CNC vs UNH
Centene Corp. and UnitedHealth Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CNC | UNH |
|---|---|---|
| Revenue | $194.8B | $447.6B |
| Net income | $-6.7B | $12.1B |
| Gross margin | 7.3% | 88.7% |
| Net margin | −3.4% | 2.9% |
| Return on equity | −28.8% | 12.2% |
| Diluted EPS | −$13.53 | $13.23 |
| Dividend / share | · | $8.73 |
| Payout ratio | · | 65.7% |
| Free cash flow | $4.3B | $16.1B |
| Equity | $20.0B | · |
| Net debt / equity | −0.02× | 0.54× |
| Current ratio | 1.10× | 0.79× |
| Revenue CAGR 5y | 11.9% | 11.7% |
| Profit CAGR 5y | · | −4.8% |
UNH bills 2.3× 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 | CNC | UNH |
|---|---|---|
| FY2025 | $194.8B | $447.6B |
| FY2024 | $163.1B | $400.3B |
| FY2023 | $154.0B | $371.6B |
| FY2022 | $144.5B | $324.2B |
| FY2021 | $126.0B | $287.6B |
| FY2020 | $111.1B | $257.1B |
| FY2019 | $74.6B | $242.2B |
| FY2018 | $60.1B | $226.2B |
| FY2017 | $48.4B | $201.2B |
| FY2016 | $40.6B | $184.8B |
Bottom line
| Fiscal year | CNC | UNH |
|---|---|---|
| FY2025 | $-6.7B | $12.1B |
| FY2024 | $3.3B | $14.4B |
| FY2023 | $2.7B | $22.4B |
| FY2022 | $1.2B | $20.1B |
| FY2021 | $1.3B | $17.3B |
| FY2020 | $1.8B | $15.4B |
| FY2019 | $1.3B | $13.8B |
| FY2018 | $900.0M | $12.0B |
| FY2017 | $828.0M | $10.6B |
| FY2016 | $562.0M | $7.0B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$252,790,000,000 | UNH |
| FY2024 | −$237,207,000,000 | UNH |
| FY2023 | −$217,623,000,000 | UNH |
| FY2022 | −$179,615,000,000 | UNH |
| FY2021 | −$161,615,000,000 | UNH |
| FY2020 | −$146,026,000,000 | UNH |
| FY2019 | −$167,516,000,000 | UNH |
| FY2018 | −$166,131,000,000 | UNH |
| FY2017 | −$152,777,000,000 | UNH |
| FY2016 | −$144,233,000,000 | UNH |
| FY2015 | −$134,347,000,000 | UNH |
| FY2014 | −$113,914,000,000 | UNH |
| FY2013 | −$111,626,000,000 | UNH |
| FY2012 | −$102,508,000,000 | UNH |
| FY2011 | −$96,650,523,000 | UNH |
| FY2010 | −$89,706,677,000 | UNH |
| FY2009 | −$83,035,136,000 | UNH |
| FY2008 | −$77,821,485,000 | UNH |
UNH has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.3 pp | UNH |
| FY2024 | −1.8 pp | UNH |
| FY2023 | −4.5 pp | UNH |
| FY2022 | −5.5 pp | UNH |
| FY2021 | −5.1 pp | UNH |
| FY2020 | −4.5 pp | UNH |
| FY2019 | −4.1 pp | UNH |
| FY2018 | −4.0 pp | UNH |
| FY2017 | −3.7 pp | UNH |
| FY2016 | −2.4 pp | UNH |
| FY2015 | −2.2 pp | UNH |
| FY2014 | −2.7 pp | UNH |
| FY2013 | −3.1 pp | UNH |
| FY2012 | −5.1 pp | UNH |
| FY2011 | −3.0 pp | UNH |
| FY2010 | −2.7 pp | UNH |
| FY2009 | −2.3 pp | UNH |
| FY2008 | −1.2 pp | UNH |
UNH has kept the higher net margin in every one of these 18 fiscal years.
18 of 19 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 UNH's over the 18 comparable fiscal years — 1.3 percentage points of standard deviation against 1.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
UNH led in net margin in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 19 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 UNH's over the 18 comparable fiscal years — 10.4 percentage points of standard deviation against 4.0.
18 of 19 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 CNC and UNH over these 18 fiscal years — CNC led in 3 and UNH in 15.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.