PerpEquities

Equity · Healthcare

Is Cigna (CI) tradable as a perp? Not yet

Cigna Group provides health insurance and related services in the US, operating through Evernorth (pharmacy, care solutions) and Cigna Healthcare (medical, dental, Medicare plans).

Not yet listed on any perp exchange

No perpetual-futures venue lists CI yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 21m ago
Market cap
$72.5B
Updated 21m ago
Revenue
$282.4B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+2.3%
P/E
11.4
Peer P/E 17.9
Free cash flow
$9.1B
Trailing 12 months
More metrics
Net income
$6.4B
Trailing 12 months
P/S
0.3
Peer P/E
17.9
Similar listed perps
Revenue estimate
$298.5B
Next fiscal year
Earnings
2026-10-29
Revenue est. $72.6B · Updated 6h ago
Dividend
$1.56
2026-09-08

Fundamental detail

Annual + quarterly
Latest revenue$275B
Net margin+2.2%
Free cash flow$8.4B
Net debt$23.8B
2020$160.4B
2021$174.1B
2022$180.5B
2023$195.3B
2024$247.1B
2025$275B
PeriodRevenueGrowthNet incomeFCF
2020$160.4B+4%$8.5B$9.3B
2021$174.1B+9%$5.4B$6B
2022$180.5B+4%$6.7B$7.4B
2023$195.3B+8%$5.2B$10.2B
2024$247.1B+27%$3.4B$9B
2025$275B+11%$6B$8.4B
PeriodGross marginOperating marginNet marginROEROA
2020+15.1%+5.1%+5.3%+16.8%+5.4%
2021+13.2%+4.6%+3.1%+11.4%+3.5%
2022+13.0%+4.7%+3.7%+14.9%+4.7%
2023+12.9%+4.4%+2.6%+11.2%+3.4%
2024+10.5%+3.8%+1.4%+8.4%+2.2%
2025+9.5%+3.3%+2.2%+14.3%+3.8%
PeriodCashDebtNet debtCurrent ratio
2020$10.2B$33.6B$23.4B0.77
2021$5.1B$34.3B$29.2B0.83
2022$5.9B$31.6B$25.6B0.73
2023$7.8B$30.9B$23.1B0.77
2024$7.6B$32B$24.4B0.84
2025$7.7B$31.5B$23.8B0.85
PeriodMarket capEnterprise valueP/SP/E
2020$76B$99.4B0.59.0
2021$77.6B$106.8B0.414.5
2022$103.7B$129.4B0.615.3
2023$88.9B$112B0.517.0
2024$77.4B$101.8B0.322.5
2025$73.2B$97B0.312.3
Q3 2024$63.7B
Q4 2024$65.6B
Q1 2025$65.5B
Q2 2025$67.2B
Q3 2025$69.7B
Q4 2025$72.5B
Q1 2026$68.5B
Q2 2026$71.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$63.7B+30%$739M-$353M
Q4 2024$65.6B+28%$1.4B$4.9B
Q1 2025$65.5B+14%$1.3B$1.6B
Q2 2025$67.2B+11%$1.5B-$2.2B
Q3 2025$69.7B+10%$1.9B$3.1B
Q4 2025$72.5B+10%$1.2B$5.8B
Q1 2026$68.5B+5%$1.7B$864M
Q2 2026$71.7B+7%$1.7B-$718M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+10.4%+4.0%+1.2%+1.8%+0.5%
Q4 2024+9.8%+3.3%+2.2%+3.5%+0.9%
Q1 2025+10.1%+3.0%+2.0%+3.3%+0.9%
Q2 2025+11.7%+3.6%+2.3%+3.8%+1.0%
Q3 2025+8.5%+3.7%+2.7%+4.5%+1.2%
Q4 2025+7.7%+3.0%+1.7%+3.0%+0.8%
Q1 2026+9.4%+3.4%+2.4%+3.9%+1.1%
Q2 2026+20.9%+3.7%+2.3%+3.9%+1.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$5.9B$32.8B$26.9B0.86
Q4 2024$7.6B$32B$24.4B0.84
Q1 2025$8.3B$30.4B$22.1B0.78
Q2 2025$4.3B$30.8B$26.4B0.79
Q3 2025$6B$34B$28B0.83
Q4 2025$7.7B$31.5B$23.8B0.85
Q1 2026$7B$30.9B$23.9B0.82
Q2 2026$6.3B$31.9B$25.6B0.85
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$96.5B$123.4B1.532.7
Q4 2024$76.7B$101.1B1.213.5
Q1 2025$92.2B$114.3B1.416.9
Q2 2025$88B$114.4B1.314.3
Q3 2025$76.7B$104.7B1.110.3
Q4 2025$73.2B$97B1.014.8
Q1 2026$70B$93.9B1.010.6
Q2 2026$72.8B$98.3B1.011.0

