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Cigna vs Cencora: revenue, profit, margins and growth compared

Cigna brought in $274.9B of revenue in fiscal 2025, Cencora $321.3B in fiscal 2025. Revenue changed by +11.2% at Cigna and +9.3% at Cencora on the year before, so Cigna grew faster. Cigna kept 2.2% of its revenue as net profit, Cencora 0.5%.

Side by side, latest fiscal year

CICOR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$274.9B$321.3B
Revenue growth+11.2%+9.3%
Net income$6B$1.6B
Net margin2.2%0.5%
Free cash flown/a$3.2B
Free cash flow marginn/a1.0%
Earnings per share (diluted)$22.18$7.96
Cash$7.7B$4.4B
Debt$30.9B$7.7B
Price to earnings12.338.6
Market value$71.9B$58.6B
Dividend yield2.22%0.72%
Rank by revenue in sector#4 of 523 · Health care#3 of 523 · Health care

Over the years

Revenue
CI FY2018: $48.7BCI FY2019: $153.6BCI FY2020: $160.4BCI FY2021: $174.1BCI FY2022: $180.5BCI FY2023: $195.3BCI FY2024: $247.1BCI FY2025: $274.9BCOR FY2018: $167.9BCOR FY2019: $179.6BCOR FY2020: $189.9BCOR FY2021: $214BCOR FY2022: $238.6BCOR FY2023: $262.2BCOR FY2024: $294BCOR FY2025: $321.3BFY18FY19FY20FY21FY22FY23FY24FY25
CI $274.9BCOR $321.3B
Net income
CI FY2018: $2.6BCI FY2019: $5.1BCI FY2020: $8.5BCI FY2021: $5.4BCI FY2022: $6.7BCI FY2023: $5.2BCI FY2024: $3.4BCI FY2025: $6BCOR FY2018: $1.7BCOR FY2019: $855.4MCOR FY2020: -$3.4BCOR FY2021: $1.5BCOR FY2022: $1.7BCOR FY2023: $1.7BCOR FY2024: $1.5BCOR FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
CI $6BCOR $1.6B
Net margin
CI FY2018: 5.4%CI FY2019: 3.3%CI FY2020: 5.3%CI FY2021: 3.1%CI FY2022: 3.7%CI FY2023: 2.6%CI FY2024: 1.4%CI FY2025: 2.2%COR FY2018: 1.0%COR FY2019: 0.5%COR FY2020: -1.8%COR FY2021: 0.7%COR FY2022: 0.7%COR FY2023: 0.7%COR FY2024: 0.5%COR FY2025: 0.5%FY18FY19FY20FY21FY22FY23FY24FY25
CI 2.2%COR 0.5%
Revenue growth
CI FY2019: +215.7%CI FY2020: +4.5%CI FY2021: +8.5%CI FY2022: +3.7%CI FY2023: +8.2%CI FY2024: +26.6%CI FY2025: +11.2%COR FY2019: +6.9%COR FY2020: +5.7%COR FY2021: +12.7%COR FY2022: +11.5%COR FY2023: +9.9%COR FY2024: +12.1%COR FY2025: +9.3%FY19FY20FY21FY22FY23FY24FY25
CI +11.2%COR +9.3%
Free cash flow
CI FY2018: $3.2BCI FY2019: $8.4BCOR FY2018: $1.1BCOR FY2019: $2BCOR FY2020: $1.8BCOR FY2021: $2.2BCOR FY2022: $2.2BCOR FY2023: $3.5BCOR FY2024: $3BCOR FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
CI $8.4BCOR $3.2B

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

Questions about Cigna and Cencora

Which is bigger by revenue, Cigna or Cencora?

Cencora is bigger by revenue: $321.3B in fiscal 2025, against $274.9B for Cigna in fiscal 2025.

Which keeps more of its revenue as profit, Cigna or Cencora?

Cigna had a net margin of 2.2% in fiscal 2025; Cencora had 0.5% in fiscal 2025.

Which grew revenue faster, Cigna or Cencora?

In their latest fiscal years revenue changed by +11.2% at Cigna and +9.3% at Cencora.

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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