Cigna (CI)财务
NYSE · Healthcare · Medical - Healthcare Plans · 员工66,685人 · CEO Brian C. Evanko
- 股价
- $298.23 -0.06%
- 市值
- $788亿
- 企业价值
- $1040亿
- 最近财报
- Q2 '26 2026-07-30提交
- 下次财报
- 2026-11-05 EPS预期 $7.52
营收(TTM)$2820亿+7.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)3.5%0.0 百分点 对比去年同期营业利润 $97.6亿
净利润(TTM)$64.2亿+27.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$91.1亿+131.1% 对比去年同期资本支出 $11.6亿
稀释EPS(TTM)$24.16+31.9% 对比去年同期最近4个季度之和
净现金-$256亿+0.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $788亿 EV $1040亿
- 营收
- $2820亿 过去12个月
- 营收增速
- +5% FY2026年一致预期
- 净利润率
- 2.3% 净利润 / 营收,TTM
- P/E
- 12.3× 预期 9.8×(FY2026)
- P/S
- 0.3× 股价 / 营收,TTM
- EV / EBITDA
- 8.3× TTM
- 自由现金流
- $91.1亿 过去12个月
- 净利润
- $64.2亿 过去12个月
- 营收预期
- $2870亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $726亿
- 股息
- $6.19 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-30):营收超预期2.2%,EPS 超预期2.4%营收$717亿,预期$701亿(+2.2%);EPS $7.78,预期$7.60(+2.4%)。
- 营收增长放缓:同比6.6%Q2 '26营收$717亿,此前四个季度的平均值为8.9%。
- 营业利润率3.5%(TTM),较去年同期0.0 百分点营收增长7.7%,营业利润增长6.6%。
- 税前利润的15.5%被营业外亏损吞噬税前利润$84.5亿,营业利润$97.6亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.4%(去年为0.5%)最近4个季度投入$11.6亿(同比-13.6%)。自由现金流$91.1亿,相当于净利润的142.0%。
- 股东回报$29.1亿 = 自由现金流的31.9%回购$12.8亿(去年为$46.4亿),股息$16.2亿,股权激励$0(TTM)。
- 稀释股数一年内减少1.6%Q2 '26稀释股数2.64亿,一年前为2.68亿。
- 净债务 $256亿现金 + 短期投资 $63亿,含租赁债务 $319亿;一年前净债务 $256亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $717亿 | $672亿 | +6.6% |
| 毛利率 | 20.9% | 11.7% | +9.2 百分点 |
| 营业利润 | $26.8亿 | $24.3亿 | +10.0% |
| 营业利润率 | 3.7% | 3.6% | +0.1 百分点 |
| 净利润 | $16.6亿 | $15.3亿 | +8.4% |
| 稀释EPS | $6.29 | $5.71 | +10.2% |
| 经营现金流 | -$4.21亿 | -$18.9亿 | +77.7% |
| 资本支出 | $2.97亿 | $2.85亿 | +4.2% |
| 自由现金流 | -$7.18亿 | -$21.7亿 | +66.9% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-07-30| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $717亿 | $701亿 | +2.2% |
| EPS(一致预期口径) | $7.78 | $7.60 | +2.4% |
来自2026-07-30发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Evernorth | $615亿 | +6.3% | 83.9% | $2450亿 | -5.2% | |
| Cigna Healthcare | $118亿 | +9.6% | 16.1% | $468亿 | -19.8% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $103亿
- 资本支出
- -$11.6亿
- 股票回购
- -$12.8亿
- 股息
- -$16.2亿
- 收购
- $17.8亿
- 债务净发行
- $10.6亿
- 股权激励费用
- $0
- 自由现金流
- $91.1亿
- 股东回报 / FCF
- 31.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 12.3× | 16.3× | 12.3× – 22.5× |
| EV / EBITDA | 8.3× | 9.3× | 8.2× – 11.2× |
| EV / 营收 | 0.4× | 0.5× | 0.4× – 0.7× |
| 股价 / FCF | 8.6× | 10.6× | 8.6× – 14.1× |
| 股价 / 净资产 | 1.8× | 1.9× | 1.6× – 2.3× |
| FCF收益率 | 11.6% | 9.9% | 7.1% – 11.6% |
| 投入资本回报率 | 7.7% | 6.8% | 5.6% – 7.8% |
| 净资产收益率 | 15.2% | 12.0% | 8.4% – 14.9% |
分析师
一致目标价 $342.08 (+14.7%)
区间 $302.00 – $400.00 · 评级 Buy
强烈买入0
买入29
持有10
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2870亿 | +4.5% | $30.51 | +37.6% | 9.8× | 15 |
| FY2027 | $3000亿 | +4.3% | $33.49 | +9.8% | 8.9× | 15 |
| FY2028 | $3160亿 | +5.4% | $37.14 | +10.9% | 8.0× | 12 |
| FY2029 | $3360亿 | +6.2% | $41.33 | +11.3% | 7.2× | 9 |
| FY2030 | $3480亿 | +3.6% | $46.63 | +12.8% | 6.4× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cigna Corporation在近期10-Q / 10-K文件中标记的全部263项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Other Receivables, Net, Current | $2.18亿 | $7.58亿 | -71.2% | $2.39亿 | – | – |
| Accounts Payable, Current | $104亿 | $99.4亿 | +4.7% | $107亿 | $92.9亿 | +14.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.95亿 | $3.88亿 | -49.7% | $1.99亿 | $8400万 | +136.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $101亿2025-12-31 | – | – | $101亿 | – | – |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$43.6亿 | -$28.2亿 | -54.9% | -$28.1亿 | -$23.4亿 | -19.9% |
| Additional Paid in Capital, Common Stock | $321亿 | $316亿 | +1.6% | $318亿 | $313亿 | +1.6% |
| Additions to Contract Holders Funds | $3500万 | $3800万 | -7.9% | $1.52亿 | $1.66亿 | -8.4% |
| Amortization of Intangible Assets | $3.89亿 | $4.22亿 | -7.8% | $17.4亿 | $17亿 | +2.3% |
| Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $113亿2025-12-31 | $113亿 | 0.0% | $113亿 | $113亿 | 0.0% |
| AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax | $3400万 | $5600万 | -39.3% | $4000万 | $5300万 | -24.5% |
| Assets | $1570亿 | $1520亿 | +3.6% | $1580亿 | $1560亿 | +1.3% |
