CENTENE CORP

Hospital & Medical Service Plans·ST LOUIS, MO·FY end 12/31·CIK 1071739

CEO Pay Ratio

206:1

London

CEO Total Comp

$19.5M

London

Median Employee

$94,800

Revenue

$194.8B

FY 2025

Net Income

-$6.7B

FY 2025

Free Cash Flow

$4.3B

FY 2025

Net Margin

-3.4%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

-0.29%

For every $1,000 of profit, $-2.92 flows to the CEO.

CEO comp as % of buybacks

4.11%

CEO comp equals 41.1‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$194.8B	$163.1B	$154.0B	$144.5B	$126.0B
Gross Profit	$14.2B	$17.1B	$17.6B	—	—
Operating Income	-$7.6B	$3.2B	$2.9B	$1.3B	$1.8B
Net Income	-$6.7B	$3.3B	$2.7B	$1.2B	$1.3B
Operating CF	$5.1B	$154.0M	$8.1B	$6.3B	$4.2B
Capex	$767.0M	$644.0M	$799.0M	$1.0B	$910.0M
Free Cash Flow	$4.3B	-$490.0M	$7.3B	$5.3B	$3.3B
Buybacks	$475.0M	$3.1B	$1.6B	$3.1B	$297.0M
Dividends	—	—	—	—	—	—

Gross Margin	7.3%	10.5%	11.5%	—	—
Operating Margin	-3.9%	1.9%	1.9%	0.9%	1.4%
Net Margin	-3.4%	2.0%	1.8%	0.8%	1.1%
FCF Margin	2.2%	-0.3%	4.7%	3.6%	2.6%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	0.8%	22.6%	25.0%	38.7%	26.3%
Debt / Equity	1.75	1.40	1.38	1.50	1.40
Buybacks / FCF	11.0%	-637.6%	22.5%	58.9%	9.0%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
London · CEO	—	—	—	—	—	$19.5M
Sarah M. LondonChief Executive Officer	$1.5M	$15.5M	—	$2.1M	$386.0K	$19.5M
Andrew L. AsherChief Financial Officer	$1.2M	$13.4M	—	$1.2M	$318.9K	$16.1M
Christopher A. KosterSecretary and General Counsel	$768.3K	$5.1M	—	$550.1K	$79.4K	$6.5M
Susan R. SmithChief Operating Officer	$718.3K	$3.6M	—	$514.3K	$76.8K	$4.9M
Tanya McNally	$654.8K	$2.0M	—	$468.8K	$80.9K	$3.2M