Aureus
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The Cigna Group(CI)

F

Financial data as of Dec 31, 2025Improving · Healthcare

FCF Margin3.1%Free Cash Flow / Revenue
Cash Conversion161.2%Operating CF / Net Income
Free Cash Flow$8.4B
Revenue$274.9B
Net Cash-$23.8BNet debt position
Debt / FCF3.8xElevated debt burden
Current Ratio0.00Tight short-term liquidity
YoY FCF Growth+19.5%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.00)
→
+1Strong YoY FCF growth (19.5% YoY)
→
-0.5Highly volatile FCF (consistency: 1.06)
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (161%)
  • FCF trend is improving

Concerns

  • Low FCF margin (3.1%)
  • Net debt position ($23.8B) — 3.8x FCF, manageable
  • Current ratio below 1.0 — tight short-term liquidity
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin3.1%
Net Margin2.2%
Operating CF Margin3.5%
CapEx Ratio0.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$23.8BNet debt position
Debt / FCF3.8xElevated debt burden
Current Ratio0.00Tight liquidity
Debt / Equity0.75Low leverage

Quarterly FCF Trend

+19.5% YoYImproving (+19.5%)

Free cash flow per quarter

Sector Comparison — Healthcare

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameThe Cigna Group
SectorHealthcare
Free Cash Flow$8.4B
Revenue$274.9B
Net Income$6.0B
Operating Cash Flow$9.6B
Capital Expenditure$1.2B
FCF Margin3.1%
Cash Conversion Rate161.2%
Net Margin2.2%
Total Debt$31.5B
Total Cash$7.7B
Net Cash-$23.8B
Current Ratio0.00
Debt / Equity0.75
Debt / FCF3.8x
YoY FCF Growth+19.5%
Positive Quarters4 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance