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Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 17 million US and 2 million international medical members covered as of September 2024.
1981
73.5K+
LTM Revenue $248B
LTM EBITDA $12.2B
$109B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Cigna has a last 12-month revenue of $248B and a last 12-month EBITDA of $12.2B.
In the most recent fiscal year, Cigna achieved revenue of $244B and an EBITDA of n/a.
Cigna expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cigna valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $195B | $244B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $6.7B | $5.2B | XXX | XXX | XXX |
| Net Margin | 3% | 2% | XXX | XXX | XXX |
| Net Debt | $25.2B | $23.1B | XXX | XXX | XXX |
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As of March 17, 2025, Cigna's stock price is $313.
Cigna has current market cap of $84.8B, and EV of $109B.
See Cigna trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $109B | $84.8B | XXX | XXX | XXX | XXX | $27.82 |
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Sign UpAs of March 17, 2025, Cigna has market cap of $84.8B and EV of $109B.
Cigna's trades at 0.4x LTM EV/Revenue multiple, and 9.0x LTM EBITDA.
Analysts estimate Cigna's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Cigna and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $109B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 24.7x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | XXX | XXX |
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Sign UpCigna's NTM/LTM revenue growth is 2%
Cigna's revenue per employee for the last fiscal year averaged $3.3M, while opex per employee averaged n/a for the same period.
Over next 12 months, Cigna's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Cigna's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Cigna and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Cigna acquired XXX companies to date.
Last acquisition by Cigna was XXXXXXXX, XXXXX XXXXX XXXXXX . Cigna acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Cigna founded? | Cigna was founded in 1981. |
| Where is Cigna headquartered? | Cigna is headquartered in United States of America. |
| How many employees does Cigna have? | As of today, Cigna has 73.5K+ employees. |
| Who is the CEO of Cigna? | Cigna's CEO is Mr. Eric P. Palmer. |
| Is Cigna publicy listed? | Yes, Cigna is a public company listed on NYS. |
| What is the stock symbol of Cigna? | Cigna trades under CI ticker. |
| When did Cigna go public? | Cigna went public in 1982. |
| Who are competitors of Cigna? | Similar companies to Cigna include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of Cigna? | Cigna's current market cap is $84.8B |
| What is the current revenue of Cigna? | Cigna's last 12-month revenue is $248B. |
| What is the current EBITDA of Cigna? | Cigna's last 12-month EBITDA is $12.2B. |
| What is the current EV/Revenue multiple of Cigna? | Current revenue multiple of Cigna is 0.4x. |
| What is the current EV/EBITDA multiple of Cigna? | Current EBITDA multiple of Cigna is 9.0x. |
| What is the current revenue growth of Cigna? | Cigna revenue growth between 2023 and 2024 was 25%. |
| Is Cigna profitable? | Yes, Cigna is EBITDA-positive (as of the last 12 months). |
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