Centene Corp (CNC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,930,000 | 1,318,000 | 1,784,000 | 3,082,000 | 1,781,000 |
| Revenue | US$ in thousands | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 | 74,639,000 |
| Operating profit margin | 1.90% | 0.91% | 1.42% | 2.77% | 2.39% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,930,000K ÷ $153,999,000K
= 1.90%
The operating profit margin of Centene Corp. has shown a steady decrease over the past five years, from 2.75% in 2019 to 2.25% in 2023. This indicates that the company's profitability from its core operations has been gradually eroding. The downward trend suggests that Centene may be facing challenges in controlling its operating expenses or generating sufficient revenues to maintain its profit margins. It would be crucial for Centene to analyze the drivers behind this decline and implement strategies to improve its operating efficiency in order to enhance its profitability in the future.
Peer comparison
Dec 31, 2023