NYSE : CI
The Cigna Group — Financial statements
Healthcare · Healthcare Plans · United States
Last price 298.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 78.80B
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Financial statements
The Cigna Group (CI) reported revenue of 282.38B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 281.34B | 273.85B | 246.15B | 194.10B | 179.36B | 172.52B |
| Other Revenue | 1.05B | 1.05B | 973.00M | 1.17B | 1.16B | 1.55B |
| Revenue | 282.38B | 274.90B | 247.12B | 195.26B | 180.52B | 174.07B |
| Cost of Revenue | 256.58B | 249.34B | 221.16B | 170.09B | 157.02B | 151.12B |
| Gross Profit | 25.80B | 25.56B | 25.96B | 25.18B | 23.50B | 22.95B |
| Selling, General & Admin | 13.10B | 13.56B | 14.57B | 14.32B | 13.04B | 12.79B |
| Amortization of Goodwill & Intangibles | 1.68B | 1.74B | 1.70B | 1.82B | 1.88B | 2.00B |
| Operating Expenses | 14.78B | 15.30B | 16.27B | 16.14B | 14.92B | 14.79B |
| Operating Income | 11.02B | 10.26B | 9.69B | 9.03B | 8.58B | 8.16B |
| Interest Expense | -1.42B | -1.40B | -1.50B | -1.40B | -1.30B | -1.12B |
| Other Non Operating Income (Expenses) | -6.00M | -8.00M | 65.00M | -46.00M | 72.00M | |
| EBT Excluding Unusual Items | 9.60B | 8.85B | 8.26B | 7.59B | 7.35B | 7.04B |
| Merger & Restructuring Charges | -1.01B | -1.08B | -275.00M | -297.00M | -157.00M | -337.00M |
| Gain (Loss) on Sale of Investments | 115.00M | -24.00M | -2.74B | -78.00M | -487.00M | 198.00M |
| Gain (Loss) on Sale of Assets | -11.00M | 13.00M | 24.00M | -1.50B | 1.66B | |
| Legal Settlements | -49.00M | 17.00M | -201.00M | 28.00M | 27.00M | |
| Other Unusual Items | -141.00M | |||||
| Pretax Income | 8.64B | 7.78B | 5.27B | 5.51B | 8.40B | 6.79B |
| Income Tax Expense | 1.66B | 1.49B | 1.49B | 141.00M | 1.61B | 1.37B |
| Earnings From Continuing Operations | 6.98B | 6.29B | 3.78B | 5.37B | 6.78B | 5.42B |
| Minority Interest in Earnings | -567.00M | -331.00M | -344.00M | -208.00M | -78.00M | -50.00M |
| Net Income | 6.42B | 5.96B | 3.43B | 5.16B | 6.70B | 5.37B |
| Net Income to Common | 6.42B | 5.96B | 3.43B | 5.16B | 6.70B | 5.37B |
| Shares Outstanding (Basic) | 263.92M | 266.74M | 280.29M | 293.89M | 309.55M | 337.96M |
| Shares Outstanding (Diluted) | 265.29M | 268.56M | 283.22M | 296.88M | 313.06M | 340.97M |
| EPS (Basic) | 24.31 | 22.33 | 12.25 | 17.57 | 21.66 | 15.89 |
| EPS (Diluted) | 24.18 | 22.18 | 12.12 | 17.39 | 21.41 | 15.75 |
| Free Cash Flow | 9.11B | 8.39B | 8.96B | 10.24B | 7.36B | 6.04B |
| Free Cash Flow Per Share | 34.35 | 31.24 | 31.63 | 34.49 | 23.51 | 17.71 |
| Dividend Per Share | 6.14 | 6.04 | 5.60 | 4.92 | 4.48 | 4.00 |
| Gross Margin | 9.14% | 9.30% | 10.51% | 12.89% | 13.02% | 13.18% |
| Operating Margin | 3.90% | 3.73% | 3.92% | 4.63% | 4.75% | 4.69% |
| Profit Margin | 2.27% | 2.17% | 1.39% | 2.65% | 3.71% | 3.08% |
| Free Cash Flow Margin | 3.23% | 3.05% | 3.62% | 5.24% | 4.08% | 3.47% |
| EBITDA | 12.76B | 12.05B | 11.45B | 10.85B | 10.44B | 9.96B |
| EBITDA Margin | 4.52% | 4.38% | 4.63% | 5.56% | 5.78% | 5.72% |
| D&A For EBITDA | 1.74B | 1.79B | 1.75B | 1.81B | 1.86B | 1.80B |
| EBIT | 11.02B | 10.26B | 9.69B | 9.03B | 8.58B | 8.16B |
| EBIT Margin | 3.90% | 3.73% | 3.92% | 4.63% | 4.75% | 4.69% |
| Effective Tax Rate | 19.17% | 19.19% | 28.30% | 2.56% | 19.23% | 20.18% |
| Revenue as Reported | 282.38B | 274.90B | 247.12B | 195.26B | 180.52B | 174.07B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.30B | 7.68B | 7.55B | 7.82B | 5.92B | 5.08B |
| Short-Term Investments | 959.00M | 1.06B | 665.00M | 925.00M | 905.00M | 920.00M |
| Cash & Short-Term Investments | 7.26B | 8.73B | 8.21B | 8.75B | 6.83B | 6.00B |
| Accounts Receivable | 30.58B | 28.53B | 24.07B | 17.45B | 16.97B | 14.62B |
| Other Receivables | 335.00M | 359.00M | 162.00M | 272.00M | 248.00M | 456.00M |
| Receivables | 30.92B | 28.89B | 24.23B | 17.72B | 17.22B | 15.07B |
| Inventory | 5.85B | 7.34B | 6.69B | 5.64B | 4.78B | 3.72B |
| Other Current Assets | 2.97B | 2.86B | 9.74B | 5.24B | 1.30B | 11.34B |
| Total Current Assets | 46.99B | 47.81B | 48.87B | 37.35B | 30.12B | 36.13B |
| Property, Plant & Equipment | 3.74B | 877.00M | 828.00M | 877.00M | 1.30B | 1.66B |
| Long-Term Investments | 19.04B | 18.47B | 15.13B | 17.98B | 16.24B | 18.40B |
| Goodwill | 45.53B | 44.92B | 44.37B | 44.26B | 45.81B | 45.81B |
| Other Intangible Assets | 26.93B | 31.33B | 32.24B | 33.68B | 35.34B | 36.91B |
| Long-Term Deferred Tax Assets | 459.00M | 954.00M | 1.05B | 1.11B | ||
| Other Long-Term Assets | 14.85B | 14.04B | 13.49B | 17.55B | 13.96B | 15.97B |
| Total Assets | 157.08B | 157.92B | 155.88B | 152.76B | 143.88B | 154.89B |
| Accounts Payable | 36.63B | 40.99B | 37.76B | 28.37B | 24.84B | 21.96B |
| Accrued Expenses | 7.08B | 6.71B | 6.49B | 7.84B | 7.86B | 7.16B |
| Short-Term Debt | 880.00M | 1.24B | 2.03B | |||
| Current Portion of Long-Term Debt | 2.79B | 549.00M | 2.11B | 1.50B | 2.96B | 495.00M |
| Current Portion of Leases | 43.00M | 43.00M | 42.00M | 147.00M | 182.00M | |
| Current Unearned Revenue | 827.00M | 822.00M | 753.00M | 846.00M | 576.00M | |
