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Cardinal Health vs Centene: revenue, profit, margins and growth compared

Cardinal Health brought in $254.2B of revenue in fiscal 2026, Centene $194.8B in fiscal 2025. Revenue changed by +14.2% at Cardinal Health and +19.4% at Centene on the year before, so Centene grew faster. Cardinal Health kept 0.7% of its revenue as net profit, Centene -3.4%. Free cash flow was $4.5B at Cardinal Health and $4.3B at Centene.

Side by side, latest fiscal year

CAHCNC
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$254.2B$194.8B
Revenue growth+14.2%+19.4%
Net income$1.7B-$6.7B
Net margin0.7%-3.4%
Free cash flow$4.5B$4.3B
Free cash flow margin1.8%2.2%
Earnings per share (diluted)$7.23-$13.53
Cash$4.9B$17.9B
Debt$8.9B$17.5B
Price to earnings30.5n/a
Market value$51.2B$30.5B
Dividend yield0.93%n/a
Rank by revenue in sector#5 of 523 · Health care#7 of 523 · Health care

Over the years

Revenue
CAH FY2019: $145.5BCAH FY2020: $152.9BCAH FY2021: $162.5BCAH FY2022: $181.3BCAH FY2023: $205BCAH FY2024: $226.8BCAH FY2025: $222.6BCAH FY2026: $254.2BCNC FY2018: $60.1BCNC FY2019: $74.6BCNC FY2020: $111.1BCNC FY2021: $126BCNC FY2022: $144.5BCNC FY2023: $154BCNC FY2024: $163.1BCNC FY2025: $194.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $254.2BCNC $194.8B
Net income
CAH FY2019: $1.4BCAH FY2020: -$3.7BCAH FY2021: $611MCAH FY2022: -$938MCAH FY2023: $330MCAH FY2024: $852MCAH FY2025: $1.6BCAH FY2026: $1.7BCNC FY2018: $900MCNC FY2019: $1.3BCNC FY2020: $1.8BCNC FY2021: $1.3BCNC FY2022: $1.2BCNC FY2023: $2.7BCNC FY2024: $3.3BCNC FY2025: -$6.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $1.7BCNC -$6.7B
Net margin
CAH FY2019: 0.9%CAH FY2020: -2.4%CAH FY2021: 0.4%CAH FY2022: -0.5%CAH FY2023: 0.2%CAH FY2024: 0.4%CAH FY2025: 0.7%CAH FY2026: 0.7%CNC FY2018: 1.5%CNC FY2019: 1.8%CNC FY2020: 1.6%CNC FY2021: 1.1%CNC FY2022: 0.8%CNC FY2023: 1.8%CNC FY2024: 2.0%CNC FY2025: -3.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH 0.7%CNC -3.4%
Revenue growth
CAH FY2020: +5.1%CAH FY2021: +6.2%CAH FY2022: +11.6%CAH FY2023: +13.0%CAH FY2024: +10.7%CAH FY2025: -1.9%CAH FY2026: +14.2%CNC FY2019: +24.2%CNC FY2020: +48.9%CNC FY2021: +13.4%CNC FY2022: +14.7%CNC FY2023: +6.5%CNC FY2024: +5.9%CNC FY2025: +19.4%FY19FY20FY21FY22FY23FY24FY25FY26
CAH +14.2%CNC +19.4%
Free cash flow
CAH FY2019: $2.4BCAH FY2020: $1.6BCAH FY2021: $2BCAH FY2022: $2.8BCAH FY2023: $2.4BCAH FY2024: $3.3BCAH FY2025: $1.9BCAH FY2026: $4.5BCNC FY2018: $559MCNC FY2019: $753MCNC FY2020: $4.6BCNC FY2021: $3.3BCNC FY2022: $5.3BCNC FY2023: $7.3BCNC FY2024: -$490MCNC FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $4.5BCNC $4.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cardinal Health and Centene

Which is bigger by revenue, Cardinal Health or Centene?

Cardinal Health is bigger by revenue: $254.2B in fiscal 2026, against $194.8B for Centene in fiscal 2025.

Which keeps more of its revenue as profit, Cardinal Health or Centene?

Cardinal Health had a net margin of 0.7% in fiscal 2026; Centene had -3.4% in fiscal 2025.

Which grew revenue faster, Cardinal Health or Centene?

In their latest fiscal years revenue changed by +14.2% at Cardinal Health and +19.4% at Centene.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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