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Cigna Group CI

Public company. Based in Bloomfield, Connecticut.

Price
Revenue (FY2025) $274.90B
Revenue growth 11.2%
Gross margin 21.8%
Operating margin 3.3%
Net margin 2.2%
Free cash flow
SEC EDGAR All filings →
Financials
Annual · FY2025 · source: SEC EDGAR
Revenue
Net income
Free cash flow
EPS
Income statement FY2025FY2024FY2023FY2022FY2021FY2020
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) 268.6M283.2M296.9M313.1M341.0M368.4M
Balance sheet FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $9.60B$10.36B$11.81B$8.66B$7.19B$10.35B
Income statement TTMQ1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Revenue $277.89B$68.49B$72.47B$69.75B$67.18B$65.50B$65.65B$63.69B$60.52B
Cost of revenue $220.69B$54.10B$57.80B$55.53B$53.27B$48.40B$49.02B$47.56B$44.49B
Gross margin 20.6%21.0%20.3%20.4%20.7%26.1%25.3%25.3%26.5%
SG&A $14.13B$3.72B$3.61B$3.36B$3.43B$4.21B$3.87B$3.59B$3.68B
Operating income $9.59B$2.36B$2.35B$2.58B$2.31B$1.97B$2.17B$2.58B$2.41B
Operating margin 3.4%3.4%3.2%3.7%3.4%3.0%3.3%4.0%4.0%
Pretax income $8.40B$2.27B$1.82B$2.29B$2.02B$1.65B$2.01B$1.19B$1.99B
Income tax $1.66B$409.0M$543.0M$322.0M$389.0M$239.0M$473.0M$367.0M$360.0M
Net income $6.20B$1.65B$943.0M$1.97B$1.63B$1.32B$1.19B$825.0M$1.63B
Net margin 2.2%2.4%1.3%2.8%2.4%2.0%1.8%1.3%2.7%
EPS (diluted) $23.61$6.26$4.66$6.98$5.71$4.85$5.07$2.63$5.45
EPS (basic) $23.76$6.30$4.68$7.02$5.76$4.88$5.12$2.65$5.51
Shares (diluted) 266.3M264.0M265.7M267.5M268.2M273.0M277.7M281.4M284.1M
Cash flow TTMQ1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Operating cash flow $8.81B$1.13B$6.15B$3.42B-$1.89B$1.92B$5.21B$46.0M$265.0M
Ratios & metrics
source: SEC EDGAR · quarterly on a trailing-twelve-month basis
Profitability FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
Current ratio 0.850.840.770.730.830.77
Quick ratio 0.720.730.650.610.740.68
Cash ratio 0.140.130.160.140.120.28
Working capital -$8.53B-$9.11B-$11.37B-$11.10B-$7.44B-$8.22B
Leverage FY2025FY2024FY2023FY2022FY2021FY2020
Debt to equity 0.760.780.670.700.720.65
Debt to assets 0.200.210.200.220.220.21
Net debt $23.83B$24.46B$23.15B$25.20B$28.61B$22.75B
Net debt / EBITDA 1.992.012.002.212.632.08
Financial leverage 3.793.803.303.223.293.09
Efficiency FY2025FY2024FY2023FY2022FY2021FY2020
Asset turnover 1.741.591.281.251.121.03
Inventory turnover 29.3027.2723.7026.1331.5832.70
Receivables turnover 9.5610.2011.0210.4811.5513.16
Days sales outstanding 38 days36 days33 days35 days32 days28 days
Days inventory outstanding 12 days13 days15 days14 days12 days11 days
Days payables outstanding 18 days19 days23 days23 days21 days19 days
Cash flow FY2025FY2024FY2023FY2022FY2021FY2020
Income quality (CFO / net income) 1.613.022.291.281.331.22
Per share FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
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%
Profitability Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Gross margin 20.6%21.8%23.1%24.3%25.8%26.1%27.4%29.0%
Operating margin 3.4%3.3%3.4%3.4%3.6%3.8%4.0%4.1%
EBITDA margin 4.4%4.4%4.4%4.5%4.6%4.9%5.2%5.5%
Net margin 2.2%2.1%2.3%1.9%1.9%1.4%1.4%1.7%
Returns Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Return on equity 14.7%14.1%14.6%12.4%12.4%8.4%7.5%9.1%
Return on assets 4.0%3.7%3.9%3.3%3.3%2.2%2.0%2.4%
Return on invested capital 11.6%11.3%10.6%10.6%11.6%10.3%13.1%13.1%
Return on capital employed 9.5%9.1%8.9%9.5%9.6%9.6%9.3%9.0%
Liquidity Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Current ratio 0.820.850.830.790.780.840.860.83
Quick ratio 0.710.720.730.680.690.730.770.74
Cash ratio 0.130.140.110.080.150.130.100.12
Working capital -$9.57B-$8.53B-$9.72B-$12.06B-$12.19B-$9.11B-$7.84B-$9.16B
Leverage Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Debt to equity 0.730.760.810.770.760.780.780.77
Debt to assets 0.200.200.220.200.200.210.210.21
Net debt $23.86B$23.83B$28.02B$26.44B$22.11B$24.46B$26.91B$25.10B
Net debt / EBITDA 1.931.992.392.261.872.012.212.10
Financial leverage 3.633.793.783.773.753.803.743.76
Efficiency Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Asset turnover 1.811.741.701.731.701.591.481.40
Inventory turnover 37.8529.3036.6233.2236.6127.2733.2029.93
Receivables turnover 10.449.568.458.419.4810.208.358.68
Days sales outstanding 35 days38 days43 days43 days38 days36 days44 days42 days
Days inventory outstanding 10 days12 days10 days11 days10 days13 days11 days12 days
Days payables outstanding 16 days18 days17 days18 days18 days19 days18 days22 days
Cash flow Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Income quality (CFO / net income) 1.421.641.421.061.503.022.112.50
Per share Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Revenue per share $1043.36$1023.54$987.04$952.60$915.18$875.03$811.50$750.10
Book value per share $158.48$155.31$153.92$146.20$144.16$145.29$146.87$142.26
Cash per share $26.43$28.58$22.18$15.74$29.87$26.73$20.54$23.36
Growth Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24
Revenue growth (YoY) 8.8%11.2%15.3%20.2%24.0%26.6%22.5%17.1%
Net income growth (YoY) 24.8%71.0%94.8%32.1%36.3%-33.5%-42.8%-44.8%
EPS growth (YoY) 30.8%81.5%112.3%43.0%47.4%-29.9%-40.6%-42.4%
What does Cigna Group do?
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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.

