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Centene vs Molina Healthcare: CNC and MOH compared
Centene is the larger company: $50.6B of revenue in its latest quarter (Q3 2026) against $11.1B for Molina Healthcare (Q3 2026). Centene is growing faster (+2% against -3% a year earlier). Molina Healthcare is more profitable, with an operating margin of 1.0% against -0.6%.
Where the money goes: CNC and MOH
Centene (CNC) · Q3 2026
Centene, Q3 2026: revenue $50.6B (+2% year over year), operating margin -0.6%, net loss $65.0M, operating cash flow −$3.7B. The chart follows the revenue to costs, profit and cash.
Molina Healthcare (MOH) · Q3 2026
Molina Healthcare, Q3 2026: revenue $11.1B (-3% year over year), operating margin 1.0%, net earnings $38.0M, operating cash flow −$159M. The chart follows the revenue to costs, profit and cash.
| Centene (CNC) | Molina Healthcare (MOH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $50.6B | $11.1B |
| Revenue growth, Y/Y | +2% | -3% |
| Operating margin | -0.6% | 1.0% |
| Net earnings | −$65.0M | $38.0M |
| Net margin | -0.1% | 0.3% |
| Operating cash flow | −$3.7B | −$159M |
| Market value | $36.7B | $11.2B |
| P/E | 24.6× | — |
| Analysts’ mean target | $75.39 | $219.53 |
Where the revenue comes from
Centene
- Medicaid: $29.6B (58%)
- Medicare: $11.3B (22%)
- Commercial: $8.7B (17%)
- Other: $1.1B (2%)
Questions
Which is bigger, Centene or Molina Healthcare?
Centene is the larger company: $50.6B of revenue in its latest quarter (Q3 2026) against $11.1B for Molina Healthcare (Q3 2026).
Is Centene or Molina Healthcare growing faster?
Centene is growing faster (+2% against -3% a year earlier).
Which is more profitable, Centene or Molina Healthcare?
Molina Healthcare is more profitable, with an operating margin of 1.0% against -0.6%.
More: Centene earnings · how Centene makes money · Molina Healthcare earnings · how Molina Healthcare makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.