CNO Financials Cno Financial Group, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:15 UTC Overview →

Growth & profitability

Revenue has grown 3.3% per year over the past 5 years.
Net income has grown slower than revenue (-5.3% vs 3.3% per year).
Operating margin has been roughly flat, at 12.3% in the latest year.

Financial health

Total debt has grown in line with revenue (1.3% vs 3.3% per year).
Operating income covered interest expense 2.4× in the latest year, down from 4.3× 5 years ago.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 28.9% of earnings.
The dividend has declined 0.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$4.5B	$229M	0.0%	12.3%	8.7%	0.6%	—	—	$984M
2024	$4.4B	$421M	0.0%	12.4%	16.7%	1.1%	—	—	$2.0B
2023	$4.1B	$277M	0.0%	11.1%	12.5%	0.8%	—	—	$889M
2022	$3.6B	$631M	0.0%	13.0%	35.7%	1.9%	—	—	$645M
2021	$4.1B	$570M	0.0%	12.5%	15.5%	1.6%	—	—	$732M
2020	$3.8B	$302M	0.0%	12.1%	5.5%	0.9%	—	—	$992M
2019	$4.0B	$409M	0.0%	9.2%	8.8%	1.2%	—	—	$655M
2018	$4.3B	-$315M	0.0%	8.8%	-9.3%	-1.0%	—	$917M	$657M
2017	$4.3B	$176M	0.0%	10.6%	3.6%	0.5%	—	$915M	$757M
2016	$4.0B	$358M	0.0%	0.0%	8.0%	1.1%	—	$913M	$668M
2015	$3.8B	$271M	0.0%	0.0%	6.5%	0.9%	—	$925M	$797M
2014	$4.1B	$51M	0.0%	0.0%	1.1%	0.2%	—	$797M	—
2013	$4.5B	$478M	0.0%	0.0%	9.6%	1.4%	—	$860M	—
2012	$4.3B	$221M	0.0%	0.0%	4.4%	0.6%	—	$1.0B	—
2011	$4.1B	$336M	0.0%	0.0%	7.3%	1.0%	—	$873M	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.3B	$126M	0.0%	11.7%	4.9%	0.3%	—	—	$1.3B
Mar '26	$1.0B	$38M	0.0%	12.6%	1.5%	0.1%	—	—	$1.2B
Dec '25	$1.1B	$93M	0.0%	15.2%	3.5%	0.2%	—	—	$984M
Sep '25	$1.2B	$23M	0.0%	13.7%	0.9%	0.1%	—	—	$1.2B
Jun '25	$1.2B	$92M	0.0%	9.8%	3.6%	0.2%	—	—	$816M
Mar '25	$1.0B	$22M	0.0%	10.4%	0.8%	0.1%	—	—	$1.0B
Dec '24	$1.1B	$183M	0.0%	15.8%	7.3%	0.5%	—	—	$2.0B
Sep '24	$1.1B	$9M	0.0%	13.6%	0.3%	0.0%	—	—	$1.2B
Jun '24	$1.1B	$116M	0.0%	13.9%	4.8%	0.3%	—	—	$992M
Mar '24	$1.2B	$112M	0.0%	6.5%	4.7%	0.3%	—	—	$650M
Dec '23	$1.2B	$36M	0.0%	14.7%	1.6%	0.1%	—	—	$889M
Sep '23	$948M	$167M	0.0%	13.7%	8.9%	0.5%	—	—	$583M
Jun '23	$1.0B	$74M	0.0%	7.9%	3.7%	0.2%	—	—	$562M
Mar '23	$1.0B	-$800000	0.0%	7.6%	-0.0%	-0.0%	—	—	$522M
Dec '22	$974M	$38M	0.0%	11.0%	2.1%	0.1%	—	—	$645M
Sep '22	$905M	$176M	0.0%	11.2%	9.4%	0.5%	—	—	$554M
Jun '22	$855M	$233M	0.0%	20.4%	11.0%	0.7%	—	—	$619M
Mar '22	$843M	$183M	0.0%	10.0%	6.5%	0.5%	—	—	$594M
Dec '21	$1.1B	$116M	0.0%	12.9%	3.1%	0.3%	—	—	$732M
Sep '21	$968M	$100M	0.0%	12.3%	1.9%	0.3%	—	—	$813M

Valuation over time

How the market has priced CNO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 3.3× (Mar '23) to 23.1× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.2× (Nov '26).
The dividend yield has fallen from 3.2% (Mar '23) to 1.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CNO growing its revenue and profit?

Over the past 5 years, Cno Financial Group, Inc.'s revenue has grown 3.3% per year, and net income declined 5.3% per year. These are computed facts, not advice.

How much debt does CNO have?

As of FY2025, Cno Financial Group, Inc. reported — of total debt against $984M of cash; operating income covered interest expense 2.4×.

What is CNO's profit margin?

In FY2025, gross margin was —, operating margin 12.3%, and net margin 5.1%.

What is CNO's P/E ratio?

Cno Financial Group, Inc.'s P/E (TTM) is 18.98 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CNO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 23.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.