Refreshed 6h ago

Charts: revenue, profit, cash flow & valuation
Revenue$71.7BQ2 2026
$18.1B$36.2B$54.4B$72.5BQ3 2023: $49BQ4 2023: $51.1BQ1 2024: $57.3BQ2 2024: $60.5BQ3 2024: $63.7BQ4 2024: $65.6BQ1 2025: $65.5BQ2 2025: $67.2BQ3 2025: $69.7BQ4 2025: $72.5BQ1 2026: $68.5BQ2 2026: $71.7BQ3 2023Q2 2026
Net income$1.7BQ2 2026
$259.3M$795.5M$1.3B$1.9BQ3 2023: $1.4BQ4 2023: $1BQ1 2024: -$277MQ2 2024: $1.5BQ3 2024: $739MQ4 2024: $1.4BQ1 2025: $1.3BQ2 2025: $1.5BQ3 2025: $1.9BQ4 2025: $1.2BQ1 2026: $1.7BQ2 2026: $1.7BQ3 2023Q2 2026
EBITDA$2.6BQ2 2026
$834.8M$1.7B$2.5B$3.3BQ3 2023: $3.2BQ4 2023: $3.1BQ1 2024: $3BQ2 2024: $3.2BQ3 2024: $3.3BQ4 2024: $2.9BQ1 2025: $3.1BQ2 2025: $3BQ3 2025: $3.3BQ4 2025: $2.5BQ1 2026: $3.3BQ2 2026: $2.6BQ3 2023Q2 2026
Free cash flow-$718MQ2 2026
-$171.5M$1.8B$3.8B$5.8BQ3 2023: $2.4BQ4 2023: $1.1BQ1 2024: $4.5BQ2 2024: -$105MQ3 2024: -$353MQ4 2024: $4.9BQ1 2025: $1.6BQ2 2025: -$2.2BQ3 2025: $3.1BQ4 2025: $5.8BQ1 2026: $864MQ2 2026: -$718MQ3 2023Q2 2026
EPS$6.29Q2 2026
$1.02$3$4.99$6.97Q3 2023: $4.74Q4 2023: $3.49Q1 2024: -$0.97Q2 2024: $5.45Q3 2024: $2.63Q4 2024: $5.13Q1 2025: $4.85Q2 2025: $5.71Q3 2025: $6.97Q4 2025: $4.64Q1 2026: $6.26Q2 2026: $6.29Q3 2023Q2 2026
Cash / Debt$6.3BQ2 2026
$8.5B$17B$25.5B$34BQ3 2023 · Cash: $8.5BQ3 2023 · Debt: $31.1BQ4 2023 · Cash: $7.8BQ4 2023 · Debt: $30.9BQ1 2024 · Cash: $8.4BQ1 2024 · Debt: $32.8BQ2 2024 · Cash: $6.8BQ2 2024 · Debt: $31.9BQ3 2024 · Cash: $5.9BQ3 2024 · Debt: $32.8BQ4 2024 · Cash: $7.6BQ4 2024 · Debt: $32BQ1 2025 · Cash: $8.3BQ1 2025 · Debt: $30.4BQ2 2025 · Cash: $4.3BQ2 2025 · Debt: $30.8BQ3 2025 · Cash: $6BQ3 2025 · Debt: $34BQ4 2025 · Cash: $7.7BQ4 2025 · Debt: $31.5BQ1 2026 · Cash: $7BQ1 2026 · Debt: $30.9BQ2 2026 · Cash: $6.3BQ2 2026 · Debt: $31.9BQ3 2023Q2 2026
CashDebt
Profitability+20.9%Q2 2026
+4.9%+10.2%+15.5%+20.9%Q3 2023 · Gross margin: +13.2%Q4 2023 · Gross margin: +12.9%Q1 2024 · Gross margin: +11.2%Q2 2024 · Gross margin: +10.8%Q3 2024 · Gross margin: +10.4%Q4 2024 · Gross margin: +9.8%Q1 2025 · Gross margin: +10.1%Q2 2025 · Gross margin: +11.7%Q3 2025 · Gross margin: +8.5%Q4 2025 · Gross margin: +7.7%Q1 2026 · Gross