Insider transactions · CI
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
See every insider trade on CI — unlock with MLQ Pro →

Source: SEC Form 4. Grants, gifts and option exercises show no market value.

Institutional ownership · CI

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
See all 85 institutional holders — unlock with MLQ Pro →

Source: SEC Form 13F (latest reported quarter; managers file up to 45 days after quarter-end).

MLQ.ai Featured on CI
SEC filings 186 total · EDGAR
Financials 30
10-Q Quarterly report · Mar 31, 2026 Apr 30, 2026 Read →
10-K Annual report · Dec 31, 2025 Feb 26, 2026 Read →
10-Q Quarterly report · Sep 30, 2025 Oct 30, 2025 Read →
10-Q Quarterly report · Jun 30, 2025 Jul 31, 2025 Read →
10-Q Quarterly report · Mar 31, 2025 May 02, 2025 Read →
10-K Annual report · Dec 31, 2024 Feb 27, 2025 Read →
10-Q Quarterly report · Sep 30, 2024 Oct 31, 2024 Read →
10-Q Quarterly report · Jun 30, 2024 Aug 01, 2024 Read →
+22 more financials
Current reports 133
8-K Current report · Items 7.01 · May 13, 2026 May 13, 2026 Read →
8-K Current report · Items 2.02,9.01 · Apr 30, 2026 Apr 30, 2026 Read →
8-K Current report · Items 5.07 · Apr 22, 2026 Apr 27, 2026 Read →
8-K Current report · Items 5.02,7.01,9.01 · Feb 25, 2026 Mar 03, 2026 Read →
8-K Current report · Items 7.01 · Feb 27, 2026 Feb 27, 2026 Read →
8-K Current report · Items 2.02,9.01 · Feb 05, 2026 Feb 05, 2026 Read →
8-K Current report · Items 8.01 · Oct 22, 2025 Nov 18, 2025 Read →
8-K Current report · Items 2.02,9.01 · Oct 30, 2025 Oct 30, 2025 Read →
+125 more current reports
Prospectuses & registrations 6
424B5 Prospectus Sep 04, 2025 Read →
424B5 Prospectus Sep 02, 2025 Read →
424B5 Prospectus Feb 07, 2024 Read →
424B5 Prospectus Mar 02, 2023 Read →
424B5 Prospectus Mar 03, 2021 Read →
424B5 Prospectus Mar 05, 2020 Read →
Proxies 8
DEF 14A Proxy statement · Apr 22, 2026 Mar 13, 2026 Read →
DEF 14A Proxy statement · Apr 23, 2025 Mar 14, 2025 Read →
DEF 14A Proxy statement · Apr 24, 2024 Mar 15, 2024 Read →
DEF 14A Proxy statement Mar 17, 2023 Read →
DEF 14A Proxy statement · Apr 27, 2022 Mar 18, 2022 Read →
DEF 14A Proxy statement · Apr 28, 2021 Mar 19, 2021 Read →
DEF 14A Proxy statement · Apr 22, 2020 Mar 13, 2020 Read →
DEF 14A Proxy statement · Apr 24, 2019 Mar 15, 2019 Read →
Ownership 9
SC 13G Beneficial ownership (13G) Nov 12, 2024 Read →
SC 13G Beneficial ownership (13G) Feb 09, 2023 Read →
SC 13G Beneficial ownership (13G) Feb 07, 2023 Read →
SC 13G Beneficial ownership (13G) Feb 14, 2022 Read →
SC 13G Beneficial ownership (13G) Feb 08, 2021 Read →
SC 13G Beneficial ownership (13G) Feb 14, 2020 Read →
SC 13G Beneficial ownership (13G) Feb 14, 2019 Read →
SC 13G Beneficial ownership (13G) Feb 14, 2019 Read →
+1 more ownership
Form Description Filed Link
8-K Current report · Items 7.01 May 13, 2026 Read → SEC ↗
10-Q Quarterly report Apr 30, 2026 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Apr 30, 2026 Read → SEC ↗
