| Income statement | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $274.90B | $247.12B | $195.26B | $180.52B | $174.07B | $160.40B |
| Cost of revenue | $214.99B | $182.51B | $133.80B | $124.83B | $117.55B | $103.48B |
| Gross margin | 21.8% | 26.1% | 31.5% | 30.8% | 32.5% | 35.5% |
| SG&A | $14.62B | $14.84B | $14.82B | $13.17B | $13.01B | $14.07B |
| Operating income | $9.20B | $9.42B | $8.54B | $8.45B | $7.94B | $8.15B |
| Operating margin | 3.3% | 3.8% | 4.4% | 4.7% | 4.6% | 5.1% |
| Pretax income | $7.78B | $5.27B | $5.51B | $8.40B | $6.79B | $10.87B |
| Income tax | $1.49B | $1.49B | $141.0M | $1.61B | $1.37B | $2.38B |
| Net income | $5.96B | $3.43B | $5.16B | $6.78B | $5.42B | $8.49B |
| Net margin | 2.2% | 1.4% | 2.6% | 3.8% | 3.1% | 5.3% |
| EPS (diluted) | $22.18 | $12.12 | $17.39 | $21.41 | $15.75 | $22.96 |
| EPS (basic) | $22.33 | $12.25 | $17.57 | $21.66 | $15.89 | $23.17 |
| Shares (diluted) | 268.6M | 283.2M | 296.9M | 313.1M | 341.0M | 368.4M |
| Balance sheet | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Total assets | $157.92B | $155.88B | $152.76B | $143.88B | $154.89B | $155.45B |
| Cash & equivalents | $7.68B | $7.55B | $7.82B | $5.92B | $5.08B | $10.18B |
| Total liabilities | $116.05B | $114.64B | $106.41B | $99.13B | $107.70B | $105.06B |
| Stockholders' equity | $41.71B | $41.03B | $46.22B | $44.67B | $47.11B | $50.32B |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $9.60B | $10.36B | $11.81B | $8.66B | $7.19B | $10.35B |
| Profitability | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gross margin | 21.8% | 26.1% | 31.5% | 30.8% | 32.5% | 35.5% |
| Operating margin | 3.3% | 3.8% | 4.4% | 4.7% | 4.6% | 5.1% |
| EBITDA margin | 4.4% | 4.9% | 5.9% | 6.3% | 6.2% | 6.8% |
| Net margin | 2.2% | 1.4% | 2.6% | 3.8% | 3.1% | 5.3% |
| Returns | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Return on equity | 14.3% | 8.4% | 11.2% | 15.2% | 11.5% | 16.9% |
| Return on assets | 3.8% | 2.2% | 3.4% | 4.7% | 3.5% | 5.5% |
| Return on invested capital | 11.3% | 10.3% | 12.0% | 9.8% | 8.4% | 8.7% |
| Return on capital employed | 9.1% | 9.6% | 8.2% | 8.2% | 7.1% | 6.8% |
| Liquidity | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Current ratio | 0.85 | 0.84 | 0.77 | 0.73 | 0.83 | 0.77 |
| Quick ratio | 0.72 | 0.73 | 0.65 | 0.61 | 0.74 | 0.68 |
| Cash ratio | 0.14 | 0.13 | 0.16 | 0.14 | 0.12 | 0.28 |
| Working capital | -$8.53B | -$9.11B | -$11.37B | -$11.10B | -$7.44B | -$8.22B |
| Leverage | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Debt to equity | 0.76 | 0.78 | 0.67 | 0.70 | 0.72 | 0.65 |
| Debt to assets | 0.20 | 0.21 | 0.20 | 0.22 | 0.22 | 0.21 |
| Net debt | $23.83B | $24.46B | $23.15B | $25.20B | $28.61B | $22.75B |
| Net debt / EBITDA | 1.99 | 2.01 | 2.00 | 2.21 | 2.63 | 2.08 |
| Financial leverage | 3.79 | 3.80 | 3.30 | 3.22 | 3.29 | 3.09 |
| Efficiency | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Asset turnover | 1.74 | 1.59 | 1.28 | 1.25 | 1.12 | 1.03 |
| Inventory turnover | 29.30 | 27.27 | 23.70 | 26.13 | 31.58 | 32.70 |
| Receivables turnover | 9.56 | 10.20 | 11.02 | 10.48 | 11.55 | 13.16 |
| Days sales outstanding | 38 days | 36 days | 33 days | 35 days | 32 days | 28 days |
| Days inventory outstanding | 12 days | 13 days | 15 days | 14 days | 12 days | 11 days |
| Days payables outstanding | 18 days | 19 days | 23 days | 23 days | 21 days | 19 days |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Income quality (CFO / net income) | 1.61 | 3.02 | 2.29 | 1.28 | 1.33 | 1.22 |
| Per share | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue per share | $1023.60 | $872.55 | $657.72 | $576.62 | $510.52 | $435.41 |
| Book value per share | $155.32 | $144.88 | $155.69 | $142.70 | $138.17 | $136.60 |
