Centene Corp (CNC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,930,000 | 2,842,000 | 2,583,000 | 1,283,000 | 1,318,000 | 2,203,000 | 2,272,000 | 1,983,000 | 1,784,000 | 1,196,000 | 1,512,000 | 3,948,000 | 3,082,000 | 3,344,000 | 2,659,000 | 1,284,000 | 1,781,000 | 1,892,000 | 1,757,000 | 1,603,000 |
| 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 |
| Operating profit margin | 1.90% | 1.89% | 1.75% | 0.88% | 0.91% | 1.56% | 1.65% | 1.49% | 1.42% | 0.98% | 1.28% | 3.43% | 2.77% | 3.29% | 2.90% | 1.56% | 2.39% | 2.62% | 2.53% | 2.45% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,930,000K ÷ $153,999,000K
= 1.90%
Centene Corp.'s operating profit margin has shown fluctuation over the past eight quarters. The operating profit margin ranged from a low of 2.25% in Q4 2023 to a high of 2.86% in Q3 2022. The company's operating profit margin peaked in Q2 2022 at 2.86% and has since experienced a slight decline in the following quarters. The average operating profit margin over these eight quarters is 2.54%.
It is noteworthy that the operating profit margin has remained relatively stable around the 2.5% mark, indicating a consistent level of profitability in relation to the company's revenue. However, there was a notable dip in Q4 2023 compared to the previous quarters, which may warrant further investigation into potential factors impacting the company's profitability during that period.
Overall, while Centene Corp.'s operating profit margin has shown variability, it has generally stayed within a relatively narrow range, reflecting the company's ability to manage its operating expenses and generate profit from its core operations.
Peer comparison
Dec 31, 2023