| Gross margin | 21.8% | 7.3% |
| Net margin | 2.3% | −3.4% |
| Return on equity | 14.4% | −28.8% |
| Diluted EPS | $22.18 | −$13.53 |
| Dividend / share | $6.04 | · |
| Payout ratio | 27.0% | · |
| Free cash flow | · | $4.3B |
| Equity | $41.7B | $20.0B |
| Net debt / equity | 0.57× | −0.02× |
| Current ratio | 0.85× | 1.10× |
| Revenue CAGR 5y | 11.4% | 11.9% |
| Profit CAGR 5y | · | · |
CI bills 1.4× the revenue of CNC, and CNC closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CI | CNC |
|---|---|---|
| FY2025 | $274.9B | $194.8B |
| FY2024 | $247.1B | $163.1B |
| FY2023 | $195.3B | $154.0B |
| FY2022 | $180.5B | $144.5B |
| FY2021 | $174.1B | $126.0B |
| FY2020 | $160.4B | $111.1B |
| FY2019 | $153.6B | $74.6B |
| FY2018 | $48.6B | $60.1B |
| FY2017 | $41.8B | $48.4B |
| FY2016 | $39.8B | $40.6B |
Bottom line
| Fiscal year | CI | CNC |
|---|---|---|
| FY2025 | $6.0B | $-6.7B |
| FY2024 | $3.4B | $3.3B |
| FY2023 | $5.2B | $2.7B |
| FY2022 | $6.8B | $1.2B |
| FY2021 | $5.4B | $1.3B |
| FY2020 | $8.5B | $1.8B |
| FY2019 | $5.1B | $1.3B |
| FY2018 | $2.6B | $900.0M |
| FY2017 | $2.2B | $828.0M |
| FY2016 | $1.8B | $562.0M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$80,123,000,000 | CI |
| FY2024 | +$84,050,000,000 | CI |
| FY2023 | +$41,266,000,000 | CI |
| FY2022 | +$35,971,000,000 | CI |
| FY2021 | +$48,087,000,000 | CI |
| FY2020 | +$49,286,000,000 | CI |
| FY2019 | +$78,927,000,000 | CI |
| FY2018 | −$11,466,000,000 | CNC |
| FY2017 | −$6,576,000,000 | CNC |
| FY2016 | −$769,000,000 | CNC |
The higher-revenue side has changed between CI and CNC over this period. The gap has widened since the earliest year compared.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.7 pp | CI |
| FY2024 | −0.5 pp | CNC |
| FY2023 | +1.0 pp | CI |
| FY2022 | +2.9 pp | CI |
| FY2021 | +2.1 pp | CI |
| FY2020 | +3.7 pp | CI |
| FY2019 | +1.6 pp | CI |
| FY2018 | +4.0 pp | CI |
| FY2017 | +3.7 pp | CI |
| FY2016 | +3.2 pp | CI |
The higher net margin has changed hands between CI and CNC over this period.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CNC's net margin has been more volatile than CI's over the 10 comparable fiscal years — 1.5 percentage points of standard deviation against 1.3.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CI and CNC over these 10 fiscal years — CI led in 9 and CNC in 1.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CNC's return on equity has been more volatile than CI's over the 10 comparable fiscal years — 12.0 percentage points of standard deviation against 2.9.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CI and CNC over these 10 fiscal years — CI led in 7 and CNC in 3.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.