Centene Corp (CNC)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,702,000 | 2,444,000 | 2,713,000 | 1,483,000 | 1,202,000 | 2,014,000 | 1,860,000 | 1,497,000 | 1,347,000 | 736,000 | 720,000 | 2,461,000 | 1,808,000 | 2,029,000 | 1,556,000 | 845,000 | 1,321,000 | 1,353,000 | 1,277,000 | 1,082,000 |
| Revenue (ttm) | US$ in thousands | 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 | 74,639,000 | 72,335,000 | 69,541,000 | 65,366,000 |
| Net profit margin | 1.75% | 1.63% | 1.83% | 1.01% | 0.83% | 1.42% | 1.35% | 1.12% | 1.07% | 0.60% | 0.61% | 2.14% | 1.63% | 2.00% | 1.70% | 1.03% | 1.77% | 1.87% | 1.84% | 1.66% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,702,000K ÷ $153,999,000K
= 1.75%
The net profit margin of Centene Corp. has shown fluctuating trends over the past eight quarters. In Q4 2023, the net profit margin was 1.75%, which represents an increase from the previous quarter (Q3 2023) at 1.63%. Comparing Q4 2023 to the same quarter in the previous year (Q4 2022) at 0.83%, there has been significant improvement in profitability.
Looking at the broader trend, the company's net profit margin has generally been on an upward trajectory since Q1 2022, where it was at 1.12%. The highest point during this period was in Q2 2023 at 1.83%.
Overall, while there have been fluctuations in Centene Corp.'s net profit margin, there is an indication of improvement in profitability over the past few quarters, with Q4 2023 showing a particularly positive trend.
Peer comparison
Dec 31, 2023