| Other Current Liabilities | 8.23B | 7.23B | 9.95B | 8.89B | 4.83B | 11.74B |
| Total Current Liabilities | 55.56B | 56.34B | 57.98B | 48.72B | 41.23B | 43.57B |
| Long-Term Debt | 28.98B | 30.80B | 28.90B | 28.09B | 28.03B | 31.10B |
| Long-Term Leases | 110.00M | 68.00M | 41.00M | 66.00M | 412.00M | 464.00M |
| Long-Term Unearned Revenue | 43.00M | 40.00M | 31.00M | 22.00M | 22.00M | |
| Long-Term Deferred Tax Liabilities | 6.73B | 7.14B | 6.97B | 7.17B | 7.79B | 8.35B |
| Other Long-Term Liabilities | 22.75B | 21.65B | 20.72B | 22.34B | 21.65B | 24.23B |
| Total Liabilities | 114.17B | 116.05B | 114.64B | 106.41B | 99.13B | 107.70B |
| Common Stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Additional Paid-In Capital | 32.09B | 31.79B | 31.29B | 30.67B | 30.23B | 29.57B |
| Retained Earnings | 50.35B | 47.87B | 43.52B | 41.65B | 37.94B | 32.59B |
| Treasury Stock | -35.47B | -35.14B | -31.44B | -24.24B | -21.84B | -14.18B |
| Comprehensive Income & Other | -4.36B | -2.81B | -2.34B | -1.86B | -1.66B | -884.00M |
| Total Common Equity | 42.62B | 41.71B | 41.03B | 46.22B | 44.67B | 47.11B |
| Minority Interest | 290.00M | 161.00M | 210.00M | 128.00M | 79.00M | 72.00M |
| Shareholders' Equity | 42.91B | 41.87B | 41.24B | 46.35B | 44.75B | 47.18B |
| Total Liabilities & Equity | 157.08B | 157.92B | 155.88B | 152.76B | 143.88B | 154.89B |
| Total Debt | 31.88B | 31.46B | 31.97B | 30.93B | 31.55B | 34.27B |
| Net Cash (Debt) | -24.62B | -22.73B | -23.76B | -22.18B | -24.72B | -28.26B |
| Net Cash Per Share | -92.81 | -84.64 | -83.88 | -74.72 | -78.97 | -82.89 |
| Filing Date Shares Outstanding | 264.24M | 263.53M | 273.68M | 292.36M | 297.06M | 320.95M |
| Total Common Shares Outstanding | 263.70M | 263.46M | 273.79M | 292.50M | 298.68M | 322.95M |
| Working Capital | -8.57B | -8.53B | -9.11B | -11.37B | -11.10B | -7.44B |
| Book Value Per Share | 161.62 | 158.33 | 149.87 | 158.03 | 149.58 | 145.88 |
| Tangible Book Value | -29.84B | -34.55B | -35.58B | -31.72B | -36.48B | -35.61B |
| Tangible Book Value Per Share | -113.18 | -131.12 | -129.95 | -108.43 | -122.13 | -110.27 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.42B | 5.96B | 3.43B | 5.16B | 6.70B | 5.37B |
| Depreciation & Amortization | 1.74B | 1.79B | 1.75B | 1.81B | 1.86B | 1.80B |
| Other Amortization | 987.00M | 987.00M | 1.02B | 1.22B | 1.08B | 1.12B |
| Loss (Gain) From Sale of Assets | 11.00M | -13.00M | -24.00M | 1.50B | -1.66B | |
| Loss (Gain) From Sale of Investments | -115.00M | 24.00M | 2.74B | 78.00M | 487.00M | -198.00M |
