Centene Corp (CNC)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,175,000 | 2,930,000 | 3,636,000 | 3,263,000 | 3,082,000 |
| Revenue | US$ in thousands | 163,071,000 | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 |
| Operating profit margin | 1.95% | 1.90% | 2.52% | 2.59% | 2.77% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,175,000K ÷ $163,071,000K
= 1.95%
Based on the provided data, Centene Corp's operating profit margin has shown a slight decline over the years. The operating profit margin was 2.77% as of December 31, 2020, which decreased to 2.59% by December 31, 2021, and further dropped to 2.52% by December 31, 2022. Subsequently, there was a more noticeable decrease to 1.90% by December 31, 2023, before a slight increase to 1.95% by December 31, 2024.
This trend indicates that Centene Corp's efficiency in generating profit from its core operations has weakened over the years, although there was a minor improvement in the most recent period. It is essential for the company to closely monitor its operating expenses and revenue generation strategies to maintain or improve its operating profit margin in the future.
Peer comparison
Dec 31, 2024