Centene Corp (CNC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,702,000 | 1,202,000 | 1,347,000 | 1,808,000 | 1,321,000 |
| Revenue | US$ in thousands | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 | 74,639,000 |
| Net profit margin | 1.75% | 0.83% | 1.07% | 1.63% | 1.77% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,702,000K ÷ $153,999,000K
= 1.75%
Centene Corp.'s net profit margin has fluctuated over the past five years, with a notable increase in 2023 compared to the previous year. In 2023, the net profit margin stood at 1.75%, marking a substantial improvement from 0.83% in 2022. Despite this increase, the net profit margin in 2023 remains below the levels seen in 2019 and 2020, when it was 1.77% and 1.63%, respectively. The company experienced a slight dip in profitability in 2021 with a net profit margin of 1.07%.
Overall, Centene Corp.'s net profit margin has shown some variability in recent years, indicating fluctuations in its profitability. It is essential for the company to continue monitoring and managing its costs and revenues effectively to ensure sustainable and consistent profitability in the future.
Peer comparison
Dec 31, 2023