Cigna Corp Profitability Analysis

CI Stock  USD 287.71  5.13  1.82%   
Reviewing Cigna Corp's reported profitability metrics, Cigna Corp is marginally profitable with a thin net margin of 2.06% and operating margin of 5.05%, leaving limited cushion against cost increases or revenue softness. Return on equity is 10.0%. Profitability trends show softening, with margins contracting relative to prior-year levels.
 
Net Income  
 First Reported
1985-09-30
 Previous Quarter
1.9 B
 Current Value
1.2 B
 Quarterly Volatility
582 M
Macro event markers
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.08980.0945
Sufficiently Down
Consistent Decline
Net Profit Margin0.02060.0217
Sufficiently Down
Moderate Decline
Operating Profit Margin0.05050.0332
Way Up
High Variability
Pretax Profit Margin0.02620.0276
Notably Down
Moderate Decline
Cigna Corp's profitability metrics indicate positive but thin earnings, characteristic of a business where operational discipline is critical to maintaining results. The relatively narrow gap between gross margin of 8.98% and net margin of 2.06% suggests an efficient cost structure with limited margin erosion below the gross profit line. Return on equity of 10.0% alongside return on assets of 3.96% reflects how efficiently Cigna Corp's capital and asset base are converting into earnings. Figures reflect Cigna Corp's last reported annual data.
  

Revenue Mix By Segments

Cigna Corp's revenue is distributed across 2 distinct product categories. Evernorth accounts for approximately 83.8% of Cigna Corp's revenue at 64.73 Billion, while Cigna Healthcare contributes 16.2% at 12.51 Billion. With the top segment exceeding 60% of revenue, Cigna Corp's earnings are heavily concentrated in a single product line.
Cigna Corp has a market cap of 74.51 B, an operating margin of 3.53% on a trailing twelve-month basis, compared to 5.05% in the last reported annual period, current ratio of 0.83. Sector concentration and correlation with existing positions affect diversification impact. Broader economic conditions can influence Cigna Corp's company valuation - related indicators include signals in gross domestic product.
Exploring Cigna Stock for the first time? Start with our How to Buy Cigna Stock step-by-step guide. It provides a clear overview of how to add Cigna Corp to your portfolio. It is a useful companion to the data and analysis available for Cigna Stock.Analyst EPS forecasts for Cigna Corp distill multiple research perspectives into a consensus earnings outlook. Net profit margin of 2.06% shows how much of Cigna Corp's top line converts to bottom-line earnings. Consensus projections for Cigna Corp reference EPS measures that strip out non-recurring items. The estimates may reflect stock option expense as part of the total.
Macro event markers
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Cigna Corp consensus EPS is set at 7.35 for the 31st of March 2026 reporting period. The gap between street consensus and management guidance for Cigna Corp frames how the market prices earnings risk.

Earnings Segment Revenue Breakdown for Cigna Corp Snapshot

The breakdown below shows how Cigna Corp's revenue is split across product segments for the most recent reporting period. On the smaller end, Cigna Healthcare contributes 16.2% to Cigna Corp's revenue.
Cigna Corp Inc EPS consensus generally reflects earnings before non-recurring adjustments. The relationship between Cigna Corp's revenue guidance and EPS estimates shows how top-line assumptions flow into earnings projections.
 Quarterly Earnings Growth
-9.3%
 Dividend Share
6.04
 Earnings Share
22.18
 Revenue Per Share
K
 Quarterly Revenue Growth
10.4%
Book value captures Cigna accounting equity, while market value captures the collective view of participants. Cigna Corp's market capitalization is 74.51 B. At P/B 1.79, Cigna Corp trades moderately above book value. Enterprise value (TTM) stands at 98.29 B. Intrinsic value provides a third perspective, grounded in fundamentals rather than accounting convention or market sentiment.
Distinguishing between Cigna Corp's value and market price helps frame analytical expectations. For Cigna Corp, key inputs include a P/E ratio of 13.93, a P/B ratio of 1.79, a profit margin of 2.06%, and ROE of 10.0%.

Cigna Corp Return On Asset vs. Return On Equity Fundamental Analysis

Return On Equity stood at 10.00% as of December 31, 2025. Related reported metric: Return On Asset at 3.96% as of December 31, 2025.

Cigna Return On Asset vs. Return On Equity

Cigna Corp's Return on Equity of 10.0% reflects a healthy level of efficiency in converting shareholder capital into profit. This range generally supports both reinvestment capacity and shareholder distributions without relying excessively on financial leverage to inflate the return.

