Stocks Comparison
Centene vs Elevance Health: revenue, profit, margins and growth compared
Centene brought in $194.8B of revenue in fiscal 2025, Elevance Health $199.1B in fiscal 2025. Revenue changed by +19.4% at Centene and +12.5% at Elevance Health on the year before, so Centene grew faster. Centene kept -3.4% of its revenue as net profit, Elevance Health 2.8%. Free cash flow was $4.3B at Centene and $3.2B at Elevance Health.
Side by side, latest fiscal year
| CNC | ELV | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $194.8B | $199.1B |
| Revenue growth | +19.4% | +12.5% |
| Net income | -$6.7B | $5.7B |
| Net margin | -3.4% | 2.8% |
| Free cash flow | $4.3B | $3.2B |
| Free cash flow margin | 2.2% | 1.6% |
| Earnings per share (diluted) | -$13.53 | $25.21 |
| Cash | $17.9B | $9.5B |
| Debt | $17.5B | $31.9B |
| Price to earnings | n/a | 15.7 |
| Market value | $30.5B | $85.9B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #7 of 523 · Health care | #6 of 523 · Health care |
Over the years
Questions about Centene and Elevance Health
Which is bigger by revenue, Centene or Elevance Health?
Elevance Health is bigger by revenue: $199.1B in fiscal 2025, against $194.8B for Centene in fiscal 2025.
Which keeps more of its revenue as profit, Centene or Elevance Health?
Centene had a net margin of -3.4% in fiscal 2025; Elevance Health had 2.8% in fiscal 2025.
Which grew revenue faster, Centene or Elevance Health?
In their latest fiscal years revenue changed by +19.4% at Centene and +12.5% at Elevance Health.
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.