| Other Operating Activities | 1.01B | 657.00M | 249.00M | -1.45B | -394.00M | -25.00M |
| Change in Accounts Receivable | -276.00M | -4.63B | -7.37B | -1.66B | -2.24B | -2.84B |
| Change in Inventory | 118.00M | -646.00M | -1.03B | -868.00M | -1.05B | -557.00M |
| Change in Accounts Payable | 812.00M | 4.67B | 9.89B | 5.51B | 3.49B | 2.04B |
| Change in Other Net Operating Assets | -428.00M | 812.00M | -302.00M | 508.00M | 382.00M | 483.00M |
| Operating Cash Flow | 10.28B | 9.60B | 10.36B | 11.81B | 8.66B | 7.19B |
| Capital Expenditures | -1.16B | -1.21B | -1.41B | -1.57B | -1.29B | -1.15B |
| Cash Acquisitions | -597.00M | -597.00M | -131.00M | -447.00M | -1.83B | |
| Divestitures | 664.00M | 2.98B | 521.00M | 13.00M | 4.83B | -61.00M |
| Investment in Securities | -3.94B | -4.55B | -248.00M | -2.90B | -209.00M | -513.00M |
| Other Investing Activities | -1.03B | -1.14B | -972.00M | -332.00M | -170.00M | 97.00M |
| Investing Cash Flow | -5.95B | -4.41B | -2.10B | -5.17B | 3.10B | -3.61B |
| Short-Term Debt Issued | 1.20B | 975.00M | ||||
| Long-Term Debt Issued | 6.46B | 4.46B | 1.49B | 4.26B | ||
| Total Debt Issued | 7.14B | 6.46B | 4.46B | 2.69B | 5.24B | |
| Short-Term Debt Repaid | -927.00M | -402.00M | -2.06B | |||
| Long-Term Debt Repaid | -6.20B | -3.00B | -2.97B | -500.00M | -4.58B | |
| Total Debt Repaid | -6.07B | -7.12B | -3.40B | -2.97B | -2.56B | -4.58B |
| Net Debt Issued (Repaid) | 1.06B | -667.00M | 1.06B | -278.00M | -2.56B | 657.00M |
| Issuance of Common Stock | 220.00M | 203.00M | 305.00M | 187.00M | 389.00M | 326.00M |
| Repurchase of Common Stock | -1.28B | -3.62B | -7.03B | -2.28B | -7.61B | -7.74B |
| Common Dividends Paid | -1.62B | -1.61B | -1.57B | -1.45B | -1.38B | -1.34B |
| Other Financing Activities | -718.00M | -725.00M | -411.00M | -469.00M | -79.00M | -112.00M |
| Financing Cash Flow | -2.34B | -6.42B | -7.65B | -4.29B | -11.24B | -8.21B |
| Foreign Exchange Rate Adjustments | -19.00M | 32.00M | -20.00M | 16.00M | -86.00M | -65.00M |
| Miscellaneous Cash Flow Adjustments | -1.34B | -467.00M | -425.00M | |||
| Net Cash Flow | 1.97B | -1.20B | -745.00M | 1.89B | 428.00M | -5.12B |
| Free Cash Flow | 9.11B | 8.39B | 8.96B | 10.24B | 7.36B | 6.04B |
| Free Cash Flow Margin | 3.23% | 3.05% | 3.62% | 5.24% | 4.08% | 3.47% |
| Free Cash Flow Per Share | 34.35 | 31.24 | 31.63 | 34.49 | 23.51 | 17.71 |
| Levered Free Cash Flow | 7.98B | 9.77B | 3.75B | 9.03B | 10.55B | 963.88M |
| Unlevered Free Cash Flow | 8.87B | 10.64B | 4.69B | 9.91B | 11.36B | 1.66B |