| Cash per share | $28.58 | $26.66 | $26.35 | $18.92 | $14.90 | $27.64 |
| Growth | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue growth (YoY) | 11.2% | 26.6% | 8.2% | 3.7% | 8.5% | — |
| Net income growth (YoY) | 73.5% | -33.5% | -23.9% | 25.1% | -36.2% | — |
| EPS growth (YoY) | 82.3% | -30.3% | -18.9% | 36.3% | -31.4% | — |
Cigna Group is a global health company serving more than 185 million customer relationships across more than 30 markets. It operates through two main segments: Evernorth Health Services and Cigna Healthcare. Evernorth Health Services provides pharmacy benefit services and specialty care solutions, including drug claim adjudication, pharmacy network administration, drug utilization review, and formulary management. Cigna Healthcare offers comprehensive medical benefits and coordinated health solutions through its U.S. and International Health operations. Together, these segments combine pharmacy and medical capabilities to deliver solutions focused on improving affordability, transparency, and health outcomes for customers and patients.
| Date | Insider | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jun 12, 2026 | Kates Jamie G | Chief Accounting Officer | Option exercise | 899 | $152.89 | $137,452 |
| Jun 12, 2026 | Kates Jamie G | Chief Accounting Officer | Sell | 899 | $298.61 | $268,452 |
| Jun 12, 2026 | Kates Jamie G | Chief Accounting Officer | Option exercise | 899 | — | — |
| Jun 1, 2026 | Koka Durga Prasad | EVP, Global CIO | Tax withholding | 729 | $275.53 | $200,861 |
| May 29, 2026 | Kurian George | Director | Grant | 108 | $277.40 | $30,001 |
| May 13, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 15,458 | $149.14 | $2M |
| May 13, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 7,971 | $197.35 | $2M |
| May 13, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 15,458 | — | — |
| May 13, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 7,971 | — | — |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 103,595 | $149.14 | $15M |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Option exercise | 85,519 | $197.35 | $17M |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Sell | 3,903 | $286.83 | $1M |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Sell | 14,292 | $287.96 | $4M |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Sell | 13,839 | $288.85 | $4M |
| May 12, 2026 | Cordani David | Chairman & CEO · Director | Sell | 41,099 | $290.00 | $12M |
Source: SEC Form 4. Grants, gifts and option exercises show no market value.
85 institutional holders · $290M · 13F, Jun 2026
| Holder | Shares | Value |
|---|---|---|
| Maj Invest Holding A/S | 443,993 | $122M |
| Wilsey Asset Management Inc | 123,645 | $34M |
| Assenagon Asset Management S.A. | 103,683 | $29M |
| Pensiondanmark Pensionsforsikringsaktieselskab | 82,261 | $23M |
| Czech National Bank | 75,296 | $21M |
| Cx Institutional | 33,831 | $9M |
| Bdf-Gestion | 5,270 | $6M |
| Hall Laurie J Trustee | 12,523 | $3M |
| Canandaigua National Bank & Trust Co | 11,258 | $3M |
| Cmh Wealth Management Llc | 9,814 | $3M |
| Red Spruce Capital, Llc | 9,721 | $3M |
| Chesley Taft & Associates Llc | 8,669 | $2M |
| Gamma Investing Llc | 8,100 | $2M |
| Castle Rock Wealth Management, Llc | 6,023 | $2M |
| Central Pacific Bank - Trust Division | 5,269 | $1M |
| Bath Savings Trust Co | 5,237 | $1M |
| Cgn Advisors Llc | 4,745 | $1M |
| Wynn Capital, Llc | 3,784 | $1M |
| Everhart Financial Group, Inc. | 3,641 | $1M |
| American State Bank (Iowa) | 3,511 | $967,912 |
Source: SEC Form 13F (latest reported quarter; managers file up to 45 days after quarter-end).
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