Centene Corp (CNC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,257,000 | 3,598,000 | 1,962,000 | 1,813,000 | 2,773,000 |
| Revenue | US$ in thousands | 163,071,000 | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 |
| Pretax margin | 2.61% | 2.34% | 1.36% | 1.44% | 2.50% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,257,000K ÷ $163,071,000K
= 2.61%
The pretax margin of Centene Corp has shown variability over the past five years. It stood at 2.50% as of December 31, 2020, but experienced a decline to 1.44% by the end of 2021. This downward trend continued into 2022 and 2023, where the pretax margin further decreased to 1.36%. However, there was a notable improvement in the pretax margin in 2024, reaching 2.34% and then rising slightly to 2.61% by the end of the year. Overall, the fluctuating pretax margin suggests that Centene Corp has been facing challenges in maintaining consistent profitability before accounting for taxes. Further analysis may be required to understand the factors driving these changes and to assess the company's financial performance in more depth.
Peer comparison
Dec 31, 2024