| Cash Interest Paid | 1.35B | 1.35B | 1.34B | 1.33B | 1.23B | 1.25B |
| Cash Income Tax Paid | 399.00M | 399.00M | 898.00M | 1.47B | 1.85B | 2.24B |
| Change in Working Capital | 226.00M | 201.00M | 1.19B | 3.49B | 584.00M | -879.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 78.27B | 73.52B | 76.81B | 87.63B | 101.30B | 76.11B |
| Enterprise Value | 102.89B | 100.86B | 103.06B | 109.30B | 125.61B | 106.23B |
| Last Close Price | 298.23 | 270.64 | 266.07 | 283.86 | 308.46 | 210.29 |
| PE Ratio | 12.25 | 12.34 | 22.37 | 16.97 | 15.11 | 14.17 |
| Forward PE | 9.32 | 9.01 | 9.01 | 10.94 | 13.89 | 10.59 |
| PS Ratio | 0.28 | 0.27 | 0.31 | 0.45 | 0.56 | 0.44 |
| PB Ratio | 1.85 | 1.76 | 1.86 | 1.89 | 2.26 | 1.61 |
| P/FCF Ratio | 8.52 | 8.76 | 8.57 | 8.56 | 13.76 | 12.61 |
| P/OCF Ratio | 7.56 | 7.66 | 7.41 | 7.42 | 11.70 | 10.58 |
| PEG Ratio | 0.89 | 0.92 | 0.65 | 0.88 | 1.07 | 0.85 |
| EV/Sales Ratio | 0.36 | 0.37 | 0.42 | 0.56 | 0.70 | 0.61 |
| EV/EBITDA Ratio | 8.02 | 8.37 | 9.00 | 10.08 | 12.04 | 10.66 |
| EV/EBIT Ratio | 9.28 | 9.83 | 10.63 | 12.10 | 14.64 | 13.02 |
| EV/FCF Ratio | 11.23 | 12.02 | 11.51 | 10.67 | 17.07 | 17.60 |
| Debt / Equity Ratio | 0.74 | 0.75 | 0.78 | 0.67 | 0.70 | 0.73 |
| Debt / EBITDA Ratio | 2.50 | 2.61 | 2.79 | 2.85 | 2.98 | 3.37 |
| Debt / FCF Ratio | 3.50 | 3.75 | 3.57 | 3.02 | 4.29 | 5.68 |
| Net Debt / Equity Ratio | 0.57 | 0.54 | 0.58 | 0.48 | 0.55 | 0.60 |
| Net Debt / EBITDA Ratio | 1.93 | 1.89 | 2.08 | 2.04 | 2.37 | 2.84 |
| Net Debt / FCF Ratio | 2.70 | 2.71 | 2.65 | 2.17 | 3.36 | 4.68 |
| Asset Turnover | 1.83 | 1.75 | 1.60 | 1.32 | 1.21 | 1.12 |
| Inventory Turnover | 43.44 | 35.54 | 35.85 | 32.64 | 36.95 | 43.88 |
| Quick Ratio | 0.69 | 0.67 | 0.56 | 0.54 | 0.58 | 0.48 |
| Current Ratio | 0.85 | 0.85 | 0.84 | 0.77 | 0.73 | 0.83 |
| Return on Equity (ROE) | 16.76% | 15.13% | 8.63% | 11.79% | 14.75% | 11.11% |
| Return on Assets (ROA) | 4.46% | 4.09% | 3.92% | 3.81% | 3.59% | 3.29% |
| Return on Invested Capital (ROIC) | 13.39% | 12.79% | 10.41% | 12.76% | 9.56% | 8.81% |
| Return on Capital Employed (ROCE) | 10.90% | 10.10% | 9.90% | 8.70% | 8.40% | 7.30% |
| Earnings Yield | 8.16% | 8.10% | 4.47% | 5.89% | 6.62% | 7.06% |
| FCF Yield | 11.73% | 11.41% | 11.66% | 11.69% | 7.27% | 7.93% |
| Dividend Yield | 2.11% | 2.16% | 2.00% | 1.64% | 1.32% | 1.70% |
| Payout Ratio | 25.80% | 27.04% | 45.63% | 28.08% | 20.64% | 24.97% |
| Buyback Yield / Dilution | 3.55% | 5.17% | 4.60% | 5.17% | 8.18% | 7.44% |
| Total Shareholder Return | 5.67% | 7.34% | 6.60% | 6.81% | 9.50% | 9.14% |