margin: +9.4%Q2 2026 · Gross margin: +20.9%Q3 2023 · Operating margin: +4.6%Q4 2023 · Operating margin: +4.0%Q1 2024 · Operating margin: +3.9%Q2 2024 · Operating margin: +4.0%Q3 2024 · Operating margin: +4.0%Q4 2024 · Operating margin: +3.3%Q1 2025 · Operating margin: +3.0%Q2 2025 · Operating margin: +3.6%Q3 2025 · Operating margin: +3.7%Q4 2025 · Operating margin: +3.0%Q1 2026 · Operating margin: +3.4%Q2 2026 · Operating margin: +3.7%Q3 2023 · Net margin: +2.9%Q4 2023 · Net margin: +2.0%Q1 2024 · Net margin: -0.5%Q2 2024 · Net margin: +2.6%Q3 2024 · Net margin: +1.2%Q4 2024 · Net margin: +2.2%Q1 2025 · Net margin: +2.0%Q2 2025 · Net margin: +2.3%Q3 2025 · Net margin: +2.7%Q4 2025 · Net margin: +1.7%Q1 2026 · Net margin: +2.4%Q2 2026 · Net margin: +2.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+6.6%Q2 2026
+7.5%+14.9%+22.4%+29.9%Q3 2024: +29.9%Q4 2024: +28.4%Q1 2025: +14.4%Q2 2025: +11.1%Q3 2025: +9.5%Q4 2025: +10.4%Q1 2026: +4.6%Q2 2026: +6.6%Q3 2023Q2 2026
Shares outstanding264MQ2 2026
74.3M148.6M222.8M297.1MQ3 2023: 297.1MQ4 2023: 294.6MQ1 2024: 286.5MQ2 2024: 284.1MQ3 2024: 281.4MQ4 2024: 277.8MQ1 2025: 283.2MQ2 2025: 268.2MQ3 2025: 268.2MQ4 2025: 265.9MQ1 2026: 264.2MQ2 2026: 264MQ3 2023Q2 2026
Valuation11.0Q2 2026
-62.2-30.61.132.7Q3 2023 · P/E: 14.9Q4 2023 · P/E: 21.5Q1 2024 · P/E: -93.8Q2 2024 · P/E: 14.8Q3 2024 · P/E: 32.7Q4 2024 · P/E: 13.5Q1 2025 · P/E: 16.9Q2 2025 · P/E: 14.3Q3 2025 · P/E: 10.3Q4 2025 · P/E: 14.8Q1 2026 · P/E: 10.6Q2 2026 · P/E: 11.0Q3 2023 · P/S: 1.7Q4 2023 · P/S: 1.7Q1 2024 · P/S: 1.8Q2 2024 · P/S: 1.5Q3 2024 · P/S: 1.5Q4 2024 · P/S: 1.2Q1 2025 · P/S: 1.4Q2 2025 · P/S: 1.3Q3 2025 · P/S: 1.1Q4 2025 · P/S: 1.0Q1 2026 · P/S: 1.0Q2 2026 · P/S: 1.0Q3 2023Q2 2026
P/EP/S
Revenue$275B2025
$68.7B$137.5B$206.2B$275B2018: $48.7B2019: $153.6B2020: $160.4B2021: $174.1B2022: $180.5B2023: $195.3B2024: $247.1B2025: $275B20182025
Net income$6B2025
$2.1B$4.2B$6.3B$8.5B2018: $2.6B2019: $5.1B2020: $8.5B2021: $5.4B2022: $6.7B2023: $5.2B2024: $3.4B2025: $6B20182025
EBITDA$11.6B2025
$2.9B$5.8B$8.7B$11.6B2018: $5.2B2019: $11.6B2020: $10.4B2021: $10B2022: $10.4B2023: $10.8B2024: $11.4B2025: $11.6B20182025