8-K Current report · Items 5.07 Apr 27, 2026 Read → SEC ↗
DEF 14A Proxy statement Mar 13, 2026 Read → SEC ↗
8-K Current report · Items 5.02,7.01,9.01 Mar 03, 2026 Read → SEC ↗
8-K Current report · Items 7.01 Feb 27, 2026 Read → SEC ↗
10-K Annual report Feb 26, 2026 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Feb 05, 2026 Read → SEC ↗
8-K Current report · Items 8.01 Nov 18, 2025 Read → SEC ↗
10-Q Quarterly report Oct 30, 2025 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Oct 30, 2025 Read → SEC ↗
8-K Current report · Items 5.02 Oct 20, 2025 Read → SEC ↗
8-K Current report · Items 1.01,2.03,8.01,9.01 Sep 04, 2025 Read → SEC ↗
424B5 Prospectus Sep 04, 2025 Read → SEC ↗
424B5 Prospectus Sep 02, 2025 Read → SEC ↗
8-K Current report · Items 7.01 Sep 02, 2025 Read → SEC ↗
10-Q Quarterly report Jul 31, 2025 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Jul 31, 2025 Read → SEC ↗
8-K/A Current report (amended) · Items 5.02 Jul 28, 2025 Read → SEC ↗
8-K Current report · Items 5.02,9.01 Jun 02, 2025 Read → SEC ↗
8-K Current report · Items 7.01 May 20, 2025 Read → SEC ↗
10-Q Quarterly report May 02, 2025 Read → SEC ↗
8-K Current report · Items 2.02,9.01 May 02, 2025 Read → SEC ↗
8-K Current report · Items 1.01,1.02,2.03,5.02,5.07 Apr 28, 2025 Read → SEC ↗
8-K Current report · Items 5.02 Apr 18, 2025 Read → SEC ↗
8-K Current report · Items 8.01,9.01 Mar 19, 2025 Read → SEC ↗
DEF 14A Proxy statement Mar 14, 2025 Read → SEC ↗
8-K Current report · Items 5.02,7.01 Mar 13, 2025 Read → SEC ↗
8-K Current report · Items 7.01 Mar 03, 2025 Read → SEC ↗
10-K Annual report Feb 27, 2025 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Jan 30, 2025 Read → SEC ↗
SC 13G Beneficial ownership (13G) Nov 12, 2024 Read → SEC ↗
10-Q Quarterly report Oct 31, 2024 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Oct 31, 2024 Read → SEC ↗
8-K Current report · Items 7.01 Sep 03, 2024 Read → SEC ↗
10-Q Quarterly report Aug 01, 2024 Read → SEC ↗
8-K Current report · Items 2.02,9.01 Aug 01, 2024 Read → SEC ↗
8-K Current report · Items 5.02 Jun 20, 2024 Read → SEC ↗
8-K Current report · Items 7.01 Jun 06, 2024 Read → SEC ↗
10-Q Quarterly report May 02, 2024 Read → SEC ↗
8-K Current report · Items 2.02,9.01 May 02, 2024 Read → SEC ↗
8-K Current report · Items 5.07 Apr 26, 2024 Read → SEC ↗
8-K Current report · Items 1.01,2.03,8.01 Apr 26, 2024 Read → SEC ↗
DEF 14A Proxy statement Mar 15, 2024 Read → SEC ↗
8-K Current report · Items 7.01,9.01 Mar 07, 2024 Read → SEC ↗
10-K Annual report Feb 29, 2024 Read → SEC ↗
8-K Current report · Items 8.01,9.01 Feb 15, 2024 Read → SEC ↗
8-K Current report · Items 1.01,2.03,7.01,8.01,9.01 Feb 13, 2024 Read → SEC ↗
8-K Current report · Items 8.01,9.01 Feb 07, 2024 Read → SEC ↗
186 filings on file — see every 10-K, 10-Q, 8-K and proxy. Unlock with MLQ Pro →
Contacts at Cigna Group
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