How Does This Health Insurer Operate?
The Cigna Group is a large U.S. health care company built around insurance and related health services. It serves individuals, employers, and other organizations that purchase coverage and care-management offerings. The business operates at national scale, coordinating benefits and payments across a broad health care network. Its model depends on processing high volumes efficiently across multiple lines of health coverage and services.
Are Revenues Rising Faster Than Profits?
FundamentalsFor 2025 (reported in USD), revenue reached about USD 233.6 billion, growing 16.7% year over year, with EBIT of roughly USD 9.2 billion and net income of about USD 6.3 billion. Profitability stayed slim in percentage terms, with a 3.35% operating margin and a 2.17% net profit margin over the trailing period.
Balance-sheet figures sit alongside that earnings base: cash was around USD 7.7 billion against total debt of roughly USD 31.5 billion. Depreciation and amortization was about USD 2.8 billion, and the cash-flow proxy was near USD 10.5 billion, reflecting operating earnings after tax plus depreciation and amortization, net of capital spending and excluding working-capital changes.
Is The Market Overpricing The Shares?
DCF / MultiplesAt USD 278.64 per share, the stock trades well above the DCF fair value range implied by the model’s scenarios. Headline pricing also reads as modest on simple multiples, with a 12.33 P/E and 8.88 EV/EBITDA on a trailing basis, alongside a 0.27 price-to-sales ratio.
High Price With Thin Cushion
TakeawayThe balance sheet carries meaningful debt beside modest cash. Resilience depends on keeping cash generation steady at scale. Thin margins leave less room for operating surprises. If cash softens, funding pressure can rise quickly. The current price looks hard to square with the DCF output.