Free cash flow$8.4B2025
$2.6B$5.1B$7.7B$10.2B2018: $3.2B2019: $8.4B2020: $9.3B2021: $6B2022: $7.4B2023: $10.2B2024: $9B2025: $8.4B20182025
EPS$22.22025
$5.74$11.5$17.2$232018: $10.52019: $13.42020: $232021: $15.82022: $21.42023: $17.42024: $12.12025: $22.220182025
Cash / Debt$7.7B2025
$10.6B$21.2B$31.9B$42.5B2018 · Cash: $3.9B2018 · Debt: $42.5B2019 · Cash: $4.6B2019 · Debt: $38B2020 · Cash: $10.2B2020 · Debt: $33.6B2021 · Cash: $5.1B2021 · Debt: $34.3B2022 · Cash: $5.9B2022 · Debt: $31.6B2023 · Cash: $7.8B2023 · Debt: $30.9B2024 · Cash: $7.6B2024 · Debt: $32B2025 · Cash: $7.7B2025 · Debt: $31.5B20182025
CashDebt
Profitability+9.5%2025
+8.4%+16.8%+25.2%+33.6%2018 · Gross margin: +33.6%2019 · Gross margin: +16.3%2020 · Gross margin: +15.1%2021 · Gross margin: +13.2%2022 · Gross margin: +13.0%2023 · Gross margin: +12.9%2024 · Gross margin: +10.5%2025 · Gross margin: +9.5%2018 · Operating margin: +8.6%2019 · Operating margin: +5.3%2020 · Operating margin: +5.1%2021 · Operating margin: +4.6%2022 · Operating margin: +4.7%2023 · Operating margin: +4.4%2024 · Operating margin: +3.8%2025 · Operating margin: +3.3%2018 · Net margin: +5.4%2019 · Net margin: +3.3%2020 · Net margin: +5.3%2021 · Net margin: +3.1%2022 · Net margin: +3.7%2023 · Net margin: +2.6%2024 · Net margin: +1.4%2025 · Net margin: +2.2%20182025
Gross marginOperating marginNet margin
Revenue growth+11.3%2025
+53.9%+107.8%+161.7%+215.7%2019: +215.7%2020: +4.5%2021: +8.5%2022: +3.7%2023: +8.2%2024: +26.6%2025: +11.3%20182025
Shares outstanding265.9M2025
95M189.9M284.9M379.8M2018: 246.7M2019: 379.8M2020: 368.4M2021: 341M2022: 313.1M2023: 296.9M2024: 283.2M2025: 265.9M20182025
Valuation12.32025
5.611.316.922.52018 · P/E: 17.82019 · P/E: 15.12020 · P/E: 9.02021 · P/E: 14.52022 · P/E: 15.32023 · P/E: 17.02024 · P/E: 22.52025 · P/E: 12.32018 · P/S: 1.02019 · P/S: 0.52020 · P/S: 0.52021 · P/S: 0.42022 · P/S: 0.62023 · P/S: 0.52024 · P/S: 0.32025 · P/S: 0.320182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202630.51$287.1B+4%15
FY 202733.45$299.3B+9%15
FY 202837.07$316B+15%11
FY 202940.96$339.9B+24%4
FY 203045.78$358.2B+30%4
Q1 20278.26$71.3B+4%8

Company events

6
2026-10-29EarningsActual - / Estimate 7.51-
2026-09-08Dividend$1.56-
2026-07-30EarningsActual 7.78 / Estimate 7.6Beat
2026-06-04Dividend$1.56-
2026-04-30EarningsActual 7.79 / Estimate 7.6Beat
2026-03-05Dividend$1.56-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
MRNA$69B31.0-21.8-141.4%21BSX$64.3B3.117.5+17.5%2REGN$82.2B5.319.1+27.9%6BIIB$32.6B3.338.9+8.4%3VRTX$129.6B10.329.5+34.9%3TEM$13.7B9.5-54.6-17.8%14SMMT$13.5B--15.10.0%1OSCR$8.1B0.518.4+3.6%3

Analyst track record

How the analysts covering CI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings114324
Analysts2633
Buy / hold / sell92 / 22 / 0245 / 79 / 0
Upgrades / downgrades / initiations1 / 3 / 28 / 5 / 7
Price targets hit / missed0 / 106 (0%)0 / 301 (0%)
Avg. return after a rating (TipRanks)-18.6%-23.6%
Best / worst call-4.8% / -31.0%-4.8% / -52.8%

After buy calls on this stock: median 21-day move +1.7% vs S&P 500 -0.3% (n = 240)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Ann HynesMizuho Securities30% hit rate on this stock · 10 targets measuredBuytarget $340Jun 8, 2026
  2. Ben HendrixRBC Capital18% hit rate on this stock · 11 targets measuredBuytarget $337Jul 30, 2026
  3. David S MacdonaldTruist Financial13% hit rate on this stock · 15 targets measuredBuytarget $350Jul 31, 2026

Latest ratings

DateAnalystCallTarget
Sep 16, 2026Charles RhyeeTD CowenBuyMaintained$338article ↗
Sep 16, 2026Charles RhyeeTD CowenBuyMaintained$338
Sep 15, 2026Stephen BaxterWells FargoHoldMaintained$307article ↗
Sep 9, 2026Lance WilkesBernsteinBuyMaintained$381article ↗
Sep 9, 2026Elizabeth Anderson CFAEvercore ISIHoldInitiated$290article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$240$260$280$300$320$340$360Oct 25 · Buy 20 · Hold 4 · Sell 0Oct 25Nov 25 · Buy 18 · Hold 3 · Sell 0Dec 25 · Buy 18 · Hold 3 · Sell 0Dec 25Jan 26 · Buy 17 · Hold 3 · Sell 0Feb 26 · Buy 17 · Hold 2 · Sell 0Feb 26Mar 26 · Buy 18 · Hold 1 · Sell 0Apr 26 · Buy 17 · Hold 1 · Sell 0Apr 26May 26 · Buy 16 · Hold 3 · Sell 0Jun 26 · Buy 16 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 18 · Hold 3 · Sell 0Aug 26 · Buy 17 · Hold 4 · Sell 0Aug 26Sep 26 · Buy 17 · Hold 5 · Sell 0Oct 25 · avg. target $355Nov 25 · avg. target $341Dec 25 · avg. target $340Jan 26 · avg. target $341Feb 26 · avg. target $340Mar 26 · avg. target $343Apr 26 · avg. target $340May 26 · avg. target $345Jun 26 · avg. target $345Jul 26 · avg. target $350Aug 26 · avg. target $346Sep 26 · avg. target $343Oct 25 · month-end close $244Nov 25 · month-end close $277Dec 25 · month-end close $275Jan 26 · month-end close $274Feb 26 · month-end close $290Mar 26 · month-end close $267Apr 26 · month-end close $291May 26 · month-end close $277Jun 26 · month-end close $276Jul 26 · month-end close $279Aug 26 · month-end close $276Sep 26 · month-end close $276

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 114 ratings