Centene Corp (CNC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	21,417,000	20,974,000	24,646,000	27,601,000	27,530,000	23,512,000	19,777,000	16,877,000	16,656,000	16,443,000	16,127,000	14,936,000	14,199,000	13,869,000	14,121,000	15,677,000	15,216,000	13,986,000	12,207,000	9,639,000
Revenue (ttm)	US$ in thousands	163,071,000	161,726,000	157,745,000	155,517,000	153,999,000	150,100,000	147,923,000	146,251,000	144,547,000	141,554,000	138,095,000	133,184,000	125,982,000	121,702,000	118,386,000	115,073,000	111,115,000	101,690,000	91,576,000	82,220,000
Gross profit margin		13.13%	12.97%	15.62%	17.75%	17.88%	15.66%	13.37%	11.54%	11.52%	11.62%	11.68%	11.21%	11.27%	11.40%	11.93%	13.62%	13.69%	13.75%	13.33%	11.72%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $21,417,000K ÷ $163,071,000K
= 13.13%

Centene Corp's gross profit margin has fluctuated over the past few years, ranging from a low of 11.21% on March 31, 2022, to a high of 17.88% on December 31, 2023. The company's gross profit margin experienced significant growth from September 30, 2023, to December 31, 2023, reaching an impressive 17.88%. However, there was a notable decline in the margin in the subsequent quarters, dropping to 12.97% on September 30, 2024.

Overall, Centene Corp's gross profit margin shows varying levels of profitability over time, indicating fluctuations in its ability to generate profit from its core operations. Further analysis of the underlying reasons for these fluctuations would be necessary to provide a more detailed assessment of the company's performance.