Key Takeaways Centene stock has outperformed peers recently, rising 16.3% in three months despite industry headwinds.Higher medical utilization pushed costs up, lifting the health benefits ratio and squeezing margins in 2025.Commercial marketplace growth and a 2026 EPS rebound outlook offset leverage and enrollment risks.After a bruising first half of 2025, Centene Corporation (CNC) , a major U.S. healthcare plan provider, is showing early signs of stabilization. Like most managed care players, the company ...