Centene Corp (CNC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,305,000 | 2,702,000 | 1,202,000 | 1,347,000 | 1,808,000 |
| Revenue | US$ in thousands | 163,071,000 | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 |
| Net profit margin | 2.03% | 1.75% | 0.83% | 1.07% | 1.63% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,305,000K ÷ $163,071,000K
= 2.03%
Centene Corp's net profit margin has shown fluctuations over the past five years. Starting at 1.63% as of December 31, 2020, the margin decreased to 1.07% by December 31, 2021, and further dropped to 0.83% by December 31, 2022. However, there was a significant recovery in the following years, with the net profit margin improving to 1.75% as of December 31, 2023, and reaching 2.03% by December 31, 2024. This upward trend in recent years indicates an improvement in Centene Corp's ability to convert revenue into net profit, highlighting potentially better cost management or revenue growth strategies.
Peer comparison
Dec 31, 2024