| Assets Held by Insurance Regulators | $3亿2025-12-31 | $4亿 | -25.0% | $3亿 | $4亿 | -25.0% |
| Assets, Current | $470亿 | $447亿 | +5.1% | $478亿 | $489亿 | -2.2% |
| Benefits, Losses and Expenses | $690亿 | $649亿 | +6.4% | $2660亿 | $2380亿 | +11.8% |
| Cash and Cash Equivalents, at Carrying Value | $63亿 | $43.3亿 | +45.5% | $76.8亿 | $75.5亿 | +1.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $63.6亿 | $43.9亿 | +44.9% | $77.4亿 | $75.9亿 | +1.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $02025-12-31 | $13.4亿 | -100.0% | $0 | $13.4亿 | -100.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $77.4亿2025-12-31 | $89.3亿 | -13.4% | $77.4亿 | $89.3亿 | -13.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$7.24亿 | -$39.9亿 | +81.9% | -$12亿 | $5.94亿 | -301.2% |
| Commercial Paper | $10亿 | – | – | $0 | $8.8亿 | -100.0% |
| CommercialPaperAverageRatePaid | – | – | – | 4.7%2024-12-31 | 5.6% | -17.4% |
| Common Stock, Dividends, Per Share, Declared | $1.56 | $1.51 | +3.3% | $6.04 | $5.60 | +7.9% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 6亿 | 6亿 | 0.0% | 6亿 | 6亿 | 0.0% |
| Common Stock, Shares, Issued | 4.06亿 | 4.04亿 | +0.5% | 4.05亿 | 4.03亿 | +0.5% |
| Common Stock, Shares, Outstanding | 2.63亿2025-12-31 | 2.74亿 | -3.8% | 2.63亿 | 2.74亿 | -3.8% |
| Common Stock, Value, Issued | $400万 | $400万 | 0.0% | $400万 | $400万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $3.31亿 | $3.44亿 | -3.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.97亿 | $13.1亿 | -31.3% | $54.9亿 | $29.6亿 | +85.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $11.1亿 | $14.1亿 | -20.9% | $58.2亿 | $33亿 | +76.4% |
| Cost of Goods and Services Sold | $567亿 | $533亿 | +6.4% | $2150亿 | $1830亿 | +17.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $8.07亿 | $11.7亿 | -30.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.91亿 | $2.48亿 | -23.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $11.7亿 | $15.9亿 | -26.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.69亿 | $1.71亿 | -1.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $1.59亿 | $1.72亿 | -7.6% | $2.06亿 | – | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $4.01亿 | $4.56亿 | -12.1% | $3.67亿 | – | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $18.7亿 | $20.3亿 | -7.9% | $19.7亿 | – | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $20.3亿 | $22.8亿 | -10.8% | $20.3亿 | – | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $39.9亿 | $35.9亿 | +11.3% | $37亿 | – | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $6亿 | $6.2亿 | -3.2% | $6.95亿 | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $17.1亿 | $18.4亿 | -7.1% | $18.2亿 | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $20.1亿 | $22亿 | -9.0% | $20亿 | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $39.4亿 | $35.6亿 | +10.7% | $37亿 | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $5.74亿 | $5.43亿 | +5.7% | $5.98亿 | – | – |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | $2.47亿 | $2.77亿 | -10.8% | $2.67亿 | – | – |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $2.27亿 | $2.49亿 | -8.8% | $2.44亿 | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $48.6亿 | $42.5亿 | +14.3% | $37.3亿 | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $4.01亿 | $4.56亿 | -12.1% | $3.67亿 | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 1,882 position | 1,560 position | +20.6% | 1,273 position | – | – |
| Debt, Current | $27.9亿 | $42.9亿 | -34.9% | $5.92亿 | $30.4亿 | -80.5% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $5100万 | $1.24亿 | -58.9% | $1.37亿 | – | – |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $87.4亿 | $88亿 | -0.6% | $86.6亿 | – | – |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $84.5亿 | $83.9亿 | +0.7% | $83.6亿 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$6900万 | -$1.42亿 | +51.4% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $4.47亿 | $6400万 | +598.4% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $3.26亿 | -$9500万 | +443.2% |
| Deferred Income Tax Liabilities, Net | $67.3亿 | $67.8亿 | -0.7% | $71.5亿 | $69.8亿 | +2.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$5200万 | -$1700万 | -205.9% |
| Deferred Tax Assets, Capital Loss Carryforwards | $2.37亿2025-12-31 | $7.73亿 | -69.3% | $2.37亿 | $7.73亿 | -69.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01