Cigna Corp

Return On Equity

 = 

Net Income

Total Equity

 = 
0.10
Cigna Corp's Return on Assets of 3.96% falls within a moderate range, consistent with many established businesses. This level of asset productivity is typical for companies that maintain substantial physical or financial assets as part of their operating model.

Cigna Corp

Return On Asset

 = 

Net Income

Total Assets

 = 
0.04
The relationship between Cigna Corp's ROE and ROA shows moderate leverage in the capital structure. Debt contributes to amplifying equity returns, but not to a degree that suggests excessive reliance on borrowed capital.

Cigna Return On Asset Comparison

Cigna Corp is currently under evaluation for return on asset among direct rivals.

Cigna Corp Profitability Projections

Profitability analysis for Cigna Corp examines whether the company is generating, sustaining, or losing earnings relative to its revenue base. Sequential margin changes at Cigna Corp across multiple quarters separate structural shifts from one-time distortions. Cigna Corp currently maintains a profit margin of 2.1%. Shrinking margins during revenue growth at Cigna Corp suggests that scale is not converting into operating efficiency. The operating margin stands at 5.1%.

Cigna Profitability Driver Comparison

The profitability driver pairs for Cigna Corp show where margin leverage exists and where cost pressures are most concentrated. The relative importance of these profitability drivers at Cigna Corp shifts as revenue mix, cost structure, and capital allocation evolve. The relative importance of different profitability drivers for Cigna Corp can shift across business cycles. Use this analysis to identify which of Cigna Corp's financial areas deserve the closest ongoing attention.

Cigna Corp Profitability Trends

The profitability trend of Cigna Corp reflects how revenue-to-profit conversion evolves over time. The trajectory of Cigna Corp's margins across profit levels shows whether operational efficiency is strengthening or eroding. Revenue changes paired with margin trends at Cigna Corp show whether top-line growth is translating into earnings improvement. Long-term investors benefit from monitoring Cigna Corp's profitability trajectory across business cycles.

Cigna Corp Profitability Drivers Correlations

Cross-correlating Cigna Corp's revenue and expense metrics reveals the structural dependencies that shape margin behavior. Where revenue and gross profit correlate strongly but net income does not, below-the-line items are the dominant margin variable. Tracking correlation stability over time reveals whether Cigna Corp's financial structure is consistent or undergoing regime changes. The correlation structure shifts as Cigna Corp's business mix evolves — compare current patterns against prior periods for context.
Overall, Cigna Corp is profitable but operating on thin and deteriorating margins. At these levels, further compression could push the business toward breakeven, making cost discipline critical.

Earnings History

Quarterly gross profit history for Cigna Corp is shown below using reported financial data.

Cigna Corp Quarterly Gross Profit

5.55 Billion
The mean reversion principle applied to Cigna Corp's suggests that neither prolonged outperformance nor underperformance is permanent. Identifying the root cause of Cigna Corp's price dislocation is essential before acting on a mean reversion signal. The mean reversion tendency in Cigna Corp's price is a well-documented phenomenon in academic research. In many cases, Cigna Corp's price extremes present statistical patterns that have recurred historically.
Sentiment
Range
LowSentimentHigh
280.31282.00283.69
Details
Intrinsic
Valuation
LowIntrinsicHigh
254.321,3141,316
Details
Naive
Forecast
LowNextHigh
276.56278.26279.95
Details
Analyst
Consensus
LowTargetHigh
307.85338.29375.50
Details
Competitive analysis for Cigna Corp compares its financial performance and valuation metrics against sector peers. Cross-sectional comparison separates idiosyncratic performance from sector-level dynamics. Cigna Corp's metrics are most informative when compared against the strongest and weakest performers in its sector. Cross-company comparison helps validate or challenge assumptions embedded in Cigna Corp's current valuation.

Estimated Months Earnings per Share

This chart shows the estimate series used for upcoming reporting periods.

Detailed Analysis of Earnings Estimates

Latest Earning Estimates and Surprises

The table below lists reported EPS, estimated EPS, and the reported surprise for each available quarter.

Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2026-01-28
2025-12-317.98.080.18
2025-10-30
2025-09-307.697.830.14
2025-07-31
2025-06-307.157.20.05
2025-05-02
2025-03-316.356.740.39
2025-01-30
2024-12-317.826.64-1.1815 
2024-10-31
2024-09-307.257.510.26
2024-08-01
2024-06-306.416.720.31